Five Things: Jobless Turn In, Tune Out, and Drop Off as Benefits Expire Kevin Depew Jun 22, 2009 1:05 pm |
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Dollar Forecast Disarray Signals Volatility Hell in Emerging Market Trade - Bloomberg
Gotta hand it to the editors at Bloomberg for remaining true to their demographic - presumably, sophisticated professionals who work in financial markets - because I have no idea what that headline means.
Land Deals Help Builders Survive - WSJ
The biggest builders have held on largely due to favorable land deals, loan agreements and tax strategies, WSJ says. Lennar (LEN) and Toll Brothers (TOL) each sold $400 million of bonds in April, Ryland (RYL) $230 million worth.
Why the Fed Isn't Igniting Inflation - BusinesWeek
This is a secular, not a cyclical, behavioral shift: "Whether it's voluntary frugality or under the coercion of creditors, Americans have abruptly switched from living beyond their means to saving more and working down the debts they incurred during the bubble years."
Good Luck, Not Good Providence, Was at the Core of Happier Times - The Independent (UK)
James Stock and Mark Watson of the US National Bureau of Economic Research asked, "Has the business cycle changed and why?" Their conclusion: the reduction in economic volatility since the mid-1980s was largely due to "luck."
States Turning to Last Resorts in Budget Crisis - NYT
Check out Minyanville's slideshow on this topic, which appeared last Friday.
Economy Leads Some in New York Area to Scrap July 4 Fireworks - NYT
"With budget woes forcing many local governments to slash services and lay off workers, at least a dozen communities in the New York area have canceled their Independence Day fireworks."
Newscaster, Once Mocked, Now Casts Mock News - NYT
Eight years after leaving CNN as news anchor, Bobbie Battista has resurfaced as an anchor for Onion News Network, the online video arm of The Onion, the satirical newspaper.
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