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03 Oct 2010 11:37

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U.S.: Nevada is stuck in the abyss of recession with no way out

  • 3.8% the state’s unemployment numbers a decade ago – pretty good, right?
  • 14.4% the state’s jobless numbers now – and it’s even worse when you get to Las Vegas
  • 44 number of months the state has led the country in foreclosure numbers – nearly four years source
Posted by Ernie Smith • 0 Comments • Permalink

21 Sep 2010 10:09

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Biz: Housing starts get boost in August after some crappy months

  • 10.5% boost in housing starts in August source
  • » Why this is really good: Because housing starts just went through a couple of very crappy months. In the aftermath of the end of the homebuyer tax credit, housing starts plunged in May and June at record rates. While early, this suggests that housing is starting to recover on its own. That said, both single-family and multifamily housing starts are near 50-year lows.
Posted by Ernie Smith • 0 Comments • Permalink

20 Sep 2010 12:29

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U.S.: Recession officially over, and it was a really long one, guys

  • 18 number of months the last recession, which officially ended in June 2009 according to this group, lasted
  • 16 number of months two previous postwar recessions, in the 1970s and 1980s, lasted source
Posted by Ernie Smith • 0 Comments • Permalink

11 Sep 2010 13:11

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Politics: Obama’s big economic trouble? Key positions, still vacant

  • 6 key economic positions are still empty nearly two years in source
Posted by Ernie Smith • 0 Comments • Permalink

06 Sep 2010 10:54

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Biz: Housing market: Would a correction help homeowners?

  • Housing needs to go back to reasonable levels. If we keep trying to stimulate the market, that’s the definition of insanity.
  • George Mason University real estate finance professor Anthony B. Sanders • Suggesting we let the housing market go to hell so it can correct itself. It’s a somewhat unique argument, but considering the way that overdevelopment and overbuilding has defined the real estate market of the last decade. So, the debate as it currently stands: Does the Obama administration keep trying to stimulate growth in the housing market, or does it focus less on devlopment and more on ensuring the value of the investments that millions of homeowners have already made? A tough answer, but we think the latter sounds like a good idea. source
Posted by Ernie Smith • 0 Comments • Permalink

05 Sep 2010 20:22

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Politics: Coming soon: More Obama stimulus efforts on the way

  • $100 billion in tax credits to encourage R&D source
  • » And that’s not all: Get ready for even more stimulus talk later this week; Obama plans to launch another major effort to kick-start the economy on Wednesday. The big question: Will he be able to pull it off given all the crap he’s had to take from the right lately? (In fact, it’s good to note that these efforts are relatively modest because of that.)
Posted by Ernie Smith • 0 Comments • Permalink

03 Sep 2010 09:52

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Biz: Jobs grew, but the unemployment rate still rose

  • 9.6% the latest unemployment rate, which is an uptick source
  • Why the increase? Interesting reasons, actually; apparently, private-sector jobs actually increased. Unfortunately, government jobs continued to disappear.
Posted by Ernie Smith • 1 Comment • Permalink
 

01 Sep 2010 10:44

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Biz: Burger King to potential owners: Have it your way

  • The fast-food chain of late has been struggling. Why’s that, you ask? Well, its base market of young males has been one of the hardest-hit during the recession, meaning (despite its often immaculate advertising) it’s been underperforming compared to McDonald’s and other fast-food chains. So the company, which has been publicly-traded for just a few years, is considering a sale. They’ve already talked with some buyers. No word on how much they’ll customize the not-broken model after they sell. source
Posted by Ernie Smith • 0 Comments • Permalink

27 Aug 2010 11:48

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Biz: Bernanke plans to save the economy with immaculate beard

  • The Committee is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly.
  • Federal Reserve Chair Ben Bernanke • On his plans to prop the economy up if it makes a double-dip, which is looking more and more likely by the day. Bernanke is currently at the Kansas City Fed’s annual monetary symposium in Jackson Hole, Wyoming, and made the speech to a ton of central bankers. But think of it this way. He was making it to more than just then. He was also trying to reassure people who still get him mixed up with Paul Krugman, or on a really bad day, Thomas Friedman. source
Posted by Ernie Smith • 0 Comments • Permalink

27 Aug 2010 11:38

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Biz: The numbers on the economy match the public sentiment

  • 83% of people agree that the economy freaking sucks source
Posted by Ernie Smith • 0 Comments • Permalink
 
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