Economics
Wives Earn More Than Husbands In Almost 40 Percent Of U.S. Families
In one in three families in the U.S., or 38.
7 Things The Middle Class Can’t Afford Anymore
In its discussion of historical middle class societies, The Economist reports, “Their members are neither rich nor poor but somewhere in-between…’Middle-class’ describes an income category but also a set of attitudes…An essential characteristic is the possession of a reasonable amount of discretionary income. Middle-class people do not live from hand to mouth, job to job, season to season, as the poor do.” Some argue that the most sensible income amount to attach to the middle class would be the median household income, of around $54,000.
Highly educated, unemployed and tumbling down
In the upside-down, topsy-turvy world of jobs these days, even an advanced degree can’t protect some Americans from tumbling down the economic ladder. The conventional wisdom that more education bears fruit in the labor market gets turned on its head when it comes to unemployment. For people with masters and even doctoral degrees, long-term unemployment is especially insidious.
If The Oil Plunge Continues, ‘Now May Be A Time To Panic’ For US Shale Companies
Over the past 5 years, the shale industry, fabricated or real reserves notwithstanding, has been a significant boon to the US economy for four main reasons: it has been the target of billions in fixed investment and CapEx spending, it has resulted in tens of thousands of high-paying jobs, its output has been a major tailwind for the US trade deficit, and has generally been a significant contributor to GDP (not to mention various Buffett-controlled or otherwise railway corporations). And perhaps, most importantly, it has become a huge buffer to the price of global oil, as the cost curve of US shale is horizontal, with a massive 10,000 kbls/day available within pennies of $85/bl.
Who’s going to pay? The average cost to treat an Ebola patient could run as high as half a million dollars
Caring for Thomas Eric Duncan, the Dallas Ebola patient, may cost as much as $500,000, a bill that his hospital is unlikely to ever collect. Duncan is in critical condition at Texas Health Presbyterian Hospital Dallas, where he has been isolated since Sept. 28.
A Visual History: How Much $1 Used To Get You (And How Much It Gets You Now)
Ever since the creation of the Federal Reserve in 1913 Americans have seen the value of their currency dwindle. We know the dollar has lost some 97% of its value since the Fed took over. But it’s hard to actually grasp this destruction of value without some examples.