How certain large populations of idle young men will likely change the world… for the worse “Between 1970 and 1999, 80% of civil conflicts occurred in countries where 60% of the population or more were under the age of thirty… Today there are sixty-seven counties with youth bulges, of which sixty of them are experiencing social…Read more…

Reuters reports today that January unemployment rates increased in 363 US metro areas… and nearly 200 of them had rates exceeding 10 percent. The unemployment freight train has perhaps found the brakes, but it’s nowhere near coming to a stop. Read more…

The law of supply and demand is trumping the homebuyer tax credit. The glut of housing we mentioned on Tuesday is making itself evident with this news: The number of mortgage applications fell 1.9% last week. Both new purchases and refinances are down. At this rate, Congress could repeal the homebuyer tax credit today, instead of…Read more…