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Posts by khelus

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  • Harry Reid on the Bundy ranch standoff: 'This ain’t over'

    04/15/2014 12:27:10 PM PDT · 20 of 31
    khelus to kidd
    This is about Federal government control of land and the Reid family finances.

    Bingo !
  • Harry Reid on the Bundy ranch standoff: 'This ain’t over'

    04/15/2014 12:25:21 PM PDT · 19 of 31
    khelus to SeekAndFind

    This won’t be over until Bundy is driven off the land for which his family has held grazing and water rights for generations, until the Red Chinese solar company gets the land for a song, and until Reid and his son are accorded all the attendant fees and compensation for their service to ENN.

  • Zbigniew Zings Obama On Ukraine: 'Can't Win Military Conflict by Throwing Pancakes'

    04/15/2014 8:43:15 AM PDT · 26 of 27
    khelus to governsleastgovernsbest
    If Zbigniew Brzezinski is criticing Obama is it certainly not on the ultimate goal:

    Zbigniew Brzezinski was President Carter's national security advisor. In his book Between Two Ages: America's Role in the Technetronic Erahe stated

    "Marxism represents a further vital and creative stage in the maturing of man's universal vision. Marxism is simultaneously a victory of the external, active man over the inner, passive man and a victory of reason over belief.....Human beings become increasingly manipulable and malleable...Today we are again witnessing the emergence of transnational elites....whose ties cut across national boundaries....The nation-state is gradually yielding its sovereignty....Further progress will require greater American sacrifices. More intensive efforts to shape a new world monetary structure will have to be undertaken
  • Bundy Ranch Standoff: Meet the BLM thug who tackled a 57-year old woman

    04/14/2014 10:35:24 AM PDT · 112 of 123
    khelus to null and void
    Drudge has utterly removed the story

    Nothing to see here, move along.


    Drudge moved it to the right hand side, mid page, link to story and link to video of rustled cattle being rescued.
  • Supporters gather to defend Bundy ranch in Nevada, FAA enacts no-fly zone

    04/12/2014 9:13:39 AM PDT · 58 of 62
    khelus to Black Agnes
    I realize what it’s about TODAY.

    The point of what I said is that even fedgov doesn’t have clear title to the land or its water rights.

    If Bundy had wanted to REALLY throw a wrench in the works, when the county turned down his payment of grazing fees he should have approached the appropriate Tribal association and offered them the money. THAT would have screwed FedGov but good.


    I had missed that.

    Kudos !
  • Supporters gather to defend Bundy ranch in Nevada, FAA enacts no-fly zone

    04/12/2014 9:04:12 AM PDT · 56 of 62
    khelus to Black Agnes

    Forgot to add, in this case property right = grazing and water rights

  • Supporters gather to defend Bundy ranch in Nevada, FAA enacts no-fly zone

    04/12/2014 9:00:49 AM PDT · 55 of 62
    khelus to Black Agnes
    So, fedgov received stolen property, and equally stolen water rights, from Mexico.

    Seems to me they’re just mad about someone stealing the land and water rights they ‘bought fair and square!’ from the original thief.

    “No officer! I bought that stereo FAIR AND SQUARE from that ‘fencing operation’ over there, It’s MINE I tell you!”


    Its all about grazing and water rights that date back in Bundy's family to the 1800"s .... and ... Harry Reid and a Chinese solar company and crony capitalism .... and freedom of speech .... and property rights.

    A few links:
    Standoff In Nevada: Another Federal Siege Against The Innocent

    Breaking: Sen. Harry Reid Behind BLM Land Grab of Bundy Ranch

    The Real Story Behind The Bundy Ranch Harassment

    Feds Assault Cancer Victim, Pregnant Woman in Clash With Bundy Supporters
  • The Real Story Behind The Bundy Ranch Harassment

    04/12/2014 5:54:06 AM PDT · 70 of 90
    khelus to centurion316
    You make a good point, but this article is actually one of the better ones making the rounds. In the arid West, actual ownership of the land is not nearly as important as ownership and control of the water rights and the grazing rights.

    Bundy claims that Clark County owns the land. The Federal government holds the title to the land, but Clark County controls the grazing rights and Bundy has a well established claim to those grazing rights for which he has paid the authorities. He also controls water rights, which is just as important. That’s the way things work in the West and why land disputes always center around water and grazing.

