“You have to expect things of yourself before you can do them.”
– Michael Jordan
If you are presently retiring, moving or divorcing, try tracking all of your expenses for the next few weeks or months. Big life changes like these may mean big revisions to your budget.
There is a 5-letter, single-syllable word that you can take 4 letters out of, leaving you with only a single letter that has the same pronunciation as the original 5-letter word. What is this word? (Hint: it involves waiting in line.)
Last week’s riddle:
Last week’s answer:
Herb and Job.
August 8, 2011
PRIVATE SECTOR ADDS 150,000+ NEW JOBS
A SILVER LINING IN JUNE’S CONSUMER SPENDING
Basic Commerce Department data shows that personal spending fell 0.2% in June as personal incomes rose just 0.1%. Factor in inflation, and the story differs. Real disposable income increased 0.3% in June for the best advance since May 2010, and inflation-adjusted consumer spending was merely flat for the month.3,4
ISM BAROMETERS INDICATE MODEST GROWTH
WALL STREET BRACES ITSELF
THIS WEEK: The release schedule is light. No major earnings reports or domestic economic indicators will appear Monday. Tuesday, the Federal Reserve’s Open Market Committee will almost certainly leave the federal funds rate untouched (we’ll see if they say anything about an additional stimulus); Disney will present 2Q results. Wednesday, Macy’s and Cisco issue 2Q earnings reports and we get a report on wholesale stockpiles for June. Thursday brings earnings from Nordstrom, Kohl’s and Nvidia and another round of initial and continuing jobless claims figures. Friday may offer the most news – Census Bureau data on July retail sales, the initial August consumer sentiment poll from the University of Michigan, data on June business inventories, and 2Q results from JCPenney.
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1 – money.usnews.com/money/careers/articles/2011/08/05/along-with-lack-of-jobs-a-wage-problem [8/5/11]
2 – foxnews.com/politics/2011/08/05/when-good-news-is-bad-unemployment-rate-drops-as-workers-bolt-labor-force/ [8/5/11]
3 – bea.gov/newsreleases/national/pi/pinewsrelease.htm [8/2/11]
4 – theatlantic.com/business/archive/2011/08/americans-did-not-em-really-em-cut-spending-for-first-time-in-20-months/242965/ [8/2/11]
5 – ism.ws/ISMReport/NonMfgROB.cfml [8/3/11]
6 – cnbc.com/id/44032861 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F5%2F10&x=0&y=0 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F5%2F10&x=10&y=18 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F5%2F10&x=0&y=0 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F4%2F06&x=0&y=0 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F4%2F06&x=0&y=0 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F4%2F06&x=0&y=0 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=8%2F6%2F01&x=0&y=0 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=8%2F6%2F01&x=0&y=0 [8/5/11]
7 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=8%2F6%2F01&x=0&y=0 [8/5/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [8/5/11]
8 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [8/5/11]
9 – treasurydirect.gov/instit/annceresult/press/preanre/2001/ofm71101.pdf [7/11/01]