Economic Troubles As Seen Through Online Job Postings
The Economic Crisis and the US Online Job Market
The Economic Crisis and the US Online Job Market
.!.President Obama is asking the Cabinet to cut $100 million over the next 90 days. RealClearPolitics has a video of reporters taking the administration to task for hailing the $100 million dollar cut as significant after dismissing criticism of an $8 billion appropriations bill several weeks ago. Gibbs mentions how $100 million is a lot [...]
Consumerist is reporting that Borders may have to deliver some bad news in the near future and is speculating that the book chain may be going under.
That’s unfortunate because I’m quite fond of Borders. A combination of working there for three years (opening the Fredericksburg store as a temporary employee in August 1997, working my [...]
DJ McGuire points us to a New Republic article by Joshua Kurlantzick that says the economic downturn might spell the end of China’s Communist government:
For years, the Beijing regime has stayed in power using a basic bargain with its citizens: Tolerate our authoritarian rule and we’ll make you rich. And for years, this seemed to [...]
A basic understanding of economics would easily explain Exxon’s recent news:
Higher consumption leads to higher profits.
Class dismissed.
Forget the mortgage crisis that is based on 3% of American’s being irresponsbible and defaulting on their loans. The one that might have a greater impact is the coming Credit Card Meltdown:
Some more troubling details from the Red Tape Chronicles:
Outstanding credit card debt has grown by more than 75 percent since 1999.
More than 50 percent [...]
A subprime lending primer from November, 2007 that’s still relevant today. The rest of the site is pretty informative too.
Earlier today I wrote about the bailout at Bearing Drift but forgot to mention one point that the news has reminded me of: in order for the government to fund this bailout it’s going to have to make money. When the government makes money out of thin air, all money loses value. Thus inflation. Thus [...]
Oil has dropped below $114 a barrel thanks in part to a rising dollar:
Oil prices are “getting more and more pressure from dollar strength and it doesn’t seem reversible for now,” said Serge Laureau, commodities strategist at Saxo Bank in Copenhagen, quoted by Dow Jones Newswires.
The dollar struck a five-month high point against the euro [...]
Interesting to see and probably better visualizes thing than my Oil Vs. Dollar graph.
What can you buy for five dollars? takes you on a world wide tour of $5 items.
From Measuring Worth, the “real” price of gasoline:
Gasoline cost 27 cents a gallon in 1949 compared to around $4.00 today.* How has the relative cost of buying gas changed over the last 59 years? Presented here are two tables computing the annual “real” cost using our five indicators, one in 2007 dollars, the current number [...]
Very rough overlay of graphs showing the value of the dollar (in black and numbers on left) to the real price per barrel of oil (in red and numbers on right). Cyan is nominal value per barrel of oil. For personal reference more than anything else.
(Sources: Dollar graph from here. Oil graph from [...]