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Economics of the US Economy (econusa) group

  1. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Friday, 18-Sep-2020 20:23:47 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    • Small Business, Owner-managed business, family-owned business, locally-owned business
    US #CensusBureau "Pulse" survey:

    * 55.0% of US !smallbiz did not furlough or lay off any paid employees after 2020-03-13

    * 44.5% have experienced a moderate negative effect from the #COVID-19 pandemic

    * 43.9% believe that more than 6 months will pass before business returns to normal

    * 48.2% of US retail trade businesses experienced domestic supplier delays in the past week.

    !econusa
    In conversation about 7 months ago from web permalink
  2. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Friday, 17-Jul-2020 21:55:37 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    https://www.nytimes.com/2020/06/17/upshot/coronavirus-spending-rich-poor.html [www nytimes com]

    Richest Americans cut spending the most, causing a trickle-down meltdown that hurt the working poor.

    #COVID-19 | #2019-nCoV | #SARS-CoV-2 | #coronavirus | !econusa
    In conversation about 9 months ago from Shoyu permalink

    Attachments

    1. The Rich Cut Their Spending. That Has Hurt All the Workers Who Count on It.
      from By Emily Badger and Alicia Parlapiano
      The steepest declines in spending during the coronavirus recession have come from the highest-income places.
  3. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Wednesday, 17-Jun-2020 16:58:22 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    https://nu.federati.net/url/270673

    #Census data shows impact of #COVID-19 and shutdowns on #Smallbiz. !econusa
    In conversation about 10 months ago from Shoyu permalink

    Attachments

    1. The Impact of Covid-19 on Small Business Owners: Evidence of Early-Stage Losses from the April 2020 Current Population Survey | SIEPR
      Social distancing restrictions and demand shifts from COVID-19 are expected to shutter many small businesses, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using nationally representative data from the April 2020 CPS – the first month fully
  4. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Sunday, 14-Jun-2020 23:40:02 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    !econusa Economic recovery may be slowed if #COVID-19 measures implemented unevenly. https://nu.federati.net/url/270574 [www marketwatch com]
    In conversation about 10 months ago from Shoyu permalink

    Attachments

    1. Fed’s Kaplan worries economy’s recovery may be slowed if coronavirus health practices remain ‘uneven’
      from Greg Robb
      Dallas Fed President Robert Kaplan said Sunday health-care procedures to combat the coronavirus were just as important as government funding for the nascent...
  5. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Friday, 05-Jun-2020 20:37:05 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    2.5 million jobs added in May, #unemployment rate falls. https://nu.federati.net/url/270260 [www wgrz com]

    This was contrary to what most economists expected. !econusa
    In conversation about 10 months ago from Shoyu permalink

    Attachments

    1. Unemployment rate falls to 13.3% as US adds 2.5 million jobs in May
      The May job gain suggests that businesses have quickly been recalling workers as states have reopened their economies.
  6. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Monday, 25-May-2020 23:30:10 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    California retailers to be allowed to reopen https://abc7.com/business/california-to-allow-shopping-at-retail-stores-to-resume/6210809/ [abc7 com]

    #COVID-19 | #2019-nCoV | #SARS-CoV-2 | #coronavirus disease 2019
    !econusa
    In conversation about 11 months ago from Shoyu permalink

    Attachments

    1. Coronavirus: California to allow shopping at retail stores to resume, LA County to update health order
      from @abc7
      Officials announced they will update a health order to now allow all retailers to open in L.A. County. The announcement comes after officials said in-store shopping will be allowed throughout the state.
  7. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Monday, 18-May-2020 05:25:08 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    in reply to
    • Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    Okay, that was definitely worth reading. Adding the !econusa bangtag, so anyone interested in the US economy (group members) can see it.

    https://themargins.substack.com/p/doordash-and-pizza-arbitrage
    In conversation about a year ago from Shoyu permalink

    Attachments

    1. Doordash and Pizza Arbitrage
      from Ranjan Roy
      There is such a thing as a free lunch
  8. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Wednesday, 06-May-2020 03:14:52 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    https://nu.federati.net/url/268804 [www irishexaminer com]

    The pandemic and its related economic crisis could spur a new direction in governance.

