Hope that spur-of-the-moment trip to Mexico last year was lots of fun. Because it's wreaking havoc on the U.S. trade balance. It all comes down to services, the part of the economy where the U.S. is the undisputed global leader. Some services-often intangible things like financial advice and royalties-are traded between countries, and in the U.S.

Nation INDONESIA is offering another tax break for employers in labor-intensive sectors, aiming to rein in unemployment, in the latest of its series of stimulus measures, the chief economics minister said on Friday. Economic growth this year is set to be Indonesia's slowest in six years, although third-quarter growth showed a slight rebound.

What you need to know about Friday's Japan economic data: Core CPI excluding fresh food fell 0.1 percent from a year earlier (-0.1 percent forecast) following declines in September and August. So-called core core CPI, which excludes energy and all food, rose 0.7 percent (0.8 percent forecast).

Economics & Finance - BLOG Another recession is coming in the not-too-distant future. With monetary policy not yet back to normal, governments and central banks should start planning their responses. In most advanced economies business cycles can be characterised by a succession of long expansion phases interrupted by short recessions.

One of the intellectually horrifying things about the response to economic crisis was the way many economists, some of them famous, reinvented old fallacies in the belief that they were saying something profound.

Bihar Confirms That Better Economics Is Better Politics New evidence that Indian voters are rewarding governments that deliver growth There isn't a shortage of explanations on why the BJP lost its way in Bihar - Modi's waning popularity, RSS and quotas, no strong local leader and even humble food staples like beef and dal.

At least 132 people were killed after terrorists orchestrated a series of attacks in Paris on Friday. Many more were critically injured. And suspects remain at large. But the world goes on. Here's your Monday Scouting Report: Top Stories How the economy and markets react to terrible tragedies.

The return of the haze to Singapore has brought the predictable round of complaints, analysis, hand-wringing, and soul-searching, but the problem never seems to improve. To establish a basis for actionable intervention, it is critical to link policy solutions with evidence about the health impacts of the haze-on residents of Indonesia.

Investment firm, Bernstein, reaffirmed its Outperform rating on Apple, along with a price target of $135. The firm has noted the first weekend sales of the newest iPhone, which the company declared to surpass 13 million units. Its predecessor iPhone 6 managed to reach over 10 million sales volume in the opening weekend, which was a record back then.

Several prominent articles this year that have taken a position against energy efficiency have attracted enough press attention to require formal refutations. But these articles all have something in common: an ideological belief that markets work best unconditionally, and therefore that a carbon pollution fee is the "first-best" economic solution to climate change.