[h=1]New study finds that Dodd-Frank has promoted industry consolidation and killed community banks[/h]
http://www.hks.harvard.edu/centers/mrcbg/publications/awp/awp37
Dodd-Frank was a bunch of "really smart people" making good decisions for America.
http://www.hks.harvard.edu/centers/mrcbg/publications/awp/awp37
Dodd-Frank was a bunch of "really smart people" making good decisions for America.
Since the end of the last recession, in June 2009, the unemployment rate has appeared to drop from 9.5 percent to 5.4 percent. But the entire drop came from declining labor force participation. None came from the faster-than-population-growth job growth that is expected and required of an economic recovery.
Sad but true:
[h=2]Most Americans believe the housing crisis isn't over[/h]
Sixty-one percent of the 1,401 adults interviewed said the US is "still in the middle" (41 percent) or that "the worst is yet to come" (20 percent) in the housing crisis. Thirty-five percent believe the crisis is "pretty much over"; 4 percent responded they were unsure.
[h=2]Most Americans believe the housing crisis isn't over[/h]
Sixty-one percent of the 1,401 adults interviewed said the US is "still in the middle" (41 percent) or that "the worst is yet to come" (20 percent) in the housing crisis. Thirty-five percent believe the crisis is "pretty much over"; 4 percent responded they were unsure.
From the hard-right CNBC...
http://www.cnbc.com/id/102748599?utm_source=dlvr.it&utm_medium=twitter
Everyone complains about taxes. But millions of American households apparently are doing something about it: Picking up and moving.
A CNBC analysis of tax data and figures provided by two major national moving companies shows that states with the highest per-capita taxes, for the most part, are also seeing the biggest net migration out of those states.
- - - -
Wait, what? You mean there is a connection between those two? Shocking.
One reason California isn't the runaway leader on this list is because for every one family that moves out, several will move into the inner cities and keep the numbers disproportionate.
I'm genuinely shocked CNBC reported on this. I thought they've been telling us for years how wonderful it is in the states with the highest taxes.
http://www.cnbc.com/id/102748599?utm_source=dlvr.it&utm_medium=twitter
Everyone complains about taxes. But millions of American households apparently are doing something about it: Picking up and moving.
A CNBC analysis of tax data and figures provided by two major national moving companies shows that states with the highest per-capita taxes, for the most part, are also seeing the biggest net migration out of those states.
- - - -
Wait, what? You mean there is a connection between those two? Shocking.
One reason California isn't the runaway leader on this list is because for every one family that moves out, several will move into the inner cities and keep the numbers disproportionate.
I'm genuinely shocked CNBC reported on this. I thought they've been telling us for years how wonderful it is in the states with the highest taxes.
[h=1]Bad Math and a Coming Public Pension Crisis[/h]
As for the pension system, Mr. Sharpe’s successor changed the mortality projections, and La Grange’s required minimum pension contribution increased by 20 percent. More increases are coming, but the city has tax caps and cannot catch up quickly without cutting other services.
Mr. Palermo fears it’s too late. “It’s probably beyond repair,” he said. “We’re at the point where we’re just managing the decline.”
=====
^ They're talking about Illinois of course.
As for the pension system, Mr. Sharpe’s successor changed the mortality projections, and La Grange’s required minimum pension contribution increased by 20 percent. More increases are coming, but the city has tax caps and cannot catch up quickly without cutting other services.
Mr. Palermo fears it’s too late. “It’s probably beyond repair,” he said. “We’re at the point where we’re just managing the decline.”
=====
^ They're talking about Illinois of course.
[h=1]Nasdaq notches another record close[/h]
Adam Shell, USA TODAY5:02 p.m. EDT July 20, 2015
USA TODAY's Matt Krantz takes a look at the slew of companies due to report earnings this week in this edition of America's Markets.
(Photo: Spencer Platt, Getty Images)
Stocks climbed Monday as the Nasdaq composite notched a new closing high and the S&P 500 came close amid a stream of good earnings reports and the situation in Greece becoming less dire.
