Economy

FILE - In this Friday, Oct. 4, 2013, file photo, economist Arthur Laffer, known as the "father of supply-side economics" and who was an economic advisor to President Ronald Reagan, speaks to an executive committee meeting of the California Republican Party at their convention in Anaheim, Calif. In their effort to overhaul the U.S. tax code, President Donald Trump and congressional Republicans are betting that by slashing taxes on corporations and rich people, the money diverted from the U.S. Treasury will find its way into the pockets of ordinary Americans. “It will increase real wages and it will increase them substantially,’’ says Laffer. (AP Photo/Reed Saxon, File)
November 17, 2017 - 3:31 pm
WASHINGTON (AP) — Does money roll downhill? In their drive to cut taxes, President Donald Trump and congressional Republicans are betting it does. Behind their legislation is a theory long popular among conservatives: Slash taxes for corporations and rich people, who will then hire, invest and...
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November 17, 2017 - 1:40 pm
WASHINGTON (AP) — The top Republican on the House Foreign Affairs Committee says the Trump administration's decision to allow importation of body parts from African elephants shot for sport is the "wrong move at the wrong time." Rep. Ed Royce of California on Friday called on the administration to...
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November 17, 2017 - 1:32 pm
WASHINGTON (AP) — Secretary of State Rex Tilllerson called on African nations Friday to do more to isolate North Korea, which relies on trade and military relationships on the continent as a source of hard currency. Speaking to African foreign ministers at the State Department, Tillerson said North...
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FILE - In this Oct. 27, 2009 file photo, Caracas' Mayor Antonio Ledezma attends a Senate meeting, in Brasilia, Brazil. The former mayor has escaped house arrest in Caracas and arrived in Colombia, Friday, Nov. 17, 2017. (AP Photo/Eraldo Peres, File)
November 17, 2017 - 11:33 am
CARACAS, Venezuela (AP) — Former Caracas Mayor Antonio Ledezma escaped house arrest and fled to Colombia on Friday, an apparent embarrassment for security forces who had been keeping close watch over one of Venezuela's most prominent opposition leaders. Colombian immigration authorities said in a...
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In this Thursday, June 1, 2017, photo, builders work on the roof of a home under construction at a housing plan in Jackson Township, Butler County, Pa. On Friday, Nov. 17, 2017, the Commerce Department reports on U.S. home construction in October. (AP Photo/Keith Srakocic)
November 17, 2017 - 8:39 am
WASHINGTON (AP) — Construction of new homes climbed 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses. The Commerce Department said Friday that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of 1...
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November 17, 2017 - 8:31 am
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Kelli Hollinger, Texas A&M University (THE CONVERSATION) It surprises most millennials to learn that only about 10 percent of all retail purchases are actually made online. Each...
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Jianpu Technology's co-founder & CEO Daqing Ye, center, waves to a gallery in the New York Stock Exchange as he waits for his company's IPO to begin trading, Thursday, Nov. 16, 2017. (AP Photo/Richard Drew)
November 17, 2017 - 4:30 am
HONG KONG (AP) — Asian shares were mostly higher but European shares fell Friday as healthy U.S. earnings and progress on President Donald Trump's tax reform plan weren't enough to sustain momentum in global markets. KEEPING SCORE: European shares were mostly lower in early trading. France's CAC 40...
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Britain's Prime Minister Theresa May arrives for an EU social summit for fair jobs and growth in Gothenburg, Sweden, Friday, Nov. 17, 2017. (Jonas Ekstromer/TT News Agency via AP)
November 17, 2017 - 4:21 am
GOTEBORG, Sweden (AP) — European Union leaders warned Britain Friday that it must do much more to convince them that Brexit talks should be broadened to cover future relations and trade from December. At an EU summit in Sweden, Prime Minister Theresa May's government was urged to clarify how much...
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Panama's President Juan Carlos Varela, left, and China's Foreign Minister Wang Yi rise glasses for a toast during the inauguration of the Panama Embassy in China, in Beijing, Thursday, Nov. 16, 2017. (Jason Lee/Pool Photo via AP)
November 17, 2017 - 12:19 am
BEIJING (AP) — Panamanian President Juan Carlos Varela was making his first state visit to Beijing on Friday after breaking off relations with Taiwan and establishing formal ties with China five months ago. Varela was to meet with Chinese President Xi Jinping at the Great Hall of the People after...
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November 16, 2017 - 11:05 pm
WASHINGTON (AP) — The United States said Thursday that Sudan will cut all military and trade ties to North Korea, a move that would be a significant victory in the Trump administration's efforts to isolate the Stalinist nation amid increasing tensions over the North's testing of nuclear weapons and...
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