Archive for July 29th, 2008
Posted in July 29th, 2008
Submitted by unsettling economics
Because of the Tim Donaghy gambling scandal, the NBA hired Army Maj. Gen. Ronald L. Johnson as senior vice president of refereeing operations. He is uniquely suited to the job because he was responsible for overseeing $18 billion of reconstruction in Iraq.
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Posted in July 29th, 2008
Submitted by Econbrowser
More evidence of significant changes in the behavior of American consumers.
Bloomberg reports:
U.S. motorists drove less for a seventh consecutive month in May, as vehicle-miles traveled on all U.S. roads fell 3.7 percent during the month from a year earlier, the Federal Highway Administration said in a report yesterday. The seven-month slide is the […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the Boston metropolitan area, do you have a profit or a loss? If you bought before February 2004 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case Shiller […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the Chicago metropolitan area, do you have a profit or a loss? If you bought before January 2005 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case Shiller […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the Atlanta metropolitan area, do you have a profit or a loss? If you bought before February 2005 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case Shiller […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the Tampa metropolitan area, do you have a profit or a loss? If you bought before January 2005 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case Shiller […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the Miami metropolitan area, do you have a profit or a loss? If you bought before September 2004 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case Shiller […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the Denver metropolitan area, do you have a profit or a loss? If you bought before May 2004 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case Shiller […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the San Francisco metropolitan area, do you have a profit or a loss? If you bought before March 2004 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the San Diego metropolitan area, do you have a profit or a loss? If you bought before September 2003 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the Los Angeles metropolitan area, do you have a profit or a loss? If you bought before April 2004 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
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This conclusion is based on inspection of the […]
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Posted in July 29th, 2008
Submitted by Businomics Blog
If you bought a home in the Phoenix metropolitan area, do you have a profit or a loss? If you bought before January 2005 then you probably have a profit. The average buyer who purchased a house after that month has a loss.
This conclusion is based on inspection of the S&P/Case Shiller […]
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Posted in July 29th, 2008
Submitted by The Capital Spectator
Redesigning indices that track securities and commodities markets opens new strategic doors. In theory, that is. Proving it in practice is something else. But if financial engineers can build better benchmarks, and index fund managers launch products tied to those indices, that raises the possibility of improving asset allocation by using […]
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Posted in July 29th, 2008
Submitted by A Dash of Insight
Returning from vacation, where (once again) we monitored markets and traded, but did not find time to write, we are struck by an overwhelming market consensus. The leading market pundits criticize government for not being “proactive.” There is overwhelming criticism of anything that can be labeled a “bailout.” When the […]
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Posted in July 29th, 2008
Submitted by unsettling economics
http://www.toomuchonline.org/weeklies2008/july2808.html
The Crime of the Century
Michael Perelman, The Confiscation of American Prosperity: From Right-Wing Extremism and Economic Ideology to the Next Great Depression. Palgrave Macmillan. 239 pp.
Economist Michael Perelman has written a whodunit about a heist, but not just any heist. His new book dissects the grandest bit of thievery in modern human […]
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Posted in July 29th, 2008
Submitted by unsettling economics
The New York Times has an article today about Tom Coburn, a right-wing, antiabortionist, ultraconservative, probably wingnut.
Coburn makes a practice of putting folds on legislation techniques that needs with this disapproval. Where was the Democratic senator who hold the spying bill or war funding?
I do not know if he has strong principles […]
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Posted in July 29th, 2008
Submitted by CARPE DIEM
Amtrak has reported that nationwide ridership was up 12% annually in June, when 2.5 million passengers rode.
Ridership on Amtrak’s Northeast corridor increased over 3.2% annually in June. A look at the most recent numbers for fiscal year 2008, which covers October through June, reveals an even sharper increase in ridership compared to […]
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Posted in July 29th, 2008
Submitted by CARPE DIEM
PARIS — French face prosecution for “insulting” civil servants.
Isn’t the problem that “civil servants” usually aren’t very “civil,” and they’re not very “servile?”
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Posted in July 29th, 2008
Submitted by CARPE DIEM
Some of the most emotionally powerful words are undefined, such as “social justice,” “a living wage,” “price gouging” or a “fragile” environment, for example. Such terms are especially valuable to politicians during an election year, for these terms can attract the votes of people who mean very different– and even mutually contradictory– […]
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Posted in July 29th, 2008
Submitted by CARPE DIEM
The Federal Highway Administration reported that travel during May 2008 on all roads and streets in the nation fell by -3.7% compared to the same month last year. May marks the seventh consectutive month of traffic volume decline compared to the same month in the previous year. Travel YTD through May in […]
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Posted in July 29th, 2008
Submitted by CARPE DIEM
In Zimbabwe, a 100 billion dollar Zimbabwe note isn’t even enough to buy a loaf of bread, and is equal to only about $1USD (see related CD post here). But on Ebay, the 100 billion Zimbabwe notes (pictured above) are selling for as much as $71, see completed Ebay auctions below:
Ebay Auction […]
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