The Radford Free Press – Page 498 – All life is problem solving.

Failure of The Ideal

May 14, 2009

The past few weeks have been fraught on a number of fronts. Two of our most important industries: banking and auto making are decidedly sick. Unemployment is rising. Housing is still in the tank. Stores are having a hard time attracting customers. And the airwaves, news media, and blogosphere are all ablaze with experts, faux […]

Economics / consumption, deflation, GDP, imports, inventories, recession, retail sales, wages /

Green Shoots Update: Not Good

May 13, 2009

Well we didn’t have to wait too long before we were doused with some cold water: this morning’s release of April’s retail sales was a distinct downer. No only did sales fall by an unexpectedly large 0.4% in April, but March’s decline was widened to 1.3% form its original 1.2%. That April drop was about […]

Economics / health care, Medicare, retirement, Social Security /

Social Security and Medicare: Silly Season

May 13, 2009

One of the victims of this recession apparently is the media’s incapacity for sorting out what are longer term and therefore structural problems from those that are simply temporary and whose existence is co-terminus with the downturn itself. Yesterday’s New York Times provides us with a classic example. It contained a breathless article about the […]

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