« Crime | Main | Education »
Monday, May 12, 2008
Economy
- 10 Ways Recession Can Help the Environment
- However, it’s not all doom and gloom – recession could do wonders for the environment. Here are 10 ways this could be helping provide a positive respite to the planet:
- Ron Paul, Is America Really Going Bankrupt?
- ...a misunderstanding of monetary policy could cost us all of our money some day soon
- Housing Meltdown: "Smart" People Do The Stupidest Things
- Here’s a random collection of notable quotes from people in suburbia I know, along with their educational provenance, and/or current profession
- "Euros Accepted" signs pop up in New York City
- In the latest example that the U.S. dollar just ain't what it used to be, some shops in New York City have begun accepting euros and other foreign currency as payment for merchandise.
- High Wheat Prices Raise Grocery Costs
- The price of wheat has more than tripled during the past 10 months, making Americans' daily bread — and bagels and pizza and pasta — feel a little like luxury items. And baked goods aren't the only ones getting more expensive: Experts expect some 80 percent of grocery prices will spike, too, and could remain steep for years because wheat and other grains are used to feed cattle, poultry and dairy cows.
- Cutback Cuisine - WSJ.com
- With food costs soaring, restaurants are making changes. Steaks are out. Pastas and shrinking portions are in.
- Homes in foreclosure rose 79% in '07
- The number of U.S. homes that slipped into some stage of foreclosure in 2007 was 79% higher than in the previous year...
- Food prices rising across the world - CNN.com
- If you're seeing your grocery bill go up, you're not alone.
- Are we in a recession?
- It’s interesting to hear different people’s opinions at the World Economic Forum about what the economy is going to do this year.
- Rate cuts: why the Fed is just making everything worse
- Here’s the problem with the Fed’s approach. It’s now time for people and companies – banks, specifically - to rebuild their balance sheets. So by slashing interest rates and devaluing money, you actually make it harder for them to do that.
- Consumer Spending Slowed in December
- Consumers increased their spending at the weakest pace in six months while applications for unemployment benefits soared last week, two more signs the economy is weakening.
Thursday, January 31, 2008
Economic News
- Overseas Investors Buy Aggressively in U.S
- For much of the world, the United States is now on sale at discount prices.
- Increases in the National Debt Chart
- Graphic chart of increases in the National Debt Chart from 1776 to present
- Will The Truly Efficient Market Please Stand Up?
- "...it sure feels to us as if we're entering 2008 with some of the most pressing issues for the financial markets and real economy we've faced in quite some time. Very important fundamental issues that for now remain very unresolved."
- Study Shows Huge Gap Between Rents and House Prices
- A new study by former and current Federal Reserve economists tracked rents and home prices back to 1960 and found the current rent-price ratio is well below its long-term average. The economists suggest house prices will need to fall considerably over the next five years to be in line with rents.
- Go ahead, egg my Hummer, says Russian
- A Hummer owner in Russia's second city St. Petersburg has given antiglobalists the green light to pelt his oversized vehicle with rotten eggs
- Consumers cut spending, worry more as economy weakens
- Across America, there are growing signs that consumers are worried about the weakening economy, which could slip into recession.
- City of debt shows US housing woe
- The city of Stockton in California is at the centre of the mortgage crisis now sweeping America. Because, with house prices tumbling, more people in Stockton face the repossession of their homes than anywhere else in the US.
- What to do if you’re laid off in 2008 recession
- Here’s some tips I learned...
- The great fall of China
- "China, it turns out, isn't a $10-trillion economy on the brink of catching up with the United States. It is a $6-trillion economy, less than half our size."
- Recession in the US 'has arrived'
- The feared recession in the US economy has already arrived, according to a report from Merrill Lynch.
- Highly Skilled And Out Of Work
- Long-Term Joblessness Spreads in Middle Class
- Home Prices Post Record Decline, S&P: U.S. Home Prices...
- U.S. home prices fell in October for the 10th consecutive month, posting their largest drop since early 1991, according to a key index
- Mysterious $100 ‘supernote’ counterfeit bills appear across world
- “it’s by far the most sophisticated counterfeiting operation in the world,” said James Kolbe, a former congressman from Arizona who oversaw funding for the Secret Service. “We are not certain as to how this is being done or how it’s happening.”
- Bronze sculptures end up being sold for scrap in Vermont
- Thirty stolen bronze sculptures are valued at $1 million - not by the scrap yards where most of them ended up.