Manufacturing is now the smallest share of the United States economy that it has been in 72 years.
In 2019, Singapore wins the coveted “most competitive economy” title, with a 84.8 score on the GCI.
Once there’s a warning that a storm is inbound and likely to take out the power in your area, it’ll be too late. Stock up throughout the year, when things go on sale. Not only will you save money, but you will also already be prepared for the power outage and won’t have to rush to the store.
There is no reason why meritocracy can’t be compatible with an agenda focused on reducing poverty. However it may require abandoning the myth that every difference in outcome is the result of government not doing enough, or discrimination of some kind.
The truth is that most American families are deeply struggling, but you hardly ever hear this from the mainstream media. Yes, about 10 percent of all American workers are making $100,000 or more a year, but most of those high paying jobs are concentrated in the major cities along the east and west coasts. For much of the rest of the country, these are very challenging times as the cost of living soars but their paychecks do not. According to the Social Security Administration, the median income in the United States last year was just $32,838.05. In other words, 50 percent…
The latest CER report notes that excluding the US from the analysis reduces the estimated hit from 2.9% to 2.2%, while excluding Germany (and thus increasing the weight on the US) increases it to 3.4%. As result, ‘because of this rising degree of error, this will be the last update in the CER series on the cost of Brexit’.
The whole of agri-food sector exports to the EU comprise only 1% of output of goods and services in Northern Ireland or in other words 4% of sales to the outside world. Even so, almost one billion pounds of business is at stake and 5,000 jobs could be at risk plus parts of farmer’s incomes if the whole sector were to go under.
The structural tax cuts would replace the Low-Middle Income Tax Offset (LMITO), which does nothing to improve economic efficiency, and will cost the budget about 10% more than expected. Further, all future federal governments should follow the lead of the UK Treasury in using dynamic tax analysis to give accurate information on economic efficiency and revenue estimates.
In addition, unfunded liabilities, like medical care and pensions, are at least $300 trillion globally. If we add gross derivatives of $1.5 quadrillion, which are likely to turn into real debt as counterparties fail, the total debt and liabilities are above $2 quadrillion.