Yi Wen, an economist working at the St. Louis Fed, says policymakers in the United States “will need to consider negative interest rates” if they want to see a V-shaped recovery. Congress acted quickly to expand unemployment benefits and sent stimulus checks to millions of Americans. That money is now gone, the benefits are ending soon and […]
The stock market recovered strongly and then just too another dip. Now CEOs and other leaders warning that the bumpy economic ride is nowhere near over. “The economic impact of the lockdown is just starting to begin,” says James Quincey, CEO of Coca-Cola. “We’re going to have to recognize that coming after this virus crisis […]
The dawn of the new century and the digital age saw the launch of many revolutionary consumer products. Smartphones, social media and drone technology are just a few of the early new products that found an audience and took off. There were nearly as many ambitious concepts that failed just as spectacularly and embarrassingly. Here […]
Many states are reopening their economies at last, but it’s unclear exactly how fast Americans will get back to spending. Stocks have largely recovered but it’s less clear what happen next with tens of millions filing for unemployment and the risk of evictions ahead of us. The Atlanta Federal Reserve and its “nowcast” data show […]
Advanced Driver Assistance Systems (ADAS), have come under fire lately from many quarters. In light of recent fatal crashes involving cars equipped with driver assisted technology, regulators have started to scrutinize its effectiveness in reducing accidents. Previous advocates of the technology are now reassessing the benefits of the safety system in light of its demonstrable […]
Global economic GDP growth could fall to as low as 1.5% because of COVID-19 shutdowns, according to the Organization for Economic Cooperation and Development (OECD). The group projects that the economic growth of the global economy could have been as high as 2.9% before the viral outbreak. Based in Paris, France, the OECD is an […]
It’s long been theorized that President John F. Kennedy approved the Apollo space program in the 1960s mainly as a political and P.R. weapon against the Soviet Union at the dawn of the Cold War. It was an expensive gamble. The Apollo program cost American taxpayers $25.4 billion in the 1960s, or $152 billion in […]
The global panic over COVID is straining global economies to the breaking point. Dutch-headquartered Rabobank now believes “a global recession is now all but certain.” The bank projects global GDP growth will be 1.6% as 2020 ends. According to the International Monetary Fund, the global economy grew by 2.9 throughout 2019. It is no stretch […]
We’re all told that owning a home is the American dream, since renting an apartment means realizing someone else’s financial dreams. Still, no one ever mentions the nightmare of mortgage payments. The average cost of a new home in late 2019 was about $363,000. As of today, that cost could be as high as $400,000. […]
What exactly does it take to become a billionaire, even a trillionaire, as Amazon founder Jeff Bezos could soon become? Many of us wonder at some point in our life how the truly rich get that way. The truth is that you cannot become a billionaire by accident or overnight, unless you happen to inherit […]