The Nasdaq ended at 5218.86, a record close on a gain of points, or 0.2%, for the day. This followed last week’s record-setting run, powered in large part by strong earnings from bellwethers like Google (GOOG) that sent the Nasdaq to a record high on Friday.
The Standard & Poor's 500 index settled for a 0.1% gain after earlier topping its May 21 record close of 2130.82. It finished the day about two and a half points shy of that mark.
Also finishing up 0.1% was the Dow Jones industrial average, now at 18,100.41.
STOCKS: Live markets blog
The new week on Wall Street is all about earnings, with 126 companies in the Standard & Poor’s 500-stock index reporting second quarter results. Before today’s opening bell, the positive earnings story continued with Wall Street bank Morgan Stanley (MS) and aviation giant Lockheed Martin (LMT) topping expectations, building on last week’s good start to the reporting season and Google’s big beat on Friday.
USA TODAY
Morgan Stanley posts $1.8B profit in Q2
“The earnings season gets into full swing this week,” says Citigroup’s Manish Somaiya. “So far the second quarter earnings season has been off to a relatively strong start.”
Through the close of trading on Friday, of the 60 companies in the S&P 500 that have reported earnings, 72% have topped forecasts, better than the long-term “beat” average of 63%, according to earnings tracker Thomson Reuters.
After today’s closing bell, IBM reports. Later this week Wall Street will analyze reports from Apple (AAPL), Microsoft (MSFT), Yahoo (YHOO), Chipotle (CMG), Boeing (BA), Coca-Cola (KO), Caterpillar (CAT), Amazon.com (AMZN), AT&T (T) and General Motors (GM).
Wall Street will also be watching Greece again, where the situation appears to be stabilizing after a third bailout deal with creditors was struck last week and bridge loans arranged. Greek banks reopened today after being shuttered for three weeks, but daily and weekly withdrawal limits remain in place. Greece, with the help of a bridge loan, is also said to have made a key debt payment due today to the European Central Bank.
Stocks have regained their mojo as major risks, such as the Greek debt crisis and a sharp slowdown in China’s economy, have eased in recent days amid a deal between Athens and its creditors and a rebound in Chinese stock prices as well as the Chinese government reporting economic growth of a still-solid 7% last quarter.
“The fear rush has been wiped out,” Paul Hickey, co-founder of Bespoke Investment Group told clients in a research note released after Friday’s market close.
Gold prices fell for an eighth straight session, falling to a fresh five-year low of $1.080 an ounce in early trading.
Adam Shell, USA TODAY5:02 p.m. EDT July 20, 2015
USA TODAY's Matt Krantz takes a look at the slew of companies due to report earnings this week in this edition of America's Markets.
(Photo: Spencer Platt, Getty Images)
50CONNECT
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Stocks climbed Monday as the Nasdaq composite notched a new closing high and the S&P 500 came close amid a stream of good earnings reports and the situation in Greece becoming less dire.
The Nasdaq ended at 5218.86, a record close on a gain of points, or 0.2%, for the day. This followed last week’s record-setting run, powered in large part by strong earnings from bellwethers like Google (GOOG) that sent the Nasdaq to a record high on Friday.
The Standard & Poor's 500 index settled for a 0.1% gain after earlier topping its May 21 record close of 2130.82. It finished the day about two and a half points shy of that mark.
Also finishing up 0.1% was the Dow Jones industrial average, now at 18,100.41.
STOCKS: Live markets blog
The new week on Wall Street is all about earnings, with 126 companies in the Standard & Poor’s 500-stock index reporting second quarter results. Before today’s opening bell, the positive earnings story continued with Wall Street bank Morgan Stanley (MS) and aviation giant Lockheed Martin (LMT) topping expectations, building on last week’s good start to the reporting season and Google’s big beat on Friday.
USA TODAY
Morgan Stanley posts $1.8B profit in Q2
“The earnings season gets into full swing this week,” says Citigroup’s Manish Somaiya. “So far the second quarter earnings season has been off to a relatively strong start.”
