The International Labor Organization (ILO) published the results of a new report that found stagnant wage growth in developed nations has actually reduced global wage growth and could very well diminish economic growth worldwide. According to the report, international wage growth … [Read more...]
U.S. Companies Optimistic About the Economy
When was the last time you received a raise, or at least a cost of living adjustment? If it’s been some time since you've noticed an increase in your wages then you may have to wait a little bit longer. A new study by the National Association of Business Entrepreneurs (NABE) found … [Read more...]
GDP Grows an Impressive 4.2% in Q2
The United States economy performed better than expected in the second quarter as the nation’s gross domestic product grew at an annual rate of 4.2 percent, compared to the initial four percent the Department of Commerce reported recently. Economists forecasted the revision to be 3.9 … [Read more...]
Is it the end of optimism in the U.S.? Poll says yes
The American people have always been described as being optimistic. Whether the United States economy is in high gear or it is suffering the ill effects of bubble inducements, Americans usually remain optimistic that things will get better. But that level of positivity may be … [Read more...]
Marc Faber: Asset bubble to burst, U.S. economy not improving
Are asset prices in a bubble? If so, how much longer until that bubble bursts? According to Marc Faber, a legendary investor and editor of the Gloom, Boom & Doom Report, the bubble may already be in the process of blowing up. Speaking in an interview with CNBC on Tuesday, Faber, a … [Read more...]
New data suggest U.S economy isn’t performing up to par
The latest economic data may concern Federal Reserve economists and administration officials regarding a potential recovery in the United States. It suggests that sectors of the U.S. economy aren't necessarily performing as well as expected and they may pose a hindrance to economic … [Read more...]
Robert Shiller says investors should buy stocks, others warn market is in a bubble
Since the economic downturn and the beginning of the Great Recession, the United States stock market has somewhat rebounded primarily due to monthly stimulus courtesy of the Federal Reserve. Whatever the reason is for the increase in stock prices, one economist is urging investors to … [Read more...]
EU sanctions against Russia would destroy Cyprus economy: FM
If the Europe Union were to implement economic sanctions against Russia then it could very well “destroy” the economy of Cyprus, according to foreign minister Ioannis Kasoulides, who spoke with a German newspaper last week. "There are very strong economic ties between Cyprus and … [Read more...]
Industrial production rises higher than initial forecasts
Following a harsh winter that saw the economy experience a downturn, new data indicates that industrial production in the United States is gaining some momentum as it rose more than what was forecasted in the month of March. The Federal Reserve released figures Wednesday that … [Read more...]
German economy to grow nearly 2% this year, continue growth in 2015
Germany’s Ministry of the Economy announced Tuesday that the country will grow by 1.8 percent and continue that growth by two percent throughout next year. Europe’s largest economy slowed down last year and grew by just 0.4 percent because of a paucity of investment by private firms … [Read more...]
Local reports say Detroit in potential settlement with bond holders
Nearly one year after Detroit collapsed, the troubled municipality has finally reportedly reached a settlement with the city’s bankrupt unsecured bond holders, according to the Detroit Free Press, which cited unnamed sources in its article. This latest move could help the Motor … [Read more...]
Survey says: Americans are not saving for retirement
How do you imagine your retirement? Relaxation or hectic? Calm or anxious? Throughout previous generations it was thought that years in retirement were supposed to be filled with sleeping in, traveling the world, participating in scuba diving classes and spending time with your … [Read more...]
Study projects global travel industry to rise 5.4% annually until 2023
Grab your passport and plane ticket and book your reservations because the travel industry will receive a big boost over the next 10 years as more travelers are hitting the skies to get to their destinations. The global travel industry is expected to increase 5.4 percent each year … [Read more...]
Harsh winter weather hurt construction spending in February: Commerce Department
The harsh winter weather was again to blame for bleak economic figures, this time in the area of construction spending, according to numbers released (PDF) Tuesday by the United States Department of Commerce. According to the federal department, construction spending only rose by a … [Read more...]
Study finds one-quarter of millionaires are millennials
"Millennials are the first in the modern age to have higher levels of student loan debt, poverty and unemployment, and lower levels of wealth and income than their two immediate predecessor generations," a recent Pew Research report on the group stated. Perhaps the life of a … [Read more...]
Reverse mortgages targeting seniors are creating another housing crisis
One of the growing trends among seniors in today’s tough economy is the rising turn towards reverse mortgages. What is a reverse mortgage? Well, it’s a financial resource that gives seniors the opportunity to use the equity in their home without any income or credit qualifications. … [Read more...]
Dentist shortage taking a bite out of California: UCLA health study
A dentist in California is hard to find. This is because The Golden State is suffering from a shortage as more and more dental professionals have made the decision to practice out of state, according to a health policy brief by the UCLA Center for Health Policy Research. Although … [Read more...]
Former White House Advisor: Long-term unemployment is the biggest issue we face today
This week, economists at Princeton University published a paper entitled "Are the Long-Term Unemployed on the Margins of the Labor Market?" that painted a bleak picture of the United States economy and labor market: only one in 10 of long-term unemployed individuals will find a job … [Read more...]
With $100 billion in debt the USPS is on deck for a government bailout
It is widely known that the United States Postal Service (USPS) isn't necessarily on the best financial footing since prior to the Great Recession. In fact, things have gotten so bad for the Post Office that it made headlines late last year when it was reported it defaulted on $5.6 … [Read more...]
Is it time to end bitcoin speculation for profit
Since bitcoin inched its way to more than $1,000 late last year, most of the news reports and discussions have been whether or not bitcoin will go to $10,000, how can someone earn money with bitcoin and is it too late to invest in the digital currency. Since most financial … [Read more...]
