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Saturday, August 9, 2014

Benchmark Input-Output Account of the U.S. Economy, 2007

The Bureau of Economic Analysis (BEA) today released its 2007 Benchmark Input-Output (I-O) Account of the U.S. Economy. This widely used account—which provided the foundation for BEA’s 2013 comprehensive revision of its gross domestic product (GDP) statistics—offers a comprehensive picture of the inner workings of the U.S. economy, showing production relationships among nearly 400 industries and commodities. Full Text
Read More... [Source: U.S. Bureau of Economic Analysis]

Hollywood big-screen diversity out of step with U.S.: study

LOS ANGELES (Reuters) - Hollywood has not meaningfully increased the number of minority characters on the big screen and Hispanics were the most underrepresented in films, a study released on Monday said.

Jamaica: The good, the bad and the ugly

JAMAICANS, dispersed across the vast expanse of the globe, will today celebrate with pride and joy the Independence of their country. And, whatever their differences, the one thing they will have in common is their undepleted love for the land of their birth.
Read More... [Source: Jamaica Observer]

So Much For American Home Mortgage (AHM)

In March I believed that American Home Mortgage (AHM) was safe from the subprime fallout and I wrote positively about the stock on March 18th. I wouldn't touch the stock now. I did say to realize profits on March 21st. I admit I was wrong about AHM and in today's current environment I wouldn't touch any stock that has a residential mortgage unit.

Some Stocks to Avoid

Annaly Mortgage (NLY)
Countrywide (CFC)
Freemont General (FMT)
Impac Mortgage Holdings (IMH)
NovaStar (NFI)
Redwood Trust (RWT)
Thornburg Mortgage (TMA)
Wells Fargo (WFC)

Note: I have no position in any of the above stocks.

Read More... [Source: Big Ben's Investing Blog]

Christopher Hohol and Brian Poshak

SEC Charges Former Senior Executives of Public Company Subsidiary with Falsifying Financial Records and Circumventing Internal Controls
Read More... [Source: SEC.gov Updates: Litigation Releases]

Thursday, August 7, 2014

Ebola fever

A prominent AIDS researcher recently recalled for me the panic at the start of the pandemic in the 1980s. Her superiors asked her not to publicize her work because they didn’t want their institution to be known as an “AIDS hospital.” Some parents instructed their children at school not to play with the researcher’s children, because she was in contact with the AIDS virus. Fear and stigma were overcome only by the relentless application of science.

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Read More... [Source: Today's Opinion Columns - Posted by FreeAutoBlogger]

Wonkblog: Almost 20 percent of people near retirement age have no retirement savings

One in five people who are near retirement age have zero money saved.

Yes, you read that correctly.

The sobering statistic was one of many released by the Federal Reserve on Thursday as part of its report on the economic well-being of U.S. households, which surveyed more than 4,100 people online last year between mid-September and early October.

Read full article >>