When the going gets tough, the weak get going on their babies. A new study finds a rise in “shaken baby syndrome” correlates with economic downturns. At one hospital, the number of babies that were hospitalized for what is known as “non-accidental head trauma” doubled during th recession. [More]
Paul Krugman, economist and NYT columnist thinks so, and suggests that now is not the time to radically cut back in spending. He says that recent speeches coming out of Europe seem to be taken from the Hoover playbook, and he’s worried. [More]
To win a state contest, four Wisconsin fifth graders took a hypothetical $100,000 and more than doubled it in 10 weeks, according to an AP story. The kids focused on financial stocks, which they correctly figured had bottomed out. Out of the 15 stocks they fantasy-invested in, 13 were profitable, the biggest winners being Deutsche Bank and JP Morgan. The kids won a trip to the New York Stock Exchange, where they were surely viewed with utter exasperation.
A new survey from Freddie Mac says that 57% of delinquent homeowners are unaware of so-called “workout” options that could help them avoid foreclosure.
The ongoing subprime meltdown is merely the first destructive wave of credit catastrophe to wash over Wall Street, according to Slate’s resident explainer. Americans drunkenly bandy credit around in several forms: mortgages are the most prevalent loans turning sour, but credit card debt, student loans, and auto loans are silently conspiring to threaten our macroeconomic well-being.
I got Riley a kid’s meal at Chick-fil-A yesterday. It had the obligatory “prize/toy” enclosed. This one was lamer than usual. It was a roughly 2″ X 2″ cube that had questions on each side. The intent, I believe, is to spur conversation during a family meal. Everyone takes a turn rolling the “die” and answering a question.