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4 votes
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My prediction about autonomous cars: Answers with Joe
5 votes -
How valuing productivity, not profession, could reduce US inequality
5 votes -
How elite professions create inequality
5 votes -
The $250 trillion burden weighing on the global economy in 2020
9 votes -
Finland braced for strikes seen shaving $220 million off economy
4 votes -
If Universal Basic Income would be introduced, how would you stop prices from rising uncontrollably?
This question has been going through my head for quite some time. UBI has been talked about quite a bit now, and usually the question is if it should be introduced and if yes, how much should...
This question has been going through my head for quite some time. UBI has been talked about quite a bit now, and usually the question is if it should be introduced and if yes, how much should everyone get?
But how would you stop UBI from inflating the economy? If everyone suddenly gets 1000€/month purely because they exist, how do you stop rent from suddenly going up 1000€/month? How do you stop it from going up gradually?
28 votes -
China's ancient dominance, how the West took it away from China and how China is regaining it
8 votes -
Do you think a recession is likely within the next 15 years? If so, what/who will cause it and why?
I am not even remotely knowledgeable about economics and stocks so if any logic in this is flawed, please tell me why. If it happens (which seems likely but not a given) I think the most likely...
I am not even remotely knowledgeable about economics and stocks so if any logic in this is flawed, please tell me why.
If it happens (which seems likely but not a given) I think the most likely offenders would probably be companies like Uber and WeWork because they kept going with their current practices (mainly unsustainable and sometimes still unprofitable) to the point where venture capitalists decide it's too risky an investment to make and the stocks eventually crash in these companies and the whole market soon follows.
20 votes -
Bank of Canada holds at 1.75%, warns economy's resilience to be 'tested'
8 votes -
Oregon woman turns school buses into tiny homes for working homeless families
7 votes -
Uncertainty about US President Donald Trump's trade war with China and Brexit are creating a "flying blind" economy
5 votes -
Yield curve and predicted GDP growth
9 votes -
Bank of Canada maintains overnight rate target at 1.75%
7 votes -
Australian government braces for poor GDP result as shoppers keep wallets shut
7 votes -
The next recession will destroy millennials
24 votes -
US President Donald Trump says he's raising tariffs on China after its retaliation
9 votes -
Imported cheese prices are about to double due to proposed US tariffs
12 votes -
Up to 40% of retail stores in Finland could go bust by 2030 – competition from online retailers will bring major upheaval
7 votes -
Inflated bond ratings helped spur the financial crisis. They’re back.
5 votes -
ASX 200 share index hits a record high, finally beating pre-financial crisis levels
3 votes -
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 -
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