Economy

As Alberto Churns in the Gulf, Hurricane Season Looms

Posted: May 25, 2018 at 11:25 am

The storm season has begun. The National Weather Service reports that activity may be higher than normal. The first storm out of the gate is Alberto, churning in the southern ...
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Is 2018 on Track for a Bigger Than Average Storm Season?

Posted: May 24, 2018 at 1:30 pm

With Memorial Day quickly approaching, hurricane season is almost upon us. Last year Texas was rocked by one of the most devastating hurricanes this country has seen, so there’s no ...
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The Gig Economy, Uber and Jobs

Posted: May 24, 2018 at 12:00 pm

For a while there a couple of years ago, it appeared as though we should all be considering giving up our day jobs and turning to the gig economy, where ...
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Why Are CEOs Paid 361 Times More Than Their Average Employees?

Posted: May 23, 2018 at 9:45 am

In 1980 the average CEO-to-worker pay ratio was 42:1. In 2017 the ratio was 361:1. Total CEO compensation averaged $13.94 million last year, compared to just $38,613 for the average ...
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Eurozone PMI Lowest in Over a Year

Posted: May 23, 2018 at 4:41 am

As a minor and perhaps fleeting warning about the eurozone's economic situation, its Purchasing Managers' Index (PMI), as reported by Markit, hit its lowest level in over a year. There ...
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The Great Recession Has Created a New ‘Lost Generation’

Posted: May 20, 2018 at 8:36 am

American expatriate writer Gertrude Stein usually gets credit for identifying the post-World War I generation of 20- and young 30-somethings as the "Lost Generation." Stein is referring to a generation ...
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10 Most Affordable US College Towns for New Grads

Posted: May 20, 2018 at 7:22 am

Now that you've got that college degree that gives you a key into "the company of educated men and women"--that's what we were told at least--where are you planning to ...
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What Millennials Are Willing to Spend on Their Pets

Posted: May 19, 2018 at 7:55 am

May is National Pet Month, and pets make up an incredibly important part of many consumers' lives. In fact, many pet owners spend a substantial amount of money on their ...
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NAFTA Negotiations Drag Past Deadline for US Action This Year

Posted: May 18, 2018 at 12:40 pm

Thursday came and went, as it usually does every week, but with one key difference: Thursday, May 17 was an informal deadline set by U.S. House Speaker Paul Ryan as ...
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Billionaires Growing Faster Than Population

Posted: May 18, 2018 at 6:25 am

Not only is the wealth gap growing in most parts of the world, but the number of billionaires is growing more rapidly than the entire population in some regions. The ...
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Michigan State’s Endowment Is $2 Billion, Nassar Victims Will Get $500 Million

Posted: May 17, 2018 at 6:20 am

Michigan State has settled suits that involved sex abuse by Larry Nassar, a sports doctor. The amount agreed upon to compensate approximately 300 women was $500 million. The university has ...
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Empire State Manufacturing Jumps in May

Posted: May 15, 2018 at 9:35 am

According to the May 2018 Empire State Manufacturing Survey, business activity grew strongly in New York. The headline general business conditions index rose four points to 20.1, beating out the ...
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Why This Ignored Indicator Is More Important Than Interest Rate Hikes

Posted: May 15, 2018 at 6:55 am

On the Bloomberg economic calendar, there’s a link in every week’s Thursday column for the Federal Reserve money supply. If this metric doesn’t seem important, it’s because it isn’t perceived ...
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How Much Millennials Are Spending on Their Pets

Posted: May 14, 2018 at 11:35 am

Pets are an incredibly important part of life. They provide companionship and teach responsibility. Now that it’s 2018 and more millennials are treating their pets like people. Not only are ...
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Memorial Day Travelers to Top 41 Million: AAA

Posted: May 14, 2018 at 10:05 am

The highest holiday gasoline prices in four years will not be enough to keep Americans from hitting the road for the Memorial Day holiday weekend. More than 41.5 million people will ...
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