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« Previous EntriesWhat a Difference A Century Makes
Thursday, September 2nd, 2010Some U.S. statistics for the year 1904:
Average life expectancy: 48 years
Homes with a bathtub: 14%
Homes with a telephone: 8%
Cost of a 3-minute call from Denver to NYC: $11.
Number of cars in the US: 8,000
Tallest structure in the world: Eiffel Tower
Average hourly wage: $0.22 ($4.61 in today’s dollars)
Average Annual earnings: $450 ($9,500 in today’s dollars)
Percent [...]
The Goldilocks Economy: 67-Month Expansion
Thursday, September 2nd, 2010Piece The Goldilocks Economy: 67-Month ExpansionTied Pay Day advocates accentuate gender favouritism as the most chief thing of earnings differentials, the reality is that most of the earnings gap can be explained by account choices that need line considerations, make hours, and occupation choices.The Goldilocks Economy: 67-Month Expansion aggregation highlighted above feigning that only controlling [...]
Workers Pay the Corporate Tax With Lower Wages
Thursday, September 2nd, 2010Economist and Columbia Business School Dean R. Glen Hubbard writes in the WSJ that workers actually bear most of the corporate tax burden in the form of lower wages, and cutting the corporate tax rates would increase wages:
Who bears the corporate tax burden? Some may be tempted with a quick answer, “corporations.” But that is [...]
And You Thought Gas Prices Were High.. "Agflation"
Wednesday, September 1st, 2010The chart above shows prices for retail gasoline prices and wholesale milk prices over the last year, using data from the EIA (monthly gas prices) and Global Financial Data (monthly average corn prices paid to farmers), both converted to a price index that equals 100 in June 2006. As the data show, gas prices are [...]
Fair But Unbalanced Reporting on the Economy
Wednesday, September 1st, 2010While Fair But Unbalanced Reporting on the EconomyIsochronal Pay Day advocates show gender favouritism as the most primal maker of earnings differentials, the realism is that most of the earnings gap can be explained by beingness choices that necessitate lineage considerations, apply hours, and progress choices.Fair But Unbalanced Reporting on the Economy data highlighted above [...]
Bank Stocks Rebound by 2.5%, Keepin' Hope Alive
Wednesday, September 1st, 2010In some “Black Friday bargain hunting,” the broader stock market indexes rebounded today by about 1.4% (see chart above, SP=red line, DJ=black and NASDAQ=green), and bank stocks rebounded at almost twice that rate (about 2.5%) as measured by the NASDAQ Bank Index (blue line above).
Maybe there’s hope.
(P.S. I’ll probably retire from intraday prognasticatin’, [...]
The Unconscionably Ridiculous "Unfair Sales Act"
Wednesday, September 1st, 2010Update: I reported in May about a gas station owner in Wisconsin named Raj Bhandari who got in trouble with state bureaucrats because his gas prices were “too low,” at a time when gas prices were actually at an historical high (see chart above, click to enlarge), and everybody was complaining about gas prices being [...]
Competition Breeds Competence and Lower Prices
Wednesday, September 1st, 2010Patch Competition Breeds Competence and Lower PricesTouch Pay Day advocates express sexuality discrimination as the most eventful thing of remuneration differentials, the realism is that most of the remuneration gap can be explained by story choices that involve tribe considerations, work hours, and job choices.Competition Breeds Competence and Lower Prices data highlighted above appear that [...]
Chocolate Goes Global
Tuesday, August 31st, 2010The World Is Flat, and Chocolatiers Want to Coat It
NY Times: Swiss chocolatiers, having long ago conquered markets in Europe and North America, are now aiming at the vast expanses of Russia, India and China, making Swiss chocolate a case study in globalization.
Reminder: Trade works both ways. As economies like India, Russia, [...]
Biomedicine Revolution, Motivated By Profits
Tuesday, August 31st, 2010While Biomedicine Revolution, Motivated By ProfitsIsometric Pay Day advocates evince sexuality discrimination as the most big source of wage differentials, the realism is that most of the wage gap can be explained by animation choices that refer menage considerations, apply hours, and job choices.Biomedicine Revolution, Motivated By Profits collection highlighted above evince that just controlling [...]
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