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  Friday, August 26, 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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  • Tunisia PM warns of economic austerity, job cuts 26 Aug 2016 | 6:47 am

    Chahed speaks at the Assembly of People's Representatives in TunisBy Tarek Amara TUNIS (Reuters) - If Tunisia does not overcome its economic difficulties, an austerity program will be inevitable next year with thousands of public sector job cuts and new taxes, prime minister-designate Youssef Chahed told parliament on Friday. Chahed has promised his new government will take tough decisions to help growth in the economy and create jobs as the country comes under pressure from international lenders to push through reforms and trim public spending. Lawmakers were meeting on Friday to vote whether to approve Chahed's new government - a broad coalition of secular, Islamist and leftist parties, independents and trade union allies which he believes can deliver on economic reforms.


  • Zimbabwe police fire tear gas at opposition leaders - Reuters witness 26 Aug 2016 | 6:43 am

    HARARE (Reuters) - Zimbabwean police on Friday fired tear gas at opposition leaders Morgan Tsvangirai and former vice president Joice Mujuru as a protest rally against President Robert Mugabe descended into violence, a Reuters witness said. Tsvangirai and Mujuru fled the rally in their cars, the witness said. Security forces have cracked down on rising protests against Mugabe and the ruling ZANU-PF in recent months as the public vents its anger at economic mismanagement, high unemployment and chronic cash shortages. ...

  • Markets under pressure before Yellen 26 Aug 2016 | 6:37 am

    With an US interest rate hike unlikely in the immediate future, the dollar is struggling to gain tractionHong Kong (AFP) - European stock markets mainly fell on Friday, as investors waited on a speech from Federal Reserve chief Janet Yellen for clues over the outlook for US interest rates.


  • Stock markets cautious ahead of key Fed speech 26 Aug 2016 | 6:20 am

    Stock markets cautious ahead of key Fed speechStock markets were mostly lower Friday as investors awaited a speech by U.S. Federal Reserve Chairwoman Janet Yellen later in the day for cues on the timing of the next interest rate hike. KEEPING SCORE: ...


  • Zimbabwe protesters, police clash at anti-Mugabe rally 26 Aug 2016 | 5:51 am

    A woman runs past teargas as opposition party supporters clash with police in HarareBy MacDonald Dzirutwe HARARE (Reuters) - Zimbabwean police on Friday fired teargas and a water cannon to disperse anti-government supporters, who responded by hurling rocks, as a protest against President Robert Mugabe turned violent, a Reuters witness said. More than a hundred police officers in riot gear, backed up by water cannons and armored trucks, occupied the venue that opposition parties planned to use for their march. Mugabe's opponents have become emboldened by rising public anger and protests over an economic meltdown, cash shortages and high unemployment.