User: Hokie: Hokie's News Articles
U.S. Metro Economies
Income and Wage Gaps Across the US
August 2014
Some interesting, to me at least, info in here.
usmayors.org/metroeconomie...08/report.pdf
U.S. Metro Economies
Income and Wage Gaps Across the US
August 2014
Some interesting, to me at least, info in here.
Graphene has been discussed on the Slope before so I posted this.
Graphene: A wonder material - Roanoke Times: News
Graphene has been discussed on the Slope before so I posted this.
These Are The Main Financial Risks Of 2014 According To The US Treasury
These Are The Main Financial Risks Of 2014 According To The US T...
These Are The Main Financial Risks Of 2014 According To The US Treasury
http://www.zerohedge.com/sites/default/files/images/user5/imageroot...
SS-26 Stone Tactical Missle System
Russia Stations Tactical, Nuclear-Capable Missiles Along Polish Border
Russia Stations Tactical, Nuclear-Capable Missiles Along Polish...
Russia Stations Tactical, Nuclear-Capable Missiles Along Polish Border
Is War With China Inevitable?
Is War With China Inevitable? | Zero Hedge
Is War With China Inevitable?
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Here’s a cheerful thought as Congress remains deadlocked over the debt ceiling and the hours tick away toward default: Senator Ted Cruz (R-Tex.), who basically forced the shutdown and whose own private polls have convinced him that...
Ted Cruz Could Force a Debt Default All by Himself - Businessweek
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Editorial response to October 7, 2013 article in Bloomberg Markets Magazine by David EvansThe October 7, 2013 Bloomberg Markets Magazine hit piece “How Investors Lose 89% of Gains from Futures Funds,” by David Evans, contains more...
Fleeced by a Fool — How Bloomberg Markets Magazine knowingly u...
Are we better off or worse off?
It’s a difficult question to answer five years after the bankruptcy of Lehman Brothers triggered a global financial meltdown th...
The Long Lehman Hangover, In Numbers | The Long Lehman Hangover,...
Are we better off or worse off?
It’s a difficult question to answer five years after the bankruptcy of Lehman...
1
While the Establishment survey data was ugly due to both the miss and the prior downward revisions in the NFP print, the real action was in the Household survey, where we find that the number of people not in the labor force rose by a...
Record 90.5 Million Out Of Labor Force As Half A Million Drop Ou...
2
Internet Traffic Plunges By 40% As Google Goes Dark For Five Minutes
Internet Traffic Plunges By 40% As Google Goes Dark For Five Min...
Internet Traffic Plunges By 40% As Google Goes Dark For Five Minutes
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Radioactive Water Leaking From Fukushima: Why Millions Of Lives Are At Stake
Radioactive Water Leaking From Fukushima: Why Millions Of Lives...
Radioactive Water Leaking From Fukushima: Why Millions Of Lives Are At Stake
By Phil IzzoFood-stamp use rose 2.4% in the U.S. in May from a year earlier, with more than 15% of the U.S. population receiving benefits. (See an interactive map with data on use since 1990.)One of the federal government’s biggest...
Food-Stamp Use Rises; Some 15% Get Benefits - Real Time Economic...
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Paul Krugman admits he doesn’t know much about the history of economic thought, and then goes on to prove it. ? If only he’d read some of Brad DeLong’s writings on Milton Friedman he might change his mind.To summarize, back in t...
TheMoneyIllusion » A future extended footnote kicks an economic giant
3
"In the anxious months after the Sept. 11 attacks, the National Security Agency began sending a steady stream of telephone numbers, e-mail addresses and names to the FBI in search of terrorists. The stream soon became a flood, requiri...
Timeline of NSA Domestic Spying | Electronic Frontier Foundation
Submitted by Michael Snyder of The Economic Collapse blog,40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To BelieveIf you know someone that actually believes that the U.S. economy is in good shape, just sho...
