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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.
Is inflation a problem that should concern retired citizens? The answer is, in the best tradition of economic thinking, yes and no. Plus, I must add, it all depends.
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.
Local economic development organizations (LEDOs) have been severely challenged in the past few years.
You cannot blame Mike Pence for delivering an upbeat inaugural address. Let’s just hope he has a clear understanding of Indiana’s real economic circumstances.
For those of you who like to run to the dictionary while reading this column, I apologize for the simplicity and directness of the words I am going to use.
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.
At a time when hope for our governmental system was ebbing during the fiscal cliff crisis, several hundred young Hoosiers gathered at IUPUI in Indianapolis to refute despair.
Home during Washington’s fiscal cliff negotiations, Indiana’s third U.S. Senator – Phinneas Pfogghorn – met with me for a late afternoon coffee.
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.
FThe great shopping season is upon us. First, Halloween; now, Christmas. Americans tell us much about what they value, in time and money, as they hand over their cash, checks, debit and credit cards.
The Rockefeller Foundation has called for ideas that address the nation’s youth unemployment situation. Here are mine:
During the recent election campaign, candidates talked about per capita personal income, or PCPI, as a measure of our state’s economic success.
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…
If you buy a pack of chewing gum, your consumption of that gum does not infringe on my well being.
One of my recent columns on economic development prompted three thoughtful questions from a friend.
Economic development is not a single story told in a hurried voice. Rather, economic development is an intertwining of two tales told patiently with significant attention to detail. There is the major theme of big projects which give rise to hundreds and thousands of small investments that f…
Recently the Kentland Economic Development Commission, or KEDC, met in the Town Hall to discuss and resolve a key issue concerning the town’s future. It did so successfully, demonstrating the best of Hoosier values.
He is waiting for me at our usual meeting place, cigarette half smoked, and cynicism in his eyes. Sore Throat, the most secure state government employee, hacks a greeting and we begin to walk along the canal that winds north from the State Office Building.
This should be a no-brainer, but many unthinking people are blocking gun control in this country.
A reader wrote to ask, “Where are the jobs that pay well?”
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.
Every month we get snapshots of employment from the U.S. Bureau of Labor Statistics and the Indiana Department of Workforce Development.
Last week the Bureau of Economic Analysis in the U.S. Department of Commerce released the latest state quarterly personal income data for the first quarter of this year. The timing could not have been better.
"We ought to be more concerned about the future." Mervyn Muddlestone made this profound pronouncement as I was surveying my Cobb salad.
"More than 100 people lost their jobs when the Indiana Toll Road automated its toll collection system." Dwight Duwright shouted in my ear as we stood at a social gathering.
The American home had been on a diet, but the latest evidence is homes are getting bigger once again.
What do you care if the Hammond buses stop running? Hammond is up there in the northwest corner of the most northwest county in the state. In fact, what do you care if all the public bus routes in the state were closed down?
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.
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