Economy

Even CNBC's more liberal anchor wasn't thrilled with newly announced plans from Democratic candidates to tax Wall Street transactions. Reporter Ylan Mui told Squawk Box viewers on May 23 about plans from liberal candidates Sen. Bernie Sanders (I-VT), Sen. Kirsten Gillibrand (D-NY), Sen. Elizabeth Warren (D-MA), and Pete Buttigieg (D-IN) to tax Wall Street to pay for expensive things like "free"…

Reacting to yesterday's short-lived meeting with Nancy Pelosi and Chuck Schumer, the Morning Joe panel hurls a string of insults at President Trump: "stinks, complete idiot, pathetic."

We no longer live in a constitutional republic. We live in an idiocracy. Only in modern-day America, under the Democratic-controlled U.S. House of Representatives, is the basic proposition that federally subsidized public housing should benefit American citizens and legal residents slammed as “despicable” and “damaging.” Those are the hysterical words used by Democratic Rep. Carolyn Maloney of…

Presidential contenders are in a battle to out give one another. Senator Elizabeth Warren proposes a whopping $50,000 per student college loan forgiveness. Senator Bernie Sanders proposes free health care for all Americans plus illegal aliens. Most Democratic presidential candidates promise free stuff that includes free college, universal income, "Medicare for All" and debt forgiveness.

On Tuesday, NBC’s Today show seized on a highly questionable survey claiming that many college students across the U.S. were being forced to choose between “tuition or food.” Correspondent Jacob Soboroff even went so far as to claim that “The strong U.S. economy is a myth to many American college students.”

We are currently hearing a lot of doom and gloom about the trade war with China from the media talking heads, particularly on MSNBC and CNN. Their big claim is that President Donald Trump has put the United States at a disadvantage by raising tariffs on Chinese goods in an effort to get China to lower their tariffs and other barriers on American exports to that country. However, CNBC's Jim Cramer…

Last week's column discussed Dr. Thomas Sowell's newest book Discrimination and Disparities, which is an enlarged and revised edition of an earlier version. In this review, I am going to focus on one of his richest chapters titled “Social Visions and Human Consequences.” Sowell challenges the seemingly invincible fallacy “that group outcomes in human endeavors would tend to be equal, or at least…

During the Trump administration Hispanic unemployment has hit five all-time record lows, but the nation’s number one Spanish-language television newscast, Noticiero Univision, once again blew off the latest blockbuster economic news for the country’s largest minority group, which participates in the American labor force at a higher rate than any other segment of the U.S. population.

April was a great month for jobs with another upside surprise. CNN reported on May 2, that it was expected to be “a healthy but unspectacular” 185,000 jobs. Unemployment was expected to remain at 3.8 percent. MarketWatch was expecting a “robust increase” of around 213,000 jobs.

Just minutes after the April jobs report was released Friday morning, showing the unemployment rate dropping to its lowest point since 1969, MSNBC fretted that the booming economy would be a serious political “challenge” for Democrats in 2020. Anchor Chris Jansing went to work trying to take credit away from the Trump administration and downplaying the numbers.

Who said lefties don’t have a sense of humor? Well, no one really ever had to say it, because it’s painfully obvious that none of these folks can take a joke, especially about their precious and “totally misunderstood” socialism. In response to the Daily Wire posting a Game of Thrones meme lampooning the economic system beloved by progressives, Thrones actor and apparent left wing nut Miltos…

My longtime friend and colleague Dr. Thomas Sowell has just published a revised and enlarged edition of “Discrimination and Disparities.” It lays waste to myth after myth about the causes of human differences not only in the United States but around the globe. Throughout the book, Sowell shows that socioeconomic outcomes differ vastly among individuals, groups and nations in ways that cannot be…

The media has chosen, so far at least, to ignore more anti-American comments from U.S. Rep. Ilhan Omar (D-MN). In an interview May 1, Omar attacked the U.S. for being the reason why its citizens were starving and getting mowed down in the street by its socialist government regime. Her absurd and anti-patriotic comments are just the latest she’s made attacking the country she’s supposed to be…