For every 10 jobs here at Chevron, five more are supported in west Contra Costa County. And all of that comes together and produces about a billion dollars in annualized economic activity in the region.
We should not let the follies of Trump's tariffs overshadow the follies of the gung-ho globalization that preceded them. So said the award-winning economist James K. Boyce in a recent interview. In 2022, the most recent year that data is available, the US trade deficit totaled $971 billion or 3.77 percent of the GDP. The last US trade surplus was in 1975.
The pilot program - described as the "money account for growth and advancement" or "MAGA account" - would give every baby born with a Social Security number $1,000.
"Florida drivers are seeing the lowest gas prices in 17 months," said AAA spokesperson Mark Jenkins. "Prices dipped due to fears that the trade war could trigger a recession and reduce fuel demand. However, reports of easing tensions pushed oil prices higher last week, which could result in rising prices at the pump."