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SavingAdvice.com Blog April’s jobs report was lower than expected, but Wall Street didn’t care. The U. S. economy produced only 266,000 new jobs in April. The private sector added 218,000 jobs. Meanwhile, government employment rose by 48,000. As a result, unemployment moved from 6 to 6.1 percent.  Stocks React Following the release of the jobs numbers, all the major exchanges posted gains. The Nasdaq moved up 1.1 percent, the S&P 500 gained .7 percent, and the Dow rose .4 percent. The jobs report had no impact on the markets. So, what caused them to move up? Inflation fears were eased. H...

© Alice Neale. Courtesy of Ned Beauman London-born Ned Beauman is the author of four novels, each of them published to critical acclaim. Released in 2010, Boxer, Beetle, its protagonist a hapless Londoner with an unfortunate medical condition that lends him the smell of rotten fish, won The Guardian First Book Award, and its successor, The Teleportation Accident, was longlisted for the Man Booker Prize in 2012. Glow, published in 2014, updates the thriller for a new generation, its characters spread out over several continents but converging on a dentist’s office not far from Charing C...

Thomas W. Spoehr conducts and supervises research on national defense matters. President Biden participates in a virtual event with members of the House Democratic Caucus in the Eisenhower Executive Office Building on March 3, 2021 in Washington, D.C. BRENDAN SMIALOWSKI / AFP / Getty Images Key Takeaways Seemingly gone is the naivety of the Obama era when the administration hoped for “deeper and more effective partnerships” with countries like China and Russia. It isn’t out of a desire for an “arms race” that the U.S. is belatedly pursuing nuclear...

By   Thomas Spoehr on March 05, 2021 at 10:20 AM President Joe Biden and VP Kamala Harris announcing the China Task Force at the Pentagon President Joe Biden has released his interim National Security Strategic Guidance to “convey my vision for how America will engage with the world.”  Unfortunately, much of the document’s 24 pages are dedicated to topics such as voting rights, clean energy, climate change, and racial justice that are only tangentially related to national security. Still, it covers enough defense and foreign policy issues to give a good idea of where the new adminis...

Even with a new president, it's worth remembering.  ADVERTISEMENT I was in Accra, Ghana, for the inauguration of Nana Dankwa Akufo-Addo’s second presidential term and the seating of its eighth parliament of Ghana’s Fourth Republic. The ceremony would take place the next day on the grounds of the Parliament House, a COVID-19 modification to the mass public gathering usually held at Independence Square. I was there as an invited guest of the Ministry of Finance, to which I’ve been a long-time consultant. It was approximately 3 p.m. in Washington, when my adult son Andrew called and said,...