The Baffling Trends of Lower Productivity and Higher Labor Costs
The second look at first-quarter productivity was revised to −0.6%, slightly better than the preliminary −1.0% seen in a prior BLS report.
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National Governments Rank Lowest in Sustainability Efforts
In a recent survey of sustainability experts, national governments are rated at the bottom of a list of organizations for their contributions to progress on sustainable development since the 1992 Earth Summit in Rio…
A Look at the World’s Smallest Economy by GDP: Tuvalu
Tuvalu's gross domestic product is listed at $39 million. How does such a tiny economy function?
As Tropical Storm Colin Nears Florida, Hurricane Expense Could Hit $535 Billion for Season
CoreLogic has set possible financial hurricane damage at over $500 billion, if storms exact the maximum damage forecast by its model of home replacement costs.
1 in 3 Cosigners for Auto Loans or Credit Cards Get Stuck With the Bill
About 17% of Americans have, at one time or another, cosigned on a loan or credit card for someone else. The bad news is that 38% of cosigners had to pay some or all…
Employment Trends Index Confirms Poor BLS Payrolls Data From Prior Week
The Conference Board reported that its Employment Trends Index fell in May and the six-month growth rate is now in negative territory.
How Swiss Voters Saved Their Economy by Overwhelmingly Rejecting a Universal Basic Income
Switzerland has overwhelmingly rejected a national referendum on a universal basic income. If it had passed, disaster would have loomed for Switzerland’s economy.
Temperature Drops to Minus 106 Degrees in Antarctica
The low temperature forecast for Sunday, June 5, in the Lower 48 states was around 48 degrees Fahrenheit (F). The lowest temperature recorded so far Sunday is −106.24°F at the Pole of Inaccessibility in…
8 Hottest Days in US History Were in Death Valley
No place in the U.S. gets hotter than Death Valley. For that matter, no place on earth has gotten hotter since July 10, 1913, when the temperature hit 134 degrees Fahrenheit (F). And the…
Honolulu Is Worst City for Single Mothers
Low pay, high housing costs (mostly rentals) and lack of education are among the hurdles that single mothers must overcome, and the hardest place to do that is in urban Honolulu, Hawaii.
Do Air Conditioners Cause Global Warming?
According to an MIT study, air-conditioning homes creates greenhouse gas emissions, one of the causes of global warming.
Atlanta Fed GDPNow Still Sees 2.5% GDP Growth in Q2
A forecast called GDPNow from the Atlanta Federal Reserve calls for 2.5% growth in gross domestic product in the second quarter.
May Delivers Massive Payrolls Disappointment, Despite Lower Unemployment
The U.S. Department of Labor just served up what looks like a very mixed employment situation report.
Caixin’s Services PMI Shows More China Slowing
As the world's second largest economy by gross domestic product, when China catches the flu, the balance of the world catches a cold.
Over $10 Trillion in Sovereign Debt Now at Negative Yields
According to a report came from Fitch Ratings, there was a whopping $10.4 trillion in sovereign debt with negative yields in May.