For the vast majority of American’s QE has been a dismal failure. Stock gains for the average guy were offset by losses in real estate. There was no wealth affect there.
Category: News and Views
Warren “…the Osama bin Laden of capitalism” Buffett Challenges Goldman Sachs | Dealbreaker
“If the U.S. Armed forces can’t find Osama bin Laden in 10 years, let Goldman Sachs try to find me.”
LAEDC Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
* U.S. Retail Sales in February
* January U.S. Trade Deficit Widens for the Second Consecutive Month
* Consumer Credit in January
* California’s Budget Position in February
* Record High for California Exports
* Events of Interest
o April 3-5: UCLA Climate Academy Business Leaders Course
o May 18, 2011: International Trade Outlook
New business creation rate stays at 15-year high | money.cnn.com
Necessity is the mother of invention: In this economy, if you can’t find a job, make one.
That seems to be the strategy of many people lately: The percent of Americans starting businesses in 2010 and 2009 was the highest in 15 years, according to a report from the Kauffman Foundation released Monday.
Banana Peel Can Remove Toxic Metals From Water! | GreenPacks.org
A group of scientists from Brazil have discovered that minced Banana peels rather quickly and efficiently removed toxic metals from waste water. In fact the method was found to be more effective than conventional water treatment plans. Moreover the same bunch of peels can be used up to 11 times.
Enough Said
Aircraft Wi-Fi fears won’t fly | News.CNET.com
There’s nothing the world likes more than a good radiation scare. Mobile phone health panics are quiet at the moment–which could be permanent, like the microwave oven cancer flap that went into spontaneous remission and stayed there. Instead, the burgeoning world of in-flight entertainment beckons as the next fear factory.
Weekly Economic Information | LAEDC
In this issue:
January State/Local Area Employment Reports
California’s Unemployment Rate Falls to 12.4%
Auto Sales Race Ahead in February
Global Economic Monitor
Events of Interest
* April 3-5: UCLA Climate Academy Business Leaders Course
The Testimony of Simon Johnson | Congressional Oversight Committee
“…Powerful people at the heart of our financial system still have the incentive and ability to take on large amounts of reckless risk – through borrowing large amounts relative to their equity.
There is an insularity and arrogance to policymakers around capital requirements that is distinctly reminiscent of the Treasury-Fed-Wall Street consensus regarding derivatives in the late 1990s – i.e., officials are so convinced by the arguments of big banks that they dismiss out of hand any attempt to even open a serious debate.
Next time, when our largest banks get into trouble, they may be beyond “too big to fail”. As seen recently in Ireland, banks that are very big relative to an economy can become “too big to save” …
…what the Bank of England refers to as a doom loop“.
Courtney Love Settles “Hosebag” Twitter Lawsuit for $430,000 | Seattle News
…designer Dawn Simorangkir, who’d had the nerve to ask her to pay for some clothing she’d bought. For that, Love called her a “nasty, lying, hosebag thief,” among other things. Simorangkir sued for defamation. And now Love has shelled out a sweaty wad of cash to make the lawsuit go bye-bye.
The grand total: $430,000.
Dispatches From The Front 