Because if Mr. Obama gets his way, your parents will eventually have no choice but to move in with you. CNN/Money describes Chained CPI as “The Geeky Debt Fix That Might Work.” It will do no such thing. The assumption is that “CPI overmeasures inflation” when in fact, inflation has been systematically undermeasured for many [...]
As we all know, all too soon we Americans will be required to purchase health insurance from the highly profitable corporations that got us into the health insurance “reform” debacle. Even people who should know better think we just have to have mandatory insurance to abolish pre-existing conditions because after all “people would buy insurance on [...]
Fact one: Home prices are up nationwide. By how much depends on which index you like to use. Fact two: The number of available existing homes listed is down. Not down a little bit, but down about 17% in 146 metro areas (I think that qualifies as “nationwide”) and down over 25% in a couple dozen [...]
Let’s cut to the meat: [I]f America fails to enact historic, structural reforms in spending, an entirely new source of revenue will be needed. And it’s likely to be enacted in haste and near-panic, as the only option to forestalling a crisis. “The gap between revenues and outlays will be simply too large,” says J.D. [...]
So I have some open tabs that I’ve been saving for a discussion on employment, unemployment, and job creation. Luckily for me, job creation and unemployment numbers came out today. Unemployment does continue to go down, and it looks like we [barely] create enough jobs to keep up with demand. However, many of those new [...]
Facebook is a social media site that I don’t use. At all. Ever. You see a Bridget Magnus over there? It’s not me. Probably that lady from Vancouver. Ok, disclosure out of the way. So, it seems that their stock is at a record low. And it’s expected to dump more altitude in a couple [...]
Praise Sandy Weill, for he hath told the truth — and delivered you from Shorties. Seriously, I thought I’d have to resort to Shorties today until I saw this little gem: Sandy Weill, the same man who had a giant game of “chicken” with Congress, forcing them to pass laws that allowed his company to [...]
According to the current conservative narrative, the unemployed and underemployed are what they are because they are lazy. They’re not doing what it takes to get a job. They’re not willing to get educated for the so-called Jobs Of Tomorrow. They’re not willing to step down to take a job that doesn’t pay enough to [...]
Maybe you saw the report showing that the net worth of the average American family is down almost 40%. It’s down to the levels we had during the Original Bush Administration (oh, and Happy 88th Birthday to him). Now, of course that’s partly because home prices are down to where they were a decade ago. [...]
Seriously, I’m coming up on 9 years of writing here, and this is the first time I’ve been able to write those words without meaning it sarcastically. First, unemployment is down to 8.1% (locally, down to 12.4%). That’s still too high, and it still doesn’t account for people who have given up on finding a [...]
