I think the clue is how hedge funds are lobbying for Fannie Mae, Freddie Mac to be liquidated. Has their been anything passed that wasn't fueled by Wall street or corporate lobbyist demands?
I find lobbyists so odious, at the height of the financial crisis and they caused it, the hill was swarmed by banking lobbyists. That's astounding for at that time banks were operating on taxpayer money, so we paid for them to go lobby and screw over the American people once again.
Fannie and Freddie to blame, along with Wall Street, everyone that created, packaged and sold derivatives, MBS, etc. that admitted they couldn't quantify value or risk, the govt. pensions and agencies and private buyers and sellers of these items of no value that risked everyone else's money, etc., etc. But hey, why blame them, if the donors are from this or that group, then donations buy silence or action. Anyway, I think we're set for another trillion dollar derivative collapse - bring it on because it's inevitable.
Regarding buying a house, who can or would want to? Come on, if the temp agency or Bezos or Gates or some politician wants you to work in burger franchise 3,000 miles (or 24,999 miles) to the east or west or north or south within 24 hours, best be on your way. Family? That's antiquated. Community? Antiquated. Little league? Knowing your neighbors? A vegetable patch? Wife or husband? Kids? Schools? Education worth investing in? Forget it. I don't even know how to answer where I'll be in 5 months, let alone the ridiculous, "Where do you see yourself in five years" question HR non-thinkers love. 5 years? Most likely poorer and even more locked out of any change.
If you want to work in the new USA and aren't reading a teleprompter like a politician or talking TV head, then better be able to move immediately for a minimum wage job. Otherwise, someone will label you lazy and unfit to live in the US. Doesn't it seem like we're going back a few centuries? Hmmm, so glad Glass-Steagall was revoked and NAFTA and CAFTA, etc. all came into play. It's all so much better now, right? Now, if only the Clintons or Bushes or Obamas or Gates or Dimons had to live under these conditions. But hey, why would they, Versailles has different rules. Time to eat my cake.
Listen to the President's speech today? Here's some lowlights...
"Step two: now that we’ve made it harder for reckless buyers to buy homes they can’t afford, let’s make it easier for qualified buyers to buy homes they can. We should simplify overlapping regulations and cut red tape for responsible families who want to get a mortgage, but who keep getting rejected by banks. And we should give well-qualified Americans who lost their jobs during the crisis a fair chance to get a loan if they’ve worked hard to repair their credit."
Pardon me? Reckless buyers? 10 million families - not individuals, FAMILIES - yanked out of their homes in foreclosure, and the reason they were is because they were "reckless" in signing a mortgage while they were working, lost their job because the banks started borrowing money with nothing but air, and when the banks crashed the economy millions lost their jobs? They were reckless because of the actions of previous Republican and Democratic administrations who, having off-shored their jobs and weakened their protections from predatory employers left them nothing to backstop that tragedy? Whle this was going on OUR Chairman of the Federal Reserve, Bernanke, when asked if the increase in home prices was sustainable, told the nation "I can't foresee the housing market in the United States falling". Maybe they were reckless because they listened to their government who failed to warn them that they could no longer trust their banks and mortgage lenders?
Gullible might be a better word. And now, you say, THE HOMEOWNERS have to work hard to repair their credit?
I loved this next one...
"Step five: we should make sure families that don’t want to buy a home, or can’t yet afford to buy one, have a decent place to rent. In the run-up to the crisis, banks and the government too often made everyone feel like they had to own a home, even if they weren’t ready. That’s a mistake we shouldn’t repeat. Instead, let’s invest in affordable rental housing. And let’s bring together cities and states to address local barriers that drive up rent for working families."
So when FDR took on the thieving banks that stole money and caused the last Great Depression one of the things he did was to make sure that a "middle class" could own property, just like their "betters". Along with decent jobs that is a vital piece of what separates us from feudal, fascist societies, that prevents the inequality that is getting lip service and little else. That would let tens of millions of American families hold their head up as equals to the property owners, something that had never before been within their grasp.
