It isn't right to say we are out of recession, as these six graphs demonstrate

Dec 06, 2020 10:02 am UTC| Economy

Itd be wrong to say that we are out of recession, although thats how the graph of Wednesdays GDP numbers makes it look. Gross domestic product (the measure of everything produced and earned and spent) fell 7% between...

Public housing needs radical reform: here's how

Dec 06, 2020 10:00 am UTC| Real Estate Economy

Britains housing system is well and truly broken. House-builders sit on land already granted planning permission and drip-feed the market to keep supply low and prices high. Despite the coronavirus crisis, house prices...

Eliminating most homelessness is achievable. It starts with prevention and 'housing first'

Dec 06, 2020 09:53 am UTC| Economy

The stereotype of a homeless person those living in tents or sleeping in parks or doorways is just the visible tip of the much larger crisis of homelessness in Australia. For every one of about 8,000 rough sleepers...

How a flu virus shut down the US economy in 1872 – by infecting horses

Dec 06, 2020 09:51 am UTC| Economy

In 1872 the U.S. economy was growing as the young nation industrialized and expanded westward. Then in the autumn, a sudden shock paralyzed social and economic life. It was an energy crisis of sorts, but not a shortage of...

Digital Currency Revolution

Bitcoin's rebound: 3 reasons this time is (sort of) different

Dec 06, 2020 09:37 am UTC| Investing Economy Digital Currency

Bitcoin is back. Three years after the bubble that inflated its value from US$5,000 to US$20,000 in less than three months burst in spectacular fashion, plunging more than 80%, the cryptocurrency is again on the verge...

South Korea's exports up 4% in November

Dec 03, 2020 00:58 am UTC| Economy

South Korea posted exports worth $45.8 billion in November, increasing by 4 percent on-year while rebounding from a 3.8 percent drop last month. The countrys daily exports in November also rose 6.3 percent on-year,...

S. Korea's carmakers suffer 5% sales dip in November

Dec 02, 2020 22:12 pm UTC| Economy

South Korea five carmakers sold a combined 674,040 vehicles in November, down 5 percent from the 710,466 units a year as the coronavirus outbreak continued to sap global demand. A series of strikes added to the...