It’s no secret America is facing a new housing crisis. This issue is getting more media play recently. Its roots lie in the collapse of residential construction after the housing crash. Also, changes in employment patterns, an explosion of student debt, and the reluctance of millenials to star[...]
Posts Tagged ‘Economy’
June 2nd, 2015 - 7:19 am § in Misc.
Rent affordability map
How much you must earn in each state to afford a 2-bedroom apartment. (From Daily Kos)[...]
May 6th, 2015 - 9:12 am § in Politics
Last rites for Keystone XL?
A little-noticed political upheaval in Alberta may have sealed Keystone XL’s fate. The oil-friendly Progressive Conservative Party, which has ruled Canada’s oil-rich province for 44 years, was all but obliterated in yesterday’s snap election, retaining just 11 of the legislative as[...]
April 28th, 2015 - 8:38 am § in America
What causes inequality?
Hint: Studies have shown the best predictor of success in America is how wealthy or poor your parents are. Here’s an interesting subtext: An experiment by a Harvard researcher that tested employer attitudes found a white job applicant (actually a research associate) claiming to have jus[...]
March 29th, 2015 - 11:06 am § in America
Who owns America
(Click to enlarge; for source, click here and scroll down to #2.)[...]
March 27th, 2015 - 4:19 pm § in America
Drillers push to develop Alaskan oil
The U.S. oil industry wants to drill in Alaska, and to justify this, they argue the shale oil will run out in a decade. (Click here for source.) They’re probably right on the latter point. The fracking bonanza almost certainly is temporary. Conventional oilfields, such as those in the Middle E[...]
March 6th, 2015 - 3:02 pm § in Misc.
Stocks plunge on strong hiring
The Dow Jones Industrial Index, the most widely-watched stock market indicator, plunged by 278 points today, after the Labor Department’s February jobs report showed unexpectedly strong job creation, with nearly 300,000 workers hired last month. This plunge might be hard to comprehend especial[...]
March 2nd, 2015 - 2:25 pm § in Misc.
The world’s 10 richest people
Per Forbes: #1 – Bill Gates Jr., $79.2 billion #2 – Carlos Slim Helu, $77.1 billion #3 – Warren Buffett, $72.7 billion #4 – Amancio Ortega, $64.5 billion #5 – Larry Ellison, $54.3 billion #6 – Charles and David Koc[...]
February 22nd, 2015 - 12:10 pm § in Misc.
Growing refinery strike threatens gas shortages and higher prices
The United Steelworkers expanded a refinery strike this weekend after rejecting oil companies’ seventh contract offer Thursday, and the widening strike could begin limiting gasoline supplies and driving up pump prices soon. Workers struck more refineries, including the nation’s largest, [...]