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August 17, 2015 MONEY (MSM)

Oil slips closer to six-year low on Japan data, oversupply

Oil prices fell towards six-year lows on Monday on data showing the economy of Japan, the world’s third-biggest oil consumer, contracted in the second quarter. U.S. crude, or West Texas Intermediate (WTI), for September was trading 45 cents lower at $42.05 a barrel at 1348 GMT, close to its lowest in more than six years. Over the past two weeks, U.S. crude prices have fallen by more than 10 percent

August 17, 2015 MONEY (MSM)

Tsipras likely to call confidence vote after party revolt

The Greek government appears likely to call a confidence vote following a rebellion among lawmakers from the ruling Syriza party over the country’s new bailout deal, senior ministers said on Monday. Energy Minister Panos Skourletis described such a parliamentary vote as “self-evident” following Friday’s rebellion when almost a third of Syriza deputies abstained or voted against the agreement. With Syriza’s left wing showing little sign of returning to the party

August 17, 2015 MONEY (MSM)

Almost 97% of the good jobs created since 2010 have gone to college grads

In case you needed more evidence that getting a college degree is generally a good idea, Georgetown University is out with a new report that underscores how important a diploma has been in this recovery. Of the 2.9 million “good jobs” created during the recovery from 2010 to 2014, 2.8 million — or 97 percent — have gone to workers with at least a bachelor’s degree, according to Georgetown’s Center on