By 2020, the goal is for 50% of all of the Navy’s energy consumption to come from alternative sources. In pursuit of this initiative, the Navy is doing research, and testing and certifying all of their engines on renewable fuels.
This morning’s tame wholesale inflation and Housing Starts readings could potentially come in the way of the market’s march towards new all-time highs in today’s session.
Our headline came from the T-shirt of a young soccer player. Her opinion of coming in second in a tournament was quite clear.
One of the best things about covering payments news is that you never run out of stories where various myopic governments attempt to restrict the flow of cash in a squeeze for revenue.
Obamacare, officially known as the "Affordable Care Act", is quickly proving to be so unaffordable that neither businesses nor labor unions want anything to do with it.
I posited that Mario Draghi this past summer “singlehandedly” altered the global financial landscape. This miraculous feat was made possible with his bold guarantee of unlimited ECB bond purchases to backstop troubled euro-zone bond markets and system liquidity more generally.
Speculators in the futures markets may believe that the gold price “should” fall because the central banks say they are not going to competitively devalue their irredeemable paper currencies.
I have spoken many times about "income skew" during the recovery. However, I was never able to precisely quantify the "skew". It's now possible, thanks to many readers who sent a link to a Huffington Post article on Income Gains During the Recovery.
The ‘race to debase’ is on and the majority of nations are now involved in competitive currency devaluations. For instance, in addition to America, Euro zone and Switzerland, even Japan has now affirmed that it wants to weaken its currency.
With frigid temperatures expected to hover between 15-degree and 23-degree Fahrenheit this weekend in Moscow, it’s a wonder why the world’s most powerful finance chiefs and central bankers would schedule their Feb 15-16th meeting in Vladimir Putin’s backyard.