ThinkstockOne day after Christine Lagarde remarked that the International Monetary Fund may cut its global 2013 GDP forecast below its current 3.3%, Citigroup has cut its China forecast to 7.4%. The action likely is…
ThinkstockThe International Monetary Fund, and in particular chief Christine Lagarde, may cut its current forecast for 2013 GDP growth below its current estimate of 3.3%. She made comments about the possibility during a speech.…
ThinkstockThe derailment and subsequent explosion of a 73-car crude oil train in Lac-Megantic, Quebec, in the early hours of Saturday morning has killed at least three people and scores more are reported missing. What…
courtesy of Nokia Corp.S&P has come to the conclusion that Nokia Corp. (NYSE: NOK) is barely viable, if it is viable at all. In a new ratings report, S&P largely blamed a deal to…
Ed Brown, via Wikimedia CommonsIn June, the nation added 195,000 jobs and the rate was 7.6%. The number may have been luck more than skill. Hospitality and leisure jobs rose 75,000. The start of…
Total nonfarm payroll employment increased by 195,000 in June, and the unemployment rate was unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in leisure and hospitality, professional and…
ThinkstockItaly is economic trouble, according the International Monetary Fund (IMF). That conclusion is obvious, as is the usual refrain that only a quickening of reforms can pull the nation out of its GDP contraction.…
ThinkstockWhat does it cost to live in America. That depends on where people live. There should be no surprise in that given variations in poverty levels, household income, education, and the price of real estate…
ThinkstockAt this time last summer, less than a quarter of the lower 48 states had managed to escape a nationwide drought. As of yesterday, less than half the lower 48 are experiencing drought conditions.…
Frank Golhen, via Wikimedia CommonsAmericans still take great pride in being American. This despite economic trouble, and political turmoil. As a matter of fact, the nation’s reaction to strife may be one reason for…
The European Central Bank announced that it would keep its keep rates low, in the face of one of the worst recessions in the region’s history. GDP is falling in most countries. Unemployment in…
Following the lead of the Federal Reserve, the Bank of England kept interest rates low at .5%. It is certainly a sign that the BOE believes that the U.K. is nowhere near an economic…
July 3, 2013: U.S. equity markets opened lower this morning anticipating a blizzard of economic data out of the U.S. Mortgage purchase applications were first out, and down sharply from a week ago. Employment…
thinkstockIt probably had to happen sooner or later — and in technology, sooner is always better. A report at TechCrunch cites sources who have told the tech-gazing website that Samsung Electronics has acquired Israel-based…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 72 billion cubic feet last week, within the range for an expected build of between 51 and 75 billion…