Digital movies to replace film worldwide by 2015

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The majority of cinema screens in the U.S. are expected to go digital in 2012.

We are used to seeing the standard 35 mm film in movie theaters but that will be replaced worldwide by digital technology in the next few years, and the hit blockbuster film “Avatar” is to blame for the shift, according to a new report.

 

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More employers penalize smokers with higher insurance premiums

walmart

Wal-Mart Stores, the nation’s largest employer, recently sought the higher payments from some smokers, as much as $2000 more than non-smokers.

Employers are making  a shift toward penalizing employees with unhealthy lifestyles rather than rewarding employees with good habits as more employers are demanding that workers who smoke, are overweight or have high cholesterol shoulder a greater share of their health care costs.

 

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Nationwide drop in violent crimes due to plummeting price of cocaine

cocaine

Drop in price of cocaine as violent crimes drop.

A radical transformation in major American cities began in the mid-1990’s.  A turn around of years of high Years of high violent crime rates, thefts, robberies, and inner-city decay suddenlybegan.  Crime rates began to fall faster than they went up.  This trend appeared in practically every post-industrial American city, simultaneously.

 

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US college grads’ salaries in steep decline

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This trend doesn’t paint a pretty picture.

According to analysis from economist Michael Mandel, the average wages of US college grads have experienced sharp declines in the last decade. On the other hand, college keeps getting more expensive, and the collection of student loans has become much more aggressive. Sounds like a recipe for disaster…

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Bailout for Federal Housing Authority inevitable

fha bailout

FHA bailout looming.

With the government’s explicit guarantee of mortgages a bailout appears to be inevitable for the Federal Housing Authority. This should not be surprising news to anyone who follows the mortgage market closely, but a new study by Wharton finance professor Joseph Gyourko makes this conclusion clearer. As a bailout for the FHA looms, Congress will likely become enraged again — on behalf of the taxpayers they represent. What impact would an FHA bailout have on the housing finance policy debate?

 

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Credit unions benefit from backlash against big banks

credit union

Credit unions added more new members during that month than in all of 2010.

Credit unions are benefiting from the backlash against big banks over new fees.   And in Texas, credit unions gained $326 million in new deposits from 47,000 new members during the month leading up to the so-called Bank Transfer Day. The Saturday event was orchestrated by an online campaign urging consumers to move their money from banks to the generally smaller credit unions.

 

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