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ECONOMY

‘Our economy is not broken,’ says Hammond, defending capitalism

MANCHESTER, England (Reuters) – Chancellor Philip Hammond will defend his Conservative Party’s management of the economy on Monday, seeking to stave off rising support for the opposition Labour Party’s vision of a more centrally-controlled state. Hammond is due to speak at the annual Conservative conference – seen as a chance …

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To tackle the Indian economy’s woes, create more jobs

The lack of skills for decent jobs is one of the causes of slow growth in employment. Photo: Aniruddha Chowdhury/Mint The Indian economy’s health is not good. Economic growth decelerated to a three-year low of 5.7% in the June quarter of 2017-18. In the same quarter, the current account deficit …

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The Rise Of The Slime Economy

It has become a social media sensation and even led to a run on glue sales. We’re talking slime — and not the green liquid Nickelodeon famously dumps on celebrities. And for many young people on YouTube, Instagram and Etsy, it’s a moneymaker. Of the more than 5 million posts …

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Bangladesh: A Sinking Country with a Growing Economy

Bangladesh, a small country with vast amounts of low-lying land, is expected to force millions of its inhabitants to relocate due to rising sea levels. One of Bangladesh’s biggest domestic industries, agriculture (which contributes 16% to GDP) is therefore expected to experience the worst effects of this population shift. But will this …

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Stagnant farm economy slows growth in Iowa, Nebraska

A stagnant farm economy that has slowed Nebraska and Iowa’s income growth to the lowest levels in the nation is also contributing to state budget problems that could linger through next year, officials said. Key lawmakers from both states said they’re concerned the agricultural downturn will persist, ripping through other …

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Coal plant pumps $51 million into Page economy | Local

As the Navajo Generating Station faces an important closure deadline today, a new report by Northern Arizona University researchers has better quantified what a blow the coal-fired power plant’s closure could be for the nearby city of Page. The study estimated that the power plant contributes $51 million to the …

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