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Services Sector Survey Surge Sparks US Growth Rebound Hopes In August
Services Sector Survey Surge Sparks US Growth Rebound Hopes In August
After a relatively ugly series of disappointing macro data - and a hectic week of interventions - preliminary August data from S&P Global's PMI survey was expected to signal a slowdown in growth for the US economy (but still growth).
But, the respondents had other things on their mind as while Manufacturing slipped, the Services sector of the economy soared
Flash US Services PMI Business Activity Index: 56.8 (July: 54.6). 20-month high.
Flash US Manufacturing PMI: 53.2 (July: 53.9). 5-month low.
“US business...
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Jun 14, 2026 / Tyler Durden
Waste Of The Day: Disaster In Small NM Village
Waste Of The Day: Disaster In Small NM Village
Authored by Jeremy Portnoy via RealClearWire,
Topline: The Village of Cuba, New Mexico, has had "a sustained and indefensible breakdown in accountability over public funds" since at least 2020, according to a state audit released in May. The report identified dozens of issues, including a public official with $11,471 in unpaid water bills and another who used public funds to buy a Subaru Crosstrek without approval.
Key facts: Auditors found the village never implemented proper processes to monitor its payroll, bank accounts, credit...
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Mar 21, 2026 / Ali Hashemifara
The Interesting Lies of Samuelson: How We Naively Believed the Case of Giffen Goods
If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.
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Jul 16, 2026 / Tyler Durden
Watchdog Uncovers Over $750 Million In Improper Unemployment Insurance Payments In New York
Watchdog Uncovers Over $750 Million In Improper Unemployment Insurance Payments In New York
Authored by Naveen Athrappully via The Epoch Times,
The Department of Labor and its Office of Inspector General (OIG) have deployed a joint federal strike team to New York to address "rampant" unemployment insurance fraud plaguing the state.
People queue in line at the James Weldon Johnson Community Center where they are holding a job fair in Harlem, New York, on Aug. 15, 2012. Benjamin Chasteen/The Epoch Times
"New York ranks among the worst states for unemployment insurance (UI) fraud...
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