40 'Frightening' Facts On The Fall Of The US Economy | Zero Hedge
Yet another (one of the very few remaining) voice of reason calls it quits after 30 years of writing The Privateer, one of the best financial newsletters. At this rate there will be virtually nobody left to challenge the daily prop...
Bill Buckler Of "The Privateer" Calls It Quits | Zero Hedge
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http://www.zerohedge.com/sites/default/files/images/user5/imageroot...
The chart below, which is a time series showing the total "Gold Held by the US Treasury and the Federal Reserve" (which for all intents and purposes are interchangeable), demonstrates vividly the moment when the US government enacted...
What 40 Years Of Gold Confiscation By The US Government Looks Li...
With austerity supposedly destroying standards of living (that no real austerity has actually been implemented is a different matter entirely) across Europe's insolvent periphery, the only recourse said broke countries (here's looking...
Tales Of The Unexpected: Who Really Benefited From The Euro (Hin...
By Siobhan Hughes
WASHINGTON--The congressional tax battles reach a new stage next week when the U.S. Senate holds a test vote on whether and how far to extend the Bush tax cuts, which expire soon after the November elections.
T...
US Senate To Hold Test Vote Next Week on Extending Bush Tax Cuts...
Does QE Really Work? The Evidence To Date | ZeroHedge
Does QE Really Work? The Evidence To Date | ZeroHedge
Why Don’t the Corrupt Players On Wall Street and In D.C. Show Remorse for Their Destructive Actions … And Why Don’t We Stop Them?Many bankers, regulators and politicians have been caught in lie after lie and scandal after scanda...
Scandal After Scandal, Lie Upon Lie … What’s Going On? | The...
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Gordon Brown Sold Britain’s Gold at Artificially Low Prices to Bail Out a Large American BankThe Telegraph’s Thomas Pascoe reported Thursday:One decision stands out as downright bizarre, however: the sale of the majority of Britain?...
Governments Don’t Manipulate the Price of Gold … Do They? |...
CHICAGO/NEW YORK (Reuters) - More than $200 million in customer funds appears to be missing from the accounts of futures broker PFGBest, regulators said on Monday just hours after the firm's founder attempted suicide outside the company'...
Broker missing $220 million in client funds; founder attempts su...
By Jonathan Cable
LONDON |
Wed Jul 4, 2012 7:05pm EDT
LONDON (Reuters) - The Bank of England is expected to fire up its printing presses for a third round of economic stimulus later on Thursday just two month...
Bank of England to restart printing presses as outlook dims | Reuters
The following fascinating chart from Tableausoftware shows the history of US unemployment by state since 1976, and specifically the difference from historical averages. What the chart shows is that as more and more people have migrate...
The History Of US Unemployment By State, And A Surprising Observati...
What will the Supreme Court's health-care ruling mean for me?
Click on the tabs below to see how the three most talked about scenarios could affect you.
What will the Supreme Court's health-care ruling mean for me? -...
What will the Supreme Court's health-care ruling mean for me?
Click on the tabs below to see how the three most t...
Last year, during his best three-month stretch, Jordan Golson sold about $750,000 worth of computers and gadgets at the Store in Salem, N.H. It was a performance that might have called for a bottle of Champagne — if that were a luxury...
Apple Stores’ Army, Long on Loyalty but Short on Pay - NYTimes.com
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Gilles Sabrie for The New York Times
Coal stockpiled at Qinhuangdao port, one of the largest coal storage areas in China, reached 9.5 million tons this month.
HONG KONG — As the Chinese economy continues to sputter, prominent...
Chinese Data Said to Be Manipulated, Understating Slowdown - NYT...
Who Destroyed The Middle Class? (Part 1)
Guest Post: Who Destroyed The Middle Class? (Part 1) | ZeroHedge
Who Destroyed The Middle Class? (Part 1)
Looking back at the past of human history, debt crises, defaults, financial "haircuts" and debt restructuring are cases proved as old as public borrowing. The first recorded debt default can be traced back to ancient Greece in 454 BC,...
