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After COVID-19 closures, economy is returning with a whimper, not a roar

What if you reopened the economy and nobody shopped? It’s still way too early to measure the economic effects of several states allowing the reopening of retail stores, restaurants, salons, gyms, doctors’ offices, and other businesses that have been hit hard by stay-at-home orders because of the COVID-19 pandemic. Evidence is based on anecdotes rather […]

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Inequality in the Trump economy keeps getting worse

Every month when the Bureau of Labor Statistics releases its monthly jobs report, Donald Trump and Republicans crow about the economy and the low unemployment rate. And every month, too many Americans wonder when they’re going to start feeling the effects of that “great economy.” A recent study on poverty and a new way of […]

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Manufacturing slump undercuts Trump claims of economic strength

Of all the ridiculous arguments Donald Trump makes for his reelection, perhaps none is repeated more often than his claim that the U.S. economy is “the greatest economy in the history of our country.” The claim is gibberish, of course, which is why the claim (or some variation thereof) continually rates three out of four […]

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When will the media finally admit that the Trump economy hasn’t been ‘great’?

Throughout the presidency of Donald Trump, the media has parroted the GOP talking point that the economy is “great” (or “booming” or “strong” or “humming along” or whatever word Republicans happened to be using on any given day). Never mind the fact that the economy Trump inherited from President Obama was doing pretty well, thank […]

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Retail apocalypse: Too many stores (and jobs) are going, going, gone

Barely a week goes by when we don’t hear about another chain of retail stores declaring bankruptcy or slashing the number of stores nationally. We’re only a third of the way through 2019, and already U.S. retailers have announced the closure of nearly 6,000 stores — 5,994, to be exact. That’s already more than the 5,864 […]

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The YUGE job losses Trump is ignoring: retail workers

This is not a good time to have a job in the retail industry. If you’ve been to a shopping mall recently, you may have noticed that many storefronts are empty. Stores that are still open aren’t crowded, and there are plenty of spaces in the parking lot. About one in every 10 American workers […]

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A Trump presidency would wreck the world’s economy. Ask investors

Many economists already have weighed in about what would happen to the U.S. and the world economy if Donald Trump were elected president. Most give a thumbs down to his proposals and policies of massive tax cuts and trade restrictions (and we’re using the term “policies” loosely), but a new academic study was able to […]

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