Archive For The “Uncategorized” Category

Philadelphia bars employers from requesting salary history

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PHILADELPHIA (AP) — Despite a threat from cable giant Comcast to take legal action, Philadelphia has banned employers from asking potential hires to provide their salary history, a move supporters say is a step toward closing the wage gap between men and women. Democratic Mayor Jim Kenney signed the measure Monday and said he’s confident…

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New study: Trump to inherit $559B deficit, stable economy

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WASHINGTON (AP) — President Donald Trump has inherited a stable economy but a government that faces a worsening debt and deficit picture, congressional analysts said Tuesday. The estimates from the nonpartisan Congressional Budget Office say the economy will hold relatively steady, with economic growth rising slightly to 2.3 percent this year and unemployment averaging less…

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EU to Trump: Trade barriers, building walls ‘doomed to fail’

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BRUSSELS (AP) — The European Union on Tuesday told President Donald Trump that his “America First” and protectionist trade policies are “doomed to fail” and said the kind of trade deals like the one he scuttled with the Asian Pacific countries “are a handy scapegoat.” Instead of protectionism, EU Trade Commissioner Cecilia Malmstrom said the…

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The (robot) elephant in the room with the auto titans

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You snooze, you lose. Thus, Ed Kilgore of New York magazine was first to the plate in writing something I had been thinking: Donald Trump’s “economic strategy is looking more and more like a right-wing governor’s.” And hasn’t that worked out dandy for such basket cases as Kansas and Arizona. Still, Trump has potential control…

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The economics of the Mexican border

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The administration intends to “build a wall” at the border separating the United States from Mexico. This comes at a moment when the population of illegal immigrants has actually fallen since the late 2000s and, by an imperfect count, crossings are at decades low numbers. Nevertheless, to Americans most concerned about the phenomenon, certain facts…

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Seattle’s silver bullet: civic stewards who give back

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The $279 million gift by the Bill and Melinda Gates Foundation to the University of Washingtonmarks a historic record but it’s also in line with a historic Seattle strength. Civic stewardship, particularly by people and companies with the means to write checks and (oh-so-Seattle-nicely) knock heads, is an enormous advantage here. By almost any economic…

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Port of Seattle CEO on paid leave for ‘personnel issues’ amid performance review

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The Port of Seattle’s CEO is on leave amid a performance review, officials said Thursday. Ted Fick, who has led the Port for the past 2½ years, is on paid leave for an undetermined amount of time, according to a message distributed to Port employees. Officials declined to say why or to make any additional…

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US economic growth slowed in Q4, but there’s hope ahead

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WASHINGTON (AP) — The U.S. economy lost momentum in the final three months of 2016 as a downturn in exports temporarily depressed activity. But there were hopeful signs in housing and business investment that the economy will rebound in the coming months. The gross domestic product grew at an annual rate of just 1.9 percent…

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Vote: Is NAFTA a net plus or minus for the United States?

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The North American Free Trade Agreement vastly increased commerce among the United States, Canada and Mexico. But it’s long been a lightning rod for criticism on the left, especially from unions. This past presidential election the opposition also came from the right with Donald Trump. Now in the White House, he insists on renegotiating the…

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US business spending rises for 3rd month, boosting factories

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WASHINGTON (AP) — U.S. businesses ramped up their investment in industrial machinery, semiconductors and other big-ticket items last month, boosting demand for factory goods. A measure that tracks business spending plans climbed 0.8 percent in December, after jumping 1.5 percent the previous month, the Commerce Department said Friday. Orders for all durable goods, which are…

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