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PrintThe Department of Labor reports unemployment (initial claims) statistics as follows.
“In the week ending Feb. 5, the advance figure for seasonally adjusted initial claims was 383,000, a decrease of 36,000 from the previous week’s revised figure of 419,000. The 4-week moving average was 415,500, a decrease of 16,000 from the previous week’s revised average of 431,500. ”
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PrintCheck out this infograph from Visual Economics.
The success stories of low budget films look tempting enough to invest in. However, don’t be fooled only a small fraction of low budget films make it big. I think we should see an infograph on the failure of low budget films, now I know that would be a never ending infograph haha.
Source: Visual Economics
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PrintAccording to the U.S. Census Bureau, the Center on Budget and Policy Priorities, 44 states and the District of Columbia are projecting shortfalls. Shortfalls are collectively estimated to reach $125 billion for 2012.
Click on Graphic for interactive data.
Sources:
The Wall Street Journal
U.S. Census Bureau (for revenue shortfalls), the Center on Budget and Policy Priorities (for budget gaps and spending cuts)
*State has a two-year budget
**Four states, Montana, North Dakota, Alaska and Arkansas, have not reported budget shortfalls in fiscal year 2011.
PrintCheck out this info graphic from Perceptual Edge. The graphic presents the outrageous spending and the cost of the Iraq war. Money wasted and added to our deficit.
Thoughts from Ritholtz “Whenever I hear a a congress critter discussing deficit spending, the first thing I do is check their vote on the Iraq war to see if they are legitimately concerned about deficits, or not. … You will find most of these born again deficit hawks are hypocritical partisan hacks . . .”
“Deficit hawk or Hypocrite? You decide:”
• Iraq War Resolution, Roll Call Vote – House (clerk.house.gov)
• Iraq War Resolution, Roll Call Vote – Senate (senate.gov)
Sources:
www.ritholtz.com/blog/2011/01/the-three-trillion-dollar-war-2/
Perceptual Edge
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The Best 25 Companies to work for are hiring, totaling about 137,000 available jobs.
Company Openings
1. Boston Consulting Group 2000
2. Wegmans Food Markets 2000
3. NetApp 2500
4. Edward Jones 890
5. Cisco 4591
6. Whole Foods Market 1800
7. Baptist Health South Florida 869
8. American Express 813
9. Intel 2900+
10. Mayo Clinic 800
11. Deloitte 3511
12. Adobe Systems 1000
13. Publix Super Markets 1590
14. Marriott International 4459
15. Microsoft 6338
16. PricewaterhouseCoopers 9144
17. Nordstrom 3663
18. Ernst & Young 10000
19. CarMax 1035
20. Booz Allen Hamilton 700
21. KPMG 5000
22. CH2M Hill 719
23. Darden Restaurants 3600
24. Starbucks 2000+
25. Accenture 64000
Source: www.cnnmoney.com
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PrintThe Department of Labor reports unemployment (initial claims) statistics as follows.
“In the week ending Nov. 20, the advance figure for seasonally adjusted initial claims was 407,000, a decrease of 34,000 from the previous week’s revised figure of 441,000. The 4-week moving average was 436,000, a decrease of 7,500 from the previous week’s revised average of 443,500.”
These figures are still high and continued job losses may still be on the horizon.
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PrintHere’s another visual showing the impact of having the Bush tax cuts expire. The only thing that seem to be agreed upon by both parties is making sure that the lower and middle class retain their cuts, what to do with the upper class seems to be up in the air. Congress has till December 31st to renew or let expire. If the tax cut expires, the new income tax rate will be pre 2001.
Source: cnn finance
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Has the market gone bear? Or is it just a bad week of news? Out of the last 7 trading days, 5 closed down. China and Europe concerns continue to drive the U.S. market down. The Dow has retreated more that 400 points since than and fallen below a psychological point “11000.” Emotional trading has reentered the markets and has taken hold.
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PrintSource: U.S. Census Bureau News
Here is a breakdown;
Sales fell 32.7% below the April 2010 and were off 18.3% below the May 2009.
• Median sales price decreased 9.6% from May 2009 to $200,900.
• Purchases dropped in all four U.S. regions last month.
• A record 53% sales drop occurred in the West.
• Supply of homes jumped to 8.5 month’s worth, up from 5.8 months in April.
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PrintCheck out this article, regarding Japans Bond problems!
Source: Bloomberg Business Week. Kan Plans May Require $76 Billion Japan Tax Rise
“June 16 (Bloomberg) — Japanese Prime Minister Naoto Kan may have to raise taxes by as much as 7 trillion yen ($76 billion) to fulfill his pledge to cap bond sales in coming years, according to an independent adviser to the government.
Kan has committed to holding new bond sales to 44.3 trillion yen through the year to March 2012. At the same time, his administration is considering an annual public-spending limit of 71 trillion yen over the coming three years, according to two government officials familiar with the deliberations.”