The Economist on “Gold Craze” in India


The Economist summed up the reason behind the gold craze of an Indian individual saying: “At the individual level, then, the gold craze makes sense. But in aggregate it is a disaster for India. Imports of bullion impose a massive strain on its balance of payments—amounting to $54 billion in the year to March 2013.”Continue reading “The Economist on “Gold Craze” in India”

Working moms are breadwinners for 40% US households: Pew Research Center report


American working mothers have earned a new distinction of being the primary breadwinners in a record 40 percent of households with children. The milestone is said to be changing the face of modern families in America where earlier the numbers just used to be about 11 percent in 1960. The report was released by PewContinue reading “Working moms are breadwinners for 40% US households: Pew Research Center report”

US Unemployment rate fell in March but Jobs creation figures dismal


The unemployment rate in US fell to 7.6 percent in the month of March. However just 88,000 jobs were added. This is causing concern as experts are of the view that the economy is beginning to cool after witnessing some strong months in the past. Although, the Friday’s jobs report is due, economists are expectingContinue reading “US Unemployment rate fell in March but Jobs creation figures dismal”