Manufacturing production unexpectedly fizzles: No hurricane bounce

Manufacturing production unexpectedly fizzles: No hurricane bounce

By Mike “Mish” Shedlock Industrial production in September rose 0.3% vs an expected gain of 0.2%, but the strength dies there. Economists expected a rebound of 0.4% in manufacturing, led by autos, but the gain was an anemic 0.1%. MarketWatch reports Industrial production climbs 0.3% in September in face of hurricane headwinds. What happened: Most industries […]

Rising debt levels pose danger

Rising debt levels pose danger

By Edmund Contoski / Heartland Institute Global debt levels reached an astronomical $217 trillion in the first quarter of 2017. That’s 327 percent of the entire world’s economic production (GDP.) Before the financial crisis, global debt was “only” around $150 trillion, meaning almost $120 trillion have been added to the debt in a mere decade. For […]

Sears crashes after second largest shareholder resigns from board

Sears crashes after second largest shareholder resigns from board

From Freedom’s Phoenix For those who may have missed it, late last week, in a scenario right out of the last days of Toys “R” Us, some of Bon-Ton Stores’s suppliers reportedly scaled back shipments and asked to be paid sooner in order to protect themselves from potential losses in case the department-store chain unexpectedly […]

In a cashless world, you’d better pray the power never goes out

In a cashless world, you’d better pray the power never goes out

By Ryan McMaken / Mises Wire When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it. Bloomberg reported that the Fed was forced to fly a planeload of cash to the Island to help avert disaster: William Dudley, the New York Fed president, put […]

The end of the road for American truckers is coming into view

The end of the road for American truckers is coming into view

From Technocracy News One-third of America’s $700 billion trucking industry goes to compensate drivers, providing a rich target for Technocrats. UPS, for instance, has increasingly moved from being a trucking company that uses technology, to being a technology company that has some trucks. About 3.5 million people are employed in the U.S. trucking industry. ⁃ TN Editor […]

Tennessee town’s broadband plan may face difficult hurdles

Tennessee town’s broadband plan may face difficult hurdles

By Johnny Campis / Watchdog.org If Newport, Tennessee, moves forward with its plan to build a broadband network while also upgrading its electrical grid, the project will cost nearly $7,000 per potential customer. Newport Utilities recently announced a contract with nearby Morristown Utilities that would involve running fiber between the two towns, with a goal of […]

New York’s clean energy mandates could cost $1 trillion, study says

New York’s clean energy mandates could cost $1 trillion, study says

By Tim Benson / Heartland Institute New York’s Clean Energy Standard (CES), a renewable energy mandate, could cost the state’s ratepayers and businesses close to $1 trillion over the course of the program. That’s the conclusion of a new study from the Manhattan Institute for Policy Research, by Jonathan A. Lesser, president of Continental Economics. The Clean […]

A Whirlpool bailout hurts consumers and taxpayers

A Whirlpool bailout hurts consumers and taxpayers

By David Williams / Taxpayers Protection Alliance Appliance kingpin Whirlpool wants the federal government to step in and give it a competitive advantage over rival washing machine manufacturers. If the Trump administration is serious about ending taxpayer-funded corporate bailouts and draining the swamp, telling Whirlpool to fight its own marketplace battles, as other companies have […]

Here’s a long list of retailers that will be closed on Thanksgiving this year

Here’s a long list of retailers that will be closed on Thanksgiving this year

Many retailers will once again start their Black Friday sales on Thanksgiving Day, but dozens of stores are choosing to keep their doors shut this year. The retailers that are staying closed on Thanksgiving will let their employees spend the holiday with family and friends. RELATED: 25 secret Black Friday shopping tips revealed These retailers […]