Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/severe povery

Hurricane Sandy and choices for the future

…area six times in 1900-1990, resulting in severe coastal flooding, damage and destruction of beachfront property, severe beach erosion, downed power lines, power outages and disruption of normal transportation. When…

INDUSTRIAL PRODUCTION

…in utilities largely reflects the March rise in temperatures and fall in heating days as the weather returned to normal after the severe snow storms of February. Historically, recoveries have…

CPI

…after a recession. If the economy follows the normal pattern, the core CPI should continue to moderate for another year or two. The most severe source of higher prices was…

More on Industrial Production

…manufacturing profits are under severe downward pressure. So it is not just financial write offs that are causing estimates of S&P 500 earnings to be revised down sharply and firms…

Fire in Australia is about water

OSO and the fires in Australia. He does not live in the area in the news. quote: “…it is also possible that weather conditions were so severe and so unique…

Welfare Reform Not a Disaster ? Part II

…stopped paying attention, not noticing the following increase in severe poverty during the Bush non boom. Now we are in a severe recession. How is the reformed welfare system working…

THE GREAT MODERATION

…time firms reacted very quickly and liquidated the unwanted inventories before the problem became so severe it caused a recession rather then just a slowdown. The past year’s inventory correction…