yathish kurapati

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No Breakthrough In Talks About Ukraine

This post has been updated.<p><b>Update at 12:45 ET:</b> Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State John Kerry came away from talks Friday in London saying they had not come any closer to an agreement about how to end the crisis in Ukraine.<p>Lavrov told reporters after the two men met …

Ben Bernanke and responsible parenting

If emerging market policy makers were quaking at the prospect of QE tapering, they must be jubilant at its decision to go on buying bonds at the same …

You should expect panic when the Fed makes a mess of explaining its plans

Back in June, Ben Bernanke told the press:<p>If the incoming data are broadly consistent with this forecast, the Committee currently anticipates that it would be appropriate to moderate the monthly pace of [asset] purchases later this year.<p>That sentence was interpreted as signaling a tightening of the …

Economics

The Geography Of The Gender Pay Gap: Women's Earnings By State

New year, new statistics? Not for the gender pay gap, one of the most oft-contested numbers in gender equality in the workplace. For more than a decade now, the comparison between the median earnings of full-time employed men and women in the U.S. has remained a stubborn 77%–that is, women earn …

Jobless claims rise, but data is distorted

The number of Americans filing new claims for jobless benefits rose last week, but it was difficult to get a clear read on the labor market's health because a Labor Department analyst said two states appeared to be working through a backlog of unprocessed claims.<p>Initial claims for state …

Jobless Claims

The US economy doesn’t care if you haven’t gotten a raise since 1988

Maybe the Fed should have tapered after all.<p>The latest data out today shows the US economy looks increasingly strong. Though, as always, there are caveats to the data.<p><b>Weekly jobless claims ticked higher, but a lot less than expected.</b> (Technical glitches in reporting claims for unemployment …

Economics

Stephen Elop just earned himself $25 million by selling off Nokia

Nokia will pay CEO Stephen Elop €18.8 million ($25.5 million) as a farewell gift when he leaves for Microsoft, the company announced today (pdf p32). Here’s how it breaks up: Elop will receive 18 months worth of base salary and management incentive, which amount to €4.1 million, another €100,000 in …

Selling

The Fed just made life easier for European governments but harder for European exporters

The US Federal Reserve’s surprising decision to keep its foot on the monetary-stimulus pedal came yesterday when European markets were closed. Like everywhere else that woke up to the news from Washington, DC today, stocks in Europe posted strong gains. The regional Stoxx 600 index set a fresh …

Economy

Emerging markets, wean thyself—the Fed has given you one last fix

It was a great day for the addicts yesterday. The substance provider announced that it would keep on supplying for at least a little more time—maybe until the end of the year. That substance, of course, is newly created currency. The provider is the US Federal Reserve. There are several sets of …

Economics

Emerging markets need to stop focusing on their exchange rates

The sell-off in emerging markets is not an omen of a prolonged economic contraction. Although capital flows were also turbulent after the 2008 financial crisis, growth in emerging markets continued. Nor is this a sign of financial crisis. “One thing most people seem to agree on is that this is not …

Economics

China is missing out on the US economic recovery

August trade data offered another sign that the recovery in China is underway, as exports jumped 7% from August of last year, up from 5.1% this July. Imports also expanded by 7% compared with August 2012, down from solid growth of 10.9% in July. While China’s exports and imports seem to be in sync …

China

Asian Stocks Rocket Higher, Facebook Still Running

A monster session out of Asia overnight is helping to boost U.S. stocks at the open on Monday. The Shanghai Index is now helping to lead, and the Nikkei finished up 2.5% overnight and is up 5% for September already.<p>We enter this week with lingering question marks about Syria and tapering. Traders …

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Don't expect jobs, wages to grow any faster, economists say

The U.S. economy is likely to grow a bit more quickly next year, but don't look for big changes in the pace of new hiring.<p>That sluggish pace of job growth will keep paychecks nearly flat and continue to weigh on household budgets and consumer spending, according to economists who track the health …

Economy

If India wants easier US visas it could try opening up its e-commerce market

When Barack Obama welcomes Manmohan Singh to the White House on Sept. 27, the Indian prime minister will voice his concerns over the US immigration bill. In its present form, the bill makes it much more difficult for Indian tech companies to get the visas they need to bring workers into the United …

India

Move aside emerging markets, investors are now eyeing Europe

September 09, 2013 | 5:45 AM<p>Embed Code<iframe src="https://www.marketplace.org/2013/09/09/world/move-aside-emerging-markets-investors-are-now-eyeing-europe/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Stock Markets

China's Newest Market Opportunity: Pollution Control

Legendary Wall Street Forecaster Joe Granville Has Died

Granville had published the "Granville Market Letter" since 1963, successfully picking market drops in 1977 and 1978, according to a Bloomberg obituary.<p>Sprinkled with a few bad calls, the bearish Granville nailed some of the biggest market moves in recent memory. From a 2012 Bloomberg article:<p>He …

In The Arab World, Unrest Is Coupled With Unemployment

The Syria conflict was initially part of a wave of uprisings in 2011 known as the Arab Spring, which began in part as a cry for political freedom and more economic opportunity. Fast-forward to today, when unemployment in some of these countries is among the highest in the world.<p>"They are …

Associated Press News

Gas prices rise again as Syria worries boosts oil

The average price for a gallon of gasoline in the United States rose in the last two weeks, reversing four weeks of declines as crude oil advanced, according to the Lundberg survey released on Sunday.<p>Gasoline prices rose 2.61 cents per gallon, bringing the average cost to $3.5847 on Sept. 6, up …

Oil

Happy Labor Day... for Wall Street

Labor Day, established in the late 19th century, "is a creation of the labor movement and is dedicated to the social and economic achievements of American workers," according to the Department of Labor's website. It is a "tribute to the contributions workers have made to the strength, prosperity, …

Economics

9 Job Mistakes That Could Stall Your Entire Career

Clinical psychologist Dr. Meg Jay doesn’t subscribe to the theory that your 20s are a throwaway time to just have fun and decide what you want to be when you grow up.<p>While popular media often depicts 20-somethings as aimless wanderers lounging in extended adolescence, the truth, according to Jay, …

US growth revised down to 1.8pc

The US economy grew only 1.8pc in the first quarter, the Commerce Department, in a sharp downward revision from the previous estimate of 2.4pc.<p>It said personal spending was lower than previously estimated, and that both exports and imports actually declined in the January-March period. The rate was …

Economics

What the mysterious OD05 account tells us about China’s view of Japan

Overseas funds have rushed to Japan this year to buy the bull market touched off by prime minister Shinzo Abe. And it seems there has been one big …

Austria, Korea, Norway, the UK and the US are the worst countries for the gender wage gap

The Organization for Economic Cooperation and Development on Tuesday dropped this enormous study on the economics of education around the world. Seriously, it’s 440 pages of data tables, charts, and graphics taking a look at the educational trends of the industrialized world. Want to know the …

College & University

Angry Chinese Workers Resort To Direct Action

When Chinese workers have a grievance, they are increasingly taking dramatic and direct action.<p>As we've reported, an American executive at a Chinese factory has been prevented by workers from leaving the plant since Friday. Chip Starnes of Specialty Medical Supplies says it's a misunderstanding …

Four Months After Sequester, the Economy Continues to Improve | Inc.com

Ask any business owner how the economy is doing and you'll probably hear, "not bad." Especially over the past few months.<p>The construction industry is certainly recovering: housing starts were up 6.8 percent in May, builder confidence reached its highest level since 2006, and mortgage applications …

Economics