March 29, 2017

Archives for July 2010


During the last 3 weeks, the 3 major companies involved with the BP oil disaster, Transocean, Halliburton, and BP, have all seen increases in their stock price. As of June 17th, each share of Transocean was $37.02 – now it’s at $51.88. Halliburton was trading at $26.25 – now it’s at $28.51. BP was trading […]

Gulf Fishery Closing Data

While 65% of the federal waters in the Gulf of Mexico remain open to fishing, as well as all state waters, the size of the closed portion of the Gulf has grown to 81,181 square miles – equivalent to 39,291,604 football fields.

DOJ Files Suit

This past Tuesday, the Department of Justice officially filed suit in U.S. District Court against Arizona’s controversial immigration law that was recently passed.  The law is not scheduled to take effect until July 29th, but now the question is if the state law will ever take effect.  Though it is not impossible for the lawsuit […]

Discouraged Workers

Even though the unemployment rate declined in June from 9.7% to 9.5% – do not interpret this statistic as an increase in jobs.  125,000 jobs were actually lost in June, reports the Department of Labor.  A modest increase in private employment buffered a 225,000 loss of temporary census employees.  So if jobs were actually lost, […]

Unemployment Edges Down

According to the Labor Department’s monthly report, the unemployment rate declined in June from 9.7% to 9.5%.

Post Stamp Anniversary

On this date in 1847, the first two US postage stamps were released in NYC.  One stamp featured Ben Franklin, while the other stamp featured George Washington.  Unused versions of these stamps in very fine condition are currently valued between $6,000 and $28,000.

Foreclosure Stats for May

According to RealtyTrac, a real estate company with a database of foreclosed homes that is updated twice daily, the average price of foreclosed home sales in May was $174,584 – 27% less than non-distressed home sales.  There were 322,920 foreclosed homes in May – down 3% since April.  Las Vegas and Miami had the most […]

‘A Whale’ Tries to Join Containment Effort

The A Whale is a vessel 3.5 football fields long and ten stories high.  The Taiwanese owners report the massive supertanker was modified for skimming operations after the explosion on the Deepwater Horizon platform and can process almost 20,000,000 gallons of oily water each day – the most in the world.  Though the A Whale […]