- Counter To Conventional Wisdom, Study Says It'll Be Romney, In A Landslide
August 23 2012 10:43 AM
Using a model that incorporates state-level economic data, political scientists predict that Mitt Romney will notch a resounding 300 electoral votes -- far more than the 270 needed -- while capturing 52.9 percent of the popular vote.
- The Nemenoff Report Bonds Higher, S&P's Lower, Silver Higher
August 23 2012 10:12 AM
Sept. Bonds are currently 11 higher at 147'30 and the 10 Yr. Notes 7 highr at 133'17. This morning's Weekly Jobless Claims report showed an increase in claims of 4,000 vs. expectations of a drop of 3,000. Yesterday's release of the FOMC minutes showed continued concern over the unemployment rate, expectations of continued low inflation and economic growth and continued extention of low interest rates beyond 2014. "Many" of the participants voiced a willingness for another round...
US Initial Jobless Claims Rises To 372,000, Highest Level In 5 Weeks
August 23 2012 8:41 AM
The number of Americans lining up for new jobless benefits rose more than expected last week, the Labor Department said Thursday, suggesting little improvement in the labor market.
Puerto Rico Statehood: Bad Business For The U.S. Or The Next Swing State?
August 23 2012 6:59 AM
Puerto Ricans decide its future in November, weighing options that include remaining a U.S. territory or becoming a state. While some say Puerto Rican statehood is bad business for the U.S. others say the nation might be looking at the next swing state.
What Is The ‘Misery Index’ Saying About Obama's Re-Election Chances?
August 23 2012 6:57 AM
An unofficial gauge of human misery in the U.S. is now sitting at its lowest level in three years. Not four. In other words, while conditions have improved somewhat, Americans are still feeling miserable under President Barack Obama's watch and that obviously doesn't bode well for Obama's re-election chances.
Obese Americans: The Most Neglected And Despised ‘Minority Group’
August 23 2012 6:53 AM
All told, the number of ‘fat’ Americans far surpasses those of any racial, ethnic or religious minority.
Tehran Bars Women From Education, Making Iranian Youths Even Angrier
August 23 2012 6:51 AM
The Iranian regime has good reason to restrict young people's access to education, regardless of gender.
- FOMC Minutes Heightened Speculations on Monetary Easing
August 23 2012 4:58 AM
Market sentiment was mixed yesterday as torn between negative European news flow and Fed's dovish minutes which suggested further easing is likely. Wall Street waxed and waned with the DJIA losing -0.23% while the S&P 500 gaining +0.02%. In the commodity sector, crude oil prices gained as the US dollar lost ground amid expectations of monetary easing. After gaining modestly on Wednesday, WTI crude oil climbed further higher today with the front-month contract soaring to as high as 98.17 and t...
China, Fed Easing Hopes Buoy US Stock Futures
August 23 2012 4:42 AM
The U.S. stock index futures point to a higher open Thursday as investor sentiment was lifted by expectations that policy makers around the world would announce monetary easing measures to regain the economic growth momentum.
Entitlement Vs. Empowerment
August 22 2012 2:32 PM
Are you entitled or empowered? Do you feel you are owed, or do you feel you own something? This simple choice reflects your view of the world. It stands for your self-image.
Latin America Wealth Gap Climbing, Despite Progress Against Poverty: UN
August 22 2012 1:46 PM
At present, the widest wealth gap is found in Guatemala, while Venezuela boasts the most equitable income distribution in the region.
- 'Fiscal Cliff' To Send US Economy Into Recession Next Year - CBO
August 22 2012 11:02 AM
The Congressional Budget Office said Wednesday that the so-called fiscal cliff, the simultaneous tax hikes and government spending cuts that take effect Jan. 1, 2013, will send the U.S. economy into recession next year.
- Job Cuts in Germany
August 22 2012 9:36 AM
German newspaper Boersen-Zeitung reports that industrial giant Siemens AG (NYSE:SI) may cut thousands of jobs in the fall. The action is described as "explosive," at least as far as a rough translation says.
GOP Pounces On Obama's Problems To Find Themes For Republican National Convention
August 21 2012 3:20 PM
The themes of the Republican National Convention next week will be focusing on some of the economic and social problems Americans are facing under a Democratic White House.
- Crunch Time for Central Banks
August 21 2012 10:13 AM
Global central banks have promised to pump an unprecedented amount of money into the system. They are trying to mollify the effects from a global contraction in GDP and the growing likelihood of a war between Israel and Iran.
Siemens May Cut Thousands Of Jobs, Bad Sign For Germany
August 21 2012 9:33 AM
Siemens AG (NYSE: SI), Europe?s largest engineering company, is in early internal talks to slash thousands of jobs after posting quarterly results that came in sharply below analysts? estimates, a German newspaper reported Tuesday.
Home Prices Fall Around The World, But Unevenly: Economist
August 21 2012 5:56 AM
The real estate erosion has gone global. Home prices are down in 12 of 21 countries tracked by the Economist on an annual basis in July, and five additional countries experienced slower growth.
Making Sense Of Marikana: The Deep Divisions Behind South Africa?s Miner Massacre
August 21 2012 5:56 AM
South Africa's miner protests underscore a new dynamic -- the organizations that once wrested power from an oppressive minority are now being targeted as oppressors themselves.
- ECB Denies Unlimited Bond Purchases
August 21 2012 4:33 AM
Another quiet session due to the lack of important economic data on Monday. Bourses in European and Asia climbed higher earlier in the day as investors were thrilled by rumors that the ECB would adopt plans to limit yields of sovereign debts. Yet, gains were erased after the ECB issued a statement denying any such plans. Meanwhile, the Bundesbank reiterated in its monthly bulletin its opposition on ECB bond buying. Wall Street opened lower as affected by these statements but both the DJIA and th...
Technology?s Cash Piles: Top U.S. Leaders Stash Nears $400B
August 20 2012 4:03 PM
Don?t say technology companies aren?t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments ? or about 24 percent more since the last survey nine months ago.