Skip to main content

System Messages

  • 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

(December 2013) Last Friday’s US employment report showed that the US economy generated 203,000 new jobs in November on top of 200,000 added in October. Payrolls have expanded by an average of 193,000 in the past three months, up from 145,000 in the three months ended July. The big question for markets is if the Federal Reserve will begin its so-called taper, referring to the reduction of purchasing bonds in the market, when the policy committe meets on December 17-18? “Everything else equal, I would like to see a couple of months of good numbers,” Charles L. Evans, president of the Federal Reserve Bank of Chicago, told Reuters on Friday, referring to the relatively strong jobs numbers in November.
(December 2013) By October 2013, Europe was showing tentative signs of recovery; investors were taking a closer look at Japan after a summer stock market sell-off; and the US housing, manufacturing and energy sectors continued to underpin the nation’s economic resurgence. “I believe that the US economy, its financial system and banking industry averted a meltdown three to four years ago only by creating an unprecedented amount of liquidity,” said Peter Scholla, founder of Global Investment Adviser, a US investment firm.
(November 2013) The biggest US banks are reported to have warned that they could start charging companies and consumers for deposits if the US Federal Reserve cuts the interest it pays on bank reserves. In the third quarter, the nine largest US banks - - which represent almost half the country’s banking sector - - reported a pre-tax net income of $25.9bn -- a jump of $4.6 bn or 21% compared to last year’s Q3 results.
(November 2013) The Dow Industrial average closed above 16000 for the first time on Thursday, up 144.5% from 6547 five years ago, despite a weak economic recovery and persistently high unemployment.
(November 2013) Venture capital financing is commonly seen as being synonymous with US entrepreneurship but it is the exception, not the norm, among start-ups. Historically, only a tiny percentage (fewer than 1%) of US companies have raised capital from VCs. And the industry is contracting: So most American entrepreneurs do not pitch to a VC but they need other skills to succeed.
(November 2013) In recent years as US manufacturing recovered from the recession, there was also attention to the US becoming more competitive as a manufacturing location. "We're basically moving our appliance manufacturing back from Mexico and China to basically Louisville (Kentucky)," Jeff Immelt, CEO of General Electric, said last year. "When we looked at it on a cost basis, our labor is still higher, but it's closer than it's been in the past. And both materials and distribution are less expensive in the United States than imported. So we see the opportunity to bring jobs -- certain jobs, not every job -- back. And we think this is going to take place in areas like software as well." While so-called onshoring is not going to create a huge number of jobs, an interesting development in recent years is that outward FDI (foreign direct investment) from the manufacturing sector has had a multi-year decline.
(November 2013) One of the hallmarks of the American Dream is equal opportunity: the belief that anyone who works hard and plays by the rules can achieve economic success. Recent research finds that 40% of Americans consider it common for a person in the United States to start poor, work hard, and become rich. But that rags-to-riches story is more prevalent in Hollywood than in reality. In fact, 43% of Americans raised at the bottom of the income ladder remain stuck there as adults, and 70% never even make it to the middle while only 4% move from rags to riches.
(October 2013) It’s foolish to use Greece’s woes as an example of what could happen the US. However, Eurozone member countries and the US do share the same protection from currency movements when it comes to public debt.
(October 2013) The best idea in the world can flop if the entrepreneur doesn't have a sustainable, financially stable business model and about 60% of US startups survive to age three and roughly 35% survive to age 10, according to US research. Even in companies that are screened by assumed experts, about three-quarters of venture-backed firms in the US don't return investors' capital, according to recent research by Shikhar Ghosh, a senior lecturer at Harvard Business School.
(October 2013) During the US government shutdown and the impending deadline for the raising of the federal debt ceiling, Chinese officials expressed concern about the risk of default and the implications for its holdings of US debt. What is that exposure? Menzie D. Chinn, a professor of public affairs and economics at the University of Wisconsin, Madison, says in today's issue of the International New York Times: "Foreign entities - - governments, companies and individuals - - hold nearly half of the publicly held debt owed by the United States. Of China’s $3.6trn in foreign exchange reserves, about 60% is estimated to be held in US government securities." This is not correct as the ratio of Chinese reserves invested in US public and private securities in 2012 was below 50%.