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I was ridin’ down the road a couple of weeks ago and it was gettin’ pretty late. I was determined to make it home, but my ol’ belly was tellin’ me that it was in need of some groceries. more
The recent outbreak of ransomware “WannaCry” sent tremors through the global economy and brought fears of more to come. more
Last weekend, my daughter and about three hundred of her closest friends got on a charter bus and headed to Washington D.C. Alongside these three hundred is their brilliant leader, who has made this trip a couple dozen times, but this time was his last trip. Yes, folks, I’m referring to Denny Whitley and the Whitehouse High School band. Mr. Whitley is retiring, so this is his final band trip. My daughters and so many others have been more
Small businesses generate substantial economic activity. They cover the spectrum from new tech startup to well-established retailer, and it has long been acknowledged that they are important sources of new jobs (though early studies were overstated). more
The Phone Creatures are back. There for a while they’d been scarce, but the other night one called. Phone creatures, for you out there that just started readin’ this junk I write, are what I call those pesky salespeople who call you on the phone tryin’ to sell you somethin’ that you don’t either want or need. You know the ones I’m talkin’ about. more
The next few decades will bring major changes in the U.S. labor market. The growth rate will slow and the labor force will become older and more diverse. The percentage of the population which is working will also continue to fall. more
EDITOR’S NOTE: Every once in a while, Rusty gets lazy and somehow talks his wonderful wife Janet into taking over his column duties. She rescued him this week when he said he was “out of town.’’ more
Markets are among mankind’s most powerful inventions. Although they have existed in some form for several millennia, it is only in the past few centuries that we have used them to organize entire economic systems. Once we turned them loose, we unleashed a period of global growth unlike anything that had come before. They are not perfect, but they are truly remarkable and, like most economists. I am a big fan. more
EDITOR’S NOTE: Perhaps the only thing better than Rusty telling a fishing story is one that has three chapters. This week, we’re running the final chapter of “Being overcome by gold fever.’’ more
Things are definitely looking up in the oil and gas business, with more rigs, more jobs, and more spending. The economic benefits of this activity are rippling through the economy, and that is definitely good news. It looks like we may have turned the corner back toward expansion, though there are some signals that the recovery may face some challenges. more
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