Economy

Student Debt Stopped 400,000 Home Sales

Between 2005 and 2014, the homeownership rate among Americans in an age range of 24 to 32 dropped by 8.8 percentage points, more than double the drop in the number ...
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5 Huge Industries That Will Be Hurt by Government Shutdown

The government's partial shutdown will hurt some parts of the economy much more than others. The 800,000 government employees out of work are not among the richest Americans but mostly middle ...
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Shutdown Could Cost Economy $4 Billion a Month

The cost to the U.S. economy for the missing paychecks for some 800,000 federal employees who were not paid last week runs to an estimated $4.3 billion. The economy will ...
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What Americans Should Know About Tuesday’s Failed Brexit Vote

Tuesday, January 15, 2019, was a big but not so bright day in the United Kingdom. The British Parliament delivered a very wide defeat to Prime Minister Theresa May's proposed ...
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Why Chinese Investments in US Have Tumbled 90% in Just 2 Years

There was a time, not so long ago, when many U.S. economists were warning that the Chinese government's purchases of U.S. Treasuries were a threat to the dollar's position as the ...
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LA Teacher Strike Sidelines 600,000 Students

Teachers at the Los Angeles Unified School District (LAUSD) have gone on strike to protest what they claim are classes with too many students. The United Teachers Los Angeles union ...
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Producer Price Index Moves From Inflation Back to Deflation

Not that long ago, the Federal Reserve and the financial markets were worried about endless inflation ahead. Zoom forward into 2019, with lower oil prices and the Fed admitting it ...
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Is Wage Growth a Sign of Looming Inflation?

Last Friday, the U.S. Bureau of Labor Statistics reported that real (inflation-adjusted) average hourly earnings in the United States rose by 1.2% year over year in December. That may not ...
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Most Americans Don’t Expect Their Finances to Improve

As a partial government shutdown begins to bite the economy, trade friction with China increases and real wages have been close to static for over a decade, Americans do not ...
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As Shutdown Lingers, Trump Remains Odds on Favorite to Win in 2020

The partial shutdown of the federal government and violent tug-of-war over the construction of a wall between the United States and Mexico has not hurt Donald's Trump's odds to win ...
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The Government Still Forecasts the Weather, for Now

People take weather reporting for granted, which for decades has been the case. The National Weather Service, the core of the nation's weather tracking operations remains open, for now. The ...
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Federal Reserve Payments to Treasury Decline With Balance Sheet Shrinking

The Federal Reserve announced on Thursday that it had sent payments of approximately $65.4 billion back to the U.S. Treasury from its estimated net income in 2018. The Federal Reserve ...
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What Will Be the World’s Biggest Economies by 2030?

Currently, the top economy in the world is that of the United States, but it could be overtaken in the next decade according to forecasts by Standard Chartered. Looking ahead ...
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Germany Enters 2019 Teetering on the Brink of Recession

The European Central Bank wants to reverse its multiyear path of economic stimulus and quantitative easing. Unfortunately, that desire may not become reality. Germany is Europe's largest economy, and there ...
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December Small Business Optimism Dips as Hopes for Economic Growth Slide

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for December dipped from 104.8 in November to come in at 104.4. The August ...
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