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  Sunday, September 25, 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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  • Parliament must be fully informed on Brexit strategy - opposition leader 25 Sep 2016 | 5:12 am

    Newly re-elected opposition Labour Party leader, Jeremy Corbyn, speaks during Labour's women's conference on the eve of the Labour Party annual conference, in LiverpoolBritain's parliament must be kept fully informed about the government's strategy for leaving the European Union, Jeremy Corbyn, leader of the main opposition Labour Party, said on Sunday. Prime Minister Theresa May has said parliament would play a role in Britain's exit from the EU but that she will be leading the negotiations and will make the final decision on what deal the country gets. Asked by the BBC's Andrew Marr whether that was democratic, Corbyn said: "I don't think it's democratic and I don't think it's sustainable at all." "This is a huge political issue, it's the most significant economic issue facing Britain in my or your lifetime and I think at the very least parliament should be fully informed." He said Labour had set up a Brexit team to demand information from the government and also get involved in talks.


  • UK parliament must be fully informed on Brexit strategy: opposition leader 25 Sep 2016 | 4:11 am

    Newly re-elected opposition Labour Party leader, Jeremy Corbyn, speaks during Labour's women's conference on the eve of the Labour Party annual conference, in LiverpoolBritain's parliament must be kept fully informed about the government's strategy for leaving the European Union, Jeremy Corbyn, leader of the main opposition Labour Party, said on Sunday. Prime Minister Theresa May has said parliament would play a role in Britain's exit from the EU but that she will be leading the negotiations and will make the final decision on what deal the country gets. Asked by the BBC's Andrew Marr whether that was democratic, Corbyn said: "I don't think it's democratic and I don't think it's sustainable at all." "This is a huge political issue, it's the most significant economic issue facing Britain in my or your lifetime and I think at the very least parliament should be fully informed." He said Labour had set up a Brexit team to demand information from the government and also get involved in talks.


  • US-EU economic relations in for stormy weather 25 Sep 2016 | 12:41 am

    European authorities' decision to force Apple to pay $14.5bn in taxes to Ireland infuriated officials in Washington and is still ruffling feathersWith spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in US-European economic relations. European authorities' decision in late August to force the American giant Apple to pay $14.5 billion in taxes to Ireland infuriated officials in Washington and is still ruffling feathers. US Treasury Secretary Jacob Lew has repeatedly expressed his astonishment and openly accused the Europeans of "disproportionately" focusing on US corporations.


  • Ex-IMF boss Rato on trial over bankers' luxury sprees 25 Sep 2016 | 12:30 am

    Former IMF head and former Spanish economy minister Rodrigo Rato (L) will stand trial with 65 other former executives and board members at Caja Madrid and BankiaFormer IMF chief Rodrigo Rato stands trial Monday accused of overseeing a "corrupt system" that helped him and other executives misuse funds on hotels, parties and luxury shopping when he was a Spanish bank boss. Uncovered in 2013 by a journalist who saw a hacked email alluding to "black credit cards," the case threatens to land the former economy minister and onetime star of the ruling conservative Popular Party (PP) in jail and with a hefty fine. It is also another thorn in the PP's side after repeated failed attempts to form a government following two inconclusive elections, due to a lack of support that is in large part due to corruption scandals sullying the party.


  • China, Cuba agree to deepen ties during PM Li's Havana visit 24 Sep 2016 | 8:08 pm

    Cuba's President Raul Castro (R) shakes hands with Chinese Premier Li Keqiang during their meeting at Havana's Revolution Palace, CubaChinese Prime Minister Li Keqiang met with Cuban President Raul Castro on Saturday during a two-day trip to Havana, and the two leaders oversaw the signing of around 30 agreements on economic cooperation in various sectors, Cuban state media reported. Li is the first Chinese premier to visit Cuba since the two countries established diplomatic relations 56 years ago, although President Xi Jinping visited in 2014. China is Cuba's second largest trading partner after Venezuela.