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In the long run we are all dead. – John Maynard Keynes

By   /  August 12, 2013  /  Charlie Harper, Opinion  /   Comments

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Tweet by Charlie Harper John Maynard Keynes has become the whipping post for many who have studied just enough economics to not understand the subject but convince others who have not studied it at all that they are experts. That, fortunately for those of you still reading, is a column topic for another day. Instead [...]

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It’s all your fault

By   /  April 2, 2013  /  Tom Knighton  /   Comments

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Tweet Times are tough.  I get that.  In fact, I’m struggling as much as anyone else right now, so I understand that.  Your struggling though?  Yeah, that’s all your fault. OK, there are some reading this who genuinely did things right and are still struggling.  For most of us?  It’s our fault.  Please note my [...]

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What’s to be done about unemployment rate?

By   /  January 24, 2013  /  Tom Knighton  /   Comments

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Tweet Earlier today, we reported here that Albany’s unemployment rate rose to 9.7 percent for December of this year.  That was up from 9.2 percent in November, though it was down from the 9.8 percent it was in December of 2011.  The question is, what is to be done about it? First, let’s note that [...]

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If this is recovery, I’d hate to see recession

By   /  January 4, 2013  /  Tom Knighton  /   Comments

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Tweet A number of businesses have closed their doors or contracted their operations in the past month.  So many, in fact, that I have to say that if this is economic recovery, I’d hate to see recession.  After all, recovery is supposed to be about improving our economic condition, and this definitely isn’t it.

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Quit waiting for things to happen

By   /  November 16, 2012  /  Tom Knighton  /   Comments

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Tweet “I wish something good would happen.”  I’ve heard that phrase repeatedly, but I tend to ask the person what they’re doing to make thing happen?  After all, great things never just happen.  Great things aren’t accidents.  They are the culmination of things you did so they can happen.

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Albany among poorest in nation

By   /  October 25, 2011  /  Government  /   Comments

Tweet By Tom Knighton Albany is the fourth poorest community in the nation, according to DailyFinance.com, a financial website owned by AOL, in a list published on their website Oct. 21 of this year.  The website calculated its decision based on multiple criteria, but primarily on the median household income.  Other factors that contributed to [...]

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Best hope for economic recovery

By   /  April 9, 2011  /  Tom Knighton  /   Comments

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Tweet With unemployment numbers showing a very modest drop in unemployment warrant a discussion on what is really needed to help Albany recover not just from this recession, but the funk this town has found itself in since Firestone shut down almost three decades ago. For my money, I believe that we need jobs that [...]

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Labor market gaining steam

By   /  April 7, 2011  /  Aaron Johnson  /   Comments

Aaron Johnson

Tweet The U.S. job report was very favorable in March and exceeded expectations. While the unemployment rate only dipped a tenth of a percent to 8.8 percent, it was encouraging to see 216,000 new jobs. That occurred despite further contraction of government jobs with the private sector adding 230,000 positions. Ideally, we need to see [...]

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Japan fallout: economic cost

By   /  March 31, 2011  /  Aaron Johnson  /   Comments

Aaron Johnson

Tweet Editor’s note: This the second of a three-part series. In my first segment, an assessment of Japan’s earthquake dealt with environmental cost. As the crisis continues, we learn more specifics, such as radiation possibly affecting water supply. As time passes, we will continue to assess the damage on the overall environment. Now let us [...]

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Japan fallout: environmental costs

By   /  March 23, 2011  /  Aaron Johnson  /   Comments

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Tweet Editor’s note: This is the first of a three-part series.   The global economic impact of Japan’s earthquake cannot be underestimated with disaster efforts estimated to exceed Hurricane Katrina, which was estimated at $125 billion. The official loss of lives is currently at 8,199 as of March 20, but there are still 12,272 more unaccounted for. [...]

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