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Hard hitting global and local news
Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional
Tweet Don Blankenship, the former CEO of Massey Energy, aka coal in WVa, has a Nixon problem. Â Turns out the Don recorded his phone calls and now the prosecutors have them. Â How they have them is one of those stories.
Read the article: ISM Disappoints, Led by Decline in Employment
Construction Spending "Once Again Defies Expectations" Much Weaker Than Expected; Four Reasons Economists Perplexed Economists have been overly optimistic on the majority of economic reports for going on six months. Today the Bloomberg Consensus estimate for construction spending was for a 0.4% gain. The actual result was a decline of 0.6%
Read the article: Investigating the GDP Deflator: Wildly Differing Results Depending on Your Choice
Read the original: Employment Compensation Costs (Wages and Benefits) Jump in First Quarter
Prior to this plunge, LinkedIn had a market cap of $31.74 Billion. Why?
Read the original post: Initial Unemployment Claims Plunge to 262,000 – Lowest Since April 2000; What’s Going On?
View original post here: Fed Cites Weather, "Transitory" Factors in FOMC Statement; No Hat Tricks; What About Consumer Sentiment?