In his book, Human Action, Austrian economist Ludwig von Mises wrote, “The idea underlying all interventionist policies is that the higher income and wealth of the more affluent part of the population is a fund which can be freely used for the improvement of the condition of the less prosperous.”
The imminent arrival of Google Glass may be the tipping point for “wearable tech.” Mobile devices with micro-displays (think Glass or the fabled and elusive iWatch) face challenges on a number of fronts, both social and technical.
The US Energy Information Administration recently released its report showing oil consumption by country updated through 2012.
Today's nonfarm number was higher than the briefing.com consensus, which was for 159K new nonfarm jobs, and the unemployment rate is higher than the forecast that it would remain unchanged at 7.5 percent.
One of the primary debates that is currently raging is whether, or not, the economy is currently experiencing a "soft patch" of activity and is set to begin a longer sustained recovery.
Gold and silver prices whipped sharply Friday lunchtime in London, as new US jobs data matched analyst forecasts with a 175,000 rise in Non-Farm Payrolls for May and a slight rise in the jobless rate to 7.6%.