Tag: Economy

Could Hampton Roads support casinos in three local cities?

Please enable Javascript to watch this video HAMPTON, Va. – Could Hampton Roads support casinos in three local cities? A new study says yes. A consulting firm, The Innovation Group, spearheaded the study and presented their findings before the Hampton City Council on Wednesday. Hampton is just the latest city to consider building a casino. […]

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Mexico Deserves Better Than Andrés Manuel López Obrador

Another year, another stream of sensationalist headlines out of Mexico: drug violence, femicide, the ongoing migrant crisis, and an economy that continues to fall short of its potential. All these problems existed before Mexico’s new president Andrés Manuel López Obrador took office last December. Yet in the past year, it has become increasingly clear that […]

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More than 9,300 stores closed in 2019

2019 was another bruising year for many American retailers, despite healthy consumers and a strong economy. This year, US retailers announced 9,302 store closings, a 59% jump from 2018 and the highest number since Coresight Research began tracking the data in 2012. Bankruptcies in the retail sector intensified this year and many struggling chains cut stores. That […]

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The New Behemoths of Health Care Bureaucracy

What are the ten biggest companies in the United States? Put that question to a group of younger people and they’re likely to rattle off tech giants like Google, Amazon, and Facebook. Older people might mistakenly believe that manufacturing still leads the pack with postwar goliaths such as Ford or General Electric. Oil companies (ExxonMobil, […]

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Millennials Have a Right To Be Pissed at Boomers. This Data Proves It.

Want the best of VICE News straight to your inbox? Sign up here. Just how badly are millennials being screwed out of wealth? Let’s take a look at the data. The Federal Reserve regularly publishes data on the generational gaps in wealth. The boomers have plenty of it, and millennials don’t. That’s no surprise — […]

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Portsmouth officials to announce casino partnership

PORTSMOUTH, Va. – On Monday morning, a casino partnership will be announced by the City of Portsmouth, according to city officials.  The partnership will be announced at 10 a.m. at the City Council Chamber at 801 Crawford Street following a city council work session. Details of the announcement are not known yet, but it will […]

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How Baby Boomers Have Killed the Manhattan Power Lunch

You know what sounds great? Plowing through three martinis and an overpriced steak at an upscale Midtown Manhattan restaurant on a Wednesday afternoon, all on the company dime and under the vague guise that I’m sourcing up, entertaining clients, or maybe just brainstorming ways to save the world with my remarkably drunk boss. Unfortunately, most […]

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Newport News mayor to spotlight local companies, falling crime at State of the City address

× Newport News mayor to spotlight local companies, falling crime at State of the City address NEWPORT NEWS, Va. – When the mayor of the Peninsula’s largest city takes the stage Tuesday for his State of the City address, he’s hoping those who work and live in Newport News will buy in on the positive changes […]

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Spreading the Gospel of Modern Monetary Theory

The government can spend much more money than it currently does, even given a swelling national debt that frequently makes headlines. That’s the argument that has put Modern Monetary Theory (MMT) at the center of macroeconomic discourse over the past few years—the idea driving often heated debates between some of the most prominent voices in […]

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The Enduring Myth of “The Economy”

In 1992, James Carville scrawled a slogan on a whiteboard in Bill Clinton’s presidential campaign headquarters. “It’s the economy, stupid,” has since become famous as a piece of blunt, homespun political wisdom. But I have to admit, it always confused me. Carville meant it as a rebuke to any members of the Arkansas governor’s staff […]

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I Worked at Capital One for Five Years. This Is How We Justified Piling Debt on Poor Customers.

The first thing you should know about a woman I know, who I’ll call Annie, is that she volunteers to sit at the hospital with people who are going to die alone, who have no family or friends to be with them during their last moments. “It’s obviously sad,” she told me, “but I feel […]

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The Political Overreaction to Walmart’s P.R. Strategy

Tuesday was a pivotal day in American history, judging from certain corners of the political commentariat. That morning, Walmart CEO Doug McMillon declared that “the status quo is unacceptable,” announcing the company would cease selling handguns, assault-weapon ammunition (it already stopped selling the weapons themselves), and politely discourage its customers from openly carrying guns in […]

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The Fall of the Meritocracy

In 1958, sociologist Michael Young wrote a dark satire called The Rise of the Meritocracy. The term “meritocracy” was Young’s own coining, and he chose it to denote a new aristocracy based on expertise and test-taking instead of breeding and titles. In Young’s book, set in 2034, Britain is forced to evolve by international economic […]

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The New American Homeless

Last August, Cokethia Goodman returned home from work to discover a typed letter from her landlord in the mailbox. She felt a familiar panic as she began to read it. For nearly a year, Goodman and her six children—two of them adopted after being abandoned at birth—had been living in a derelict but functional three-bedroom […]

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Do Democrats Have a Plan for the Next Recession?

The recession alarm bells are sounding. Anxiety about the direction of the global economy has been growing for some time, amid concern about President Trump’s trade war with China, economic slowdowns in major economies like China and Germany, and Brexit. On Wednesday, the country received perhaps the strongest signal yet of an upcoming recession when […]

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QOTD: Thinking Small Again?

<img data-attachment-id="1594126" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range.jpg" data-orig-size="1280,961" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="2018 Ford Europe Fiesta range" data-image-description=" Image: Ford ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-450×338.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-610×458.jpg” class=”aligncenter wp-image-1594126 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-610×458.jpg” alt=”2018 Ford Europe Fiesta range – Image: Ford” width=”610″ height=”458″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-610×458.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-75×56.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-450×338.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-768×577.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range-120×90.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/Ford-of-Europe-Fiesta-range.jpg 1280w” sizes=”(max-width: 610px) 100vw, 610px”> If the global economy were weather, yesterday […]

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Ford and GM Prep for Economic Hardship

<img data-attachment-id="1684824" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377.jpg" data-orig-size="1000,600" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="ford mustang chevrolet camaro" data-image-description=" Sergey Akhrameev/Shutterstock ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-450×270.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg” class=”aligncenter size-large wp-image-1684824″ src=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg” alt width=”610″ height=”366″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-610×366.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-75×45.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-450×270.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-768×461.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377-120×72.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2019/08/shutterstock_1405170377.jpg 1000w” sizes=”(max-width: 610px) 100vw, 610px”> With another global recession looming on the horizon, executives at General Motors and Ford are […]

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The Cruelty of Trump’s Attack on Food Stamps

As a candidate, Donald Trump frequently promised to “fix” poverty. As president, he has continued to make a big show of concern for poor Americans. “We want to lift every American family out of poverty and into a future of hope and opportunity,” he said recently. For the past few months, Trump has bragged—with a […]

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New York’s Invisible Climate Migrants

When Harold Jones first bought his home in Canarsie in 1991, he was struck most by the tall trees lining the street. Today, he’s more struck by the “For Sale” signs standing in their place. The trees went first, and quickly. During Hurricane Sandy in 2012, the waters of the Jamaica Bay inlet that borders […]

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An Economy in Waiting

The 2020 Democratic field now teems with proposals to mitigate rampaging wealth and income inequality, from Kamala Harris’s plan to increase tax credits for low- and moderate-income families to Elizabeth Warren’s wealth tax. Such plans overlook, however, the principal set of relations that skew American capitalism upward: the ownership and operational control of business enterprises.
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