BUSINESS

Donald Trump Has a Job For You… Toiling on Eric’s Virginia Vineyard for $10 an Hour

Is this what Donald Trump means about creating U.S. jobs? Son Eric Trump has hung out a help wanted sign at his Virginia vineyard, but no Americans have agreed to stoop–literally–for the work, so he’s seeking foreigners. Eric’s predicament highlight’s the fallacy of his father’s immigration policy. Federal agents are furiously rounding up illegal immigrants while simultaneously making it more difficult to enter the United States legally.... Read More...

Donald Trump Economy Boasts Hollow; Signals Point to Recession This Year

Donald Trump has one thing going for him amid all his troubles, he inherited President Obama’s fairly robust economy. He’s boasted about both the stock market and the latest jobs report, claiming credit for both. But a number of significant signals point to a recession later this year, possibly as early as the second quarter. The evidence has been mounting for sometime now, despite the stock market’s historic run up . The latest data, released today does nothing to dim the prospects of a downturn.... Read More...

Trump Tied to Rogue German Bank Accused of Laundering Russian Money

Donald Trump and members of his family have deep ties to a German bank that’s at the center of a U.S. Justice Department investigation for laundering Russian money. The bank has loaned Trump hundreds of millions of dollars for real estate projects under “unusual circumstances,” according to bankers with knowledge of the loans. The scandal presents a huge conflict of interest for the president and puts huge pressure on incoming Attorney General Jeff Sessions, a close Trump ally.... Read More...

Donald Trump’s Big Lie: Why He Won’t Bring Back Manufacturing Jobs

Donald Trump will never be able to bring back manufacturing jobs, a campaign promise that helped him win traditionally Democratic states like Michigan and Pennsylvania and propel him into the White House. It was a false promise from the get go, and a new study shows why. Aside from Trump’s Ohio Carrier plant public relations stunt, he won’t keep his promise because he can’t, according to a new Brookings Institution study.... Read More...

Donald Trump Saddles Up Four Horsemen for Looming Environmental Apocalypse

Donald Trump is carrying out his plans for unlimited fossil fuel production with the selection of four top cabinet picks who will lead the United States into an environmental Apocalypse in an effort to extract every last dollar of energy from the earth. The nefarious gang of four includes Rick Perry as Energy Secretary, Scott Pruitt as Environmental Protection Secretary, Cathy McMorris Rodgers as Interior Secretary and ExxonMobil CEO Rex Tillerson as Secretary of State.... Read More...

Trump Accused Goldman Sachs of Rigging Economy, Now It’s Running Economy

Donald Trump blasted Hillary Clinton and her Wall Street pals for “rigging” the economy against the American people during the election campaign But with his latest economic appointment Trump has effectively turned the economy over to Wall Street. In his latest move, Trump has tapped Goldman Sachs President and Chief Operating Officer Gary Cohn to head the National Economic Council, which advises the president on economic policy.... Read More...

Trump Private Sector Meddling Veers Into Russian Style Government Paternalism

Donald Trump is signaling that he intends to lord over the private sector with a heavy-handed Russian-style paternalism that will reward, or punish, corporations based on the degree they support his broader political objectives. Far from freeing the private sector from government shackles, the new Trump administration appears intent on meddling, at will, with business decisions that once were the reserve of corporate executives and their boards... Read More...

With Donald Trump Tax Breaks, Corporate CEOs Plan to Line Their Own Pockets

Donald Trump is planning a massive corporate tax cut that he says will create new jobs and prompt companies to repatriate more than $1 trillion stashed overseas. But a new study predicts that CEO’s will choose to line their own pockets instead through massive stock buybacks. Corporations have been sitting on record amounts of cash for years and the pile is only going to get bigger. ... Read More...