Tag: winning

Need to Know 8/2/18

More winning for the Trump economy.  Incomes rose at the highest rate in over a decade this past year.  Generally in an economic recovery wages lag behind.  But with the fast drop in unemployment, it’s become harder to find good workers without paying a premium.  The free market is once again showing that minimum wages don’t need the strong arm of government to go up.

Trump economy gives workers a raise

The Paul Manafort trial is off to a rough start as the judge found himself chastising the prosecution on several occasions.  In one case, they continued to go on about Manafort’s lavish lifestyle before Judge Ellis reminded them that being wealthy isn’t a crime.  At another point, the prosecution teased that their star witness Rick Gates might not testify, eliciting another eruption from the judge.  Gates is thought to be a keystone witness for the case against Manafort.

Prosecution earns judge’s ire hours into Manafort case

Ocasio-Cortez just got snubbed by former President Barack Obama.  Obama released a list of endorsements for the 2018 midterm.  She’s not on the list.  The former President and political godfather may include her in future endorsements, but it’s pretty telling that he wouldn’t include her in the first round.  As Ocasio-Cortez continues to produce more gaffs than Joe Biden, more and more moderate Democrats have let go of her coattails and even openly criticized her.  Personally, I’m rooting for her.  It’s not often you see a Democrat candidate just come out and admit that they want to double taxes in America.

Obama releases list of endorsements, Ocasio-Cortez isn’t on it

Newsflash 7/25/18

Trump has been criticized by both sides of the aisle for imposing tariffs on China and threatening tariffs against the EU.  Trump himself has maintained that he doesn’t want tariffs or barriers to trade, but is imposing them because other countries have already imposed tariffs on the US.

Today a trade war was avoided with the EU as they capitulated under threat of tariff and have granted the US major trade concessions.  The EU will import more soybeans from the US and lower tariffs on industrial goods in the deal to avoid US tariffs.  The Dow ended up about 172 points after the announcement.

EU avoids trade war by giving US concessions on tariffs