Wednesday, September 16, 2009

A real life hero who influence millions of lives

If you want to make a real difference in this world....don't become an environmentalist or a politician. Become an agriculturalist like Norman Borlaug.

The Man Who Defused the 'Population Bomb' -- One of America's greatest heroes remains little known in his home country.

Monday, September 07, 2009

If you believe hard enough....you can overcome reality, right?

A nice bit of Comedy on our Friends in Washington DC. If you believe hard enough....you can overcome reality, right?

Wednesday, February 25, 2009

How Bad is the Economy Really?

Here is a snippet from this interesting article:

Employment

The indicator that has been garnering a lot of attention recently is the national jobs count. The 3.57 million jobs that have been lost since the recession started in December 2007 are a significant number. However, at 2.6% of the total jobs in the U.S., these losses are not as large as have been seen in previous recessions. Figure 1 compares job losses in each recession since 1945.

Figure 1: Recessions and U.S. Job Losses-A Historical Perspective 1945-Present
Recession
Number of Months
Peak Employment
Month Peak Employment Obtained
Number of Jobs Lost During Downturn
Lost Jobs as a Percent of Total Jobs
Number of Months to Return to Pre-Recession Employment
Feb-Oct 1945

9

41,903,000

Feb-45

3,305,000

7.9%

9 (Jul-46)

Nov 48-Oct 1949

12

45,194,000

Nov-48

2,244,000

5.0%

9 (Jul-50)

Jul 53-May 1954*

11

50,536,000

Jul-53

1,571,000

3.1%

13 (Jun-55)

Aug 57-April 1958

9

53,128,000

Aug-57

2,102,000

4.0%

12 (Apr-59)

Apr 60-Feb 1961

11

54,812,000

Apr-60

1,256,000

2.3%

10 (Dec-61)

Dec 69-Nov 1970

12

71,453,000

Mar-70

1,044,000

1.5%

10 (Sep-71)

Nov 73-Mar 1975*

17

78,634,000

Jul-74

2,115,000

2.7%

11 (Feb-76)

Jan 80-Jul 1980

7

90,991,000

Mar-80

1,159,000

1.3%

6 (Jan-81)

Jul 81-Nov 1982*

17

91,594,000

Jul-81

2,838,000

3.1%

11 (Nov-83)

Jul 90-Mar 1991*

9

109,775,000

Jul-90

1,579,000

1.4%

23 (Feb-93)

Mar 01-Nov 2001*

9

132,500,000

Mar-01

2,678,000

2.0%

39 (Feb-05)

Dec 07-Present

14

138,152,000

Dec-07

3,572,000

2.6%

TBD

Source: US Bureau of Labor Statistics, Current Employment Series (CES), Seasonally Adjusted Data and National Bureau of Economic & Business Research, Business Cycle Dating Committee

*Jobs in these recessions hit their low point after the recession was official declared over. For most, this low point was within a few months. The 2001 recession is the exception--jobs did not reach the trough until August 2003, when total nonfarm jobs reached a low of 129,882,000.

As the chart shows, the current recession is now one of the longest since 1945—exceeded only by the downturns of 1973 and 1981. The current jobs losses are not nearly as severe as those experienced during five previous recessions, when measured as a percent of total jobs.