You Will

In 1993, before the World Wide Web and before the commercial Internet, AT&T ran a set of television advertisements. They are visible on Youtube. At first blush, a lot of it sounded wide eyed and futuristic. But to people who were in the field then, everything in the ad was reasonable and incremental; merely . . . → Read More: You Will

Unemployment Falls in 16 States; Steady in 7 Others

Since early May we’ve continued to reference the peak and then improvement in new claims for unemployment. This past week was no exception. As recovery takes hold more and more states are seeing encouraging labor situations.

In states around the nation’s capital unemployment is falling or holding steady.

Maryland’s rate has remained at . . . → Read More: Unemployment Falls in 16 States; Steady in 7 Others

Money Market Funds Lose Treasury Backing

IS THE TREASURY OUT TO KILL MONEY MARKET FUNDS?

Tim Geithner, the Goldman Sachs Secretary of the Treasury, has gone on record as saying that the government will withdraw its $3 trillion backstop guarantee from the money market fund industry, on schedule, this September 18.

While I am for any reduction in the government’s . . . → Read More: Money Market Funds Lose Treasury Backing