Deconstructing the cost of a wedding dress.
Why Did My Wedding Dress Cost So Much? -- I got married last May. Shopping for my wedding dress was a bizarre and emotional experience. I knew I wasn't just paying for the fabric and the craftsmanship. I knew I was paying for the word "wedding" and all the feelings attached to it. But how much did the word "wedding" cost me? If I had bought the same dress for some other occasion, would it have been cheaper? I took my dress to a fabric store and a tailor to find out.
Cut cut cut.
Yahoo to Cut 2,000 Jobs -- Yahoo said Wednesday it would lay off 2,000 employees, or about 14 percent of its workforce, as part of a broader restructuring effort. The layoffs are part of a reorganization under Scott Thompson, Yahoo's new chief executive, who joined the company from PayPal in January. The Internet company said the job cuts would not be across the board, and that it would double down in key areas.
So it's not just my generation with the borrowing, huh?
Grading Student Loans -- Student loans support the education of millions of students nationwide, yet much is unknown about the student loan market. Relevant data are limited and, for the most part, anecdotal. Also, sources tend to focus on recent college graduates and do not reveal much information about the indebtedness of parents, graduate students, and those who drop out of school. To inform the public and policymakers, we devote this post to some new findings obtained from the FRBNY Consumer Credit Panel, a unique and nationally representative data set sourced from Equifax credit reports. The FRBNY Consumer Credit Panel has made possible our Quarterly Report on Household Debt and Credit, first issued in the second quarter of 2010. We will examine the overall student loan debt market as of third-quarter 2011, giving particular attention to changes from the second to the third quarter and highlighting new findings by age group as well.
Here comes NATO!
NATO Summit Security Spending Tops $1 Million -- The city has shelled out more than $1 million in potential NATO related security costs so far, with an untold amount of spending still to come. From riot helmets to surveillance equipment, it appears the NATO summits and Mayor Rahm Emanuel's new purchasing powers have allowed for the purchase of plenty of new gear.