In the article published in the New York times, they discuss the growth and development finally taking place after what seemed to be the disappointing area of Hudson Yard. Now the area is seeing substantial growth and development and thousands of new apartments are being built. The going rate for the rental market there is roughly 100 per square foot in some of the new lavished apartments. This looks like a positive sign to see a rebound in the housing market taking place.
http://www.nytimes.com/2013/04/21/realestate/hudson-yards-on-track-at-last.html?_r=1&adxnnl=1&adxnnlx=1366638613-yHgNX2PpWTjVNzXfeqVKow&
Monday, April 29, 2013
4 Ways the American Worker is Back
Please click here to view Article
This article highlights some statistics and facts showing the American recovery from the "Great Recession." Michael Santoli says the American workers are "beginning to swagger again." Despite the relatively high unemployment rate, there are a sundry of positive outlooks. Americans are feeling better and gaining confidence as housing is recovering, car sales are booming, and high exports are building further economic confidence. The article explains why Americans are feeling better about the economy. Here are some statistics and facts from the article.
- The number of people filing for unemployment benefits last week (article written April 26th) fell to the second lowest level since 2008
- In 2013, American workers will make more than 15 million new cars for the second straight year, returning auto production to its highest level since 2006.
- U.S. exports of goods and services last year reached a new high of almost $2.2 trillion last year, up 39% from 2009
- Before long, American labor will nearly eliminate China’s manufacturing-cost advantage by growing ever more productive and exploiting domestic energy and transportation resources. In a report titled “Made in America, Again,” researchers at the Boston Consulting Group determined that, by 2015, it will be just as economical to manufacture many goods destined for American consumers in the U.S. as producing them in China and shipping them here
This article highlights some statistics and facts showing the American recovery from the "Great Recession." Michael Santoli says the American workers are "beginning to swagger again." Despite the relatively high unemployment rate, there are a sundry of positive outlooks. Americans are feeling better and gaining confidence as housing is recovering, car sales are booming, and high exports are building further economic confidence. The article explains why Americans are feeling better about the economy. Here are some statistics and facts from the article.
- The number of people filing for unemployment benefits last week (article written April 26th) fell to the second lowest level since 2008
- In 2013, American workers will make more than 15 million new cars for the second straight year, returning auto production to its highest level since 2006.
- U.S. exports of goods and services last year reached a new high of almost $2.2 trillion last year, up 39% from 2009
- Before long, American labor will nearly eliminate China’s manufacturing-cost advantage by growing ever more productive and exploiting domestic energy and transportation resources. In a report titled “Made in America, Again,” researchers at the Boston Consulting Group determined that, by 2015, it will be just as economical to manufacture many goods destined for American consumers in the U.S. as producing them in China and shipping them here
This year's worst and best jobs
This article explores the worst and best jobs of the year.
Their findings were very interesting. According to this article published in
TIME magazine, the top jobs of the year are biomedical engineering jobs and software
engineering jobs. The most stressful job they have stated is that of a person
hired by the U.S. armed forces. Newspaper reporter come at the bottom of the
food chain here as they have increasing work pressure and very long working
hours but not enough pay due to budget cuts in major news firms.
Pakistan's economic crisis and upcoming elections
Pakistan has faced severe economic crisis in past 10 years. Couple that with the plague of terrorism, the situation gets even more grim. This article explores the intricate details of the workings of the Pakistani system under the umbrella of the upcoming elections. It also gives an overview of the condition of the country with respect to the elections. It talks about the deep rooted corruption that is hindering the economic system.
Source: http://newsweekpakistan.com/dummies-guide-to-governing-pakistan/
Source: http://newsweekpakistan.com/dummies-guide-to-governing-pakistan/
Sunday, April 28, 2013
The h1n1 virus has spread from mainland China to former province of Taiwan, amid mounting distrust of China, widely seen as the agressor. Taiwan has now spread the travel advisory to the 10th city/province of China, putting out level-2 travel advisories. H1N1 is the human version of the bird flu, and has been limited to China since the first documented case. This is an extremely deadly version of the flu, known for showing very few symptoms and having a death rate of about 90%. This puts strain on the already strained relationship between China and Taiwan, and could force other nations to take sides in a conflict they really didn't want to get involved in. This could also definitely lead to travel and trade restrictions with these nations and the rest of the world. Global outbreaks of H1N1 would be disastrous to infrastructure in the new global economy.
http://www.forbes.com/sites/russellflannery/2013/04/28/taiwan-expands-china-travel-warning-to-10th-city-and-province-as-h7n9-bird-flu-spreads/
http://www.forbes.com/sites/russellflannery/2013/04/28/taiwan-expands-china-travel-warning-to-10th-city-and-province-as-h7n9-bird-flu-spreads/
Jobless Claims Fall
Amidst gloomy economic news that has swirled around the first quarter, the number of unemployment claims is lower than what was predicted for last week. Unemployment claim numbers can be inconsistent week to week, but over time they are one of the better predictors of the strength of the job market. Last week they were 339,000 for first-time filers, which is down from 355,000 the week prior and at half of what it was at the peak of the financial crisis in 2009 (670,000). Second-time or more filers still is at about 3 million which indicates that companies haven't turned to boosting hiring, but at least they are not laying off more workers. Analyzing this trend points towards a hopeful shift to the economy continuing its resilient growth in 2013.
http://money.cnn.com/2013/04/25/news/economy/unemployment-benefits/index.html?iid=SF_E_River
http://money.cnn.com/2013/04/25/news/economy/unemployment-benefits/index.html?iid=SF_E_River
Spain revises down its economic forecast
Spain’s
government is worried that the level of contraction this year might be worse
than predicted. In the beginning of 2013 Spain had the highest unemployment in
its history – 27.2%. The government does not expect any major improvements in
this until next year. The government is now aiming to cut income tax in 2005 as
a stimulus measure in order to improve the economy. Spain had violent anti-austerity protests and
some people were suspected of planning to burn down a bank. These protests were
mainly because of the reports that showed the increase in unemployment and
especially unemployment among youth which is 57.2%. The labor laws in Spain
have been reformed so it’s easier to hire and fire workers.
youth in the economy still struggling
http://www.economist.com/news/leaders/21576663-number-young-people-out-work-globally-nearly-big-population-united
This article states that the youth in the economy are having a tough time finding work in this economy still even though it seems that the economy is getting better. It says that there has been a 30 percent rise in unemployment in the 15 to 24 range of people since 2007 which means that even though the economy is getting better young people are still having a hard time finding work. They also said idleness in the economy is leading to people being out of work later in life. people who don't find work early in their lives have a tougher time finding it as the economy moves on and they get older. This economy is performing well but it is stil hard for people to find work.
This article states that the youth in the economy are having a tough time finding work in this economy still even though it seems that the economy is getting better. It says that there has been a 30 percent rise in unemployment in the 15 to 24 range of people since 2007 which means that even though the economy is getting better young people are still having a hard time finding work. They also said idleness in the economy is leading to people being out of work later in life. people who don't find work early in their lives have a tougher time finding it as the economy moves on and they get older. This economy is performing well but it is stil hard for people to find work.
Chemical Weapons In Syria
This video from The Economist's website discusses reports that the Syrian Army has been using nerve agents against its opponents over the last few weeks. President Obama has said that the use of chemical weapons could be the last straw that might pull America into the situation somehow , however to what degree is not clear. Certainly, getting involved in another foreign country would have a large opposition given the failures of the U.S in Iraq and Afghanistan.
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