Saturday, November 16, 2013

US production of oil exceeds the import of oil for the first time since 1994. This is either "Fracking" good news or bad news...

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Depends on your opinion of Fracking. The RED line represents imports of oil. The BLUE line represents domestic (US) production of oil. ...

List of the 50 Greatest Breakthroughs the world has seen and why they become insignificant as time passes.

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The Atlantic has compiled a terrific list of " The 50 Greatest Breakthroughs Since the Wheel ".  I encourage you to read the ar...
Friday, November 15, 2013

"Remittances" to Latin America are 8 times more than foreign aid to that region. That has to be good, right? But what the heck is a Remittance?

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An important topic we cover in AP Macroeconomics is "Balance of Payments". This is an accounting of the flow in the trade of goods...
Thursday, November 14, 2013

Even the SNAP ("Food Stamp") Program has a Wall Street Connection. Mind Blown...

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This from the Wall Street Journal Today:   "Wal-Mart estimates it rakes in about 18% of total U.S. outlays on food stamps, or about $...

Half of the Trade Deficit in September was from Oil Imports. Is this good thing? Bad thing? Or is just "a thing"?

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Below is a graph (which I modified for instructional purposes) from Calculated Risk. It shows the MONTHLY status (deficit or surplus) in ...
Tuesday, November 12, 2013

The phrase "Do you want fries with that?" will not be uttered by a human being in 10 years. It will just be a button on an order pad.

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When Businesses allocate their investment dollars (presumably from profits) one of the major things they look at is the price of labor rel...
Monday, November 11, 2013

How many foreign students study in the US? Where do they study? What do they study? All these questions I KNOW you have wondered about are answered HERE!!

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It is well known that the US offers some of the best higher education opportunities in the world. The latest report from the Institute of In...
Friday, November 8, 2013

Jobs report out today!! Still creating too many lower wage, lower benefit jobs relative to the whole. However, I DID find a bright spot...

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The latest jobs report is out (October 2103) .  About 204,000 jobs added in October (2013). It surpassed expectations. In the first graphic ...
Tuesday, November 5, 2013

Nice graphs showing trends in GDP and the Labor Markets...

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Here some valuable metrics that give some perspective on the state of the economy and its short and long(er) term prospects.  These are unus...
Wednesday, October 30, 2013

Micheal Bloomberg has a soul mate in North Dakota in his fight to rid the world of fat kids.

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I see NY Mayor Michael Bloomberg has a soul mate to help him rid the world of rotund people. A woman in Fargo, North Dakota, said in a ra...
Tuesday, October 29, 2013

If you like old pictures and ones that tell an economic story, then check this out!

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I love old pictures like this one (found HERE with others of early American time periods) for a lot of reasons, but since I am an economics ...
Saturday, October 26, 2013

Who owns the Federal Reserve Bank of the United States? Good question that is sort of answered here...

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Here is a nice primer from an independent source as to who (or what) "owns" the Federal Reserve Bank of the US ("The Fed...

Nice graphic on the rise of bottled water and the demise of soft drinks. However, one question remains unanswered...

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The NYTIMES has a nice article on the rise of bottled water use and the demise of soft drinks in the US. "...But bottled water is...
Wednesday, October 23, 2013

Wanna know the problem with our Federal Budget? Here is it as plain as I can make it plus my take on the solutions. Your welcome...

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The Christian Science Monitor has a terrific set of Budget and Debt graphs on its site today. Below is one I copied and modified to show ...
Tuesday, October 22, 2013

Are Multiple Job Holders "Crowding Out" new entrants or re-entrants into the job market? See the data for yourself and you tell me...

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The Bureau of Labor Statistics (BLS) keeps track of all kinds of employment data from the surveys they do to determine employment/unemployme...
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