WTO agreement worth $1tn finally reached
A WTO agreement worth $1tn has finally been reached by ministers from 159 nations in Bali, Indonesia. This is the WTO’s (World Trade Organization’s)...
November US unemployment falls to 7%, lowest in 5 years
The November US unemployment rate declined to 7% from 7.3% in October, with (nonfarm) payroll jobs increasing by 203,000, according to the US Bureau...
US Economic Forecast for 2014 and 2015
In a US economic forecast for the end of this year until 2015, the "UCLA Anderson Forecast" sees the economy growing in spite of the...
Bosch VP predicts boom time for India’s engineers
Engineers in India could be facing a "boom time" as their country's road infrastructure develops and the automotive industry reaches the stage where digital...
Bitcoin warnings and measures by central banks
Central banks are beginning to issue bitcoin warnings, specifically about the hazards of using a virtual currency with no underlying assets versus a legal...
Education drives economic growth, not decline in fertility says study
A new demographic study suggests that economic growth in the world's developing countries is the result of improvements in education and not falling fertility.
Writing...
Q3 US GDP Growth 3.6% surprises economists
US GDP growth of 3.6% (annualized) surprised experts.
The figure was revised up from a preliminary estimate of 2.8%. Second quarter growth had been 2.5%.Q3...
What were the causes of the great recession?
The Great Recession began in December 2007 after severe financial liquidity problems in the interbank lending market.
The first sign of the crisis was when...
October US trade gap narrows with record exports
The October US trade gap shrank 5.4% to $40.6 billion compared to $43 billion in September, says the US Census Bureau, part of the...
Another government shutdown soon? Most people think so
Most Americans (65%) think there will probably be another government shutdown soon as Congress continues disagreeing on budget and deficit issues.
The data comes from...