    Reid and his cronies, together with their environmental wacko partners in crime have co opted the Endangered Species Act and the Environmental Protection Act to run legitimate ranchers out of business by denying them their water and grazing rights. It’s organized crime in operation out on the range and when they can’t get the courts to go along, they bribe or change the judges.


    Kudos

    And they are doing it to benefit a Chinese solar company in which Reid and his son have investments.
  • GAP BETWEEN SUPER RICH 0.1% AND POOR GROWS

    04/01/2014 9:30:13 AM PDT · 36 of 38
    khelus to griswold3
    Financialization.
    There is a crowd out of those who ‘create value’ by those who ‘capture value’.
    Real growth comes from the creation/production of products.


    Great description of what has been going on.
  • GAP BETWEEN SUPER RICH 0.1% AND POOR GROWS

    04/01/2014 9:24:41 AM PDT · 35 of 38
    khelus to dfwgator
    Super Rich love socialism, it keeps out their competition.

    Kudos

    Counter intuitive and absolutely true.
  • GAP BETWEEN SUPER RICH 0.1% AND POOR GROWS

    04/01/2014 9:21:43 AM PDT · 34 of 38
    khelus to Augustinian monk
    You are right more than you know. Many dismiss these headlines as liberal/dem rhetoric. Fact is, without a strong and growing middle class, America is doomed. Destroying the middle class (inflation, taxes, etc) and creating more have nots is straight from Communist playbook.

    Yup ....

    You are describing knee jerk reactions by those who are in denial about the destruction of the middle class.
  • More fraudulent science from EPA

    03/31/2014 6:54:36 AM PDT · 13 of 22
    khelus to rktman

    Let me be the first to say ‘Thank You’ Tricky Dick !

  • When long-term unemployment becomes self-perpetuating (No, they are NOT lazy)

    03/25/2014 3:03:45 PM PDT · 21 of 22
    khelus to bicyclerepair
    Mcdonald’s isn’t gonna hire me nor would I want to work there.

    I went through the application process for Michael’s (arts and crafts store here). It was a holiday position.

    So I answered their 200 questions on the site, took the 10-min quiz and never heard from them. Everywhere you go, it’s apply online.

    This is what the POS in charge wants. Lowest common denominator. Can’t lift up the savages, so reduce us all to their level.


    That is the fine print in equal outcomes for everyone.

    You can only achieve equal outcomes by bringing everyone down to the lowest level. It is impossible to bring everyone up to the highest level.

    It's why DeBlasio in NYC want to shut down high performing charter schools.

    FYI those who assume there's a job available for anyone who wants one are living in the distant past. The job market started softening in the late 90's and hasn't improved since.

    Our job market at all levels has been decimated by guest workers, illegals, brandy new immigrants who have no problem working at a salaries so low they need government assistance to survive, and off shoring.
  • Liquid nicotine: Just a teaspoon could kill

    03/24/2014 1:52:13 PM PDT · 137 of 380
    khelus to kingattax
    Re: nicotine is a known pesticide



    ROFL
  • Liquid nicotine: Just a teaspoon could kill

    03/24/2014 12:22:08 PM PDT · 16 of 380
    khelus to Tolerance Sucks Rocks

    Nicotine is a known pesticide.

    How toxic the nicotine liquid is would depend upon the concentration of nicotine in the liquid. For centuries, gardeners have used home-made mixtures of tobacco and water as a natural pesticide to kill insect pests.

  • Barry Goldwater versus the RINOs

    03/20/2014 9:09:56 AM PDT · 17 of 24
    khelus to cripplecreek

    Thanks for the copy of the newspaper article and pic of george romney.

    The more things change ....

  • Epigenetics: The sins of the father - The roots of inheritance may extend beyond the genome...

    03/20/2014 9:07:13 AM PDT · 33 of 33
    khelus to Black Agnes; Pharmboy

    Thanks for the links and information.

  • Stephen Blackwood: ObamaCare and My Mother's Cancer Medicine

    02/25/2014 7:06:22 AM PST · 30 of 31
    khelus to 12th_Monkey
    Obamacare it intended to kill the old and the sick.

    Heard and interesting story and it gives me pause to wonder if Obamacare had it’s hand in this reversal.

    My wife has a friend whose father was on a heart transplant list for years, now all of a sudden, he’s not. Don’t know what factors are involved with being on the list, but found it odd that he was taken off relatively soon after Obamacare took effect.

    Seems odd to me anyway.


