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September 2, 2014 

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Yesterday's Index
211.9

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SERVICES: Activities that provide direct satisfaction of wants and needs without the production of tangible products or goods. Examples include information, entertainment, and education. This term service should be contrasted with the term good, which involves the satisfaction of wants and needs with tangible items. You're likely to see the plural combination of these two into a single phrase, "goods and services," to indicate the wide assortment of economic production from the economy's scarce resources.

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Current Headlines
A Perfect Picture Of PROFIT

Good news! Manny Mustard, my long-time friend and proprietor of Manny Mustard's House of Sandwiches is having a special on his Deluxe Club Sandwich. Let's drop in for a brief respite -- and lunch. More good news! Manny is bubbling profusely about the vitality of his business. Last month he turned a profit. Yes, that much cherished profit, the goal of business firms, be they large or small. Upon closer inspection Manny's profit calculation might be suffering from an oversight or two. It seems as though Manny neglected to pay himself a wage. Nor did he bother to include any interest expense on the savings he invested in his House of Sandwiches venture. But what the heck, he earned a profit -- didn't he?
Tell me more...

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State of the ECONOMY

Producer Price Index for Finished Goods
July 2014
215.2
UP 5.9% from July 2013 Soure: BLS.gov

More Stats

WHITE GULLIBON
[What's This?]

Today, you are likely to spend a great deal of time visiting every yard sale in a 30-mile radius wanting to buy either a microwave over that won't burn your popcorn or a T-shirt commemorating the first day of winter. Be on the lookout for a thesaurus filled with typos.
Your Complete Scope

This isn't me! What am I?

More money is spent on gardening than on any other hobby.
"The shifts of fortune test the reliability of friends. "

-- Marcus Tullius Cicero, Roman statesman

NEDC
National Economic Development Council
A PEDestrian's Guide
Xtra Credit
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