Invest in affordable rental housing? Are you kidding me? Are we now striving to be more like Somalia?
"That begins with winding down the companies known as Fannie Mae and Freddie Mac. For too long, these companies were allowed to make big profits buying mortgages, knowing that if their bets went bad, taxpayers would be left holding the bag. It was “heads we win, tails you lose.” And it was wrong.
One of the things FDR did for us was the National Housing Act, giving us Fannie Mae, which allowed millions of people to get out from under the thumb of property owners, to have their own place, which eventually provided a foundation for the "middle class" to build wealth, something that had not been possible for the average working family until the vehicle of a house appeared. For 70 years that was a cornerstone of preparing for the time when one could not earn income any longer. Even with that, a third of all people retired with less than $10,000 in the bank, but for a hundred million people or more that one thing gave them a way to secure a chunk of money, a roof over their head, a tie to a community, and a chance not to live in poverty.
To call for the end of that is a slap in the face to the memory of the people who fought and worked so hard to bring us out of the Depression caused by the greedy bankers and capitalists, and soils the memory of FDR. If might also destroy a chance at a future without poverty for a large number of people. This would leave the middle class at the mercy of private money, the same private money that destroyed the savings and retirements for millions of Americans in the past few years. Mentioned in the speech was the 30 year mortgage, something that the creation of Fannie Mae brought us, because private money thought it too risky. Given the price of housing, and the lack of decent jobs being created, this very nearly guarantees that a hundred million people will never, ever have the tangible financial benefits that home ownership brings, and instead will cede that benefit to the Mi$$ RobMe capitalists, to to the thieving finance companies, to those who will own wealth, while the rest of us will become their gardeners and maintenance people, beholden to some landlord
(Perhaps we, as Democrats, should also hold classes to teach people how to not appear uppity to the landlords? 'Cause you can be out on the street in an hour. Chapstick futures might be a good investment, 'cause there is a lot of kissing up coming.)
Why not reform Fannie Mae and let them continue to work for the people, instead of selling us out to the banks? Fannie and Freddie didn't start this. Private capital brought us this mess, and that's a fact, Jack.
With thanks to: http://www.ritholtz.com/blog/2011/11/examining-the-big-lie-how-the-facts...
F&F, late to the game, saw the profits and decided to get muddy with the rest of the kids in the puddle, but that was well after the banks, private capital, had created a sinkhole big enough to sink a country. We can't, CAN'T be so stupid and gullible as to let "private capital" screw us over again, right? We are smarter than that, I know we are...
Ahem...
"First, private capital should take a bigger role in the mortgage market."
Oh, just shoot me now.
People actually clapped for this, the demise of their future. Private capital is what brought us the tragedy that tens upon tens upon tens of millions are living through today. So now we are just gonna hand them the keys to the Kingdom and become their servants?
"Second, no more leaving taxpayers on the hook for irresponsibility or bad decisions. We encourage the pursuit of profit – but the era of expecting a bailout after your pursuit of profit puts the whole country at risk is over."
"Over" has a certain connotation. Does that mean we have stopped the $85 billion a month we are paying out today to bail the banks out, the banks that reported a $20 billion profit in the second quarter of this year?
But all is not lost. Since you won't have a home you will be living from your Visa card, and we now have a Consumer Financial Protection Bureau to, uh, he'p ya.
I remember when Obama took office, and instead of staffing the FBI with accountants like they did when the put the S&L officers in jail, he visited with the bankers and told them "I'm the only one standing between you and the pitchforks".
I feel like the middle class in America just got that pitchfork back, in their gut.
Our MSM is to the dogs already, I don't know much about Bozos politics beyond keeping Internet sales tax free and wanting to sell cheap goods from China and offshore outsource.
Could be worse, Bill Gates and his lies of evil could have bought it.
