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Demonize the Homeless Long Enough and No One Will Notice You Moved Back Home

The Way We Live Now: At home. With Ma. And Pa. And the leaky basement pipes, and the laundry machine, and our broken dreams. And the jug we rent from the United Homeless Organization. It's a living, hey! Amirite?

Thanksgiving Dinner 2009: Over the Past Year, Turkey Outperformed Gold

The American Farm Bureau Federation has their own Thanksgiving tradition each year: the advocacy group informally prices out the cost of a traditional Thanksgiving dinner with all the trimmings, adding up the cost of the turkey, stuffing, sweet potatoes, rolls with butter, peas, cranberries, vegetables, pumpkin pie and beverages that would be enough to feed 10 people on the holiday. They've been doing this exercise regularly since 1986 and their data spanning from then through 2009 is...

Young Blacks Face Unemployment Rates More Than Triple the National Average

Unemployment for 16-24-year-old black men was 34.5 percent in October, as high as it was during the Great Depression, the Washington Post reports. Young black women face similarly bleak employment numbers: 24.5 percent of them currently do not have j...

As Black Friday Looms, Will Consumers Show Up?

Black Friday marks the unofficial start of the holiday shopping season, but retailers still aren’t sure how strong a showing consumers will make. New reports Monday didn’t paint an encouraging...

Consumer Confidence Rises 0.8% In November

Consumer Confidence increased slightly for November, up 0.8% from 48.7% in October. Here's the breakdown...

Warren Buffett, Stop Using My Credit Card!

I like Warren Buffett. I even wrote a book about the financial crisis contrasting his principles of prudent finance with recent excessive leverage, bad lending, and malfeasance (Dear Mr. Buffett). Buffett is not a regulator, an altruist, a consumer...

Has Buffett Lost His Mind?

In the article Berkshire + Burlington, I argued that Berkshire's (BRK.A) purchase of Burlington (BNI) was out of character and had little to do with value. It also seems clear that Burlington will raise Berkshire's risk profile. Some people t...

New Jobless Claims Unchanged

The number of newly laid-off workers seeking unemployment insurance was unchanged last week, remaining above the level that would indicate the economy is adding jobs. Still, new claims – which are considered a gauge of t...

What You Need To Know About Today's Unemployment Benefits Extension

If you're still struggling to find a job in the current economy, you'll be happy to know that this morning President Obama is expected to sign legislation to extend benefits for few more months. The New York Times has more info on how the extension will work, and who qualifies for it.

How Do We Predict Inflation?

Ken Houghton notes that playing with data is dangerous. Predicting the future tends to be easy. There are several ways to do it. First, you can predict that everything will grow as it did this...

Animated Unemployment Rates by County 2007-Present

Fascinating visualization of unemployment in the United States as it progresses over time, from January 2007 to Present. The animation is monthly by counties...

Axel Weber, Unplugged

European Central Bank watchers have been buzzing in recent months about Bundesbank President Axel Weber as one of the potential successors to Jean-Claude Trichet in 2011. Bundesbank President...

Goldman Sachs Says Sorry

"We participated in things that were clearly wrong and have reason to regret," said Goldman Sachs’ Lloyd Blankfein. "We apologize." Blankfein had told a British newspaper the other day that Goldman was doing “God’s work”...

Who Pays the Taxes in the USA ?

Nice infoporn via Mint, showing the breakdown by income level. To put this into context, as of 2007, the median annual household income rose 1.3% to $50,233.00 according to the Census...

Acellerating Earnings Growth

There were 3 stock from the earnings list reporting accelerating growth last week. As always, the price is graphed in black, price relative to SPX is blue, and EPS is red. The first is KGS, and...

J.P. Morgan’s Dimon Takes On Washington’s Big Bank Critics

J.P. Morgan Chase & Co. chairman and chief executive Jamie Dimon’s op-ed in the Washington Post Friday, which warns against the populist impulse to break up healthy big banks, illustrates how...

God to Goldman Sachs: You're Not Doing 'God's Work,' Joins Call for Protest at DC Headquarters

Sources close to God reported Thursday that the Supreme Being was angered at recent comments by Goldman Sachs CEO Lloyd Blankfein that's he's just a banker "doing God's work." Blankfein's comments, God and ot...

CNBC: Warren Buffett and Bill Gates Share Their 'Optimism' With Eager Columbia Business Students

Warren Buffett and Bill Gates answered questions from more than 700 cheering Columbia University students gathered in a campus auditorium for a 90-minute CNBC Town Hall event that will air at 9p ET tonight.

United Technologies to Buy GE's Security Business

To strengthen its own security operations, United Technologies Corp. will be buying General Electric Co.'s security business.

HP, 3COM Deal: All Eyes on Options Activity

Did someone get tipped off ahead of the HP/3COM deal announced yesterday? Options activity on Wednesday suggests that might be the case. Dow Jones’ Tennille Tracy reports: Just a few hundred contracts on 3Com usually change hands on a daily b...

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