The yuan reached a record high yesterday as the central bank fixed its midpoint against the US dollar at the strongest level ever.
That sparked anticipation of further appreciation this year and stoked inflationary pressure on the mainland and Hong Kong.
The People’s Bank of China set the midpoint at 6.2506 yuan per US dollar – up from the fixing of 6.2578 on Thursday – ahead of a visit by US Secretary [...]
THAT IS A STAGGERING NUMBER!
The number of Americans designated as “not in the labor force” in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February.
The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in [...]
(CNSNews.com) – Federal revenue will return to its pre-recession levels in 2013, according to projections from the Congressional Budget Office (CBO), setting a record for the most money the government has ever taken in.
In its latest Budget and Economic Update, the CBO forecasts that federal revenue will top $2.7 trillion in 2013, slightly higher than the $2.6 trillion the government collected in 2007, when the last recession officially began.
Government revenues had [...]
Doomsday re-scheduled? Archaeological record suggests Mayan Armageddon is Sunday
Just as the world sighs in relief at having escaped the Mayan Armageddon, the ancient prophesy may still hold true. According to one archaeologist, the end could come as early as this Sunday.
Scholars have not yet solved the ancient riddle, as the Maya calendar has not been fully decoded and correlated to the Western, or Gregorian, calendar.
“On the stone is written the [...]
Spot the divergence in the chart below, which compares the unemployment rate in the Eurozone and in the US.
In July European unemployment rose to 11.3% – a record post-Euro rate, and the highest since 1990 for the constituent countries. While this was in line with estimates, what surprised the market, and has sent the EUR paradoxically higher (paradoxically, because all a continent in stagflation, which Europe by now most certainly [...]
(AP) You may pay more than ever for a late-summer drive.
U.S. drivers paid an average of $3.72 per gallon on Monday. That’s the highest price ever on this date, according to auto club AAA, a shade above the $3.717 average on Aug. 20, 2008. A year ago, the average was $3.578.
(CNSNews.com) – The average price of ground beef hit a record high in the United States in July, according to data released Wednesday by the Bureau of Labor Statistics.
The BLS has been tracking the average price of a pound of 100% ground beef since 1984. In July, it cost $3.085, up from $3.007 in June.
Prior to June, the average cost of 100% ground beef in the United States had never topped [...]
Eurozone unemployment stood at a record high of 11.0 percent for the second month running in April, with Spain the hardest hit at 24.3 percent, revised official figures showed Friday.
More than 17.4 million people were jobless in the single currency area in April, more than 3.5 million of them aged under 25, meaning 214,000 more youngsters were out of work than in the previous month, according to Eurostat data agency.
From Colorado to Florida, 41 states are pulling out the record books, as the National Weather Service confirms they have had their hottest march on record.
Trend-setting Chicago was among record-breaking cities. It reported an average temperature of 53.5 degrees, topped the previous mark of 48.6 degrees, set in 1910.
Chris Dolce, a weather.com meteorologist, described the 4.9 degree leap as said: ‘pretty amazing’, especially given that records date back to 1871.