Oh, just like Murdoch buying The WSJ had no effect on editorial policies (ha ha ha ha!), I'm sure this won't affect the WaPo either. Don't really care about the WaPo or its writers appearing on MSNBC and kissing political ass (seriously, just have some integrity and stop padding paychecks with endless selling out to whichever party will pay for appearances and "guest hosting"); this is just another symptom. Consolidation by the oligarchs and consolidation of all opinions in a false 2 party system that serves the puppetmasters. All hail the $ and the puppets in the media, government, and international organizations! All hail! Lights out on the West within a decade.
Is this line missing the word thousands instead of just "730 people"? "This implies that those who were dropped from the labor force are staying out of the labor force The -0.3 percentage points represents about 730 people."
There is something freaky about a guy who started selling books online to now buy the newspaper which broke Watergate, but it is true.
He did not buy WaPo through Amazon, but as an individual. Regardless, the guy is clearly moving into the content business and frankly, online infrastructure, which Amazon is with their cloud services, probably can transition the traditional press into back in the black profits.
Still, what a sign of the times to see a dot con, who survived the crash, turn around and buy one of America's most recognized newspapers and right there inside the beltway.
Considering the spin machine, sure hope integrity survives in Journalism as profits continue to slide to bankruptcy for the traditional press.
The graph you list is presented above, it is the civilian employment to population ratio.
It is horrific and why we go over it and we also agree, anyone arguing over this figure as well as the labor participation rate figure as not showing horrific news for the U.S. worker is smokin' crack, delusional or on the corporate lobbyist spin machine payroll.
The "plunge" is why we graph up almost every employment statistic back to 2008. How can one deny the plunge yet, over and over again, we get politicians trying to and spinning this horrific decade long crisis into some sort of "structural" bogus claim.
The definitive measure of EMPLOYMENT (as opposed to the relatively useless and endlessly slippery notion of 'unemployment') is our nation's Employment Ratio. It is, quite simply, the fraction of our working-age, civilian population that's actually employed.
While we can argue endlessly about what that number 'should' be -- there's absolutely NO argument about where it plunged to upon our Great Recession -- or the extent of its recovery since then -- or the utility upon that measure of the $$ 16 trillion or so lavished upon our financial industry. See the chart of this metric, and judge the progress for yourself on http://research.stlouisfed.org/fred2/series/EMRATIO
I think the study needs to go a little deeper...really if your ethics were seriously called (retaliate) , but out culture has gotten more competitive (bullying is in--acceptable--community bullying (like I need your advice)...as well as, conflict because of the entitlement issues.. and culture clashes (strong if abusive or harassing), but some ways we are entitled ( US rights violated vs. Darwinism). Because of the high rate of unemployment--and sequestrations--what a hey-day for sociopaths and nurturing sociopathy (On the front page of something). I don't think the really smart CEO's are sociopaths--they may know how to fight them, but I don't that all successful CEOs are...but they maybe mavericks(out-numbered)...because it is far more easier to lie (alter the truth) or not take responsibility and join in (seems to be succeeding)...also frugality is a virtue . I don't see giving away things as too wise either (that's for stupid...the ability to not see value in people, etc.. ). Our first President , Washington had a little "urban legend" or "myth" about the cherry tree...I think it is a good-one--what is truth?...what happened US? Money has always been associated with power, never intelligence or talent...is this anything new?
Psychopathy is higher at the top, because we do not give one frigging ((*& about those of us on the bottom. We have drive-by shootings and mass killings, HOMELESS PEOPLE, increased poverty rates, etc... sociopathy is up for all (10%). You should see how the lower echelons are now manipulated (not lead) into KEEPING their jobs or else (unemployment...)
Go into a US public school compare to 20 years ago...wake up...and leadership , creativity is squelched or stolen now in US schools. Today--under the economic stresses. Yes, I think it is true. Guest--Worker Visas--(Congress), you really must dislike Americans...I could not believe how incredibly phony in Congress (Hispanic representatives and others--over this illegal immigration bull...I caught the little tiffs (healthcare coverage) ...I really think the US Congress and US Gov.also has plenty of sociopathy--what a combination-- majority of it is nothing but sterile cock-sucking (& worse). I am not naïve, I believe this data. ENDs justify the MEANS. Perverted or opaque cost-benefit, back to taxpayers (moral hazard).
