A new debt bubble has formed in the U.S. economy concerning auto loans. As this frightening balloon takes in more air, President Donald Trump may soon find himself in a financial the likes of which his democratic predecessor confronted when he took office in 2009. This news is a bit more than worrisome.
Instead of creating new rules, the order merely directs agencies to look for ways to promote both goals. The Buy American Act is already on the books and the law of the land. It was passed all the way back in 1933 and has never been repealed or overturned. However, a mountain of waivers, carve-outs, and simple lack of enforcement have long since crushed the spirit of this law. President Trump is looking to breathe new life into this eighty-four-year-old law.
A senior economist at the International Monetary Fund (IMF) has published a working paper entitled “The Macroeconomics of De-Cashing.” In his twenty-six-page paper, Alexei Kireyev outlines what governments need to do to establish a cashless society and why it helps states to adopt such a world. This is essentially the blueprint for the war on cash, a battle that has certainly escalated in the last two years.
Part of the American Dream is to have a family, a home, financial stability, and the freedom to partake in leisure activities. Although many millennials are more interested in traveling and leisure experiences than in material items, their desire to purchase homes is increasing.
In 2017, Elon Musk is following in Ford’s footsteps by transforming the electric vehicle. It’s not just Ford the man we are talking about either – this is Ford, the company. According to The Wall Street Journal, Musk’s company, Tesla, just surpassed Ford’s valuation on the New York stock exchange.
Two false narratives persist: the idea that this laptop ban is truly about national security, and the theory that Islamophobia motivates this restriction.
President Trump recently announced a laptop ban for passengers flying on specific airlines coming from certain countries — but it’s not about safety. It’s about bringing U.S. airlines more business; it’s part of the America First plan.
While the budget contains some positive ideas mixed with some negative ones, some topics do not belong in either category. In part three, we explore the ugly side of the budget.
The seven-year battle for Keystone XL pipeline is officially over as President Donald Trump has issued the presidential permit needed to move forward with construction.