Economy

Income Inequality Continues to Grow Despite Bump in Median Income
Economy
Income Inequality Continues to Grow Despite Bump in Median Income
2019-09-27 20:46:25
by Dan McCue

WASHINGTON - The gap between those who are well-off in the United States and those who aren't is now the largest it's been in the past 50 years - this despite the median U.S. income setting a new record high,... Read More

McHenry, Maloney Introduce Bipartisan Financial Transparency Act
Finance
McHenry, Maloney Introduce Bipartisan Financial Transparency Act
2019-09-27 20:41:31
by Dan McCue

WASHINGTON - Reps. Patrick McHenry, R-N.C., and Carolyn Maloney, D-N.Y., have introduced legislation to make financial data more easily available online and less opaque. McHenry, ranking Republican of the House Financial Services Committee, said with technology playing such a large... Read More

Women-Owned Businesses Growing 2X Faster Than All Businesses Nationwide
Economy
Women-Owned Businesses Growing 2X Faster Than All Businesses Nationwide
2019-09-24 20:35:40
by Dan McCue

WASHINGTON - Women-owned businesses continue to fuel the economy and now represent 42% of all businesses — nearly 13 million — employing 9.4 million workers and generating revenue of $1.9 trillion, according to a new report commissioned by American Express.... Read More

GM Strike May Stretch Out Awaiting UAW Workers’ Vote On Tentative Deal
Employment
GM Strike May Stretch Out Awaiting UAW Workers’ Vote On Tentative Deal

DETROIT — The UAW is considering staying on strike against General Motors until rank-and-file members approve a tentative agreement, a process that could add more than a week to the length of the work stoppage, the Free Press has learned.... Read More

Majority of CFOs See US Sliding Into Recession Before 2020 Election
Economy
Majority of CFOs See US Sliding Into Recession Before 2020 Election
2019-09-19 12:46:24
by Dan McCue

WASHINGTON - A majority of chief financial officers surveyed by Duke University believe the United States will be in an economic recession by the 2020 Election, despite continuing low unemployment. Fifty-three percent of the 225 CFOs participating in the latest... Read More

Wall Street May Get $40 billion Reprieve From Trump Regulators
Economy
Wall Street May Get $40 billion Reprieve From Trump Regulators

WASHINGTON — Wall Street could soon get one of its most consequential wins of the Trump era as regulators are considering ripping up a rule that’s forced banks to set aside billions of dollars for swaps trades, according to people... Read More

Saudi Attacks Reveal Oil Supply Fragility in Asymmetric War
Geopolitics
Saudi Attacks Reveal Oil Supply Fragility in Asymmetric War

DUBAI, United Arab Emirates — The latest and most destructive attacks on Saudi oil facilities provide stark evidence of the vulnerability of global crude supply in an age of disruptive technologies that can bring a century-old industry to its knees... Read More

46,000 UAW Workers Strike At GM Plants Nationwide
Economy
46,000 UAW Workers Strike At GM Plants Nationwide

DETROIT — Members of the United Auto Workers went on strike at General Motors Co. plants nationwide at midnight Sunday night, sending 46,000 workers to picket lines in the union’s first walkout since the automaker emerged from taxpayer-funded bankruptcy a... Read More

White House Repeals Obama-Era Clean Water Rule
Environment
White House Repeals Obama-Era Clean Water Rule
2019-09-13 19:51:40
by Dan McCue

WASHINGTON — The Trump administration announced Thursday that it is repealing an  Obama-era clean water rule that had placed limits on polluting chemicals that could be used near streams, wetlands and other bodies of water. According to the Environmental Protection... Read More

House Panel Told Broadband Policies Should Not Worsen Urban/Rural Divide
Technology
House Panel Told Broadband Policies Should Not Worsen Urban/Rural Divide
2019-09-11 23:48:11
by Dan McCue

WASHINGTON - A far-reaching broadband connectivity should not be dictated by the location of a home or business, but rather should foster economic growth and sustainable communities by being equally accessible by all. That was the overarching message delivered to... Read More

House Votes to Ban Offshore Drilling, Throwing Down Gauntlet for Trump, GOP
Environment
House Votes to Ban Offshore Drilling, Throwing Down Gauntlet for Trump, GOP
2019-09-11 23:43:20
by Dan McCue

WASHINGTON - Rep. Francis Rooney, R-Fla., couldn't be happier that the House Wednesday passed a pair of bills blocking offshore oil drilling in almost all waters around the United States. But in an interview with The Well News, he acknowledged... Read More

Moderates Seen As Key to Ratifying U.S.-Mexico-Canada Trade Deal
Trade
Moderates Seen As Key to Ratifying U.S.-Mexico-Canada Trade Deal
2019-09-06 21:13:11
by Dan McCue

WASHINGTON - As Congress adjourned for its August recess, the U.S.-Mexico-Canada trade deal, known as the USMCA, seemed to be the last thing on anyone's mind. At the time, an impending fiscal crisis had just been averted, and lawmakers, media... Read More

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