Ireland’s economy: the bailout is gone, but the economy is far from healthy

December 16, 2013

Ireland on Friday “officially ended its bailout in a landmark for the euro zone’s efforts to resolve its debt crisis,” Reuters writes.

Where Obamacare enrollment stands in each state

December 12, 2013

As enrollment starts to increase, the government has started using manual work-arounds for the various software errors that plague HealthCare.gov. About 365,000 people have signed up for private insurance in the last two months, and 5 million visited the site in the first week of December, according to Reuters.

The good news/tentative bad news on the U.S. economy

December 12, 2013

First, the good news, per Reuters:

The Commerce Department said retail sales increased 0.7 percent last month as Americans bought automobiles and a range of other goods. November’s retail sales increase was the largest in five months and followed a 0.6 percent rise in October.

UPDATED: GM’s new CEO is another small crack in the glass ceiling

December 10, 2013

Today, GM announced its new CEO will be Mary Barra, the company’s current head of global product development. This is big news: Barra is the first woman to head a global auto company. This move, as the below Reuters chart shows, is just one small step in the march toward management equality. Women are still far from reaching parity in upper reaches of big American corporations.

2013: a stock picker’s market

December 10, 2013

The FT’s Tracy Alloway has a chart from Deutsche Bank showing global asset returns so far this year. Equities (the light blue) fill every one of the top 10 slots, lead by the Greek, US, and Japanese indices:

GM’s lagging share price under Akerson

December 10, 2013

General Motors has a new leader. Reuters reports that GM’s current CEO, Daniel Akerson, will step down on January 15 and be replaced by the company’s global product development chief, Mary Barra. Akerson had planned to leave the company, but this moves up his departure by several months, Reuters writes.

Startups’ problem with female board members

December 9, 2013

On Friday, Twitter announced that it was adding Marjorie Scardino to its board of directors. Scardino is the former CEO of Pearson, and The Economist Group, as well as a former Nokia director. She is Twitter’s first female board member.

The US job market in five charts: November’s jobs report

December 6, 2013

Today’s jobs report showed that the US economy added 203,000 jobs in November, and the unemployment rate fell to 7.0% for the first time since  recession. Here’s a chart from the Bureau of Labor Statistics showing the seasonally adjusted unemployment rate going back to 1990 (recessions are shaded).

US third quarter GDP: ‘all hat and no cattle’

December 5, 2013

The US economy grew even faster than initially thought in the third quarter, but possibly not in the most helpful way. The Commerce Department released its revised estimates of third quarter growth today, and said the US economy grew at a 3.6% annual rate, up from its first estimate of 2.8%. Here’s Reuters’s chart:

from Ben Walsh:

The IPO vacation calendar

December 3, 2013

The Chrysler IPO won’t happen this year. There are many not-entirely-straightforward reasons, which Antony Currie details. But there’s also the relatively simple issue of time: there are only three full calendar weeks left in 2013, and the company apparently ran into issues it couldn’t resolve in short order.