Joseph Stiglitz, Nobel prize winner in 2001, thinks that neoliberalism is coming to an end, or better, is dead. And, after having explained to the Financial Times the proposal to divide the eurozone ousting Germany and Greece, the economist explained to Business Insider as the time of liberalism is just about up. This recipe, for so long defined as the best way to stimulate economic growth, enjoyed its golden age in the United States with former Presidents Ronald Reagan and Bill Clinton, and, in the UK, with former British Prime Minister Margaret Thatcher.
Harley-Davidson, the famous motorcycle manufacturer, has signed a plea agreement in the US for a total of $ 15 million to file allegations that the manufacturer of American motorcycles has violated the laws that impose a limit pollution from emissions. According to the Justice Department and the Agency for Environmental Protection (EPA), the group has produced and sold about 340,000 illegal devices called "super tuner" that, once installed, they have allowed motorcycles emit more emissions than those certified. Also, is the thesis of the US government, Harley-Davidson has sold more than 12,000 motorcycles without a EPA certification with which it is ensured that a vehicle meets the required standards.
Uber enters the unmanned car's potential market. The private taxi service operated via app opens in the USA, in Pittsburgh, the first fleet of black cars to autonomous driving. For the marked car sharing, it will be a novelty, because so far had been groups such as Google, Apple, Fiat and Ford have attempted to innovate. It does with Volvo, although the agreement is not exclusive, and at least in this first phase a "human" controller will oversee the journey sitting in the driving seat.
The British return to shopping, driving out the concerns for Brexit. In July, retail sales in the UK in terms of volume, that is based on the amount of goods purchased, they showed a sharp rise of 1.4% on-month from -0.9% the previous month. The figure was better than expected by analysts who had expected a much more modest increase of 0.2%. According to the Office for National Statistics, retail sales on year showed an increase of 5.9% compared to + 4.3% unrevised from the previous month. Also in this case the data is higher than the consensus of + 4.2%.
US November elections are a risk to the global economy. To say it is Moody's in a report entitled "Global Macro Outlook 2016-17 - Emerging market outlook stabilizes, while political risks take center stage". "A shift in US policy which would contribute to weakening the current architecture of global trade and security could have a detrimental impact on global confidence and growth, and we would push to revise our estimates. Despite a global framework for growth to be stabilizing, there are a number of risks to the global economic outlook and the most immediate is associated with the American elections ".
Natural disasters and those caused by man have recorded 6,000 deaths worldwide and caused damage amounting to 71 billion dollars in the first half 2016: 36% more than the previous year. These are the results of the Sigma study released today by the Swiss insurance group Swiss Re. Only natural disasters have caused damage to 68 billion dollars, an increase of 48% compared to 2015. The figure is still well below the average of the last 10 years, which amounted to $ 102 billion while the number of deaths falling.
In Switzerland, one in four people between those entitled to social support, resigns. This was revealed by a study of the High Bernese specialized school reported in the Rsi. The phenomenon, which also affects the Ticino, does not necessarily translate into savings for cantonal cashes.
The Kiwi surged mid-Tuesday against the US Dollar, as the currency exchanged rate traded at 0.7295 by 11:15 GMT, compared the opening rate of 0.7212. The rate is most likely to continue to surge at least 40 pips in the near future, as it faces only the upper Bollinger band at 0.7312 until it would reach the 0.7337 level, where the weekly R1 is located at. In addition, the surge was and still is supported by the daily and weekly aggregate technical indicators. Moreover, the pair is still in an ascending channel pattern, as it rebounded against the lower trend line on July 25 at 0.6997.
Pokemon Go is certainly the game of summer 2016 and the overall success has attracted the attention of social media experts to evaluate their effects, whereas so far as many as 100 million people in the world to have the download completes. The Canadian magazine Global News has therefore commissioned Ipsos survey to understand the level of Pokemon Go pervasiveness leisure of his countrymen: the Nintendo app is competing directly with other pastimes such as Netflix or Facebook.
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