Norwegian pensioners lost 73 billion kroner ($8.8 billion) in the second quarter. Norway’s pension, which is the world’s largest sovereign fund, posted a 0.9 percent decline. The first loss in three years occurred due to artificially low interest rates, falling returns on United States stocks and very weak bond markets. In order to raise money […]
Archives for August 2015
What summertime minimum wage workers can buy with their earnings in 1973 vs. 2015
Mark Perry of the American Enterprise Institute published two fascinating charts that compared what summertime minimum wage workers in 1973 and what summertime minimum wage workers in 2015 could purchase with their earnings. The charts pretty much show how capitalism has produced far more effective, efficient and cheaper technological products today than they did in […]
U.S. government admits cost of living rose for sixth straight month
There is no price inflation, that is if you don’t eat, drive a car or live under a roof. A new report from the Department of Labor found that the consumer price index (CPI) inched higher by 0.1 percent in July due to rising food, gasoline and shelter prices. However, the CPI is down from […]
Chart: So much for that sequester – hours of U.S. government workers on the rise
During the government shutdown and sequester debate, there was talk of doomsday. Public sector workers would be on the street, the country would be in chaos and non-government workers would be in deep trouble. All we have ever heard from government workers is that they need more and more…and more and more. This chart from […]
How to rebrand without failing
For any start-up firm or small business, branding is a major challenge that takes day and night to accomplish. Rebranding a business that has been around for years, on the other hand, is an entirely different endeavor since it tells the marketplace you’re going to be conducting a new way of doing business. Rebranding a […]