Category: Economics

Americans apply for jobs at Koch Foods after ICE raid

Roughly 150 locals attended an August 12 job fair to apply for jobs at the Koch Foods’ plants in Mississippi.

The fair was run after the August 7 removal of 243 alleged illegal migrants in two of the company’s chicken processing plants, according to local authorities.

Treasury designates China as a currency manipulator

The United States took the rare step on Monday of formally labeling China a currency manipulator, as trade relations between the two countries continued to spiral downward after President Donald Trump’s decision last week to impose additional tariffs on Chinese goods.

“In recent days, China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite active use of such tools in the past,” the Treasury Department said in a statement that followed the People’s Bank of China’s decision to let its currency, the renminbi, fall to the lowest level in more than a decade.

Baltimore cannot account for billions in federal dollars

The city of Baltimore cannot account for the billions of dollars it receives in federal funding as crime, drugs, and rats run rampant in the city, according to a recent report on the city’s expenses.

According to a 2018 audit of the city’s finances provided by USASpending.gov, Baltimore received $5.44 billion in federal grants, contracts, and other financial assistance.

Judicial tyranny: DC judge mandates right to Medicaid for able-bodied adults without work requirement

Courts have become the final arbiter of cultural issues and now even border and national security issues. Thus, it was only a matter of time before they ventured into fiscal/economic issues. Recently, several states have been conditioning Medicaid eligibility upon work requirements. Arkansas, Kentucky, and New Hampshire got a waiver from HHS to require that non-disabled beneficiaries under 65 show that they have completed a certain number of hours of work requirements or similar community engagement. The issue is popular with the public, but now, one man, Judge James Boasberg, has taken it upon himself to prevent every state throughout the country from enacting this commonsense reform.

Baltimore Sun: Trump is right. Declare Baltimore a ‘disaster’ and rebuild it

Donald J. Trump is known for his hyperbole, but not all of his ideas are a stretch. Our inner cities are a “disaster,” as he said in the final presidential debate — and they should be officially declared so.
Mr. Trump said on the campaign trail that he would “empower cities and states to seek a federal disaster designation for blighted communities in order to initiate the rebuilding of vital infrastructure, the demolition of abandoned properties and the increased presence of law enforcement.” Now that he’s captured the presidency, let’s hope he follows through.

“I don’t see how we’ll survive’–rising minimum wage squeezes California restaurants

n a piece published this week, WSJ takes us to the Bay Area, where the owner of a restaurant called Patatas Neighborhood Kitchen, situated in the small city north of Oakland. After the city of Emeryville raised its minimum wage from $15 to $16.30 this year, the restaurant’s owner was forced to lay off six of his 10 employees and eliminate the dinner shift.

Bernie Sanders likens West Baltimore to ‘Third World Country’

Hoping to reach African-American voters nationally in his bid for the Democratic presidential nomination, Sen. Bernie Sanders on Tuesday toured the West Baltimore neighborhood where Freddie Gray was arrested — and likened the poverty he observed to that of the Third World.

Gallup: Immigration biggest concern to American voters

After hitting a new high last month, mentions of immigration as the most important problem facing the U.S. increased further to 27% in July. Since Gallup began regularly recording mentions of the issue in 1993, immigration has been cited by an average of 6% of Americans, though it has been higher in recent years. There have been occasional, typically short-lived, spikes when major immigration events were occurring.

San Francisco homeless count goes from bad to worse, jumps 30% from 2017

Over the last several months, cities and counties across California have been releasing homeless counts. The results have been grim.

San Francisco was no exception. In May, the city released data that showed homelessness had jumped 17%. That was bad enough. Last week, a more complete accounting, known as a point-in-time count, showed the problem was even worse.

The count revealed that homelessness in a city that’s become a caricature of wealth inequality in the U.S. had actually increased by about 30% from 2017, when the last count took place.

Socialist Bernie Sanders admits $15 minimum wage doesn’t work, raises wages and cuts hours for campaign staff

Sen. Bernie Sanders (I-Vt.) is quite the hypocrite. The 2016 Democratic presidential runner-up and 2020 contender has long championed increasing the minimum wage to $15 per hour, and chided companies like Disney and McDonald’s for not paying their employees that much. Last week, news broke that Sanders’ presidential campaign is not paying staffers a salary equivalent to $15 per hour. Field organizers said they make $36,000 per year working 60 hours per week, an average of $13 per hour.