The financial "haircuts" worldwide from 1970 to present - Interacti...
By Joseph Menn
Sun Jun 17, 2012 8:08am EDT
(Reuters) - Frustrated by their inability to stop sophisticated hacking attacks or use the law to punish their assailants, an increasing number of U.S. companies are taking r...
Hacked companies fight back with controversial steps | Reuters
by CalculatedRisk on 6/08/2012 08:30:00 AMThe Department of Commerce reported: [T]otal April exports of $182.9 billion and imports of $233.0 billion resulted in a goods and services deficit of $50.1 billion, down from $52.6 billion in...
Calculated Risk: Trade Deficit declines in April to $50.1 Billion
http://www.ritholtz.com/blog/wp-content/uploads/2012/06/WO-AK023B_G...
Efforts to increase and improve regulation of Wall Street have bogged down, according to , the former chairwoman of the Federal Deposit Insurance Corporation. On Wednesday, she will announce a new group, the Systemic Risk Council, tha...
New Systemic Risk Council to Press for Stricter Financial Regulatio...
Bloomberg reports Oil Tankers Squeezed as Rates Drop to Lowest Since ’97.
Aframaxes, already this year’s worst- performing oil tankers, are poised for the lowest annual rates in at least 15 years as Europe’s economic stagnation cu...
Mish's Global Economic Trend Analysis: Oil Tanker Rates Lowest S...
How Star Wars tells you everything you need to know about the miserable U.S. recovery and the Federal Reserve that has failed to improve it.(Reuters/Lucasarts/Kasia Cieplak-von Baldegg)This may not be our darkest hour, but the disappoint...
Business - Matthew O'Brien - Save Us, Ben Bernanke, You're Our O...
http://www.ritholtz.com/blog/wp-content/uploads/2012/06/books05.png
Books Bought By Big Picture Readers (May 2012)
The Financial Times reports Greek right a hostage to its own failures.
On June 17, Stathis Potamitis, managing partner at an Athens law firm, plans to break a promise he has kept since his participation in a 1970s clandestine student...
Mish's Global Economic Trend Analysis: "Terror-Mongering" in Gre...
Germany and Spain are both digging in their heels. Courtesy of el Economista and Google Translate, please consider Germany pressed for Spain to resort to bailout fund.
German Finance Minister, Wolfgang Schäuble, have pressured the Sp...
Mish's Global Economic Trend Analysis: German Finance Minister P...
First Deflation, Then Inflation. But the Timing…?John MauldinJune 2, 2012US Unemployment Turns Back SouthA Synchronized Global SlowdownWhy Would You Buy a Bond with Negative Interest?First Deflation, Then InflationNew York, Madrid,...
First Deflation, Then Inflation. But the Timing…? | The Big Picture
Robert Zoellick: 'Far from clear leaders ready for impending catastrophe'Raft of dismal news from around world wreaked havoc on marketManufacturing output crashed in Britain, jobless up in Europe and U.S.Fast-emerging economies such a...
'Markets are facing a rerun of the Great Panic of 2008': Head of...
HOUSEHOLD DATATable A-15. Alternative measures of labor underutilization
[Percent]
Measure
Not seasonally adjusted
Seasonally adjusted
May2011
Apr.2012
May2012
May2011
Jan.2012
Feb.2012
Mar.2012
Apr.2012
May2012...
Table A-15. Alternative measures of labor underutilization
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by CalculatedRisk on 6/01/2012 07:02:00 PMThis is worth mentioning, from earlier today: The BEA released the Personal Income and Outlays report for April: Personal income increased $31.7 billion, or 0.2 percent ... in April, according...
Calculated Risk: Personal Income increased 0.2% in April, Spendi...
