Worker Productivity + 7.3%, Biggest Increase Since 2009

Worker Productivity + 7.3%, Biggest Increase Since 2009

#worker #productivity #coronavirus #chaos US worker productivity rose at a 7.3% rate in Q-2, the largest Quarterly increase since 2009. Labor costs also rose 12.2%. The US Labor Department report Friday is its 1st estimate of Q-2 productivity and follows Q-1’s 0.3% decliner. Labor costs rose again in Q-2 after rising at a 9.8% rate in Q-1. […]

California Faces Stressful Path Out of Wildfire and Power Crisis

California Faces Stressful Path Out of Wildfire and Power Crisis

$PCG The utility that serves more than 5-M electrical customers in 1 of the world’s most technologically advanced areas is faced again and again with a no-Win decision: risk starting catastrophic deadly wildfires, or turn off the lights bring misery to millions of paying customers. Pacific Gas & Electric (NYSE:PCG) is in bankruptcy, facing $30-B […]

Analysts See Fed Cutting Interest Rates in September

Analysts See Fed Cutting Interest Rates in September

$MS, $GS Morgan Stanley (NYSE:MS) analysts said Monday that they now expect the Federal Reserve to cut rates in September and then again in October. “Trade’s ‘simmer’ has begun to boil, business sentiment and capex have softened further, global growth remains weak and inflation expectations have fallen,” while the gap between 3-month US3MT=RR and 10-year […]

Older Americans Dying of Heart Attacks is Falling

Older Americans Dying of Heart Attacks is Falling

FlASH: A groundbreaking new study holds heartening news for older Americans. Since the mid-1990’s, the number of seniors who suffered a heart attack or died from one dropped dramatically evidence that campaigns to prevent heart attacks and improve patient care are paying off, Yale University researchers said. The study of more than 4-M Medicare patients […]

EU’s Slowdown Worse Than Investors Imagine

EU’s Slowdown Worse Than Investors Imagine

FLASH: The EU’s economy is cooling more than many investors believe, the slowdown poses the biggest risk to the market. The European Central Bank (ECB) has limited tools at its disposal to respond to economic weakness while European governments are not prepared to respond with spending warns Mohamed El-Erian. “People are underestimating how quickly Europe […]

“Green New Deal Will Destroy Our Economy”

“Green New Deal Will Destroy Our Economy”

FLASH: Larry Kudlow: ‘The Green New Deal Will Literally Destroy the Economy” White House economic adviser Larry Kudlow warns that Democrats proposing to overturn The Trump Administration’s success by offering socialist policies will derail economic growth. “I do notwant us to stand idly. I don’t want to let this stuff fester. I want it challenged, […]

Grow Your Own Real Food, This is Why

Grow Your Own Real Food, This is Why

Grow Your Own Real Food, This is Why While stockpiling food is important, not knowing how to grow or find your own food is a huge mistake for anyone interested in long-term “off-grid” survival. Sooner or later even a stockpile designed for a year or more will run out. The only way you can truly […]

American’s Financial Expectations at Odds with Reality

American’s Financial Expectations at Odds with Reality

American’s Financial Expectations at Odds with Reality A new survey finds our expectations at odds with the financial reality of today’s retirees Setting a retirement savings goal can feel like a crap shoot. How can you calculate your expenses, especially for health care, five, 10, 50 years from now? If you’ve punted, you have company. […]

City Noise Linked to Hearing Loss

City Noise Linked to Hearing Loss

City Noise Linked to Hearing Loss Urban noise pollution and hearing loss are linked, according to rankings of 50 large cities in both categories released last Friday. High-decibel urban areas such as Guangzhou, New Delhi, Cairo and Istanbul topped the list of cities where hearing was most degraded, researchers reported. Also, cities least afflicted by […]

Insurer’s Catastrophic Losses Exceeded $175-B in 2016

Insurer’s Catastrophic Losses Exceeded $175-B in 2016

Insurer’s Catastrophic Losses Exceeded $175-B in 2016 A leading insurer reports that last year saw the highest costs from natural disasters since Y 2012, with 2 earthquakes in Japan in April accounting for the heaviest losses. Munich Re (FWB:MUV2) said in an annual survey Wednesday that losses from natural disasters totaled $175 billion last year, some […]

80% of Professionals Will Leave GCC if Income Tax Introduced

80% of Professionals Will Leave GCC if Income Tax Introduced

80% of Professionals Will Leave GCC if Income Tax Introduced VAT in the UAE will bring higher inflation, society of finance professionals says An overwhelming majority of finance professionals would leave the Gulf Cooperation Council (GCC) if income tax was implemented, research has revealed. In a study by CFA Society Emirates, 80% of the respondents said that […]

Chinese Investment in Latin America is the Key to Regional Growth

Chinese Investment in Latin America is the Key to Regional Growth

Chinese Investment in Latin America is the Key to Regional Growth Chinese investments in Latin America and the Caribbean will be Key to the growth and development of this region, especially for tourism and infrastructure, Colombian academic Jose Reyes Bernal Bellon said in an interview Tuesday. Chinese investments are “an added value that provides a […]