The terraced rows of tea plants climbing the hills above the Black Sea used to glint like money. Lately, they look like another casualty of Turkey’s long, grinding economic crisis. Lipton, the multinational giant, recently scrapped production at one of…
Work Begins on Gordie Howe International Bridge
The work on the longest cable-stayed bridge in North America has officially commenced. The beautiful Gordie Howe International Bridge will link Detroit in the United States to Windsor in Canada. Projected to be completed in 2024, the construction will commence…
Tracking The Roots Of The U.S.-China Trade War
The trade war between the U.S. and China has become one of the major stories of the Administration of President Trump with many financial experts worrying the battle over tariffs could damage the global economy. Relations between the Obama Administration…
Bank Reports no Recession Next Year for Construction Equipment
The outlook for next year is anything but gloomy for the construction equipment industry. This comes from a popular Equipment Finance Optimism Quotient for 2019.A major banking Senior Economist made a confident statement that the next 2 years showed promising…
The Economy’s Biggest Issue is the FED!
Amid all the hype and excitement one feels when they see headlines like: Bullish U.S. Stock Buyers Are Positioning for a Giant Windfall • Equity options strategy could deliver a 13-fold return… • …If the S&P 500 gains another 11% by…
Baby Boomers Respond to the Sharing Economy
21st Century Retirement A far cry from the previous nursing home model, today’s Baby Boomers are taking a page from their grandchildren’s playbook. With the rising cost of living and long term care insurance, these senior citizens are also learning…
Is the Sharing Economy changing Online Sales?
Before your eyes, you can see the evolution of e-commerce. Rather than just using digital transactions to process economic transactions, people now access transportation, accommodations, fast food, and other shopping in new ways. Rather than buying and retaining ownership of…
Trump’s Tariffs Set to Impact Global Economy More Than China
President Donald Trump claims China is paying his tariffs; furniture salesman Mack Yuan in the east-coast commercial heartland of Zhejiang begs to differ. “We don’t pay any tariffs,” says Yuan, whose company Dakang Holdings Co. sells about half its products to the U.S.,…
China’s Infrastructure Splurge Rushing on by Road, Rail and Air
The new Beijing airport terminal was designed by a British firm headed by Mouzhan Majidi. The terminal is the largest in the world, having been built by over 50,000 workers. It is about 1.8 miles long with a floor space…