The chart below is total annual population growth broken down by OECD nations (33 wealthiest nations, representing 1.3 billion people, OECD members), BRIICS (Brazil, Russia, India, Indonesia, China, S. Africa…representing 3.4 billion people), and the RoW (Rest of the World, representing about 3 billion people). Takeaways – 1) total annual population growth peaked in 1988 and has been decelerating since falling 13% & now down 12m/yr from peak. 2) Growth has been shifting away from the BRIICS to the RoW.
Economic and cultural ties between the nations of Europe haven’t been so strained since the Maastricht Treaty created the European Union in 1993. An influx of more than a million migrants last year has given new life to xenophobic political parties. Terrorist attacks in Paris and Brussels have fueled concern about the continent’s lenient border controls and internal security. The British government has warned that a vote to leave the union would grievously damage both the British and European economies.
Kidney was on the inside at a crucial moment. Now retired after decades of service to the SEC, Kidney recently provided me with a flush of internal documents and emails about the Abacus investigation. The agency holds the case up as a success, and in some ways it was: Goldman had to pay a $550 million fine, and a low-ranking trader was found liable for violating securities laws. But the documents provided by Kidney show that SEC officials considered and rejected a much broader case against Goldman and John Paulson & Co.
As rates on housing loans increase, “companies are taking the hit out of their own profits in order to make life easier for the buyer,” said real estate mogul Ali Agaoglu, developer of the Maslak project, whose property portfolio and television presence have invited comparisons in local media to Donald Trump. “What’s important for the sector is sales, so this kind of support is perfectly natural,” Agaoglu told Bloomberg last month at an economic forum in the ski town of Uludag.
The Growing College Degree Wealth Gap (jdargis)
Among the report’s findings: When American households are organized into four income groups, 24-year-olds from the top two groups accounted for 77 percent of the bachelor’s degrees awarded in 2014. In 1970, that figure was 72 percent, suggesting that growing up in a wealthier household matters even more now in completing a degree than it did four decades ago. Graduates who hailed from households with incomes of at least $116,000—the top quarter—represented more than half of all the degrees awarded in 2014 among 24-year-olds. Students from households that earned less than $35,000—the lowest quarter—represented just 10 percent of all the degrees awarded. The report, which relied on U.S. Census and other data sources, was released by scholars at the University of Pennsylvania, Council for Opportunity in Education, and the Pell Institute for the Study of Opportunity in Higher Education.
This week’s data suggest that the weakness in Asian LNG prices is likely to persist. At the exact same time that numerous new LNG export facilities are starting up globally — particularly in Australia, and to a lesser extent in America.
U.S. exporters seem to be addressing this by diverting shipments to markets like Brazil and Europe. Watch to see where growing LNG supply from the rest of the world ends up — and don’t be surprised to see prices remain low for the foreseeable future.
Last spring, when oil prices began to fall, Hildebrand banded together with like-minded coworkers and began building an oil and gas worker-led nonprofit called “Iron & Earth,” which officially launched this month during a press conference in Edmonton. Through the nonprofit, the oil sands workers hope to help others who have been laid off diversify their skill sets and facilitate the necessary training to transition them to the renewable energy sector. They also want to help incorporate renewable energy projects into oil sands workers’ current scope of work.
The study, from the University of California, Riverside, examines the genetic diversity of corn samples taken from home and community gardens run by immigrants throughout Riverside and nearby Los Angeles. It then compares them with the genetic diversity of mass-market corn: agricultural varieties as well as a supermarket variety that research indicated was often used by home gardeners.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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