Is the Recession Over?August 2, 2010
Split DecisionWe're looking for signs of recovery but the verdict is still out. Economists appear to be split down the middle regarding the most pressing financial question for everyone: Is the recession over?The Nieman Watchdog Reports from Harvard, as well as the most recent report from Economy Watch, are getting analyzed and re-analyzed, as economists, journalists and lay people alike try to figure it out. Carol Forsloff of Digital Journal has parsed the points of those reports, comparing its rather bleak outlook with a more positive forecast that was published by Science Daily in November 2009.In depth report:Economists say U.S. poised for worsening financial catastrophesDigital Journal sip itWhile some are seeing losses from their 401(k)s rebound as stock portfolios continue to rise and seemingly stabilize, the caveats are everywhere:• the recent upswing in stocks is the result of government stimulus money only• high unemployment• banks still Ponzi their own books• national debt• $3.8 trillion budget blueprint• health care costs...and the list goes on.Living in a state of chronic pessimism isn't very helpful but living in a state of denial about the scope of the problems and the time it will take to correct them — and believing that everything can return to "normal" — probably isn't realistic. A new normal is arriving, as the following reports make very clear. And with that, we'll all continue to make course corrections and adjustments.NewsSip
Photo Credit: Bread by Peggy Greb

06.21. 2010 MONEY + NUMBERS counting the news... |
Toy Story 3 opening gross
$110.3M
•
Shrek the Third (2007) opening gross
$121.6M
•
Amount marketers currently spend each year marketing foods to kids
$1.6B
•
Adjusted age limit for American Idol contestants
15
•
Age of girl in the Netherlands banned from circumnavigating the world
13
•
Year of the Child Pilot Safety Act banning children from solo aerial
record-setting attempts
1996
•
Age of Abbie Sunderland who failed to circumnavigate the world
in her sailboat
16
•
Amount of Michael Jackson debt due at the end of 2010
$300M
•
Amount in BP escrow account delegated for affected Gulf residents
$20B
•
Estimated cost of daily civil fine to BP for oil spill
$280M
•
Analyst's estimated total legal costs for BP oil spill
$62.9B
____________________________________________________________________
Sources: New York Times, Reuters, Time Magazine, IMDB NewsSip
Photo Credit: Daniel Case

06.14. 2010 MONEY + NUMBERS counting the news... |
Number of Tony Awards won by Best Play winner Red
6
•
Number of Broadway incarnations of La Cage Aux Folles
3
•
Years of La Cage Aux Folles's Broadway premiere and revivals
1983, 2004, 2010
•
Release year of the original Karate Kid
1983
•
Release year of the original A-Team
1984
•
Box office gross for The Karate Kid film revival
$56M
•
Box office gross for The A-Team film revival
$26M
•
Number of ABC viewers who watched U.S.-England World Cup game
12.95M
•
Number of ABC viewers who watched the 1999 Women's World Cup final
18M
•
Number of the latest version of the USDA Food Pyramid
12
•
Estimated percentage of Americans who eat according to
Food Pyramid guidelines
2 - 4
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Sources: New York Times, Playbill, AP, IMDB NewsSip
Photo Credit: Daniel Case

Jaws turns 35 this summerJune 9, 2010by Scott Saalman
More than three decades have passed since I first witnessed, from the safety of my ancient Swiss Theater seat, a monstrous great white shark indulge in a feeding frenzy of actors – from its first victim, a skinny-dipping blonde tugged and jerked violently by an unseen underwater predator with a hunger for torso, to the final victim, Captain Quint, a crusty, shark-killing maniac fatally bitten when Jaws decides to board Quint’s sinking boat.
You could always tell how suspenseful a movie was at the Swiss by the squeaking of its old, torn seats. The night I saw Jaws, the theater was a squeak fest, moviegoers twisting and sinking and bouncing and screaming in their loud seats, gripping their chair arms like life preservers.
I was 10 when Jaws swam its way to Tell City, Ind. To this day, no movie has left a lasting impression on me the way Jaws did. Never before had I seen anything so frightful and graphic on the silver screen: a boy about my age devoured in broad daylight while floating on his raft (traditionally, hadn’t horror movies told us we were safe during the day?); a bloated human head popping out of a sunken, shark-bitten boat; a man’s pale, severed leg sinking to the bottom of the sea.
I became an indirect victim of Jaws. The great white scared me so much that I boycotted Saddle Lake the rest of that summer, certain that a freshwater equivalent of the sharp-toothed beast was waiting just beyond the ropes, a giant catfish, perhaps. If it was a movie, we could call it Whiskers.
I even received permission to sleep on my parents’ bedroom floor the night I returned from the movie…and the next night…and the next night. I gradually moved my sleeping bag into the hallway until eventually, swimming seasons later, I found the courage to sleep in my own bed again.By then, Jaws 2 was released.
Just when you thought it was safe to go back into your bedroom.
I have seen Jaws scores of times since 1975.
I habitually re-watch it in the summer, each time relieved when Chief Brody finally blows up the shark, turning the man-eater into a shower of Technicolor chum.
Jaws holds a special place in my horror movie heart because it was the last movie to really scare me. I cling to Jaws, even more so today, because it reminds me of how scary a movie can be to a boy just as he enters his second decade of life. Unfortunately, that same boy must grow up too quickly and no longer fear the scripted horrors that Hollywood hashes out. Let’s face it, the curse of adulthood is that movies can no longer scare you.
I also watch Jaws as a reminder of the importance of the Swiss Theater, that towering, one-screen wonder with sticky floors, a cry-baby room and dreaded bouncers who threatened to drag your butt out onto Main Street for throwing popcorn at the screen.
Although the Swiss has been closed for decades, even now I can watch Jaws and still hear the squeaks, still taste the Oompas candy and sweet black-cherry pop, still recall the Friday night popcorn wars as the kernels flew through the dancing rays of the old projector lights.
Not long ago, I watched Jaws on TV again. I can’t think of a better movie to watch on a Saturday night. As Brody and Hooper, the ichthyologist, paddled toward shore and the movie credits rolled, I fought the temptation to call my parents to see if I could sleep on their floor. I did not sleep that night. NewsSip

06.07. 2010 MONEY + NUMBERS counting the news... |
Multiple rate at which prime-time TV food commercials promote fat compared
to the recommended amount
20
•
Multiple rate at which prime-time TV food commercials promote sugar compared
to the recommended amount
25
•
Current percentage of new marriages in the U.S. that are interracial
14.6
•
Percentage of interracial marriages in 1980
6.8
•
Percentage of Millennials (18- to 29-year-olds) who say they
accept interracial marriages
85
•
Year of Loving v. Virginia, the Supreme Court case that overturned race-based legal restrictions on marriage
1967
•
Alleged number of spilled gallons of oil being captured daily by
BP's containment cap
462,000
•
Current estimated number of gallons of oil leaking daily into the Gulf
1M
•
Miles of coast from Louisiana to Florida touched by the oil spill
100
•
Number of Jeep Wranglers and minivans Chrysler is recalling
in the U.S.
600,000
•
Number of Jeep Wranglers and minivans Chrysler is recalling
outside of the U.S.
100,000
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Sources: Pew Research Center, New York Times, Reuters, AP NewsSip
Photo Credit: Daniel Case





