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Yeah, this all adds up to No Good.

A really weird and offhanded part of an article about college applications and admissions - "The demographic changes include sharp geographic, social and economic variations. Experts anticipate, for example, a decline in affluent high school graduates, and an increase in poor and working-class ones." Link to NYT

"U.S. average retail gasoline prices have reached a new high of almost $3.20 per gallon and will likely jump another 20 to 30 cents in the next month, worsening the pain of consumers struggling to make ends meet in an economic downturn...." Link to MSNBC

"On Friday March 7th the Bureau of Labour Statistics announced that the economy lost 63,000 non-farm jobs in February, following a smaller decline in employment in January. Even with all the bearish talk recently, these results were unexpectedly bad; forecasters had projected a small increase, not the largest drop in five years...
On the same day the Federal Reserve announced that it would make additional loans of up to $100 billion available to prevent renewed strains in money markets from hurting the economy....
The worst jobs news is still in the house-building sector, which is reeling from the effects of plummeting home prices. Since an industry high point in 2006 some 209,000 trade jobs (such as plumbers and electricians) and 137,000 construction jobs have melted away. The Mortgage Bankers Association reported on Thursday that foreclosures are up by 71% from a year ago...." LINK to The Economist

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