Prior to prohibition there were a large number of craft breweries in the U.S., during prohibition they all of course were forced to close. In the years following the repeal of prohibition Americans acquired a taste for questionable quality macro-breweries (Bud, Pabst, Coors, etc). About a decade or two ago the craft beer movement in the U.S. […]
Archive:
2011
Investors are begining to flock away from low yielding money market funds as the U.S. debt ceiling impasse lingers on, reducing short-term liquidity. Over the past two weeks investors have pulled out more than $62 billion from such funds echoing moves leading up to Lehman’s collapse where investors withdrew nearly $200 billion. The loss of […]
While it’s often said no publicity is bad publicity Greece is a clear exception to the rule. Mentions of Greece in stories on the terminal are approaching its May 2010 high; corresponding with the period Greece first accepted an EU sponsored bailout. Greece’s more frequent mentions has come at a cost for the country and […]
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Social unrest in Tunisia has shone a spotlight on the country’s high inflation and unemployment, characteristics shared by many of its neighbors. The misery index developed by economist Arthur Okun traditionally adds a country’s inflation rate and unemployment to measure quality of life. Bloomberg Brief modified this for the map below, adding in the Democracy […]