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Citigroup has had numerous issues and has earned a reputation for ethical problems before and after the financial crisis

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New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in Q1. #Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. The Federal Reserve last week described business investment as appearing to have 'firmed somewhat.'

The Commerce Department said that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dipped 0.1% last month after rising 0.1% in January. That suggested a slowdown in business spending in Q2. Shipments of these so-called core capital goods jumped 1% after declining 0.3% in January. Core capital goods shipments are used to calculate equipment spending in the government's #GDP measurement. Last month's jump reflected increases in orders at the end of 2016.


#WorldEconomy #UnitedStates #USEconomy #EconomicOutlook #Economy #EconomicData
U.S. business spending picking up, but may slow in second quarter
http://www.reuters.com/article/us-usa-economy-idUSKBN16V1JS

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A recent study by CAF–Development Bank of Latin America found that far too few working-age Latin Americans (comprising 67% of the overall population) possess the skills that the labor market requires; and only a small fraction of the self-employed have the skills needed to become successful entrepreneurs. Like most workers, those managing their own businesses are more likely to remain in the informal economy, where they have little chance of creating highly productive firms that can grow quickly.

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This paper sheds light on the relationship between foreign exchange rate fluctuations and firms’ export market dynamics using a firm-level production data from China National Bureau of Statistics and a firm-level trade data from China Customs over the period of 2000-2006.


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The United States economy is poised to enter a period of sustained higher economic growth on the back of President Donald Trump's supply side economic reforms, according to Professor John Taylor and Professor Glenn Hubbard, who are both aligned to the Republican Party. Professor Hubbard said the US could boost growth by 0.5% from supply side reforms while Professor Taylor said it was possible the US could lift its productivity growth from 0.5% to 3%. The US economic output is US$18tn which means a half a percentage point lift in growth would add US$90bn to gross domestic product. The US economy grew by 1.9% in 2016 and is forecast by market economists to grow by 2.3% this year.


#WorldEconomy #UnitedStates #USEconomy #EconomicOutlook #Economy #EconomicPolicy #EconomicGrowth
Leading US economists John Taylor and Glenn Hubbard bullish on economic growth
http://www.afr.com/brand/chanticleer/leading-us-economists-john-taylor-and-glenn-hubbard-bullish-on-economic-growth-20170327-gv7gqg

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Many measures of inequality collect consumption data on the household level, ignoring inequalities within the household. This can lead to an underestimation of inequality. Sylvie Lambert (Paris School of Economics), with co-authors, conducted a careful survey of a representative sample of 1728 households in Senegal. Senagalese households tend to be large, on average 8 members. Due to the prevalence of polygamy and married children sometimes staying in the household, households often consist of several sub-units. It turns out that between these households there is quite a degree of heterogeneity in consumption.

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The tipping point.

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When new workers come, new businesses often start to take advantage of the sudden abundance. In the U.S., it’s often the immigrants themselves who start those new businesses. If the business expansion rate keeps pace with the immigration rate, native-born wages don’t need to fall.

If newcomers are innovative types, wages for the native-born could even rise. This is because innovation workers like engineers and researchers tend to complement each other. Ideas flow between them, leading to synergies that make all innovation workers more valuable. This is why technology clusters are such powerful drivers of the innovation economy. Also, high-skilled immigrants raise the wages of low-skilled native-born workers, since they raise the demand for the goods and services provided by the working class.


#WorldEconomy #UnitedStates #EconomicOutlook #Economy #EconomicPolicy #EconomicGrowth
Immigrants Are Making the #USEconomy Stronger
https://www.bloomberg.com/view/articles/2017-03-24/immigrants-are-making-the-u-s-economy-stronger

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With the announcement of a major commercial service with backing from Canada’s “Big 5” banks and a new research institute driven by the Tapscotts, complete with government funding, it’s fair to say that blockchain is having its moment in emerging to the mainstream.

Canada’s major banks are collaborating on a new shared service for the first time in 33 years and Greg Wolfond, founder and CEO of SecureKey Technologies has put himself right in the middle of it.

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The Centre for the Study of African Economies (CSAE) -- round up of latest research on Africa
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