Monday, December 9

Tag: economy

The moon could get its own time zone. Here’s why.
6Apr By adminNo Comments
Money

The moon could get its own time zone. Here’s why.

NASA to decide the moon's time zone NASA to decide the moon's time zone 00:24 The moon could soon get its own time zone. The White House is directing NASA to work with other government agencies to develop a lunar-based time system called Coordinated Lunar Time, abbreviated as LTC. The Biden administration has given the space agency until the end of 2026 to hammer out the new system.According to a Tuesday memo from the White House's Office of Science and Technology Policy, the goal is t...
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Employers added 303,000 jobs in March, surging past economic forecasts
5Apr By adminNo Comments
Money

Employers added 303,000 jobs in March, surging past economic forecasts

Labor secretary on latest job numbers Unemployment rises to 3.9%, labor secretary responds 07:08 U.S. employers added 303,000 jobs in March, far surpassing of economists' predictions and signaling the labor market remains resilient.Analysts surveyed by FactSet expected businesses had added 200,000 jobs last month. The unemployment rate held steady at 3.8%, the U.S. Department of Labor said on Friday.The latest data follows scorching hot hiring i...
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These jobs saw the biggest pay hikes across the U.S. in 2023
1Jan By adminNo Comments
Money

These jobs saw the biggest pay hikes across the U.S. in 2023

How to secure dream job in 2024 How to secure dream job in 2024 03:08 The ferocious inflation that slammed Americans during the pandemic was partially offset by the strongest pay gains in years. Even as people paid more for everything from groceries to rent, real weekly earnings for the typical U.S. worker rose 1.7% between 2019 and 2023, government labor data shows.Driven by a resilient labor market, some jobs saw particularly strong wage increases over the last year, according to a r...
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Stocks close out 2023 with a 24% gain, buoyed by a resilient economy
30Dec By adminNo Comments
Money

Stocks close out 2023 with a 24% gain, buoyed by a resilient economy

Investors have plenty to cheer as 2023 draws to a close, with the S&P 500 ending the year with a gain of more than 24% and the Dow finishing near a record high. Easing inflation, a resilient economy and the prospect of lower interest rates buoyed investors, particularly in the last two months of the year.The benchmark S&P 500 index inched lower Friday, the last trading day of 2023, but ended the year with a 24.2% gain. The Dow Jones Industrial Average rose more than 13% this year, and the Nasdaq soared 43%, driven by gains in big technology companies, including Nvidia, Amazon and Microsoft. The rally that started in November helped broaden the gains within the market beyond just the big technology companies. Investors were also buoyed by a December forecast from the Federal Reserv...
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The Nippon Steel Deal Is Good for America
29Dec By adminNo Comments
Health

The Nippon Steel Deal Is Good for America

Democrats and Republicans alike are assailing Nippon Steel’s prospective purchase of U.S. Steel as a threat to national security. The complaints are misplaced. Essential to national security is economic competitiveness, which is strengthened by global connections such as inward foreign direct investment.A more competitive economy is better able to fund the military and ameliorate the inevitable guns-for-butter trade-offs. Consider the Cold War. Fast labor-productivity growth after World War II expanded America’s tax base to fund investments in defense, science and space exploration. America eventually won the Cold War largely because the Soviet empire couldn’t deliver the goods. The Berlin Wall fell in part because people behind the Iron Curtain yearned for Mercedes sedans rather than Tra...
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Worldwide, 2024 Elections Promise a Whirlwind
28Dec By adminNo Comments
Health

Worldwide, 2024 Elections Promise a Whirlwind

Dec. 28, 2023 12:49 pm ETIt’s (almost) election year, baby! Every year is important in its way, and most elections matter to someone. Even so, 2024 promises to be unusually electorally exciting due to the sheer amount of voting across the democratic world—and over what issues.What seems likely to be an awful U.S. presidential election in November is only part of the story. Hyperventilation about Donald Trump’s supposedly authoritarian instincts and well-founded concerns over Biden family corruption will motivate the major parties’ bases. But don’t lose sight of the global significance of this contest, given the security and economic threats and challenges confronting the winner. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...
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America Feels Like a Codependent Household
25Dec By adminNo Comments
World

America Feels Like a Codependent Household

America feels like an alcoholic household—crazy with grievance, accusation, irrational rage, screaming in the middle of the night. The children lie in the dark, wide-eyed, listening. In the morning, the family comes downstairs trying to pretend that everything is normal. There’s a lot of pretending: The southern border isn’t wide open; unpunished crime is social justice; the president of Harvard deserves her job. Things aren’t normal. Everyone knows it. The country doesn’t quite recognize itself. America has gone astray in a strange new landscape. It’s a different America all right. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Dean Phillips, the Democrat Who Says Biden Can’t Win
22Dec By adminNo Comments
Business

Dean Phillips, the Democrat Who Says Biden Can’t Win

New YorkJoe Biden is asking voters to let him field the nuclear football until he’s 86, which is an obvious political vulnerability. Yet many Democrats fear that acknowledging this in a voice louder than a library whisper would help Donald Trump and damage their inevitable 2024 nominee. Rep. Dean Phillips has no qualms about weakening Mr. Biden. “He’s going to lose anyway,” the Minnesota Democrat says. “I don’t see any way for Biden to beat Trump in any circumstance whatsoever.” The people truly undermining Mr. Biden are the ones “propagating this delusion that he can be the next president.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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India’s economy projected to grow at 6.3% in current fiscal year, says IMF
19Dec By adminNo Comments
Business

India’s economy projected to grow at 6.3% in current fiscal year, says IMF

The IMF's growth projection for the current financial year, ending March 31, 2024, is lower than the 7 per cent forecast by the Reserve Bank of India (RBI) India's economy is projected to grow at 6.3 per cent in the current fiscal year and the next, the International Monetary Fund (IMF) said late Monday, supported by macroeconomic and financial stability.   The country's digital public infrastructure and a strong government infrastructure program will continue to sustain growth, the IMF said in its Article IV consultation report, which reviews a country's current and medium-term economic outlook.   "India has potential for even higher growth, with greater contributions from labour and human capital, if comprehensive reforms are implemented," the IMF said.&#...
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