Word: month
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During my first month on Blippy, which was in beta until Jan. 14, my proclivity for eating at Mexican restaurants quickly became a topic of conversation among the strangers who started following me on the site. As I scrolled through other users' purchases, I was reminded that most people sometimes go to grocery stores instead of eating out every night. I noticed another Blippy member getting joshed about how often charges showed up from a particular bar. He bantered back that to avoid the appearance of a drinking problem, maybe he should switch to cash...
...month of January offered those who track the ups and downs of the U.S. economy 92 significant data releases and announcements to digest. That's according to a calendar compiled by the investment bank UBS. The number doesn't include corporate earnings, data from abroad or informal indicators like, say, cardboard prices (a favorite of Alan Greenspan's back...
...take jobs. In early December, the Labor Department's monthly report surprised on the upside - and brought lots of upbeat headlines - with employers reporting only 11,000 jobs lost and the unemployment rate dropping from 10.2% to 10%. A month later, the surprise was in the other direction - unemployment had held steady, but employers reported 85,000 fewer jobs. Suddenly the headlines were downbeat, and pundits were pontificating about the political implications of a stalled labor market. Chances are, the disparity between the two reports was mostly statistical noise. Those who read great meaning into either were deceiving themselves...
Most of us aren't professional forecasters. What should we make of the cacophony of monthly and weekly data? The obvious advice is to focus on trends and ignore the noise. But the most important economic moments come when trends reverse - when what appears to be noise is really a sign that the world has changed. Which is why, in these uncertain times, we jump whenever a new economic number comes out. Even one that will be revised in a month...
...coming month, the UC leadership will submit to the College administration a comprehensive proposal detailing each student organization’s ideas for J-term programming, according to UC Vice President Eric N. Hysen...