Category: Economics

A look at some of the poverty data for 2010 — tough numbers for tough times

There’s been a lot of press the last couple of days about poverty in the United States and in Georgia. I’m not going to give a full recap of any of that, so check out news items like this one…

Savannah Film Festival announces some special screenings and guests, including Oliver Stone, Lily Tomlin, and James Marsden (Cyclops!)

The full schedule hasn’t yet been announced for the Savannah Film Festival, but most of the high-profile special screenings are now known — and so too are some of the major guests who have committed. Once again the SCAD-produced event…

Philly Fed data shows 24 states with declining or stagnant economies in August

Is it because of the bitter debt ceiling debate that spooked markets, consumers, and companies with money to invest? Or is it because of more fundamental economic problems? Are we now rebounding in September? Or will the sovereign debt crisis…

Google chairman Eric Schmidt on how to avoid “years of extraordinarily low growth”

I previously posted some of the thoughts of UPS CEO Scott Davis about ways to boost the economy. Over the weekend on This Week, Christian Amanpour interviewed Google chairman Eric Schmidt, who has clear and authoritative opinions about the lack…

Income and wealth disparity growing over a period of decades: When will it stop?

I previously posted here about a great Washington Post piece on income disparity in America. Recently, there have been a couple of Wall Street Journal blog posts by Robert Frank dealing with income and wealth disparity in relatively recent U.S.…

Savannah area gas prices below $3.50 per gallon

I keep expecting gas prices at the pump to fall even more than they have — and I think the chart below suggests the likelihood of another drop of 5-10% in gas prices. According to GasBuddy.com, the average pump price…

State job growth in August down sharply year-over-year

I’ve written before about the seasonal factors affecting employment and I posted yesterday about the ongoing misinformation in the Georgia Department of Labor’s press releases regarding monthly changes in employment. As I noted yesterday, the most important data doesn’t even…

Again: misleading information from the Georgia Department of Labor on unemployment

In my City Talk column coming up on Sunday, I consider the broader challenges facing the housing market, still, and I mention along the way some of the grim statewide employment data that was released today by the Georgia Department…

Georgia still 5th worst in percent of mortgages underwater

The numbers from CoreLogic regarding underwater mortgages have not changed dramatically from the last couple of quarters. Calculated Risk discusses the latest numbers here. It’s worth noting that data is unavailable for a number of states (Louisiana, Maine, Mississippi, South…

How long will cars last? How long should they last?

Auto sales fell off a cliff during the recession from 2007 to 2009. Sales rebounded temporarily with the Cash For Clunkers program in 2009 before falling again. But long-term trends suggest that auto sales will pick up. Either that, or…

AASU Economic Monitor shows continued slow growth in the Savannah area

From the SMN today, Local economy still growing, but slowly: “The regional economy is currently being supported by healthy tourism activity, strong ports activity and the improving health of the services sector, including business and professional services and transportation,” [Armstrong…

Mark Zandi: Obama jobs plan would add 1.9 million jobs

I hope Congress will pass the job creation proposal — the American Jobs Act — that President Obama delivered last night. There are obviously many opinions on the package — what it does, what it doesn’t do — but, as…

Just don’t call it QE3 . . . the Fed considers a “twist” to boost economy

Tonight the Washington Post is reporting on the Federal Reserve’s likely (or at least possible) decision in a couple of weeks to sell some of its shorter term securities and buy longer term ones. So there wouldn’t be any additional…

Slate: What we missed with a single-minded focus on the “war on terror”

Great piece in Slate, by Anne Appelbaum: The Worst Mistake America Made After 9/11: How focusing too much on the war on terror undermined our economy and global power. She writes in part: In our single-minded focus on Islamic fanaticism,…