As you read these Everyday Dollar Diaries, it becomes obvious just how much it costs to keep living: eating, keeping yourself clean, getting from one place to another. In addition to the freelancer, Mr. Everyday Dollar also recently profiled a musician, a student, and a single mom. None of these people were spending money on what you might call “stuff;” the only person who seemed to be making a lot of discretionary purchases was the mom, and piano lessons and summer camp registration for her children ride the line between “discretionary” and “necessity.”
Every Daily Treasury Statement since Monday, March 16, has reported the debt beginning and ending each day at $18,112,975,000,000.
Table III-C on the Daily Treasury Statement for June 11 says the debt began the month of June at $18,112,975,000,000, began the day of June 11 at $18,112,975,000,000, and closed the day of June 11 at $18,112,975,000,000.
Zimbabwe phases out local currency at 35 quadrillion to US$1 (Arthur Robey)
Hyperinflation in Zimbabwe gained momentum in 2000 when Robert Mugabe, who has been the country’s President since 1987, changed his economic policy and implemented land reform. Mugabe granted farmland owned by white citizens to indigenous black Zimbabweans, who were uneducated and knew nothing about farming. As a result, Zimbabwe turned from an agriculture exporter into an importer, which resulted in 94 percent unemployment and hyperinflation.
Commodities show a totally different picture. We have selected the key segments, softs (cotton, coffee, sugar, etc), grains (wheat, corn, soybeans, etc), base metals and uranium. We excluded oil and natural gas as their trend between last summer and Q1 2015 is so well-known. Gold is not in the charts above but in the currency selection below.
In the early years of the Obama presidency, there was a huge “output gap” between the nation’s economic potential and its reality — $1.1 trillion in the spring of 2009, based on the Congressional Budget Office’s estimate of potential G.D.P.
That was the gap between the level of economic activity the C.B.O. thought would be plausible if there had been full employment and businesses operating at full capacity, as compared with the actual economic reality of that time.
A High School For The Homeless (jdargis)
Joe Wiseman, Monarch’s principal, says educating homeless students isn’t easy. They often come to Monarch after attending several high schools in different cities, and they tend to have large breaks in their schooling and face profound educational challenges. What’s important to Wiseman is that they feel safe at Monarch. “Here, they all share the same story,” he says. “There’s no reason to be embarrassed, we eliminate all those barriers. Every day they come to a safe place and focus on learning.”
And when legislators here tried to enact a law this spring to allow homeowners to harvest the rain, conservationists got a lesson in the power of the entrenched rules that allocate Western water to those who have first claim to it. Even if it is the rain running down someone’s roof.
The researchers believe that the dolphins were caught in ice brought on by unseasonably cold weather and as surfacing holes in the ice grew fewer and fewer, they became increasingly vulnerable to attack from above.
The bear that made the kill was seen burying his catch for later, a behavior not commonly associated with polar bears, as having excess food is a rare luxury in the far north where being opportunistic is principal to survival.
Gold & Silver
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