One European Country Is Not Excited About Christmas

December 20th, 2014
in News, econ_news, syndication

from Felix Richter, Statista.com
by Niall McCarthy

Christmas excitement is building around the world, especially in Europe where hot wine is flowing at Christmas markets and the pace of shopping is accelerating.

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Trucking Tonnage Index Surges in November 2014

December 19th, 2014
in econ_news, syndication

Econintersect: The American Trucking Associations’ (ATA) trucking index increased 3.5% in November following an increase of 0.5% for October. From ATA Chief Economist Bob Costello:

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How the Shrinking of the Labor Force Might Impact Your Community

December 19th, 2014
in econ_news

by Andrew A. Pack - Bridges, Federal Reserve Bank of St. Louis

One trend that will continue to affect the future of economic and workforce development in the United States at a local, state and national level in the coming years is the status—continued decline or possible increase—of the labor force participation rate. This rate impacts the vitality of local and state economies and has many national implications as it continues to fluctuate. Many experts debate the future of this rate. As baby boomers retire, many expect the rate to continue to decline. But with the likelihood of better economic times and improved job prospects ahead, more people may re-enter the labor force.

Pack image

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Fuel Economy Standards Have Increased the Rate of Technology Adoption

December 19th, 2014
in econ_news

from the Chicago Fed

Many countries are tightening passenger vehicle fuel economy standards. The literature on passenger vehicle standards has used structural models to estimate their welfare effects. There is now empirical evidence on the effects of recently tightened fuel economy standards on technology adoption. Specifically, changes in the rate and direction of technology adoption, that is, the extent to which technology is used to increase fuel economy at the expense of other vehicle attributes. It was found that recent U.S. and European standards have both increased the rate of technology adoption and affected the direction of technology adoption.

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Historical Echoes: Santa Claus as Legal Tender

December 19th, 2014
in econ_news

by Megan Cohen - Liberty Street Economics, Federal Reserve Bank of New York

From 1793 until 1861, when the U. S. Treasury Department was given exclusive rights to produce legal tender, thousands of different styles of bank notes were created by U.S. banks. The banks all based their currencies on standardized units, but in most every other way the notes differed wildly - colorful versus monochromatic, and graphics ranging from stock images to almost any concept one could imagine.


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