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Posts related to ‘Economy’

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Why Average Gas Prices Will Reach Two-Year Memorial Day High

Gasoline prices for Memorial Day will reach a two-year high, according to data from the AAA Fuel Gauge Report. It is not clear at all what, if anything, this will do ...
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Spending Will Trump Sequestration; Better Unemployment and GDP in 2013 and 2014

The message you need to send to Washington D.C. is that consumer spending is outshining the ill effects of the sequestration cuts. A new report from the National Association for ...
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Chicago

Chicago Fed National Activity Feels Like Recession

The Chicago Federal Reserve has released its National Activity Index for the month of April. Unfortunately, the move was in the wrong direction. April saw the drop down to -0.53 ...
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Tax

EU Will Pursue Tax Cheats

European Union leaders will turn to one of the most crippling parts of the region's economies -- tax dodging. Given the size of the underground economies in Spain and Greece, ...
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Old Home

Poverty Rates: The Suburban Life Loses Its Luster

The original concept behind the creation of the suburbs was that they were an oasis for the middle class, fairly far from the bustle of cities and away from the ...
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Old Palace in Kabul

Bernanke Argues Innovation Could Salvage U.S. Economy

If innovation and inventiveness are the qualities which drive America to become the largest economy in the world, perhaps the same qualities will put the U.S. out of its multiyear ...
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Manufacturing

State Unemployment Rates Post Little Change in April

The US Bureau of Labor Statistics (BLS) today released its data on state and regional unemployment for April. Compared with March data, unemployment rates fell in 40 states and the ...
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Consumer Sentiment Index, Leading Economic Indicators on the Upswing Again

Consumer sentiment as measured by the University of Michigan/Thomson Reuters index jumped from a weak 76.4 reading in April to a more robust 83.7 in May. Economists had expected a ...
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Old Home

The American Family Runs out of Money

How much money does it take to live even modestly in the United States? Median household income runs about $51,000. In real terms, that is down 7% since the start ...
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Japan GDP Jumps 3.5%: Economic Miracle Resurrected?

The Japanese economic miracle, which died more than two decades ago, may be in the early stages of resurrection. First-quarter gross domestic product (GDP) rose 3.5%, a number that was ...
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No Inflation, but New York Fed Manufacturing Zone Enters Recession Levels

More economic data is out for the markets to chew on. The good news is that inflation appears to be remaining nonexistent. The bad news is that manufacturing in the ...
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Germany

German Recession May Have Already Started

The German Federal Statistics Bureau (Destatis) reported that the country's gross domestic product (GDP) barely grew in the first quarter. If the balance of the world's developed economies is any ...
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Blueberry Pie

California Budget Progress Tops CBO U.S. Spending Improvement

The U.S. budget deficit as forecast by the Congressional Budget Office (CBO) may drop to $643 billion in fiscal 2013, which would be a substantial improvement from earlier predictions. However, ...
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EU Recession Worsens

Eurostat, the statistics arm of the European Commission, reported that, in the first quarter, the recession in Europe worsened, and there are absolutely no reason to think the situation will ...
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April Import and Export Prices Bring Bull-Bear Tug of War

Import and export prices were tame in the month of April. The Labor Department's reading of import and export prices showed that import prices rose by 0.5%, right in line ...
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