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Media Predictions on Unemployment and Jobs Off by Wide Margin

admin — Fri, 02 May 2008 19:24:46 +0000

Paul Detrick

Weathermen can be wrong, and so can economic forecasts.

The Labor Department reported May 2 that there were 20,000 jobs lost in April and the national unemployment rate fell to 5 percent from 5.1 percent the month before. But before Labor Department numbers came out, surveys among many news organizations were downbeat in their predictions, saying that there would be around 75,000 jobs lost in April and an uptick in the unemployment rate to roughly 5.2 percent.

'Today' Tells Viewers Fall in the Stock Market Can Be a Good Thing

admin — Tue, 13 Nov 2007 18:02:41 +0000

Jeff Poor

You wouldn’t know it from the gloomy media coverage, but the stock market is up for the year. The Dow Jones Industrial Average (DJIA) is up a little over 5 percent for the year, but its volatility has been something of a distraction.

But Suze Orman, host of CNBC’s “The Suze Orman Show,” told viewers on NBC’s November 13 “Today” that if you’re investing for retirement, a lower stock market is exactly what you want.

What Happens to Companies That 'Go Green'

admin — Mon, 15 Oct 2007 17:20:29 +0000

Jeff Poor

Have you heard the one about the company that “went green” and ended up actually saving money? Sounds great, doesn’t it?

The problem is the connection between the two is less than certain.