Canada’s current coin currency is costing the nation a lot of money, and in order to rein in unnecessary costs, the government should eliminate the nickel, says a new report from one financial institution. Perhaps the future will be free from quarters, too. With Canada already eliminating the penny, Desjardins explains that the Canadian government […]
Archives for May 2016
U.S. Median Income is Falling
By: Ryan McMaken Last weekend, John Crudele at the New York Post noticed, in an article titled “Americans haven’t gotten a raise in 16 years” that in spite of the current administration’s many claims of economic prosperity, the voters don’t seem particularly pleased: Why aren’t Americans happier? One of those pundits made me chuckle Tuesday […]
A tidal wave of defaults coming? Banks say oil town Americans missing auto, mortgage payments
It’s estimated that more than a quarter of a million jobs have been lost worldwide due to collapse in oil prices. Experts say that oil companies will still shed jobs in the coming months as long as oil prices remain under $65 a barrel. As a large number of Americans remain jobless or enter into […]
Fracking helping the poor as cheap energy saves average U.S. household $750 per year
Fracking is apparently saving the average American a lot of money on energy, according to a new report from the Energy Information Administration (EIA). The new report suggests that cheap energy offered by hydraulic fracturing, otherwise known as fracking, has reduced the annual cost of living for the average American by about $750. Because the […]
Puerto Rico warns of more defaults in the summer without a bailout
The government of Puerto Rico missed a $422 million payment Monday. But that may not be the only default for the Puerto Rican government in the foreseeable future. Puerto Rican Governor Alejandro Garcia Padilla warned Tuesday of coming defaults if it doesn’t receive a bailout from the United States Congress. As the island territory’s financial […]