We Need a Care Package!
We've built an economy that depends on unpaid and underpaid care, but penalizes the people who provide it.
Latest news (Page 106)
Delasantellis on Foreclosed Home Sales
The Asia Times columnist sees a new breed of buyer--one that will buy-to-rent, and be financed by, of all things,
China's Wages "Miracle"
We've noted the dodgy nature of China's statistics before on this blog. But never regarding wages,
They Haven't Gone Away Yet...
And there's a commercial lending bust just round the corner that might deplete the capital the banks have
Bad News for Jobseekers: Productivity Surges
With its biggest quarterly gain in six years. But here's the dirty little secret: "According to the
G.D.P. R.I.P. (NYT)
Nice op-ed in yesterday's New York Times; hat-tip to J.B.: IF there's a silver lining
Corporate Treasurers Continue To Hoard
Fearing another credit crunch. From Bloomberg: Treasurer Fear of Credit Freeze Seen in Cash Hoarding Update 2 By Bryan Keogh
Quote of the day
From Paul Krugman's blog: ... And just as an illustration: a number of people have pointed this out, but
Bank Overdraft Fees To Hit $38.5 bn This Year
With the brunt of the burden on the poorest. Thankfully the banks are doing this for our own good, because
Economic Indicators To Watch This Week
Tomorrow, Tuesday (and Wednesday as well), the Federal Open Market Committee meets. There is 0 chance that it will move
A Note on Friday's Employment Report
Friday's employment report from the Bureau of Labor Statistics, which showed the official unemployment rate decreasing for the
July U6 Measure of Unemployment: 16.3%
Along with Friday's readings of 247,000 jobs lost in July (far less than expected), and the slight
Big Supply Chain Shift To Counter Globalization?
From The Financial Times: Crisis and climate force supply chain shift By Richard Milne in Amsterdam Published: August 9 2009