Average weekly work hours in the retail sector have fallen in the past 12 months.
But this is even as employment in the retail sector posted strong gains in the second half of last year, according to Paul Ashworth at Capital Economics.
Typically, the two move in tandem.
Ashworth writes that this can be attributed to a specific part of the Affordable Care Act (Obamacare). From the start of 2014, employers with more than 50 employees will [...]
January 27, 2013
Using only publicly available online information, a team of researchers from the Whitehead Institute showed that it is possible to discern the identities of people who have submitted personal genetic information to scientific studies, even when that information is supposedly stored anonymously. The findings were published in the journal Science.
“This is an important result that points out the potential for breaches of privacy in genomics studies,” says [...]
A hang-gliding instructor is accused of swallowing a memory card that may have recorded the lead-up to the moment a woman slipped to her death.
Pilot William Jon Orders, 50, was taking 27-year-old Lenami Godinez, from British Columbia, Canada, on her first flight when she became detached from the tandem ride and fell 300 metres out of the sky.
Orders was arrested on Sunday and is being held in custody until his court [...]
A daredevil centenarian has become the oldest person to take part in paragliding after taking to the sky aged 104.
Peggy McAlpine, who has two children, four grandchildren and two great-grandchildren, leapt from a 2,400ft peak in northern Cyprus.
She is now about to enter the Guinness Book of Records for the second time in five years as the oldest person to take part in the sport.
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Head for heights: Peggy McAlpine [...]
by The Economic Collapse
Today, there are protests all over America that are targeting “the one percent” and all of the wealth and power that they have accumulated. Unfortunately, many of the solutions that these protesters are advocating simply will not work and will not lead to less wealth inequality. To understand this, you have to understand how we got to this point. Over the past [...]
BY NICK TIMIRAOS
Home prices in some of the nation’s hardest-hit metro areas have fallen far below pre-bubble levels, stirring concerns that properties in those markets are undervalued.
In a recent analysis, real-estate firm Zillow Inc. studied the correlation between home prices and annual incomes over the 15-year period that ended in 2000, before home prices began to surge.
For decades, price-to-income levels have moved in tandem, [...]
ST. PETERSBURG, Russia (AP) — Russian President Dmitry Medvedev on Friday condemned the government’s heavy hand in the economy and the centralization of power at the Kremlin, comments seen as a challenge to the legacy of his powerful predecessor, Vladimir Putin.
Medvedev’s statements in a speech to investors at the annual St. Petersburg International Economic Forum were a strong indication that he wants to distance himself from Putin, Russia’s prime [...]
This morning the major stock market indexes are all coming under some selling pressure for the fourth consecutive trading day. There is one sector that is bucking the short term trend and it the highly popular transportation index. This morning the Dow Jones Transportation ETF(NYSE:IYT) is trading higher by 0.98 cents to $98.62 a share. The IYT made a new 52 week high just three trading days ago at $100.67 [...]
by Cullen Roche, SA
Joe Weisenthal of Business Insider posted a good rule of thumb yesterday that helps quantify the impact of rising oil prices on the US economy. He posts a note from Deutsche Bank that says:
According to our analysis, a $10 increase in oil prices translates into roughly a 25 cent increase in retail gasoline prices. Every one penny increase [...]
Just in case there is someone living in a cave who still doesn’t understand that the Fed’s one and only mandate (forget that crap about inflation and jobs) is to give everyone one last shove into the all in ponzi before the diarrhea hits the HVAC, here is David Rosenberg explaining, for the cheap seats, what the Fed’s terminal intent is.
The Fedâ€™s intent is [...]