The UN World Tourism Organization (UNWTO) has reported that during Donald Trump’s presidency, U.S. tourism declined by four percent in the first half of 2017, compared with the year before. The UNWTO has estimated a loss of $194.0 million per week for the U.S economy, bringing down the U.S.’s position in the World Tourism Rankings (more…)
In the U.S., sick employees in the workplace results in billions of dollars annually in lost productivity. In fact, according to the Centers for Disease Control and Prevention (CDC), U.S. productivity loss due to chronic conditions, which are largely preventable, costs U.S. employers’ losses due to lost productivity totaled over $153.0 billion annually. While chronic (more…)
Unemployment is down and stocks are at record levels, but the so-called economic recovery isn’t helping out most Americans. In fact, thanks to rising costs and stagnant wages, the vast majority can’t afford a $1,000 emergency expense. According to a new report, just 39% of Americans are flush enough to be able to cover a (more…)
One promise Donald Trump had during his campaign trail was to be more forgiving on corporate and personal income taxes if he won. Trump’s pro-business views resulted in stock markets trading higher in new all-time-high territory. Trump made his plan a reality when he signed off on the new tax reform bill on December 22.
The U.S. Department of Housing and Urban Development (HUD) released its annual “Point-in-Time” count, revealing a homelessness increase in the U.S.—the first time in seven years.
The disappearance of the North American Free Trade Agreement (NAFTA) could result in the United States losing 300,000 jobs. The negative affects would impact all Americans one way or another, through prices for consumer goods and services increasing, stock indexes trading lower, and economic growth slowing.
U.S. Dollar Decline in 2018 The U.S. dollar decline in 2018 has already begun following 2017, the first full year of Donald Trump’s presidency and the currency’s worst year since 2003. The greenback’s value has already fallen two percent this year and is now trading at its lowest level in three years. Meanwhile, Europe’s economy (more…)
Connecticut’s budget deficit increased from $203.0 million to $224.0 million, and it may grow further. Revenue shortfalls caused the most significant budget cuts for Connecticut in this fiscal year. Forecasts predicted a Connecticut budget deficit shortfall of $178.4 million this fiscal year and $147.1 million in 2018-2019. The Federal Medicaid reimbursements contributed towards a major (more…)
West Virginia Job Losses due to Coal Industry Decline West Virginia is experiencing a financial crisis due to the decline of its coal industry. Madison, Boone County, used to be a thriving town for mining jobs and was once the top coal producer in the country. But now, West Virginia’s mine closures have been leading to (more…)
The U.S vehicle industry have observed a decline in sales for the first time since 2009. The expectation of federal rate hikes in 2018 may be contributing toward the decline of U.S auto industry. The Federal Reserve is expected to enact three interest rate hikes this year, which could lead to an auto industry financial crisis. (more…)