The Radford Free Press – Page 475 – All life is problem solving.

Economics / banking, Goldman Sachs, JP Morgan Chase /

Bank Profits: Fair Game For a Special Tax?

July 16, 2009

The record revenues and profits being reported by JP Morgan Chase and Goldman Sachs ought to have made you think a little about the nature of the banking industry. I applaud anyone’s ability to make profits – that’s why these folks are in business – but its a little unfair that they are doing so […]

Economics / unemployment /

Muddied Unemployment Data

July 16, 2009

This morning’s release of the claims for unemployment assistance are difficult to use as indicators of a trend. The good news is that both initial and continuing claims totals dropped from last week, with initial claims declining to 522,000, the lowest weekly point since January. The bad news is that this improvement probably is an […]

Economics / inflation, unemployment, wages /

Production, Inflation and Wages: More of the Same?

July 15, 2009

The data so far this week has simply added to the feeling that while things are getting worse less slowly, they are still a fair way off actual improvement. The data is sparse, so I won’t spend much time on it. Industrial production continues to decline, it fell another 0.4% in June. The decline is […]

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