Price of College Studies Is Quite Reasonable
It is a commonly accepted idea that, in America, college is out of reach because of its price (tuition and fees). Commonly accepted, but false, as shown by The Economist in a recent article: “American Universities Have an Incentive to Seem Extortionate: They Are Much Cheaper than the ‘Crisis of College Affordability’ Suggests,” (July 23, […]
Individualism and ‘Neon Genesis Evangelion’
Collectivism has had great intellectual reach since the Russian revolution in 1917. Marx’s ideas continue to remain popular, with many seeing the world Marx envisioned as a land of plenty. Ideally individuals sacrifice themselves to the collective in order to reach the next evolutionary stage of society. Yet, collectivism has proved to be nothing but […]
An unlikely tech cluster exemplifies China’s economic vision
A stroll down “Quantum Boulevard” reveals one of the world’s tightest concentrations of bleeding-edge technology firms. Dozens of companies feed a quantum-computing supply chain that did not exist a few years ago. Their wares include some of the most advanced commercialised technology on the planet. The district is hardly a decade old; not long ago […]
JPMorgan backs off recession call even with ‘very elevated’ risks
JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable. While noting that risks are still high and growth ahead is likely to be slow, the bank’s forecasters think the data flow indicates a soft landing is possible. That comes […]
Market Talk – August 4, 2023
ASIA: Singapore’s economy grew by 0.7% year-on-year and 0.3% quarter-on-quarter in the second quarter, avoiding a technical recession. This growth exceeded the expectations of economists, who had predicted a 0.6% year-on-year and 0.3% quarter-on-quarter growth. In the previous quarter, the economy had contracted by 0.4% quarter-on-quarter but saw marginal growth of 0.4% year-on-year. Despite […]
US jobs growth slowed more than forecast in July
US jobs growth was weaker than forecast in July and was revised lower for the previous two months, with the labour market cooling after almost 18 months of interest rate rises. The economy added 187,000 new non-farm jobs, according to data released by the Bureau of Labor Statistics on Friday, compared with forecasts of 200,000. […]
Prices rise for backpacks, notepads, pens
Jamie Grill | Getty Images Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread out her shopping across multiple paychecks. Still, the 31-year-old sees higher price tags on everything from backpacks to paper — and the summer ritual is squeezing her family budget more […]
187,000 jobs added, fewer than expected
Job growth in July was less than expected, pointing to a slower pace in the U.S. economy though perhaps not a long-anticipated recession, the Labor Department reported Friday. Nonfarm payrolls expanded by 187,000 for the month, slightly below the Dow Jones estimate for 200,000. Though the headline number was a miss, it actually represented a […]
Black unemployment rate ticks lower in July as jobs market remains tight
Workers install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea’s research and development facility at the Port of Los Angeles, in the San Pedro neighborhood, on April 21, 2023 in Los Angeles, California. Mario Tama | Getty Images The unemployment rate for Black workers fell slightly in July as the […]
