Welcome to the Saturday, July 5, 2008 edition of On the Moneyed Midways! Each week, we find the best posts from the best of the past week's business and money-related blog carnivals and link them all in one place for your weekend edutainment!
It's a major holiday weekend here in the U.S. and we're anxious to get back to all the festive activities! What do you say we just get right to our weekly wrap-up of the best posts of the past week?
No objections? In that case, just keep scrolling down!...
Two members of the U.S. House of Representatives and one New York state senator. Three individuals with phenomenally bad judgment regarding handling their own finances and all with influence over legislation affecting how financial institutions are regulated. How bad could that be?
Charles H. Green observes fine print creeping into transactions at every level and considers the costs that these mini-contracts are imposing on society. The Best Post of the Week, Anywhere!
What's wrong with newspapers today? Steve lays out the case against investing in Gannett (GCI), but we'll observe that the same logic applies to the New York Times (NYT), McClatchy (MNI), and Journal Register (JRC) to name just three more troubled news media companies.
David Weliver learned a lot more than how to sling lattes and bag beans in his time at Starbucks - his short list underscores Mark's point about why everyone should learn sales in this week's contribution for the Carnival of Careers!
Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:
Political Calculations' Recession Probability Track shows the probability that the U.S. economy will be in recession 12 months from the indicated date (shown in red) while revealing the probability trend over the past four years.
Previously, the probability of recession peaked at 50% on 4 April 2007, which means that March-April 2008 was the most likely period in which the NBER would have found the U.S. to be in recession.
As it happens, they almost did. The NBER instead chose December 2007 as the beginning month of the most recent recession (we had found a 46% probability for a recession beginning in that month!)
On the Moneyed Midways
Political Calculations is also the online home of On the Moneyed Midways (aka OMM), a review of the best posts contributed to the week's best business and money-related blog carnivals. More than that, we also name one post in each edition as being The Best Post of the Week, Anywhere! and at the end of each year, we name The Best Post of the Year, Anywhere! as well as identifying the best blogs we found during the course of the year!
The link below will take you to the running index containing our most recent back issues (you can easily navigate the index to find older editions.)
The tools on this site are built using JavaScript. If you would like to learn more, one of the best
free resources on the web is available at W3Schools.com.
Welcome to the Saturday, July 5, 2008 edition of On the Moneyed Midways! Each week, we find the best posts from the best of the past week's business and money-related blog carnivals and link them all in one place for your weekend edutainment! 
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