ECONOMY

US Household Wealth Leans Over an Uneven Recovery

As H.L. Mencken opined, 'The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, and intolerable.'

Why Negative Gearing Must Go

The OECD (Organisation for Economic Development and Cooperation) is out with its latest global outlook, warning Australia about the blindingly obvious. That is, labour costs and house prices are too high, which threatens our competitiveness on the global stage.
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What is Holding Up The US Dollar?

The relative strength of the US dollar is one of the great mysteries of the financial world. It has defied predictions of collapse for years, despite copping severe abuse from its managers, the US Treasury and their henchman at the Federal Reserve.

A Global War on Savers

So Janet Yellen's first hearing took place overnight. It was fairly boring. She's expected to sail through and become the next Chairperson of theUS Federal Reserve. Given that the last few years of extraordinary monetary policy have achieved a miserable recovery, what's she going to do differently?

Typhoon Haiyan (Yolanda) Update: Residents Are Now Looting Beer from Tacloban Warehouses; Bloomberg Estimates Economic Impact of Megatyphoon at $14B (VIDEOS)

The behaviour of some Tacloban residents continue to puzzle observers after reports surfaced of rampant looting in the city ravaged by Super Typhoon Haiyan (Yolanda). First, the emptied the Gaisano Mall, taking even appliances, electronic goods and branded clothes, putting in question their motives - is it for survival or simply for personal gain. Then they also looted gasoline. On Tuesday, GMA News reported that warehouses in the city were also being robbed of cases of beer!

Google Helpouts Officially Launched: Live Chat via Video with Experts Feat. Sephora Makeup Tricks [VIDEO]

Google has officially launched Helpouts on Nov. 5, 2013. It offers netizens help from experts via live chat over video. It includes tips in Art and Music, Computers and Electronics, Home and Garden, Education and Careers, Fashion and Beauty, Fitness and Nutrition, Health and Cooking. One of the first live video chats to be launched was Helpouts by Sephora featuring several makeup tips and tricks from the French brand and chain of cosmetics stores that can be found all over the world and on the I...

The ‘Financial Economy’ as a Growing Cancer

I would like readers to consider carefully the fundamental difference between a 'real economy' and a 'financial economy'. In a real economy, the debt and equity markets as a percentage of GDP are small and are principally designed to channel savings intoinvestments.

Why Central Banks Are Not Printing Money

It really pays to set up shop in close proximity to a central bank. Australian banks, who have surrounded the Reserve Bank of Australia (the bank in the centre), are raking it in. Yesterday the Commonwealth Bank announced a first quarter profit of $2.1 billion, up 14% on the same quarter last year.

2013 World’s Most Polluted Places Put 200M Lives At Risk - Survey

Based on a new survey citing the world's most polluted places, the lives of at least 200 million people are at risk. These areas are believed severely hazardous to man's health spanning Africa, Asia, Eastern Europe and Latin America.

EU Misspent Nearly $9 Billion Of Budget In 2012: Auditors

Approximately 6.6 billion euros ($8.9 billion) in European Union funds were misallocated or lost to inefficient expenditure schemes last year, according to the bloc's official auditors on Tuesday, marking a 0.9 percentage point rise from the previous year and the third year in a row that inefficient spending have rose.

China Smog Pollution: Sickens 8-year-old, Develops Lung Cancer; Environmental Hazard Becomes Threat to National Security

An 8-year-old girl from China's Jiangsu Province has developed lung cancer, a fine testament to the seriousness of the country's smog pollution problem. The alarming PM2.5 and smog have been blamed as the underlying causes of her condition. Apart from the growing health hazard, the smog has likewise been identified as a threat to national security.

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