Tag: "economy"

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US Consumer Purchasing – First Quarter 2014

US Consumer Purchasing – First Quarter 2014

Consumer Spending in U.S. Unexpectedly Declines Source: Bloomberg Author: Shobhana Chandra American shoppers dialed it back in April after spending at the fastest pace in almost five years. Household purchases unexpectedly fell 0.1 percent, the first decrease in a year, after a 1 percent gain the prior month that was the strongest since August 2009, […]

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CBO The Budget and Economic Outlook 2014 o 2024

Labor Market Effects of the ACA

CONGRESS OF THE UNITED STATES CONGRESSIONAL BUDGET OFFICE View/Download PDF Here The federal budget deficit has fallen sharply during the past few years, and it is on a path to decline further this year and next year. The Congressional Budget Office (CBO) estimates that under current law, the deficit will total $514 billion in fiscal […]

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Economists’ Predictions for 2014

Economists’ Predictions for 2014

AP survey: US income gap is holding back economy The growing gap between the richest Americans and everyone else isn’t bad just for individuals. It’s hurting the U.S. economy. So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that’s intensified as […]

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Red Curtain now more capitalist?

Red Curtain now more capitalist?

China promises bigger role for free market Economic overhaul will ‘deepen reforms,’ Communist party says China’s leaders finished a closely watched policy meeting Tuesday with a promise to give market forces a bigger role in the country’s state-dominated economy but failed to produce dramatic reforms to overhaul a worn-out growth model. In a report after […]

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Gambling Debt – Who, What, How collected?

Gambling Debt – Who, What, How collected?

Deadbeat gamblers are an economic indicator How do you know the economy is coming back? High rollers are paying their gambling debts.All four major U.S. casino corporations bumped up their allowances for bad debt during the recession, with one company estimating that fewer than half of outstanding debts would be repaid. Now, companies have lowered […]

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The United States today: Worst and Best Characteristics

The United States today: Worst and Best Characteristics

The United States in the early 21st Century: Decline or Renewal? The bitter impasse finally, if temporarily, resolved in Washington recently made it absolutely evident to all that the United States faces serious problems. These problems did not suddenly arise, nor are they limited to the showdown regarding the shutdown of government activities and services […]

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Glass Steagall Take Two

Glass Steagall Take Two

Scaling back ‘too big’ The 21st Century Glass-Steagall Act would reduce the risk of another crash Five years have passed since the financial crisis, but we all remember its darkest days. Credit dried up. The stock market cratered. There were legitimate fears that the dominos of our financial system would never stop falling. The crash […]

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Rely on Your Own Talent

Rely on Your Own Talent

Who Made Government Big? We Did After U.S. Federal Reserve Chairman Ben Bernanke announced recently that the Fed would reduce its asset purchases through mid-2014, financial industry players and the journalists who cover them descended upon the Fed seeking any morsels of information they could get. Unfortunately, such dependency upon central authority has become all […]

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Department Of Education Most Profitable Company In America

Department Of Education Most Profitable Company In America

Obama administration reaps $51bn profit off student loans The Obama administration is forecast to turn a record $51 billion profit this year from student loan borrowers, a sum greater than the earnings of the nation’s most profitable companies and roughly equal to the combined net income of the four largest U.S. banks by assets. Figures […]

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A Troubling Perspective on the 2013 Economy

A Troubling Perspective on the 2013 Economy – 1/6/13

Forecast 2013: Contraction, Contagion, and Contradiction The people who like to think they are managing the world’s affairs seem fiercely determined to ignore the world’s true condition — namely, the permanent contraction of industrial economies. They just can’t grok it. Two hundred years of cheap fossil fuel programmed mankind to expect limitless goodies forever on […]

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PwC report shows hospitals saw increased employee turnover

Report: Why Is There Such A High Employee Turnover? – 10/20/12

PwC report shows hospitals saw increased employee turnover NEW YORK – According to a PwC Saratoga report on human capital effectiveness in the United States, organizations across a variety of industries, including the hospitals sector, continued to control costs and manage an evolving workforce in 2011. Organizations also experienced increases in turnover and continue to […]

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Five Steps to Create Your Future – 7/13/12

Or is the future just a place you will happen upon?