The U.S. economy is slowly reviving, leaving behind with each passing month the worst downturn since the Great Depression. It goes without saying that an expanding economy is better than a contracting one, but the consensus outlook is far from cheery. Instead, it calls for years of muted growth and high unemployment.
Diaper liner, sawdust, golf balls and shredded tires -- these are some of the items used to try and contain the oil and nuclear disasters that marked the end of this century’s first decade and the start of the second.
New technologies, dwindling resources and explosive population growth in the next 18 years will alter the global balance of power and trigger radical economic and political changes at a speed unprecedented in modern history, says a new report by the U.S. intelligence community.
Universa Investments LP, a hedge fund that aims to protect clients against market cataclysms known as black swans, is seeking $1 billion for a new macro fund that will try to capitalize on mispriced options, according to a person familiar with the matter.