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News Ticker from FNC

Saturday, February 26, 2011

Numerology Class

I'm sorry but this just is NOT signs of a recovering economy ... or a growing/thriving educational system ....
===============
Price of an Education
***********
Dallas School Board
Pay Teachers To Quit
(62 or older, 10 yrs service)
gives leaving teachers $10,000 bonus
total cost: $7Million
************
Spending Per Pupil (Wisconsin)
Doubled in last 10 yrs - thru 2008
Test scores went down
************
Spend more per pupil
compared to other countries
which do better on scores
=====================
National Economic Growth
$$$$$$$$$$$
Last Quarter Growth numbers revised
DOWN to 2.8%
not 3.2% originally reported
$$$$$$$$$$$
Comsumer Spending
Up 4.1% last quarter
fastest since 2006
$$$$$$$$$$$
Government Spending
DOWN 1.5% last qtr
$$$$$$$$$$
New Home Sales
322,000 (2010)
LOWEST in 47 yrs
=============
Monthly Numbers
#####
Consumer Confidence (FEB2011)
Highest level in 3 yrs
#####
Big Ticket Items (January)
Dropped most in 2 yrs
#####
Durable Goods Orders (January)
[w/o transportation]
DOWN 3.6%
#####
Pre-Owned Home Sales (January)
UP 2.7%
#####
Median Pre-Owned Home Cost
DOWN 5.7%
$158,800
#####
New Home Sales (January)
DOWN 12.6%
#####
Median New Home Cost (January)
DOWN 2%
$230,600
#####
First-Time Home Buyers
29% of Homes (January 2011)
nearly 1/3 of homes sold (historically, more likely to default)
=====================
Weekly Updates
%%%%
Weekly Jobless Claims
DOWN 22,000
391,000
%%%%
30-yr FIXED Rate Mortgage
below 5%
4.95% (Freddie Mac)
[5.05% 1 yr ago]
%%%%%

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