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Greek coin design is a winner

Greece, beset by fears its economic troubles could force it out of the 19-member euro zone, has won a competition to design a commemorative e2 coin. ||| GREECE, beset by fears its economic troubles could force it out of the 19-member euro zone, has won a competition to design a commemorative e2 coin. Show More Summary

BuilderBytes' MetroIntelligence Economic Update for 5/28/15

Please click here to see the edition of BuilderBytes for 5/28/15 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: New home sales jumped in April more than expected Case-Shiller Indices...Show More Summary

Elizabeth Warren Needs You To Help Her "Blow Debt Free College Wide Open"

In “Cancel All Student Debt — The Petitions Begin,” we outlined The White House’s plan to explore “new bankruptcy options” for former students who, by virtue of an anemic US economic “recovery” or by virtue of their having majored in...Show More Summary

China’s New Plan: If You Can’t Beat ‘Em, Force ‘Em

The Chinese government has more tools at its disposal than Western governments do when it comes to fighting an economic downturn, but that doesn’t mean it won’t happen.

Emergency Powers Give Barack Obama Authority Over Just About Everything During A Major National Crisis

Submitted by Michael Snyder via The Economic Collapse blog, Presidents have always exercised emergency powers, but now thanks to dozens of new laws, regulations, court decisions and executive orders, Barack Obama is the most powerful president in all of U.S. Show More Summary

In Shocking Move, Goldman Slashes America's Long-Run "Potential GDP" From 2.25% To 1.75%

While Ben Bernanke will never agree that global economic growth has ground to a halt as a result of his monetary policies, a phenomenon which in the past year has been dubbed "secular stagnation" by the very serious weathermen (and will...Show More Summary

Welcome To The Recovery 2015: JP Morgan To Fire 5000

In the latest example of just how strong America’s double-adjusted economic ‘recovery’ truly is, JP Morgan is set to layoff some 5,000 employees. JPM EXPECTED TO LAY OFF MORE THAN 5,000 BY NEXT YEAR: WSJ The cuts, which will amount to...Show More Summary

The cheapest way to end homelessness is ridiculously simple, according to the largest-ever US study

The Economic Roundtable just came out with the largest study on homelessness in American history. And it turns out the best way to combat homelessness is to provide homes. The study's focus was on Santa Clara County, California, home to the extreme wealth of Silicon Valley and the highest percentage of homelessness in the entire US. Show More Summary

X-Pot Is The Best New Line Of Outdoor Cooking Gear For Family Camping Trips

Camping, backpacking, or day trips to the mountain are popular family destinations, and bringing your own food is not only necessary but economical. The pots and pans needed to prepare the food do not save you much space, though. The innovative new cooking gear from Sea to Summit will solve this problem with their award winning X-Pot.

Good pay, good worker, good company? Aetna CEO thinks so

Photo by Brendan McDermid/REUTERS Editor’s Note: Aetna CEO Mark Bertolini stunned corporate America when in January he announced that Aetna would raise its minimum wage to $16 an hour. Economics correspondent Paul Solman sat down with Bertolini to talk about the decision and his motivation to increase not only the minimum wage, but also benefits. Show More Summary

Get ready for some depressing news about the US economy

We're about to get some terrible news about the US economy. Sort of. On Friday morning at 8:30 a.m. ET, the Bureau of Economic Analysis will release its second estimate of first quarter GDP, which is expected to show the economy contracted...Show More Summary

It’s time to seriously rethink how economics is taught

With little evidence of a serious debate among teachers about economics reform, students are taking the lead The post It’s time to seriously rethink how economics is taught appeared first on

US, EU Seeking Alternatives to Russian Oil, Gas - Russian Economy Ministry

Possible lifting of economic sanctions against Iran testifies to EU and US attempts to find an alternative to oil and gas deliveries from Russia, the Economic Development Ministry said in its updated macroeconomic forecast for 2016–2018 released Thursday.

Economic Statistics for 28 May 15

The MBA reports that mortgage applications fell -1.6% last week, with purchases up 1.0% and refis down -4.0%. Redbook reports that last week’s retail sales growth continued to fall, down  to 1.6% on a year-ago basis, from the previous week’s 1.8%. Initial weekly jobless claims rose 7,000 to 282,000. The 4-week average rose 5,000 to […]

Corporate Welfare Fails to Deliver the Jobs: The Sad Case of Start-Up NY

For several decades, state and local governments have been showering private businesses with tax breaks and direct subsidies based on the theory that this practice fosters economic development and, therefore, job growth. But does it?...Show More Summary

German Government In Crisis Over Escalating Cost Of Climate Policy

European Power Plants Face Widespread Bankruptcies Germany’s economics minister Sigmar Gabriel (SPD) wants to levy penalty payments onto coal plants if they produce CO2 emissions above a certain threshold. Against this plan intense resistance is growing in Germany: Within the Christian Democrat, within industry and – for especially dangerous for Gabriel – within the trade…

Why Courts Keep Defending Workers' Retirement Security

The economic inequality gap in America is widening, and more and more of our aging parents and neighbors are retiring into poverty. For most Americans, Social Security stands between them and living out their retirement in poverty. For...Show More Summary

We All Think We're Individuals. Here's Why That's Not True, And Why The Lie Is Told.

The book from which the following two excerpts are taken was written in the belief that the world capitalist economic system has become so dysfunctional in the 21st Century that it cannot be defended rationally, but requires a particular...Show More Summary

Economic Crisis, Government’s Course Make Ukrainian Army Dependent on US

The Ukrainian army is getting increasingly dependent on the United States and the current economic crisis together with the political course taken by the government are likely to push the country further into that dependence, European political experts told Sputnik Thursday.

China's Hidden Heavies

many other Chinese SOEs stand in the forefront of the country’s political and economic priorities and are not included in the Global 2000 because none of their shares are listed. They are the “hidden heavies” in China’s economic sce...

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