Dow Jones Newswire reporter Pedro da Costa has just taught other journalists a valuable lesson: never, ever attempt to make Federal Reserve Chair Janet Yellen appear foolish or vulnerable. If you do then, well, your career is in serious jeopardy. This is what happened to da Costa during a Q&A session with the Fed Chair. […]
Archives for July 2015
5 random things for a Friday (happy birthday Milton Friedman)
News Story of the Day: United States Treasury Secretary Jack Lew issued a letter to Congress urging them to amend bankruptcy laws so Puerto Rico could go bankrupt. The fledgling U.S. territory is billions of dollars in the red and its own governor conceded that it’ll be unable to pay back the debt. The debt […]
One chart to show the end of the American full-time worker
It’s believed by the White House, Democrats and the Federal Reserve that the United States labor market is improving. They simply allude to the fallacious unemployment rate. Unfortunately, millions are still working part-time, the jobless rate is in the mid-teens and the labor force participation rate is at a 37-year low. But one statistic that […]
Is ‘fair trade’ a scam to boost profits for major coffee retailers?
MRUniversity is out with a new “Everyday Economics” video that attempts to answer the question: does fair trade help poor workers in poor countries? The short answer is no, and the video explains why. One of the reasons being is that companies with fair trade policies tend to select richest of the impoverished list of […]
Report: Average age of United States vehicles hits record 11.5 years
Does your car still have just a CD player? Worse, does your vehicle still have a cassette deck? If so, then you’re one of the millions of Americans with very old cars. According to a new report from IHS Automotive, a consulting firm, the average age of a vehicle in the United States is a […]