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  Monday, May 25, 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

  • AfDB sees Africa's GDP growth nearing pre-crisis levels 25 May 2015 | 9:01 am

    Employees work in the new Renault factory in Oran, west of AlgiersBy Joe Bavier ABIDJAN (Reuters) - African economies will grow 4.5 percent this year and 5 percent in 2016, approaching levels last seen before the 2007 global financial crisis, as economic prospects improve worldwide, the African Development Bank (AfDB) said. "If you ask me today what I think of events affecting Africa and African economies in 2014, I would say the lesson pertaining is resilience in the face of global adversity," the AfDB's chief economist Steve Kayuzzi-Mugerwa said.

  • Iran will need to spend most of any post-sanctions windfall at home 25 May 2015 | 8:52 am

    By Lesley Wroughton and Sam Wilkin WASHINGTON/DUBAI (Reuters) - Iranians will demand their government spend a windfall from the lifting of economic sanctions on improving the quality of life at home, limiting the degree to which a future nuclear deal could fund Tehran's allies on Middle East battlefields. Since 2012, Iran has given support worth billions of dollars to regional allies, funding and arming mainly fellow Shi'ite Muslims in conflicts that have taken on a sectarian dimension. Within months of financial sanctions being lifted, Iran will be able to collect debts from overseas banks that may exceed $100 billion, mostly from oil importers whose payments have been blocked, diplomats and analysts said.

  • Europe stocks stumble, dollar lifted by U.S rate view 25 May 2015 | 7:25 am

    Traders work at their screens at the stock exchange in FrankfurtBy Emelia Sithole-Matarise LONDON (Reuters) - European shares fell in thin trade on Monday while the dollar powered ahead after U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year. Investor concerns about Greece's debt problems and a poor regional and local election result by Spain's ruling People's Party also weighed on the euro and European shares. The pull-back in European stocks mirrored losses on Wall Street on Friday after Yellen suggested the Fed was ready to act if the economy kept improving as expected, though a raft of recent data has suggested it is growing only modestly in the second quarter.

  • Union Bank of Nigeria to close branches early due to fuel shortage 25 May 2015 | 7:12 am

    (Reuters) - Union bank of Nigeria said on Monday it would close all of its branches across Africa's biggest economy at 2 pm local time due to a national fuel shortage as it relies on diesel generators to run its operations. "We are closing operations by 2 pm today because of lack of fuel to power our operations," a bank spokesman said.

  • Botswana's growth to remain above 4 pct: central bank 25 May 2015 | 6:00 am

    View of diamond cutting factory in Botswana's capital GaboroneGABORONE (Reuters) - Botswana's economy received a 10 billion pula ($1 billion) jump in the balance of payments in 2014 from the previous year, which should help maintain annual growth above 4 percent, the central bank said on Monday.