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Boomer Wealth Dented by Mortgages Poses U.S. Risk

Boomer Wealth Dented by Mortgages Poses U.S. Risk | EconMatters | Scoop.it
Mortgage-burning parties in the U.S. may be going the way of home milk deliveries and polyester leisure suits.
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U.S. Top Guns in Darwin Combat Drills as China Tensions Rise

U.S. Top Guns in Darwin Combat Drills as China Tensions Rise | EconMatters | Scoop.it
In Australia’s remote top end U.S. fighter pilots are engaged in combat drills, while Marines sip beers at night in pubs in the tropical city of Darwin. Thousands of kilometers to the north, the U.S. finds itself in increasingly real standoffs with China’s air force.
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A 60% correction ahead? Two experts think so

A 60% correction ahead? Two experts think so | EconMatters | Scoop.it
The Fed's low interest rates could bring a "scary" 50-60 percent market correction, technical analyst Abigail Doolittle tells CNBC.
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Norway to Cut Oil-Production Forecasts as Costs Delay Projects

Norway to Cut Oil-Production Forecasts as Costs Delay Projects | EconMatters | Scoop.it
Norway, western Europe’s biggest oil producer, will probably cut its long-term forecast for crude production as companies reduce spending to counter rising costs and improve shareholder returns.
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Fed's Williams: Summer 2015 rate hike 'reasonable'

Fed's Williams: Summer 2015 rate hike 'reasonable' | EconMatters | Scoop.it
San Francisco Fed President Williams said hiking the benchmark interest rate in 2015 is a "reasonable guess" based on the current economic progress.
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Ballmer Exits Microsoft’s Board After Resignation as CEO

Ballmer Exits Microsoft’s Board After Resignation as CEO | EconMatters | Scoop.it
Steve Ballmer resigned from Microsoft Corp.’s board, eight months after his departure as chief executive officer, ending more than three decades of direct involvement in the world’s largest software maker.
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Obama’s Green Dilemma: Punish China, Imperil U.S. Solar

Obama’s Green Dilemma: Punish China, Imperil U.S. Solar | EconMatters | Scoop.it
From the State of the Union address in January to a recent California fundraising swing, President Barack Obama has missed few opportunities to tout the nation’s use of renewable energy to fight climate change.
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Iceland Tells Airlines Volcano Under Glacier May Erupt

Iceland Tells Airlines Volcano Under Glacier May Erupt | EconMatters | Scoop.it
Iceland warned airlines that there may be an eruption at one of the island’s largest volcanoes located underneath Vatnajokull, Europe’s biggest glacier.
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Cisco cuts 6,000 jobs in restructuring plan

Cisco cuts 6,000 jobs in restructuring plan | EconMatters | Scoop.it
Cisco delivered quarterly earnings and revenue that surpassed analysts' expectations on Wednesday.
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World Awash in Oil Shields Markets From 2008 Price Shock

World Awash in Oil Shields Markets From 2008 Price Shock | EconMatters | Scoop.it
Fighting across Iraq, Libya, Ukraine and Gaza, and an accelerating economy, should mean higher oil prices. Yet crude is falling.
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Cancer-Linked Colgate Total Ingredient Suggests Flaws in FDA Approval Process

Cancer-Linked Colgate Total Ingredient Suggests Flaws in FDA Approval Process | EconMatters | Scoop.it
The chemical triclosan has been linked to cancer-cell growth and disrupted development in animals. Regulators are reviewing whether it’s safe to put in soap, cutting boards and toys. Consumer companies are phasing it out. Minnesota voted in May to ban it in many products.
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Exxon Drilling Russian Arctic Shows Sanction Lack Bite

Exxon Drilling Russian Arctic Shows Sanction Lack Bite | EconMatters | Scoop.it
Sanctions, what sanctions?
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U.S. Carries Out Airstrikes Against Islamist Militants in Iraq

