By Mike Rosenberg 24 April 2018 (The Seattle Times) – As the Seattle area continues its run as the nation’s hottest real-estate market, it has now seen home prices surge upward for a full six years — with more growth in home values during the current boom than during last decade’s bubble. [cf. How the […]
17 April 2018 (UN News) – While the world economy continues to show broad-based momentum, a new report released Tuesday by the International Monetary Fund (IMF) is warning that there may be choppy seas ahead, caused by increasing protectionism or tit-for-tat trade wars.“Global growth is projected to soften beyond the next couple of years,” said […]
By Tanvi Misra 27 February 2018 (CityLab) – In Philly’s Center City live its richest residents—those who can pay the premium for that walkable, amenity-rich, green neighborhood. But just across the river, blocks away from the lush, expanding campuses of the University of Pennsylvania and Drexel University, the visual landscape of the city changes: Pawn […]
5 Mar 2018 (Central Banking) – The assets of “other financial institutions” grew to their highest level since 2002 in 2016, the Financial Stability Board says. Total assets of OFIs increased by 8% to $99 trillion in 2016, the body says in its 2017 report on the global shadow banking sector, published today (March 5). […]
Dr Jonathan D Quick 18 March 2018 (The Guardian) – Somewhere out there a dangerous virus is boiling up in the bloodstream of a bird, bat, monkey or pig, preparing to jump to a human being. It’s hard to comprehend the scope of such a threat, for it has the potential to wipe out millions […]
By Nathan Brooker 14 March 2018 (Financial Times) – In the stormy spring of 2008, the UK’s worsening property downturn was yet to hit Sloane Street in central London. A full year after the start of the credit crunch and the run on Northern Rock — which started a slide that would see more than 20 […]
By Kathryn Watson 17 March 2018 (CBS News) – About a year ago, President Trump pledged to eliminate the national debt “over a period of eight years.” But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury. The landmark comes shortly after Congress passed, and […]
By Mariana Zuñiga 12 March 2018 CARACAS, Venezuela (NBC News) – Antonio Perez, 73, a semiretired real estate agent, woke up at 5 a.m. to stand in line outside a bank to cash his monthly pension. His breakfast was a cup of coffee.By the time he arrived, there were already 140 people there waiting to […]
By Alistair Gray 28 February 2018 NEW YORK (Financial Times) – Overdue US credit card debt has reached a seven-year high, underlining the difficulties faced by many consumers in spite of the strong performance of the economy.Banking sector data show consumers were at least three months behind repayments or considered otherwise distressed on $11.9 billion […]
By Raj Chetty, David Grusky, Maximilian Hell, Nathaniel Hendren, Robert Manduca, and Jimmy NarangDecember 2016 (The Equality of Opportunity Project) – A defining feature of the “American Dream” is upward income mobility: the ideal that children have a higher standard of living than their parents. Our work shows that children’s prospects of earning more than […]
