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Russian Economy Sinks Further in Third Quarter
The Russian economy contracted 4.3 percent in the third quarter, as economic sanctions continue to plague the economy, according to AFP. Russia was also hit hard by falling oil...
OECD Warns Ireland That Growth Will Take More Than Just Low Taxes
Ireland has among the lowest taxes in Europe. However, the Organization for Economic Cooperation and Development (OECD) is not impressed. They warned Ireland that it will have to spend...
China Sees Lower Growth, Higher Stock Prices
Despite indicators of a continually cooling macroeconomic environment, Chinese stocks continue higher, even as disinflation and weak factory activity signal continued weakness. Despite indicators of a continually cooling macroeconomic...
Homeless Population Explodes in Hawaii
According to government data, Hawaii has a homeless population of 487 out of every 100,000 person, the highest number per capita in the United States, reports ABC News. The...
IMF to Monitor Iraq as Precondition for Loan
Tuesday, Iraqi officials agreed to allow the International Monetary Fund (IMF) to monitor its economic policies in order to pave the way for possible funding in 2016. The IMF’s...
Consumer Credit Surges as Cash-Strapped Americans Grab Plastic
Consumer credit growth rates reached 60% in September on a surprising surge in credit card debt, just as fears of an interest rate hike are causing credit to get...
Black Economy Flourishes in North Korea
North Korea's black economy becomes a way of life as the poor and entrepreneurs look for alternative means of survival, according to Reuters. The underground market signals a slow...
World Bank Warns that Climate Change Could Lead to 100 Million New Poor
Climate change has been on many people's minds for the last few years, but few consider how it could affect the poorest members of society. A recent report by...
Finance Dominates U.S. GDP Growth
Finance and insurance is seeing the largest increases in its contribution to America’s GDP, largely due to more Federal Reserve banks and use of credit in America and in...
Myanmar Opposition Gains Advantage during Election
Myanmar's recent held the freest in the nation's history, and oppositional party, the National League for Democracy, expects to gain the majority, according to CBS. However, only a certain...