Civil rights groups and tech firms are working together to fight back against lawmakers attempting to make it more difficult for citizens to record officers on smartphones and other technology.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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by Samuel Kapon and Joseph Tracy - Liberty Street Economics, Federal Reserve Bank of New York
The contribution of labor input to the potential GDP growth rate for the United States has changed over time. We decompose this contribution into two components: the size of the adult population and the average demographically adjusted employment rate. We find that these two components in the late 1960s and early 1970s contributed at least 2.5 percentage points to potential growth. Since the mid-1990s, the aging of the population has reduced the contribution of labor to growth. We estimate that the current contribution to potential economic growth from labor input has declined to around 0.6 percentage points. One implication going forward is that more labor productivity growth will be required to sustain U.S. growth.
Infographic Of The Day: Living On A Comet - Dirty Snowball Explained
A comet is a mountain of ice and dust, tumbling through space.
FOREX NEWS by DailyForex
Arguably, Australia was the major economy least affected by the Global Financial Crisis. It managed to avoid a recession, but growth was cut significantly, of course and it was one of the first nations to tighten monetary policy by raising interest rates.
A selloff in global sovereign bonds pushed Asian stocks to two-week lows on Wednesday as investors worried it might trigger profit-taking in other asset classes, while the U.S. dollar dragged behind dogged by trade deficit concerns.
After the Dollar’s worst run in several years, the greenback recovered versus its major peers, especially the Euro, but also against a weighted basket of rivals.
Much has been made in certain circles of the risks of prolonged deflation in the Eurozone as a potential brake on domestic demand as patient Western Europeans hold off on large ticket item purchases in the hope that the costs will be reduced when eventually they do part with the hard-earned cash and buy them
The Reserve Bank of Australia's (RBA) decision came down to the wire at its monetary policy meeting Tuesday, with the result of an interest rate cut despite policymakers' concerns over a too-strong Australian dollar and home price gains.
by Bruce Morley, The Conversation
The housing market has been an important part of the policy debates during the general election campaign. The central focus has been on the number of extra houses that each party plans on building, and the nature of the funding and support for these new houses.
Written by Gary
Apparently investors did not like Ms. Yellen"s remarks regarding the Fed is ready to take further steps to curb bank risk as the averages moved sharply lower after being modestly in the green after opening.
WTI oil at new interim highs while the U.S. Dollar descends into support levels.
06May2015 Pre-Market Commentary: U.S. Futures Fractionally Higher, Bad U.S. Employment Change, Europ
1Q2015 (Initial): Productivity Again Contracts, Costs Up. However, Year-over-Year Growth Is Moderate.
Written by Steven Hansen
A simple summary of the headlines for this release is that the growth of labor costs continues to increase significantly from the previous quarter, whilst the rate of growth of productivity declined. If one looks at the year-over-year data - it is showing a steady growth of both productivity and labor costs.