Source: Wall Street Journal
News
March 16, 2017
"In places such as New York and San Francisco, which offer the greatest array of high-paying jobs, rents and home prices have shot up beyond the reach of many young workers. The squeeze has even affected the Bay Area’s amply compensated technology workers, whose salaries often aren’t enough to offset the rapidly rising rents and housing costs. Technology workers who own a home in Seattle, by contrast, can expect to have about $2,000 more of disposable income left over each month after paying housing costs and taxes than those who live in San Francisco, according to a new analysis by Zillow and LinkedIn Corp. released Thursday."
News
Feb. 28, 2017
The latest figures are a marked deceleration from the third quarter’s 3.5% pace, which had been the strongest reading in two years. They are, however, broadly in line with an economy that has, through ups and downs, settled at a roughly 2% growth pace since the recession ended.
News
Feb. 28, 2017
Republicans chose the damaging 13 rules based on a conventional reading of the CRA, which allows Congress to override regulations published within 60 legislative days, with simple (50-vote) majorities in both chambers. Yet the more scholars examine the law, which had only been used successfully once before this year, the clearer it is that the CRA gives Congress far more regulatory oversight than previously supposed. . . A third discovery could be the most important. The opening words of the CRA read: “Before a rule can take effect” the federal agency in question must submit a Congressional report. No one has tested the legal limits of this provision, but a fair reading suggests the Trump Administration could declare any rule for which a report has not been submitted to be null and void.
News
Feb. 27, 2017
Orders for long-lasting factory goods climbed last month due to purchases of military and civilian aircraft, overshadowing a weak start to 2017 for business investment in new equipment.
News
Feb. 3, 2017
Employers added 227,000 jobs in January, the best gain since September, the Labor Department said Friday. That was significantly higher than last year’s average monthly gain of 187,000 jobs. . . the jobless rate—or the share of Americans in the labor force who are unemployed—rose to 4.8% from 4.7% a month earlier. More Americans came off the sidelines and actively looked for work. That helped to raise the count of unemployed but it could be a sign of increased optimism about the prospect of finding jobs.
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