Alaska May Provide Solution To Tar Sands Issue

The U.S. Congress is nearing final approval of a bill that would green light the Keystone XL pipeline. But with the President set to veto the legislation when it reaches his desk, the ability of companies in Alberta to get their tar sands oil out of the country looks …

Global growth report card: Eurozone and Japan recovering

This blog presents the first in a regular series of monthly report cards on the state of global economic activity. The real time activity growth rates are derived from the latest Fulcrum “nowcasts”, based on dynamic factor models. These nowcasts, estimated by Juan Antolin Diaz and colleagues, combine a …

British Revised GDP – 1st Quarter

This Friday the British Revised GDP figures are scheduled to be published at 8:30 GMT. This data release is a measure of the alteration in the value of services and goods that are produced by the British economy in each quarter. In most cases an equal or better than forecasted result…

Tell Tale Signs of a Correction

The rough stock market performance in January 2015 increased the bearish sentiment, and while some are warning of a severe 15{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} or more correction, others think we are already headed for a bear market. The very weak close on Friday, January 30 did not help as many bulls were holding their breath …

Gauging the financial crisis end game

It is quite possible that more than one end game will unfold in the months and years to come. For example, we could see a Greek Eurozone exit. Simultaneously, we could have a crisis unfolding across emerging markets, as the strong U.S. dollar begins to do damage to borrowers …

There is no car like the president’s armored limo — aka ‘The Beast’

Designed from the ground up by the Secret Service, Obama’s $1.5 million “Cadillac One,” aka “The Beast,” is a moving fortress impenetrable by bullets and bombs. The president has 12 identical limos in rotation and, when not in use, they’re parked in the basement of the Secret Service’s headquarters …

CVS Health Kicks Smoking Habit And Still Has Record Sales – Forbes

NasdaqCVS Health Kicks Smoking Habit And Still Has Record SalesForbesDrugstore giant CVS Health (CVS) found kicking the habit didn't hurt sales or profits as increased prescription drug sales helped overcome the company's decision to stop selling cigarettes and other tobacco products last year. In the company's first …

Federal Reserve SOMA Holdings of the Long Bond

It is well known that the Federal Reserve in its three rounds of QE (and especially the first two) aggressively bought Treasury Notes and Bonds or collectively the ‘Long Bond’ of 10 Years and longer. But there has been relatively little discussion of what that means for such things as …

‘Bel Canto’ to have world premiere at Lyric Opera on Dec. 7

“Bel Canto,” composed by Jimmy Lopez and adapted from Ann Patchett’s best-selling novel, will be given its world premiere by the Lyric Opera of Chicago on Dec. 7. The opera, with a libretto by Nilo Cruz, stars soprano Danielle De Niese and has a cast that includes William Burden, …

7 masterpieces you can’t see

In major museums around the world, great works of art are hidden away from public view. What are they – and why can’t we see them? Kimberly Bradley finds out.