Economic Policy Institute Report Says China Cost 3.4 Million U.S. Jobs Between 2001 and 2017. 562,500 Jobs Lost in Calif.

Economic Policy Institute Report Says China Cost 3.4 Million U.S. Jobs Between 2001 and 2017.  562,500 Jobs Lost in Calif.

Washington, DC…What follows is a few paragraphs from a new report from the Economic Policy Institute. Click the logo below for full report…”The United States has a massive trade deficit with China. The growth of the U.S. trade deficit with China, which has increased by more than $100 billion since the beginning of the Great […]

USA Regains Top Stop in Global Competitiveness Index

USA Regains Top Stop in Global Competitiveness Index

Geneva, Switzerland, 17 October 2018 – The changing nature of economic competitiveness in a world that is becoming increasingly transformed by new, digital technologies is creating a new set of challenges for governments and businesses, which collectively run the risk of having a negative impact on future growth and productivity. This is the key finding […]

Historic Sears Company Files for Bankruptcy, Plans to Continue Operations

Historic Sears Company Files for Bankruptcy, Plans to Continue Operations

Hoffman Estates, IL…Sears Holdings Corporation (“Holdings,” “we,” “our,” or the “Company”) (NASDAQ: SHLD) today announced a series of actions to position the Company to establish a sustainable capital structure, continue streamlining its operating model and grow profitably for the long term. To facilitate these actions, the Company and certain of its subsidiaries have filed voluntary […]

Another Rough Day For Wall Street

Another Rough Day For Wall Street

New York, NY…It was another gloomy day for the markets as the Dow was down sharply again today. The Dow dropped another 546 points to add to the recent losses. Rising interest rates, heavy selling overseas and more lead the market down.

San Andreas Rotary Donates $5,000 to Support “Meals on Wheels”

San Andreas Rotary Donates $5,000 to Support “Meals on Wheels”

San Andreas Rotary presents a check for $5,000 to CGSS (Common Ground Senior Services) to benefit their “Meals on Wheels Program” for Calaveras County. Accepting the donation is Kathi Toepel & Elizabeth Thompson. San Andreas Rotary started with several informal meetings letting the community know that we wanted to start a club. Many community members […]

Interested In Purchasing A Home? Call Judy Today for a Personal Consultation!

Interested In Purchasing A Home?  Call Judy Today for a Personal Consultation!

Arnold, CA…Judy Bettencourt purchased a home in Blue Lake Springs in 2004 and decided to make it her full time residence in 2008. Judy has been helping clients with homeownership since 1998. Besides her desire to help people with their dream of home ownership, she has a passion for the outdoors and enjoys hiking and […]

Gross Domestic Product, 2nd quarter 2018 (third estimate); Corporate Profits, 2nd quarter 2018 (revised estimate)

Gross Domestic Product, 2nd quarter 2018 (third estimate); Corporate Profits, 2nd quarter 2018 (revised estimate)

Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018 (table 1), according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent. The GDP estimate released today is based on more complete source data […]

President Trump on Additional Tariffs on $267 Billion of Imports from China

President Trump on Additional Tariffs on $267 Billion of Imports from China

Washington, DC…Today, following seven weeks of public notice, hearings, and extensive opportunities for comment, I directed the United States Trade Representative (USTR) to proceed with placing additional tariffs on roughly $200 billion of imports from China. The tariffs will take effect on September 24, 2018, and be set at a level of 10 percent until […]

Jim Bailey Can Insure Your “Building & Loan” & Help You With All Your Insurance Needs

Jim Bailey Can Insure Your “Building & Loan” & Help You With All Your Insurance Needs

Angels Camp, CA…There’s a new insurance option in town – one with a face many in Calaveras County might find familiar. Jim Bailey, a resident of Murphys, California, has opened his new office at 465 S. Main St in Angels Camp. “When the previous company here made the decision to leave Angels Camp I decided […]

Household Income Rises to Highest Level Ever & Poverty Drops in Latest Data From the Census Bureau

