CEOs across the globe are concerned with Europe’s deteriorating state. Andrew N. Liveris, CEO of Dow Chemical, said: “The new reality is that this world is not in a normal growth mode. And it does now appear that we will see this for at least 12 to 24 months.” Wall Street analysts, investors and other… Continue Reading
In what was a surprise to economists hoping that at least the housing market was getting out of the doldrums, new housing starts plummeted in June from what was a two-year high the previous month. The market for new homes fell by 8.4 percent to an annual rate of 350,000, the lowest since this past… Continue Reading
A recent poll of hundreds of economists has revealed that the global economy will continue to struggle throughout 2012, but will begin to see significant growth by 2013. Though many expected 2012 to be a rough year, even experts believed the United States’ resilience would keep the economy above water. Numerous successful emerging markets contributed… Continue Reading
In the one bright spot in an otherwise gloomy economy, housing starts as well as resale of homes has been climbing at its fastest pace in almost three years. According to the Commerce Department, groundbreaking on new homes jumped 6.9 percent in June, to a seasonally adjusted rate of 760,000 new units. That is the… Continue Reading
A national survey recently revealed that although 2012 has seen some significant improvement, more than 50% of new college graduates will struggle to find work over the course of the next few months. According to the Birmingham News, “Lack of jobs, not qualifications, is the top reason recent college graduates and post-graduates are unemployed and… Continue Reading
A report from the U.S. Labor Department shared that the nation’s economy managed to squeeze out a mere 80,000 new jobs this June, adding to the concern and disappointment as the elections draw nearer. Meanwhile, Canada has revealed that its economy, though struggling, is keeping afloat. The nation’s unemployment rate has fallen to 7.2% this… Continue Reading
The tablet marketplace just got a little more crowded as Google releases its own, modestly priced, eReader-type product called the Nexus 7. Unveiled at Google’s I/O developers’ conference in San Francisco on Wednesday, the seven-inch tablet was designed by Google engineers but is actually manufactured by Asus in Taiwan. The new product will be priced… Continue Reading
The Federal Reserve’s dejected outlook for additional economic recovery in the U.S. this year is reason for concern, but officials are nonetheless pooling their efforts in hopes of boosting job growth. Still, many believe the central bank has already exhausted its chances of stimulating the economy any further this year. On Wednesday, the Fed stated… Continue Reading
When looking at the unemployment rate in America, it’s interesting to see where the average American places the blame. A Gallup poll from Thursday shows that most of them place it squarely at the feet of former U.S. President George W. Bush. Of the 1000 adults surveyed, about 68% of them placed the blame with… Continue Reading
Economist are predicting slower than hoped-for growth in the economy during the second quarter of 2012 despite lower gas prices during this period. The cheaper gas did not stimulate spending in other sectors by consumers, leading analysts to believe that the economy is still slumping. Not all of Wednesday’s government data was disappointing, however. Consumers… Continue Reading