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Real GDP Growth in the First Quarter Improved to 0.8 Percent, but Still a Disappointing Start to Year

The Bureau of Economic Analysis said that the U.S. economy grew by 0.8 percent in the first quarter of 2016, up from the prior estimate of 0.5 percent. The revision...

Hillary Clinton’s Libyan Agenda In 2011 Could Put US Troops In Libya in 2016: Her Emails Tell The Story.

5 minutes agoNews : The Inquisitr - News

Hillary Clinton’s Libyan Agenda was revealed in her declassified emails. The mission was to end the reign of Muammar al-Qaddafi before he could enact his plan to end Africa’s poverty and bring true economic independence to the region. Show More Summary

U.S. economy grew more last quarter than initially thought, boosting chances of Fed rate hike

Economic growth at the start of the year wasn't as bad as initially estimated, boosting the chances that Federal Reserve policymakers will raise a key interest rate next month. The nation's total economic output -- also known as gross domestic product -- increased at a 0.8% annual rate from January...

U.S. first-quarter economic growth revised up to 0.8 percent

WASHINGTON (Reuters) - U.S. economic growth slowed in the first quarter although not as sharply as initially thought, amid a surge in spending on home building and a steady increase in inventory investment by businesses. Gross domestic...Show More Summary

Behind Every Successful Woman is Her Tribe of Sisters

By Julia Abbiss Competition is a tricky concept. As a core American value, competition is an embedded part of our social and economic makeup. From a young age, we're taught that getting ahead means being the best, without however, taking into account the various factors that may prevent certain demographics from achieving such success. Show More Summary

Too Few Jobs: Trade Is Not the Problem, Slow Growth Is

Had economic growth been anywhere close to historical norms since the 2008 crisis, it is doubtful that complaints about other nations “stealing” U.S. jobs would have nearly as much currency.

Cuban State Council Official Praises Moscow-Havana Ties as Outstanding

According to the first vice president of the Cuban Council of State and Council of Ministers, Cuban government highly appreciates the country's economic and political relations with Russia.

The US economy was better than we thought in the first quarter

US economic growth was better than first estimated in the first quarter, according to the Commerce Department. The second estimate of Gross Domestic Product (GDP) was 0.8%. Economists had forecast an upward revision to 0.9% from 0.5%,...Show More Summary

Koch Controversy at George Mason University: Student Abandons Economics Major

This is a guest post by Connor Gibson, originally published at Huffington Post. FAIRFAX, VIRGINIA. As the Spring, 2016 semester concluded, George Mason University sophomore Mark Hammond made a daring announcement: he ditched GMU ’s economics...Show More Summary

"Economists go wild over overlooked citations in [AER] preprint on prenatal stress"

Retraction Watch: Citation omissions in an economics preprint have set off a wave of recrimination and speculation on a widely read economics discussion board. Commenters accuse the authors of purposely omitting citations that would have undermined the paper’s claims to novelty and contributions to the field, leveling acrimony and personal...

10 Friday AM Reads

Long weekend is here at last! Head to the beach with some sunscreen and our morning train reads: • By this metric, bonds have never been more valuable (Vanguard) • It’s Not the Economy, Stupid (Real Time Economics) see also Here’s one...Show More Summary

Stocks edge up as investors await Yellen talk, US data

HONG KONG (AP) — Global stock markets rose modestly on Friday as the investment outlook remained uncertain ahead of U.S. economic data and remarks by the head of the Federal Reserve. KEEPING SCORE: Germany’s DAX was up 0.1 percent to 10,279 while France’s CAC 40 edged up almost the same rate to 4,514. Britain’s FTSE […]

10 things you need to know before the opening bell (spy, spx, qqq, dia, orcl, goog, vrx)

Here is what you need to know. Janet Yellen speaks at Harvard. Fed Chair Janet Yellen will take part in a discussion on the economy with Harvard University economics professor Greg Mankiw. The event is likely to delay some traders from heading out early for the holiday weekend as it could provide some clues as to the pace of Fed rate hikes. Show More Summary

The IMF is starting to think that 'neoliberalism' has created an inequality problem

Some of the most senior economists within the International Monetary Fund — often dubbed the "central bank's central bank" — are beginning to question parts of the neoliberal consensus that has dominated economic thinking for the past...Show More Summary

G7 Ise-Shima Leaders' Declaration

Preamble We, the leaders of the G7, met in Ise-Shima on 26 and 27 May 2016 to address major global economic and political challenges. Global growth remains moderate and below potential, while risks of weak growth persist. Escalated geo-political conflicts, terrorism and refugee flows complicate the global economic environment. Show More Summary

South Africa's Land Expropriation Bill Stirs Economic Concerns

South Africa’s ruling party, the African National Congress (ANC) is pushing for land expropriation, calling property rights into question and potentially undermining the principles of the market economy in the country, under the guise of “fair” wealth redistribution rhetoric.

UKRN loses its web site

The UK Regulators Network brings together all the economic regulators in Britain and does good work in promoting information exchange, better understanding and best practice in the regulatory space. A pity then that its web site is down. Bit ironic really when Ofcom is one of its largest members.

Sorry, Conservatives: There's No Mention of Capitalism in Our Constitution

Thom Hartmann breaks down Republican myths. The low-wage worker movement has underscored a serious lack of understanding of basic economics by most Americans. Thom Hartmann found this out shortly after he published an article for AlterNet...Show More Summary

How Blockchain Technology Could Change The World

There’s a lot of hype in the air about blockchain technology at the moment. A recent World Economic Forum report predicts that by 2025 10% of GDP will be stored on blockchains or blockchain related technology. This means it’s probably something which everyone involved in business should take notice of. [...]

G7 Summit: Brexit 'Serious Risk' to Global Economy, Warn Leaders

A British exit from the European Union would be a serious risk to global economic growth, Group of Seven leaders said in a summit declaration on Friday, although German Chancellor Angela Merkel said the issue had not been discussed. The...Show More Summary

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