Kien Nguyen

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Chicago credit rating plummets to junk status following pension ruling

Chicago took yet another hit Tuesday when a major credit rating agency downgraded much of the city's debt to junk status, making it more difficult for Mayor Rahm Emanuel to fix the financial mess without a major tax increase.<p>The double downgrade by Moody's Investors Service leaves Chicago and …

China Shifts Monetary Policy Out of Neutral As Economy Slows

Despite three interest-rate cuts over the past six months, Chinese officials still insist that monetary policy is “neutral.” As China still tries to deal with the lingering effects of a 2008 stimulus package, it has resisted any reference to aggressive monetary easing.<p>Economists, however, think …

An economist shows how an overgrown finance industry poisons society

Whether or when a financial sector can grow so big it interferes with society's health has been a burning question since the crash of 2008 and the Great Recession that followed.<p>It's rare for a leading economist, especially one from deep inside the finance sector itself, to weigh in with a …

The US economy is prepared for liftoff

Indeed, as my colleagues and I write in our new BlackRock Investment Institute paper, "When the Fed Yields," "zero is the wrong number for short-term rates" today, because there are clear signs that the U.S. economy already exhibits much of what the Fed has said it wants to see on the jobs and …

David Cameron is about to start a really interesting economic experiment on Britain's children

The childcare pledge is among the least-exciting bits of Cameron's new plan for Britain, but in terms of jobs it might have an interesting multiplier effect.<p>We told you in January that one of the most curious (and also most ignored) job creation ideas being bandied about at Davos this year was the …

What 50 Years of Data - and the Grateful Dead - Say About the Economy

Economic data following the financial crisis has continued to be subpar, causing economists to wonder if normal just isn't what it used to be.<p>This …

What does “economic collapse” really look like?

What will the world look like if the global economy collapsed? Glenn invited Jim Rickards, author of The Death of Money: The Coming Collapse of the …

Stock Markets

China's Dangerous Debt

In September 2008, when Chinese President Hu Jintao got word that Lehman Brothers, then the fourth-largest U.S. investment bank, was on the verge of …

Economists expect Reserve Bank to cut interest rate to record low of 2%

The Reserve Bank is expected to make only one more interest rate cut in the foreseeable future and economists say it is mostly likely to happen on Tuesday. But the futures market has priced in the chance of a cut at only 50%.<p>Twelve out of the 15 economists surveyed by AAP expect the RBA to cut the …

The Retirement Crisis: Why 68% Of Americans Aren't Saving In An Employer-Sponsored Plan

Few Americans are saving enough for retirement, suggesting many workers may face a retirement with a lower standard of living, according to a recent study released by the Schwartz Center for Economic Policy Analysis at the New School.<p>Since Social Security cannot fully replace income in retirement, …

This chart shows why everyone is scared about China's economy

China's broad money growth — which includes physical currency, some sorts of deposits in banks, and some sorts of very liquid securities — has slowed to the point at which it is actually slower than that of the US. Growth in money supply is definitely not perfect, but it provides a rough measure of …

Argentina Needs Shale Oil and Gas Development

Argentina’s real (2010 $) GDP of $525 billion is <b>projected</b> to reach $890 billion by 2030. The country has an unusually high reliance on oil and natural gas, which combined constitute nearly 90% of primary energy supply, compared to 60% for the global average. Argentina has been a major energy …

​The chaebols: The rise of South Korea's mighty conglomerates

There was a joke in South Korea back in the 1990s. It went like this:<p>What would employees of the mighty Korean conglomerates -- the so-called chaebols -- do if they were accidentally confronted by a fearsome bear while strolling through the forest?<p>Hyundai employees would club the bear to death …

Airline Stocks And The Diminishing Benefits Of Cheap Oil

Is the bull case for airline stocks running out of gas?<p>Global players American Airlines Group, United Continental Holdings and Delta Air Lines are all down at least 7.5% year-to-date despite the tailwind from falling oil prices and the shaky performance is giving rise to concern.<p>Deutsche Bank cut …

Retirement Planning Around the World | Franklin Templeton

An increase in longevity rates around the world is certainly something to be celebrated. Average global life expectancy has increased to 71.5 years …

Retirement

Can we predict economic crises?

The Global Crisis of 2007-09 has made systemic risk a focal point of research and policy, and has established the financial sector as its centre of …

Economics

The economics of coal are crumbling

Although the projections for the U.S. coal industry seem to get worse by the month, such a trend is not really news. But what is news is the emerging realization that globally the outlook is not much better. Coal executives used to insist that while the U.S. is turning its back on one of the few …

Can Employers Make Us All Richer By Paying Higher Wages?

What do <i>New York Times</i> editorial writer Paul Krugman and McDonald’s CEO Steve Easterbrook have in common? They both think we can repeal the laws of economics. Or, more precisely, they both think that economics can be ignored altogether.<p>“We have challenged ourselves as to whether we can do more to …

Baby Boomers: Have You Adapted To Today's Economy?

Baby boomers and their financial advisors had to react quickly to the rapidly disintegrating economic conditions in 2008 and 2009. While many did an …

Obama's Numbers (April 2015 Update)

Summary<p>Highlights from our latest update of the statistical record of President Obama’s time in office:<p>Under Obama, the economy has added 7.2 million …

Economy

Five reasons why Labour can’t be trusted with the economy

Related Articles<p>Look what they did last time they were in power. After years of spending splurges, much of which was wasted by inefficient …

Why is productivity an important concept in economics? | Investopedia

A:<p>The level of productivity is the most fundamental and crucial determinant of a standard of living. Increased productivity allows people to get what …

Financial Repression, Central Banks, Credit Expansion, and the Importance of Being Impatient

We live in a time of unprecedented financial repression. As I have continued writing about this, I have become increasingly angry about the fact that …

Retirement

Canada is ground zero for 'one of the fastest and most dramatic oil price drops in history'

This story has not been a good one for U.S. investors in Canadian stocks over the past six months. But now may be the time to take a look at some attractively priced opportunities in fundamentally strong companies and a solid economy.<p>The energy story is well-known. Prices for West Texas …

Greece Brightens, Brazil Darkens

Greece and Brazil are both synonyms for economic dysfunction. So why do investors think Greece is becoming a respectable bet while Brazil remains a …

Economics

Coalition record on economy 'startlingly bad' says Nobel winning economist

“Although growth resumed in 2013, real income per capita is only now reaching its level on the eve of the crisis, which means that Britain has had a …

America's Best Employers 2015

As the job market starts to heat up for the first time in nearly a decade, the hunt for top talent is on. Workers have more options now than they’ve had in a long time. So who’s offering them the best situations?<p>Forbes decided to find out by asking those in the best position to say: America’s …

Employment

Starbucks Guarantees Jobs And College To 10,000 Unemployed Youths As Next #Racetogether Phase

The, uh, less-than-universal acclaim for phase 1 of Starbucks’ #Racetogether initiative (an attempt to stimulate in-store conversations with customers on the issue of race) has no doubt taken Starbucks aback. The Seattle-based coffee giant has, after all, been accustomed to receiving appreciation …

Starbucks Races to the Bottom

Giving up coffee for Lent has turned out to be more of a struggle than I expected, but Starbucks Chief Executive Officer Howard Schultz has given me …

Howard Schultz