SUBMITTED NEWS RELEASE
Will discuss Nevada’s budget crisis and call for special legislative session
CARSON CITY, Nev. – Gov. Jim Gibbons today announced he will deliver a special State of the State message on Monday, Feb. 8, 2010, at 6 p.m. Gibbons will discuss Nevada’s budget crisis and will call for a special session of the...
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SUBMITTED NEWS RELEASE
CARSON CITY — The Nevada Department of Employment, Training & Rehabilitation today released the unemployment figures for October 2009. Statewide, unemployment decreased from 13.3 percent to 13.0 percent during October. Unfortunately, Gov. Jim Gibbons believes this to be a temporary drop and not a sign that Nevada’s economy is turning around.
“I would...
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Now that the who-haw over President Obama’s winning of the Nobel Peace Prize is subsiding, was the story really that big of a deal? Is it so big that the traditional media needs to spend the better part of a week on it? It seems everyone is trying to find some greater meaning from...
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In part 1, we saw that there is no necessary link between deflation and depression. The deflation that appeared in the Great Depression seems to be an abberation rather than a rule. So, why the near hysterical reaction by our leaders to stop deflation?
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When politicians and economists talk about deflation, what they really mean is price deflation; when the cost of goods and services fall. When the credit crunch hit, this became commonly refered to as a “threat of deflation”, which could lead to a “dangerous deflationary spiral”. Conventional wisdom states that it is dangerous because that’s...
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