The United States economy added 173,000 jobs in May, but job growth cooled down compared to 2016’s monthly average of 188,000, says a new report released Thursday from ADP and Moody’s Analytics. According to the private payrolls count, the service sector accounted for all of the job creation in May. The service sector added 175,000 […]
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Report: Federal Reserve experienced 50 cyber breaches since 2011
Somebody or something is trying to gain access to important documents at the Federal Reserve. According to disclosed records from the United States central bank, the Fed experienced more than 50 cyber breaches between 2011 and 2015. Many officials at the central bank believe those responsible are spies or hackers. In any event, some of […]
Excerpt: Ludwig von Mises on the ‘success of socialist newspeak’
Legendary economist Ludwig von Mises wrote very eloquently about the dangers of socialism and how it has seeped in modern culture, even with its countless failures. In his writings “Liberty & Property,” Mises opines about the “success of socialist newspeak,” pretty much using the playbook from George Orwell “1984,” which is certainly a portrait of […]
Teenage unemployment rate compared between blacks, whites
If this isn’t even more evidence that it’s time to abolish the minimum wage, a new chart from the American Enterprise (AEI) shows a huge gap in employment among black teens and white teens. The chart shows that the unemployment rate among black teens is 36.6 percent, while the jobless rate for white teens is […]
Currency Manipulation by U.S. is Alive and Well
By: Tommy Behnke Last month, central bankers and finance leaders from the Group of 7 (G-7) advanced economies met in Sendai to discuss the global economy at large. As expected, the United States cautioned Japan, a US currency watchlist country, to refrain from taking further steps to manipulate its currency. This warning came as a […]