Virgin Galactic reaching the edge of space, Apple to build adding thousands of American jobs, baby boomers aging alone, and Google’s top U.S. trending search queries.
Here are the top newsworthy items from this past week as shared on our Facebook page.
A fact that many people do not know is that the US has not exported crude oil since 1975, when Congress banned the act. The reason back then was that domestic reserves where becoming depleted due to the 1973 Arab embargo. But that was over 40 years ago. So why is the ban still in effect?
The media, government officials, economists, and nearly anyone else with mainstream attention talks about the unemployment level. They freely use it as a gauge of how well the economy is doing. The unemployment level has essentially become the official thermometer with which to judge the health of our economy.
But is it really enough? Can one figure, one form of measurement, truly be all that is necessary to gain a comprehensive idea of the state of our economy?
The Chinese middle class is growing and, with it, so are the costs of labor. Only a few short decades ago, the world turned to China (as well as some other Asian countries) to produce manufactured goods for low costs. Now China is looking to do the same. China’s target: Africa.