Archive for July, 2008
The Economy: Just Limping Along- by Greg Strid
Less than swell news came from the bowels of
government bureaucracy this morning. The
Commerce Department reported that the US
economy grew at an annual rate of 1.9 percent
in the second quarter, which was less than
predicted by economists, and it actually
contracted by 0.2 percent in the final three
months of 2007.
It appears that the sources of growth in America’s
sputtering [...]
Banks Bounce Back from the Dead
Bank shares are back in style. Even after staggering losses were announced by the likes of Wachovia, which registered a $8.9 billion loss in the second quarter, and Washington Mutual, which posted a $3.3 billion stain of red ink in the same period, their shares traded up by 27 percent and 6 percent, respectively.
The share [...]
The Vet
This sketch is based very loosely on a photo of an elderly McCain supporter from a recent issue of the Economist. I was fascinated by the size of his nose and ears. I think if this bugger lives another 10 years, there will only be nose, ears and feet left (I couldn’t see his feet, but supposedly they enlarge with age as well). This is not a slap against vets or McCain supporters, but merely a vivid display of my own immaturity and simplicity.
Skull Shoes- Photo by Greg Strid
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I saw these stylish, yet ghoulish shoes sitting on the curb just north of Jersey Avenue on Columbus in Jersey City the other night. It looks as if the owner did not discard them, instead it seems as if she was plucked right out of them. (Maybe Satan called her back home for a family [...]
Six Months of Job Losses and the Credit Bubble
Poof! That was the sound of approximately 62,000 jobs vanishing from the U.S. economy last month. June marks the sixth straight month of job losses. As for the month of May’s half percentage point spike in the unemployment rate to 5.5 percent - it stayed the same for June as well. Whaddya know? That huge [...]
