Archive for September 4th, 2010

L.A.’s Monument To Government Excess

This is one of those things that makes you want to cry. From the WSJ: At $578 million—or about $140,000 per student—the 24-acre Robert F. Kennedy Community Schools complex in mid-Wilshire is the most expensive school ever constructed in U.S. history. To put the price in context, this city’s Staples sports and entertainment center cost [...]

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A New Program To Attack Underwater Mortgages

The Obama administration is, if nothing else, persistent in its efforts to turn around the housing market. The WSJ has the details on the next tilt at windmills which they will roll out on Tuesday: The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners who owe more [...]

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Small Business On The Ropes

Here’s a little blurb from the NFIB that puts some perspective on the most recent employment report from the BLS: “Although the economy officially peaked in December 2007, small business owners were already shedding workers, reducing employment by an average of negative 0.04 employees per firm in 2007. In 2008, this rose to an average [...]

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Some See Recovery In The Employment Report

I’ll keep my comments about the August employment report mercifully short. I suspect you’ve already absorbed more information than you need. First, here’s the BLS short-form analysis: Nonfarm payroll employment changed little (-54,000) in August, and the unemployment rate was about unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment [...]

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