Topic: Global Insight Inc.
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World's cheapest gas: Top 10 countries
While Americans and Europeans bemoan the cost of gasoline at the pumps, people in some other parts of the world enjoy filling up their tanks cheaply thanks to subsidies provided by wealthy, oil-rich governments. Here are the 10 cheapest countries on Earth to fill a gas tank.
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Smoke and mirrors in Obama's budget? Five examples of creative accounting.
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Top 5 overlooked stories of 2010
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![Retail sales rise, countering recession fears in stock market [VIDEO]](/var/archive/storage/images/media/images/0812-abuy-shoppers/10602875-1-eng-US/0812-ABUY-shoppers_thumbnail_90.jpg)
Retail sales rise, countering recession fears in stock market [VIDEO]
Retail sales are up 0.5 percent, their biggest gain in three months – but consumer sentiment is at a three-decade low.
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Stock market volatility: Dow jumps on jobs report, plunges, then rises again
Stock market gains early Friday morning were wiped out by noon, before another rally ensued. A better-than-expected jobs report gave some analysts hope that another recession could be averted.
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What could happen to the global economy if US defaults
Some private economists see devastating effects, such as stock markets plunging. But other economists don't envision such a scenario, suggesting that the Fed, for example, may step in.
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Economic bright spot: bargain-hunting foreigners flocking to US
The dollar has taken a beating, but that makes America an attractive destination for foreigners looking for bargain vacations. It's a boon for the US tourist industry and travel-related jobs.
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If debt ceiling talks yield no deal, how bad for US economy?
Higher interest rates. No money for things like highways, federal workers, defense contractors, food stamps. Return to recession. That's what most economists see as inevitable if national debt ceiling is not raised.
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New home sales fall. But are you ready for housing recovery?
New home sales and existing home sales dipped last month and prices continue to fall. But the slump is sowing the seeds of its own housing recovery.
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Home sales at six-month low, showing weakness even in 'peak' season
Home sales in May stood at 4.8 million – down from 5 million in April and lower even than the figure for winter months. Realtor association cites tight credit and severe weather.
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Mortgage debt is down, Americans' net worth up, but analysts call gains fragile
The Fed reports a decline in mortgage debt and increase in household net worth, but economists say stock market declines mean Americans' improved financial condition last quarter is fragile.
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Economy cools more than expected, rattling stock market
Slowdowns in car sales, manufacturing, home sales, and job creation collectively shook the stock market. Both the Dow and S&P 500 fell more than 2 percent Wednesday.
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'Double dip' in home prices is official, and prices could drop more
Home prices fell sharply during the first quarter of 2011, according to the S&P/Case-Shiller index. The 'double dip' means they dropped below their Great Recession low point, reached in early 2009.
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Memorial Day travel: Americans will go farther, despite gas prices
Gas prices may be high, but 35 million Americans plan on Memorial Day travel. Gas prices may change spending patterns from Memorial Day 2010.
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Two years after end of Great Recession, how are we doing?
The Great Recession officially ended in June 2009. That's apparent on Wall Street, less so on Main Street. But the economic recovery is gradually being felt in places like Poughkeepsie, N.Y.
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Gas prices could drop 20 cents by Memorial Day, experts say
Gas prices are expected to drop – perhaps quite a bit – as the wholesale price of gasoline tumbles. The size of the drop will depend on how long commodities prices remain low.
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Companies hiring: Jobs surge in private sector
April's surprisingly strong jobs report shows companies hiring at the fastest pace in five years. Can the momentum continue?
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US gains 244,000 new jobs in April. How strong is the economy?
The number of new jobs outpaced expectations and was higher than in the previous month. But the unemployment rate edged up to 9 percent from 8.8 percent in March.
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Goodluck Jonathan: Nigeria's president-elect facing violent post-election protests
Goodluck Jonathan was certified Tuesday as the winner in Nigeria's presidential election last weekend. There were deadly protests between Christians and Muslims in northern Nigeria, following Goodluck Jonathan's victory.
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US incomes rise, but disposable income drops. Blame oil prices.
A new report from the Department of Commerce shows average US incomes rising, but with rapidly-climbing fuel and food prices, 'real' disposable income is down.
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Japan nuclear crisis rocks Dow; uncertainty clouds stocks' future
After plunging at the opening Tuesday, the Dow Industrial Average regains some ground. But uncertainty over the Japan nuclear crisis could weigh on the economy, and markets, for some time.
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Gas prices jump 6 cents in one day
Gas prices will slow the economy's recovery, but not stop it. If gas prices rise to $4 a gallon, it could be a different story.
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Smoke and mirrors in Obama's budget? Five examples of creative accounting.
President Obama's proposed $3.7 trillion dollar federal government budget works some economic magic, from disappearing programs to mystery funding sources. Here’s a look at five key head-scratchers in the 2012 budget:
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China embraces an old Western tradition ... property taxes
Looking to rein in China's skyrocketing home prices, the government began a pilot program that imposes property taxes on high-end properties.
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What businesses liked in the State of the Union – and what they didn't
President Obama had chilly relations with US businesses until late 2010. The tone has changed, but they’re waiting to see what happens with some of the proposals in the State of the Union address.
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Hu faces critics in Congress, economic pressures back in China
China's President Hu met with US congressional leaders Thursday, amid reports that his country's economy may be overheating, driving up inflation. Is export-dependency the root of the problem?
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In 2011, better economic outlook – for some
Pundits predict healthy growth in 2011 and fewer unemployed. But housing and state budgets may struggle.
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US house prices fall in October, set to tumble further still
A study of 20 US cities shows that house prices fell in all 20 in October. Atlanta was hit the hardest. Overall, house prices fell by 1.3 percent in the month.
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