Millions of U.S. workers quit their jobs each month, and now a new survey reveals why they are not looking back: 55 percent of working adults want a new career. Those who want to quit also identified the top barriers that are getting in the way of their occupation change. Here is a closer look at the findings.
President Barack Obama began his economic policy tour last week, emphasizing the need to rebuild the manufacturing base, educate the workforce, and get the economy back on track. But with unemployment over 7.5 percent for more than 54 months, is it even realistic to expect a GDP growth rate over 3 percent and unemployment under 6 percent anymore? Is this the new normal? Read more
Is the rising value of the U.S. dollar a good thing for American manufacturing, or does it make the sector less competitive? On the face of it, one might think a strong dollar is a positive thing. Strength is good. Higher value is good. But that’s not necessarily the case in the world of manufacturing trade. Read more
Small private aircraft have gradually become too expensive for many people who would like to own and fly them, limiting sales and preventing more rapid business growth for manufacturers. An enormous contributing factor to high prices, according to both aircraft makers and private buyers, is Federal Aviation Administration (FAA) certification costs. Read more
In The Real Crash, Peter D. Schiff argues that America is enjoying a government-inflated bubble, one that reality will explode . . . with disastrous consequences for the economy and for each of us.
You might be thinking everything’s okay: the stock market is on the rise, jobs are growing, the worst of it is over.
You’d be wrong.
Schiff demonstrates how the infusion of billions of dollars of stimulus money has only dug a deeper hole: the United States government simply spends too much and does not collect enough money to pay its debts, and in the end, Americans from all walks of life will face a crushing consequence.
We’re in hock to China, we can’t afford the homes we own, and the entire premise of our currency—backed by the full faith and credit of the United States—is false. Our system is broken, Schiff says, and there are only two paths forward. The one we’re on now leads to a currency and sovereign debt crisis that will utterly destroy our economy and impoverish the vast majority of our citizens.
However, if we change course, the road ahead will be a bit rockier at first, but the final destination will be far more appealing. If we want to avoid complete collapse, we must drastically reduce government spending—eliminate entire agencies, end costly foreign military escapades and focus only on national defense—and stop student loan or mortgage interest deductions, as well as drug wars and bank-and-business bailouts. We must also do what no politician or pundit has proposed: America should declare bankruptcy, restructure its debts, and reform our system from the ground up.
Persuasively argued and provocative, The Real Crash explains how we got into this mess, how we might get out of it, and what happens if we don’t. And, with wisdom born from having predicted the Crash of 2008, Peter Schiff explains how to protect yourself, your family, your money, and your country against what he predicts.
Last week, a federal court upheld a 2008 air pollution standard opposed by both industry and environmental groups for different reasons after the court ruled that it adhered to both science and policy.
The U.S. Court of Appeals in Washington unanimously rejected arguments that the Environmental Protection Agency’s (EPA) ozone standard for public health, which was set by former President George W. Bush, was either too restrictive or too restrictive enough. Read more
The largest electric power holding company in the United States has begun construction on a $400 million project to reduce pollution at its coal-fired Cayuga, Ind. power plant.
Duke Energy will refit the facility with two catalytic reduction system structures by the end of 2015. Two 200-ft structures will transform mercury into another substance that the plant’s current pollution control equipment is designed to capture. In combination with additional dry sorbent injection systems, the new equipment will annually remove about 6,000 tons of nitrogen oxide emissions, the company said — the equivalent of emissions from about 316,000 cars. Read more