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Cheating No Longer the Top Reason for British Divorce
by Cristen Conger | September 1, 2011
Divorce lawyers at the firm Grant Thornton reported a new trend in couples severing nuptial ties: affairs aren’t the biggest factor pushing people apart. And, no, it’s not the economy, stupid, although tighter budgets might put a strain on the heartstrings.
There’s this excellent recent analogy just sitting there staring us in the face as a perfectly good answer to the question of whether cutting or increasing spending is viable solution to our debt crisis that’s creating such acrimony among Congress and waffling from the president. Just a couple years after it first crashed, pretty much all economists point to a single factor that more than any other sealed the global financial fate into that of doomed: illiquidity.
Anyone who’s opened a bag of delicious Goldfish™-brand cracker lately knows the sting of undiluted disappointment. Something is rotten in Denmark as far as retail food goes. Little by little the contents within are shrinking, while the bag — and the price — stays the same. The upshot is that we are getting far less food for what we pay for compared to even just a few years ago.
In some cases, like that of Goldfish™-brand crackers or a bag of chips, most of the contents is mere air, which, everybody knows doesn’t cost the manufacturer one red cent.
This episode of 60 Minutes opens with the following quote: “Unemployment improved a bit last month, but it is still nearly 9%. And the trouble is, job creation is so slow that it will be years before we get back the 7.5 million jobs lost in the great recession. American families have been falling out [...]
Two million more Americans fell into the abyss that follows unemployment. Congress did not extend Federal unemployment benefits, so two million more Americans lose their only source of income: Last unemployment check is in the mail About 2 million people are expected to stop receiving checks in December. Though President Obama on Tuesday called on [...]
White House Touts Jobs and Economic Security For Women
by Cristen Conger | October 22, 2010
On Thursday, the National Economic Council (NEC) released its study on Jobs and Economic Security for America’s Women. Its arrival just shy of the November congressional elections — in which, ironically, women politicians are actually poised to lose seats in the Senate for the first time roughly 30 years — isn’t coincidental, either.
In March, the U.S. Department of the Treasury and the White House Council on Women and Girls hosted the Women in Finance Symposium to celebrate women’s accomplishments on Wall Street and discuss how to get more involved in the financial sector. Back then, there was a lot of media coverage questioning whether the male-dominated environment of the finance industry was partially to blame for the recession. For that brief moment in the media cycle, women were portrayed as the common sense solution to saving Wall Street.
Whither the economy goes, so goes women’s fashion. At least that’s the thinking behind armchair economic indicators, such as the hemline index. According to that theory, a relationship exists between the popular length of dresses and skirts and the state of the financial markets. Hence, when the bottom dropped out during the Great Depression, the [...]
Tune in today at 1 p.m. Eastern to watch our analysis of the Consumer Electronics Show. What turned heads on the show floor? Which technologies are going to dominate in 2010 (hint: a big one begins with 3 and ends in D)? And is it a good idea to hire booth babes to hawk your tech?
We’ll also look at other news stories unrelated to CES. Is the tech industry emerging from the recession? Why are Nexus One owners upset at Google and how is the company responding? We’ll give you the full story today.
You can watch us right here or grab our handy-dandy Facebook application.
Americans suck at saving money. The Bureau of Economic Analysis reports that last October consumers saved a whopping 4.4 percent of our disposable income. I’m not being facetious; that really is a whopping number. Back in June 2005, we saved exactly 0.0 percent of our disposable income.
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