...subsidiary of John Deere. But the provincial image belies surprising—and substantial—changes. The city’s population grew by 20.25% between 2000 and 2010, more than twice the national average. In 2009, during the height of the recession, housing prices soared 22.2% up from the year prior, while the nation as a whole slumped 3%. Local political and business leaders even mull the idea of the “next Silicon Valley” being Fargo. “I don’t think people r...
...nomy had been showing signs of growth, as job creation was healthy and the unemployment rate ticked down. But this recent report casts doubt on the strength of the recovery, and fears of an economic stall or even a double-dip recession are spreading. This bad news gives Romney’s campaign a boost by helping to validate his claim that the recovery is weak and needs to be taken in a new direction. If voters go to the polls in November and feel that...
...the Great Depression unemployment never went UNDER 10 percent. Okay, but the Great Depression was way worse, right? Arguable. Regardless, unemployment was higher under President Reagan, who was dealing with a much less severe recession than Obama. Plus the U.S. economy has been growing in GDP and jobs consistently for two-and-a-half years. I know you’ve heard ALL of these numbers before. It’s political backwash. But that’s why I ask you to consid...
We are in an economic recession. While some monetary sacrifices for governmental agencies are inevitable, the latest push to deprive Planned Parenthood of all federal funding is not solely motivated by the desire for fiscal conservatism. Instead, the burgeoning campaign against funding for Planned Parenthood is overtly purported to be a means of rectifying an existing ethical dilemma: forcing Americans to finance abortion services through their...
...;hard landing,” the impact on the world would be “benign.” The only sign of China’s economic ascent is in its exportdriven GDP growth, which cannot even be sustained with certainty. The recent economic recession has shifted the forces of the market. A stronger consciousness of savings and fiscal austerity has and will continue to increase household savings across the globe. The global arena of the post-recession requires t...
...r term. However, as the supply of cash increases, the interest rate decreases. Since 2008, the Fed has furiously printed cash to keep interest rates and unemployment low. Although official numbers indicate deflation since the recession’s onset in 2008, cash printing and the rising price of gold (which increased 30 percent in 2010 alone) are leading indicators of inflation. This imminent inflation looks threatening to lenders since, with their ini...
...ill be filled is if the government heavily subsidizes the sector shows little faith in capitalism. Many Americans are leery of what they thoughtlessly call “capitalism” without realizing that the system that gave us the Great Recession was in fact not due to free markets but instead was the result of heavy-handed government influence in the economy that made credit and homes readily available to people who could not afford them. Agriculture is a...
...a march on Wall Street of over 20,000 people. The name Bloombergville was a call back to the Hoovervilles of homeless Americans during the Great Depression and the recent tent cities Wall Street created this time in the Great Recession. However, it was also inspired by the more recent Walkerville protest of Wisconsin Governor Scott Walker’s attack on the working class, which itself came out of the inspirational and catalyzing Wisconsin Capitol Hi...
...war in Syria, the mounting global tensions caused by Iran’s nuclear programs, and the recent revolution in Egypt have not prevented these countries from sending 10, 53, and 113 athletes to the games, respectively. The global recession and subsequent rioting that has ensued in Britain for the last two years have not prevented the UK from hosting the Olympics. At the last summer games, held in Beijing, the U.S. made the very deliberate and public...
...alth insurance industry is a behemoth. In 2011, its executives’ median pay was the highest of any industry in the country—more than oil, finance, telecom, consumer goods, etc. For the past three years (the depths of the Great Recession) health insurance companies have made record profits. Not just profits, record profits. In a capitalist democracy, all this translates into extreme political power. In 2008 it was clear to the insurance industry th...
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