North Korea Leads as Global Slavery Hits 46 Million
North Korea has by far and away that largest portion of its population who live in "modern slavery." No other nation is close.
Economy
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New Hampshire Spends Least Among States on Public Higher Education
New Hampshire spends the least on public higher education among America's 50 states. In most states in which this is true, tuitions are high.
Trump’s Mistake: 9 Counties Running Out of Water
Unlike several past winters, this last one was relatively wet in California, relieving drought conditions in the northern part of the state and allowing the state to lift some of water restrictions.
California Drought Covers 61% of State, as Trump Denies It
Donald Trump told an audience in Fresno, Calif., Friday that "there is no drought" and that the state has "a water problem that is so insane."
Temperatures Rise Above 110 Degrees in India and Algeria
Saturday morning, the city of Ramgundam, India, recorded a temperature of 114.8°F, tied with a town in Algeria for the day's highest temperature in the world.
439 People Expected to Be Killed in Memorial Day Crashes
Some 439 drivers are expected to die in car accidents this Memorial Day weekend. The true advent of self-driving cars cannot come too soon.
US Treasuries Dodge Saudi Bullet; Inflation Expectations at 8-Year High
It now appears that the U.S. Senate’s unanimous vote on a bill that would have exposed the Saudi Arabian government to American lawsuits over alleged involvement in the 9/11 attacks was a sham.
Mixed Bag in Consumer Sentiment Revision
The University of Michigan has released its monthly revision for consumer sentiment in May. It still showed a robust gain from the prior month, but far less than originally forecast.
Q1 GDP Revision Higher, Yet Disappointing
First-quarter GDP growth saw a revision, and it raised to 0.8% from the prior 0.5%. This report was incredibly slow, and it was also under the expectations.
Durable Goods Strength Skewed by Aircraft Orders
Thursday's report on durable goods was, no pun intended, quite durable. The headline report showed a gain of more than 3% in the month of April.
Pittsburgh Is Best City for New College Grads
A new study claims that of the top 10 cities for new college graduates not a single one is in the tech hot areas on the West Coast.
Fitch Trims US GDP Expectations for 2016, Raises China GDP View
Fitch Ratings has issued its latest Global Economic Outlook. Unfortunately, that outlook is calling weaker growth in gross domestic product (GDP) for the United States in 2016.
Will Durable Goods Bring Another Disappointment?
If there is one economic release that can bring big swings to expectations, it is the monthly durable goods report. This is also one of the most volatile of all economic reports.
Narrower Trade Deficit Seen in April 2016
The U.S. Department of Commerce showed that imports and exports of goods were up in April, compared to March.
Household Debt Trends Improve in Q1 2016, With Bankruptcies Way Down
The total levels of household debt balances rose during the first quarter of 2016, according to the Federal Reserve Bank of New York.