Economy

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Updated: 1 day 7 hours ago

Bernie Sanders releases tax return details of 2014

Sun, 04/17/2016 - 03:50

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Bernie Sanders, one of the Democratic presidential candidate, has released the details relating to his federal tax return for the year 2014.

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Revival Policies Seem to Work for China but Growth Slows in the First Quarter

Fri, 04/15/2016 - 08:10

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China has embraced certain economic revival policies that appeared to be working as March economic figures came out. But the economy still slowed down further in the very first three months of 2016.

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Reportedly Texas Rangers Launched Investigation Against Texas Agriculture Commissioner Sid Miller

Thu, 04/14/2016 - 08:33

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On Wednesday, a liberal advocacy group said that the Texas Rangers have launched an investigation over allegations that Sid Miller, the Texas Agriculture Commissioner misused tax payer's money to travel to Oklahoma to obtain an injection dubbed "Jesus shot" used to treat chronic pains.

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OECD Member Countries will Discuss ‘Joint Action’ Over Panama Papers Leaks

Wed, 04/13/2016 - 08:07

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On Wednesday, Australian officials said, tax officials from Organization for Economic Co-operation and Development (OECD) countries will discuss different ways in which governments can analyze the data that were leaked through the Panama Papers.

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March Consumer Inflation in China Steady, Wholesale Prices Drop

Mon, 04/11/2016 - 06:59

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In March, consumer price inflation in China grew slightly but not according to expectations, that leveled out the strengthening trend of four-months. The wholesale prices continued its Drop.

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Yellen says U.S Economy on a Solid Path and Interest Rate Hikes on Track

Fri, 04/08/2016 - 07:18

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On Thursday, Federal Reserve chairwoman, Janet L. Yellen, said that the economy of the United States is on a solid path offering signals of inflation and the Fed is on track to raise interest rates further.

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Dollar Close to Its Seventeen Month Low Against the Yen

Wed, 04/06/2016 - 08:09

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On Wednesday, the dollar remained close to its seventeen month low vs. the yen. The slip resulted overnight from the fresh blow as Japan's prime minister's comments suggested that the authorities were watchful about stopping the Japanese currency's appreciation.

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U.S. Treasury Department Introduces Stricter Rules to Curb Corporate Inversion for Tax Avoidance

Tue, 04/05/2016 - 07:13

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Corporate inversions have worried the U. S government for a while where an U. S company acquires an overseas counterpart and thereafter shifts its base abroad to cut down on their tax bill. On Monday, the Treasury Department took further steps curtail this recently popular kind of merger.

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Tax Day Comes Closer; Let’s Look at the Tax Filing Trends

Mon, 04/04/2016 - 10:45

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A research conducted by Joseph Ferrari, a professor of psychology at DePaul University shows that about twenty percent of the Americans are "chronic procrastinators" when it comes to filing for tax returns, whether wealthy or not.

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U.S. Jobs Market Strengthening; Many Workers Settling for Part Time Jobs

Sat, 04/02/2016 - 07:26

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Though slow, but the improving U. S economy is attracting larger number of disheartened Americans once again into the workforce. However, a notable number is also settling for part-time jobs for the time being.

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Official PMI of China Reveals Expansion in March Factory Activity

Fri, 04/01/2016 - 08:27

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China's distressed manufacturing sector seems to be picking up after all. An official survey revealed on Friday showed, China's manufacturing activity unpredictably expanded in March. That's the first boost in activity in the sector noted in last nine months. It also adds to hopes that mounting pressure on China's economy might be easing after all.

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Many Tax Preparers may be Unqualified for the Job

Mon, 03/28/2016 - 08:12

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Every year the tax season is a busy time not only for the IRS but also for the taxpayers who file for a tax return. Most of these tax payers spend huge amount of money to people who handle their tax returns but there are concerns raised over their capabilities and qualification for handling the task.

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Recent Research Shows Gender Gap Still Exists

Sun, 03/27/2016 - 05:42

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No matter how much discussion about equality in pay hits the centre stage, but, a recent report from Glassdoor Economic Research revealed that the gender pay gap still exists. It exists all over the world and much of it is unexplained.

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Maine’s Jobless Rate Decline and Iowa’s Unemployment Rate Rise in February

Sat, 03/26/2016 - 08:38

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Maine's unemployment rate is dropping and the shrinking labor force seems to be a main reason behind it. Friday's unemployment data released by Maine Department of Labor revealed that the civilian labor force in the state dropped four percent in two years which ended this February. That is a five percent drop from Maine's recent high noted in August 2013.

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Boosted Spending and Higher Home Construction Numbers Result in Modest Economic Growth in the U.S.

Sat, 03/26/2016 - 08:27

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The US economy is continuing its modest growth rate maintaining a strong consumer spending trend and optimistic home construction numbers. It's not that the economy is not facing troubles but manages to cope with the strong dollar, growing oil stockpiles and low oil prices.

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China Banks take a New Approach Swapping Stock for Debt as a Stopgap Measure

Fri, 03/11/2016 - 08:20

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As China's economy face further troubles, the banks look for new approaches to shore up the burden of corporate debts.

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Top Ten Illinois Consumer Complaints list Includes Education Related Issues for the First Time

Tue, 03/08/2016 - 08:30

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Taking advantage of the newly introduced online complaint option, people in Illinois filed a record 25,000 Consumer Complaints last year.

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Labor Force Grows in the United States Indicating the Economy is Moving in the Right Direction

Sat, 03/05/2016 - 08:35

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In February, the job growth showed solid numbers indicating that more number of Americans are joining the work force. The numbers are one of the largest noted in many years.

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G-20 Statement says Only Monetary Policies are not Enough for Leading a Balanced Growth

Sun, 02/28/2016 - 06:07

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The financial markets globally have faced mayhem in recent months. The Group of 20 (G20) meeting of finance leaders from around the globe in Shanghai, discussed economic reforms and policy directions that can bring a turnaround in the dwindling growth of economic conditions around the world including China.

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Recent Report Shows the Economy of the United States Still on the Rise

Tue, 02/23/2016 - 08:31

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On Monday, the annual assessment from the President's Council of Economic Advisers mentioned that, last year the U.S economy continued to grow with stronger strides with dropping unemployment and steady job growths. The healthy employment rate cut joblessness almost by half since 2008 recession. The consumer confidence and wages have touched their highest point in more than a decade.

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