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April 15th, A Day That Lives In Infamy

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The Ship RMS Titanic Sank This Day in 1912

RMS Titanic Image 2The RMS Titanic broke in half and sank at 02:20 AM zulu on this day in 1912. Should never have happened, but metallurgists of the day didn’t understand the adverse effect of phosphorous upon the ductile to brittle transition temperature of steel.  Today the Titanic rests at the bottom of the Atlantic Ocean at Latitude 41° 43′ 57″ North, Longitude 49° 56′ 49″ West, over 12,000 feet underwater.  1,514 men, women and children perished, only 710 survived.  May they all rest in peace.  The last Titanic survivor died in 2009.  Not the worst maritime disaster in history, but the one seared into the conscience of the English speaking world.

Most of us, however, associate April 15th with the annual deadline for filing your U.S. and Michigan personal income taxes. Just how much money is extracted in personal income taxes on this fateful day?

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Michigan’s February Unemployment Rate Redux

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When You Fiddle Data Series, Fiddle All The Correlated Data Series

George Orwell-During Times of Universal Deceit
Remember the startling unemployment announcement from the Michigan Department of Management, Technology, and Budget (DTMB) last month?

  • That Michigan’s February 2015 seasonally adjusted (SA) U-3 unemployment rate had dropped to 5.9% from January’s 6.3%?
  • That the 5.9% February 2015 SA U-3 unemployment rate was down 1.9% from Michigan’s 7.8% February 2014 SA rate?
  • That 88,000 more ‘seasonally adjusted’ Michiganders were working in February 2015 than one year earlier?
  • That the not seasonally adjusted (NSA) 12 month increase in Michigan employment was even better at 101,000?

Well, there is a little problem with these goal-seeked, U.S. Bureau of Labor Statistics (BLS) X-13ARIMA-SEAT massaged unemployment statistics. They simply are not true.

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