Islamic State threat 'beyond anything we've seen': Pentagon … The sophistication, wealth and military might of Islamic State militants represent a major threat to the United States that may surpass that once posed by al Qaeda, U.S. military leaders said on Thursday. "They are an imminent threat to every interest we have, whether it's in Iraq or anywhere else," Defen...Read More
Janet Yellen Takes On Jackson Hole … The economic-policy debate in the U.S. is moving from, "Why is the recovery so sluggish?" to "Is inflation starting to get out of hand?" This shift is premature, to say the least. Federal Reserve Chair Janet Yellen should say so Friday when she addresses the annual summer confab of central bankers in Jackson Hole, Wyoming. – Bloo...Read More
Islamic State threat 'beyond anything we've seen': Pentagon … The sophistication, wealth and military might of Islamic State militants represent a major threat to the United States that may surpass that once posed by al Qaeda, U.S. military leaders said on Thursday. "They are an imminent threat to every interest we have, whether it's in Iraq or anywhere else," Defen...Read More
Nobel economists say policy blunders pushing Europe into depression … German Chancellor Angela Merkel defends eurozone and says it is hard to manage a currency for 18 states … Professor Joseph Stiglitz said austerity policies had been a 'disastrous failure' and are directly responsible for the failed recovery. – UK TelegraphDominant Social Theme: The central bankers have...Read More
Black market boom lays bare a social divide in Colorado's marijuana market … Nascent cannabis industry splits between wealthy with clean criminal records and those who turn to less than legal methods … The red card – part of the state's legal landscape since 2000 when voters approved the sale of marijuana for medical use – allows the grower to cultivate a doctor-pre...Read More
Nobel economists say policy blunders pushing Europe into depression … German Chancellor Angela Merkel defends eurozone and says it is hard to manage a currency for 18 states … Professor Joseph Stiglitz said austerity policies had been a 'disastrous failure' and are directly responsible for the failed recovery. – UK TelegraphDominant Social Theme: The central bankers have...Read More
Black market boom lays bare a social divide in Colorado's marijuana market … Nascent cannabis industry splits between wealthy with clean criminal records and those who turn to less than legal methods … The red card – part of the state's legal landscape since 2000 when voters approved the sale of marijuana for medical use – allows the grower to cultivate a doctor-pre...Read More
Government unveils significant stimulus measures to prop up cooling economy Korea … Economic growth decelerated in the second quarter of the year and more recent data indicate that the economy is still losing momentum. …, Although exports have been rising, growth is moderate, mainly due to the strong appreciation of the Korean won. Against this backdrop, Choi Kyoung-hwan's economic...Read More
I'm a cop. If you don't want to get hurt, don't challenge me. It's not the police, but the people they stop, who can prevent a detention from turning into a tragedy … No officer goes out in the field wishing to shoot anyone, armed or unarmed. And while they're unlikely to defend it quite as loudly during a time of national angst like this one, people who work in law enfor...Read More
Government unveils significant stimulus measures to prop up cooling economy Korea … Economic growth decelerated in the second quarter of the year and more recent data indicate that the economy is still losing momentum. …, Although exports have been rising, growth is moderate, mainly due to the strong appreciation of the Korean won. Against this backdrop, Choi Kyoung-hwan's economic...Read More
I'm a cop. If you don't want to get hurt, don't challenge me. It's not the police, but the people they stop, who can prevent a detention from turning into a tragedy … No officer goes out in the field wishing to shoot anyone, armed or unarmed. And while they're unlikely to defend it quite as loudly during a time of national angst like this one, people who work in law enfor...Read More
Stocks rally: Dow up 175, Nasdaq hits 14-year high … Stocks closed sharply higher Monday as the Dow surged 175 points and the Nasdaq jumped to a 14-year high. The rebound came as concerns over the Ukrainian conflict began to ease and investors shifted focus to corporate dealmaking and economic news. – USA TodayDominant Social Theme: The Dow climbs a wall of worry.Free-Market Analysis:...Read More
36% Of Americans Haven't Saved Anything For Retirement … Over a third of all Americans (36%) have not saved any money for retirement, according to a new Bankrate.com (NYSE: RATE) report. Sixty-nine percent of 18-29 year-olds haven't saved anything, along with 33% of 30-49 year-olds, 26% of 50-64 year-olds and 14% of people 65 and older. –CBSDominant Social Theme: It's bad o...Read More
Stocks rally: Dow up 175, Nasdaq hits 14-year high … Stocks closed sharply higher Monday as the Dow surged 175 points and the Nasdaq jumped to a 14-year high. The rebound came as concerns over the Ukrainian conflict began to ease and investors shifted focus to corporate dealmaking and economic news. – USA TodayDominant Social Theme: The Dow climbs a wall of worry.Free-Market Analysis:...Read More
36% Of Americans Haven't Saved Anything For Retirement … Over a third of all Americans (36%) have not saved any money for retirement, according to a new Bankrate.com (NYSE: RATE) report. Sixty-nine percent of 18-29 year-olds haven't saved anything, along with 33% of 30-49 year-olds, 26% of 50-64 year-olds and 14% of people 65 and older. –CBSDominant Social Theme: It's bad o...Read More
Can central bankers succeed in getting global economy back on track? … Why is the world economy still so weak and can anything more be done to accelerate growth? Six years after the near-collapse of the global financial system and more than five years into one of the strongest bull markets in history, the answer still baffles policymakers, investors and business leaders. This week brought an...Read More
IMF tax bombshell: its plans for higher VAT and a property raid are wrong … The IMF's suggestions for VAT would destroy any government that sought to implement them. The IMF, led by Christine Lagarde, has adopted a position which is far too political for comfort … For an international bureaucracy that sometimes seems to specialise in getting it spectacularly wrong, the Internationa...Read More
Can central bankers succeed in getting global economy back on track? … Why is the world economy still so weak and can anything more be done to accelerate growth? Six years after the near-collapse of the global financial system and more than five years into one of the strongest bull markets in history, the answer still baffles policymakers, investors and business leaders. This week brought an...Read More
IMF tax bombshell: its plans for higher VAT and a property raid are wrong … The IMF's suggestions for VAT would destroy any government that sought to implement them. The IMF, led by Christine Lagarde, has adopted a position which is far too political for comfort … For an international bureaucracy that sometimes seems to specialise in getting it spectacularly wrong, the Internationa...Read More
Europe's Greater Depression is worse than the 1930s … Europe hasn't recovered, because it hasn't let itself. Too much fiscal austerity and too little monetary stimulus have, instead, put it more than halfway to a lost decade that's already worse than the 1930s. It's a greater depression. And as the latest GDP numbers show, it's not getting any less so. – Washing...Read More