News
Streitfeld: Grim Housing Choice
Foreign - Fundamental
Nedeľa, 05 September 2010 23:30

by CalculatedRisk on 9/05/2010 07:18:00 PM

From David Streitfeld at the NY Times: Grim Housing Choice: Help Today’s Owners or Future Ones (ht Paul)

Over the last 18 months, the administration has rolled out just about every program it could think of to prop up the ailing housing market ... The goal was to stabilize the market until a resurgent economy created new households that demanded places to live.

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Schedule for Week of September 5th
Foreign - Fundamental
Nedeľa, 05 September 2010 23:30

by CalculatedRisk on 9/05/2010 04:45:00 PM

This will be a light week for economic data. The trade deficit for July on Thursday is probably the key release.

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Hooked on Prescription Drugs - Half of US Took at least One Prescription Drug in Previous Month
Foreign - Fundamental
Nedeľa, 05 September 2010 23:30

Here is an interesting article on Bloomberg regarding prescription drug usage. The study is from 2008. Please consider Prescription Drug Use Rose to Include Half of Americans in 2008.

Almost half of Americans took at least one prescription drug per month in 2008, an increase of 10 percent over the past decade, a U.S. study found.
One of every five children ages 11 or younger took at least one medication each month in 2008, led by asthma and allergy treatments, according to the survey released today by the U.S. Centers for Disease Control and Prevention. Among those ages 60 or older, 37 percent used five or more prescriptions per month.

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Sunday Funnies 2010-09-05 Voting Trends
Foreign - Fundamental
Nedeľa, 05 September 2010 23:30


Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

code_8_code
.
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Summary for Week ending Sept 4th
Foreign - Fundamental
Nedeľa, 05 September 2010 19:30

by CalculatedRisk on 9/05/2010 11:45:00 AM

It was a busy week ...

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Driver's License Facility, State Lawmakers Face Eviction Over Nonpayment of Bills by State of Illinois
Foreign - Fundamental
Nedeľa, 05 September 2010 19:30

The state of Illinois is sitting on $4 billion in unpaid bills. Some of that is to hospitals, some to schools, some of it is internal transfers, but a lot of it affects the lives of real people who need the money to pay their bills.
For example, please consider Libertyville driver's license facility may be evicted

Stephen Martin, whose family owns the Brookside shopping center on the 300 block of Peterson Road that houses the Secretary of State office, has sent a letter to state officials saying he wishes to terminate the lease agreement because of the long-overdue payments. Martin said the state owes him nearly $43,000 in back rent and expenses.

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More stories on the long term unemployed
Foreign - Fundamental
Nedeľa, 05 September 2010 15:30

by CalculatedRisk on 9/05/2010 09:02:00 AM

From Alana Semuels at the LA Times: For many unemployed workers, jobs aren't coming back. A few excerpts:

The U.S. safety net wasn't designed to withstand such a strain. The extent and duration of unemployment benefits vary by state, but 26 weeks is typical. Several federal extensions have increased that to 99 weeks in California and other hard-hit states.

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Dissolving Cities - Is this the Way Out?
Foreign - Fundamental
Nedeľa, 05 September 2010 11:30

Some cities in California are so bloated in debt and other problems they are considering dissolution. Mercury News asks is this The End of Half Moon Bay?

Between budget losses and lawsuit payments, Half Moon Bay's financials have become so dire that if a local sales tax measure doesn't pass this November, officials say they may have to disincorporate.
City leaders have been using the "D" word for a few weeks now as they try to persuade voters to pass Measure K, a one-cent sales tax increase that would help the city balance its budget with an extra infusion of $1.4 million per year for the next seven years.

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Another potential home seller chases the market down
Foreign - Fundamental
Nedeľa, 05 September 2010 07:30

by CalculatedRisk on 9/04/2010 11:26:00 PM

From Dina ElBoghdady at the WaPo: In struggling housing market, buyers and sellers are out of sync

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Unemployment Rate and Level of Education
Foreign - Fundamental
Sobota, 04 September 2010 23:30

by CalculatedRisk on 9/04/2010 05:41:00 PM

Another graph by request ...

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