Violent Crime Rocketing Upward in America
There is a chilling, frightening trend going on in America that has not been seen since the 1970s. After a brief 14 years, the crime momentum in America is on the upswing again. Its causes are still...
View Article2006 Near Its Tragic End and Violent Crime is Leading Us into 2007
Crime is again trying to hijack control of this country, but this is one hijacking that is even being ignored by the same people touting homeland security (i.e. Bush administration as you couldn't...
View ArticleThe Paradox of American Freedom and the 21st Century Crime Wave
Unlike my other two articles, which emphasized the heavy numbers, I hope to really sort of paint my perception of America and how we've come to understand the more malicious aspects of the world we...
View ArticleOn the Eve of Recession
In the late 1980s, America witnessed the "savings and loan" crisis, which buried the real estate market. From the grave, the real estate market tried to pull the US economy into the grave as well. And...
View ArticleThe Human Toll of Violence in America
These are the stories and the sad details of an escalating crisis of gun violence in the United Staes.
View ArticleOn the Eve of Recession (Part II)
Recent news on the economy suggests the White House's wet dream of making every American the owner of a house they can't afford is faltering ever more. Housing sales continue their precipitous collapse...
View ArticleHousing Recession Infecting the Service Sector
April added 88,000 jobs last month, but where were most of the jobs created? More over, where are the jobs being lost that are dampening this already anemic economy? Is the housing recession that was...
View ArticleGas Prices Surge Beyond $3.00 (UPDATED)
The price for regular, unleaded gasoline at a station near you is, more likely than not, above $3.00 a gallon, the highest in 26 years (when adjusted for inflation.) As a raw number, $3.07 a gallon is...
View ArticleProsperity Ending Without Prosperity: The Case for a Recession
With little fanfare and little exuberance during its reign, save its staunchest supporters who nevertheless dared not delve too deep into the less-than-stellar details, this period of economic growth...
View ArticleEconomy's Final Jolt Before A Downturn?
This is going to be a fairly short diary, mostly just to explain that the most updated data on economic growth for the 2nd Quarter of 2007 should be taken with a grain of salt——a very large grain of...
View ArticleJob Growth Borderline Recessionary
A preview of Friday's employment data for the United States economy shows job growth nearly flat for the months of July and August. ADP Employment Services suggested that only 38,000 jobs were created...
View ArticleSoft Landing Fails: BLS Reports Negative Job Growth (UPDATED)
The first batch of recessionary data has been released. The housing bust was converted into a recession sometime in the 31 days of August that divide July and September. A change of -4,000 jobs was...
View ArticleJapan Economy Recedes 1.2%; Global Economy in Trouble (UPDATED)
This will be pretty short, but Japan has announced that the economy there actually shrank in the second quarter. The Japanese government originally announced the economy grew. What's more is that this...
View ArticleViolence Spikes Second Year in Row; Worse than Expected
As if these times weren't already filled with enough white knuckle issues, from the cataclysmic Iraq to the flagging economy, the FBI tells us that violent crime continues to rise in the United States....
View ArticleDown for Economy, Up for Stocks
The news that have strung the days together this past week seem indicative of a housing recession that has deepened relentlessly. "Worse than expected" is a frequently written phrase these days, a...
View ArticleDown for Economy, Up for Stocks (REDUX)
Just as soon as I was sure the divergence of the stock markets and the economy had peaked, the DJIA pulls another fast one, smashing through record territory on Monday. Yet the data coming out show...
View ArticleHeadline Job Numbers Masking Downward Trend
So the cliche goes, there is good news and there is bad news. I really can't give you much of a choice here, so I'm giving the good news first in order to explain the bad news. The number of jobs...
View ArticleWelcome Back to the Summer Credit Crunch
If you haven't been trapped by the CNBC noise machine, you should be aware of the on-going credit crunch. After the Dow Jones Industrial originally peaked on July 19th, it began a steep descent that...
View ArticleIs It Really a 3.9% Economy?
The Commerce Department gave the stock market a very tasty Halloween treat today while friendly neighbor Ben Bernanke offered more candy later in the day. Allegedly, the economy grew at a 3.9% rate...
View ArticleThe 2007 Recession and the Overestimation of Employment Growth
You may want to set 15 minutes aside to read this whole thing through. The course of the economy is mysterious, as evident in the contradictory reports that we see week after week. Take, for instance,...
View ArticleLooking Down the Chasm of the Mortgage Fiasco
The ever deteriorating real estate market is gradually, patiently weeding its way through the economy. In my judgment, the slowness is becoming a consequence of the attempts by the central banks and...
View ArticleAmerica's Growing Labor Surplus; What This Recession Means For The Unemployed
Wizened by decades of deindustrialization and a slow acclamation to a declining standard of living, the American economy is once again finding itself staggering into recession, one that is certain to...
View ArticleSome Thoughts on Palin Speech and McCain
I spent the first few days reserving much judgment about Palin. I first became worried when she was introduced to the public by McCain last Friday when she apparently believed she could cherrypick her...
View ArticleCNN Poll: 60% of Americans believe "Depression is Likely"
These are not my words and not my numbers. These were fresh from the CNN news studio. The details of the poll's criteria go like this: Nearly six out of ten Americans believe another economic...
View ArticleLong-Term Unemployment Continues To Leap
In another clear sign that unemployment is devastating the economic landscape, half of America's unemployed have been unemployed for at least about three months (15 weeks or more), while a third of the...
View ArticleFor Mitt Romney, Blowing With The Wind on Climate Change
Last night, Mitt Romney--ever one to hem and haw his way into a promotion to President--doubled down on perhaps the most specious and hackneyed of 21st century Republican truisms: that our future is...
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