There goes the recovery. In May, the number of people employed in America rose by just 54,000. In addition, the unemployment rate rose for the second month in a row to 9.1%. Worse, the time it’s taking unemployed people to find a job rose to a new high of 39.7 weeks, or nearly 10 months. [...]
In 2006, Andrew Mason was coaxed out of graduate school at the University of Chicago with an offer of $1 million in funding to convert his idea called The Point, which was designed to network people into social action, into a business. It went nowhere fast, says Eric Lefkofsky, the entrepreneur who provided the seed [...]
A slew of economic indicators out this week has ratcheted up fears of a double dip recession. Many think Friday’s jobs’ report could be the death knell of the U.S. recovery. But there’s a silver lining to the disappointing stats on housing, jobs, and manufacturing: No matter how bad it gets, the dollar will probably [...]
I was reading the ever-fascinating Martin Wolf in The Financial Times the other day as he bluntly laid out the stark choices facing Europe’s great experiment with the euro: The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and [...]
This is usually a slow time of the year for farm sales. It’s past prime planting season. Yet, Sam Kain, Des Moines area manager for land sales at Farmers National, is busy. He has 3 auctions this week. Most of the 30 or so bidders who show up will be farmers. But an increasing number [...]
SAC Capital Advisors, one of the world’s biggest hedge funds run by zillionaire Steven Cohen, is finally under the gun for insider trading, according to the Wall Street Journal. The issue is over trades made in an account Cohen oversees, which were suggested by former fund managers of his who’ve already pleaded guilty to insider trading. [...]
A few months back I voiced concerns that some economists were being overly rosy about the outlook for global growth this year. And there are more and more reasons to be gloomy. The U.S. economy is disappointing, Europe is tied in knots over the Greek debt crisis, Japan’s earthquake sent the economy back into recession, [...]
