Despite, or because of, the fallout from the 2007 Great Recession, annual earnings between the richest Americans and everybody else have exploded to record levels. Meanwhile middle- and lower-class wealth growth remains stagnant.
The shortest day of the year is almost at hand. The longest night of worry for Russia’s economy is already upon us. Despite financial storm clouds which threaten international contagion, there is still hope.
For the sake of the Russian economy, the Central Bank cannot continue its waiting game strategy for too long hoping that speculators give up before it does, says Mike Ingram, a market strategist at BGC Brokers in London.
New population projections by the US Census Bureau show that whites will become a minority by 2044. The US will be home to a youthful, growing minority population juxtaposed against an aging, slow-growing, and soon to be declining white population.
The Keystone XL pipeline may no longer make economic sense to build, thanks to falling global oil prices. However, Canada's natural resources minister is in Washington to push hard for the project’s construction.
On the morning of Ed Miliband’s critical speech announcing Labour’s immigration policy, a leaked document revealed the party’s MPs and activists had been told to “move the conversation” away from immigration when speaking to voters.
The oil glut continues, says the latest International Energy Agency’s (IEA) report which slashes demand growth forecasts for 2015. A weak economic outlook for China, Europe, and Russia will see demand rise one percent, not enough to offset oversupply.
A Delta Airlines employee spoke to the press about the need to raise the minimum wage for less than a minute – but that was long enough to invalidate more than a quarter-century of work and get him fired.
The abolishment of the South Stream gas project will negatively affect countries which need cheap energy, such as Hungary, Anna Van Densky, a political commentator for EU Reporter Magazine, told RT ahead of the Central Europe summit in Prague.
UK Energy and Climate Change Secretary Ed Davey says firms should be forced to publically disclose their investments in the fossil fuel sector, highlighting the relationship between climate risk and a predicted decline in the value of such holdings.
Oil prices that have collapsed to 5-year lows will dramatically hit Canada, as energy sales provide about 30 percent of the budget revenues, Jennifer Winter, Associate Director at University of Calgary, told RT.