New Report, Unemployment

As economists have reported, we have been in a Recession since December 2007. The November report, unemployment rate rose from 6.5% to 6.7% according to the News Release from the Bureau of Labor Statistics. Unemployment persons up to 10.3 million. Yikes. Where do we go from here? When will things get better?

"U.S. Loses 533,000 Jobs in Biggest Drop Since 1974"

- New York Times

Ivy League aspirations to State School reality

I created this post a few days ago after reading a Boston Globe article that infuriated me entitled, "Downturn paring college dreams" and a CNN special about a student trading his Ivy League dream to an affordable state school. For some reason, according to the Globe and their interviews, students think that they are "lowering their standards" by applying to the University of Massachusetts, Amherst due to the financial crisis and their parent's pockets minimizing. Today, as I searched Boston.com to include the article from Tuesday I came across another disgruntled reader like myself who wrote an opinion piece for today's paper defending UMass Amherst.


UMass Amherst does not receive the credit that it deserves for being the outstanding institution that it is. I have always promoted this
institution for being a great educational experience and derailed the "Zoomass Amherst" image that many adults still believe stands true. UMass will grant you an invaluable experience and a receipt that doesn't look like Northeastern's, Brandis, or Stonehill College. Newsflash, high school seniors that once thought of UMass as their safetly school, may not be accepted into this fine university.

Cheered for UMass my first three years

Revise my spending

Being young, and especially a woman, it is hard to be frugal when it comes to fashion. I just LOVE a great dress, I can't help it. Although I am not one to drop big bucks on one certain item, I do like to buy. Even though I have barely had money in college, I still somehow manage clothes/dresses/shoes packed into my closet. With the current economic status and if I EVER think I want to own a home, have a wedding, or pay my bills, it is clear that I need to start revising my spending habits. I know that graduation from college releases the dependence of my parents. I have faith that eventually things will get better and hopefully by the time I want to start investing my own money, I will actually have some to do so. For now, I NEED TO SAVE.

"It’s Official: Recession Started One Year Ago"

New York Times
"Any serious market recovery would require a determined response from global governments, he said, but investors have lots of questions about how the policy measures that have already been announced will work." - NYT



The Boston Globe
"The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER -- a private, nonprofit research organization -- said its group of academic economists who determine business cycles met and decided that the U.S. recession began last December." - BG