Tag: china

Fed Study Finds 2 million in "Forced Retirement", 52% Cannot Afford an Unexpected $400 Expense
August 8, 2014 0

Fed Study Finds 2 million in "Forced Retirement", 52% Cannot Afford an Unexpected $400 Expense

By News Desk

We can now put some numbers on "forced retirement" thanks to a Fed study that shows 40% of households show signs of financial stress Four out of 10 American households were straining financially five years after the Great Recession — many struggling with tight credit, education debt and retirement issues, according to a new Federal Reserve survey of consumers. This latest snapshot, which the Fed said was aimed at monitoring the recovery and risks to financial stability, adds to the understanding of the severity of the Great Recession’s effect on households and individuals

Chait gets it
August 6, 2014 0

Chait gets it

By News Desk

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Russia Ponders Russian Airspace No-Fly Zone for EU Commercial and Passenger Jets
August 5, 2014 0

Russia Ponders Russian Airspace No-Fly Zone for EU Commercial and Passenger Jets

By News Desk

Moscow May Force European Airlines to Fly Around Russia . Russian Prime Minister Dmitry Medvedev threatened on Tuesday to retaliate for the grounding of a subsidiary of national airline Aeroflot because of EU sanctions, with one newspaper reporting that European flights to Asia over Siberia could be banned. Low-cost carrier Dobrolyot, operated by Aeroflot, suspended all flights last week after its airline leasing agreement was cancelled under European Union sanctions because it flies to Crimea, a region Russia annexed from Ukraine in March

China Services PMI Lowest Since 2005 as Housing Slumps; Manufacturing Expands
August 5, 2014 0

China Services PMI Lowest Since 2005 as Housing Slumps; Manufacturing Expands

By News Desk

China Services PMI Lowest Since 2005 as Housing Slumps; Manufacturing Expands An interesting divergence is underway in China with manufacturing in expansion while the service sector is at the lowest reading since November 2005 according to HSBC China Composite PMI HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled a third consecutive monthly expansion of Chinese business activity in July. That said, the rate of increase eased from June‟s 15-month high and was moderate overall.