    No doubt the result of ObamaCare

    A little publicized fact is the the 'ethicist' behind ObamaCare believes scarce medical resources should be rationed in favor of those 15 - 40.
  • NO shortage of high-tech workers, not enough jobs: Amnesty: Not Just for Low-Skilled Workers?

    02/24/2014 7:44:19 AM PST · 13 of 19
    khelus to mdmathis6
    High tech workers need to start competing businesses or consulting groups and start competing with the ‘big boys’ who wouldn’t hire them. Undercut businesses who try to outsource over seas. It’s the only way begin to right this sinking ship! All that raw talent in terms of engineers, software writers, electrical engineers and technicians not working.They need to get together, there’s a lot of spare junk laying around...even if some of it a few years out of date.

    We need to innovate or die! This monstrosity of a government will crash under its own weight and we’ll need solutions ready when the rebuilding occurs...


    There are several problems with this idea.

    Americans can't compete with people making 5 grand a year, no matter how good they are.

    Employers could care less about anything but CHEAP LABOR. They think in terms of quarterly profits, quality be damned. Management has it neatly arranged so that when poor quality hits the fan they have already moved on.
  • NO shortage of high-tech workers, not enough jobs: Amnesty: Not Just for Low-Skilled Workers?

    02/24/2014 7:37:24 AM PST · 12 of 19
    khelus to SECURE AMERICA
    Amnesty is being driven, among others, by big businesses claiming they cannot hire enough high-tech professionals.

    Which has what to do with amnesty? They can not seriously be claiming that there a thousands of high skilled qualified workers coming into our country by swimming across the Rio Grande or crawling through tunnels!


    There are high tech illegals - they're visa overstays.

    Included in the concept of amnesty is increasing the number of high tech visas to further flood the market.
  • NO shortage of high-tech workers, not enough jobs: Amnesty: Not Just for Low-Skilled Workers?

    02/24/2014 7:35:19 AM PST · 11 of 19
    khelus to mmichaels1970
    Re:wby big businesses claiming they cannot hire enough high-tech professionals.

    Yeah...at THEIR price. The going rate I've seen in sort of poking around the job market a bit and talking to peers is about 20-25% below what it was in 2006-2008


    And the wage in 3006 - 2008 ws down about 1/3 from 2000!.
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/24/2014 4:46:22 AM PST · 168 of 168
    khelus to xzins

    Addenum to post 165

    As I reread it, I may not have been clear in my point about food costs and the PCE. They way PCE and food costs are described on the government web site is confusing and could be interpreted either way. I added some white space to make the gov doc more readable. on the website the sentences are all smashed together.

  • Drug Rationing for Seniors Begins

    02/24/2014 3:47:43 AM PST · 14 of 65
    khelus to pepsionice
    they prescribed cheap paceboes (herbal remedies).

    Herbal remedies are not placebos. Placebos are inert, pretend medications, commonly referred to as sugar pills.

    Just like generics are not the 'same' as branded medications; they are allowed a range of bioequivalance of +20% through -20%.
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/22/2014 10:13:28 AM PST · 165 of 168
    khelus to xzins
    Gasoline costs me what gasoline costs me, Todd. It’s only utility for me is being in my tank and making my car go. No matter what they add its utility doesn’t change, it is the only item that works for what it does in my engine, and telling me that their additives actually mean my price has gone down when the price at the pump is UP is nothing more than irrational IF THEY are trying truly to find if MY COSTS have gone up.

    If you tell me that “angus” sirloin costs 50 cents a pound more than non-angus sirloin, and I choose the angus, then fine, tell me I’ve not really had a price increase because I chose a more expensive product when the same thing was available cheaper.

    But...gasoline? What else will I put in my tank...water?


    Yup stuff casts what stuff costs. It doesn't matter why the cost changed.

    Thst basic concept that was the foundation of the CPI when it was instituted was to measure a set standard of living.

    When you start fiddling with the cost of an item added to the CPI you are indulging in hedonics / quality adjustment / substitution. The BLS has used several tools to do this.

    The CPI has now been changed to measure the cost of a declining standard of living.

    The ivory tower academics who come up with concepts such as quality adjustment are of the same cloth as those who came up with ObamaCare and deny there are death panels.

    When ObamaCare is accused of having death panels, the academics play word games and deny there are death panels since the word death panels isn't found in ObamaCare.

    However there are committees that come up with 'best standards of practice' that are in reality 'death panels'. IMHO that means ObamaCare has death panels.

