Tag: economic performance
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Opinion | A Modified, Limited Good Jobs Report
[ad_1] Updated Jan. 5, 2024 7:03 pm ET It’s an election year, so every economic report is going to be filtered through the lens of political benefit. President Biden thus celebrated Friday’s Labor Department report that employers added a solid 216,000 jobs in December, but below the top line there are signs of a softening…
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Opinion | The Supreme Court’s Road to El Dorado
[ad_1] The Supreme Court on Tuesday will hear what could be a landmark property-rights case (Sheetz v. County of El Dorado) with major economic implications. The question is simple: Can governments use building permits to extort property owners? George Sheetz in 2016 applied for a permit from El Dorado County to build a small home…
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Opinion | The Fed Won’t Try to Boost Biden
[ad_1] The central bank has only once changed its policy to help elect a presidential candidate: Nixon in 1972. [ad_2] Source link
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Opinion | Jay Powell’s Mixed Price Signals
[ad_1] Everyone expects the Federal Open Market Committee (FOMC) to hold firm on its interest-rate target when it announces the results of its policy meeting on Wednesday, and the latest price signals suggest that’s the right stance. The consumer-price index for November showed Tuesday that inflation still isn’t vanquished, and the Fed will do better…
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Opinion | Georgia’s Flat Tax Advances
[ad_1] State governments aren’t known to run ahead of schedule, but Georgia lawmakers plan to deliver early on a promised tax cut. The acceleration is made possible by another state budget surplus. As Gov. Brian Kemp put it, “this is what happens when you budget conservatively.” The Governor announced the updated tax cuts Monday to…
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Opinion | Newsom’s California Tax Whopper
[ad_1] Thursday night’s debate on Fox News between Gavin Newsom and Ron DeSantis was instructive on many levels. While the Florida Governor stressed his superior record on crime, schools and the economy, Mr. Newsom focused on progressive cultural themes. But one of Mr. Newsom’s economic howlers shouldn’t pass without contradiction. The Governor proudly defended his…
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Opinion | The British Tories’ Desperation Budget
[ad_1] United Kingdom Chancellor Jeremy Hunt on Wednesday unveiled a new budget, and what do you know. He and Prime Minister Rishi Sunak have finally realized they need faster economic growth. But it’s probably far too little and way too late. This week’s Autumn Statement marks the last opportunity Messrs. Sunak and Hunt are likely…
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Opinion | Government Jobs Are Doing Fine
[ad_1] President Biden took his usual victory lap after the latest jobs report on Friday, boasting that he’s “growing the economy from the middle out.” The catch is that he means it too literally, as government jobs drove a third of the gains. The bigger news was the labor market slowdown in the private economy.…