Economy & Politics


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  • Earnings Shocker: Quarterly Increase In Wages Is Smallest On Record

    The quarterly increase in US wages was just 0.2% - a third of the 0.6% rise expected - and a meager 2% increase Y/Y in line with all the other depressed BLS data, which dashes the "wage growth is looming" meme and crushed the 0.7% rise in Q1 that had so many... Read More >>

    Italy Youth Unemployment Hits Record High 44.2%, Concerns Rising “Recession Exit May Be Unsustainable”

    Earlier today, Eurostat released the two most important data points for Europe: inflation and unemployment. On the former, there was no surprise at the headline level which remained at 0.2% for the another month, in line with expectations, but core CPI... Read More >>

    Debt Slaves: 7 Out Of 10 Americans Believe That Debt “Is A Necessity In Their Lives”

    Could you live without debt? Most Americans say that they cannot. According to a brand new Pew survey, approximately 7 out of every 10 Americans believe that “debt is a necessity in their lives”, and approximately 8 out of every 10 Americans actually... Read More >>

    Why Do So Many Working Age Americans Choose Not To Enter The Workforce?

    You could call it the “Mystery of the Missing Worker” – why do so many people of working age chose not to enter the workforce? Here are the numbers, as of the most recent Employment Situation report: 250 million: the total number of people of... Read More >>

    Cleaning Up Graveyards Of Steel

    For decades, the dangerous and polluting ship-breaking yards that stretch for six miles along the beaches of Alang, India, successfully resisted the efforts of activists and foreign governments to shut them down. But in recent months, they may have finally... Read More >>

    Putin’s Energy Giant Falls On Hard Times

    Years of mismanagement and politically driven expansion are catching up to the Russian state-owned natural gas company Gazprom. Output this year is forecast to be the lowest in its history, pipeline projects are floundering and it's not doing well in Europe,... Read More >>

    How Bush Runs As The Party Grown-Up

    When Mike Huckabee accused President Barack Obama of forging a nuclear deal with Iran that would lead Jews to the "oven door," Jeb Bush made use of the moment. He could have asserted his pro-Israel credentials in different language. Or, sensing little gain in... Read More >>

    Why Are So Many Millennials Still In The Basement?

    How much do millennials love their parents? Do snake people enjoy basements? These are not questions that a new Pew Research Center report seeks to answer. But it may shed some light on them nonetheless. Pew's analysis of U.S. Census Bureau data finds that... Read More >>

    Sharp Deceleration In Employment Costs Gives Fed A Reason To Delay Rate Hike

    One of the most closely watched measures of labor costs decelerated sharply in the second quarter, suggesting the Federal Reserve can be patient and allow the labor market more time to heal before hiking interest rates. The wages and benefits that... Read More >>

    10 Things You Didn’t Know About Gov. Rick Perry

    1. Texas Governor Rick Perry was at the Yale Club in New York City Wednesday speaking at a launch meeting of the Committee to Unleash Prosperity. Also at the meeting were CNBC’s Larry Kudlow, former presidential candidate Steve Forbes, The Heritage... Read More >>

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