economics

Hm, fascinating.

Quoted: Stiff competition from thousands of mom-and-pop marijuana farmers in the United States threatens the bottom line for powerful Mexican drug organizations, according to law enforcement officials.

Quoted: Elinor Ostrom of Indiana University and Oliver E. Williamson of the University of California, Berkeley, were honored for their work on economic governance.

Quoted: As the industry looks for signs the housing sector is beginning to stabilize, the threat of a crash in the commercial mortgage market grows, according to San Francisco Federal Reserve president Janet Yellen. Speaking this week at a bankers convention in Idaho, Yellen said while there are signs that the economic growth is beginning to return — house price declines are abating, consumer spending is stabilizing and new unemployment is lessening — the recovery will be painfully slow and the Fed believes commercial real estate is the economy’s next vulnerable spot. The problem, Yellen said, is maturing loans for commercial properties that lost significant value.

Interesting (but very long) article on the financial crisis.

kind of a smug article, but motivating. i should freeze more.

Quoted: Organic food prices are daunting in a recession. But do we have to choose between our principles and our pocketbooks? I devised an experiment to find out.

Interesting WSJ piece ... I guess necessity really is the mother of invention.

Quoted: For laid-off or worried workers, launching a business may seem the best path to survival. Here are the stories of five people who are taking that route—and the lessons they’ve learned so far.

This piece is an interesting, human interest side of the Ecomonist article that ran a couple months ago...

Quoted: Americans are not moving en masse because of the Great Recession, unlike the exodus from the Dust Bowl during the Great Depression. Instead, they are staying put more than they did before the downturn.

Quoted: Although the nation has plunged into its deepest recession since the Great Depression, 72 percent of Americans in this nationwide survey said they believed it is possible to start out poor in the United States, work hard and become rich — a classic definition of the American dream.

Fascinating! I smell a blog post in this...

Quoted: Americans used to move to where the jobs were. But now home-ownership and health insurance freeze many of them to the spot.