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  Sunday, July 05, 2015  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 …
 
More Articles


  • China curbs IPOs, enlists brokers in all-out bid to end market rout 5 Jul 2015 | 2:17 am

    An investor is reflected on an electronic board showing stock information at a brokerage house in ShanghaiBEIJING/SHANGHAI (Reuters) - Beijing intensified efforts at the weekend to pull China's stock markets out of a nose-dive that is threatening the world's second-largest economy, with top brokerages pledging to buy massive amounts of shares and a report that the government has set up a market stabilization fund. Beijing has also suspended new share offers in an attempt to take pressure off the market after a 30 percent plunge in three weeks, the Wall Street Journal said. The reported suspension of initial public offers (IPOs) came a few hours after extraordinary announcements by major brokers and fund managers, which collectively pledged to invest at least $19 billion of their own money into stocks.


  • Greece votes in referendum with future in euro in doubt 5 Jul 2015 | 1:07 am

    A woman holds the flag of Greece at the 'Greek solidarity festival' in Trafalgar Square, LondonBy Deepa Babington and George Georgiopoulos ATHENS (Reuters) - Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain. Staged against a backdrop of shuttered banks and threats of financial apocalypse, the vote looked too close to call and may not produce the clear mandate for negotiations that Athens’ creditors seek. Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation" and is urging people to reject.


  • Chinese tourists boost Thai economy but stir outrage 5 Jul 2015 | 12:45 am

    Last year around 4.6 million Chinese nationals visited Thailand, with the average tourist spending 5,500 baht ($160) per day -- more than the average European visitorAccused of urinating in public, spitting on the street, or kicking a sacred temple bell -- free-spending Chinese tourists are receiving a mixed welcome as their soaring numbers help the kingdom's creaking economy. Last month it was a photo of a young girl peeing in the grounds of Bangkok's Grand Palace that triggered the latest round of enraged, and sometimes racist, comments as Thai social media users claimed she was Chinese. In March a Thai model's video of tourists from China jumping the queue at an airport was viewed more than two million times and saw a similarly angry rant against Thailand's largest group of foreign holidaymakers.


  • Small is beautiful, say South Koreans making plans to marry 4 Jul 2015 | 9:51 pm

    Groom puts a wedding ring on his bride's finger during a wedding ceremony at a budget wedding hall at the National Library of Korea in Seoul, South KoreaBy Christine Kim SEOUL (Reuters) - The night before their wedding, Kim Kwang-yoon and Cho Jin-oh were up until 2 a.m. with the bride's mother, setting tables. With South Korea's average wedding expenditure last year at nearly $64,000, or about double that of the United States, more citizens are spurning lavish events for smaller functions as the economy slows, the age at marriage rises and parents nearing retirement have less money to splurge. The average expenditure, from a survey by wedding planner Duo, excludes the cost of housing, traditionally provided by parents.


  • Rubbing along with robots tackles Abe's double dilemma 4 Jul 2015 | 8:06 pm

    File photo of humanoid robots working side by side with employees in the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of TokyoBy Leika Kihara and Kaori Kaneko TOKYO (Reuters) - Factory worker Satomi Iwata has new co-workers, a troupe of humanoid automata that are helping to address two of Japan's most pressing concerns - a shortage of labor and a need for growth. The 19 robots, which cost her employer Glory Ltd about 7.4 million yen ($60,000) each, have eye-like sensors and two arms that assemble made-to-order change dispensers alongside their human colleagues in a factory employing 370. Glory is in the vanguard as Japanese firms ramp up spending on robotics and automation, responding at last to premier Shinzo Abe's efforts to stimulate the economy and end two decades of stagnation and deflation.