AndyJay1

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How can economic stagnation be stopped?

Edmund S. Phelps has strong opinions, and he’s not shy about expressing them. In the 1960s, he was a young economist more interested in exciting …

Britain faces £200bn oil loss

$50 oil prices could lead to the early decommissioning of North Sea facilities and the loss of 6bn barrels of oil<p>In a stark warning to the Government over the future of the North Sea, one of the oil industry’s leading figures, has warned that 6bn barrels of oil reserves – a third of what remains …

Defiant Greek PM sets up EU clash with bailout rejection, austerity rollback

ATHENS (Reuters) - Leftist Prime Minister Alexis Tsipras laid out plans on Sunday to dismantle Greece’s “cruel” austerity program, ruling out any extension of its international bailout and setting himself on a collision course with his European partners.<p>Greek Prime Minister Alexis Tsipras delivers …

Fears for US economy as shale industry goes into hibernation

Oil and gas companies,Shale oil,Shale gas and fracking,US economy,Oil,Commodities,Energy industry,Economics,Business<p>Some North Dakota operators to deactivate 40% of rigs as price falls render them uneconomic<p>America’s fracking revolution is becoming a victim of its own success. The controversial …

World Food Situation | Food and Agriculture Organization of the United Nations

» The <b>FAO Food Price Index</b>* (FFPI) averaged 168.8 points in July 2018, down as much as 6.5 points (3.7 percent) from June and 10.3 points (3.7 …

More freight, but fewer trucks to move it?

There's good news and bad news about trucking these days.<p>The good news is traffic is up! A good sign for the economy! (OK, there's a caveat, but more …

Wall Street feels new heat from trio of officials

By Danielle Douglas<p>In the years after the financial crisis nearly toppled the U.S. economy, few government officials were successful in holding Wall Street accountable.<p>That is changing.<p>The reckoning for Wall Street’s sins, while still in the early phases, may finally be at hand. And some analysts …

Power Hungry

The German word <i>Energiewende</i> is gradually edging its way into the English language, as Weltanschauung and sauerkraut, among others, did long ago. It …

The dreams of Red Ed

THERE was jazzy lighting, brutally loud music and screens showing Ed chatting, Ed accosting shoppers in a grey jersey, Ed looking pensive on a train. …

Housing Market

The Age of the Super Rich

Alexei Bayer<p>Coatesville, Pennsylvania is home to Lukens Steel, once the world's largest steel plate producer. A hundred years ago it was owned by the …

China opens new trade zone in Shanghai, reform plans unveiled

SHANGHAI (Reuters) - China opened a new free trade zone in Shanghai on Sunday in what has been hailed as potentially the boldest reform in decades, and gave fresh details on plans to liberalize regulations governing finance, investment and trade in the area.<p>Container trucks drive past the container …

Administrative Law

Austerity protesters outnumber Conservative delegates at conference

Conservative delegates were greeted with shouts of "out Tory scum" on arrival at their annual conference in Manchester as an estimated 50,000 protesters marched against austerity.<p>Demonstrators outnumbered guests at the Tory event by more than three to one, as trade unions and campaign groups led a …

Rouhani Condemns Nazi ‘Crime’ as Iran’s New Face Seeks Thaw

Iranian President Hassan Rouhani’s latest break with predecessors, condemning the killing of Jews in the Holocaust, extends a makeover of the Islamic …

Global Economy: Faith in revival put to test

LONDON (Reuters) - Yet another budget showdown in Washington and yet another government crisis in Italy herald more turbulence for a global economy growing well below trend.<p>A container ship is seen at the Yangshan Deep Water Port, part of the newly announced Shanghai Free Trade Zone, south of …

Top aide to Vince Cable warns of Lloyds sale disaster

Offloading State's stake in Lloyds is 'biggest blunder since Brown sold gold', warns top aide to Vince Cable<p>By<p>Published: 17:22 EDT, 28 September 2013 …

Cameron accused of misleading Leveson on Brooks friendship

David Cameron gave misleading evidence to the Leveson inquiry over his friendship with the former News International chief executive Rebekah Brooks, according to a new book by a journalist with close links to No 10.<p>In one of the most authoritative accounts of Downing Street's links with News …

Why This Is Not Just 'Washington Breakdown,' in 3 Graphs (and 1 Story)

Tea Party members say they are expressing the public's will. Gee, if only there were some way to judge popular sentiment in a democracy.<p>From the <i>Washington Post</i> this morning:<p>The unfortunate story that leads the <i>WaPo</i> today, with the photo and headline shown here, represents a step backwards from an …

Bangladesh Garment Workers Hold Largest Wage Protest Yet

DHAKA, Sept 21 (Reuters) - About 50,000 garment industry workers held their largest protest so far in the Bangladeshi capital of Dhaka to demand an increase of more than 1-1/2 times in the minimum wage, police and labour officials said on Saturday.<p>"Our backs are against the wall, so we don't have …

The Millionaire Residency Visa

For a hefty investment (and we mean hefty), countries such as the United States and Australia are now granting residencies to wealthy foreigners<p>FOR FOREIGNERS, it used to be that hard work and plenty of patience for bureaucratic red tape would garner access into a coveted country. But, these days, …

Growing apart

A BARRAGE of new statistics on American living standards offers some grounds for optimism. A typical American household’s income has stopped falling …

Pre-school

Why Is Merkel Still So Popular?

The chancellor looks like she's headed for a third term. Here's why Germans love her.<p>BERLIN—Germans reaffirmed their faith in Chancellor Angela Merkel during the country’s elections today, with her supporting center-right Christian Democratic Union garnering 41.7 percent of the vote—8 percent more …

Analysis: Fed's underlying message a bad signal for U.S. profit growth

NEW YORK (Reuters) - The euphoria with which investors in the U.S. stock market greeted the Federal Reserve’s decision to stick with its easy-money policy has begun to evaporate, as the message the Fed was sending about a less-than-stellar economy sinks in.<p>A general view of the U.S. Federal Reserve …

Why are 47 million Americans on food stamps? It’s the recession — mostly.

By Brad Plumer<p>There's a fairly basic question at the core of the current food-stamp debate in Congress. Why <i>has</i> the program grown so rapidly over the past few years — to the point where 47 million Americans, one-sixth of the country, now receive food stamps?<p>Defenders of the program typically argue …

China Stocks Drop as Financial Companies Fall Most in Two Months

China’s stocks fell, led by the biggest retreat in financial companies in two months, amid concern the government may encourage more competition …

The Tea Party Is Winning—the Liberal Agenda Is Being Suffocated

Progressives are gleeful: They took Larry Summers down, and now the GOP is self-destructing over defunding Obamacare. But they're missing the big picture.<p>Liberals are in a gloating mood. They say Republicans, who are engaged in a civil war with each other while campaigning to defund Obamacare, are …