Archive for August 5, 2012
There is so much interesting news this week, its hard to pick just one thing to write about. Hiring is up, the Dow Jones Industrial Average is up…but, paradoxically, so is unemployment. Since early 2010, the economy has added over five million private-sector jobs, which have been partially offset by a loss of over 660,000 public sector jobs, for a net gain of about 4.5 million. The Federal Reserve is keeping interest rates low, which is causing some conservative economists to continue fearing inflation (for which there is, so far, no evidence).
Mitt Romney returned from his whirlwind tour, which received mixed reviews. He returned in time for terrible reactions to his tax plan. The nonpartisan Tax Policy Center called it “mathematically impossible,” which is really not quite what we expected from a financial genius like Romney. Perhaps this is why he doesn’t want to release his tax returns: maybe he can’t add.
Speaking of confused signals, The Dark Knight Rises continues to do well at theaters, despite the tragedy in Colorado. Talk has died down about whether there was any intentional connection between Bane and Bain.
But for me, perhaps the most important of current events is about to happen late tonight. NASA’s latest Mars rover, named Curiosity, is scheduled to land on the Red Planet about 1:30 AM Monday morning, Eastern time. (more…)