The Surging Coal Export Industry

By: Tuesday October 23, 2012 3:20 pm

We constantly hear Mitt Romney talk about the “war on coal,” and to the extent that exists, it’s being waged by chap natural gas which crowds out the profitability of coal extraction. However, this doesn’t mean that coal employment has decreased in the United States: in fact, West Virginia coal jobs have increased under Obama, as has coal employment nationwide.

How can this be true?

The Dichotomy in Economic Sentiment Between Consumers and Businesses

By: Thursday October 18, 2012 7:00 pm

Economic analysts are giddy about a recent spate of positive consumer-based indicators, on not only housing starts but consumer confidence, retail sales, auto sales and even unemployment. At the same time, in the same economy, the numbers run completely the other way when it comes to the corporate sector. Joe Weisenthal runs down the numbers. Some of them are sentiment-based, which I view with similar skepticism around a national election as I do with things like consumer confidence. But there are hard numbers around capital expenditures, and export growth, and corporate hiring plans, and even corporate profits, that have all turned negative.

So what’s going on?

European Recession Spilling Over Into Global Economy

By: Tuesday June 5, 2012 11:30 am

US companies report slowing sales in Europe, which is having a direct effect on their bottom lines. The EU as a unit is bigger than the US or China, and if they’re in recession, that has an impact on sales everywhere. That’s especially true because a crash in the euro’s exchange rate has made US products relatively more expensive. A “strong” dollar hurts our trade position.

The German Model Works For Every German

By: Tuesday August 17, 2010 5:15 pm

Germany works, because German workers are part of the system. Unlike here, where workers are barely tolerated, and are expected to kowtow to anyone who offers them a job.

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