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Consumer confidence is a function of income expectations, interest rates and inflation.
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Colleges will squawk that this exercise is unfair, since a worker's income is as much a function of supply and demand or mere chance as of a sheepskin.
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True enough, but if so, and to be consistent, they must seek cuts in a defense budget that similarly fosters dependency among higher earners whose income is almost solely a function of a massive budget funded by the rest of us.
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Needless to say, adults with low levels literacy are less able to help their children and increase household income due to their limited ability to function efficiently within a market economy.
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In other words, when investment banks had ample capital prior to the financial crisis in 2008, part of their role was to function as a facilitator of fixed income and equity markets, buying securities with their own capital as prices fell and selling securities with their own capital as prices rose.
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"Labels cannot function or sustain themselves from record sales revenues and so much of their income comes from the 'other' ways artists generate revenue -- endorsements, commercial appearances, ringtone sales, and live shows, " Davis says.
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Also, given that both GDP and employment are a direct function of capital investment, our economy will not recover strongly as long as our corporate income tax is globally uncompetitive.
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It is important to realize federal illegality is going to put a huge crimp in the ability of these businesses to function legally, since it is likely that their operating expenses will not be deductible for federal income tax purposes.
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