Tag: US economy

JPMorgan boss says depressing wages for low-paid workers is not good for business – ABC News (Australian Broadcasting Corporation)

ACTU secretary Sally McManus has a surprising ally in one of the world’s most powerful bankers in her fight against pay cuts

Source: JPMorgan boss says depressing wages for low-paid workers is not good for business – ABC News (Australian Broadcasting Corporation)

‘People aren’t spending’: stores close doors in ‘oversaturated’ US retail market | US news | The Guardian

Boarded-up shops are a common sight in cities across the country as Macy’s, Sears and JCPenney struggle and Credit Suisse downgrades the retail sector

Source: ‘People aren’t spending’: stores close doors in ‘oversaturated’ US retail market | US news | The Guardian

Noam Chomsky Makes a Prediction for the U.S. Economy No One Can Afford to Dismiss | Alternet

Legendary linguist Noam Chomsky has a warning for Donald Trump’s supporters; the Trump bump in the market is waning. “Anti-establishment is kind of a joke,” Chomsky concluded. “Take a look at Trump and take a look at who’s appointed for the cabinet.” Treasury Secretary Steve Mnuchin, for example, “comes from Goldman Sachs, a major investment firm where he was for almost 20 years,” Chomsky observed.

Source: Noam Chomsky Makes a Prediction for the U.S. Economy No One Can Afford to Dismiss | Alternet