I am with the unions on this. Right now--this is unbelievable we have so many American citizens unemployed--who really want to work. Why don't you hire more women who are us citizens? OR US born Latinos? Also other minorities (blacks in particular) , highest rate in youths unemployed, white youths needing jobs now and the us companies want go over and hire people who not only have a limited education, but no skills . I am serious guys--US is really sharp (& strong) and what incredible waste and construction want to spend more money training (time), monitor, background checks, etc.. how do they compensate with pay cuts, who provides insurance and family care ... US taxpayers. USA needs those 400,000 jobs guys--hire US born Latinos. We need every job we can get... We are all glad that it finally has a cap--VISA PROGRAM (tax -write-off and dump this 400,000/year on US taxpayers. What a bunch of bull... visa awards (Mexico should pay for the visas...)...what a joke the US is. (11 million more dumped on the US taxpayers...)
the seasonally adjusted annual rate of consumer spending for non-durable goods actually dropped at a 2.1% rate from $2,607.0 billion in the 1st quarter in already seasonally adjusted current dollars to $2,593.2 billion in second quarter, but the adjustment of that from nominal dollars to chained 2009 dollars resulted in a 2.0% annualized rate of increase, from $2,322.2 billion to $2,333.7 billion, as you noted in the GDP thread...
i still cant see that a 4.1% swing like that could be correct..
I have this overview half done, but now I'll skip it. What bothers me and I'd have to calculate it all out, is how PCE, chained 2009 dollars, only increased 0.1% for Q2, yet still managed to contribute most of Q2 GDP.
That doesn't jive intuitively, except for maybe the new price indexes?
Is anybody surprised by the strikes by fast food workers, come on? The only ones surprised are the talking heads at Faux news.
They have shipped millions of good paying jobs to china and india and left average american workers with McJobs and Walmart associate jobs which can't be shipped to china and what do the elite expect? Honestly how long do they think people will take their crap?
By the way does anybody remember the Employee Free Choice Act? Neither do I. Although I think a politician named Senator Barack Obama supported it.
The title is a bit misleading as Democrats just pushed for ans passed massive guest worker Visas as well as turning the university system into a green card ATM in the Senate.
Both parties are equally guilty of labor arbitraging American workers through immigration legislation. There isn't any better issue than immigration to show both parties and the President of the United States are controlled and kowtow to corporate lobbyists wanting their cheap, anti-American labor.
Their reports says "The company operates in over 170 countries and is continuing to shift its business to the higher value segments of enterprise computing. The company continually assesses its resource needs with the objective of balancing its workforce globally to improve the company’s global reach and competitiveness. The complementary workforce is an approximation of equivalent full-time employees hired under temporary, part-time and limited-term employment arrangements to meet specific business needs in a flexible and cost-effective manner." bla, bla, bla...
The IBM employment number of 426,000 is a worldwide number. In the US, IBM has been slashing jobs for years and moving work offshore. IBM US employment number is now down to 88,000. IBM India is now 130,00.
Needless to say Sharpton along with Fox, MSNBC, CNN are not credible sources at this point, especially the fictional ying, yang of Fox, MSNBC.
That said, this is outrageous that they are going to cut food stamps. First off to quality one needs to be dead, in a box, because no way is one making rent on the poverty rates. Then if one does get food stamps, it's a major coupon cutting, sale gutting, bulk getting art to eat well and make those funds stretch for a month. You have to know how to cook 2.
I think the clue is how hedge funds are lobbying for Fannie Mae, Freddie Mac to be liquidated. Has their been anything passed that wasn't fueled by Wall street or corporate lobbyist demands?
I find lobbyists so odious, at the height of the financial crisis and they caused it, the hill was swarmed by banking lobbyists. That's astounding for at that time banks were operating on taxpayer money, so we paid for them to go lobby and screw over the American people once again.
