Submitted by CARPE DIEM
 
The graph above was created using inflation-adjusted median household income data and average household size data (both from the Census Bureau), and was inspired by an article in today’s WSJ - “The Inequality Myth,” (see previous CD post here).
Economist Brad Schiller wrote:
The Census data originate from an annual survey of households. […]

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Submitted by The Capital Spectator
Markets correct, valuations become more attractive and expected returns rise. It’s no short cut to quick riches, but paying attention to valuation offers strategic-minded investors the opportunity to improve risk-adjusted returns compared to simply buying and holding.
Savvy investors have long preached no less. Graham and Dodd’s Security Analysis is the bible […]

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Submitted by CARPE DIEM
 
COLUMBIA, S.C. — On one side of the Atlantic Ocean, BMW says it will cut 7.5% of its work force over two years. On this side of the water, the company says it plans to increase production by more than 50% by 2012.
By building the cars in the U.S., BMW can save […]

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Submitted by CARPE DIEM
There has been a lot of concern lately about inflation, including a WSJ editorial today by Gerald O’Driscoll (former VP of the Dallas Fed) titled “Inflation Alert.” There have also been numerous comparisons recently of today’s inflationary environment to the inflation and stagflation of the 1970s, including in today’s WSJ.
What do the […]

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Submitted by CARPE DIEM
CHICAGO–McDonald’s Corp., the world’s largest restaurant company, said sales at locations open more than 13 months increased 12% in February, spurred by growth in Europe and Asia.
Comparable-store sales at U.S. outlets rose 8.3%, driven by strong performance from its breakfast, coffee and “everyday value” offerings. Sales in Europe advanced 15% while gaining […]

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Submitted by CARPE DIEM
Political Rhetoric: Class warfare is once again a campaign theme. The Democratic candidates are railing against the “tax cuts for the rich,” lamenting the stagnation of middle-class incomes, and decrying the deepening woes of the poor.
Both candidates portray America as a nation where the fruits of economic progress have been usurped by […]

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Submitted by CARPE DIEM
Arizona State University was the first major university to outsource its e-mail to Google in October 2006, and has seen over $1 million in savings.
Iowa State University is now the latest major university considering whether to outsource the university’s e-mail system to Google. University e-mail is expensive ($450,000 per year for Iowa […]

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Submitted by CARPE DIEM
 
This recent CD post featured a graph that showed that college tuition has increased about 2.5 times more than the CPI over the last 30 years, and has risen even much more than the price of oil. I posed the question: Where are the Congressional hearings on “tuition gouging” and “windfall university […]

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Submitted by CARPE DIEM
Click here.
(HT: Shakesville)
Visit 1800blogger to see all of our industry leading blogs.

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Submitted by CARPE DIEM
The fact that women are capable of contributing to the nation’s scientific and engineering enterprise but are impeded in doing so because of gender and racial/ethnic bias and outmoded ‘rules’ governing academic success is deeply troubling and embarrassing.
~ Report of the Committee on Maximizing the Potential of Women in Academic Science and […]

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Submitted by CARPE DIEM
What do ethanol and the subprime mortgage meltdown have in common? Each is a good reminder of that most powerful of unwritten decrees, the Law of Unintended Consequences - and of the all-too-frequent tendency of solutions imposed by the state to exacerbate the harms they were meant to solve.
Read more from Jeff […]

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