The coal industry in the US has been on a decline for many years. With hundreds of miners closures thousands of mining jobs have disappeared. Just a few years ago some of the coal mining firms filed for bankruptcy as the demand for coal plunged. President-elect Donald Trump has promised to revive the coal industry …
A recent article in the NYTimes noted that traffic fatalities in the US reached the highest in 50 years as more drivers are distracted with smartphone apps. From the article: The messaging app Snapchat allows motorists to post photos that record the speed of the vehicle. The navigation app Waze rewards drivers with points when …
Interest rates are projected to rise sometime later this year or next year. This has many income investors worried as rising interest rates is not good for income stocks such as utilities. However Richard Turnill, BlackRock Global Chief Investment Strategist at Blackrock noted in a blog post that dividend-paying stocks are still preferred to own in a …
Continue reading ‘Blackrock: Why Hold Dividend-Paying Stocks Even When Interest Rates Rise’ »
The exponential rise of globalization in the past few decades has created winners and losers. Some of the losers are workers in the developed countries.Winners include corporations, capitalists, farmers, etc, in these countries. In addition, one of the biggest beneficiaries of globalization is the millions of workers in developing countries. As the middle-class workers in the rich …
Continue reading ‘Globalization: Impact on Global Exports and Ecnomic Growth’ »
The US National Park Service (NPS) celebrated its 100th year anniversary on August 25, 2016. The creation of the great park system has been called called “the best idea we ever had.” by the famous writer and environmentalist Wallace Stegner. Below is a neat infographics on the parks from the WSJ: Click to enlarge Source: How Economical …