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A traveling friend sent me an item clipped from a Georgia newspaper that reads, in its entirety: A woman said she noticed her purse missing from her car just before 5 P.M. Sunday. The car was parked at her residence on Hornet Drive. The woman said the car had been locked, and the purse was in the back seat. The purse was valued at $400, her wallet was valued at $200, and [...] Did middle-class incomes really decouple from overall economic growth in the mid-70s? If you look at median family income vs. GDP per capita, the answer is yes. From 1950 through 1975, both grew at about the same rate. After that, median family income grew quite a bit slower than GDP per capita. But wait! You need to make sure to calculate inflation the same way for both measures. And maybe GDP [...] The NIA, better known for cutting straight to the chase and not really mincing its words today focuses on the latest trillion + dollar bubble: that of US higher education, which is getting increasingly more funded directly by the US Government. “The National Inflation Association believes that the United States has a college education bubble that is set to burst beginning in mid-2011. This bursting bubble will have effects that [...] As I pointed out, the number in the workforce historically grows in May, this year it actually dropped – well, here is part of the reason why – the college and high school teens DID NOT make the workforce as the jobs were taken by “older” folks needing to grab something, anything – from CNBC: “Teens Face Worst Summer Job Market in 41 Years |
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