Drugs and Sex Work Boost the Economy

June 4th, 2014
in econ_news

Now GDP Data Reflects the Truth

by Mike Marinetto, The Conversation

To paraphrase The Wire’s Stringer Bell: “Product, my dear colleagues. Product”. When the putative “CEO” of the Barksdale drug gang was referring to “product”, he possibly wasn’t thinking of the “gross domestic” kind.

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End Of Support Changes Little About Windows XP's Popularity

June 4th, 2014
in News, econ_news, syndication

by Felix Richter, Statista.com

It’s been almost two months now since Microsoft officially ended support for Windows XP, leaving millions of computers potentially vulnerable to malware.

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Infographic of the Day: How El Nino Causes Wild Weather All Over the Globe

June 4th, 2014
in News, econ_news, syndication

The El Nino Southern Oscillation (ENSO) is a shift in the jet stream over the Pacific Ocean caused by warmer-than-usual ocean water. It is responsible for severe weather, droughts and other effects worldwide.

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June 2014 Beige Book: Economic Activity Expanded (You Need to Guess If It Is Better or Worse than Last Month)

June 4th, 2014
in econ_news, syndication

Econintersect: The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) simply said "economic activity expanded". The previous report said "economic activity increased in most regions of the country since the previous report". The key words again this month did not indicate the rate of expansion was better or worse than the previous report - but it was mixed across the country.

Please see the end of this post for words the Federal Reserve uses when the economy is entering a recession.

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Higher Growth, Lower Unemployment Predicted for Second Half of 2014

June 4th, 2014
in econ_news, syndication

from the Philadelphia Fed

The 28 participants in the June Livingston Survey have raised their estimates of output growth for the second half of 2014. The forecasters, who are surveyed by the Federal Reserve Bank of Philadelphia twice a year, project that the economy’s output (real GDP) will rise at an annual rate of 1.5 percent during the first half of 2014 and 3.0 percent during the second half of 2014, followed by growth of 2.9 percent (annual rate) in the first half of 2015. A downward revision for real GDP growth in the first half of 2014, which is 1.0 percentage point lower than the projection in the survey of six months ago, is accompanied by an upward revision to growth in the second half of 2014.

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