It’s unsettling to see that the people who brought so many people misery in this recession are now the first to recover their former lifestyles.
The New York Times recently reported that a buying opportunity exists for well-heeled New Yorkers: country homes.
The accompanying photo shows two young men strolling their new 19-acre farmstead, recently purchased for $399,000.
In other words, Wall Street mismanagement has so beaten down housing prices in rural places that Wall Street workers can now buy them for a song.
And there’s this: Washington, D.C., is the best place in the U.S. to find a job.
We used to joke that when America stopped making things, we would all work selling each other insurance.
The new vision: We’ll all work for, lobby or sell things to the federal government.
A comparison of job listings and unemployment rates finds there are two people seeking work for every job available in D.C., nearby Maryland and Virginia, the best ratio of jobs to openings in the U.S.
That compares to eight job-seekers for every available job in Michigan.
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