Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
How big a hole is the U.S. daily newspaper industry in? We know the toll in newsroom jobs — about 20,000 lost in a little under a decade — and the fact that the industry as a whole took in about $26 billion less in 2014 than it did a decade earlier. We’re used to,…
Here’s a basic rule of investing. When everyone is crowded into a trade, run the other way. That’s what we have right now with the U.S. dollar DXY, +1.05% . A crowded trade. It is hard to find anyone who isn’t bullish on the dollar. So it makes sense to bet the other way. You…
END ID=”RES378917634″ CLASS=”BUCKETWRAP STATICHTML” We bet against this. Quoctrung Bui/NPR hide caption itoggle caption Quoctrung Bui/NPR We bet against this. Quoctrung Bui/NPR If you own a house, stock, bonds, or a retirement account, you’re betting that things are going to get better — that the lines on the chart will keep going up. Historically, this…
ECB QE launch boosts European debt, stocks and pummels euro By Marius Zaharia LONDON Thu Jan 22, 2015 3:26pm GMT A trader reacts in front of the German DAX Index board at the Frankfurt stock exchange January 22, 2015. Credit: Reuters/Ralph Orlowski LONDON (Reuters) – European government borrowing rates plummeted to record lows, the…
Photo A convention for fast-food workers last July in Addison, Ill., called for higher minimum wages. Credit Nathan Weber for The New York Times close shareTools All eyes are on wages. For workers who have faced six years of stagnant pay, Federal Reserve officials trying to decide when they can safely raise interest rates, or…
Who Pays? 5th Edition Read the Report in PDF Contents: Executive Summary Introduction The 10 Most Regressive State & Local Tax Systems The Least Regressive State & Local Tax Systems The Kind of Tax Matters Income Taxes Sales & Excise Taxes Property Taxes Low Taxes or Just Regressive Taxes? The Economic Case for Tax Fairness…
article start Seven years after the recession began, only one in 50 U.S. counties has fully bounced back, according to a study the National Association of Counties released Monday. The 2014 County Economic Tracker shows that 65 of the nation’s 3,069 counties have met or surpassed prerecession levels in four measured categories: jobs, unemployment rate,…
Today’s jobs report, while overall very strong, showed a slight tick down in the labor force participation rate, from 62.8% last month to 62.7% this month. It’s now at the lowest rate since 1978. Why the participation rate has fallen so much is one of the most hotly debated questions in economics. On the one…
Much like our own recent housing crisis, the European financial mess is unfolding in a foreign language. It is the lingua franca of financial obscurity — “sovereign credit spreads” and other terms that most people don’t need, or care, to know. Yet the bottom line is simple: Europe’s problems are a lot like ours, only…