Russia Beyond the Headlines
March 26, 2013
Russia may ban cash payments for purchases of more than 300,000 rubles (around $10,000) starting in 2015. The move is expected to boost banks’ cash reserves and put a damper on Russia’s shadow economy. However, the middle class will most likely end up having to pay the price for the scheme.
Moscow is looking to kill two birds with one stone: Firstly, it wants to [...]
New research finds that wind farms actually warm up the surface of the land underneath them during the night, a phenomena that could put a damper on efforts to expand wind energy as a green energy solution.
Researchers used satellite data from 2003 to 2011 to examine surface temperatures across as wide swath of west Texas, which has built four of the world’s largest wind farms. The data showed a direct [...]
April 28, 2012
Government has become its own worst enemy when it comes to the economy, with public spending putting a damper on growth that otherwise continues at a steady if unspectacular pace.
Friday’s gross domestic product report confirmed what a drag government can be: While consumer spending grew at a 2.9 percent clip, state and local governments cut back spending by 1.2 percent on an annualized basis and the federal [...]
by Jill Krasny
There’s nothing like a cheap, tacky gift to put a damper on romance.
And who wants to be that guy—you know the one—toting around a bouquet of chocolate flowers because he waited too long to get a gift?
Actress Delta Burke put it best: “If you want to say it with roses, a single rose says I’m cheap!”
We tapped Dana Holmes, editor-in-chief atGifts.com, for some tips to help you stay classy [...]
NEW YORK — If this is the best, it may be best to forget the rest.
J.P. Morgan Chase & Co. JPM -3.88% mildly disappointed Wall Street Friday by announcing a fourth quarter in which profit dropped 23% from the same period a year ago to $3.73 billion. The earnings matched expectations that analysts had already steered lower, but revenue fell short. Read full [...]
Thanksgiving can be tough for a turkey, but every year two birds get a lucky break thanks to the presidential pardon.
And for the pardoned turkey and its alternate, their large size makes life sweet—but short. Last year’s presidentially pardoned turkeys, Apple and Cider, passed away within the year after President Obama pardoned them. [Best Cities to Visit This Thanksgiving.]
Susie Coston, national shelter director of the Farm Sanctuary, a farm animal rescue [...]
Once again the desperation level is high as seemingly the core driver of overnight strength was a rumor that China would inject €700 billion in the EFSF, coupled with the even more desperate expectation that in a few short hours Ben will launch the LSAP version of QE: something that is virtually impossibly unless stocks drop to triple digits, and a fact that the market with its constant attempts [...]
When it comes to playing the endspiel for Bank of America, there are two binary outcomes: A) either the stock goes to zero in a slow, painful bleed, accompanied by periodic mega squeezes on headlines such as Buffett taking another bath; or B) the stock surges following some substantial government bail out and a quick and painless resolution of the mortgage putback litigation, the [...]
Commentary by Caroline Baum
March 24 (Bloomberg) — There’s one economic aspect of Japan’s earthquake, tsunami and nuclear disaster that seems to be getting lost in the rubble, and that’s the effect on prices.
Yes, prices. Remember them? You’d never know it from the analysis of what Japan’s triple-whammy means for the domestic and global economy.
A natural disaster qualifies as a supply shock. For the graphically inclined, this [...]
Earnings season starts today. As each news announcement comes out, we will probably see some volatility. Wouldn’t it be interesting if the much heralded earnings reports started out badly?!
After I wrote the analysis on friday afternoon, we experienced some extreme positive tick , with two separate instances of +1370 and +1380 tick. This is of some concern to the continued bullish case for today, as tick extremes of these levels [...]