In December, 2012 China opened the high-speed rail line between Beijing and Guangzhou. The distance of 2,298 Kms between these cities will be covered by high-speed trains at less than 10 hours going at over 300 Km/hr. The trains effectively cut the travel time in half between these major Chinese cities. With the addition of this line, the …
Continue reading ‘A Review of Top High-Speed Rail Countries’ »
In his State of the Union address last month, President Obama proposed raising the Federal minimum wage from the current $7.25 to $9.00 per hour. 19 States already have minimum wages of over $7.25/hr and the state of Washington has a minimum wage of over $9.00/hr. As expected this topic is being hotly debated by economists and media pundits. …
Continue reading ‘Will Raising The Minimum Wage Increase U.S. Unemployment?’ »
One of the mysteries in the modern day world is the price of crude oil. Nobody really knows why the price of oil varies on a daily basis and why prices continue to go up. So it is not surprising that even the U.S. government’s Energy Information Administration states the following on its website: “The world …
Continue reading ‘A Short Review Of The Major Players Supplying The World Oil Market’ »
The global financial crisis exposed the big flaw in debt-led growth in most developed countries. The U.S. became the poster child for the world see the harmful effects of how unsustainable debt levels held by individuals, companies and governments alike. Even after the credit crisis debt levels remain still high in many countries. For example, …
Continue reading ‘Gross Debt Levels in Select Countries 2012’ »
The Dow Jones Industrial Average closed at a record 14,329.49 yesterday. The S&P 500 closed at 1,544.26. With the Dow breaking past the previous record high some investors are wondering if this bull run is sustainable and how high the markets will go. The media is filled with stories of all types of forecasters and pundits predicting the …