Category Archives: Financial

As Housing Prices Soar, brand new Zealand Tackles a Surge in Homelessness

AUCKLAND, brand new Zealand — brand new Zealand is usually known to many outsiders as a beautiful, affluent country, the place where the “Lord of the Rings” movies were made. nevertheless Joseph Takairangi in addition to thousands of others know in which better for the expensive housing in which lies far out of their reach.

Greece Prepares to Stagger Back coming from Debt Crisis, the End of Bailouts in Sight

nevertheless Greece still faces daunting challenges. Unemployment is actually no longer at historic highs, nevertheless one-fifth of Greeks are jobless. The economy is actually growing, though at a relatively slow pace of 1.4 percent last year. Households have seen their incomes chopped by a third, hundreds of thousands of Greeks work low-paying temporary jobs, along

Europe Set to Strike Back Against Trump Tariffs as Global Trade War Escalates

GOTEBORG, Sweden — The European Union is usually creating Great on its threats to retaliate against the Trump administration’s tariffs, moving to slap penalties on $3.2 billion of American products made by the president’s political base, like bourbon, motorcycles along with orange juice. The European counterattack, a response to the administration’s measures on steel along

Trump’s Ace inside Hole in Trade War: A Strong Economy

Trade wars won’t sharply curtail economic activity, unless they cause businesses to lose confidence, said Spencer Dale, chief economist for BP, the energy giant. The bigger problem, he said, is actually in which trade wars could “eat away at trend growth” by reducing G.D.P. by a fraction of a percent a year. in which might

How Tech Companies Conquered America’s Cities

I’m not saying America’s cities are turning into dystopian technocapitalist hellscapes in which corporations operate every essential service as well as also pull every civic string. however let’s take a tour of recent news via the metropolises. ■ In Seattle, the City Council decided last week to undo its plan to impose a $275-per-employee tax

Disability Applications Plunge as the Economy Strengthens

The number of Americans seeking Social Security disability benefits is actually plunging, a startling reversal of a decades-old trend which threatened the program’s solvency. the item is actually the latest evidence of a stronger economy pulling people back into the job market or preventing workers via being sidelined inside the first place. The drop is

Tariffs on $50 Billion in Goods? China Can Take the Hit

SHANGHAI — Thanks to President Trump’s tariffs, Americans will soon be paying more for a wide variety of Chinese-made goods, as well as also some American customers may end up buying via additional countries instead. For right now, China can live with which. The tariffs the White House announced on Friday will have little immediate

Central Bankers Will Debate Policy, as well as also OPEC Meets on Output

The Week Ahead The Senate will also vote on an amendment in which would likely block President Trump’s ZTE deal, as well as also the Fox board will weigh Comcast’s $65 billion offer. Outside the offices of ZTE in Beijing. The Senate will vote on a proposal in which would likely restore penalties brought against

Feeling Great About the Economy? You’re Probably a Republican

Steven Saenz, who will be Hispanic, graduated coming from college from the teeth of the recession, along with also also went to architecture school in part to avoid entering the weak labor market. Even so, the idea took him nine months after completing his degree to find a job, along with also also two more

As Uncertainty Clouds Economy, Europe Pulls Back on Easy Money

RIGA, Latvia — A trade war with the United States looms. Populists have taken power in Italy, posing a fresh threat to the euro. Growth is usually sluggish, in addition to there is usually even talk of another banking crisis. the idea might not seem the ideal time to put the brakes on Europe’s economy.