Category: Economy

US Imposes New Rules on State-Owned Chinese Media Over Propaganda Concerns

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☆ THE GREAT US-CHINA DECOUPLING CONTINUES…

The Trump administration said on Tuesday said it will begin treating five major Chinese state-run media entities with U.S. operations the same as foreign embassies, requiring them to register their employees and U.S. properties with the State Department.

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Trump Budget Would Cut $4.4T in Spending, Boosting Defense While Slashing Safety Nets & Foreign Aid

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☆ The All Nighter ☆

The White House on Sunday unveiled a $4.8 trillion budget proposal that would slash spending dramatically on foreign aid and social safety nets, while including $2 billion for a southern border wall and substantially boosting funding to NASA, the Department of Veterans Affairs and the Department of Homeland Security.

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63.4%: Labor Force Participation at Trump-Era High As Labor Force Grows by 574,000

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☆ No Recession Clouds Anywhere

President Donald Trump never misses an opportunity to plug the strong employment picture for which he takes credit, and today he earned more bragging rights:

The Labor Department’s Bureau of Labor Statistics said the economy created 225,000 in January, well above estimates. BLS says notable job gains occurred in construction, in health care, and in transportation and warehousing.

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