from Felix Richter, Statista.com
by Niall McCarthy
Every year, the US Department of State hands out nearly $6 billion of military aid to countries around the world.
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.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
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by Andrea Migliano and Lucio Vinicius, The Conversation
It is often believed that hierarchical and sometimes oppressive social structures like the patriarchy are somehow natural - a reflection of the law of the jungle. But the social structure of today"s hunter gatherers suggests that our ancestors were in fact highly egalitarian, even when it came to gender. Their secret? Not living with many relatives.
Infographic Of The Day: Vehicle Modification For Fuel Efficiency
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FOREX NEWS by DailyForex
Changes are not expected in the Fed’s plan to raise interest rates in the very near future. Fed Chair Janet Yellen will point to some progress in raising employment and lowering inflation when she meets today to discuss the economy’s progress.
The Euro managed to recover some losses made in the wake of the Federal Reserve’s policy release yesterday which tended to support the greenback given that there were no Fed surprises.
The Japanese economy is the third largest in the world, behind the USA and China. Roughly 60% of Japan’s economic output is consumed by the domestic market with 40% of output exported to the rest of the world.
The latest report out of China, its Flash China Manufacturing Output Index, pointed to a drop in factory activity for the third straight month in May, down to 48.4 from an April high of 50.0 and hitting a 13-month low.
After several days when the pressure was high against it, the US Dollar touched a 3-week peak versus the common currency Euro and 2-month high against the Japanese Yen.
by Rodger Malcolm Mitchell, www.nofica.com
Nikos Filis, spokesman for the parliamentary group of Prime Minister Alexis Tsipras"s Syriza party said:
"Our mandate from the Greek people is to reach an agreement where we stay in the euro area without harsh austerity measures."
U.S. stocks retreat from record territory, as Fed hints of "15 rate hike
by Investing.com Staff, Investing.com
U.S. stocks fell slightly on Friday ending the week on a sour note, after Janet Yellen hinted that the Federal Reserve could raise interest rates at some point this year if the economy continues to show improvement.
The Dow Jones Industrial Average and the S&P 500 Composite index finished lower on the session after setting all-time closing records earlier in the week, while theNASDAQ Composite also closed down after spending most of the session in record territory. Bolstered by gains in the transportation and technology sectors, the NASDAQ appeared on pace to eclipse an all-time closing record from April 24, when it ended the session at 5,092.08. Instead, it closed at 5,089.36, down 1.43 or 0.03% following a late sell-off.
22May2015 Market Close: Markets Closed Mixed, Small Caps Closed In The Green Ahead Of The Memorial W
22May2015 Pre-Market Commentary: Investors See Little Future In Today's Financial Posting Sending U.
ECRI"s WLI Growth Index which had spent 28 weeks in negative territory - is now in its third week in positive territory. It is now forecasting better growth later this year. ECRI also released its coincident indicator this week and is reported below.