March 26, 2017

Archives for June 2010

Widows Express Frustration

Shelley Anderson and Natalie Roshto, whose husbands were killed in the April 20th explosion that began the Gulf of Mexico oil disaster, testified today before Congress.  They expressed frustration about an 1851 law (Section D) that sharply limits the compensation of their passed husbands to lost paychecks and funeral costs, due to them dying at […]

Dollar Gains on Pound

In the past 4 months, the US Dollar has gone from exchanging $1.63 for each British Pound to $1.50 a pound – gaining slightly.

Private Employment Report

The ADP released a report today about the status of private employment.  This report excludes government employees.  As the graph below illustrates, private employment grew 13,000 jobs, much less than the 60,000 estimate.  The average growth for 2010 has been a modest 34,000 per month.  The complete report is available here.  ADP notes, “Hiring for […]

Russian Rundown

10 individuals were arrested in US cities and 1 more was arrested in Cyprus. Russian Prime Minister Vladimir Putin confirmed the 11 individuals arrested are Russian citizens. The Russians were posing as ordinary US citizens – among the 11 is real estate agents, facebook accounts, and a graduate of Seton Hall with two master’s degrees. […]

Saving Trends

The table below, provided by the Department of Commerce, shows the data for gross saving from 1990-2009.  There are at least 3 major trends: Look at Personal Saving on Line 4 – the rate of 2009 is the highest and the 1st Quarter of 2010 is slightly below the 2009 pace. Look at Federal Government […]

Price of Used Cars Rise Highest

According to the Department of Labor’s June 17th report about the Consumer Price Index, the most dramatic shift within the past year has been the average cost of used cars and trucks – an increase of 16.2%. The CPI averages the cost of goods each month from 87 urban locations, 4,000 housing units, and over […]

Oil Containment Hindered

Even though Tropical Storm Alex has not veered from a Northern Mexico and South Texas course, it is currently 5 mph below a category one hurricane – causing waves throughout the Gulf of Mexico that range from 4-12 feet.  As a result, the Discover Enterprise and other vessels have not had to retreat to port, […]

McChrystal Bows Out

Stanley McChrystal, the recently resigned commander of the Afghanistan War, has decided to submit hit formal papers on Wednesday for retirement from the army.  McChrystal has faced heavy criticism following an interview with Rolling Stone.