December 9, 2009
November 19, 2009
November 10, 2009
Read more here about this and other pranks from the Wall Street Journal.
October 30, 2009
"between the tiny Dakotan hamlets of Meadow and Glad Valley lies the McFarthest Spot: 107 miles distant from the nearest McDonald’s, as the crow flies, and 145 miles by car!"
October 23, 2009
Not Very Stimulating: 49 of 50 States Have Lost Jobs Since The $787,000,000,000.00 Stimulus Package Passed
"The table below compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available). According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted. Only North Dakota has seen net job creation following the February 2009 stimulus. While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs. To see how stimulus has failed your state, see the table below."
October 16, 2009
"Wal-Mart triggered the online skirmish Thursday when it began selling its 10 most anticipated hardcovers for $10 apiece when pre-ordered on its Web site. Amazon matched the offer hours later and Wal-Mart then chopped its price to $9. Friday morning Amazon had matched the price."
Read more here.
October 15, 2009
"Reaction this time was more muted than the first time the Dow closed above the 10000 mark, on March 29, 1999, when traders popped Champagne and passed around "Dow 10000" baseball caps. "People don't believe it, they don't trust it, they are nervous, they are anxious," said Andy Brooks, head of stock trading at money-management group T. Rowe Price. "Most of us can't believe the year we have just been through, where you made and lost so much money."
"But in the longer run, many of the problems that worry investors will need to be resolved, such as the high levels of bad loans and securities on bank balance sheets, the weakness of the real-estate market and the nation's heavy consumer and government debt. "We don't see a catalyst that would immediately drive the economy lower, but there certainly is some risk that the market could retrace its gains" since they have come so rapidly, says Bruce McCain, who helps oversee $20 billion as chief investment strategist at Cleveland's Key Private Bank."
September 23, 2009
September 22, 2009
September 15, 2009
As the Daily Mail writes: "The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination - and is why your Christmas stocking may be on the light side this year."
September 10, 2009
September 8, 2009
As PC World Writes: "For a piddling 7.6 cents per friend, Usocial will deliver 5000 new buddies to your Facebook account. That's $654.30 worth of lovin' from people you'll never meet..."
May 21, 2009
May 17, 2009
"Just 19.7 percent of 2009 grads who applied for a job have one so far, down from 51 percent at the same point in 2007, according to a new survey by the National Association of Colleges and Employers.
Those employers say they plan to hire 22 percent fewer graduates than last year. Another survey by the group shows the average starting salary dropped 2.2 percent from the same time last year."
Let's hope these students do graduate with high-interest credit card debt in addition to their student loans. For the current unemployment rate, the worst in 25 years, check out my previous post here.Above photo: St. Olaf College, Northfield, MN
May 12, 2009
Here is the link:
If you have any questions, post it at this site and a highly qualified teacher will answer your question.
May 11, 2009
May 10, 2009
April 29, 2009
April 23, 2009
From the Zimbabwean: "In Zimbabwe, the money is so worthless, that banknotes are cheap alternative to paper - meaning its cheaper to use the notes themselves for printing onto than buying the paper with the currency.. The Zimbabwean newspaper calls upon South Africans to “Fight The Regime That Crippled a Country”. The call to arms is written on worthless Zimbabwe bank notes… using billboards, wall posters and via direct mail to South Africa’s top corporate executives. The creative and eye-catching campaign has caused a stir on the streets of Johannesburg and has been reported by media around the world. One of the most eloquent symbols of Zimbabwe’s collapse is the Z$100 trillion dollar note, a symptom of its world record inflation. This note cannot buy anything, not even a loaf of bread and certainly not any advertising, but it can become the advertising - a powerful reminder about Zimbabwe’s plight and the need to hold someone accountable. The Mugabe regime has destroyed Zimbabwe. It has presided over the brutal oppression of the opposition, a cholera crisis, massive food shortages and the total collapse of the economy. Furthermore anyone brave enough to report this has been bullied, beaten and driven into exile. One such group is ‘The Zimbabwean newspaper.'"
