economic impact Archive

carbonCalgary company can capture CO2 at a cost of $94 per ton

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Nature – Sucking carbon dioxide from air is cheaper than scientists thought Researchers at Carbon Engineering in Calgary, Canada, have been operating a pilot CO2-extraction plant in British Columbia since 2015. They are using direct air capture. Depending on a …

economic impactUS composite PMI indicator consistent with annualized GDP of 3.5%

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Chris Williamson, chief business economist at IHS Markit indicates the US PMI is consistent with an annualized GDP of 3.5%. A markedly improved service sector performance takes the final composite PMI reading above the flash estimate and to its highest …

basic incomeItalian Government talks 780 euro per month basic income and tax cuts despite Greece like debt levels

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A new Italian government was sworn in Friday in Rome after months of political turmoil that unnerved investors and sparked worries that the eurozone’s third-largest economy could ditch the currency. Two major populist parties, the Five Star Movement and the …

economic impactUS economy looking strong for rest of 2018 and 2019 despite trade fears

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Friday’s economic data provided evidence the U.S. economy is heading into the second half of 2018 with strong momentum. Economists are slowly ratcheting up expectations for growth through the end of the year, with widely followed measures putting the second …

economic impactUS military costs is not just high salaries but bloated equipment costs

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US General Milley tries to make the case that China matches the US military budget because US salaries are so much higher than China’s. China is catching up to US military technology. The US military budget is bloated because of …

economic impactIndian rupee weakens 5.15% in 2018 as high oil prices hurt

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The Indian rupee, which hit its lowest in 15 months against the U.S. dollar on Monday, is expected to depreciate even more. The weakened currency signals potential troubles for Asia’s third-largest economy amid higher oil prices and rising interest rates …

economic impactIndian rupee weakens 5.15% in 2018 as high oil prices hurt

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The Indian rupee, which hit its lowest in 15 months against the U.S. dollar on Monday, is expected to depreciate even more. The weakened currency signals potential troubles for Asia’s third-largest economy amid higher oil prices and rising interest rates …

asiaASEAN economy should be larger than European Union by 2050

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With a projected annual growth rate of over 5% a year, ASEAN is forecasted to overtake the EU and Japan to become the 4th largest economy in the world by 2050, behind China, India, and the US. This growth is …

asiaASEAN economy should be larger than European Union by 2050

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With a projected annual growth rate of over 5% a year, ASEAN is forecasted to overtake the EU and Japan to become the 4th largest economy in the world by 2050, behind China, India, and the US. This growth is …

economic impactUS economy growing faster than expected and in April is past $20 trillion GDP

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In CBO’s (Congressional Budget Office) projections, the growth of real GDP exceeds the growth of real potential output over the next two years, putting upward pressure on inflation and interest rates. But during the 2020– 2026 period, a number of factors …