Fannie and Freddie to blame, along with Wall Street, everyone that created, packaged and sold derivatives, MBS, etc. that admitted they couldn't quantify value or risk, the govt. pensions and agencies and private buyers and sellers of these items of no value that risked everyone else's money, etc., etc. But hey, why blame them, if the donors are from this or that group, then donations buy silence or action. Anyway, I think we're set for another trillion dollar derivative collapse - bring it on because it's inevitable.
Regarding buying a house, who can or would want to? Come on, if the temp agency or Bezos or Gates or some politician wants you to work in burger franchise 3,000 miles (or 24,999 miles) to the east or west or north or south within 24 hours, best be on your way. Family? That's antiquated. Community? Antiquated. Little league? Knowing your neighbors? A vegetable patch? Wife or husband? Kids? Schools? Education worth investing in? Forget it. I don't even know how to answer where I'll be in 5 months, let alone the ridiculous, "Where do you see yourself in five years" question HR non-thinkers love. 5 years? Most likely poorer and even more locked out of any change.
If you want to work in the new USA and aren't reading a teleprompter like a politician or talking TV head, then better be able to move immediately for a minimum wage job. Otherwise, someone will label you lazy and unfit to live in the US. Doesn't it seem like we're going back a few centuries? Hmmm, so glad Glass-Steagall was revoked and NAFTA and CAFTA, etc. all came into play. It's all so much better now, right? Now, if only the Clintons or Bushes or Obamas or Gates or Dimons had to live under these conditions. But hey, why would they, Versailles has different rules. Time to eat my cake.
Listen to the President's speech today? Here's some lowlights...
"Step two: now that we’ve made it harder for reckless buyers to buy homes they can’t afford, let’s make it easier for qualified buyers to buy homes they can. We should simplify overlapping regulations and cut red tape for responsible families who want to get a mortgage, but who keep getting rejected by banks. And we should give well-qualified Americans who lost their jobs during the crisis a fair chance to get a loan if they’ve worked hard to repair their credit."
Pardon me? Reckless buyers? 10 million families - not individuals, FAMILIES - yanked out of their homes in foreclosure, and the reason they were is because they were "reckless" in signing a mortgage while they were working, lost their job because the banks started borrowing money with nothing but air, and when the banks crashed the economy millions lost their jobs? They were reckless because of the actions of previous Republican and Democratic administrations who, having off-shored their jobs and weakened their protections from predatory employers left them nothing to backstop that tragedy? Whle this was going on OUR Chairman of the Federal Reserve, Bernanke, when asked if the increase in home prices was sustainable, told the nation "I can't foresee the housing market in the United States falling". Maybe they were reckless because they listened to their government who failed to warn them that they could no longer trust their banks and mortgage lenders?
Gullible might be a better word. And now, you say, THE HOMEOWNERS have to work hard to repair their credit?
I loved this next one...
"Step five: we should make sure families that don’t want to buy a home, or can’t yet afford to buy one, have a decent place to rent. In the run-up to the crisis, banks and the government too often made everyone feel like they had to own a home, even if they weren’t ready. That’s a mistake we shouldn’t repeat. Instead, let’s invest in affordable rental housing. And let’s bring together cities and states to address local barriers that drive up rent for working families."
So when FDR took on the thieving banks that stole money and caused the last Great Depression one of the things he did was to make sure that a "middle class" could own property, just like their "betters". Along with decent jobs that is a vital piece of what separates us from feudal, fascist societies, that prevents the inequality that is getting lip service and little else. That would let tens of millions of American families hold their head up as equals to the property owners, something that had never before been within their grasp.
Invest in affordable rental housing? Are you kidding me? Are we now striving to be more like Somalia?
"That begins with winding down the companies known as Fannie Mae and Freddie Mac. For too long, these companies were allowed to make big profits buying mortgages, knowing that if their bets went bad, taxpayers would be left holding the bag. It was “heads we win, tails you lose.” And it was wrong.
