recrudescere (to become raw again), from re- (again) + crudescere (to get
worse), from crudus (raw).
that's bad comes back to haunt you, call it a recrudescence. It's not a word
you'll hear often, but it's useful. As a bonus, it lets you say "crud" while
sounding really smart.
_______________________________________________ TIP OF THE WEEK
A recrudescence of
notices with deadlines has come out from the IRS and the
implementation date for the new IRS Form 4506-T with the attestation box was to
be March 1, 2016. The implementation date has been moved to March 28,
Versions of the
Form 4506-T with a date other than 09-2015 will be rejected. The attestation
box must be checked.
borrowers should make sure they are using the correct
SBA One use will
become mandatory for GP loan submissions to the Loan Guaranty Processing Center
by Delegated Lenders effective July 1, 2016 (non-delegated loans) and for
non-Delegated Lenders beginning FY17 (October 1, 2016).
LIBOR Base Rate March 2016 =3.44%
Fixed Base Rate March 2016 = 4.89%
504 Loan Debenture Rate for February
debenture rate is only 2.27% but note rate is 2.31% and the effective yield is
OF THE YIELD CURVE
recrudescence on monetary policy is causing some splenetic
The $12 billion
auction of 30 year Treasury bonds last week however saw strong demand with the
yield ending at 2.72%. The yield curve is
staying flat. The slope of the yield curve—the difference between the yields on
short- and long-term maturity bonds—has achieved some notoriety as a simple
forecaster of economic growth. The rule of thumb is that an inverted yield curve
(short rates above long rates) indicates a recession in about a year. More
generally, a flat curve indicates weak growth and conversely, a steep curve
indicates strong growth.
This comes after a
strong jobs report for the month of February that saw 242,000 jobs being added.
Also encouraging is that job gains for December and January were revised up by a
Here is a summary
of net payroll employment and this week’s interesting little table of
What does all this
is now 5.1 million above the previous peak. Total employment is up 13.8 million
from the employment recession low.
Yet despite the
robust recovery in jobs, economic growth remains sluggish. How can that be?
U.S. gross domestic
product would have been about $3 trillion higher in real, inflation-adjusted
terms in 2015 if productivity hadn’t slowed over the last decade.
It’s a paradox
that’s been puzzling economists for a while. How can U.S.
productivity growth be slowing down at the same time that innovation in
everything from smartphones to 3D printing seems to be speeding up? But that
doesn’t translate into more economic output. From the early 1970s through 1995,
productivity rose about 1½% per year. Between 1995 and 2003, that pace more than
doubled to a rate that was comparable to its fast pace before 1973. Considerable
evidence suggests this acceleration in the late 1990s reflects the production
and use of information technology (IT). Over the past decade, however, the
exceptional pace of productivity growth has disappeared, returning to roughly
its pre-1995 pace.
You can’t deny
that technological innovation has made Americans’ lives easier and more
enjoyable in many ways, from calling up directions on Google Maps to trading cat
videos on Facebook.
instead of really working, you are reading this
Reserve meets this week on March 15th and 16th.
it seem like spring is coming early?
is and a recrudescence of global warming has nothing to do with
our LEAP day just a few weeks ago? It all happens because the number of days
in a year isn’t even. A year lasts 365 days, 5 hours, 48 minutes, and 46
seconds. That’s the actual length of time it takes for the Earth to complete
one orbit around the Sun. The Earth's elliptical orbit is changing its
orientation relative to the Sun (it skews), which causes the Earth's axis to
constantly point in a different direction. Since the seasons are defined as
beginning at strict 90-degree intervals, these positional changes affect the
time Earth reaches each 90-degree location in its orbit around the Sun.
a result, spring is currently being reduced by approximately one minute per year
and winter by about one-half minute per year. Summer is gaining the minute lost
from spring, and autumn is gaining the half-minute lost from winter. Winter is
the shortest astronomical season and its seasonal duration is continuing to
the Earth spins a hair less than 365 ¼ times per year (365 days, 5 hours, 48
minutes, and 46 seconds) . Call it 365.2422 days. If only the year were 11
minutes longer, or 365.25000 days, we could simply add one day every fourth year
and take care of the fraction forever.
a result, the calendar seems to think spring is coming earlier and earlier.
it's true that we've traditionally celebrated the beginning of spring on March
21, astronomers now say that the spring season starts earlier. Unheard of? Not
if you look at the statistics. In fact, did you know that during the 20th
Century, March 21 was actually the exception rather than the rule? The vernal
equinox landed on March 21, only 36 out of 100 years. And from 1981 to 2102,
Americans will celebrate the first day of spring no later than March
in 2016, it will start on March 19 for the entire United States.
To conclude? This will be the earliest spring since