Economy
Another QE: More Years of High Unemployment
Ben Bernanke and the Fed announced after a two day Federal Open Market Committee meeting another quantitative easing measure, suggesting they would purchase $40-billion mortgage debt each month.
Hidden in...
Green Jobs – Increased Or Not?
Which of the above stories is correct? Have green jobs increased or have no jobs been created?
Actually, both stories are correct. The headlines are misleading.
The first story discusses the...
U6 numbers show trends
The graph posted above was compiled from data listed on Portal Seven. It begins at the peak unemployment number reported in October 2009. It shows the downward trend happening...
The U6 is below February 2009
President Barack Obama took office on January 20, 2009. The U6 unemployment rate for that month was 14.2 and quickly climbed to 15.1 by February. The U6 rate peaked...
HP to slash 30,000 jobs
HP executives - like many other terrible corporate executives - are continuing to use the old style of slash and burn economics. Instead of supporting their employees during hard...
CA Budget Woes
A revised budget plan for California is expected on Monday. Expenses have been greater than in the budget and revenues have been lowered than projected.