One of the things FDR did for us was the National Housing Act, giving us Fannie Mae, which allowed millions of people to get out from under the thumb of property owners, to have their own place, which eventually provided a foundation for the "middle class" to build wealth, something that had not been possible for the average working family until the vehicle of a house appeared. For 70 years that was a cornerstone of preparing for the time when one could not earn income any longer. Even with that, a third of all people retired with less than $10,000 in the bank, but for a hundred million people or more that one thing gave them a way to secure a chunk of money, a roof over their head, a tie to a community, and a chance not to live in poverty.
To call for the end of that is a slap in the face to the memory of the people who fought and worked so hard to bring us out of the Depression caused by the greedy bankers and capitalists, and soils the memory of FDR. If might also destroy a chance at a future without poverty for a large number of people. This would leave the middle class at the mercy of private money, the same private money that destroyed the savings and retirements for millions of Americans in the past few years. Mentioned in the speech was the 30 year mortgage, something that the creation of Fannie Mae brought us, because private money thought it too risky. Given the price of housing, and the lack of decent jobs being created, this very nearly guarantees that a hundred million people will never, ever have the tangible financial benefits that home ownership brings, and instead will cede that benefit to the Mi$$ RobMe capitalists, to to the thieving finance companies, to those who will own wealth, while the rest of us will become their gardeners and maintenance people, beholden to some landlord
(Perhaps we, as Democrats, should also hold classes to teach people how to not appear uppity to the landlords? 'Cause you can be out on the street in an hour. Chapstick futures might be a good investment, 'cause there is a lot of kissing up coming.)
Why not reform Fannie Mae and let them continue to work for the people, instead of selling us out to the banks? Fannie and Freddie didn't start this. Private capital brought us this mess, and that's a fact, Jack.
http://www.ritholtz.com/blog/wp-content/uploads/2011/11/fannieFreddie2.jpg
With thanks to: http://www.ritholtz.com/blog/2011/11/examining-the-big-lie-how-the-facts...
F&F, late to the game, saw the profits and decided to get muddy with the rest of the kids in the puddle, but that was well after the banks, private capital, had created a sinkhole big enough to sink a country. We can't, CAN'T be so stupid and gullible as to let "private capital" screw us over again, right? We are smarter than that, I know we are...
Ahem...
"First, private capital should take a bigger role in the mortgage market."
Oh, just shoot me now.
People actually clapped for this, the demise of their future. Private capital is what brought us the tragedy that tens upon tens upon tens of millions are living through today. So now we are just gonna hand them the keys to the Kingdom and become their servants?
"Second, no more leaving taxpayers on the hook for irresponsibility or bad decisions. We encourage the pursuit of profit – but the era of expecting a bailout after your pursuit of profit puts the whole country at risk is over."
"Over" has a certain connotation. Does that mean we have stopped the $85 billion a month we are paying out today to bail the banks out, the banks that reported a $20 billion profit in the second quarter of this year?
But all is not lost. Since you won't have a home you will be living from your Visa card, and we now have a Consumer Financial Protection Bureau to, uh, he'p ya.
There is more, and you can read it for yourself.
http://www.abc15.com/dpp/news/region_phoenix_metro/central_phoenix/full-...
I remember when Obama took office, and instead of staffing the FBI with accountants like they did when the put the S&L officers in jail, he visited with the bankers and told them "I'm the only one standing between you and the pitchforks".
I feel like the middle class in America just got that pitchfork back, in their gut.
Good luck.
Our MSM is to the dogs already, I don't know much about Bozos politics beyond keeping Internet sales tax free and wanting to sell cheap goods from China and offshore outsource.
Could be worse, Bill Gates and his lies of evil could have bought it.
Oh, just like Murdoch buying The WSJ had no effect on editorial policies (ha ha ha ha!), I'm sure this won't affect the WaPo either. Don't really care about the WaPo or its writers appearing on MSNBC and kissing political ass (seriously, just have some integrity and stop padding paychecks with endless selling out to whichever party will pay for appearances and "guest hosting"); this is just another symptom. Consolidation by the oligarchs and consolidation of all opinions in a false 2 party system that serves the puppetmasters. All hail the $ and the puppets in the media, government, and international organizations! All hail! Lights out on the West within a decade.