Succinct summation of week’s events:Positives:1) Gasoline prices fall another .04 on the week to $3.61, according to AAA, the cheapest since Feb.2) The Fed’s now preferred inflation figure, the PCE price deflator (instead of CPI),...
Succinct Summation of Week’s Events (6.1.12) | The Big Picture
Quick Notes About the Unemployment Rate
US Unemployment Rate rose .1 to 8.2%
?
In the last year, the civilian population rose by 3,653,000. Yet the labor force only rose by 1,307,000. Those not in the labor force rose by 2,345,...
Mish's Global Economic Trend Analysis: Another Payroll Disaster:...
George Orlwell coined the term doublethink in his classic book 1984. Doublethink is the power of holding two contradictory beliefs in one's mind simultaneously, and accepting both of them.Have you listened to the conflicted beliefs co...
Mish's Global Economic Trend Analysis: Edge of a Precipice; Doub...
The latest word of the day is the already approved, then denied, then tabled plan to implement hispabonos was dropped from discussion Friday's cabinet meeting according to La Vangauardia.
The approval of so-called hispabonos, which wi...
Mish's Global Economic Trend Analysis: Hyperbolic Selloff Coming...
Every month Doug Short at Advisor Perspective writes an excellent report on GDP. With today's release of the Q1 GDP Second Estimate, Doug Short has a new column worth a good look: Will the "Real" GDP Please Stand Up? (The Deflator Ma...
Mish's Global Economic Trend Analysis: GDP, Real GDP, and Shadowsta...
Here is a note regarding capital flight in Spain and Greece that I received via email.Capital flight has intensified to record levels in Spain but interestingly leveled off in Greece. Capital flight from Greece is expected to resume w...
Mish's Global Economic Trend Analysis: Capital Flight Intensifie...
Retail sales in France, Italy, and the eurozone as a whole hit the skids according to Markit. Retail sales in Germany were positive, but barely.Steepest Decline in French HistoryFurther sharp fall in French retail sales during May
Key...
Mish's Global Economic Trend Analysis: Eurozone Retail Sales Cra...
Tonight begins what we suspect will be the busiest 48 hours in the history of economics.Thanks to the shortened week, and just generally the scheduling of events, what starts tonight is going to be epic.We're just going to run through...
The Busiest 48 Hours In The History Of Economics - Business Insider
Interest rates on the 10-Year Spanish bond touched 6.7% today after the ECB shot down prime Minister Mariano Rajoy's Ponzi plan to recapitalize banks.The Spanish banking condition is in such precarious shape that Matthew Lynn of Strategy...
Mish's Global Economic Trend Analysis: Spexit Before Grexit? Six...
High school and college kids typically get the jobs that are left over, that no one else really wants, such as working at McDonalds.However, competition for any job is no so intense, that teens cannot find any job that no one else wan...
Mish's Global Economic Trend Analysis: Competition for McJobs Hi...
2
Hundreds of thousands of out-of-work Americans are receiving their final unemployment checks sooner than they expected, even though Congress renewed extended benefits until the end of the year.
The checks are stopping for th...
Extended Federal Unemployment Benefits Begin to Wind Down - NYTi...
Greek banks have been shut off from regular ECB liquidity operations due to lack of sufficient collateral. Today the Banks have that collateral thanks to a disbursement of funds from the EFSF which in turn will be used as collateral f...
Mish's Global Economic Trend Analysis: Ponzi Financing in Greece...
by CalculatedRisk on 5/21/2012 04:45:00 PMLPS released their First Look report for April today. LPS reported that the percent of loans delinquent increased slightly in April from March, and declined year-over-year. The percent of lo...
Calculated Risk: LPS: Mortgage delinquencies increased slightly...
By Phil Izzo49.1%: Percent of the population that lives in a household where at least one member received some type of government benefit in the first quarter of 2011.Cutting government spending is no easy task, and it’s made more c...
Number of the Week: Half of U.S. Lives in Household Getting Bene...
1
Lucas Papademos, the ex-technocrat prime minister of Greece says public finances face collapse.
