Up, Down, Backward? A Brief on the US Economy
You hear that employment is up, but that the government just cut funding. You hear that the S&p 500 is nearing a record-high yet the uncertainty in Europe is supposed to drag the markets back down. Don’t really know what’s going on in the US economy anymore? Let’s find out
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Weekly Recap – Feb 18th to 25th
The Blade Runner Can’t Run, The Dash-Cam Meteor, PS4 – Not just Games, and The New Castro all in this week’s Recap
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Argentinian Price Freeze
Argentina seized control of the national statistics institute in 2007 and has since been suspected of fabricating its figures. In doing so, the government pacifies voters by masking the malady of rampant inflation, especially in the food sector. Conveniently, the move also saves the government hundred of millions of dollars, as synthetically depressed inflation numbers translate into lower salaries…
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The 787 Dreamliner’s endless woes
After having been plagued by production and delivery delays for nearly half a decade, the 787 Dreamliner’s woes continued when its manufacturer, Boeing was ordered to ground its entire fleet of operating 787s following incidents related to the aircraft’s lithium-ion batteries in January this year.
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Weekly Recap – Jan 26th to Feb 1st
Change of Cabinet For his second term, Barack Obama is re-shuffling his cabinet, with the key positions of Secretaries of State and Treasury being altered. In place of Hillary Clinton, Senator John Kerry, arguable one of the most experienced and qualified in the Democratic party for the job, will be taking over. Today Clinton submitter her resignation, allowing Kerry to roll in. In addition, Timothey Geithner, already out of office, will be replaced by Jack Lew. Apart from his ‘loopy’ signature which will be on newly minted bills, there are few reservations on either side of the aisle for voting for Lew. Bombing in Turkey Early Friday a suicide bomber attacked the US Embassy in Ankara. The condemned act of terror claimed the life of a Turkish security guard and wounded many still has not been claimed by...
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Australia’s Mining Boom: Troubled Times Ahead
While the Australian economy registered an impressive GDP growth rate of 3.2% in 2012 and has managed to veer away from a recession for a remarkable 21 years, there are worrying signs that choppy waters lie ahead for the island nation. The primary contributor to the anxiety regarding Australia’s economy is the mining sector. Fears abound that the mining sector, which has almost single-handedly propped the economy and buffered Australia from any major economic downturn, is reaching a peak.
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