Last week, President Donald Trump approved several new tariffs on imports of solar products and washing machines. Supporters of the move are celebrating, arguing that American jobs will be created – a Chinese company is opening a new solar factory in the United States. Opponents warn, however, that prices will rise and jobs will inevitably […]
Archives for January 2018
Whirlpool shares surged 11% last week amid new Trump tariffs
The United States government did a favor for Whirlpool last week: decrease competition. President Donald Trump approved new tariffs on washing machine imports, likely causing LG and Samsung to see decreased sales in the U.S. market, and Americans to suffer price hikes and even job losses. But who will benefit? Whirlpool. From January 22 to […]
STUDY: CNN tops list of most polarizing media brands
Let’s face it: the state of journalism is in terrible shape. The left-wing bias infiltrating most newsrooms across the United States, and the rest of the world, is just one facet causing a black eye to some of the biggest media brands out there. Fake news, shoddy reporting, and double standards are some of the […]
U.S. personal savings rate crashes to 13-year low
Wages and consumer spending may be picking up, but the savings rate is crumbling to pre-recession lows, and that is certainly terrifying. According to the Bureau of Economic Analysis (BEA), the United States personal savings rate plunged to 2.4 percent, the lowest level since 2005. Meanwhile, consumer spending rose 0.4 percent in December, the biggest […]
Week in Review: January 22 to January 28
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: THANKS: Top 1% paid as much in federal income taxes as bottom 95% WATCH: Media’s treatment of Trump health’s vs. Clinton’s health Should U.S. taxpayers still pay taxes […]