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For the first time in President Obama's time in office, unemployment fell below 6%.  Last month's job numbers were better than expected, and the Federal Reserve is tapering off their quantitative easing program. 

With all of this positive news I would like to know more in terms of exactly what kind of jobs were created. To put things clearly: In a simplified job market, if I turn 2 full time jobs into 4 part time jobs, my jobs numbers increase by 100%. My productivity, however, remains…

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Britain shows US how it's done

Yep, we're back in the middle east.  No boots on the ground yet... yet, but there most likely will be soon.  Probably by January (I have my sources).  But shouldn't we have a say in this?  Since when does a nation start fighting anybody without some form of debate on the issue?  Yes it's been done before, but not by democratic leaders.  To better illustrate what I mean when I say we should debate the point of bombing Syria or not, allow me to introduce to you Mr. Jon…

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Payday!

It's no secret that if you work as a bank teller you probably aren't driving a Tesla to your weekend getaway in the Hamptons.  Bank tellers on average earn about $17,00-$28,000 a year.  Not much.  The CEO of First Green Bank, Kenneth LaRoe, wants to change that by ensuring all his employees earn a livable wage.  This could be the start of something beautiful.   LaRoe believes that paying his employees fairly will increase business by keeping his workers happy.  Will that work?  If you are a…

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Iowa couple's 150% tip goes viral

Despite service that 'sucked,' an Iowa couple leaves a $100 tip for the waiter to prove a point about the life of a waiter in America."We've both been in your shoes. Paying it forward," Makenzie wrote on the receipt.The post has gone viral with over a million "likes" and 150,000 shares. She only intended it for family and friends and has been astonished at the reception.But the Schultzes looked around the restaurant and realized something: There was only one waiter serving 12 tables, and…
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Did Starbucks start a pumpkin boom?

Ever since Starbucks introduced its pumpkin spice latte about a decade ago, pumpkin sales have skyrocketed. It's led to the increased popularity of pumpkin-spiced everything, including pumpkin oreos, spicy pumpkin jerky, and "pumpkin spice" malted milk balls.... (which sound kind of nasty)... but they're still selling! 

In the last five years alone, pumpkin sales have risen 34%, according to the U.S. Department of…

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You’re boring. Get used to it.

Bank owners seem to be running a system more like that of a casino than a bank.  The money being generated from the banking system would blow your mind.   With such high profits, these financial institutions are being regulated and investigated more than ever.  -AL…

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Unbelievable.  How much more technology do we really need?  Don't get me wrong.  I'm all for it when there is a good reason involved.  But, seriously, how much is too much?  Personally, I do not have a smartphone and I try not to be on the computer unless I must.  I believe it is exhausting to be around unnecessary information all day.  But enough of my opinion.  Below is an article describing the layers of marketing techniques through technology and how the fifth level is already…

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In today's world, most people enjoy the comfort of their own home to watch movies.  It is cheaper, closer and more relaxing than venturing out to the theaters.  For these reasons, movie-theater owners are finding difficulty in filling seats to make continued profits.  New ideas ranging for 4DX films where the seats move, to being centered by three screens for a 270 degree experience are beginning to emerge.  Personally I believe the three-screen theater is competing with the new in-home…

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Below, entrepreneur Jon Yarbrough's describes to Forbes magazine how he started his business with a lonely foosball table and turned it into a wealthy career.  Yarbrough envisioned that he would be able to develop his own leasing business with his wits and education.  But, his success was partly built out of luck.  The same time that Congress was changing laws on…

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Bitcoin, the new cyber currency, is becoming extremely popular. Despite this, it doesn't surface much in daily operations. Wouldn't it be nice to pay for a coffee using bicoins? Circle seems to think so. The company is trying to streamline bitcoins so that they can be used just as easily as a debit card. They're promising no-fees and competing directly with PayPal. The question is will they succeed, or will this be another failed opporunity?…

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Can the economic climate affect how many children a woman has? Apparently so. It seems that in periods of recession women choose to have fewer kids. The following post describes how researchers tested and came to this conclusion.

Recessions result in lower birth rates in the long run

PRINCETON, N.J.–While it is largely understood that birth rates plummet when unemployment rates soar,…

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As Americans we like to think of ourselves as hard-working people but are we, as a nation, working too hard? This article details the phenomena that is one of our work-weeks. We work more than other wealthy nations in Europe, and do so at nearly any time of day. There are several variables that have caused this, but they mostly stem from the same thorn. Money. Since the level of income is unequally distributed to the masses, many more people are finding the appeal…

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This chart has been circulating the web with high velocity, and deservingly so. It's the "most important chart" because it's displaying the very truth about 90% of the U.S. population. Which is probably you reading this blog post, and is me typing it. We are suffering from inequality, as the economy expands, so does the gap between the wealthy and the rest of us. Is there a way to expand and be more equal?…

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"Why trade matters"

There is no one day when we are not reminded how deeply interconnected and interdependent the world economy is.  Trade has been a major factor of economic development in the XXe century.  As time passed and liberalization increased, so did the difficulties to reach new agreements. The Doha Round Negotiations which started in 2001 collapsed in 2008. 

The international trade community was ecstatic last December when countries achieved a major breakthrough at Bali resuscitating the talks.…

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The Real Reason Why We Believe In God.

This article along with the follow up article was one of the most interesting articles I’ve read thus far in Behavioral Economics. This article explains the Error Management Theory developed by Martie G. Haselton of UCLA and Daniel Nettle of the University of Newcastle and applies it to the real reason why we believe in a high power; God.…

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U.S. Hikes Fee To Renounce Citizenship by 422%

The United States has just made it harder to renounce citizenship, 422% harder, to be exact, to $2,350. The cost seems entirely arbitrary, so how much higher can it get in the future? 

Read the full article here: 

http://www.forbes.com/sites/robertwood/2014/08/28/u-s-hikes-fee-to-renounce-citizenship-by-422/

For some speculative insight and a laugh or two, watch this video response by Peter…

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Why Us Humans are Bad at Investing

“Letting yourself get in the way is a behavioral mistake that many people make. They might own Facebook stock and then look for any information that supports why they should keep it or why it will go up. This is called ‘confirmation bias’ and we’re all susceptible to it. You need to think critically about what could go wrong.”

In an interview with Peter Mallouk by Forbes contributor, Richard Eisenberg, Mallouk describes how…

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They assume that since the economy is now apparently on solid footing, the period of ample accommodation is over. In reality, we have built an economy that is now so leveraged that it needs zero percent interest rates just to tread water.

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital is a fascinating character in the money world with a long-standing reputation for his dismal outlook on the direction in the economy.  He has been…

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Moneyball in the NFL!?!

If you haven't seen the movie "Moneyball" you are wrong and should correct yourself immediately by watching it asap.  What this article proposes could change the NFL more than the introduction of instant replay and the coaches ability to challenge a call.  It's baseball's moneyball, but adapted for the more physical aspects of the NFL.  Baseball has always had statistics and they are easy to gather.  But how do you determine how fast a football player is on average per game, or how quickly…

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Bang bang!

There are a few topics you just don't bring up in conversation unless you are looking for a fight.  Religion, politics, how much you get paid, these are subjects you keep to yourself.  Gun control is quickly becoming one of those topics.  Gun control supporters have some heavy hitters in their corner.  One of whom is Mr. Michael Bloomberg, former mayor of NYC (and still a beast in the business world), is big on gun control.  So big he's put $50mil of his own money on the table in a very…

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