Category Archives: Economy
The Decline of Per Capita Wealth
Yesterday was a momentous day. According to the State of World Population 2011, published by the United Nations Population Fund, it was the day world population topped 7 billion people. We find this to be momentous not just for the … Continue reading
The Way Out of Our Economic Mess
Something big is going on. You can just feel it. Unfortunately, the world’s two biggest clowns are on the case. On Monday, in between Wall Street’s 33 percent markdown of American Airlines’ stock, President Obama took a moment to markdown … Continue reading
Lurching Back into the Vicious Cycle of Recession
Last Friday the Commerce Department announced that private sector wages and government benefits both fell in August. The combination of these two undesirable data points resulted in the first monthly decline in overall personal income since October 2009. What this … Continue reading
China’s Return to Normal
The stock market watches Europe with intent hesitation. Up one day. Down the next. One day Europe’s on the verge of financial meltdown and stocks are in the cellar. The next day rumors of a big bailout have markets floating … Continue reading