Household Income Rises to Highest Level Ever & Poverty Drops in Latest Data From the Census Bureau

Washington, DC…The U.S. Census Bureau announced today that real median household income increased by 1.8 percent between 2016 and 2017, while the official poverty rate decreased 0.4 percentage points. At the same time, the number of people without health insurance coverage and the uninsured rate were not statistically different from 2016. Median household income in […]

Calaveras Community Foundation Presents Liz Darby Airola Scholarships for Nursing Students

Calaveras Community Foundation Presents Liz Darby Airola Scholarships for Nursing Students

San Andreas, CA…Calaveras Community Foundation (CCF) presented two scholarships recently to two Columbia College students. Funds were from the Liz Darby Airola Fund for Nursing Students. Each scholarship was in the amount of $500. Columbia College student, Max Golay, was the first awardee. Determined and driven are words that describe Max. His instructors gave glowing […]

Gross Domestic Product: Second Quarter Revised Up to 4.2% as Economy Rolls On

Gross Domestic Product: Second Quarter Revised Up to 4.2% as Economy Rolls On

Washington, DC…Real gross domestic product (GDP) increased at an annual rate of 4.2 percent in the second quarter of 2018 (table 1), according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent.  The GDP estimate released today is based on more complete source data than […]

Monetary Policy in a Changing Economy ~ By FED Chairman Jerome H. Powell

Monetary Policy in a Changing Economy ~ By FED Chairman Jerome H. Powell

Jackson Hole, Wyoming….Thank you for the opportunity to speak here today. Fifteen years ago, during the period now referred to as the Great Moderation, the topic of this symposium was “Adapting to a Changing Economy.” In opening the proceedings, then-Chairman Alan Greenspan famously declared that “uncertainty is not just an important feature of the monetary […]

Lowe’s Reports Second Quarter Earnings Results & Announces Closing of All Orchard Supply Hardware Stores

Lowe’s Reports Second Quarter Earnings Results & Announces Closing of All Orchard Supply Hardware Stores

Mooresville, NC…Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $1.5 billion and diluted earnings per share of $1.86 for the quarter ended Aug. 3, 2018, which included non-cash pre-tax charges of $230 million further described below, compared to net earnings of $1.4 billion and diluted earnings per share of $1.68 in the second […]

CCWD Awards Two Scholarships Celebrating the Value of Water

CCWD Awards Two Scholarships Celebrating the Value of Water

San Andreas, CA…Each year, the Calaveras County Water District awards two high school seniors with $500 scholarships. The students earn the scholarships by writing an essay about the value of water. The winners of the 2018 CCWD Scholarship Awards are: Claudia Loomis, Angels Camp, who graduated from Bret Harte High School and plans to pursue […]

Interested In Purchasing A Home? Call Judy Today for a Personal Consultation!

Interested In Purchasing A Home?  Call Judy Today for a Personal Consultation!

Arnold, CA…Judy Bettencourt purchased a home in Blue Lake Springs in 2004 and decided to make it her full time residence in 2008. Judy has been helping clients with homeownership since 1998. Besides her desire to help people with their dream of home ownership, she has a passion for the outdoors and enjoys hiking and […]

Jim Bailey Can Insure Your “Building & Loan” & Help You With Almost Any Insurance Need

Jim Bailey Can Insure Your “Building & Loan” & Help You With Almost Any Insurance Need

Angels Camp, CA…There’s a new insurance option in town – one with a face many in Calaveras County might find familiar. Jim Bailey, a resident of Murphys, California, has opened his new office at 465 S. Main St in Angels Camp. “When the previous company here made the decision to leave Angels Camp I decided […]

The Economy 157,000 Jobs in July as Economy Shows Continued Strength

The Economy 157,000 Jobs in July as Economy Shows Continued Strength

Washington, DC…Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, in manufacturing, and in health care and social assistance. Household Survey Data In July, the unemployment rate edged down by 0.1 […]

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