WASHINGTON — The U.S. economy grew at a moderate 2.1% annual rate over the summer, slightly faster than first estimated, the government said Wednesday. But many economists say they think growth is slowing sharply in the current quarter. The July-September growth rate in the gross domestic product, the economy’s total...
Walters: California's Paradox of Wealth and Poverty
By happenstance, events in the final week of September perfectly framed what one might call the California Paradox — a thriving, world-class economy with stubbornly high levels of poverty and a widening divide between the haves and have-nots. The week began with Gov. Gavin Newsom’s keynote address to a United Nations-sponsored forum...
US Economy Grew at Modest 2% Rate in 2nd Quarter
WASHINGTON — The U.S. economy grew at a modest 2% annual rate in the second quarter, a pace sharply lower than the 3%-plus growth rates seen over the past year. Many analysts believe growth will slow further in coming quarters as global weakness and rising trade tensions exert a toll....
Economy Grew at Solid 3.1% Rate in Q1; Slowdown Expected
WASHINGTON — The U.S. economy grew at a solid 3.1% rate in the first three months of the year, but much of that gain was based on temporary factors that will likely fade, leaving growth much slower in the current quarter. The Commerce Department said Thursday that the first quarter...
A Primer on the Economic Benefits of Immigration
President Trump ascended to the American presidency on campaign promises that focused on stopping illegal immigration. Like his two immediate predecessors, Barack Obama and George W. Bush, he adopted hard-line immigration policies. It just so happens that Trump’s immigration policies are far more encroaching on migration. Arguments have been made...