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Trade deficit drags on growth and jobs creation
COLLEGE PARK, Md., Feb. 11 (UPI) -- Friday, the U.S. Commerce Department reported the U.S. economy's deficit on international trade in goods and services was $40.6 billion in December, up from $38.3 billion in November and $27.1 billion in mid 2009, when the economic recovery began.
WASHINGTON, Feb. 9 (UPI) -- Two ticking packages slipped into the White House. One is the situation in Egypt that, if not handled carefully especially in Cairo as well as in Washington, could be the bomb that explodes the Middle East. The other package is IED-like -- an improvised explosive device -- lurking in Lahore. If that goes off, the U.S.-Pakistani relationship will be irreversibly damaged.
COLLEGE PARK, Md., Feb. 8 (UPI) -- The U.S. economy is growing only moderately and the job market remains sluggish, but stocks keep roaring ahead -- and they should.
Another lousy jobs report
COLLEGE PARK, Md., Feb. 4 (UPI) -- Another lousy jobs report!
COLLEGE PARK, Md., Feb. 3 (UPI) -- Friday, economists expect the U.S. Labor Department to report the economy added 150,000 jobs in January, barely enough to hold unemployment steady at about 9.4 percent and far less than should be expected 19 months into an economic recovery.
Egyptian unrest: Dynasty, devolution or revolution?
WASHINGTON, Feb. 2 (UPI) -- Is what is happening in Egypt today, and Tunisia earlier, the harbinger of viral unrest with consequences akin to the French Revolution of 1789 or the Russian Revolution of 1917 but in real time?
In Egypt, an uprising FED by inflation
WASHINGTON, Feb. 1 (UPI) -- Last Wednesday, the Federal Reserve of the United States released a mixed-bag statement of the Federal Open Market Committee's assessment of the domestic economy.
Egypt and stagflation
COLLEGE PARK, Md., Feb. 1 (UPI) -- Events in Egypt aren't the only risk to the global economic recovery -- confidence about sovereign debt and slowing growth in Japan and Europe already pose real risks. And stagflation is peeping over the horizon.
It's time to think, not spend, our way out of danger
WASHINGTON, Jan. 26 (UPI) -- The traditional U.S. solution to military threats has generally been to spend rather than think our way clear of danger. That should change.
The State of the Union and Obama's legacy
COLLEGE PARK, Md., Jan. 25 (UPI) -- In his State of the Union address, U.S. President Barack Obama will ask for political comity. Quite a switch from two years ago, when he pronounced elections have consequences and used his majorities in Congress to push through new regulatory and spending initiatives with few concessions to Republicans.
For want of a strategy
WASHINGTON, Jan. 19 (UPI) -- Despite America's penchant for lauding its "exceptionalism," regarding "strategic thinking," this exceptionalism applies to getting that thinking right.
Hu and Obama’s Theater of the Absurd
COLLEGE PARK, Md., Jan. 18 (UPI) -- Chinese President Hu Jintao visits the United States as leader of an industrial juggernaut and heir apparent to American global economic leadership.
WASHINGTON, Jan. 12 (UPI) -- French President Charles DeGaulle cautioned the overly ambitious with the admonition that cemeteries are filled with the indispensable and irreplaceable. Regarding Pakistan, the good general was wrong.
New pro-business Obama administration or just a big smooze?
COLLEGE PARK, Md., Jan. 11 (UPI) -- By appointing Bill Daley as his chief of staff, U.S. President Barack Obama hopes to present a centrist face to voters skeptical about his commitment to free enterprise.
COLLEGE PARK, Md., Jan. 6 (UPI) -- Economists expect the U.S. Labor Department to report Friday that the U.S. economy added 140,000 jobs in December, barely enough to hold unemployment steady at about 9.8 percent and far less than should be expected 18 months into an economic recovery.
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A staffer organizes signs before a GOP press conference in response to President Obama's Budget in Washington
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