According to the Bureau of Economic Analysis, US gross domestic product - the output of goods and services produced by labor and property located in the United States - accelerated in the latest quarter, to a 1.9% annualized pace. The number, reported by the Commerce Department, was slightly below expectations, as economists had expected a [...]
The number of people filing for first time unemployment benefits rose sharply in the week ending July 26th, according to the US Department of Labor. Claims jumped 44,000, to 448,000, way above expectations. Economists were expecting 398,000 new claims for the week. Today’s reading is the highest reading since April 2003.
Having witnessed extremely volatile measurements [...]
In 1976, Howard Beale, a character in the movie Network, urged Americans to get up, go to their windows, open them and yell out, “I’m mad as hell and I’m not going to take this anymore!” The preamble to Beale’s speech chronicles the problems of the 1970s: inflation, a falling dollar, unemployment, environmental degradation and [...]
The argument those opposed to opening ANWR and other areas to oil exploration use is that it won’t have an impact on today’s prices because the oil won’t come to market for years. Of course, that argument seems silly since any plan they offer for alternatives also will require years to produce results, but even [...]
