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Fed Study Finds 2 million in "Forced Retirement", 52% Cannot Afford an Unexpected $400 Expense
August 8, 2014 0

Fed Study Finds 2 million in "Forced Retirement", 52% Cannot Afford an Unexpected $400 Expense

By News Desk

We can now put some numbers on "forced retirement" thanks to a Fed study that shows 40% of households show signs of financial stress Four out of 10 American households were straining financially five years after the Great Recession — many struggling with tight credit, education debt and retirement issues, according to a new Federal Reserve survey of consumers. This latest snapshot, which the Fed said was aimed at monitoring the recovery and risks to financial stability, adds to the understanding of the severity of the Great Recession’s effect on households and individuals

Housing Insanity Japanese Style: Record Number of Vacant Homes in Japan, Abe Wants to Stimulate Home Building
August 6, 2014 0

Housing Insanity Japanese Style: Record Number of Vacant Homes in Japan, Abe Wants to Stimulate Home Building

By News Desk

Housing Insanity Japanese Style: Record Number of Vacant Homes in Japan, Abe Wants to Stimulate Home Building Thanks to a rapidly aging population, record numbers of Japanese homes sit vacant according to the July 30, 2014 Asian Review report Vacant Homes in Japan Reach Record as Outlying Population Shrinks . A record 13.5% of all homes in Japan were unoccupied as of last October, reflecting an exodus from outlying regions of the country and a general aversion to used homes. Preliminary figures for a study on homes and land, conducted once every five years, were released on Tuesday by the Internal Affairs Ministry

The Morally Confused
August 5, 2014 0

The Morally Confused

By News Desk

Tweet Judith Curry has wandered into ethics, without much of an understanding about such things.  She enjoys going on about how she is the protector of research integrity, without really understanding scientific ethics, perhaps first investigated by Max Weber , although Eli is sure that Willard may know of earlier sources.  There are many interesting things about this, first, that scientific ethics as distinct from ethics could not have been a subject much earlier, because science as a stand along thing really only blossomed at about the same time as global instrumental temperature measurements started in the late 1900s. Second, that separating ethical behavior as a scientist from ethical behavior in general is not something that your average bunny in the street holds in high regard and is one reason that many people distrust science and scientists, as in Godless Scientists, etc

China Services PMI Lowest Since 2005 as Housing Slumps; Manufacturing Expands
August 5, 2014 0

China Services PMI Lowest Since 2005 as Housing Slumps; Manufacturing Expands

By News Desk

China Services PMI Lowest Since 2005 as Housing Slumps; Manufacturing Expands An interesting divergence is underway in China with manufacturing in expansion while the service sector is at the lowest reading since November 2005 according to HSBC China Composite PMI HSBC China Composite PMI™ data (which covers both manufacturing and services) signalled a third consecutive monthly expansion of Chinese business activity in July. That said, the rate of increase eased from June‟s 15-month high and was moderate overall.