Economy News


Mar 4, 2014

Forbes 400 Richest People: Bill Gates Tops 2014 World Billionaires List

Forbes 400 richest people
By in Amazing, Business, Economy, Finance, World No comments

Forbes 400: 2014 richest people Credit: Forbes Forbes 400 richest people in the world was released on Monday, February 3, 2014. Bill Gates reportedly regained the top rank in the Forbes 400 list of billionaires and world’s richest people. The Microsoft Chairman reportedly has a net worth of $76 billion to top the 2014 Forbes […]

Mar 19, 2013

$22 minimum wage in the US likely possible, Senator Elizabeth Warren suggests (Video)

$22 minimum wage in the US likely possible, Senator Elizabeth Warren suggests (Video)
By in Economy, Finance, International, Politics, United States No comments

A $22 minimum wage today in the US is likely possible. This is what Massachusetts Senator Elizabeth Warren suggested last week, as shown in the video below. The Democratic lawmaker noted that Americans should receive a minimum of $22 per hour salary, if productivity of workers has increased during the past decades. Sen Elizabeth Warren, […]

Jan 30, 2013

Zimbabwe Has Just $217 Left In The Bank, Finance Minister Revealed

Zimbabwe map
By in Africa, Economy, Finance, World No comments

Zimbabwe has just $217 in the bank, the country’s finance minister revealed in a press conference on Tuesday, January 29, 2013. Yes, that’s not a typo. We did not miss any trailing zeros. Zimbabwe Credit: Google Maps According to reports, Zimbabwe‘s Finance Minister Tendai Biti said that after paying civil servants, his country has only […]

Jan 6, 2013

Bluefin Tuna record price: Fish Sells for $1.8 million at 2013 Tokyo Auction

Bluefin tuna record price
By in Amazing, Asia, Business, Economy, Food, Lifestyle, World No comments

Bluefin tuna recorded a new world auction price at the start of 2013. The new world record value of bluefin tuna was registered to be almost three times its previous high at a Tokyo auction on Saturday, January 5, 2013. Kiyoshi Kimura: President of Kiyomura Co., poses with a bluefin tuna Image Credit: AP Photo/Shuji […]

Jan 5, 2013

Trillion-dollar coin creation campaign launched to avoid US debt ceiling, White House petition says

Trillion-dollar coin creation campaign launched to avoid US debt ceiling, White House petition says
By in Economy, Finance, United States No comments

A US trillion-dollar coin creation is now the subject of a new White House petition, and is being believed to solve the US debt ceiling, which is now under debate among the politicians and President Barack Obama. The hashtag #mintthecoin was spread on Twitter, calling the US Treasury to mint a $1-trillion platinum coin. “With […]

Oct 14, 2012

US mail stamp prices to go higher starting January 2013

US stamps
By in Economy, Lifestyle, United States No comments

Updated: January 6, 2013 2:25 a.m. Read US Postal Service rescue from new Congress needed, losing $25 million everyday, Postmaster General says The US Postal Service (USPS) announced on Thursday, October 11, 2012 that stamp prices will go higher again starting January 2013, more than two weeks after the agency announced that it will default […]

Oct 9, 2012

Richest U.S. city today is Washington, D.C., 24/7 Wall St. releases Top 10 America’s richest cities list

Washington DC
By in Economy, Finance, United States No comments

Washington, D.C. is currently the richest U.S. city, and led the 24/7 Wall St.‘s Top 10 list of America’s richest cities, which was based on the U.S. Census Bureau‘s 2011 American Community Survey. The nation’s capital is reportedly filled with tens of thousands of highly-skilled professionals in various fields. Washington, D.C. area Image Credit: Nicholas […]

Sep 26, 2012

Poorest State in the US is Mississippi, Maryland is Richest in the 2011 List of US States

Mississippi State Seal
By in Economy, United States, World No comments

The poorest state in the US is Mississippi, while Maryland is the richest state, according to the 2011 data of the US Census Bureau. Mississippi State Seal Image Credit: Reports say that the 2011 Census list indicates that Mississippi has a median income of only $36,919. Meanwhile, Maryland‘s median income of $70,004 is almost […]

Aug 14, 2012

Women-Only City To Be Built In Saudi Arabia, Construction To Start Next Year

Saudi Women
By in Business, Economy, Lifestyle, Middle East, Travel, World No comments

Saudi Arabia is planning to build a women-only city, a city exclusively for women, international news sites reported on Saturday, August 11, 2012. Saudi Women Image Credit: The Infrastructurist According to a report from the Daily Mail, the city is now being designed, with construction to start next year. It is hoped to allow women […]

Jun 3, 2012

Coco Juice Exports of the Philippines Increase in 1st Quarter of 2012

Coco juice exports
By in Asia, Business, Economy, World No comments

Coco juice Image Credit: Wikipedia The Philippines coco juice exports in the US have increased by over 400 percent in the first quarter of 2012, according to a report by Philippine Coconut Authority (PCA) administrator Euclides Forbes on Friday, June 1, 2012. The total amount of coco juice exports in the US was estimated to […]