    #COVID-19 | #2019-nCoV | #SARS-CoV-2 #coronavirus disease 2019 !econusa
    In conversation about a year ago from web permalink

    Attachments

    1. Kyran Fitzgerald: History suggests pandemic misery prompts New Deal economic thinking
      Global plagues and slumps leave human misery in their wake, but can also lead to major economic reforms, writes Kyran Fitzgerald
  9. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Saturday, 25-Apr-2020 18:56:07 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act !econusa

    The Smoot-Hawley Tariff Act of 1930 is widely believed to have worsened and lengthened the Great Depression.
    In conversation about a year ago from Shoyu permalink

    Attachments

    1. Smoot–Hawley Tariff Act
      The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods.The tariffs under the act, excluding duty-free imports (see Tariff levels below), were the second highest in United States history, exceeded by only the Tariff of 1828. The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Depression. Economists and economic historians have a consensus view that the passage of the Smoot–Hawley Tariff exacerbated the Great Depression. Sponsors and legislative history In 1922, Congress passed the Fordney–McCumber Tariff Act, which increased tariffs on imports. The League of Nations' World Economic Conference met at Geneva in 1927, concluding...
  10. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Saturday, 18-Apr-2020 16:24:11 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    • Small Business, Owner-managed business, family-owned business, locally-owned business
    Economy: The #twin_parties' leadership stalls effort to replenish #COVID-19 related !smallbiz relief funds. !econusa

    https://nu.federati.net/url/267761 [news yahoo com]
    In conversation about a year ago from web permalink

    Attachments

    1. Senators say leaders from both parties are stopping renewal of small business relief for coronavirus
      from @jonward11
      The $350 billion Paycheck Protection Program to aid small businesses is reportedly already used up, and leaders of both parties blame the other for holding up additional funding
  11. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Tuesday, 14-Apr-2020 22:59:32 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    https://nu.federati.net/url/267522

    !econusa
    In conversation about a year ago from web permalink

    Attachments

    1. Stimulus checks: IRS rolls out new website to help non-filing Americans receive emergency payments
      from Jessica Menton
      The Treasury Department and the Internal Revenue Service launched a new web tool on Friday that will allow Americans to register for stimulus payments.
  12. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Saturday, 04-Apr-2020 18:07:38 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    • Brandon Hall
    @bthall@bikeshed.party sent me this: https://nitter.net/DorsaAmir/status/1246077693889851392#m !econusa
    In conversation about a year ago from Shoyu permalink

    Attachments

    1. Invalid filename.
      Dorsa Amir (@DorsaAmir)
      Someone added the GameCube intro to my unemployment graph & it’s significantly better now.
  13. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Thursday, 19-Mar-2020 05:32:37 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    Interesting figures on tax avoidance and its cost to our government & society. https://qoto.org/@freemo/103847952481183612

    I have not attempted to verify any figures.

    !econusa
    In conversation about a year ago from web permalink

    Attachments

    1. freemo: Interesting fact of
      from 🎓 Dr. Freemo :jpf: 🇳🇱
      Interesting fact of the day: In the USA current estimates have the total Tax Avoidance of the top 1% wealthy at 500 million per year collectively or 5 trillion per decade. By comparison the total tax avoidance of all the middle class and poor who work under the table totals about 2 trillion per year, four times more. Remind me again how the rich avoiding taxes are the main problem? Sources: https://www.cnbc.com/2019/11/19/tax-avoidance-by-the-rich-could-top-5-trillion-in-next-decade.html https://www.npr.org/2013/03/26/175361658/trillions-earned-under-table-as-more-work-off-radar?t=1584593997100 #uspol
  14. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Monday, 16-Mar-2020 17:07:16 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    • Small Business, Owner-managed business, family-owned business, locally-owned business
    https://nu.federati.net/url/265692 [www msn com]

    President Trump and Congress working on another Paid Sick Leave bill for the #COVID-19 / #2019-nCoV / #SARS-CoV-2 #coronavirus outbreak ... this one sounds like it may pass. But it doesn't require large companies (the ones with the most resources) to match the requirements it places on smaller and medium size businesses. (Tax credits for smaller businesses) ... I'd also prefer to see them just send small and medium sized businesses #SMBs a check (or send it directly to the affected employees) instead of putting even more complexity in the tax code.

