Category Archives: Economic Trends

California’s Most Surreal Summer Since ’69

Stir-crazed youth will demand all that is pent up caused by the lockdown. Although Coachella was postponed from April to October, it and other festivals and large gatherings probably won’t go off until next year. Sleeping in porta potties and molly … Continue reading

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Except for Massive Unemployment, this Recession is Different

What a long strange trip it’s been. JUST 12 YEARS AGO, I reported “in the Spring of 2008, Las Vegas homeowners stopped paying their mortgage, and filed predatory lending lawsuits against their lenders alleging mortgage fraud including RESPA and TILA … Continue reading

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TEENAGE WASTELAND Generation Z suffers from mental illness

Most of the research so far about generation Z suggests that youngsters today are less hedonistic, better behaved and more lonely than ever before. A recent report by Pew Research Centre, a think-tank, reinforces that finding and sheds more light on … Continue reading

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A Rockstars’ Guide to Management

If rock groups are businesses, businesses are getting more like rock bands. Workplaces are far more informal than they used to be, with less emphasis on protocol, rank and authority. Many firms try to cultivate the creativity that can come … Continue reading

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One in four kids say they use cannabis

Marijuana is most popular among 18- to 29-year-olds — about one in four (24%) adults in this age group report regularly or occasionally using it.  More people use cannabis than tobacco.   The following illustrates people who use tobacco or cannabis: … Continue reading

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Few Americans are Vegetarian or Vegan

5% of Americans are vegetarians, unchanged from 2012 3% are vegans, little changed from 2% in 2012

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Millennials face largest wealth gap in generations

A 2017 analysis by Credit Suisse suggests that millennials in several advanced economies are likely going to face the worst income inequality of any generation in recent memory.  Millennials are generally saddled with more student debt, less inherited money, and stricter mortgages than … Continue reading

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Americans in best Christmas shopping mood in years.

According to Pew Americans plan to spend $906 on gifts, the most since 2007 Middle- and lower-income households fueling the rise Record-low percentage plan to spend less than last year More specifically, 34% of Americans plan to spend at least $1,000 … Continue reading

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Airlines are trying to cram ever-more seats onto planes

“AIRLINES use all sorts of clever tricks to make more money from passengers. They charge extra for bags, for food and for selecting where you sit. Now they are embracing another strategy: packing more seats onto each plane. Last month … Continue reading

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America’s poorest fall deeper into poverty

Pew reports that the share of the U.S. poor population in severe poverty reached its highest point in at least 20 years.  

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