Spanning the globe this past week, Jodi Miller reports, “The Honolulu City Council has withdrawn a proposal to name a popular beach after President Obama. So instead, they will name an unpopular beach after him.” Also on Miller’s radar is the Chinese economy, Nielsen TV Ratings, Speaker John Boehner, Senator Mark Udall and the rising cost of coffee in this edition of NewsBusted.
Tags » Chinese Economy
The world isn’t ending. Really. After a wild week in global stock markets, which left many wondering whether the six-year-old bull market is dead, National Bank’s chief economist and strategist Stefane Marion has some words of reassurance for rattled investors. 623 more words
- Figures show the Chinese economy is worth $17.6 trillion, compared to America’s $17.4 trillion
- The IMF estimates China’s economy will be worth a whopping $27 trillion in 2019… 1,586 more words
Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund.
The U.S. borrows so fast and so much that it cannot find genuine new lenders.
The European Central Bank recently claimed it will “push down” interest rates from 0.15% to a new low of 0.05%. 991 more words