Americans love to shop. Our willingness to plunk down cash and credit for goods and services accounts for 56 percent of U.S. gross domestic product, according to Tobias Levovich, a strategist at Citigroup.
Ethiopia’s economic expansion may continue through next year before “tapering off” from 2015-16 because of funding gaps for public projects and foreign exchange shortages, the International Monetary Fund said.
Ethiopia’s plan to build Africa’s biggest hydropower dam on the main tributary of the Nile River must address concerns that there may be flaws in the design of its foundations, a group of international experts said.
Justin Rosenblatt plans to fork over $2,000 this month for a Roberto Coin stackable ring, Sonya Renee monogram necklaces and Wendy Mink hoop earrings for his wife and friends. That’s twice what he spent on sparkle last year.