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  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Declaration of date_api_filter_handler::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/date/includes/date_api_filter_handler.inc on line 578.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of uc_product_handler_field_price::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_price.inc on line 94.
  • strict warning: Declaration of uc_product_handler_field_weight::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/ubercart/uc_product/views/uc_product_handler_field_weight.inc on line 61.
  • strict warning: Declaration of views_handler_field_user::init() should be compatible with views_handler_field::init(&$view, $options) in /home1/finfacts/public_html/sites/all/modules/views/modules/user/views_handler_field_user.inc on line 48.
  • strict warning: Declaration of semanticviews_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/semanticviews/semanticviews_plugin_style_default.inc on line 232.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • warning: Creating default object from empty value in /home1/finfacts/public_html/sites/all/modules/views/includes/handlers.inc on line 653.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home1/finfacts/public_html/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /home1/finfacts/public_html/sites/all/modules/views/views.module on line 879.
US

US

(January 2014) Despite a drop in job creation in December and a fall in real earnings in the month, the US economy is forecast to experience much stronger growth as the middle of the decade approaches. While there were 4.0m job openings in November and the number of job openings (not seasonally adjusted) was essentially unchanged over the year for total nonfarm, total private, and government, the number of job openings increased in several industries but decreased in federal government. Underpinning optimism are the private economy’s much-improved fundamentals: Businesses are seen as highly profitable and very competitive, households have reduced debt and are saving more, and the banking system is well-capitalised and liquid.
(January 2014) Occupations and industries related to healthcare are projected to add the most new jobs in the US between 2012 and 2022 while total employment is projected to increase 10.8%, or 15.6m, during the decade
(January 2014) US exports rose to their highest level on record in November while the trade deficit fell as the domestic energy boom cut imports. Meanwhile, US businesses added jobs at a faster pace last month, with strong gains in construction and manufacturing. The falling trade deficit prompted Morgan Stanley economists to raise their estimate of 2013 growth to an annualised 3.3% from an earlier forecast of 2.4% while Macroeconomic Advisers revised its fourth-quarter projection to a 3.5% rate from 2.6%.
(January 2014) The five biggest US lenders control 44.2% of the industry's assets, up from 43.5% in 2012 and 38.4% in 2007. The concentration has progressively evolved since at least 1990, when the top five institutions held 9.67% of bank assets.
(January 2014) The Federal Reserve will begin tapering its bond purchases in 2014, but has also guided the market that the year will see no rise in target interest rates. John Authers analyses the outlook for capital markets as the US exits the greatest monetary experiment in history.
(January 2014) Last year the Dow Industrial average broke record highs 52 times and the average rose 27% -- the highest since 1995 while the Standard & Poor's 500 gained 30% in 2013, its best year since 1997. Good news for some - - the richest third of US households account for 89% of all equities ownership, according to the Center for Retirement Research at Boston College. Meanwhile, down the economic pyramid, the American Dream has been a myth for years. Coined in 1931 by James Adams, a historian, who explained that it’s not about motor cars and high wages but a dream that everyone will be able to attain “the fullest stature of which they are capable… regardless of the fortuitous circumstances of birth or position.” We reported in November that the rags-to-riches story is more prevalent in Hollywood than in reality with 43% of Americans raised at the bottom of the income ladder remaining stuck there as adults; 70% never even make it to the middle while only 4% move from rags to riches. Mobility is better in several European countries and there is evidence that life is getting worse down the pyramid.
(December 2013) A century ago this month, President Woodrow Wilson warned a fractious US Congress that was fighting over a bill to create a central bank, to be known as the Federal Reserve, that he would keep it in session over Christmas until the bill was ready for his signature. He finally got a bill to sign on December 23, 1913 and a century later in the days leading up to Christmas, the central bank's policy making committee decided to reduce its purchases of government bonds. Its role is still an issue of controversy in Washington DC as it has built up over $3tn in bonds since the financial crisis blew up in 2008 -- equivalent in value to a fifth of America's annual economic output.
(December 2013) US crude oil production rose to the highest level in 25-years this month, boosted by the shale fracking boom with annual growth forecast to average 0.8m barrels per day (MMbbl/d) through 2016, when domestic production comes close to the historical high of 9.6 MMbbl/d achieved in 1970.
(December 2013) San Francisco is flourishing, but skyrocketing house prices are spooking locals. With the technology-led boom showing no signs of slowing, the city is struggling with its success.
(December 2013) A recent report says that the stereotypical US manufacturing plant has thousands of employees filling a cavernous factory hall. This stereotype is seriously outdated. The United States now has very few large factories: of more than 295,000 manufacturing establishments counted by the Census Bureau in March 2011, only 815 employed more than 1,000 workers. The reported number increased slightly in 2011, marking the first time since at least 1998 that the number of large plants has shown an uptick. There were 1,504 in 1998.