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Terrible job report

Dec 5, 2008
This is much worse than expected. Employers cut 533,000 jobs in November. That's the most in 34 years. The unemployment rate is to 6.7%, a 15 year...

A bad job market getting worse

Dec 4, 2008
Peter Coy of Business Week is gloomy on the job outlook. I hope he's wrong, but I think he's right....

Long-term care insurance--Not?

Dec 3, 2008
The case for long-term care insurance is compelling. It's the product that is difficult to understand and evaluate. Now, the question is whether...

Smart thoughts on the bailout

Dec 3, 2008
Economist Oliver Hart of Harvard University and Luigi Zingales, professor of finance at the University of Chicago graduate school of business have...

College trouble ahead

Dec 3, 2008
The U.S. has long been an unequal society, but we always had strong upward mobility. Yet now the latest reserach suggests that we have less upward...

The recession is official

Dec 2, 2008
The recession has been offically dated back to December 2007. The average post World War 11 recession is 11 months, with the longest downturn 18...

For public good, not for profit.

Expected inflation?

Dec 2, 2008
Here's what the 10-year Treasury Inflation Protected Security is forecasting will be the expected inflation rate: 0.34%....

Iowa prediction market

Nov 21, 2008
Here's part of nthe press release from the Iowa electronic prediction market:...

Credit cards hiking rates and fees

Nov 21, 2008
The Wall Street Journal has a good story about credit card companies hiking rates and raising fees. The credit card business is ripe for reform....