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29 Jun 2010 11:33

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Biz: Let’s introduce you guys to a misleading housing number

  • 3.8% increase in home prices year-over-year in April source
  • » Why it’s misleading: Basically, this number is up 3.8 percent from one of the lowest levels on record. It’s still 30 percent off its peak level. Also, we have to imagine the May numbers will suck even worse, what with that 33 percent drop in new home sales and all.
Posted by Ernie Smith • 0 Comments • Permalink

28 Jun 2010 09:26

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Tech, U.S.: Obama’s giving Americans what they really want: More wireless

  • He’s reportedly looking into expanding the wireless spectrum even further. With an ever-increasing need for wireless spectrum, the administration is looking to open up around 500 megahertz worth over the next ten years. And just in time, too – some studies suggest the demand in five years will be 20 to 45 times the demand in 2009, when it was already really high. source
Posted by Ernie Smith • 4 Comments • Permalink

17 Jun 2010 10:05

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Biz: Oil disaster: Stockholders really liked BP’s escrow account deal

  • 9.8% increase on the London stock exchange today source
Posted by Ernie Smith • 0 Comments • Permalink

16 Jun 2010 10:19

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Biz: Manufacturers use low interest rates to ramp up production

  • 1.2% boost in May’s industrial production levels source
  • » Why this is important: If companies are building more stuff, that means more jobs. However, it’s contingent on people buying the new stuff in stores. Manufacturers will only be able to keep building supplies if demand continues to increase. However, the current low interest rates at least help encourage companies to create supply when they otherwise wouldn’t.
Posted by Ernie Smith • 0 Comments • Permalink

10 Jun 2010 22:42

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U.S.: Oil spill: Holy crap, the new estimate is freaking insane

  • 40,000
    barrels     the amount of oil the U.S. estimates is spewing out daily (whoa)
  • 1.68
    million     the amount of oil that is in gallons, which is freaking scary source
Posted by Ernie Smith • 0 Comments • Permalink

08 Jun 2010 10:47

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Biz: Investors must be scared: Gold hits a record high value

  • $1,251 per ounce of pure, golden gold source
Posted by Ernie Smith • 0 Comments • Permalink

02 Jun 2010 10:59

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World: Speaking of cancer, the death rates are growing quickly

  • 7.6
    million     the number of people who died of cancer in 2008
  • 13.2
    million     the number of people projected to die of cancer in 2030 source
Posted by Ernie Smith • 0 Comments • Permalink
 

13 May 2010 10:40

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U.S.: Bad sign: Murder is up in many major cities this year

  • 149 murders in New York City so far this year, versus 134 at the same point last year; 13 were kids
  • 120 murders in Chicago
    (111 last year); a major leap in murder last month was a root cause
  • 104 murders in Philadelphia (101 last year); crime is mostly down in Philly this year
  • 103 murders in Los Angeles (100 last year); violent crime is otherwise down this year source
Posted by Ernie Smith • 0 Comments • Permalink

12 May 2010 21:14

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Biz, U.S.: The federal deficit blew the roof off of April’s record

  • 19 straight months of federal
    deficit increases source
  • » Why it’s alarming this time: It’s relatively rare for deficit increases to happen in the month of April, due to the fact that it’s tax season and lots of revenue is coming in. In fact, there’s been an April surplus 43 of the last 56 years. Even crazier, the increase this April was four times bigger than last April, from $20 billion to $83 billion. That’s also twice the Wall Street estimate of $40 billion.
Posted by Ernie Smith • 8 Comments • Permalink

11 May 2010 00:02

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U.S.: Depressing: Food stamp usage continues to break records

Posted by Ernie Smith • 0 Comments • Permalink
 
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