ECONOMIC AND FINANCE REPORT

The ever popular and growing social media, that seems just a harmless recreation, has a growing dark side to it reminiscent of science fiction. James Lyman BSAE, BSEE, MSSM The…

1) General Motors is eliminating 700 factory jobs in Tennessee as a result of low sales, which they are blaming on the Convid-19 crisis. This is the third shift at…

https://soundcloud.com/economic-financereport/efr-podcast-episode-36-economic-pandemic

1) There are ten companies that may not make it through the summer. These are high brand names of Hertz, J.C. Penney, Pier 1 Imports, Tuesday Morning, J. Crew, Neiman…

1) Economists are concerned about four major factors bearing down on a recovery of the economy. These are 1) the household fiscal cliff, 2) a great business die-off, 3) state…

1) Speculation abounds over what the next stimulus package will have, such as extended income support for the unemployed and underemployed. New temporary subsidies for low wage workers. Cheap loans…

1) Oil has passed$40 a barrel, continuing a slow but steady recovery. This could be signaling a reawakening of the U.S. shale oil production. This rally allows the oil industry…

As so often the case with social problems, the obsolescence of people is ignored which makes finding any real solutions impossible. James Lyman BSAE, BSEE, MSSM The problems for American…

1) Kroger, the largest supermarket chain in the U.S., has been surprised by a 92% gain in its e-commerce sales. The giant has lagged behind its competitors like Walmart, Amazon…

1) Retail giant Target has announced it is raising the minimum wage they pay to store and warehouse workers to $15 an hour, a $2 increase. Target had 350,000 workers…