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Why The Case For A Border Adjustment Tax Relies On A Questionable Assumption
Wednesday, February 1, 2017 - 3:47pm | 753Read More...According to President Donald Trump’s press secretary, Sean Spicer, Trump is considering a 20 percent border adjustment tax on Mexican imports. Trump is also reportedly considering a 45 percent tariff on imported Chinese goods as well. Trump has also threatened German automakers with a 35...
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Jobs Data Roundup: Jobless Claims Rise, Hourly Wages Up Slightly
Thursday, March 3, 2016 - 1:31pm | 605Read More...Initial jobless claims increased by 6,000 over last week, according to Department of Labor data released Thursday morning. 278,000 people filed for unemployment insurance for the first time last week. Estimates pegged the number at 271,000. The four-week moving jobless claim fell 1,750 to 207,250....
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Was The Fed Projection Release Really Accidental?
Friday, July 24, 2015 - 3:16pm | 351Read More...The Federal Reserve Board said in a statement on Friday that notes prepared as a background for last month's FOMC meeting were accidentally published on its website on June 29. Since the information was made public, the Fed decided not to take down the notes and instead make them more easily...
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What To Watch For In April's Employment Numbers
Thursday, May 7, 2015 - 4:02pm | 352Read More...Friday morning, Wall Street’s eyes will collectively be fixated on the April employment report due out at 8:30 a.m. ET. After a disappointing March number, the April jobs report could provide some clarity about the timetable for the Federal Reserve’s first interest rate hike. Here...
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#PreMarket Prep For The Week Of April 27: Get Ahead In Earnings Season With These NYSE Floor Traders & Asset Managers
Saturday, April 25, 2015 - 9:59am | 1400Read More...Get ahead in the middle of earnings season with these NYSE floor traders, fund managers and market technicians on this week’s #PreMarket Prep! Be sure to tune in at 8:00 am EST Monday-Friday here interact with our veteran traders, market technicians and money managers that come on...
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Economist Sees No Change In Fed Policy For 18 Months
Thursday, March 19, 2015 - 1:19pm | 234Read More...The Federal Reserve's current rate policy could remain unchanged through 2016, an economist at Kennesaw State University in Georgia told Benzinga Thursday. The central bank touched off a minor stock market rally Tuesday when it backed off from a possible rate hike, although it remained open...
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Professor Dr. Mikhail Melnik Talks About Friday's Jobs Report
Friday, February 6, 2015 - 4:36pm | 216Read More...Economist and Kennesaw State University Professor Dr. Mikhail Melnik told Benzinga that Friday’s jobs report was above expectations and a “good report.” Melnik mentioned that the “massive revision to the November/December numbers, increasing the three-month moving...
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Exclusive: 3 Economic Experts Preview December's Payroll Data
Friday, January 9, 2015 - 8:10am | 299Read More...December's non-farm payroll data will be released at 8:30 a.m. on Friday. Change in nonfarm payrolls for December is expected to read 240,000 versus a reading of 321,000 in November. Private payrolls is expected to read 228,000, versus a reading of 314,000 in November. The unemployment rate...
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Economist Dr. Mikhail Melnik Expects Friday's Payroll Growth To Be Around 220,000
Thursday, January 8, 2015 - 5:07pm | 151Read More...When asked about Friday’s payroll numbers, economist Dr. Mikhail Melnik told Benzinga he expects payroll growth to be around 220,000, with private payroll rising by about 205,000. Melnik, an associate professor for Kennesaw State University, said the economic growth seems to have cooled...
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Economist Dr. Mikhail Melnik: 'Best Course Of Action For Russia Might Be Allow Ruble To Depreciate'
Tuesday, December 16, 2014 - 7:16pm | 79Read More...Speaking to Benzinga, Southern Polytechnic State University Economist Dr. Mikhail Melnik said that a rise in interest rates for Russia is counterproductive. “The best course of action may very well be to allow the currency to depreciate and focus all efforts on the real sector,” he...
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Economist Dr. Mikhail Melnik: 'Russia Needs To Focus On Underlying Causes Of Crisis, Restructure Economy'
Tuesday, December 16, 2014 - 7:16pm | 123Read More...Dr. Mikhail Melnik, economist for Southern Polytechnic State University, told Benzinga that Russia needs to develop programs similar to the U.S. food stamps program. He said it should not only help shield from inflation to the most affected segments of the population, but also help fund the...
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Economist Dr. Mikhail Melnik: Russian Economy Heavily Dependent On Prices Of Oil
Tuesday, December 16, 2014 - 1:56pm | 172Read More...Southern Polytechnic State University Economist Dr. Mikhail Melnik told Benzinga that the rise of oil and natural gas prices during this century helped Russia overcome the economic disarray of the 1990s. “The addiction to energy prices spread throughout the economy,” he said....
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Economist Says Russian Central Bank's Steps To Slow Deterioration Of Ruble Do Not Support Fundamental Solution, Possibly 'Counterproductive'
Tuesday, December 16, 2014 - 1:53pm | 156Read More...Speaking to Benzinga, Southern Polytechnic State University Economist Dr. Mikhail Melnik said that he understands the desperate efforts of the Russian Central Bank to slow down the deterioration of the ruble. But Melnik feels that these steps do not offer a fundamental solution and may even be...
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Economist Estimation For Friday Jobs Report: 195K New Jobs, Unemployment Rate Remains The Same
Thursday, December 4, 2014 - 2:10pm | 142Read More...Dr. Mikhail Melnik, an economist at Southern Polytechnic State University, told Benzinga that he expects a “decent” payroll figures report on Friday. He estimates the economy has created about 195,000 jobs in November with private non-farm employment around 185,000, but he expects...