April 20, 2009
April 19, 2009
April 8, 2009
April 6, 2009
April 2, 2009
To Protest the massive hyperinflation, the the Zimbabwean Newspaper created an ad campaign featuring huge posters, wall murals, flyers, and even billboards all made out of trillions of Zimbabwean dollars. Check out the photos from the newspaper’s Flickr Photo Stream.
"The Mugabe regime has destroyed Zimbabwe. It has presided over the brutal oppression of the opposition, a cholera crises, massive food shortages and the total collapse of their economy. Furthermore anyone brave enough to report this has been bullied, beaten and driven into exile. One such group is ‘the Zimbabwean Newspaper’. However, not content with having hounded these journalists out, the regime has slapped an import ‘luxury’ duty of over 55% on them which makes the paper unaffordable for the average Zimbabwean. In order to subsidize the paper they need to sell it in England and South Africa, to raise the foreign currency. A unique campaign was devised to promote the paper to raise awareness and increase readership. One of the most eloquent symbols of Zimbabwe’s collapse is the Z$100 trillion dollar note, a symptom of their world record inflation. This note cannot buy anything, not even a loaf of bread and certainly not any advertising, but it can become the advertising, it can be a powerful reminder about Zimbabwe’s plight and the need to hold someone accountable. Link.
April 1, 2009
March 30, 2009
March 28, 2009
March 20, 2009
March 19, 2009
... but then again, if Latrell Sprewell were still playing, how would he feed his family with this decline in revenues.
March 18, 2009
At the mimumum wage of $7.25 today, full-time summer job will generate about $3,500 this year, which would be enough to purchase the following list of 28 items (click to enlarge):
Economics professor Mark Perry says the following: "Teenagers today can afford things like cell phones with cameras, digital cameras, GPS systems, CD players, DVD players, laptop computers, and iPods that even a billionaire couldn't have purchased 20 years ago. As much as we might complain, just by being alive in the 21st century America, even if you're earning the minimum wage, you've "won first prize in the lottery of life."
March 15, 2009
March 14, 2009
"The crisis on Wall Street is plaguing Sesame Street.
Sesame Workshop, the nonprofit producer of "Sesame Street" and other kids' programs, is cutting about one-fifth of its work force because of the economic downturn.
The New York-based company said Wednesday that it's eliminating 67 of 355 staff positions.
Declaring it is "not immune to the unprecedented challenges of today's economic environment," the company pronounced a need "to operate with fewer resources in order to achieve our strategic priorities."JR: It looks like a possibility to introduce economics to my 3 little kids at home.
March 11, 2009
Two authors of best selling textbooks, Greg Mankiw of Harvard and Paul Krugman of Princeton have been arguing, via their columns and blogs, about the very rosy economic forecast over the President's budget. Mankiw challenged Krugman to a bet, some of his Nobel Prize million, that GDP growth will not be as large as the President's budget predicts. Krugman called Mankiw "evil" and yet has not responded to the wager. My money is on my facebook friend Mankiw.
Here's the Washington Times today: "Harvard economics Professor Greg Mankiw thinks that Mr. Obama's growth forecasts are overly optimistic and that the federal deficit will be a lot larger than Mr. Obama thinks. He was chastised by Princeton's Paul Krugman, a Nobel Prize winner in economics, who on his New York Times blog claims that Mankiw can only make the predictions that he does because of "more than a bit of deliberate obtuseness." He titled his post on Mankiw, "Roots of Evil."
Last Wednesday, Mankiw responded to Krugman's attacks by suggesting: "Well, Paul, if you are so confident in this forecast, would you like to place a wager on it and take advantage of my wickedness?" Krugman has still not responded. It seems even a Nobel Prize winner isn't willing to lay money on Mr. Obama's rosy projections."
March 10, 2009
"They're coming to us, saying `Look, I want to buy 50, 100, 1,000.' They want to own every decent and cheap house they can find."
Despite a stagnant retail housing market, real estate sales of foreclosed homes are booming. Shannon regularly fields calls from eager prospects, and recently sold 30 homes in one day to one buyer. A trio of U.K. investors has bought a half-dozen and plans many more.
HT: Carpe Diem