Yes, it is 737 thousand people. The labor participation rate is the civilian labor force divided by the civilian noninstitutional population.
245,756 * 0.003 = 737,268.
Since it's a ratio, we take the most recent figures to calculate, but because it's a rounded ratio, it's about 730 thousand.
Thanks for that. We calculate from the data and sure don't mean to confuse the complexity by introducing typos!
Is this line missing the word thousands instead of just "730 people"? "This implies that those who were dropped from the labor force are staying out of the labor force The -0.3 percentage points represents about 730 people."
There is something freaky about a guy who started selling books online to now buy the newspaper which broke Watergate, but it is true.
He did not buy WaPo through Amazon, but as an individual. Regardless, the guy is clearly moving into the content business and frankly, online infrastructure, which Amazon is with their cloud services, probably can transition the traditional press into back in the black profits.
Still, what a sign of the times to see a dot con, who survived the crash, turn around and buy one of America's most recognized newspapers and right there inside the beltway.
Considering the spin machine, sure hope integrity survives in Journalism as profits continue to slide to bankruptcy for the traditional press.
The graph you list is presented above, it is the civilian employment to population ratio.
It is horrific and why we go over it and we also agree, anyone arguing over this figure as well as the labor participation rate figure as not showing horrific news for the U.S. worker is smokin' crack, delusional or on the corporate lobbyist spin machine payroll.
The "plunge" is why we graph up almost every employment statistic back to 2008. How can one deny the plunge yet, over and over again, we get politicians trying to and spinning this horrific decade long crisis into some sort of "structural" bogus claim.
The definitive measure of EMPLOYMENT (as opposed to the relatively useless and endlessly slippery notion of 'unemployment') is our nation's Employment Ratio. It is, quite simply, the fraction of our working-age, civilian population that's actually employed.
While we can argue endlessly about what that number 'should' be -- there's absolutely NO argument about where it plunged to upon our Great Recession -- or the extent of its recovery since then -- or the utility upon that measure of the $$ 16 trillion or so lavished upon our financial industry. See the chart of this metric, and judge the progress for yourself on http://research.stlouisfed.org/fred2/series/EMRATIO
I think the study needs to go a little deeper...really if your ethics were seriously called (retaliate) , but out culture has gotten more competitive (bullying is in--acceptable--community bullying (like I need your advice)...as well as, conflict because of the entitlement issues.. and culture clashes (strong if abusive or harassing), but some ways we are entitled ( US rights violated vs. Darwinism). Because of the high rate of unemployment--and sequestrations--what a hey-day for sociopaths and nurturing sociopathy (On the front page of something). I don't think the really smart CEO's are sociopaths--they may know how to fight them, but I don't that all successful CEOs are...but they maybe mavericks(out-numbered)...because it is far more easier to lie (alter the truth) or not take responsibility and join in (seems to be succeeding)...also frugality is a virtue . I don't see giving away things as too wise either (that's for stupid...the ability to not see value in people, etc.. ). Our first President , Washington had a little "urban legend" or "myth" about the cherry tree...I think it is a good-one--what is truth?...what happened US? Money has always been associated with power, never intelligence or talent...is this anything new?
Psychopathy is higher at the top, because we do not give one frigging ((*& about those of us on the bottom. We have drive-by shootings and mass killings, HOMELESS PEOPLE, increased poverty rates, etc... sociopathy is up for all (10%). You should see how the lower echelons are now manipulated (not lead) into KEEPING their jobs or else (unemployment...)
Go into a US public school compare to 20 years ago...wake up...and leadership , creativity is squelched or stolen now in US schools. Today--under the economic stresses. Yes, I think it is true. Guest--Worker Visas--(Congress), you really must dislike Americans...I could not believe how incredibly phony in Congress (Hispanic representatives and others--over this illegal immigration bull...I caught the little tiffs (healthcare coverage) ...I really think the US Congress and US Gov.also has plenty of sociopathy--what a combination-- majority of it is nothing but sterile cock-sucking (& worse). I am not naïve, I believe this data. ENDs justify the MEANS. Perverted or opaque cost-benefit, back to taxpayers (moral hazard).
