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Not that I don't believe it but occupational unemployment rates are notoriously outdated, as in a year and of course they don't count the number dropped out.
But regardless they haven't done anything for the U.S. middle class beyond extend unemployment benefits, which only covers about 48% of the workforce.
It seems that the middle class should just suck it up and say hey they bailed the bankers out now the public sector yet again and cheer that they left us out of the loop.
3.4% unemployment for the government sector, 7.6% for the financial sector so TARP never went to jobs either I guess. They keep saying most of the TARP has been paid back also. I think its a shell game though to appease the public - how would we know one way or the other?
Which again they won't focus on a directed, strategic direct jobs program or manufacturing, or trade, or....pick one.
You might look at worker costs in the Instapopulist, but once again, it should not be blame the public jobs as the culprit and you need to ask why is executive compensation preserved, even when the banks were bailed out. Why nothing on a direct jobs program, private sector, why nothing on outsourcing, why nothing on trade....the list is as long as your arm.
From HuffPo:
There is no doubt, even now when some very focused direct jobs programs, along with some "retraining" could be done around the oil disaster as well as undersea research, or take cybersecurity, the grid, or even make power generators here in the U.S. as a direct jobs program, pick a program...they refuse to this this.
But I have no idea what you are talking about beyond unemployed just got their COBRA denied.
The disparity between that request and the $15 billion jobs bill which was a tax credit for private sector jobs says it all.
We must maintain the 3.4% public sector unemployment at all costs to everyone.
I find this hard to believe this wasn't one of the first things they would have done.
But now they are deploying sensors to get a pressure reading on the oil.
I guess they could lower them inside one of the vents, but of course the vent would probably have an increased pressure read...
But bottom line is what were these people thinking to not measure the flow and pressure to get an accurate reading?
All of these metrics affect relief wells!
that are cited, referenced and actually make sense in the writing of them....takes enormous effort. I know we have at least two lurkers on here who can pull it off, but they chicken out!
This deadline is BS. What do they want them to do, fly in a tanker, duct tape some more lines, seriously. While I can see faulting them for not preparing larger capacity in the first place, I cannot see pressuring them because that pressure will go down to the engineers. What do they want, a huge mistake, making it worse? And what kind of consequence if they don't? Are they gonna go down there to the bottom and hammer on something to make it all better?
Seriously. On the cleanup, that's another story. Cable news are all doing show and tells on various technologies, almost a VC showcase on TV. I frankly think they should give them all some money....if it proves they don't work, they simply don't get more money, end of story. But there are many which look good. I'm not sure about this bacteria stuff to eat the oil though, no mention of oxygen depletion in these dog n ponyies.
Anyway, as your friendly neighborhood admin, I see the statistics on the site and you have some fans.
No thanks, that's fine, you handling it by your lonesome will be fine.
I've been working on something else, which I've been really struggling with, as the government reports I've been reading are truly depressing -- from the standpoint of the government as an extension of a criminal enterprise.
Not even sure I'll be bothering with it, given what these reports state.
I was going to write up another "oil open thread" with a host of info, this time focused on the real economic impact. Do you want to do this instead? This is of course controversial and this site pops up as a news source, so accuracy, credibility and whipping out the calculator directly is important.
You can email me too or we could do a "dual" authorship, whatever works. I've been digging around but it isn't "jellied", this reference is great.
Special thanks to katu.com gallery for the pix below:
obviously not passed by Congress, nothing happened. The keyword is "plan" and the public outcry killed it dead.
Democrats did not seize your retirement....but Wall Street did!
Wait - the original post was in 2008 under Bush. You are really angry in 2010, but has this actually transpired? What is the update?
I agree with your point.
In fact the analysis by Marx is even more relevant today. Extensions of Marxist ideas by individuals like Alain Lipietz through works like 'The Enchanted World. Inflation, Credit and the Global Crises' offer an insight into the real roots of the crisis. Economists like Joseph Schumpeter (touted by rightist thinkers that claim to have read his works) agreed with the Marx view that the capitalist system tends to crisis but differed in terms of interpretation in the sense they could not agree that the system was doomed to collapse only that a 'crisis' is a precursor to a 'renewal' of the capitalist system. I tend to support the view that Marx deduced from his analysis.
Those are the only strong unions left and service union membership have been getting replaced more and more by technology. Service unions also have competition from non union labor forces working for non union companies.
The only times I ever hear about unions being involved in manufacturing is when they announce the factory is closing or moving to Mexico.
Meanwhile Public employee unemployment is right inline with that 3.2% out of work number at 3.4% for April 2010.
Unicor makes military components and such using prison labor. Its actually not limited to military production though.
Jim, as you found out there's 2 major ways to recover data - high availability - where everything is rolled forward in real time, and snapshot or point in time. A third possibility is none at all, like the oil patch.
Management rarely pays for HA. So you have to explain what will happen when it all goes down. I have done HA and it is pricey with duplicate sets of hardware and off-site production environments. Real pros will test to DR recovery with drills from time to time.
Real DR as in the IT world is coming to the oil patch. Deepwater Horizon is forcing the issue.
Your article indicates a glaring example of a glib critique of Marx,revealing a near perfect unfamiliarity with the his work.What about the several hundred pages of Volume III of Capital wherein Marx analyzes the circulation of capital and posits the description of financal profit as fictitous capital?Or how about the following from Marx in Volume III:
The credit system, which has its focal point in the allegedly national
banks and the big money-lenders and usurers that surround them, is
one enormous centralization and gives this class of parasites a fabulous
power not only to decimate the industrial capitalists periodically but
also to interfere in actual production in the most dangerous manner—
and this crew know nothing of production and have nothing at all to
do with it.
— Marx, Capital, vol. 3, chap. 33
Yet you can say with a straight face:
gives us a far more powerful means of socio-economic analysis than Marxism does, which fails to distinguish between productive and predatory economic and social behaviors. Marxism’s obsession with ownership of the means of production blinds Marxists to the crucial differences and deadly conflict between real industry and predatory financial and monetary systems.
Next time you want to slander someone's thought,read it first.
I was hoping to put up a collection of more economic numbers on the never ending BP saga soon. But there is no way, regardless of the fact BP probably has profits larger than most nations GDP, that they can pay out all of that is being demanded. If you are of a mind to tackle it, feel free.
Others have been writing some good posts recently and that actually is the point of the site, of course one has to write and format a good post, which is a job. ;)
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