President Donald Trump's State of the Union address on Tuesday night is sure to make the U.S. economy a centerpiece of his remarks. While his administration has often been mired in controversy on other issues, the country's economic gains last year give the White House something to crow about -- and campaign on heading into next year's presidential election.At the same time, Mr. Trump has also taken economic policy in unorthodox -- and sometimes unpredictable -- directions, as he has in challenging China and even longstanding American allies on trade. As Americans prepare to hear the president speak, here are some key measures of the economy's performance in 2018 to remember. The economy grew at its fastest rate in 13 yearsGDP growth for 2018 is estimated to be near 3 percent—the target that the president's economic team has set as a benchmark for success While the government is still finalizing estimates for economic growth last year, most economists, as well as the Federal … [Read more...] about The state of the facts on U.S. economy, jobs, taxes and more
U s borrowing money from china
Sections SEARCH Skip to content Skip to site index Africa Subscribe Log In Log In Today’s Paper Africa | Competing Against Chinese Loans, U.S. Companies Face Long Odds Supported by ByEdward Wong Jan. 13, 2019 KAMPALA, Uganda — Growing up in suburban Ohio, Rajakumari Jandhyala never imagined she would end up in the oil business, much less on the front line of America’s global competition with China. She spent two decades as a policy adviser on Africa, most recently as an aid official in the Obama administration. But in 2016, she heard about a call for proposals to build an oil refinery in Uganda that could be the largest in East Africa, and she put together a bid. She landed an investor in Kenya. She recruited oil and gas executives from General Electric. An Italian contractor joined the group of companies that formed a consortium, too. The main problem was the big advantages enjoyed by the … [Read more...] about Competing Against Chinese Loans, U.S. Companies Face Long Odds
By Ritvik Carvalho LONDON (Reuters) - World stocks extended a steep sell-off on Friday as the threat of a U.S. government shutdown and further hikes in U.S. borrowing costs compounded investor anxieties over the trajectory of global economic growth.European shares opened in negative territory, following in the footsteps of U.S. and Asian markets. The pan-European STOXX 600 fell over half a percent, continuing its slide towards lows not seen since the end of 2016. [.EU]Most European bourses and industry indexes were in the red after the S&P 500 fell overnight, heading for its worst quarter since the dark days of the financial crisis in late 2008, with a loss of 15 percent so far. The Nasdaq has shed 19.5 percent from its August peak, just shy of confirming a bear market. Oil prices, which slid just over 4 percent on Thursday, were reclaiming some ground. The dollar, which had suffered its biggest one-day drop on the yen since November 2017 on Thursday, lost a further 0.1 percent … [Read more...] about Growth fears and U.S. government shutdown threat slam stocks
“EB-5 is actually a brutally risky investment,” said Xiaoyu “Hugh” Hou, a newly minted American, thanks to the immigrant investment program. “Right now, if my friend said, ‘I want to be in America, what can I do?' I would say, ‘I'll introduce you to (an American) girl, and you should get married.' ” Sound The gallery will resume inseconds A roofing worker does some measuring at the Meridian, a project of the New Home Co. that is being built at Fashion Island with the help of $42 million from foreign investors under the EB-5 visa program. Xiaoyu “Hugh” Hou, 32, of Santa Monica prepared a detailed prospectus justifying his EB-5 investment for his mother back in Guangzhou, China. His mother, a banker and investor, agreed to the project. He invested in a San Bernardino development project in 2010. The investment earned between $3,000 to $5,000 a year, or about 1 percent. About a month ago, he got a check … [Read more...] about Dollars for green cards: EB-5 program grants visas, even citizenship, to foreigners who invest in U.S.
By Mark Edward Nero | [email protected] | PUBLISHED: September 7, 2018 at 6:11 pm | UPDATED: September 7, 2018 at 6:12 pm Despite the Trump Administration imposing tariffs this summer on certain imported goods, the gap between what America sells to China and what it buys from it rose to a record-setting level in July, according to newly released statistics from the U.S. Commerce Department. The goods deficit with China rose 10 percent in July to a record $36.8 billion, the federal data show. Overall, the U.S. trade deficit, as that gap is called, rose from $45.7 billion in June to $50.1 billion the next month – contributing to a 7 percent increase from January to July. Meanwhile, exports slipped 1 percent, to $211.1 billion, according to statistics, while imports rose 0.9 percent, to a record $261.2 billion, largely because of increased purchases of trucks and computers. The numbers released by the Commerce Department comes as a trade war continues to brew. Over the past two … [Read more...] about U.S. trade gap with China sets record despite tariffs, Port of Long Beach sees decrease in overall trade volume