Initial jobless claims for the week ending August 8 landed at 274,000. That’s an increase of 5,000 from the previous week’s revised levels, but still makes for a less volatile four-week moving average of 266,250—the lowest level in more than 15 years. 79 more words
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“Three Felonies a Day: How the Feds Target the Innocent”
by Harvey A. Silverglate
Review by Jerri Lynn Ward
“When I use a word,” Humpty Dumpty said in a rather scornful tone, “it means just what I choose it to mean — neither more nor less.” 3,093 more words
Economists usually like to give you your good news and bad news in one dose.
The most recent report from the Bureau of Economic Analysis showed that the economy actually grew in the first quarter of 2015, at a rate of 0.6%, as opposed to the most recent estimate, which said that the economy shrank slightly in the first three months of the year. 445 more words
The Wall Street Journal
The economic expansion—already the worst on record since World War II—is weaker than previously thought, according to newly revised data.
From 2012 through 2014, the economy grew at an all-too-familiar rate of 2% annually, according to three years of revised figures the… 94 more words
Twitter Buyout Hoax Sends Shares Up; Colorado's Schools Getting Built on Pot; June Consumer Spending Blues
Nothing to get all tweeted up about…
It’s the big news that wasn’t. A story about a $31 billion Twitter buyout made its way online on a website that looked suspiciously like it came straight out of Bloomberg headquarters. 552 more words
Hello friends and Fortune readers.
Wall Street stock futures are opening flat as markets await the latest instalment of the Greek drama. But China’s stocks had another bad day, and the rout in Shanghai and Shenzhen is pushing commodity prices sharply lower as fears for the Chinese economy mount. 451 more words