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Archive for the Category ‘Main-Street’

Canadian tourism heavily affected by downturn, passport requirement

Canadian tourism heavily affected by downturn, passport requirement

In a previous blog we explored how the sex industry is a forgotten economic barometer never used in analysis.   However, economists do use tourism statistics in their findings — a similar industry to the adult entertainment sector — indeed, the two are often inter0connected.
About a week ago, I saw a documentary on the CBC [...]

Economy worse than great depression: Krugman

Economy worse than great depression: Krugman

Paul Robin Krugman (born February 28, 1953) is an American economist, liberal columnist and author. He is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, Princeton University, Centenary Professor at the London School of Economics, and an op-ed columnist for The New York Times.
He offered a few [...]

Sex Industry Indicative Of Failed Recovery

Sex Industry Indicative Of Failed Recovery

The sex industry, and likewise the spending of money associated with this industry and the act itself among consenting adults, is one of the indicators that mainstream economists rarely use when calculating their complex economic analyses regarding the state of economies around the world.  It should be, because sex is almost as fundamental as eating [...]

Hotel Rates Drop Across North America

Hotel Rates Drop Across North America

Hotels, economically speaking, are of the elastic demand variety of intangible goods in that as income rises, more people tend to rent hotel rooms for vacations and business trips, and likewise as income drops, less people are able to afford to rent a hotel room.
What we are seeing here is the effects that the economic [...]

Police Deputy, Couple Feigns Cancer For Money

Police Deputy, Couple Feigns Cancer For Money

In what appears to be a truely strange tale of how the economic depression we’re currently in is affecting society, a news report came out today reporting that a police deputy out of Marion, Ohio duped his co-workers into giving him money and sick days for what he described as him having a terminal cancer. [...]

Who Is Stimulus Money Going To?

Who Is Stimulus Money Going To?

There is a large amount of the stimulus targeted for low income families. Two things are there:
1. Since Construction workers in the past had a substantial percentage of illegal residents doing the building, how will the stimulus money assuredly end up in American’s pockets?
2. What about the low income housing itself. Will the homes [...]

Interest Rates To Rise Significantly Worldwide

Interest Rates To Rise Significantly Worldwide

It has been predicted by many financial analysts that the interest rates which central banks around the world set their prices at is about to swiftly move upward due to years of keeping them artificially low. The long term effects of artificially keeping interest rates low are well known among sound economists and financial [...]

Next Mortgage Default Wave: Commercial Real Estate

Next Mortgage Default Wave: Commercial Real Estate

Federal Reserve and Treasury officials were scrambling to prevent the commercial real estate to deliver a roundhouse punch to the U.S. economy as it struggles to recover from the carpet.
Gerald Celente, a famed economic forecaster, warned us that their efforts could be undermined by a sharp increase in seizures of commercial properties carrying mortgages [...]

IT Jobs To Get Shaft In Jobless Recovery: Analyst

IT Jobs To Get Shaft In Jobless Recovery: Analyst

It workers always seem to be treated as nothing more than a cost center than anything else. With the ethereal nature of IT work, it is obviously easier to send these jobs overseas where slave labor is abundantly available.
Excerpt
By Patrick Thibodeau of IDG
Once IT spending begins again, companies in need of tech workers will [...]

U.S. Retail Industry Numbers: 1,131 Store Closings, 9 Chapter 11 Risks, 37 Simultaneous Openings and 284 Expansions in 2010

U.S. Retail Industry Numbers: 1,131 Store Closings, 9 Chapter 11 Risks, 37 Simultaneous Openings and 284 Expansions in 2010

By Barbara Farfan, About.com Guide to Retail Industry
The sum total of the numbers found in the U.S. retail industry store closings, store openings, job cuts, and Chapter 11 assessments in the second half of September don’t add up to recovery yet. But despite the threat of recessionary aftershocks which some predict will hit the retail [...]

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