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Daily Economic News – from Citizens Bank – Jan 14th 2016 Bank of England leaves policy as is with an 8-1 vote again, Aussie employment report not as weak as expected, US initial claims shift higher, Canada new housing price index. remains steady

In Research by Michael Rae

The Bank of England has voted to keep its key interest rate at a record low of 0.5 percent as weak inflation has kept the pressure off policymakers to start raising borrowing costs.With a vote, once again, of 8-1 policymakers decided to keep rates steady at their January policy meeting, particularly since inflation remains at 0.1 percent, well below the Bank’s official 2 percent target.Britain’s growth is among the strongest of developed countries but since crude prices have fallen to near $30 a barrel, this would suggest that there will be very little inflation in …

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Top 50 US Think Tanks Ranked Who gives the biggest Bang For The Buck?

In Research by Michael Rae

In this Forbes article, Alex Chafuen analyzes a new ranking of 50 leading US based think tanks. The measurement and ranking was produced by TheBestSchools.org a web portal focusing on on-line college and university courses. The authors relied on a new software which ranks digital marketing efforts. The analysis has its weaknesses but fourteen market-oriented think tanks appear on the top, led by Heritage Foundation, and followed by Cato. On bang for the buck, Mises Institute came out first.  [wpv-post-body view_template=”credentials-in-articles”] The Most Influential Think Tanks In The United States: A New Social Media Ranking

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Solar Energy Costs and Impacts

In Research by Michael Rae

[wpv-post-body view_template=”credentials-in-articles”] In articles and columns touting the virtues of solar energy, a chorus of reporters and pundits are claiming that solar panels produce electricity for about the same cost as fossil fuels. These individuals are also declaring that because of this, solar energy will soon provide a major portion of the world’s electricity. However, official government data from the U.S., Germany, and the International Energy Agency show that solar energy is far more costly than fossil fuels. Furthermore, even if governments continue to mandate and subsidize solar while penalizing competing technologies, solar is on …