The idea seems unthinkable and yet it could well concretize in France where public spending and public debt respectively account for 57% and soon 100% of GDP. It was initially only a rumor spread by some think tank members like Terra Nova’s close to the […]
The likelihood of a vote in favor of the United Kingdom (UK)’s exit from the European Union (EU) was expected as an obvious disaster for 99% of economists, analysts and bankers. In June 2016, the UK did vote for the Brexit, launching a complex unprecedented...
Apparel and home décor retailer Gordmans Stores, Inc. (GMAN) announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nebraska. Founded in 1915, Gordmans currently operates […]
United States’ CEOs’ plans for hiring and investment, and expectations for sales over the next six months jumped sharply with the largest increase since the fourth quarter of 2009, according to the Business Roundtable first quarter 2017 CEO Economic Outlook Survey. CEOs project 2.2 percent […]
In an interview with the daily newspaper Le Parisien, IMF Managing Director Christine Lagarde defended the positive role of globalization in the fight against poverty, believing that the former has allowed a significant reduction in the latter, lifting close to 300 million people out of […]
The US labor market figures are so good that they would already meet the criteria set by the Federal Reserve (Fed) to define a situation of “full employment”. With 235,000 jobs created and a 0.2% increase in the average hourly wage in January 2017, the...
The home-sharing platform Airbnb is allowing “commercial operators to run (…) illegal hotels in neighborhoods across the country,” Katherine Lugar, president and CEO of the American Hotel & Lodging Association (AHLA), said. A new study, Hosts with Multiple Units – A Key Driver of Airbnb […]
According to the Washington Post, the Trump administration promises to pump USD 1 trillion into improving the country’s crumbling infrastructure, but a benchmark report says it will take almost USD 4.6 trillion over the next eight years to bring all those systems up to an […]
“Existing national restrictions on cash payments vary widely. The higher the threshold, the more the convenience of cash transaction is preserved, but the higher the risk that criminal cash transactions fall through the net,” said an assessment by the European Commission (EC) that is studying […]
China’s government work report set a target of around 6.5 percent in 2017, “which is a medium high-speed growth in line with economic laws for the country’s USD 11 trillion economy”, Premier Li Keqiang told lawmakers on March 6, 2017. Describing a shifting global economic […]