The oft-discussed possibility of a double-dip recession still looms darkly on the near horizon. Sure, the Stock Market is more often up than down, but those numbers represent only about 40% of the economy. Unfortunately, some 1% of the people in the economy control and profit from the 40% takings from that particular casino. For […]
Twitter Twice Singled Out As Prognosticator
Twice in the past week Jared Keller of TheAtlantic.com has posted stories of how scholars have found correlations between trends on Twitter and changes in the human condition (for better or worse). Academics have developed algorithms that can survey the ‘mood’ in the Twittersphere by seeking out specific terms or expressions of sentiment, then applying […]
Housing Market Continues The Good, The Bad, The Ugly
The shocking number of foreclosed houses in July, over 90,000, has sent shockwaves through the economy – especially the Stock Market, as the Dow Jones Average has been near or below 10,000 the last few days (having reached highs just over 14000 a week ago). Investors worry about perceptions of future growth. The surprise of […]
Jobs Report Suggests Slight Or Slighter Growth Depending on Source
The release of the government’s jobs report this past week was cause for about as much speculation as Apple Inc.’s World Wide Developers’ Conference is this week. And just as people pretty much knew about Apple’s fourth-generation iPhone weeks ago, so people were pretty sure what the jobs report would look like before it was […]
Nonprofits Looking for Ways to Bridge Gaps in Funding
More grim news about the economic situation we find ourselves in: The stock market rose by some 28 points on the news that ONLY 20,000 jobs were shed in February (as opposed to 60,000 in January). Our readers are well aware of the situation, of course. And all economics, like politics, are local as we […]