How can that be? Lies, damn lies, and statistics, according to a phrase popularized by Mark Twain. The Bureau of Labor Statistics reported that the national economy gained 162,000 jobs in March, 2010, specifically nonfarm payroll employment. The unemployment rate stayed steady at 9.7%. Because more people were thought to be looking for a job(less […]
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Giant electronics retailer Best Buy reported the 4th quarter sales rose 37%, led by sales of notebook computers and televisions. Executives detailed plans for the Apple iPad, which will be featured in all 673 Best buy Stores that have Apple stores in them. However, they will not be taking pre-orders, which probably ensures a mad […]
Financial Engines, a San Carlos company that provides investment advice to 401(k) plans, went public on March 16th, at $12/share. It closed at $17.60 on Friday, 3/19/10, up 47%. Co-founded by Noble Laureate William Sharpe, and backed by several VC and private-equity investors, the company contracts with sponsors of 401(k) plans to provide site-specific advice […]
Ethan Allen, a major manufacturer of home furnishings, reported last week that orders for the first two months of 2010 improved by 25% over last year’s admittedly low numbers. The improvement is attributed to a pickup in housing sales. Ethan Allen’s only domestic upholstery plant, located in North Carolina, is running six days per week, […]
The country lost 36,000 jobs in January according to the Department of Labor. That was a smaller than expected number, and lent hope that with spring just around the corner, hiring would resume soon. A year ago, the ecomomy was losing about 750,000 jobs per month. The trend is up! Hire some new people and […]
California gained 32,500 net new jobs in January 2010. This is only the third month in the last two years where the state’s total payrolls rose rather than shrunk. The state unemployement rate rose to 12.5% from 12.3% however, as more previoulsy discouraged job seekers got back into the job market.
Gross Domestic Product growth for the 4th quarter of 2009 was revised upwards on Friday 2/26/10 to an increase of 5.9%, the strongest growth since 2003, at the end of the last recession. Nationwide, housing sales remain weak, and unemployment remains high. This is what things usually look like as a recession morphs into a […]
The chair is plain but strongly built to handle heavy duty.
The Tilt-Back Side Chair, a classic from Charles Eames. Designed and manufactured in 1944, this example is the collection of the Museum of Modern Art in New York. It’s beautiful to look at but is it comfortable to sit in? And what would happen if the gal in the blue shirt sat on it?