Since the subprime mortgage meltdown a few years ago and the economic downturn that hindered much of the United States, the housing market still remains a kick in the head, and as the Wall Street Journal’s MarketWatch writes, it "still isn't all fine and dandy." A phalanx of recent … [Read more...]
Iran’s carpet exports reach $57 million in Q1 amid sanctions
For hundreds of years, Persian carpets – or Persian rugs – have been an important aspect of the Iranian economy. Carpet-weaving has also become a fixture in Persian art and culture, and traces its origins to ancient Persia. Iranians are born on carpets and when they perish they are … [Read more...]
Dental assistants are making 20% less than Bureau of Labor Statistics data suggests
Being a dental assistant is considered to be one of the physically strenuous, demanding and stressful jobs in the labor market today. As dental assistants essentially become the glue that holds the office together and is usually the first one to arrive and the last one to leave, one … [Read more...]
Fed economists: ‘Onshoring’ is just a myth, misunderstanding of data
Over the past couple of years, a number of public officials and economists have presented the case that manufacturing jobs are returning to the United States from emerging markets as part of a trend called by some as "onshoring." Unfortunately for the U.S. labor market, it’s simply … [Read more...]
Mark Cuban thinks taxes will jump if inversions continue rising
United States President Barack Obama spoke with CNBC on Thursday to discuss the issue of "fairness" in the economy. Most of the interview consisted of the president talking about "inversions," a practice of U.S. companies merging with smaller overseas corporations to avoid paying … [Read more...]
American consumers cut back on spending this summer
This summer, the cost of pretty much everything has gone up: meat, eggs, fruit, vegetables, water and gas. Due to this, consumers have been cautious as to what they are consuming in the hot summer months of July and August. In fact, they are using various methods to cut back on … [Read more...]
Millennials stuffing cash under their matress instead of investing in the stock market
Despite the growing concerns that millennials will be defined as the “lost generation” and a group of people that will be worse off than their parents, reports show that those born between 1981 and 2000 will control approximately $9 trillion in assets in a few years and inherit $36 … [Read more...]
Mexican billionaire tycoon Carlos Slim argues in favor of a three-day work week
How would you react to a three-day work week that would entail of 11-hour days and workers delaying their retirement until the ages 70 or 75? This so-called "radical overhaul" is being suggested by Mexican billionaire tycoon Carlos Slim, who delivered a speech at a conference in … [Read more...]
Extramarital affairs come with hefty price-tag, $444 per month
Extramarital affairs have become common, and actually promoted, in today’s society. Television shows, motion pictures and magazine articles glorify cheating to immense proportions. Of course, such activities can lead to domestic strife, the end of a family and a pretty penny to your … [Read more...]
Time Warner rejects Rupert Murdoch’s $80 billion dollar takeover bid
Will Rupert Murdoch dominate the media landscape in the near future? Maybe. Time Warner rejected an $80 billion takeover offer from Rupert Murdoch’s 21st Century Fox and confirmed that it has no other interest in speaking with the media entertainment juggernaut. It was noted that … [Read more...]
Russia makes $32 billion dollars of Cuba’s outstanding debt disappear
Are Moscow and Havana becoming strong allies again? It does indeed appear so. Russia has officially eliminated approximately $32 billion of Cuba’s outstanding debt, which dates back decades ago when the country received it from the Soviet Union. Cuba will still be required to pay … [Read more...]
Dogs are no long “just pets”, insurers cash in on pet insurance
If you have ever owned a pet then you will understand first-hand the costs that are associated with taking your dog and/or cat to the veterinarian. The costs have become so enormous that families can spend up to $200 on a checkup and $600 for a simple teeth cleaning. In order to tap … [Read more...]
Grover Norquist calls Internet taxes an ‘awful idea’
Washington lawmakers are now debating two sets of legislation: one bill would renew the Internet sales tax initiative that politicians have been attempting to pass for nearly two years now, while the other bill would prohibit state and local governments from charging an Internet … [Read more...]
June Scorecard: U.S. home sales soar 18.6%, real estate experts fear growing bubble
The overall United States housing market appears to be rebounding from its historical collapse a few years ago, but some real estate and financial experts say that it’s simply roaring back up into a bubble akin to the subprime meltdown. The administration, meanwhile, points to its … [Read more...]
World Gold Council thinks now is ‘prime opportunity’ to buy gold: mid-year report
Throughout late last year and earlier this year, numerous financial institutions and market analysts forecast gold to significantly dip to anywhere from $900 to $1,100. For instance, Goldman Sachs projected the yellow metal to drop to $1,050 an ounce because the United States economy … [Read more...]
BMW plans to recall 1.6 million cars globally amid airbag worries
BMW is scheduled to become the latest automaker to perform a series of recalls internationally. The German vehicle manufacturer issued a statement Wednesday in which it announced that it plans to recall approximately 1.6 million automobiles worldwide in order to replace passenger-side … [Read more...]
German government turning to typewriter for protection from NSA
It’s likely that anyone born in the 1980s has probably never used a typewriter before. Prior to personal computers and word processing programs, the typewriter was the device to use for any type of writing task, though there are still remote parts of the world that use the typewriter. … [Read more...]
Economists slash growth rates, don’t expect U.S. recession
The United States economy is in a quandary right now: companies are hiring but they are part-time, service sector jobs; the stock market is roaring but possibly due to the Federal Reserve inducing bubbles; consumers are borrowing again but debt levels are at or near all-time highs. … [Read more...]
Post-retirement finances need to be discussed between parents, kids: experts
A swarm of Baby Boomers are on the verge of exiting the labor force and hitting retirement. Although the financial collapse hurt millions of overburdened Baby Boomers, many are still expected to retire and do what they want in their free time. However, there doesn't seem to be any … [Read more...]
Teens who work low paying ‘McJobs’ do better later in life
It’s the summertime, but living may not be that easy for teenagers who decided to take on part-time jobs in July and August, and perhaps even during the school months. However, findings from a new study suggest that 15-year-olds who work at so-called "McJobs" will perform better later … [Read more...]
