Tag Archives: recession

Stacked rigs are seen along with other idled oil drilling equipment at a depot in Dickinson, N.D., June 26, 2015. REUTERS/Andrew Cullen

Moody’s Report: North Dakota Will Emerge From Recession by the End of 2016

Moody’s Report: North Dakota Will Emerge From Recession by the End of 2016

Has North Dakota hit the bottom of the post-oil boom economic downturn? A point from which the bleeding in terms of declining economic activity and tax revenues can begin to recover? Moody’s Analytics, which contracts with the state to do just that sort of economic forecasting, seems to think so. Though given the company’s poor track

A Father's Day Lament

Father’s Day isn’t quite the same as mother’s day. Every year statistics, well-worn but still true, are cited to prove it. There are more collect calls on Father’s Day than any other day of the year. About 140 million moms receive cards for Mother’s Day, compared to just 90 million dads getting Father’s Day cards.

Number Of Women As Top Household Earners Growing, Birth Rates Falling

According to a Pew study, women are becoming the top income earners in an increasing number of households. Part of that increase is due to an increase in single mother households – not a positive for our society – but what’s interesting is that the number of married women who are the top income earners

Feds Want Drunk Driving Level Lowered To .05 BAC

The federal government bullied the states into lowering the blood alcohol level at which point a driver is considered drunk to .08 years ago by threatening to remove federal transportation funds for state that didn’t comply. Now the feds want to go even lower, taking the legal limit down to .05 BAC. WASHINGTON — States

If You're Stuck In A Part-Time Job, Thank Obamacare

At FreeEnterprise.org they’ve posted these scary jobs numbers from the Federal Reserve showing a sharp uptick in people with part-time jobs, which remains well above pre-recession levels: According to the New York Times, millions of Americans who want more work hours are stuck in part-time jobs: In March, 7.6 million Americans who want more hours

The Size Of North Dakota's Workforce Has Increased 31% Since 2000

At the national level we’re not making a lot of headway on the economy, but the national unemployment rate keeps edging down because the national workforce is shrinking. And it’s shrinking because so many people are leaving it, giving up looking for work altogether. The exact opposite is true here in North Dakota. Not only

Obama Pushing Banks To Make Subprime Loans Again

“Obama administration pushes banks to make home loans to people with weaker credit,” reads the Washington Post headline. Because it worked out so well the last time we did that. The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say

Federal Tax Receipts To Set A Record

From the way President Obama and Democrats talk about taxes in America, you’d get the idea that our problem is that we aren’t taxed enough. Yet, according to the CBO, tax revenues are on pace to hit an all-time record this year. The previous record was set in 2007, capping a multi-year expansion in federal

ND Senate Bails Out Public Worker Pensions, But Authorizes Study For Move To Defined Contribution Plans

In his speech carrying SB2059 to the floor, Senator Dick Dever noted an alarming fact that I’ve written about before here on SAB: North Dakota’s public employee pension system, PERS, has fallen to being only 67.4% funded. In 2011 the fund was 70.5% funded, and not so many years ago the fund was 104% funded.

With Call For Minimum Wage Hike Obama Is Putting The Screws To Young Americans Again

Obamacare is turning out to be a swift, hard kick in the pants for America’s youth (a demographic that voted overwhelmingly to re-elect the President). Now, with his call during his State of the Union address for an increase in the minimum wage, President Obama is set to put the screws to younger Americans again.

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