Daily Roundup: The Status of the College Grad Market, Buffett’s Definition, and Spending that Tax Check
May 4th, 2008 by Ben Parr | Leave a comment on this post below!Since we’re new, you may not know that we do a daily roundup on the news and blog talk on the recession. Now you know!
So here’s today’s roundup:
- Prolific investor Warren Buffett says (once again) that the economy is in a recession. Of course, this conflicts with how economists and the Commerce Department define recession. He uses his own definition of recession:
I would define that as a situation where people are doing less well than they were three months, six months or eight months earlier and most businesses find themselves in that position too.
Not exactly an easy-to-measure definition, but I have little right to criticize Buffett.
- The Christian Science Monitor has a new article on the college job market. Specifically, that the college job market has deteriorated. I find this interesting because it was only two months ago when the USA Today wrote that the entry-level market is still very strong. Oh, and according to the Chicago Tribune, college towns seem to be doing fine.
- Apparently, Bear Stearns nearly collapsed twice. You learn some interesting stuff looking through the regulatory records, it seems.
- Finally, Andrew Carroll of the Washington Post has a wonderful suggestion for what to do with your tax rebate: donate it to our heroic troops.
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Filed under News and Analysis, news roundup