Monthly Archives: July 2012

with time running out before congress heads out for their august recess and the pre-election campaign season, there has been some movement that suggests they’ll avoid the fiasco of an unresolved budget that repeatedly threatened to shut down the government … Continue reading →

the week started with a pitiful report on retail sales from the commerce department (pdf), which showed that June retail sales, which includes food services sales, were at a seasonally adjusted $401.5 billion, which was down 0.5% (±0.5%)* from May … Continue reading →

the multi-year manipulation of the benchmark LIBOR interest rate by Barclays and at least 11 other major banks continued to attract the most attention in the blogosphere this past week; several attempts to explain the the implications the scandal for … Continue reading →

other than the reported economic news, the blogosphere generally continued to focus this week on coverage of two stories; first, sorting out the ramifications of the 193 page supreme court decision on the 2400 page health care law, and also … Continue reading →

  it goes without saying that the major story of the week was the surprise supreme court decision upholding the constitutionality of the ACA (obamacare), which was important not just because of those who will continue to be covered, and … Continue reading →