I am with the unions on this. Right now--this is unbelievable we have so many American citizens unemployed--who really want to work. Why don't you hire more women who are us citizens? OR US born Latinos? Also other minorities (blacks in particular) , highest rate in youths unemployed, white youths needing jobs now and the us companies want go over and hire people who not only have a limited education, but no skills . I am serious guys--US is really sharp (& strong) and what incredible waste and construction want to spend more money training (time), monitor, background checks, etc.. how do they compensate with pay cuts, who provides insurance and family care ... US taxpayers. USA needs those 400,000 jobs guys--hire US born Latinos. We need every job we can get... We are all glad that it finally has a cap--VISA PROGRAM (tax -write-off and dump this 400,000/year on US taxpayers. What a bunch of bull... visa awards (Mexico should pay for the visas...)...what a joke the US is. (11 million more dumped on the US taxpayers...)
the seasonally adjusted annual rate of consumer spending for non-durable goods actually dropped at a 2.1% rate from $2,607.0 billion in the 1st quarter in already seasonally adjusted current dollars to $2,593.2 billion in second quarter, but the adjustment of that from nominal dollars to chained 2009 dollars resulted in a 2.0% annualized rate of increase, from $2,322.2 billion to $2,333.7 billion, as you noted in the GDP thread...
i still cant see that a 4.1% swing like that could be correct..
I have this overview half done, but now I'll skip it. What bothers me and I'd have to calculate it all out, is how PCE, chained 2009 dollars, only increased 0.1% for Q2, yet still managed to contribute most of Q2 GDP.
That doesn't jive intuitively, except for maybe the new price indexes?
Is anybody surprised by the strikes by fast food workers, come on? The only ones surprised are the talking heads at Faux news.
They have shipped millions of good paying jobs to china and india and left average american workers with McJobs and Walmart associate jobs which can't be shipped to china and what do the elite expect? Honestly how long do they think people will take their crap?
By the way does anybody remember the Employee Free Choice Act? Neither do I. Although I think a politician named Senator Barack Obama supported it.
The title is a bit misleading as Democrats just pushed for ans passed massive guest worker Visas as well as turning the university system into a green card ATM in the Senate.
Both parties are equally guilty of labor arbitraging American workers through immigration legislation. There isn't any better issue than immigration to show both parties and the President of the United States are controlled and kowtow to corporate lobbyists wanting their cheap, anti-American labor.
IBM's 2012 annual report says they have 434,246 employees (worldwide)
IBM/wholly owned subsidiaries: 434,246
Less-than-wholly owned subsidiaries: 8,009
Complementary: 24,740
Their reports says "The company operates in over 170 countries and is continuing to shift its business to the higher value segments of enterprise computing. The company continually assesses its resource needs with the objective of balancing its workforce globally to improve the company’s global reach and competitiveness. The complementary workforce is an approximation of equivalent full-time employees hired under temporary, part-time and limited-term employment arrangements to meet specific business needs in a flexible and cost-effective manner." bla, bla, bla...
http://www.ibm.com/annualreport/2012/bin/assets/2012_ibm_annual.pdf
The IBM employment number of 426,000 is a worldwide number. In the US, IBM has been slashing jobs for years and moving work offshore. IBM US employment number is now down to 88,000. IBM India is now 130,00.
Needless to say Sharpton along with Fox, MSNBC, CNN are not credible sources at this point, especially the fictional ying, yang of Fox, MSNBC.
That said, this is outrageous that they are going to cut food stamps. First off to quality one needs to be dead, in a box, because no way is one making rent on the poverty rates. Then if one does get food stamps, it's a major coupon cutting, sale gutting, bulk getting art to eat well and make those funds stretch for a month. You have to know how to cook 2.
Glad you wrote about this!
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