Q2 2014 real GDP was revised to 4.6%, a strong showing not seen since Q4 2011. Q2 Gross Domestic Product also cancels out the dismal Q1 -2.1% real GDP contraction for the year. Growth was across the board. Investment showed large growth. Personal consumption expenditures increased and were a large component of GDP. Changes in private inventories was a large GDP contribution, but so were exports.
According to a new report, ever since Bill Clinton granted permanent normal trade relations to China, the U.S has lost over 64,000 manufacturing firms and at least 5.8 million manufacturing jobs.
Something strange is happening to familiar American companies: Burger King has become Canadian, Pfizer seems to be trying to be British, and Walgreens has backed away from becoming Swiss only because of the outcry over their plan for a new nationality. Seeing what our companies are willing to do to escape paying income tax, people are beginning to wonder about how American our American companies are.
The Dow Jones stock average closed early September Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population.
It's been a while since we've published and we're just now trying to reboot the site and write original material again. We had two major events which caused the long downtime.
Consumer prices fell for the first time in 16 months in August as lower gasoline prices pulled the energy index and overall prices lower; moreover, core prices were flat, the first time since October 2010 that the core price index did not increase.. The Consumer Price Index for All Urban Consumers (CPI-U) for August from the Bureau of Labor Statistics showed that seasonally adjusted prices fell by 0.2% after rising only 0.1% in July.. The unadjusted CPI-U, which was set with prices of the 1982 to 1984 period equal to 100,
Back in those golden days of yesteryear, universities had this very quaint and charming notion that their purpose was to fill the minds of young people with knowledge. They provided a brief refuge from the tumult of the everyday world, so students could acquire an intellectual foundation that would enlighten the rest of their lives.
Somebody has really, REALLY messed things up, and I think you know who you are, gentlemen.
According to the Mortgage Monitor for July(pdf) from Black Knight Financial Services (BKFS, formerly the LPS Data & Analytics division), 935,460 home mortgages, or 1.85% of all mortgages outstanding, remained in the foreclosure process at the end of July, which was down from 951,384, or 1.91% of all active loans that were in foreclosure at the end of June, and down from 2.82% of all mortgages in July of last year. These are homeowners who had a foreclosure not
Consorting with the Consortium and its Big Data devilry
INTRO: The jargon used to sell the Consortium’s products sounds like a satire of “The Office,” which itself is a satire. The Consortium promises to provide “interoperable workflow solutions“ in its “robust array of resources and tools.” Everything, it seems, is part of a “suite” that is comprehensive, exclusive, benchmarked, trademarked, high-impact and integrated. It promises a sheen of order, ease and rationality to institutions that are “at the crest of the wave,” facing “The Threat of Incrementalism.”
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