UK economy could face 'groundhog' year as morale stays low

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Policymakers have little idea how to boost growth, warns Institute for Public Policy Research thinktank. The UK economy could suffer a "groundhog year" in 2013, a left-of-centre thinktank has warned, with little or no growth amounting to a rerun of last year's economic performance, when GDP is thought to have fallen 0.1%. Other economists have predicted Britain will tumble into an unprecedented triple-dip recession and has a strong chance of being stripped of its prized AAA credit rating. The Institute for Public Policy Research (IPPR) said consumer and business morale had been dampened by ... (Read the full story)

China Dec Manufacturing PMI 50.6; economists est. 51.0

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BREAKING (Read the full story)

Language gurus add ‘fiscal cliff’ to annual ‘List of Words to be Banished from the Queen’s English for Misuse, Overuse and Gen

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Language gurus at a Michigan college doubled down on the fiscal cliff Monday in their year-end bucket list of trending words and phrases that ought to be kicked down the road in 2013. Lake Superior State University’s 38th annual “List of Words to be Banished from the Queen’s English for Misuse, Overuse and General Uselessness” is drawn from tens of thousands of nominations from the United States and beyond. Topping this year’s list is fiscal cliff, the buzzword for the spending cuts and tax increases that will kick in if President Barack Obama and Congressional leaders fail to overcome Washington’s ... (Read the full story)

House Planning No Budget Vote Means Tax Increases Start

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The U.S. House of Representatives doesn’t plan any votes on the federal budget tonight, meaning that Congress for now will fail to avert $600 billion in tax increases and spending cuts set to start at midnight. Taxpayers and investors won’t see immediate effects of the changes, which would accumulate over a matter of months. Congress could reverse them by acting retroactively early in 2013. There are signs it may do that. Earlier today, Senate Minority Leader Mitch McConnell said lawmakers were “very, very close” to a deal to avert the budget changes, known as the fiscal cliff. The Kentucky ... (Read the full story)

A fresh face for the new year

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We’ve completed the rollout of Forex Factory’s new front-end. It’s a lot more than a facelift! The new front-end utilizes the latest web technologies to load the site faster and make it more consistent across browsers and devices. While the functionality of the site remains mostly unchanged, the design introduces a new “sticky” navigation that consistently keeps all FF products just one click away. The navigation also employs a wider layout to tap into muscle-memory, thereby reducing the amount of effort needed to get around the site. Forget how the site used to look? Here’s a screen capture right ... (Read the full story)