This discussion facilitates the common understanding of what unemployment does both at a local and a national level.
It is relevant as the current unemployment level has gone so high so fast.
Right now there is a huge national debate on whether to restart the economy or opt for safety and stay...
The Coming Age of Dispersion
by Joel Kotkin
March 25, 2020
"As of this writing, the long-term effects of the coronavirus pandemic remain uncertain. But one possible consequence is an acceleration of the end of the megacity era...
The Return to Serfdom
By JOEL KOTKIN
July 25, 2019
A steel worker returns to work at U.S. Steel Granite City Works in Granite City, Ill
"I’m not a free-market fundamentalist. To me, the beauty of liberal capitalism...
Multiple interesting-looking links in original.
I suspect that word is also getting out to decision-makers that China is irredeemably corrupt in ways that go against those decision-makers' interests.
The book Poorly Made in China covers this nicely...
OK this is Zero Hedge but I thought the article was interesting - however, there are a couple of things not mentioned or only lightly touched on - one is that probably the majority of undergraduate classes in the humanities these days are taught by graduate students or barely employed young...
He is worth reading if only for the off and on wit.
Who doesn’t want to think that they are a good human being? That they are a person of good intentions, clear conscience, fair-minded, generous, loving, and...
Are NEW Chinese buildings really FALLING DOWN?
Run time (11:03)
GHOST CITY - Inside the Chinese Housing Bubble
Run time (15:50)
For links see article source.....
Posted for fair use.....
Merkel, Macron call for more powerful EU as Davos braces for Trump
Jan 24, 2018
Davos, Switzerland (dpa) - The...
I'm putting this article into it's own thread due to the comments and insight of the interview...Housecarl
For links see article source.....
Posted for fair use.....
STRATFOR founder George Friedman...
It looks like Japan's version of the pump monkeys are failing.
The Nikkei did go up 2.65 percent in the morning session.
At precisely 1 pm Japan time it started to tank.
It is now down over 2 percent and some 300 points. The entire loss of 300 points has taken place in less than ONE HOUR...
Web searches on the internet can lead you to some very strange places...
10/12/11 Economic Explaination regarding the Eurocrisis
EVERYONE PLEASE PAY ATTENTION AND READ: HOW THE GREEK & ITALIAN BAILOUT WILL WORK IN VERY SIMPLE TERMS:
It is a slow day in a little...
NY Times: http://www.nytimes.com/2010/06/08/world/europe/08britain.html?hp
LONDON — Prime Minister David Cameron said Monday that Britain’s financial situation was “even worse than we thought” and that the country would have to make savage spending cuts to bring its swelling deficit...
Failing Home Economics
Michael Falco for The New York Times
A CAULIFLOWER CONUNDRUM Flummoxed by variables in cauliflower pricing, Jill Andresky Fraser, a financial journalist, started a blog, EconoWhiner.com, which offers...
China's Economy Grows 9%, Slowest Pace in Five Years (Update3)
By Kevin Hamlin and Li Yanping
Oct. 20 (Bloomberg) -- China's economy, the biggest contributor to global growth, expanded at the slowest pace in five years as the financial crisis cut demand for exports.
Gross domestic product...
Spanish recovery could take two years-Ocana
Reuters, Tuesday October 14 2008
* Spain's economy might not recover until 2011
* Spain sees risk of public sector deficit until 2011
* Deficit should not breach 3 pct/GDP, if crisis eases
* Spain very worried by bond spread over German...
Kevin Rudd sharpens razor as economic crisis hits home
"HUNDREDS of millions of dollars will be slashed from health and other key programs as the Rudd Government takes the axe to Budget spending.
Faced with the worst economic crisis in decades, the Government is eyeing billions of...
Indian Stock Markets Plunge on Worries Over World's Financial System
By Anjana Pasricha
15 September 2008
Indian stock markets have plunged sharply as worries about the global financial systems rock the world. Anjana Pasricha reports from New Delhi, the Indian market was among...
Wall Street job cuts will tarnish Big Apple
Janet Whitman, Financial Post
Published: Monday, September 15, 2008
NEW YORK – The Big Apple could be pushed into a deep recession as the collapse of Lehman Brothers Holdings Inc. and...
As Economy Slows, China Eases Monetary Policy
By KEITH BRADSHER
Published: September 15, 2008
HONG KONG — After five years of tightening monetary policy to fight inflation, China abruptly reversed course on Monday, cutting interest rates and easing bank lending...
World stock markets sink on Wall Street crisis
By DAVID McHUGH – 4 hours ago
LONDON (AP) — Asian and European stock markets were down sharply Monday amid growing alarm over the world's financial system after a seismic shake-up on Wall Street, with Lehman Brothers saying it would file...
I thought having these on hand today for a reference may come in handy.
I pray we don't need these today but if not today, when?
A variety of mechanisms are in place on the U.S. exchanges to restrict program trading (i.e., to cut off the...
...The credit crisis has also hit US insurer AIG, which is suffering from a declining share price and facing a possible downgrading of its credit rating.
AIG is being forced to extreme measures, including perhaps selling off subsidiaries to extricate itself from billions of dollars in losses...
From Wall Street Journal:
Auto Executives to Seek Government Help
By JOHN D. STOLL, STEPHEN POWER, and COREY BOLES
September 8, 2008
Top auto executives, including General Motors Corp. Chief Executive Rick Wagoner, will launch a lobbying push this week for billions in government loans to help...
Here is what a little research uncovered about Senator McCain's top economics advisor. (Remember, Sen. McCain admits not knowing much about economics so therefore be expected to rely heavily on his advisor in that area....
Also, thanks to the efforts of Sen. Gramm, we are the recipients of the...