U.S. durable goods orders continue to surge in July on rise in motor vehicles and parts category
Aug 26, 2020 20:28 pm UTC| Commentary Economy
U.S. durable goods orders continued on a V-shaped recovery path in July, driven again by the motor vehicles and parts category. The data released today implies that overall durable goods demand have clawed back much of...
Economic hardship from COVID-19 will hit minority seniors the most
Aug 26, 2020 11:24 am UTC| Economy
For Americans 60 and older, COVID-19 is widespread and deadly. Its economic impact could also be devastating. With a recession fast developing, much of the attention on the downturn focuses on working-age adults, but...
The dollar may be soft just now, but it won't be replaced as global reserve currency
Aug 26, 2020 11:23 am UTC| Economy
Stock markets have been very strange this year. We witnessed the fastest sell-off in history between February and March, with the SP 500 falling more than 30%, only to enjoy the best recovery ever, reaching an all-time...
4 reasons why a gas-led economic recovery is a terrible, naïve idea
Aug 26, 2020 11:20 am UTC| Economy
Australias leading scientists today sent an open letter to Chief Scientist Alan Finkel, speaking out against his support for natural gas. Finkel has said natural gas plays a critical role in Australias transition to...
Government to recruit 500 more reservists in $1 billion accelerated defence spend to support jobs
Aug 26, 2020 11:17 am UTC| Politics Economy
The Morrison government is accelerating and repurposing defence spending in a A$1 billion boost to support about 4,000 jobs and assist small and medium-sized businesses in the defence industry supply chain. In several...
Why police unions are not part of the American labor movement
Aug 26, 2020 11:05 am UTC| Economy Politics
In the wake of George Floyds death at the hands of a Minneapolis police officer, news reports have suggested that police unions bear some of the responsibility for the violence perpetrated against African...
Trouble at the mall as landlords and tenants ponder mutually assured destruction
Aug 26, 2020 10:54 am UTC| Economy
This is not a bluff, Scott Evans, the chief executive of Mosaic Brands, has said of his threat to permanently close 300 to 500 stores in Australia unless landlords reduce rents. Mosiacs network of about 1,300 apparel...
Electricity from farm waste: how biogas could help Malawians with no power
What the Supreme Court is doing right in considering Trump’s immunity case
US student Gaza protests: five things that have been missed
Will Solomon Islands’ new leader stay close to China?
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects