U.S. Employment Gains Help Stocks Pare Losses
A bearish trend in U.S. equities was disrupted last Friday on better U.S. employment data, but a recent study on income and poverty shows better employment is benefiting men more than women and unmarried households over married ones.The Bureau of...
The Iron Ore Shipping Business is Facing Some Rough Seas
The impact of Chinese demand on global iron ore prices is well known. A less acknowledged consequence of China’s emergence is the transformation of incentive structures in the global shipping market. Dramatic increases in freight rates shifted global iron ore...
ISIS manipulates President Obama into military response
Before he took office, President Barack Obama predicted that war in Iraq would recruit more terrorists to the jihadist cause. Now he is US leader, Obama has neglected to heed his own warnings. Before he took office, President Barack Obama...
Average Americans Grow Poorer as U.S. Per Capita Wealth Reaches New High
America is richer than it has ever been in human history, according to a study by the Federal Reserve.According to the Federal Reserve’s measurement of households and nonprofit organizations’ total assets (HNOTASQ027S), American total wealth per person soared to over...
Dollar Strength Persists in the Wake of Weak Eurozone and Japanese Data
Ahead of the ECB's meeting on Thursday where details of the ABS/covered bond purchase scheme are expected to be delivered, the market is particularly sensitive to developments that could spur a strong policy response. Today's preliminary September CPI figures were...
U.S. Industrial Production Falls Despite Low Oil Prices
Industrial production in the United States suddenly contracted despite more optimistic expectations of stable or growing production.According to the Federal Reserve survey on industrial production and capacity utilization, total industrial production fell 0.1% in August and manufacturing fell 0.4%, reaching...
Fed Sees Jobless Epidemic as U.S. Equities Decline
Stocks in the U.S. saw one of their steepest declines late last week on worries that the Federal Reserve will begin tightening its monetary policy this week. Bond yields also rose in last week trading, with the 10-year U.S. Treasury...
Optimistic outlook for small business and a sharp rise in job openings
Job openings rose 22% year over year in July, according to a new report by the Bureau of Labor Statistics. A total of 4.7 million job openings were posted in July, compared to 3.8 million in July 2013 and 4.7...
Yes, the Strong Dollar Hurts Earnings, but so does Weak Demand
How much of a headwind is international exposure causing US-based companies? Factset did a study earlier this month, drawing on a combination of companies that had already reported Q3 earnings and used estimated results for those who had not reported. ...
The Economics Of The Illegal Wildlife Trade
The illegal trade of animals or animal parts has become one of the most lucrative black market activities in the world. Driven by the promise of high profit margins, poachers in Africa – namely militias, armed groups, and insurgent groups...
Is A Steady State Economy Possible?: Gail Tverberg
A Steady State Economy is one that seeks to balance growth with environmental integrity by maintaining stable or mildly fluctuating levels in population and consumption of energy and materials. In our current global scenario – with population and demand...
The US & China Must Co-Lead The World In Counter-Terrorism: Dan Steinbock
Neither the U.S., with all of its military muscle and more than 40 percent of annual military expenditures worldwide, nor China, with its rising economic clout and military modernization, can effectively contain globalized terrorism on their own. Yet if they...
Why Economies Must Invest In Equal Opportunities For All Children: Jeffrey Sachs
Children are every country’s most vital resource; yet even high national incomes do not guarantee children’s well-being. According to a new UNICEF study, societies that have a strong commitment to equal opportunity for all of their children – and that...
IMF, Global Leaders Back World Bank’s Vision To End Extreme Poverty By 2030
At a meeting of the World Bank's Development Committee on Saturday, global finance officials from around the world, alongside the IMF, endorsed the bank’s goal to end extreme poverty by 2030, calling the initiative a “historic opportunity” to make a...
1 In 4 Children Worldwide “Stunted” From Malnutrition: UNICEF
More than a quarter of children under the age of 5 worldwide are permanently "stunted" due to malnutrition, claimed a report by the United Nations Children’s Fund (UNICEF) on Monday, noting that the damage done to a child’s body and...