Shutdown and Trade Wars Affect Global Economy

Business, government, and non-profit leaders gathered at the World Economic Forum in Davos, Switzerland are concerned about a host of issues. Yet, most of them are primarily concerned with the lack of global growth. The slowdown is most evident in countries like China and Germany affected by US trade tariffs. China’s economy, the second biggestRead More

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Closure of US-Mexico Border Threatened as Wall Funding Stalemate Drags On

President Trump tweeted the threat on Friday morning. When Trump visited with troops stationed in Iraq on Wednesday, he also told reporters he was willing to continue with the government shutdown until funding for his border wall is sorted out. The partial government shutdown has been effective for a week and there are no breakthroughsRead More

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Corporate America Achieves $1 Trillion in Stock Buybacks

Last week, Lowe’s and AbbVie revealed $34.4 billion in buybacks to please shareholders. This hiked up repurchase announcements over $1 trillion, beating the previous record $781 billion from 2015. On Monday, Johnson & Johnson declared a buyback of $5 million. Steady economic growth and the corporate tax law from last year led to the record-settingRead More

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For the U.S., the Trade War with China is at a Standstill

President Trump launched a trade war against China by raising tariffs as much as 25% on Chinese imports into the U.S. Pumps/turbines and electrical equipment has the highest values in imports. The purpose of these tariffs was to cut down the U.S. trade deficit with China. Goldman Sachs economists, Alec Phillips, and Blake Taylor blameRead More

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Residents Upset about Amazon HQ2 in Virginia and New York

Amazon announced on Tuesday that the company had chosen New York’s Long Island City and Northern Virginia’s Crystal City as the locations for its secondary headquarters. “We are excited to build new headquarters in New York City and Northern Virginia,” Founder and CEO Jeffrey Bezos issued a statement. “These two locations will allow us toRead More

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“Trump” Name to be Removed from Manhattan Condo Building

After more than 20 years under the Trump brand, Manhattan condominium “Trump Place” is dropping the president’s last name. Instead, it will simply be known as “200 Riverside Boulevard.” Located on the Upper West Side of Manhattan, the 46-story building stands proudly between 69th and 70th Streets. Along with a number of residential units, hotels, casinosRead More

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Trump Imposes Hard Line Sanctions on Iran

Sanctions levied against the Iranian government by the Trump Administration took effect Tuesday, with another round of more stiff round of sanctions to come in the near future. The Trump Administration has hopes that these sanctions will help cripple the Iranian economy and force concessions from the capital of Tehran. In fact, the announcement ofRead More

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Senate passes bill that holds back some of the U.S.’ tariffs

The Senate seems to have gone one step ahead of President Donald Trump and has already implanted the first tariff relief legislation. The approved law specifically takes tariffs away from items used in production that can’t be purchased directly in the U.S.  It has been referred to as the Miscellaneous Tariff Bill Act, and it hadRead More

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Trump Administration Seeks to Change Obama’s Fuel Economy Standards

Next week, the Trump administration will begin working on a revision of the U.S.’ fuel economy standards. The current U.S. fuel economy standards were implemented by the Obama administration. The standards caused a deal between automakers, state officials, environmentalists and federal regulators. In 2012, the aforementioned organizations agreed to start increasing vehicle efficiency in theRead More

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Toronto Votes to Completely Ban Handgun Sales

Toronto’s city council has recently decided to install a ban on all handgun sales after a mass shooting in the city left three people dead. This is a striking measure, especially when compared to how U.S. politicians have recently approached gun control legislation. The city’s mayor, John Tori, was blunt and direct when addressing theRead More

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