Resource Depletion & Transportation News
Posted by admin on April 18, 2012 under Economic News | 
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A few months ago, the European Central Bank pulled out “the bazooka” and finally started acting as the lender of last resort to the continent’s ailing banks. Problem solved, no? No
Posted by admin on April 17, 2012 under Economic News | Comments are off for this article |
Feeling a little lighter in the wallet? According to the Federal Reserve , the collapse in housing values from their peak destroyed $7 trillion in paper wealth.
Posted by admin on April 13, 2012 under Economic News | Comments are off for this article |
Federal Reserve Board Vice Chair Janet Yellen’s speech Wednesday night is being interpreted as a sign that the central bank will keep interest rates very low for at least the next two years. She cited the ailing housing market, government cutbacks and potential shocks from overseas as the reasons.
Posted by admin on April 12, 2012 under Economic News | Comments are off for this article |
Am I the only one who was surprised to read in this morning’s newspaper that the Bill and Melinda Gates Foundation, the shining star of progressive Seattle’s non-profits, had been giving money to the ultra-conservative American Legislative Exchange Council (ALEC)? According to SourceWatch, “ALEC is not a lobby; it is not a front group
Posted by admin on April 10, 2012 under Economic News | Comments are off for this article |
Nearly every week, I get an email from a skilled American worker who can’t find work in the technology industries. Now comes a report, via the Wall Street Journal , that the government has received 25,600 petitions for H-1B skilled-worker visas since April 2. That’s a rate twice as high as that for all of April last year.
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It was interesting, in a driving-by-an-auto-accident way, to watch much of the mainstream media react to Friday’s low jobs numbers. Suddenly the recovery was off! In reality, nothing has changed
Posted by admin on April 6, 2012 under Economic News | Comments are off for this article |
Today’s report on March employment , showing that the economy added just 120,000 jobs, shows the fragile nature of the recovery. The latest number is less than half the average rate of 246,000 jobs added the previous three months. Economist Heidi Shierholz of the Economic Policy Institute said the unemployment rate falling one-tenth of a percent to 8.2 percent is “largely due to people dropping out of the labor force, not an increase in the share of the working-age population with jobs.” In addition, 120,000 barely keeps pace with the natural growth of the labor force
Posted by admin on April 5, 2012 under Economic News | Comments are off for this article |
The Seattle Mariners objections to a new arena in Sodo don’t add up when you consider that in downtown Phoenix the NBA Suns and MLB Diamondbacks play right across the street from each other, to use only one example from around the country.
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Mining, oil and gas exploration and utilities turned in the best nominal pay growth in the first quarter, according to the latest survey by Seattle-based PayScale . Sectors that had previously been lagging are finally turning up: Transportation and construction. Even though IT, engineering and science jobs were not top performers, they still remain strong overall
Posted by admin on April 4, 2012 under Economic News | Comments are off for this article |
As everyone knows, Jimmy Carter’s 1978 deregulation of the airline industry has led to lower fares and more choices for travelers. Oh, you thought Ronald Reagan did that! In fact, deregulation brought a host of troubles, too. While new players did emerge, such as People Express , they didn’t last
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