    Back to the BLS. They currently assert that they are measuring a constant level of satisfaction. In reality they are implying that if inflation forces you to buy rot gut chopped meat, not prime chopped meat, you are 'satisfied' and the concept of a set standard of living is irrelevant.

    I guess one could say you are satisfied in that you still have food to eat, but you definitely do not have the same standard of living.

    When people are reduced to eating dog food the same type of thinking would call a change in consumer's tastes. LOL

    FYI the PCE is also called:
    The PCE price index (PCEPI), the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE), and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE).

    The PCE is pure chained dollars / substitution.

    It comes in two variants with and without core inflation. your confusion is understandable considering the BEA's definition of Core PCE Inflation: {I added some white space to make it more readable]

    What is the Core PCE price index?

    The "core" PCE price index is defined as personal consumption expenditures (PCE) prices excluding food and energy prices.
    The core PCE price index measures the prices paid by consumers for goods and services without the volatility caused by movements in food and energy prices to reveal underlying inflation trends.
    Food prices consist of those included in the PCE category of “food and beverages purchased for off-premises consumption.”
    Prices included in the PCE category “food services and accommodations” are not included in the “food” price index because these services prices tend to be far less volatile than those for food commodities such as meats, fresh vegetables and fruits.
    Energy prices consist of those included in the PCE categories of “gasoline and other energy goods” and of “electricity and gas” utilities. Link
  • Obama's New Asylum Decree Favors Muslims Over Christians

    02/22/2014 9:12:27 AM PST · 18 of 22
    khelus to mgist

    The UN has determined who gets to be a humanitarian refugees for years. And the UN being the UN it has preferred Jihadis over Christians.

    http://web.archive.org/web/20080102222221/http://www.newenglishreview.org/custpage.cfm/frm/13996/sec_id/13996

  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/21/2014 10:44:20 AM PST · 148 of 168
    khelus to xzins
    The GDP is the recession measure isn’t it? Am I remembering that right. 2 quarters of negative GDP growth. (or is it 2 of zero growth or less?)

    If they’re making it larger, then we’ve had more recession than being admitted to.


    The GDP = Gross Domestic Product. It is used to measure economic growth or decline.

    There has been a change in how a recession is defined. It is no longer two months of negative GDP or growth. Here's the new deal:

    Per the BEA:

    In general usage, the word recession connotes a marked slippage in economic activity. While gross domestic product (GDP) is the broadest measure of economic activity, the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation. The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research (NBER), a private non-profit research organization that focuses on understanding the U.S. economy. The NBER recession is a monthly concept that takes account of a number of monthly indicators—such as employment, personal income, and industrial production—as well as quarterly GDP growth. Therefore, while negative GDP growth and recessions closely track each other, the consideration by the NBER of the monthly indicators, especially employment, means that the identification of a recession with two consecutive quarters of negative GDP growth does not always hold. For information on recession, or business-cycle, dating, see: http://www.nber.org/cycles/jan08bcdc_memo.html. - See more at: http://www.bea.gov/faq/index.cfm?faq_id=485#sthash.cD4PtdJW.dpuf

    NBER List of Cycles

    The last recession in theory ended in June 2009. That is based upon using jimmied stats.

    The following chart shows real GDP calculated using the CPI which represents a declining standard of living in red.

    The line in blue represents real GDP calculated using an index of inflation that represents a set standard of living, in other words the CPI stripped of the inflation suppressing enhancements added since the mid 1980's.



    If you have any questions or my answer is confusing, feel free to ask. I'll do my best to make my answers clear.
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/21/2014 10:07:58 AM PST · 144 of 168
    khelus to xzins

    I forgot to add, that if my old TV dies, and the closer new equivalent costs $1350, and my set standard of living includes a TV, then I spent $1350 and that is what ought to be counted in the CPI. period !

  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/21/2014 9:58:50 AM PST · 142 of 168
    khelus to xzins

    Once you start exploring the concepts behind so many ‘enhancements’ to the CPI it’s mind boggling. Junk concepts are cleverly hidden by convoluted language and mathematical formulas intend to deter anyone interested in looking behind the curtain.

    All those ‘guality improvements’ are in the mind of ivory tower academics and government bureaucrats.

    Note an added bonus of under reporting inflation is that ‘real’ GDP, i.e. GDP adjusted for inflation by the CPI is made to look larger than it is.