Greece’s public finances could collapse as early as next month, leaving salaries and pensions unpaid unless a stable government emerges...
Mish's Global Economic Trend Analysis: Greece Public Finances Fa...
A spokesman for Euler Hermes, Bettina Sattler, told Bloomberg: "The
outcome of the new elections in June remains highly uncertain. Consequently,
the situation is further deteriorating. The risk of Greece exiting the
eurozone...
Lloyd's of London preparing for euro collapse - Telegraph
2
It was last November, and Mr. Weinstein, a wunderkind of the New York hedge fund world, had spied something strange across the Atlantic. In an obscure corner of the financial markets, prices seemed out of whack. It didn’t make sense...
How Boaz Weinstein and Hedge Funds Outsmarted JPMorgan - NYTimes.com
Reuters – U.S. lets China bypass Wall Street for Treasury ordersChina can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with...
A Closer Look at Chinese Purchases of US Treasuries | The Big Picture
SkyNet Wars: Presenting The Rogue Algo Responsible For FaceBook's Downfall
SkyNet Wars: Presenting The Rogue Algo Responsible For FaceBook'...
SkyNet Wars: Presenting The Rogue Algo Responsible For FaceBook's Downfall
100 Million Americans Without JobsThe national unemployment rate gets lots of attention, and late...
100 Million Americans Without Jobs | Crossing Wall Street
Bears Fire Warning Shot Across the (S&P) Bow
Bears Fire Warning Shot Across The (S&P) Bow | Markets | Minyanvill...
Lombard Street Research has provided a handy flowchart of the options ahead for the eurozone. After the election on 17 June, all the possible outcomes are considered, including austerity, referendum, euro exit and contagion
Greek euro exit flowchart: what happens next | Business | guardi...
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The Pollyannas who thought the European recession would be short, shallow, and contained to the periphery have another thing coming. All three ideas were downright silly as I have long stated.French Manufacturing PMI Plunges to 44.4,...
Mish's Global Economic Trend Analysis: Containment Theory Blows...
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After repeated denials of the creation of a combined "bad bank", Spain's economy minister Luis de Guindos is discussing creation a public body merging all the smaller bad banks into one gigantic bad bank, equivalent to 20% of the enti...
Mish's Global Economic Trend Analysis: Spain Plans to Merge All...
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Markit Reports Eurozone PMI Suffers Worst Downturn Since Mid-2009
Flash Eurozone PMI
Composite Output Index at 45.9 (46.7 in April). 35-month low.
Flash Eurozone Services PMI Activity Index at 46.5 (46.9 in April). 7-month low.
Flash...
Mish's Global Economic Trend Analysis: Eurozone PMI Disaster - W...
by CalculatedRisk on 5/24/2012 08:30:00 AMThe DOL reports:In the week ending May 19, the advance figure for seasonally adjusted initial claims was 370,000, a decrease of 2,000 from the previous week's revised figure of 372,000. The 4-...
Calculated Risk: Weekly Initial Unemployment Claims essentially...
What History Tells Us about a Potential Greek Exit
What History Tells Us about a Potential Greek Exit | Futures Cha...
What History Tells Us about a Potential Greek Exit
Great graphic from the FT:Click for interactive chart:Source: FT.com
What Happens When A Country Defaults | The Big Picture
By Katie Martin and Laura ClarkeThe prospect of Greece leaving the euro is the only thing anyone is talking about in the markets at the moment. It even has its own nickname: Grexit.Nothing is certain here; Greece may or may not leave,...
Economists React: What Happens If Greece Leaves Euro Zone? - Rea...
By Matthias Sobolewski
BERLIN |
Wed May 23, 2012 8:07am EDT
BERLIN (Reuters) - An external consulting firm charged with evaluating the structure of Europe's new permanent rescue facility has raised questions...
Exclusive: New euro bailout fund may not have sufficient staff |...