Ben Bernanke, the chairman of the Federal Reserve, was in Jackson Hole, Wyoming on Friday discussing the intentions of the Fed to help the faltering US economy. Still undecided about another round of quantitative easing, Bernanke did not announce bond buying by the Fed to stimulate the economy, nor did he rule it out. Labeled… Continue Reading
Economists are preparing for the announcement by the Institute for Supply Management’s announcement which will show whether or not the US economy is in fact growing. The analysts are predicting that the ISM rose slightly from July to August, reaching 52.8; a slight increase from the 52.6 July figure. This analysis was based on a… Continue Reading
Emerging economies and numerous crises have shaken most, if not all of, the world’s economies today. Evaluation of size and growth varies greatly amongst analysts, while GDP is measured with two different approaches- nominal GDP and purchasing power parity or PPP GDP. The latter considers the dollar’s buying capabilities in different countries, thereby providing a… Continue Reading
The ranking member of the Senate Budget Committee is not happy with the national debt, not with the direction that debt is heading. The United States Treasury reported on Tuesday that for the first time in US history the debt exceeded $16 trillion, an increase of $5.4 trillion since President Obama came to office on… Continue Reading
A recent announcement by Facebook has alleviated some of the company’s after-hours trading pressure; CEO Mark Zuckerburg will be withholding all stock sales in the company for at least a year. Boston.com explains that “investors have been concerned with the expiration of lockup periods that allow insiders to sell stock in Facebook. If a lot… Continue Reading
Faced with a deadline set by regulators, the ING Groep NV is searching for buyers for its Southeast Asian and part of its Japanese insurance businesses. Already bidding for the Japanese arm of the business is Manulife Financial Corp. Their interest in purchasing the Japanese operation is as part of a larger deal for ING… Continue Reading
In a recent interview with Fox Business, President of the Federal Reserve Bank of Atlanta Dennis Lockhart discussed the economy’s current condition. Calling the current growth ‘anemic’, Lockhart suggested that the central bank implement additional stimulus measures in the near future. Watch the latest video at video.foxbusiness.com Continue Reading
Thinking of starting a business, but you are only in college? Never mind that. The best time to start a company is always now. Worried about the risks? The risks are overwhelmed by the reasons to begin today. 1. Why Start a Business Now? Because You Can! Just look around. Google, BustedTees, Facebook are all… Continue Reading
Fletcher Building, a building materials manufacturer and distributor based in New Zealand, just released a statement announcing its plans to sell its electrical business. “Fletcher Building Limited today announced that it had entered into a conditional agreement to sell its electrical products distribution business Corys Electrical to Sonepar SA,” the statement reads. “Sonepar SA is… Continue Reading
If you are old enough to remember companies like TWA, Pan Am, Woolworth’s and lots more, then you know that even the seemingly most stable, powerful and successful companies can go belly-up despite their prestige and branding. History teaches its students that the future is just a remake of the past, and what we learn… Continue Reading