Casey Mulligan has a good post concerning the cost of materials for building new homes:
Although the Case-Shiller home price index for January and February was slightly lower than it was at the end of 2009, the message was somewhat different from a government report last week on the producer price index for single-unit residential construction [...]
Companies are using the big rise in profits for dividends. That’s good news for shareholders but maybe not so good news for the unemployed. If companies felt they had a good use for those funds, they’d retain them and maybe hire someone or buy a piece of equipment. Instead they are paying out dividends to shareholders:
April 28 [...]
Steve Forbes with some common sense about money:
Alas, the notion arose in the late 19th and early 20th centuries that if wise men could have “flexibility” in issuing money without the constraints of its being tied to the supply of gold, or even silver, they could rid us of financial panics, the business cycle and [...]
This is interesting:
Warming temperatures are melting patches of ice that have been in place for thousands of years in the mountains of the Canadian High Arctic and in turn revealing a treasure trove of ancient hunting tools.
Ice patches result from layers of annual snow that, until recently, remained frozen all year. As Earth’s temperature has [...]
