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  Monday, April 27, 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 …
 
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  • Kerry, Iran's Zarif to meet at UN anti-nuclear arms conference 27 Apr 2015 | 12:10 am

    U.S. Secretary of State Kerry and Iran's Foreign Minister Zarif pose for a photograph before resuming talks over Iran's nuclear programme in LausanneBy Louis Charbonneau UNITED NATIONS (Reuters) - Iranian Foreign Minister Mohammad Javad Zarif will meet U.S. Secretary of State John Kerry at the opening of a UN conference on the global anti-nuclear weapons treaty on Monday, as they try to make progress in talks on a long-term atomic deal. Iran's top diplomat will be the first state party to the 1970 nuclear Non-Proliferation Treaty to address its 190 signatories at the United Nations headquarters in New York on behalf of 118 non-aligned nations that have signed the NPT, the world's benchmark disarmament pact. Zarif and Kerry will meet on the sidelines to discuss negotiations on a landmark nuclear deal with the United States and five other global powers as they try to secure a final agreement with Iran by a June 30 deadline. In a tentative deal reached on April 2 in Lausanne, Switzerland, between Iran and the six powers, Tehran, which denies seeking nuclear weapons, agreed to curb sensitive nuclear work for at least a decade in exchange for ending sanctions that have crippled its economy.


  • China plans to cut number of big state firms to 40: state media 26 Apr 2015 | 11:17 pm

    China will likely cut the number of its central government-owned conglomerates to 40 through massive mergers, as Beijing pushes forward a sweeping plan to overhaul the country's underperforming state sector, state media reported on Monday. "Resources will be increasingly concentrated on large enterprises to avoid cut-throat competition, like what CSR Corp Ltd and China CNR Corp Ltd did when competing against each other for projects overseas," the newspaper said. The restructuring plan is critical to President Xi Jinping's broader push to raise the performance of China's lumbering state sector, at a time when Beijing struggles to find the right policy mix to support the world's second-largest economy that grew in the first quarter at its slowest pace in six years.

  • Asian markets rise after Wall Street gains 26 Apr 2015 | 10:42 pm

    BEIJING (AP) — Asian stock markets rose Monday after Wall Street gained on strong earnings and investors looked ahead to Apple results and this week's U.S. Federal Reserve meeting.

  • Rupert Murdoch says Scottish self rule inevitable 'in next few years' 26 Apr 2015 | 7:21 pm

    Rupert Murdoch, Executive Chairman News Corp and Chairman and CEO 21st Century Fox speaks at the WSJD Live conference in Laguna BeachBy Guy Faulconbridge LONDON (Reuters) - Scotland is likely to win self rule in the next few years while the economic divide between the international powerhouse of London and the rest of the United Kingdom will deepen, media tycoon Rupert Murdoch said on Sunday. Murdoch, whose global media interests stretch from movies to newspapers that claim to turn elections, visited Scotland on the eve of the Sept. 18 independence referendum last year and praised the country of 5 million people for its lively debate. Scots rejected independence in that referendum, but the Scottish National Party is now forecast to win the majority of Scotland's seats in the United Kingdom's May 7 election, potentially making it the third largest party in Westminster. "Scots may be crazy or not wanting self rule, but who can deny right of self determination?" Murdoch, 84, wrote on his Twitter feed.


  • After crisis warnings, UK's Labour says no deals with Scottish nationalists 26 Apr 2015 | 2:51 pm

    Britain's opposition Labour party leader Miliband addresses an audience behind teleprompter during campaign event in LondonBy Andrew Osborn LONDON (Reuters) - Britain's Labour Party on Sunday ruled out a post-election deal with Scottish nationalists after Prime Minister David Cameron's Conservatives said such a tie-up could spark the biggest constitutional crisis since the 1936 abdication of the king. The policy shift, by Labour leader Ed Miliband, was designed to blunt what has become Cameron's main attack line before the May 7 election, a contest that is shaping up to be the country's closest and most unpredictable since the 1970s. The stakes are unusually high: Cameron is promising a European Union membership referendum which could see the world's fifth largest economy leave the trading bloc, while Scottish nationalists are pushing for a deal with Labour which opponents fear could pave the way for another independence referendum.