It was Dickens who said, “It was the best of times, it was the worst of times.” The virus COVID-19 has permanently changed our lives. While we are living in the shadow of a tragic global health and economic crisis, we are also seeing unprecedented international cooperation to care for […]
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Rethinking the Nobel Prize in economics
Each year around this time, economists patiently await the announcement of who will win the highest honor bestowed in the profession. This is the Nobel Prize in economics, and the countdown to October 12 has begun. Considering the prestige associated with the prize, it’s worth asking why it exists and what value […]
IBD/TIPP Poll Shows 22.7{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} Increase in Economic Optimism; Index Returns to Positive Territory for the First Time Since March
Presidential Leadership Index and National Outlook Index rise by double digits across every component The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, revealed dramatic increases in positive sentiment this month, rising from 45.0 to 55.2 (22.7{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}) overall. This brings the index back into positive territory for […]
Data Sends Mixed Signals About Holiday Spending
Share Tweet Share Share Share Print Email Hopes for fresh signs of strength heading into the holiday shopping season were crimped Thursday (Oct. 1) after the first major data report of the fourth quarter showed a continuation of America’s recent economic woes. New figures from the Bureau of Economic Analysis […]
Chester aims to revitalize its waterfront after decades of economic hardships
Having to face financial hardships for many years, the city of Chester has approved yet another plan to revitalize its waterfront. Chester aims to revitalize its waterfront Click to expand UP NEXT A plan that could take up to 15 years, in hopes of bringing success to a city that […]
Coronavirus layoffs send middle-class workers to lower-wage jobs
Californians need income and fast. Thousands of people who weathered the initial storm of pandemic shutdowns have started the hunt for new work. Faced with the most unforgiving job market in recent history, many are turning to the few industries hiring. Often, they’re the ones on the front lines. A record […]
It’s time to make Ohio a leader in clean energy
Each presidential election, we are reminded of Ohio’s reputation as a bellwether state in national politics. No doubt we will be hearing the phrase “As Ohio goes, so goes the nation” reprised in the coming weeks, as Cleveland hosts the first presidential debate of 2020 and the candidates continue to […]
How one mortgage servicing company is prioritizing home retention during economic uncertainty
Nearly two years ago, Ocwen acquired PHH Corporation, and Glen Messina became the president and CEO of the newly combined companies. Today, Ocwen Financial Corporation is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. HousingWire spoke with Messina on […]
Terry McAuliffe column: A federal privacy law Is essential to economic recovery | Columnists
Witness the recent case in which police use of ineffective facial recognition technology led to the arrest of an innocent African American man in Detroit. And while states are starting to step up to fill the gaps, a state-by-state approach will lead to conflicting privacy standards and leave Americans inconsistently […]
Euro Zone Economic Recovery in Danger as Services Slide | Investing News
LONDON (Reuters) – Euro zone business growth ground to a halt this month, throwing the economic recovery into question, as fresh restrictions to quell a resurgence in coronavirus infections slammed the services industry into reverse, a survey showed on Wednesday. The renewed downturn in the dominant services sector, which is […]
As China Ages, a Push to Add Elevators Offers a New Kind of Economic Relief
GUANGZHOU, China — When China faced previous economic slowdowns, it favored pharaonic, multibillion-dollar construction projects to quickly pump money into the economy. A bullet train network that now connects 700 cities. Ultramodern expressways longer than America’s interstate highways. And 81 of the world’s 100 highest bridges. Now, a top Chinese […]
Wildfires intensify economic pain in the West
(AP) — The fires consuming the forests of California and Oregon and darkening the skies over San Francisco and Portland are also damaging a regional economy already singed by the coronavirus outbreak. Wildfires are destroying property, running up huge losses for property insurers and putting a strain on economic activity […]