As forecasters become more certain about where Hurricane Sandy will reach shore, one research firm has increased its estimates of potential damage to up to 284,000 homes with an aggregate value of $88 billion.…
flickr / gsfcThe total value of these residential homes is over $80 billion. “Based on current forecasts, Sandy is likely to make landfall along the northeastern Atlantic coast early Monday,” said Dr. Howard Botts,…
The Reuter’s/University of Michigan’s consumer sentiment index has now been revised to a slightly lower level for October, but to a level that is still much better than trend over the prior months. In…
ThinkstockFriday brought the first preliminary reading of the gross domestic product for the third quarter of 2012. The Commerce Department reported that GDP rose by 2.0% in the third quarter. With the deflator or…
When Katrina devastated much of the Gulf coast and crushed New Orleans, several economists said the effects would hurt national gross domestic product. Economic activity in the region would slow, in some cases to…
Since the late 1970s, income inequality in the U.S. has grown by nearly 20%. The Great Recession has brought the disparity between the rich and the poor to the forefront of the news. The…
Hurricane Sandy became a more powerful storm than what the forecasters were expecting. Now it is looking as though Hurricane Sandy is another risk to the Northeast. The official path shows that the storm…
The Federal Reserve Bank of Kansas City has now released the October Manufacturing Survey and the survey revealed that its manufacturing activity declined slightly in October. It also said that producer expectations for future…
The Commerce Department is out with its report on durable goods orders for the month of September. We would caution that durable goods is one of the most volatile reports out there. The headline report…
Hurricane season is supposed to be just about over. The key here is “just about.” Tropical Storm Sandy has managed to become Hurricane Sandy this morning. The good news is that the projected storm…
A poll has been conducted by Harris Interactive for Principal Financial and the result indicate that business owners are unlikely to increase their spending despite business health improving. Today’s report is the Principal Financial…
The average senior graduating college in 2011 owed $26,600 in student debt, up 5% from the year before. According to a new report, published by higher education nonprofit The Institute for College Access &…
We have two separate reports showing mixed signals on the economic growth front. The Federal Reserve Bank of Philadelphia released its October Business Outlook Survey. This is the “Philly Fed,” according to Wall St.…
The problem is plain enough. Student debt continues to rise year after year. Many students with the debt will never repay it. Some set of organizations will be left with crippling losses. No one…
From a moral point of view, it is difficult to say whether the efforts of Greek unions to shut down the nation’s economy are ethical. From an economic viewpoint, it is not. Massive walkouts slow…