Wednesday, January 15, 2014

Economy

The US has dropped to 12th on the Heritage Foundation's index of economic freedom with a rating of 75.5. And we wonder why our economy sucks.

S&P 500 hits record high proving once again its divorced from our economy.

JC Penney and Macy's close stores and cut jobs. 

Claim that new machines, because they replace human judgment and cognition, are harming our economy. The same argument has been made about every technological revolution.

Over 11 million young users have abandoned Facebook. Smart. That's got to disappoint the CIA.

Unemployment crisis for young minorities.
"The critical issue here is that the ages of 16 to 24 are make or break years for lifelong earning potential. With one out four blacks and one out of six Latinos under the age of 25 without work, a generation of youth of color risks falling behind."
They can thank Obama.

Foreclosures are down in Ohio and locally.

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