Second Quarter GDP Revised Up

The US economy grew faster than expected in the second quarter. The Bureau of Economic Analysis revised second quarter GDP growth from 1.7% to 2.5%. That represents double the growth of the first quarter, which came in at 1.1%. Data also suggests fairly strong job growth in August, which means the economy may be picking…


Housing Market Cools

The rise in the US housing market appears to be slowing down. Housing prices in June increased less than expected, but are still showing respectable year over year numbers. The S&P/Case-Shiller index rose 12.1% in the month. Experts have been worried about the market as mortgage rates begin to climb. Housing was one of the…


Alabama Has Second Lowest Unemployment Rate In Southeast

The Alabama economy continues to improve from the depths of the great recession. The state has now become a regional standout, ranking second in the southeast in terms of lowest unemployment rate. Alabama’s 6.3% unemployment rate was bested by only Virginia, which clocked in at 5.7%. While the entire nation has seen its economic picture…


The Butler Tops Box Office

The Butler

There was a surprise at the top of the box office this weekend, as Lee Daniels’ The Butler came in at number one with $25 million in its debut. The film beat out a strong second week performance from We’re the Millers, which brought in $17.7 million. Elysium fell to third place after opening number…


Republicans Have Abandoned Reason For Madness

Republicans

What happened to the Republican Party? The party of Lincoln, Roosevelt, and Eisenhower has somehow morphed into the party of Boehner, McConnell, and Cantor. Compromise is a dirty word, and dedication to eliminating a single program trumps all else. Thanks to Republican obstruction, the latest Congress put the ‘Do Nothing Congress’ to shame. To understand…


Elysium Tops Weekend Box Office

Elysium

Elysium squeezed by We’re the Millers to come out on top on the domestic box office this weekend. The movie brought in $30.5 million, coming up just short of industry expectations. The film was expected to bring in around $35 million. Elysium features Matt Damon and Jodie Foster. We’re the Millers was close behind with…


Facebook Risks Becoming Myspace

facebook risks becoming myspace

Facebook is one of the most popular websites in internet history. Hundreds of millions visit the site daily, and spend hours browsing. The social network has grown far larger than the previous kingpin in the field, Myspace, and has lasted longer on top. Internet users are a fickle bunch though, and todays phenomenon can easily…


Joblessness Falls To Six Year Low

Last week, applications for unemployment benefits rose by 5,000 to 330,000. Despite that small climb, the 4 week rolling average fell 6,250 to 335,500. That represents the lowest figures in almost 6 years. Initial unemployment claims have fallen 10% since the start of the year. All of this data proves to a growing job market.…