Month: August 2018

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Job Jolt

08/06/2018

July’s net job growth of 157,000 was solid, especially considering the closure of Toys “R” Us, which resulted in 32,000 job losses in hobby and game stores. May and June were substantially revised up, the broadest measure of unemployment hit…

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Largest Lingos

08/03/2018

The Friday File: Looking only at native speakers, the most spoken language in the world is Chinese with 1.3 billion first-language speakers. A distant second is Spanish with almost 440 million speakers. English is third with 372 million native speakers,…

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Iranian Inflation

08/02/2018

At the beginning of 2018, one US dollar was worth about 41,000 Iranian rials. By the time President trump pulled the US out of the Iran Nuclear Deal, the exchange rate was 60,000 rials/dollar and now it is 120,000 rials/dollar.…

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Facebook Failure

08/01/2018

Last Thursday Facebook lost $119 billion, 19% of its market value, after predicting slowing revenue growth in the remainder of 2018. It was the largest one-day dollar decline for a US company ever, ahead of Intel’s $90 drop in 4/00.…

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