Econ70
Marriage rates have been falling for decades, especially among the lower classes. It’s because lower class women tend to work but lower class men don’t. Thus, these women find no economic gain from marrying. As these trends work their way…
Read MoreGamblers bet more in ’11 than in ’10, the first increase since ’07. Through the first 11 months of ’11 revenues were up 2.3% to $32.6 billion. NV saw a rise of 2.8% to $10.7 billion but, the #2 casino…
Read MoreThe Friday File: The most costly dog in the world, a Tibetan Mastiff, was recently sold for $1.5 million. Usually that breed (the 7th most expensive) sells for between 2K and 7K. The 3rd most expensive breed, the Samoyed, can…
Read MoreThe deep recession in Greece and the milder one in Portugal don’t matter to the overall performance of the euro-zone, as they are less than 5% of the area. They are, proof that during a recession repeated government spending cuts…
Read MoreAccording to the Census Bureau, the number of people under 18 fell by 260,000 between 7/1/10 and 7/1/11. The last decline in the child population was in the 70s when the boomers were no longer teens but not yet adults.…
Read MoreValentine’s Day spending this year is expected to reach an all-time high of $17.6 billion. Among the 140 million Americans planning to celebrate, average spending will be $126.03, up 8.5% over last year. The average male will spend $168.74 the…
Read MoreThe combination of high agricultural land values, competition for land from corn, soybeans and other crops, severe drought, the high price of feed and surging exports have raised live cattle prices to a record $1.26 per pound. Yet, farmers continue…
Read MoreThe Friday File: Economists find that an underdog tennis player is more likely to win if the winner of that match must then play a top ranked opponent. The highly ranked next opponent causes both players to “save” themselves so…
Read MoreThe latest employment report was great, but a little perspective, please. The labor force participation rate is now 63.7% it lowest level since 5/83! (The all-time high was 67.3% in 3/00). Worse, since the recession ended in 6/09, rather than…
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