Word: economice
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It used to be that markets waited anxiously to see what the Federal Reserve would decide about short-term interest rates. These days that's a given: rates are stuck between 0% and 0.25% for the foreseeable future. Instead, the only real news one can hope for out of a...
Actually, there was a slight shift since the last Fed statement. At the end of April, the FOMC worried that "inflation could persist for a time below rates that best foster economic growth and price stability in the longer term." This time the wording was shortened to a simple prediction...
So build the turbines, and the electricity will come? Not exactly. For one thing, offshore turbines would likely be necessary in a wind-centric energy future, but local communities in coastal areas have fought against offshore, claiming the turbines spoil seaside views. (One iconic project on Massachusetts' Cape Cod, called...
Since 1988, Harvard's Joint Center for Housing Studies has published an annual report assessing the state of housing in the U.S. This year's analysis culls information from several sources, including the Census Bureau, the Department of Housing and Urban Development, the Bureau of Labor Statistics and the Bureau...
• On how housing challenges affect the overall economy: "[H]ome equity fell by $2.5 trillion in real terms in 2008 and nearly $5.9 trillion (or 43 percent) from the 2005 level. The loss of housing wealth caused consumers to curtail cash-out refinances and pull back on spending, knocking...