The Democratic presidential candidate promises that families with an income less than the adjusted total income will not pay more nickel in direct taxes. High-income families will pay more in some cases, more. The dividing line is no accident: it was deliberately determined beyond any definition of the middle class. …
Read More »
This means that the furlough or temporary job loss situation that many people initially hoped for is becoming permanent as businesses close and costs are reduced. This closely watched labor market action has nearly tripled since it sank to a 19-year low in February before an epidemic broke out in …
Read More »
CNBC’s Jim Kramer said Friday he will close his New York restaurants soon due to a coronavirus epidemic but hopes to resume business when the public health crisis improves. “I’m closing my restaurant and I’m going to close them in 10 days,” Kramer said on “Squaw on the No Street.” …
Read More »
U.S. New orders for major capital goods created by the company increased more than expected in August and demand for the previous month was stronger than previous estimates, indicating that business spending on equipment continues to improve after a long-term decline. In a bullish report from the Commerce Department on …
Read More »
The number of first-time filers for unemployment benefits last week was slightly higher than expected as the sluggish recovery from the coronavirus epidemic in the labor market continues. The Labor Department reported Thursday that Sept. Initial job claims for the week ending on the 19th came in at 870,000. Economists …
Read More »