According to a report today from Wards Auto, “U.S. big-truck sales soared in May, up 61.9% vs. a year-ago and far surpassing April’s 31.2% increase, previously 2011’s best monthly performance. Class 8 sales made the biggest leap, up 82.4% thanks … read more
In the Chronicle of Higher Education, economist Richard Vedder writes: “Why doesn’t someone—say, the Gates Foundation—hire 100 or so stellar professors in 20 disciplines to offer perhaps 150 to 200 absolutely superb courses online, with testing administered by an outside … read more
Here’s a website that documents the amazing drop over time in the cost of hard drive storage space, via Craig Newmark who aptly refers to this phenomenon as “one of the economic and technological wonders of our time.” The chart … read more
The spate of suicide attacks in Mogadishu – three in two weeks – could be an indicator that the gains after recent offensives were only temporary. Just Monday, the African Union Mission in Somalia (AMISOM) reported that additional districts in … read more
The company CoreLogic calculates and reports a monthly home price index (HPI), similar to the Case-Shiller Home Price index, and is being featured on CD for the first time today. The CoreLogic HPI is a “repeat-sales index that tracks increases … read more
Former Minnesota Governor Tim Pawlenty, in a major economic speech last week, called for targeting a 5 percent economic growth rate, arguing that “such a national economic growth target will set our sights on a positive future. And inspire the … read more
For the families of the more than 160 people killed in the 2008 Mumbai terror attacks, there will be no justice coming from the Windy City. After two days of deliberation, Chicago businessman Tahawwur Rana was acquitted Thursday on charges … read more
Update: 52 percent last night when originally posted, now down to 35 percent.