The outlook for US government debt

THE bond market used to be the prime exhibit for those predicting low long-term economic growth. In the summer of 2016 the ten-year Treasury yield briefly dipped below 1.5%, as expectations for growth and inflation sagged. Things have changed. Earlier this year the ten-year yield briefly went higher than 2.9%. Even after recent share-price gyrations, […]

$1 TRILLION DEFICITS FOR YEARS: Westpac explains why the US budget outlook is troubling

The US government is spending more than earns, a trend that looks set to continue. The Congressional Budget Office (CBO) sees US public sector debt-to-GDP rising to 96% within 10 years, up from 77% at present. Westpac Bank describes this as a “troubling fiscal outlook”. The US government is spending more than it earns, a […]

Pound to Euro exchange rate: Sterling retains its rise following positive Brexit outlook

The pound is currently trading against the euro at £1.1355 having managed to maintain its recent gain over the weekend. Last week saw the pound managed to secure its position against the euro during tension between Russian leaders and the UK over the chemical weapon attack in Salisbury.  The Spring debt announcements made last week, […]

Microsoft is testing Cortana in Outlook on iOS and Android

This is Cortana. (credit: Cortana) Cortana is coming to the Outlook email and calendar app for iOS and Android, according to The Verge. The publication cites sources “familiar with Microsoft’s Outlook plans.” Microsoft is reportedly testing a feature internally that would allow users to verbally ask the virtual assistant Cortana to read their emails to […]

Unruly Antarctica could change sea-level outlook without much warning

Enlarge / The flow of glaciers into the sea has accelerated in this vulnerable area of the West Antarctic Ice Sheet along the Amundsen Sea. (credit: NASA Earth Observatory) Sea-level rise is one of the more challenging effects of climate change to project. It’s not that the direction of the change is unclear—sea level will […]

ProtonMail expands encrypted email service to desktop clients including Outlook, Thunderbird, and Apple Mail

Encrypted email service ProtonMail has come a long way since its global launch 18 months ago, having expanding into VPNs, started targeting small businesses, grown into multiple languages, and — most recently — launched an encrypted contacts manager. Now, the Swiss company is making its core service available in desktop email clients that support IMAP and SMTP, including Microsoft Outlook, […]

Hurricanes Irma and Harvey cause Goldman Sachs to slash its outlook for the US economy

Goldman Sachs has cut its third-quarter GDP forecast following a pair of catastrophic hurricanes. The firm now sees GDP expanding by 2% during the period, down 0.8 percentage points from its previous forecast. Goldman currently estimates that Hurricane Irma will result in $ 30 billion in total losses, adding to the $ 85 billion of […]