Sacramento, CA…Citing decisions to build the state’s fiscal reserves and California’s economic growth, a major credit agency has upgraded the state’s credit rating. Fitch Ratings writes that California has improved its ability to weather an economic downturn. “The state eliminated the overhang of budgetary borrowing that had accumulated through two recessions and continues to set-aside […]
New York, NY….The spread between short term and long term bond yields inverted and that has proved in the past a potential signal of an upcoming recession. This and continued trade issues and weakening of the world economy rattled the markets today.
Washington, DC…The United States Trade Representative (USTR) today announced the next steps in the process of imposing an additional tariff of 10 percent on approximately $300 billion of Chinese imports. On May 17, 2019, USTR published a list of products imported from China that would be potentially subject to an additional 10 percent tariff. This […]
New York, NY….”Jeffrey Edward Epstein (January 20, 1953 – August 10, 2019) was an American financier and convicted sex offender. Epstein began his career in finance at the investment bank Bear Stearns, before forming his own firm, Epstein & Co., until his conviction for sex crimes in 2008, for running an underage prostitution ring for […]
Washington, DC…So, we’re doing very well with China. We’re talking to China. We’re not ready to make a deal, but we’ll see what happens. But, you know, we’ve been hurt by China for 25, 30 years. Nobody has done anything about it. And we have no choice but to do what we’re doing. It’s working […]
El Paso, TX….August 7, 2019, 5:01 P.M. MDT, THE PRESIDENT: Well, I just want to thank you. We’ve done some stops today. We went to Ohio and we just went to a hospital. And they’ve done an incredible — just an incredible job. And we were there for a long time. We thought it would […]
Washington, DC…Good morning. My fellow Americans, this morning, our nation is overcome with shock, horror, and sorrow. This weekend, more than 80 people were killed or wounded in two evil attacks. On Saturday morning, in El Paso, Texas, a wicked man went to a Walmart store, where families were shopping with their loved ones. He […]
Reno, NV…Hindu statesman Rajan Zed has urged all the Hindu temples and prayer-centers nationwide to hold special prayers for all victims, their loved ones, first responders, healthcare workers and others touched by the recent tragic loss in El Paso and Dayton. Hindus strongly condemn any and all acts of violence against innocent people. We are […]
Washington, DC…”Today, I authorized the lowering of the flags to half-staff at all Federal Government buildings in honor of the victims of the tragedies in El Paso, Texas, and Dayton, Ohio. The flags at the White House will be lowered today through Thursday, August 8. Melania and I are praying for all those impacted by […]