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Months Supply of Homes Close to Six-Year Low

In another sign of a housing recovery, the National Association of Realtors reported today that "U.S. home resales surged in J .. more ..

Posted 12 hrs ago at CARPE DIEM
Economic Lessons in the News

1. The U.K. government is learning about the economic lesson that "if you tax something, you get less of it."  Following an increase in the top marginal income tax rate to 50%, tax revenues from high-income taxpayers are falling, and are not going up, as the Treasury somehow expected by ignoring the economic lesson that "people respon .. more ..

Posted 12 hrs ago at CARPE DIEM
Architecture Indexes and Homebuilder ETF: Has A Turning Point in Construction Arrived?

February 22, 2012 – "On the heels of consecutive months of strengthening business conditions, the Architecture Billings Index (ABI) has now reached positive territory three months in a row (see red line in chart above .. more ..

Posted 13 hrs ago at CARPE DIEM
Is the travel experience really getting worse?

The world is going to hell in a handbasket, as my dad used to say. Or is it? Consider the overall travel experience, which I write about every day, and which my readers experience every day. It’s easy to assume that companies are getting more aggressive about pushing their ridiculous fees,...

Posted 23 hrs ago at elliott.org
Interesting Facts about BMW in the U.S.

New Investment in the U.S.: Almost $1 billion over the next three years to expand the 4.4 million square foot BMW complex in Spartanburg, S.C. to produce the new BMW X4 (pictured above).

Posted 23 hrs ago at CARPE DIEM
Markets in Everything: Gender-Based Advertising Using Facial Recognition Software with HD Camera

"Plan UK’s campaign, which highlights the plight of the world’s poorest girls, launches a groundbreaking interactive ad on a bus stop in Oxford Street on February 22. The advertisement uses facial recognition software with an HD camera to determine whether a man or woman is standing in front of the screen, and shows different content accordingly."

Posted 1 days ago at CARPE DIEM
Professor Alan Meltzer's Three Laws of Regulation

Alan Meltzer’s Three Laws of Regulation:1. Lawyers and bureaucrats regulate, but markets circumvent regulation. 2. Regulations are static. Markets are dynamic. 3. Regulation is most effective when it changes the incentives of the regulated.From a Reason review of Professor Melt .. more ..

Posted 1 days ago at CARPE DIEM
Romney 2:1 Favorite over Santorum for Michigan

After dropping to 45% a few days ago, Romney's current Intrade odds to win the Michigan primary are at about 68%, compared to 35% odds for Santorum. 

Posted 1 days ago at CARPE DIEM
First the Dutch Pull the Plug on Wind Subsidies, Now Germany Throws in Towel on Solar Subsidies

I recently posted about how the Netherlands, the nation known for its iconic windmills, decided to throw in the towel on offshore wind power, as Dutch officials determined the country can no longer afford large scale subsidies for expensive w .. more ..

Posted 1 days ago at CARPE DIEM
Fact of the Day: Even on Less Than $15,000 per Year, 56% of 18-24 Year Olds Have Smartphones

MashableTech -- "When a twentysomething’s budget is tight, her smartphone is far from the first expense to go, suggests a new study from Nielsen. The survey of 20,000 U.S. mobile customers found that smartphone ownership skews toward the young and the wealthy — ex .. more ..

Posted 1 days ago at CARPE DIEM
Natural Gas Prices Are the Lowest Since 1999

Based on data through the middle of February from the EIA, the inflation-adjusted spot price of natural gas (Henry Hub Gulf Coast) this month at $2.5 .. more ..

Posted 1 days ago at CARPE DIEM
BPP@MIT Data Show Inflation Trending Downward

The Billion Prices Project @ MIT just updated its daily online price index through the end of January 2012, and the annual inflation rates from that index are displayed in the graph .. more ..

Posted 1 days ago at CARPE DIEM
Got milk?

I disappear from my work desk every 2-3 hours or so, depending on the weight and cup size of my bra. If it goes up to E,  which FYI means Enormous, that’s the time I need to scuttle to my hiding place and pump it out to protect my (meager) supply.

Posted 1 days ago at Sandier Pastures
The EU passenger rights law that won’t help you

Here's another episode in the "Our Lawyers Interpret EU 261 Differently" drama that has been playing itself out on this site since the controversial European passenger-rights law passed in 2004.

Posted 1 days ago at elliott.org
Greetings from Hilton Head, South Carolina

I'm in Hilton Head, South Carolina, today for our Away is Home family travel blog. Here are a few snapshots we took yesterday after we arrived. This leg of our trip winds down on Thursday, but I'm headed back to New York again next week, and will have a full report, of course.

Posted 1 days ago at elliott.org
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