Newscom The world’s second-largest reinsurer, Swiss Re, reports “that natural catastrophes and man-made disasters cost the insurance industry $ 77 billion in 2012.” The report noted this figure covered “more than 300 catastrophes and disasters caus[ing] the loss of 14,000 lives and $ 186 billion.” These disasters included many of the 112 events for which… Read more »
This is a terrible, horrible, no-good, very bad jobs report. The 88,000 net jobs added in March, if that or a similar figure holds up through revisions, is a tragedy: Nearly four years into the economic recovery, with the unemployment rate still close to 8 percent, the nation recorded a month in which too few… Read more »
Destroying the economy brick by brick– What a disaster– Youth unemployment rate in March was 11.7%. If labor force participation rate were factored into the 18-29 youth unemployment calculation, the actual unemployment rate would rise to 16.2 percent. Generation Opportunity reported: Generation Opportunity, a national, non-partisan organization advocating for Millennials ages 18-29, is announcing its Millennial Jobs… Read more »
In this image taken Saturday, March 16, 2013, people queue to use an ATM machine outside of Bank of Cyprus branch in southern port city of Limassol, Saturday, March 16, 2013. Many rushed to cooperative banks which are open Saturdays in Cyprus after learning that the terms of a bailout deal that the cash-strapped country… Read more »