So what drove the big turnaround? It’s pretty straightforward: earnings, earnings, earnings.
Investors like when companies beat on earnings, sales and profits, and by and large, that’s what the market is getting. Over 75% of companies in the SP 500 that have reported earnings so far have beaten analysts’ estimates, according to SP Capital IQ.
Businesses also give a sense of what they expect in the months ahead. Again, with a couple of notable exceptions such as IBM(IBM, Tech30) and Amazon(AMZN, Tech30), the outlook isn’t looking
China thinks manufacturing clothes is so last decade.
As labor costs in the “world’s factory” continue to rise dramatically, global fashion brands are looking elsewhere to source apparel. In addition to established hubs like Bangladesh and Vietnam, the garment game is ripe for new players: Myanmar (Burma), Haiti and Ethiopia, among others, are looking to rejuvenate a once-thriving trade or even build one entirely from scratch.
China will shed approximately 85 million manufacturing jobs in the coming years, which, some development experts say, could be a golden opportunity for economic development à la South Korea.
The standard narrative: Start at the bottom with low-skill, basic textile manufacturing (like T-shirts) and work your way up to more complex garments (like suits), then to more complex goods like electronics. Improved quality of life and a rising consumer class will naturally follow, creating sustainable and natural growth.
As in China, garment assembly will then be seen as low-brow. “You don’t make tanks out of textiles,” says Derek Scissors, a scholar at the American Enterprise Institute.
But whether China’s successors can actually follow the “textile to tank” model is a point of serious contention. Some argue that new entrants can survive only by offering the lowest costs — read: unlivable wages and minimal, if any, rights. Footloose garment brands, apt to
Game 7’s usually bring big ratings, but Wednesday’s numbers may have had an extra lift thanks to a close game and a legendary pitching performance by the Giant’s Madison Bumgarner.
Viewership grew as the broadcast went into the night, with 27.8 million tuning in towards the end of the game.
Over the seven games of the series, the Fall Classic averaged 13.8 million viewers — down from 15.2 million this time last year, but up from 12.7 million two years ago. Fox enjoyed victories in the key 18- to 49-year-old demographic six of the seven nights it aired.
The ratings victories were surely appreciated by Fox after a rough start to network’s fall slate of programming.
Each year, most national governments come out with an annual budget that includes information on the budget deficit. A budget deficit or government deficit is the difference between receipts (like taxes) and expenses (like social security programs). Since there usually is a deficit or shortfall, the government has to make up for it by issuing treasury bills, bonds or notes, which allows the government to collect cash from common or institutional investors, enabling the government to continue its spending on programs. (Watch Investopedia’s helpful video on How Budget Deficits Work.)
In essence, the national debt is the net summation of the budget deficits – a debt that the government owes as an indirect debt to the taxpayers.
A much wider definition of national debt may also add in all possible future obligations and expenses, including future liabilities like pension payments and yet to be paid future amounts for goods and services that have been entered into contracts by the government.
Government borrowing, for the national debt shortfall, can also be in other forms – issuing other financial securities, or even borrowing from world-level organizations like the World Bank or private financial institutions. Since it is a borrowing at a governmental or national level, it is termed national debt or government debt, or even public debt.
The mother of a 21-year-old who died after choking at a Brooklyn school says her daughter was autistic and was supposed to have full-time supervision. Catherine Smith said her daughter Dyasha was nonverbal and wore diapers. She says she told school officials her daughter’s food had to be cut up otherwise she would swallow it whole.
“What the heck is going on?!” It’s a simple question that’s launched an entire book.
In “The Next Money Crash and How to Avoid It,” Uli Kortsch explains what’s wrong with the world’s financial systems and why our economy keeps running into trouble. Kortsch is the founder and president of Global Partners Investments and the Monetary Trust Initiative. He has worked in more than 50 countries, meeting with more than a dozen national presidents and ministers of finance throughout his career.
According to Kortsch, we have banks going bankrupt left, right, and center, and governments are in debt up to the eyeballs. Kortsch says 100 percent of our money is created by debt. There’s no other way around it.
When you borrow money, the bank doesn’t have that money, it creates it. And when you pay it back, it doesn’t exist again.
Wait, what? That’s right.
When you take out a loan, you’re not getting someone else’s money that’s sitting in the bank. You’re not even borrowing the bank’s money. The bank creates that money for you. When you pay off the loan, that money goes away.
And that’s what happened during the Great Recession.
Kortsch says that the problem with the 2008 crash was that we found ourselves in a deleveraging economy where everyone was trying to pay off their debts. That destroyed money.
That’s why the Federal Reserve has been stimulating the economy ever since. The program