    !econusa
    !smallbiz
    In conversation about a year ago from web permalink

    Attachments

    1. Paid sick leave: Who gets it during the coronavirus outbreak
      Most of America’s nearly 159 million workers will get access to some paid time off if they or their family are impacted by the coronavirus. Here’s a rundown of how it works.
  15. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Monday, 16-Mar-2020 01:11:03 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    5:15 pm: Fed cuts rates to zero and launches a massive $700 billion quantitative easing program

    The Federal Reserve, saying "the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States," cut interest rates to near-zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.

    Facing highly disrupted financial markets, the Fed also slashed the rate of emergency lending at the discount window for banks by 125 bps to 0.25%, and lengthened the term of loans to 90 days.

    The new fed funds rate, used as a benchmark both for short-term lending for financial institutions and as a peg to many consume rates, will now be targeted at 0%-0.25%. —Steve Liesman

    https://nu.federati.net/url/265649 [cnbc]

    #COVID-19 #2019-nCoV #coronavirus #SARS-CoV-2 !econusa
    In conversation about a year ago from web permalink

    Attachments

    1. Coronavirus updates: Fed slashes rates to shore up economy, US stock futures plunge
      from https://www.facebook.com/CNBC
      Stock futures tanked in overnight trading on Sunday, triggering "limit down" levels to reduce panic in markets.
  16. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Tuesday, 18-Feb-2020 23:06:11 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    https://www.politico.com/story/2018/12/03/this-day-in-politics-december-3-1027800 [politico] The breakup of Standard Oil was an event of historic national significance. I wish today's #pollies would grapple with big corporations and their lawyers and lobbyists to bust up some monopolies, oligopolies, monopsonies, oligopsonies. I think the US economy would benefit. !econusa
    In conversation about a year ago from AndStatus permalink

    Attachments

    1. Theodore Roosevelt assails monopolies, Dec. 3, 1901
      “Great corporations exist only because they are created and safeguarded by our institutions,” the president declared.
  17. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Monday, 06-Jan-2020 17:42:08 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    • SAINC
    @1iceloops123 > i don’t want to work for money either

    Working in order to take care of yourself and supply the things you need is a good thing. Economists tell us that people’s wants are unlimited, but the resources to fulfill those wants are not.

    The issues in the US are mostly related to pay scales not keeping up with living costs. In 1980, minimum wage was around $3/hour, the median income was almost $18,000/year, and a new home cost about $75,000. Now, federal minimum wage is still only $7.25/hour, the median income is about $65,000/year, and the average home costs almost $245,000. And of course, certain corporate leaders are paid at rates so high that they make no sense at all.

    http://www.1980sflashback.com/1980/economy.asp

    https://www.zillow.com/home-values/

    https://www2.census.gov/programs-surveys/demo/tables/p60/266/tableA1.xls

    !econusa
    In conversation about a year ago from Shoyu permalink

    Attachments

    1. 1980s Flashback-Economy / Prices    
  18. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Saturday, 28-Dec-2019 19:01:55 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    WaPo: "... no president since World War II has lost reelection when unemployment was below 7.4 percent." https://nu.federati.net/url/254352 [washington post]

    Is that really true? I haven't checked yet. I realize that wallet issues are life issues, but I'd expect other major issues to occasionally outweigh the economy.

    !econusa #politics #federal_reserve #trade_war #tariffs
    In conversation about a year ago from web permalink
  19. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Saturday, 28-Dec-2019 15:33:21 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • SoCal: Southern California
    • Economics of the US Economy
    Study: #Los_Angeles area rents rose an average of 65% in 10 years, vs 36% nationwide. https://nu.federati.net/url/254345 [abc7 . com]

    And that, my friends, is why this is not such a great place to live any more. The golden state #California is corroding faster than an imported wedding ring.

    !econusa !SoCal #housing #real_estate #CA
    In conversation about a year ago from Shoyu permalink
  20. Nobody [LinuxWalt (@lnxw48a1)] (lnxw48a1@nu.federati.net)'s status on Wednesday, 18-Dec-2019 06:22:07 UTC Nobody [LinuxWalt (@lnxw48a1)] Nobody [LinuxWalt (@lnxw48a1)]
    • Economics of the US Economy
    According to ZipRecruiter, US-BLS stats show no sign that AI / robots are replacing human jobs. https://public.flourish.studio/visualisation/1044779/embed?auto=1

    !EconUSA
    In conversation Wednesday, 18-Dec-2019 06:22:07 UTC from web permalink
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Economics of the US Economy

Economics of the US Economy

Washington, DC, USA

https://www.bls.gov/news.release/empsit.toc.htm

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