Archive for January 12th, 2009

Quote Of The Day

Those who survived the San Francisco earthquake said, “Thank God I’m still alive.” But, of course, those who died, their lives will never be the same again.                                                            Senator Barbara Boxer, (D. Calif)

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Job Hunting-Day 1

You put off the temptation to sleep in since you have no place to get to on time and bounce out ready to get the job hunting ordeal behind you quick. Follow the same regimen, same actions just a different setting. Check emails, see what transpired with the blog overnight, breeze through the RSS feeds [...]

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What Congress Plans To Do For Labor

The Democrats owe a lot to the labor unions and affiliated labor friendly organizations. They poured a lot of cash and manpower into the last election to good result. Now it’s payback time. Like it or not that’s the way it works. The current economic environment may cause some deferral of debt repayment. Protectionist measures [...]

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How Improving Productivity May Boost The Recovery

The Wall Street Journal Real Time Economics site is reporting some surprising productivity numbers. They report these by Presidential terms so don’t blame me for the context. It seems that during the Bush Presidency productivity grew at an annual rate of 2.6%, versus 2% during Clinton’s term and 1.6% under Reagan. Now we all know [...]

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Fannie Claims For Bogus IndyMac Loans Increase

Housing Wire is now reporting that Fannie Mae is trying to get $10 billion instead of the originally reported $1 billion from the FDIC. Fannie claims that IndyMac stuck them with this amount of fraudulent loans which the FDIC as the receiver is now liable for. You may recall that I previously cited this story [...]

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Why Do We Continue To Listen To Economists?

Yves Smith’s, Naked Capitalism blog, has quite a good post this morning about economists. She essentially asks why economists haven’t stepped forth and admitted that they were missing in action for most of the decade. She notes that none called attention to the dangerous practices and developments of the early part of this century and when things [...]

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