Marijuana: A Job-Creation Engine?

 

Whenever a new industry arises the potential benefits in can have on the surrounding economy are seemingly endless; from becoming an additional source of tax revenue, to the creation of the jobs necessary to support and manage the growth of…

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Economics News

On Wednesday following the Federal Open Market Committee’s two-day meeting, the Federal Reserve announced the third increase in interest rates this year; citing an expectation of faster growth and lower unemployment next year as the US economy strengthens. As expected, the benchmark ...

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Whenever a new industry arises the potential benefits in can have on the surrounding economy are seemingly endless; from becoming an additional source of tax revenue, to the creation of the jobs necessary to support and manage the growth of the emerging industry. So far tax revenue has been a ...

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On Wednesday, the United States notified South Korea of their plans to start negotiating amendments to KORUS, the five year old free trade agreement with Seoul, as early as next month. The Trump administrations latest move in American trade policy comes some months after President Trump stated ...

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Recently, the Labor Department announced the US economy added 222,000 jobs in June; more than the ~178,000 expected by economist. With its quickest pace of hiring since February, the consistent addition of nearly 200,000 jobs a month and a low unemployment rate, it looks as if the Federal ...

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The United States House of Representatives recently approved a bill, known as the Financial Choice Act, which aims to undo significant elements of the Dodd-Frank Act. The bill will now head to the Senate where it will need to receive 60 votes, 52 of which are held by Republicans, before it is ...

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The Trump administration recently announced plans to put their mark on the student loan system with a plan to overhaul how borrowers repay their debts. Officials said the administration is expected to offer an exclusive contract that will give one company the right to service billions of ...

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On Friday the Labor Department announced that the jobless rate dropped to 4.4 percent in April, the lowest rate in more than a decade. Employers added 211,000 workers throughout various industries, bringing the total of jobs added in Trumps first three months in office to 522,000. Both ...

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For the first time in history, an American state or territory has filed for a form of bankruptcy. Puerto Rico recently filed for municipal bankruptcy in an attempt to stave off creditors and maintain essential services to its 3.4 million citizens. The debt restricting petition filed by Puerto ...

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During the first quarter of 2017 the US economy grew at its slowest pace since 2014, after consumer spending slowed and businesses invested less in inventories. The GDP increased at rate of just 0.7 percent during the first three months of the year, according to the first estimates released by ...

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On Wednesday, President Donald Trump unveiled a one page tax plan proposing deep tax cuts, many aimed at businesses, causing some concern amongst fiscal conservatives and financial markets. The tax plan proposed matched up closely to the promises Trump made during his election campaign. ...

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