The Commerce Department reported earlier this month that real wages continued to fall in August, thereby pinching Americans’ buying power. Since consumer spending makes up apprx. 70% of Gross Domestic Product, the decline in wages explains in part why our economic recovery is so weak. GDP grew by only 0.4% in the 1Q and 1.0%… Continue Reading
Monthly Archives: September 2011
Record Wildfires in Central Texas
You probably noticed that the Central Texas area where I live was ravaged by out-of-control wildfires over the Labor Day weekend, and several large fires continue to burn as this is written. Most of Texas has been in a record drought all year. We also set a new all-time record for days above 100 degrees… Continue Reading