This Country Is Buying Sand to Literally Make Itself Bigger
Sand is not generally on the list of a country's most essential imports. However, one nation has become the world's largest sand importer by far.
Economy
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By 2050 Winter Will Not Exist in Australia
Based on historical data and current projections, by 2050 winter as Australians currently know it will cease to exist. A new visualization tool shows exactly what that means. Other researchers released a similar tool…
February Small Business Optimism Posts Slight Recovery
Small business optimism rose less than economists expected in February following a big tumble in January primarily due to the partial government shutdown that had begun in late December.
Inflation Rate at Acceptable Fed Levels in February
The U.S. Department of Labor has released its consumer price index (CPI) as being up 0.2% on the headline CPI reading and up just 0.1% excluding food and energy reading. Dow Jones was calling…
Cities With the Most Unauthorized Immigrants
A new report from Pew Research shows that the number of unauthorized immigrants residing in major U.S. metro areas dropped significantly between 2007 and 2016.
The Death of Retail Sales May Have Been Premature
The U.S. Department of Commerce reported that total retail sales posted a seasonally adjusted gain of 0.2%, but that was better than expected.
One of the World’s Largest Cities Could Go Bankrupt, and It’s in the US
It seems improbable that any large city in the world could go bankrupt. According to experts, it could occur in one of the world's largest cities, as it nearly there did in 1975.
This Nation’s Massive Economy Could Be Heading Toward Recession
China's trade data came out today. It showed exports fell sharply in February, a stunning drop took economists by surprise.
Mario Draghi Drops a Slowing European Growth Bomb on Markets
The European Central Bank has announced that its interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged.
Rare Upgrade of Greece’s Credit Rating Does Little for Its Stocks
It seems hard to imagine much good news coming out of Greece concerning its economy. After all, it has what feels like a decade-long negative track record.
2018’s Top Consumer Frauds
The number of fraud reports reported to the U.S. Federal Trade Commission rose by 37% year over year in 2018. Imposter scams and identity theft were primary drivers of the increase.
Tariff Impact Reduces US Consumer Income by $1.4 Billion a Month
The U.S.-China trade war is costing Americans about $1.4 billion a month in real income due to higher prices for goods that have been almost completely passed through by manufacturers and importers to consumers.
Manufacturing Activity Shows Signs of Slower Growth for February
The Institute for Supply Management has released its manufacturing report for February. The purchasing managers index report showed that manufacturing expanded at a slower rate.
February Consumer Sentiment Index Falls Short of Consensus
The University of Michigan consumer sentiment index fell short of economists' expectations. The overall index dropped by nearly two points compared with the midmonth preliminary index.
Q4 GDP Provides Backdrop for Stronger 2018 Growth Story
The U.S. Department of Commerce reported that the economy grew more than expected in the fourth quarter of 2018.