Submitted by unsettling economics
This article supports the NAFTA clause that lets foreign firms sue the US governments for redress of trade wrongs. The story is especially interesting because it shows how down and out people may enjoy punishing corporations. The author obviously sympathizes with the Canadian firm, but the story of the trial is entertaining. […]

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Submitted by CARPE DIEM

Nobody else reported this, so let me be the first to belatedly wish the U.S. Economic Expansion a hearty “Happy Sixth Birthday”!
According to the Business Cycle Dating Committee of the National Bureau of Economic Research, “a trough in business activity occurred in the U.S. economy in November 2001. The trough marks the […]

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Submitted by CARPE DIEM

The top chart above is the ratio of all nonperforming loans to total loans, at all U.S. commercial banks, from 1988-2007 (third quarter). The bottom chart is the ratio of nonperforming commercial loans to total loans during the same period.
Both graphs reflect the relative health of the U.S. banking system through […]

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Submitted by CARPE DIEM
What do all of these problems and illneses have in common: asthma, childhood insomnia, dermatitis, suicide, floods, West Nile fever, landslides, food poising, cancer deaths, Lyme disease, wild fires, melanoma and the I-35W Minneapolis bridge collapse?
They are all supposedly caused by global warming. Check out the list of 600 things caused by […]

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Submitted by CARPE DIEM
NEW DELHI: The sub-prime crisis in the US may turn into a windfall for India’s outsourcing industry. According to consultants and BPO insiders, the new lending laws, being worked out in the US, will significantly increase outsourcing by American banks to India. These new laws will be fairly stringent and will require […]

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Submitted by unsettling economics
vi: “We have not succeeded in answering all our problems. The answers we have found only serve to raise a whole set of new questions. In some ways we feel we are as confused as ever, but we believe we are confused on a higher level and about more important […]

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Submitted by unsettling economics
Continuing with the discussion of elite universities, Business Week reports on the difference between elite universities and the rest. With massive endowments and donations from the wealthy, these schools can poach the most promising or famous faculty with bloated salaries, while Stanford can provide a nice stable for students to keep their […]

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Submitted by The Capital Spectator
Actually, it never left, even if it seemed otherwise. Perhaps it was hibernating for a few years. No longer. As November’s tally of mixed performance among the major asset classes shows, the prospect of throwing money at virtually anything and earning a tidy return suddenly looks conspicuous by its absence as […]

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Submitted by Econbrowser
And what would it mean if it had?
Over a year ago, I argued that Brad Delong was correct in asserting we wouldn’t know if we were in a recession until we were well into one. I also mentioned that I didn’t think we were in a recession at the time, largely because industrial […]

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Submitted by CARPE DIEM

BRUSSELS, Belgium: Unemployment in the 13 nations that use the euro fell to a new record low of 7.2% in October, the EU statistics agency Eurostat said Monday, as Europe’s recent growth spurt cut jobseeker queues that are the longest in the industrialized world.
The difference between the EU and USA?
In Europe, […]

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Submitted by CARPE DIEM
When people have to resort to words like “greed” or “exploitation,” it is hopeless to try to have a rational discussion with them.
~Thomas Sowell from his “Random Thoughts” column today
I would add “fair,” “fairness,” and especially “fair trade” to the list of words/terms that preclude rational thought and discussion.
Visit 1800blogger […]

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Submitted by CARPE DIEM
A taxpayer bailout of distressed homeowners would be expensive, unfair to the vast majority of homeowners and renters who have made prudent financial decisions, and set a troubling precedent that would invite reckless behavior in the future. What’s more, a bailout will not stop the inevitable correction in home prices, and is […]

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Submitted by CARPE DIEM

From Jessica Hagy’s Indexed Blog.
Visit 1800blogger to see all of our industry leading blogs.

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Submitted by CARPE DIEM

According to Motor Intelligence, light vehicle sales in November were 16.2 million unit on a seasonally-adjusted annual rate (SAAR), see chart above (click to enlarge). That exceeded the average estimate of 15.9 million in a survey of eight analysts and 12 economists.
Compared to October, sales on a SAAR basis increased by […]

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