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While most folks have heard of The Terminator, many have forgotten the denominator. That’s the number below the line in a fraction.
It was not surprising to see the confusion and attacks generated by the federal government’s effort to make the purchase of health insurance easier. We have seen it before. In business, universities, governments at all levels; new computer applications fail before they succeed.
“What is the purpose of this season of buying and buying more?” asks Oliver Offenon.
What is the No. 1 complaint of Hoosier employers? The labor force is outdated. We do not have enough workers with the training and experience to compete with other states and nations. Some employers would supplement that concern with the high percentage of applicants who cannot pass drug tests.
‘Tis the season for strategic planning. Organizations, public and private, for profit and nonprofit feel the need to know where they are going in the next year. If they haven’t made a new strategic plan (or cannot find the one they made last year), there is the anxiety of traveling without a map.
It was after 4 o’clock and Myrtle my muse was late. “What kept you so long?” I asked peevishly.
It was delightful to read in the newspaper that Kokomo, Elkhart-Goshen and Columbus were among the leading metropolitan areas in economic growth in 2012. The report came from the federal Bureau of Economic Analysis, and stimulated local public relations people to rejoice with news releases t…
“Dead last,” Derrick Duldrum pronounced.
Governors and mayors normally talk as if they are personally responsible for bringing jobs to their states and communities.
Michael Huber is the new president at the Indianapolis Chamber of Commerce. His is not the ordinary climb up the ladder. He has not moved from one chamber to another, ever increasing the size and scope of his responsibilities.
Every student who has taken introductory economics will tell you “if the price rises, less will be bought.” This is so firmly believed that is has been called “The Law of Demand.”
I have just returned from a trip to the former East Germany and the current Czech Republic. Both were under communist rule for 40 years and they both, in different ways, are working toward the benefits and pitfalls of capitalism.
“Do you believe in testing?” asked Eugenia Evergreen in her extra earnest voice. It was as if I were being asked if I believed in abortion, the right to choose or the Grand Canyon.
“So, like how are we doin’?” Eva LaFever asks. “We’re makin’ progress? We’re slippin’ back, maybe?"
The May unemployment rates for Indiana counties were released last week. They show improvement, although the state figure (8.1 percent) remains above the national rate (7.3 percent).
Opinions are solely the writer's. Morton Marcus is an independent economist, writer and speaker. Contact him at email@example.com
When you come down to it, having a job isn’t enough to make it in modern America.
To many Americans, Indiana is known for corn and the 500 race. These are views that are out-of-date and injurious to the state.
In statistics, the median is not a strip of grass down the middle of the highway. The median is the number with half of all values above and half below.
Snail Smith’s real name is Stanley, but his contorted windup and slow pitches gave him the nickname, Snail, during his short baseball career.
I like to complain as much as anybody else. In truth, I may do more than my share of finding fault and wagging a finger in warning.
After baseball, my favorite TV watching is the government channel. Here I can see the local government in action or local government inaction.
Spring is really here. Baseball is being played, the Cubs are already tragic, and Faye of the Forest reappeared on the back deck. She was parked on the railing as I sat down to write this column.
The rancor and moral outrage of the left and right over various current issues eats at the very core of civilized discussion.
Hortense and I were strolling from our car to the Exposition Hall of the Indiana State Fairgrounds. Our goal was the Indiana Artisan Marketplace, but we had to pass the Southwest Pavilion where they were holding the Midwest Reptile Show.
The news recently about Indiana’s economy was a mixed bag. According to the U.S. Bureau of Economic Analysis, Indiana ranked 16th in growth of personal income among the 50 states. Our 3.7 percent increase over 2011 beat out the national figure of 3.5 percent.
“Here’s a fact for you,” said Seymour Semaphore, who knows my interest in statistical realities. “Four of the five Indiana counties with the lowest average unemployment rates over the past 24 years border Indianapolis.”
With all the hoopla about basketball, several important issues are being neglected. But what else can arouse the passions of our citizens?
Indiana gains from commuting. More money flows into Indiana than leaves the state from the daily movement of workers. In 2011 the difference between the inflow and the outflow was in excess of $4 billion.
The nation’s 366 metropolitan statistical areas, or MSAs, accounted for 89 percent of the $13.3 trillion United States Gross Domestic Product in 2011. After the polluted language we’ve heard from legislators in Washington and Indianapolis, doesn’t that sentence give you a nice, clean feeling?
Tim Ptomaine is a quiet fellow not given to hysterics, but the day we met he was agitated.
The plane was ready to take off, and I could not help noticing the woman sitting next to me. She looked like the national real estate agent of the year. Her iridescent baby blue and muted magenta tweed outfit clung to a body that survived on Special-K alone.
In the past week a suggestion has come forward that Hoosier schoolchildren should be educated in financial matters. Specific mention was given to loans, mortgages and credit cards.
Each year consumers cooperate with the U.S. Bureaus of Labor Statistics and the Census to report how we spend our money. According to the 2011 Survey of Consumer Expenditures, our 122 million households spent $6.1 trillion or nearly $50,000 per household.
Facts about the past or present are often hard to interpret. Facts about the future rarely exist, which leaves us with fantasies (forecasts) of pleasant anticipation or fearful apprehension.
The Rockefeller Foundation has called for ideas that address the nation’s youth unemployment situation. Here are mine:
After all the weeks of political campaigning, it is a joy to see an ad for an automobile, a beer, a hamburger, a dish washing detergent, even a medicine that has disastrous side effects.
Jim talks more than anybody else. Our Wednesday breakfasts aren’t dominated by him, but he does have more to say than any of the other nine at the table.
No week goes by without an email from Murkey Matrus, a successful Hoosier entrepreneur, now in retirement. Lately the themes have been consistent with the national debate consuming the presidential and congressional elections.
If you are new to Indiana, there are mysteries you need to understand. One of those is called Interstate 69, the highway being built between Indianapolis, Bloomington, Crane and Evansville.
In most economic matters there are information/action lags.
The data are in from the federal Bureau of Economic Analysis. Indiana had a good year in fiscal 2012 (the 12 months ending in June this year).
In the decade of the Great Depression, the 1930s, the population of Indiana grew by 5.8 percent. Later, in the 1970s, a decade of great economic turmoil, the state’s population advanced by 5.7 percent. The 1980s saw a strong recession and a subsequent restructuring of American business; Indi…
Just when you thought you had enough of statistics, let me introduce you to JOLTS. No, this is not something about the NFL Colts. JOLTS is a series of data produced by the U.S. Bureau of Labor Statistics from the Job Openings and Labor Turnover Survey.
Crusty Crawford joined our lunch table with a pronouncement. "We've always assumed a close tie between output and employment," he said. No one responded.
My friend is a carpenter. He has two heavy boxes of tools and several other containers with stuff. I recognize some of the tools, but many of them are mysterious to me.
Rarely do I find a book that I can suggest to all my friends. "College Acceleration: Innovating Through the New American Research High School" by Eric Ban is such a book.
The baseball season is here. Basketball and hockey are slipping behind us. Football lies ahead. This is the time to appreciate, to celebrate the excitement and suspense of our great American game.
Hoosiers, as Americans everywhere, have prepared or are preparing their 2011 tax returns. These voluntary and timely payments account for about 85 percent of the taxes owed to the federal government. Are you part of the 15 percent not in compliance with the tax laws?
Congratulations to the Indiana Department of Workforce Development on the following media release from March 13:
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