The Puerto Rico disaster continues on all these months later as the U.S. island territory still struggles with lack of power and water shortages, while the U.S. mainland efforts to help have either been insufficient or rife with ineptitude and corruption.
The greenback is off to a terrible start in 2018. The U.S. Dollar Index, which measures the U.S. dollar against a basket of foreign currencies, is at $0.8889 and has fallen roughly 3.5% since the start of 2018. Over that same time frame, the pound sterling has advanced more than five percent and the euro-to-dollar (more…)
The U.S. newspaper industry is observing a decline these days as it is shifting from print to digital publishing. In the competition of print vs. digital, the digital sector is moving toward progress. The forecast for 2015 to 2020 predicts that the digital platform will grow by 9.8% annually and the non-digital platform will experience (more…)
California’s poverty rate has reached the highest value among all U.S. states. There are two ways to measure poverty; the first one accounts for cost-of-living in different states, while the other does not. The more accurate of the two is the method that accounts for living costs, the Supplemental Poverty Measure (SPM), introduced by the (more…)
Iowa Senators have proposed to trim the state’s current fiscal budget by $52.0 million. Presently, the senate house is majority-represented by the Republican Party. With this decision, there has been a lot of pushback from Democratic senators and those who would be impacted by the proposed Iowa budget cuts.
The North Carolina unemployment rate has climbed to 4.5%, the highest level it’s reached in the past seven months, and nearly one-tenth higher than the national average of 4.1%. The North Carolina jobless rate hit some industries harder than others, with the overall workforce declining as well, compared to October. The North Carolina job losses (more…)
Back in the not-so-distant past, the U.S. was a top travel destination. It wasn’t just Disney World that was the happiest place in the world people wanted to visit. Not anymore. Since Donald Trump took office, inbound tourism into the U.S. has fallen sharply. The latest data from the National Travel and Tourism Office shows (more…)
The Maryland unemployment rate in December 2017 rose unexpectedly. An estimated 20,200 Maryland job losses occurred in December as the unemployment rate inched up to four percent from 3.9% in November. Meanwhile, the Maryland labor force declined by 14,776 to 3,230,359.
The North American Free Trade Agreement (NAFTA), if not aware, is an agreement signed by the United States, Canada, and Mexico to eliminate trade barriers among the three countries. NAFTA came into being on January 1, 1994, and since then, U.S. trade with its North American neighbors has grown more than three times than U.S. (more…)
Coal production was in a boom last year as demand for coal export was high. But in 2018, the U.S coal industry is supposed to decline due to a dip in coal export. Other factors like cheap natural gas, coal plant retirements, and coal industry job losses are supporting the U.S. coal industry decline in (more…)