US heading for recession after 2 years of unsustainable growth, economist says

US heading for recession after 2 years of unsustainable growth, economist says #Bitcoin

  • The U.S. is headed for a recession in the next two years as excessive fiscal stimulus from the President Donald Trump administration takes the economy into unsustainable territory, Adam Posen, president of the Peterson Institute for International Economics, told CNBC Tuesday.
  • Posen, who served at the Federal Reserve Bank of New York in the mid-90s, said that GDP (gross domestic product) growth targets of 3 percent or more are unobtainable given current productivity and employment rates in the U.S. Add to that intended tax cuts and financial deregulation under Trump and the country will find itself trapped in a boom-bust cycle, Posen said.
  • “The work force is only growing at 0.5 percent and productivity’s at 1 percent so it can’t reach these 3-4 percent growth targets.
  • If unemployment is, unfortunately, about as low as it’s going to go, you can’t pick this up,” he told CNBC Tuesday.

The U.S. is headed for a recession in the next two years as excessive fiscal stimulus takes the economy into unsustainable territory, says economist.
Continue reading “US heading for recession after 2 years of unsustainable growth, economist says”

Credit-card issuer Synchrony Financial joins blockchain group

Credit-card issuer Synchrony Financial joins #blockchain group   #ResidualBitcoin

  • NAIROBI (Reuters) – 26 Asian sailors freed after more than four years of captivity in a small fishing village in Somalia arrived in the Kenyan capital Nairobi on Sunday, ahead of flights home, a maritime expert said.
  • Asian sailors freed by Somali pirates arrive in Kenya for flights home
  • Junko Tabei, 1st woman to climb Everest, dies at 77
  • The party’s policy-setting federal committee is likely to lift a veto that has prevented the conservative Popular Party (PP) forming a minority government.
  • According to Android Headlines, a Canadian man says his Galaxy S7 Edge caught fire while he was driving home from work.

(Reuters) – Synchrony Financial said on Monday its has joined R3, a group of companies working on blockchain technology, making it the first credit-card issuer to join the consortium. Blockchain is a web-based transaction-processing and settlement system whose efficiency banks say could slash costs.
Continue reading “Credit-card issuer Synchrony Financial joins blockchain group”

Credit-card issuer Synchrony Financial joins blockchain group

Credit-card issuer Synchrony Financial joins #blockchain group   #ResidualBitcoin

  • NAIROBI (Reuters) – 26 Asian sailors freed after more than four years of captivity in a small fishing village in Somalia arrived in the Kenyan capital Nairobi on Sunday, ahead of flights home, a maritime expert said.
  • Asian sailors freed by Somali pirates arrive in Kenya for flights home
  • Junko Tabei, 1st woman to climb Everest, dies at 77
  • The party’s policy-setting federal committee is likely to lift a veto that has prevented the conservative Popular Party (PP) forming a minority government.
  • According to Android Headlines, a Canadian man says his Galaxy S7 Edge caught fire while he was driving home from work.

(Reuters) – Synchrony Financial said on Monday its has joined R3, a group of companies working on blockchain technology, making it the first credit-card issuer to join the consortium. Blockchain is a web-based transaction-processing and settlement system whose efficiency banks say could slash costs.
Continue reading “Credit-card issuer Synchrony Financial joins blockchain group”

Credit-card issuer Synchrony Financial joins blockchain group

Credit-card issuer Synchrony Financial joins #blockchain group   #ResidualBitcoin

  • NAIROBI (Reuters) – 26 Asian sailors freed after more than four years of captivity in a small fishing village in Somalia arrived in the Kenyan capital Nairobi on Sunday, ahead of flights home, a maritime expert said.
  • Asian sailors freed by Somali pirates arrive in Kenya for flights home
  • Junko Tabei, 1st woman to climb Everest, dies at 77
  • The party’s policy-setting federal committee is likely to lift a veto that has prevented the conservative Popular Party (PP) forming a minority government.
  • According to Android Headlines, a Canadian man says his Galaxy S7 Edge caught fire while he was driving home from work.

(Reuters) – Synchrony Financial said on Monday its has joined R3, a group of companies working on blockchain technology, making it the first credit-card issuer to join the consortium. Blockchain is a web-based transaction-processing and settlement system whose efficiency banks say could slash costs.
Continue reading “Credit-card issuer Synchrony Financial joins blockchain group”

Credit-card issuer Synchrony Financial joins blockchain group

Credit-card issuer Synchrony Financial joins #blockchain group   #ResidualBitcoin

  • NAIROBI (Reuters) – 26 Asian sailors freed after more than four years of captivity in a small fishing village in Somalia arrived in the Kenyan capital Nairobi on Sunday, ahead of flights home, a maritime expert said.
  • Asian sailors freed by Somali pirates arrive in Kenya for flights home
  • Junko Tabei, 1st woman to climb Everest, dies at 77
  • The party’s policy-setting federal committee is likely to lift a veto that has prevented the conservative Popular Party (PP) forming a minority government.
  • According to Android Headlines, a Canadian man says his Galaxy S7 Edge caught fire while he was driving home from work.

(Reuters) – Synchrony Financial said on Monday its has joined R3, a group of companies working on blockchain technology, making it the first credit-card issuer to join the consortium. Blockchain is a web-based transaction-processing and settlement system whose efficiency banks say could slash costs.
Continue reading “Credit-card issuer Synchrony Financial joins blockchain group”