Firm Charged with Treating Vulnerable Older Investors as ATM Machines

December 18th, 2014
in econ_news

from the Securities and Exchange Commission

The Securities and Exchange Commission today charged a Staten Island, N.Y.-based firm, its former president, and two sales representatives involved in a fraudulent boiler room scheme targeting seniors to invest in speculative start-up companies.

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Rail Week Ending 13 December 2014: Growth Spurt Within a Strong Growth Cycle

December 18th, 2014
in econ_news, syndication

Econintersect: Week 50 of 2014 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rate of growth continues to be very strong in all of the rolling averages reported below.

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U.S. Household Gasoline Expenditures in 2015 on Track to be the Lowest in 11 Years

December 18th, 2014
in econ_news

by Tom Doggett and Russ Tarver, U.S. EIA

The average U.S. household is expected to spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years. Lower fuel expenditures are attributable to a combination of falling retail gasoline prices and more fuel-efficient cars and trucks that reduce the number of gallons used to travel a given distance.

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Fed's Balance Sheet 17 December 2014 Sets New Record High

December 18th, 2014
in econ_news, syndication

Total Fed Balance Sheet

Fed's Balance Sheet week ending balance sheet was $4.462 trillion - up from the record $4.452 trillion for week ending 19 November 2014 and up from the $4.448 trillion for week ending 10 December.  The balance sheet has insignificantly declined from its peak. Note that on the 29 October 2014, the Federal Reserves governing board (FOMC) stated that .....

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Infographic of the Day: The Culinary Similarities Between Thai and Lao Cooking

December 18th, 2014
in News, econ_news, syndication

Warning: Contents of this infographic will make you hungry!

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