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  Saturday, May 28, 2016  Home > Money > Economy
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Tracing America's Urban-to-Urban Migration Through the Recession


There’s obviously a lot of talk about the rural-to-urban shift that’s underway in countries all over the world. The majority of people now live in urban areas, and that’s not expected to change. But many countries have had urban majorities for decades. The United States, for…
 

January inflation remained under control in both the U.S. and Canada

Canada  inflation – all items CPI vs CORE
In January, the rate of inflation in Canada increased a little from +2.3% the month before to +2.5%, according to Statistics Canada. That was the year-over-year change in the Consumer Price Index (CPI). In the U.S., the inflation rate fell back ever so slightly to…
 

Inflation Doesn’t Just Happen

U.S. Foreign Reserves vs. Consumer Price Index Chart
First of all, inflation is man-made. It is the wealth-destroying outcome of reckless monetary and fiscal policies. For instance … From 1949 to 1969, when the Bretton Woods monetary system was working properly, official foreign exchange reserves increased 55 percent globall…
 

Japan: The Sleeping Sovereign Debt Giant

General Government Debt
(May 2010) Over the course of this year in my Money and Markets columns I've presented some compelling reasons why the euro zone and the euro were in for a life threatening crisis. And despite the general consensus along the way that the problems in Greece were contained …
 

U.S. November retail sales played a role in boosting the economy

U.S. retail sales – three months smoothed
Media hype concerning records set by retailers on Black Friday and Cyber Monday may have led to unrealistic expectations of how strong the November retail sales report from the Census Bureau would be. The total dollar volume pulled ahead 0.2% month to month, which was …
 

Sticking Out the Neck


“Never volunteer!” is the old army adage. “Volunteering looks great on the resume!” is the old job-hunter’s adage.   I was never in the army and never will be, now, as I’m 48. I am, however, coming into my 19th month of unemployment and I have a son with autism, so I thoug…
 

China–ASEAN Free Trade Area

ASEAN-China Free Trade Area
The ASEAN–China Free Trade Area (ACFTA), also known as the China–ASEAN Free Trade Area  is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China. The initial framework agreement was signed …
 
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  • Lufthansa suspends Caracas flights as Venezuelan economy struggles 28 May 2016 | 5:01 pm

    Ground staff of Frankfurt airport operator Fraport stand on a ladder in front a Lufthansa Logo at Frankfurt AirportGerman airline Deutsche Lufthansa AG said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars. "We deeply regret that for these reasons, we will be forced to suspend our service between Caracas and Frankfurt as of June 18," the company wrote in a statement, noting that demand for international flights to Caracas dropped in 2015 and the first quarter of 2016. Lufthansa does not plan to shut its office in Caracas.


  • German economy minister blasts Merkel on EU-US trade treaty 28 May 2016 | 1:59 pm

    German Chancellor Angela Merkel and German Vice Chancellor, Economy and Energy Minister Sigmar Gabriel gives a news conference following the weekly cabinet meeting on May 25, 2016 in Meseberg near Gransee, northeastern GermanyGermany's economy minister lashed out at Chancellor Angela Merkel for her "wrong" stance on a huge EU-US free trade pact in an interview to be published Monday, signalling a deepening rift within the government over the controversial accord. Sigmar Gabriel, also the vice chancellor, told the RND group of regional papers that his Social Democratic Party "doesn't wish to be part of a bad deal", as he warned against a hastily negotiated agreement on the so-called Transatlantic Trade and Investment Partnership (TTIP). Washington and Brussels want the TTIP completed this year before Obama leaves office, but it has faced mounting opposition on both sides of the Atlantic.


  • France's Macron launches door-to-door campaign as presidency battle looms 28 May 2016 | 5:14 am

    French Economy Minister Emmanuel Macron speaks during the questions to the government session at the National Assembly in ParisBy Michel Rose PARIS (Reuters) - French Economy Minister Emmanuel Macron launched what he called a "Great March" on Saturday, a door-to-door campaign across France to collect voters' grievances ahead of 2017 presidential elections, in a new sign of his political ambitions. Some 60 teams of 10-40 volunteers will knock on voters' doors in about 50 cities across France, asking questions such as "What do you think doesn't work in France?", a spokeswoman for "En Marche" party told Reuters. Macron unveiled his movement in April, saying he wants it to be neither of the left nor the right.


  • Militants attack major Nembe pipeline in Nigeria's Delta -officials 28 May 2016 | 5:14 am

    By Tife Owolabi YENAGOA, Nigeria (Reuters) - Militants attacked the major Nembe pipeline in Nigeria's Delta region, two officials said on Saturday, hours after the Niger Delta Avengers militants claimed a strike on the facility. Nigeria's oil output has fallen to a 20-year low due to attacks on oil pipelines in the southern swamps, home to much of its oil and gas wealth, which have compounded the impact of low oil prices on Africa's largest economy.

  • Egypt GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year 28 May 2016 | 5:04 am

    Egypt's economy grew 4.5 percent in first half of 2015/2016 fiscal year, down from 5.5 percent growth in the previous year, the country's planning minister said on Saturday. Total GDP for first half of fiscal year 2015/2016 was 1.4 trillion Egyptian pounds ($158 billion) in the first half compared with 1.275 trillion pounds in the same period last year, the minister said. Second quarter growth for 2015/2016 was 3.8 percent from 4.3 percent a year earlier, planning minister Ashraf al-Arabi told a press conference.