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The euro slipped on Tuesday after European Central Bank Governor Jean-Claude Trichet said he shares the view that a strong dollar is in the interest of United States, a comment taken by some market players as showing frustration over the dollar’s relentless fall and also an attempt to talk up the currency. Trichet also told [...]
The Australian dollar has risen to a 29-year high against the US dollar as demand for the country’s commodities continues to grow. It rose as high as $1.0318 in trading on Wednesday, the highest since the currency was freely floated in 1983. There has been a steady demand for Australian commodities from growing economies like [...]
Free exchange Joblessness in Rhode Island P.P. | NEW YORK To overcome one of the worst labour markets in the country, the smallest American state needs to start helping itself AMERICA’S jobs machine is still broken. As the economy slowly recovers, the labour market is struggling to follow suit. Unemployment remains stubbornly high, at 9.9% [...]
Free exchange European crisis R.A. | WASHINGTON The European debt situation, briefly explained HERE’S the European crisis in a nutshell: Got it?
Free exchange Pensions A.S. | NEW YORK It's time to reconsider retirement IF YOU’RE like most people you’ve not saved enough for retirement. There’s a good chance your savings and state pension (such as Social Security) will not provide enough income to live in the manner in which you’ve become accustomed for up to thirty [...]
Free exchange Gender R.A. | WASHINGTON Do women enjoy their work too much? AT VOX, Mirco Tonin and Michael Vlassopoulos describe two kinds of altruism: A worker may enjoy contributing to a cause he or she cares about. This joy that arises from the act of contributing is referred to as “warm glow”…For example, a [...]
Free exchange American output R.A. | WASHINGTON American recovery continues, despite downward revisions Images: AMERICA’S economy performed just a little worse in the first quarter of 2010 than the Bureau of Economic Analysis previously estimated. Economists were expecting a slight upward revision to growth in the BEA’s second estimate of first quarter GDP, from the [...]
Free exchange The euro R.A. | WASHINGTON Debating the single currency HOPEFULLY, you’ve had a chance to click over to the latest Economist debate, on the motion: This house believes the euro area will fragment over the next ten years. There have been some very good contributions from Martin Feldstein and Charles Wyplosz. Tomorrow will [...]
