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Turkey: Erdogan Declares Victory Against U.S. ‘Economic Assassination’

President Recep Tayyip Erdoğan told members of his Islamic Justice and Development Party (AKP) on Friday that the United States had attempted an “economic assassination” on Turkey, one that his administration has largely “stopped.” The Turkish lira has lost more than 40 percent of its value in the past year, currently trading at 6.13 lira to […]

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Tesla Buyers Complain About Delivery Time While Company Struggles to Meet Production Goals

As Tesla struggles to exit “production hell,” customers are beginning to complain about the long wait times to receive the vehicles they paid for. The LA Times reports that as Tesla struggles to meet production goals, some customers are becoming increasingly annoyed by the wait times to receive their vehicles. According to the Times: There’s no […]

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Anger After European Commissioner Blasts ‘Little Mussolinis’, ‘Problem’ Italy

European Commissioner for Economic and Monetary Affairs Pierre Moscovici slammed the populist Italian government as a “problem”, insisting the government should stop spending programmes and propose a “credible budget”. The EU Commissioner said earlier this week at a press conference in Paris that the Italian economic situation and the budget of the populist coalition was a “problem for the Eurozone”, Il […]

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U.S. Immigrant Numbers Hit 44.5 Million, Break 108-Year Record

The immigrant percentage of the U.S. population is the highest in 108 years, according to the latest release by the Census Bureau. In 2017, 13.7 percent of people in the United States were immigrants, up from 13.5 percent in 2016, and up from 5 percent in 1970, according to the bureau’s data. The percentage means 44.5 […]

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Rep. Yoder’s India Lobby Offers $$$ to Jump Line for Green Cards

A group of Indian visa-workers is offering to pay the federal government $1,500 per family to jump the line for green cards, according to a friendly report by the McClatchy news bureau. The proposed trade would send just $1,500 from each Indian family to the federal treasury in exchange for a fast-track to the hugely valuable prize of […]

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Woodward’s Book Shows Gary Cohn Misused Jobs Data in Monthly Presentations to Trump

Gary Cohn repeatedly used government data on people voluntarily leaving their jobs in an attempt to convince President Donald Trump that American workers did not want manufacturing jobs, Bob Woodward claims in his new book. But the data Cohn used showed no such thing. If Cohn was using this as Woodward claims, he was giving misinformation to […]

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Desperate Iran May Turn to China for Help as Beijing’s Oil Purchases Plummet

The collapse of the rial currency and the looming threat of U.S. oil sanctions, scheduled to take hold in November, are reportedly leading Iran to turn to China for help keeping their economy afloat. A report Thursday suggests that China, itself struggling amid U.S. tariffs, may not be looking to save Iran and is diminishing […]

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China to Lend Venezuela’s Maduro Regime $5 Billion amid Economic Meltdown

China agreed to provide Venezuela a $5 billion credit line in return for future oil payments ahead of socialist dictator Nicolás Maduro’s visit to Beijing, the country’s finance minister announced on Wednesday. Minister Simon Zerpa told Bloomberg News the two countries had agreed on a “strategic alliance on gold mining” ahead of Maduro’s visit to […]

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Donald Trump: China ‘Under Pressure’ to Make a Deal with United States

President Donald Trump said Thursday that the United States was under zero pressure to make a trade deal with China. “We are under no pressure to make a deal with China, they are under pressure to make a deal with us,” he wrote on Twitter, in response to a Wall Street Journal article that cited […]

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Trump Deputies Cut Federal Support to Child-Smuggling Networks

President Donald Trump’s deputies are shrinking federal cooperation with the smuggling networks which transport Central American children and youths to their illegal-immigrant parents in the United States. The Trump policy narrows President Barack Obama’s policy of allowing illegal-immigrant parents in the United States to use the Department of Health and Human Services as a pick-up […]

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Consumer Prices Defy Prediction that Tariffs Would Tax Consumers

U.S. consumer prices rose by less than expected in August, once again defying forecasts that a tight labor market, tariffs, and trade disputes would push inflation higher. The consumer-price index rose a seasonally adjusted 0.2 percent in August from the prior month, the Labor Department said Thursday. Core inflation, which excludes volatile food and energy components, […]

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Jobless Claims Unexpectedly Fall to 49-Year Low

It’s been nearly half a century since layoffs were this low. Initial claims for state unemployment benefits, a proxy for layoffs, fell by 1,000 to 204,000 in the week ended September 9, the Labor Department said Thursday. Economists had expected claims to rise to 210,000, according to Bloomberg’s Econoday. The four week average of new claims, […]