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  Sunday, May 01, 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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  • Rousseff says opponents plotting to water down Brazil labor laws 1 May 2016 | 1:37 pm

    Brazilian President Rousseff reacts as she attends a ceremony marking the extension of the Programa Mais Medicos, in BrasiliaBrazilian President Dilma Rousseff on Sunday accused her opponents of plotting to water down existing labor legislation and cutting social stipends for the poor if Congress puts her on trial for allegedly breaching budget rules. Rousseff, speaking at a Labor Day rally in São Paulo, said her ouster from office would open room for a dismantling of labor rules that have protected millions of workers in Latin America's largest economy. In her speech, she did not name the opponents she was referring to.


  • Kazakh leader evokes Ukraine as land protests spread 1 May 2016 | 11:17 am

    Kazakhstan’s President Nursultan Nazarbayev waves to audience as he attends celebrations to mark Kazakhstan People's Unity Day in Almaty, KazakhstanKazakh President Nursultan Nazarbayev, facing a growing wave of protests against planned changes to land ownership, evoked the image of war-torn Ukraine on Sunday as he called for national unity. Speaking at an event in Almaty to mark the annual May 1 Unity Day celebrations, Nazarbayev highlighted Ukraine, where street protests in 2013-2014 toppled the government of Viktor Yanukovich, as an example of what could happen in the absence of unity. "Ukraine, the second-biggest ex-Soviet state, today has an economy which is half the size of Kazakhstan's," the president said.


  • Foreign minister reaffirms Japan's economic ties to Thailand 1 May 2016 | 8:57 am

    Japanese Foreign Minister Fumio Kishida shakes hands with Thailand's Foreign Minister Don Pramudwinai at the Ministry of Foreign Affairs in BangkokJapan's foreign minister arrived in Bangkok on Sunday aiming to reaffirm economic ties after Japanese investments in Thailand slumped last year amid political concerns as well as stiff competition emerging from more nimble neighbors. Japan has historically been the largest investor in Thailand, Southeast Asia's second biggest economy, which it sees as an important production base. Increased competition from the region's newer economies, such as Vietnam and Myanmar, is posing another threat to foreign investment in Thailand.


  • German economy minister cancels Iran trip due to illness, official says 1 May 2016 | 6:39 am

    German Economy Minister Gabriel presents the spring economic outlook at a news conference in BerlinGerman Economy Minister Sigmar Gabriel has fallen ill and therefore canceled a trip to Iran where he was expected to co-chair an economic conference with his Iranian counterpart, a German government official said on Sunday. German industry has been hoping for a surge in exports to Iran after international sanctions were lifted in January in return for the Islamic Republic complying with a deal to curb its nuclear program. The minister had planned to co-chair an economic conference with Iranian counterpart Ali Tayyebnia in Tehran on Tuesday, and German companies had seen the event as a potential catalyst for increasing exports to Iran to as much 5 billion euros per year, double their current worth.


  • China manufacturing index expands at slower pace 1 May 2016 | 6:12 am

    China's economy, a vital driver of global expansion, grew 6.9 percent last year, its weakest rate in a quarter of a centuryChina's economic recovery stabilised in April, an official factory activity gauge showed Sunday, as the property market recovered and credit grew. The Purchasing Manager's Index (PMI), tracking activity in factories and workshops, rose for the second successive month, the National Bureau of Statistics said.