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3 votes
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Mario Draghi signals 'worse and worse' outlook warrants ECB stimulus
7 votes -
Australian Government's $158b tax cuts pass Parliament, giving Coalition first win since election
5 votes -
Universal Basic Income - Life after automation
8 votes -
Capitalism isn't 'broken'. It's working all too well - and we're the worse for it
27 votes -
How Itta Bena, Mississippi, became a banking desert
5 votes -
Reserve Bank of Australia cuts interest rates to a fresh record low
6 votes -
Shadow banks are back with another big bad credit bubble
11 votes -
With workers hard to find, immigration crackdown leaves Iowa town in a bind
8 votes -
South Africa’s ruling party ANC wins reelection
6 votes -
One out of every 11,600 people in San Francisco is a billionaire
5 votes -
Young Puerto Ricans are leaving the island to escape the territory's debt
7 votes -
Army Corp begins hearings on draft EIS in Alaska for proposed Pebble Mine
6 votes -
How to fix the housing crisis
4 votes -
Australian economic growth slows, enters per capita recession
3 votes -
This land is meant only for saffron. Without it, it means nothing.
10 votes -
EU and Japan create world's biggest free trade zone
10 votes -
‘It feels like I’m at a firefighters conference and no one’s allowed to speak about water.’ — This historian wasn’t afraid to confront the billionaires at Davos about their greed
@nowthisnews: 'It feels like I'm at a firefighters conference and no one's allowed to speak about water.' - This historian wasn't afraid to confront the billionaires at Davos about their greed https://t.co/TiXSJZd89M
22 votes -
Build the US wall? It could take at least ten years, even with 10,000 workers.
11 votes -
Not many people seem concerned with a probable recession, how come?
We are due for one anyway (11 years since the last one) yet I feel like the general sentiment is that the recent market drops are simply a temporary dip despite huge economic, political and...
We are due for one anyway (11 years since the last one) yet I feel like the general sentiment is that the recent market drops are simply a temporary dip despite huge economic, political and geopolitical risks. What am I missing? Why isn't there more coverage about this? Am I looking in the wrong places?
21 votes -
Australian Prime Minister urges voters to 'get shopping' as retailers sweat on last-minute sales
2 votes -
Fed says millennials are just like their parents. Only poorer.
13 votes -
Australia's housing downturn is set to be the largest in nearly forty years, and if the global economy falters it could get even worse
3 votes -
Wisconsin’s $4.1 billion Foxconn factory boondoggle
12 votes -
"Like a TripAdvisor for migrant workers”
4 votes -
The new American dream home is one you never have to leave
9 votes -
Indonesia unveils low carbon development framework
4 votes -
US jobs report - The numbers we do NOT talk about
I almost posted this in ~news but wasn't really sure so feel free to move the post if I got it wrong. The new jobs report is out: https://www.bls.gov/news.release/empsit.nr0.htm I consistently...
I almost posted this in ~news but wasn't really sure so feel free to move the post if I got it wrong.
The new jobs report is out:
https://www.bls.gov/news.release/empsit.nr0.htmI consistently feel like the media just runs with the unemployment rate and ignores the other very important numbers. I think that the economy isn't really "booming" for ordinary Americans and I think that the numbers in the job report that aren't widely talked about are eye-opening.
These numbers used to be talked about a LOT more immediately after the 2008 recessions and during the OWS protests.
To be clear, I'm happy the stock market is up but I don't think it's "trickling" down all that much.
Some examples:
Long-term unemployed are not finding work:
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.4 million over the month; these individuals accounted for 22.9 percent of the unemployed. (See table A-12.)
There are ~4.5 million people who are working part-time who want to work full time, and that number is rapidly growing with ~250,000 added since last quarter:
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 263,000 to 4.6 million in September. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.)
More than 1.5 million American's gave up looking for work:
In September, 1.6 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (Data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
19 votes -
Australian house prices have biggest drop since GFC amid warnings of credit crunch
4 votes -
Everything you need to know about the massive crisis brewing in India’s financial markets
10 votes -
Needy Turkish president Recep Tayyip Erdoğan changes tune on Berlin
10 votes -
S&P raises Australia's budget outlook to stable, reaffirms its AAA credit rating
4 votes -
We're measuring the economy all wrong
12 votes -
The real Goldfinger: The London banker who broke the world
8 votes -
Trump: Impeach me and the market crashes
24 votes -
The markets: Private economy and capitalism in North Korea?
5 votes -
Recep Tayyip Erdoğan faults US for frail economy: good politics, but risky policy
5 votes -
Average Canadian house sold for CAD$481,500 last month, up 1% in past year
6 votes -
Canada doesn’t have an inheritance tax. For the sake of democracy, that needs to change.
23 votes -
Americans own less stuff, and that’s reason to be nervous
16 votes -
America might be ready for democratic socialism. It’s not ready for the bill.
16 votes -
African economy: The limits of ‘leapfrogging’
3 votes -
Vanguard warns of worsening odds for the economy and markets
5 votes -
Trump admin cuts staff at financial markets watchdog
5 votes -
Gaming a Minecraft economy
8 votes -
There are too many artists, most of them crap
8 votes -
Why is vigorous economic competition a good thing?
3 votes -
The EU and Japan have signed an unprecedented free trade agreement which will create one of the world's largest trading blocs
21 votes -
The futility of trade war explained by economist Michael Pettis
6 votes -
How to invest for the next recession
4 votes