U.S. Carries Out Airstrikes Against Islamist Militants in Iraq | EconMatters | Scoop.it
The U.S. carried out airstrikes against militants from Islamic State in Iraq, the Pentagon said, a day after President Barack Obama authorized the use of military force to protect refugees.
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Buzzing Taiwan's Airspace, China Stages a New High-Risk Stunt

Buzzing Taiwan's Airspace, China Stages a New High-Risk Stunt | EconMatters | Scoop.it
Days after one of its planes flew provocatively close to a U.S. Navy plane, the China's air force sent two fighter jets into Taiwan's air space
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Ukraine Sees Russian Invasion as Rebel Assaults Intensify

Ukraine Sees Russian Invasion as Rebel Assaults Intensify | EconMatters | Scoop.it
Ukrainian President Petro Poroshenko called an emergency security meeting to defend against what he called a “de facto” Russian incursion after separatists gained ground in intensified fighting.
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Gasoline Drops as U.S. Demand Seen Slipping; WTI Steady

Gasoline Drops as U.S. Demand Seen Slipping; WTI Steady | EconMatters | Scoop.it
Gasoline fell after a government report showed U.S. output rose before the Labor Day holiday that marks the end of the country’s peak-demand driving season. West Texas Intermediate crude settled little changed.
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From Yale's Lacrosse Fields to Alibaba's Mega-Deals: The Guy Who Executes Jack Ma's Vision 

From Yale's Lacrosse Fields to Alibaba's Mega-Deals: The Guy Who Executes Jack Ma's Vision  | EconMatters | Scoop.it
At 4:30 a.m. on a May morning in Hong Kong, Joseph Tsai gathered with three other executives of Alibaba Group Holding Ltd. With the U.S. stock market just closed, it was time to submit the Chinese e-commerce giant’s prospectus for an initial public offering -- likely to be the largest ever in the U.S.
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Americans Pay Too Much for Bad Data Plans

Americans Pay Too Much for Bad Data Plans | EconMatters | Scoop.it
Sprint is getting aggressive on mobile data pricing, but not aggressive enough to bring U.S. rates to down to European levels.
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Part-Time Workers a Full-Time Headache on Yellen Radar: Economy

Part-Time Workers a Full-Time Headache on Yellen Radar: Economy | EconMatters | Scoop.it
Federal Reserve Chair Janet Yellen has a stubborn warning light blinking on her labor market dashboard: A group of Americans larger than Washington state’s population can find only part-time work.
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Norway's Statoil in Russian deal

Norway's Statoil in Russian deal | EconMatters | Scoop.it
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Nixon Sends Missouri National Guard Into Ferguson

Nixon Sends Missouri National Guard Into Ferguson | EconMatters | Scoop.it
Missouri Governor Jay Nixon ordered the state National Guard to restore peace after a third straight night of violence in the St. Louis suburb rocked by protests over the killing of an unarmed black teenager by a police officer.
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U.S. Crude-Oil Stocks Rise for First Time in Seven Weeks

U.S. Crude-Oil Stocks Rise for First Time in Seven Weeks | EconMatters | Scoop.it
U.S. crude inventories increased last week for the first time since June as refineries reduced operations and the end of the peak summer driving season approaches.
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Job Market Tilts Toward U.S. Workers in Virtuous Cycle: Economy

Job Market Tilts Toward U.S. Workers in Virtuous Cycle: Economy | EconMatters | Scoop.it
The balance of power in the job market is shifting slowly toward employees from employers.
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Brent Erases Gain as U.S. Strikes Seen Protecting Supply

Brent Erases Gain as U.S. Strikes Seen Protecting Supply | EconMatters | Scoop.it
Brent crude reversed gains on speculation U.S. airstrikes against militants from Islamic State in Iraq will stabilize supplies from OPEC’s second-largest producer.
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Malaysia Airlines to be nationalised amid post-MH17 'overhaul' - Telegraph

Malaysia Airlines to be nationalised amid post-MH17 'overhaul' - Telegraph | EconMatters | Scoop.it
A "complete overhaul" of the beleaguered flag carrier comes amid talk on a name change
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