Through the close of trading on Friday, of the 60 companies in the S&P 500 that have reported earnings, 72% have topped forecasts, better than the long-term “beat” average of 63%, according to earnings tracker Thomson Reuters.
After today’s closing bell, IBM reports. Later this week Wall Street will analyze reports from Apple (AAPL), Microsoft (MSFT), Yahoo (YHOO), Chipotle (CMG), Boeing (BA), Coca-Cola (KO), Caterpillar (CAT), Amazon.com (AMZN), AT&T (T) and General Motors (GM).
Wall Street will also be watching Greece again, where the situation appears to be stabilizing after a third bailout deal with creditors was struck last week and bridge loans arranged. Greek banks reopened today after being shuttered for three weeks, but daily and weekly withdrawal limits remain in place. Greece, with the help of a bridge loan, is also said to have made a key debt payment due today to the European Central Bank.
Stocks have regained their mojo as major risks, such as the Greek debt crisis and a sharp slowdown in China’s economy, have eased in recent days amid a deal between Athens and its creditors and a rebound in Chinese stock prices as well as the Chinese government reporting economic growth of a still-solid 7% last quarter.
“The fear rush has been wiped out,” Paul Hickey, co-founder of Bespoke Investment Group told clients in a research note released after Friday’s market close.
Gold prices fell for an eighth straight session, falling to a fresh five-year low of $1.080 an ounce in early trading.
HA HA HA HA HA
HA HA HA HA HA
HA HA HA HA HA
HA HA HA HA HA
The sewer rat is posting about the NASDAQ while
[h=1]The Youth Unemployment Crisis Hits African-Americans Hardest[/h]
HA HA HA HA HA
HA HA HA HA HA
HA HA HA HA HA
The sewer rat is posting about the NASDAQ while
[h=1]The Youth Unemployment Crisis Hits African-Americans Hardest[/h]
guesser is posting about the stock market
[h=1]The Gains From the Economic Recovery Are Still Limited to the Top One Percent[/h]
[h=1]The Gains From the Economic Recovery Are Still Limited to the Top One Percent[/h]
I dunno how it is in other parts of the country but youth unemployment seems a little BS to me. I see hiring signs for menial jobs all the time at low-end food establishments, gas stations, coffee shops, etc...
Granted there are less of these places in bad areas so that is probably contributing to it on the minority end, but if you got a used Corolla and a little willpower you can find a job pretty fast seems like. Purely a regional, non-quantitative observation.
Granted there are less of these places in bad areas so that is probably contributing to it on the minority end, but if you got a used Corolla and a little willpower you can find a job pretty fast seems like. Purely a regional, non-quantitative observation.
Hey guesser, why don't you post about the stock market again?
[h=2]More U.S. Children Live In Poverty Now Than During the Recession[/h]
more than one in five American children, about 22%, were living in poverty in 2013. Data for 2014 are not yet available, but the report anticipates that the child poverty rate remains at an “unacceptably high [level].”
The figure for 2008 was 18%.
[h=2]More U.S. Children Live In Poverty Now Than During the Recession[/h]
more than one in five American children, about 22%, were living in poverty in 2013. Data for 2014 are not yet available, but the report anticipates that the child poverty rate remains at an “unacceptably high [level].”
The figure for 2008 was 18%.
I think this may be a factor.
On Labor Day 2013, Welfare Pays More Than Minimum-Wage Work In 35 States.
http://www.forbes.com/sites/theapot...ays-more-than-minimum-wage-work-in-35-states/
Hope & Change!
Americans between 18 and 34 are earning less today (after adjustment for inflation) than the same age group did in the past. A typical millennial averaged earnings of $33,883 (in 2013 dollars) between 2009 and 2013. That was down 9.3 percent (after adjustment for inflation) in just a decade and is the lowest since 1980.
Americans between 18 and 34 are earning less today (after adjustment for inflation) than the same age group did in the past. A typical millennial averaged earnings of $33,883 (in 2013 dollars) between 2009 and 2013. That was down 9.3 percent (after adjustment for inflation) in just a decade and is the lowest since 1980.