  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/21/2014 9:31:26 AM PST · 138 of 168
    khelus to xzins
    Are you serious? That’s amazing. They actually deduct the value of the additives in gasoline because they consider it better quality?

    That is amazing deceit.

    So, regular gas might be 3.50, but they’ll say it’s actually 3.30 (or whatever the deduction is.


    Yes. The tool is called Hedonics or Quality Adjustment.

    Here's the BLS definition of Hedonics or Quality Adjustment in its own words:

    The hedonic quality adjustment method removes any price differential attributed to a change in quality by adding or subtracting the estimated value of that change from the price of the old item.

    If you go to this link to CONSUMER PRICE INDEX--JANUARY 1995 and read down you will find:

    QUALITY ADJUSTMENT FOR GASOLINE

    A quality adjustment has been made to gasoline prices used in the January CPI to account for the effects of the mandated introduction of reformulated gasoline in selected areas of the United States. The gasoline index rose 0.4 percent in January, following seasonal adjustment. Without the quality adjustment, it is estimated that this index would have increased 1.1 percent. In those areas required to sell the reformulated gasoline, virtually all of the January price quotes were for reformulated gasoline.

    If you go here you will see step by step by the BLS justifies subracting 7.1% from the price of a new TV before counting it in the CPI.
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/21/2014 5:54:50 AM PST · 120 of 168
    khelus to xzins; hadaclueonce
    Another thing they lack is transparency about adjustments made for quality. Monthly they might try to be fair, but every 3-5 years or so, they redesign their market basket based on what’s currently being purchased and how.

    Worse yet is when they lower inflation by using a hedonics index or quality adjustment. The most infamous example is mandating an additive to gasoline. The additive increases the cost, but increase is subtracted when calculating the CPI using a 'quality adjustment'.
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/21/2014 5:44:16 AM PST · 118 of 168
    khelus to xzins
    its proposed use here appears to be a rare area of agreement between both sides in the current budget-deficit negotiations.

    That's because it's so darn complicated, that they can show a formula, the sheeples' eyes will glaze over, and they'll succeed in lowering government spending on social security through subterfuge with no political price to pay.

    That doesn't mean these creeps won't spend it elsewhere
    .

    Yup... You probably have noticed that a lot of big government's so called transparency is hidden in plain sight.
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/21/2014 5:34:56 AM PST · 115 of 168
    khelus to xzins
    http://www.federalreserve.gov/faqs/economy_14419.htm

    Last paragraph that begins “Finally,...”


    Good link ! I'm adding it to my collection.
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/21/2014 5:20:56 AM PST · 113 of 168
    khelus to xzins
    Because his POINT had to do with substitution.

    And, substitution is part of the calculation of the current CPI.

    Not as much as the chained cpi, that democrats are begging Obama not to use, but [b]the current cpi formula includes the concept of substitution[/b].

    It results in a lower cost than the older method.

    Inflation, as calculated by the Fed, uses core inflation numbers, and it does exclude food and energy.

    So, whichever way you turn, I get to smile.


    You are correct. The chicken vs beef was an EXAMPLE of substitution in the report by the Boskin Commission, the purpose of which was to explore more sophisticated ways to decrease the CPI and COLA.

    Chained dollars are in reality a method to incorporate substitution:

    The difference between chained dollars and the previous measure, constant dollars, is that while the latter is weighted by a constant basket of goods and services, chained dollars are weighted by a basket that changes from year to year, i.e. incorporates substitution through the sophisticated use of weighting.

    The Chained-CPI (C-CPI) is a fully-substitution-based version of the CPI-U, which is the primary inflation measure published by the U.S. government’s Bureau of Labor Statistics. The C-CPI is designed to reduce the level of reported inflation that otherwise would be used by individuals to make decisions tied to their investments and income. As a vehicle for artificially reducing COLA adjustments for such programs as Social Security, its proposed use here appears to be a rare area of agreement between both sides in the current budget-deficit negotiations.
  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/20/2014 3:32:26 PM PST · 62 of 168
    khelus to xzins

    FYI the concept of beef vs chicken came from the government’s Boskin Commission Report which was created by

    The Advisory Commission To Study The Consumer Price Index (aka The Boskin Commission) was appointed by the Senate Finance Committee to study the role of the CPI in government benefit programs and to make recommendations for any needed changes in the CPI.

    http://www.ssa.gov/history/reports/boskinrpt.html

    Beef vs chicken was used as an example of ‘substitution’.

  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/20/2014 3:09:09 PM PST · 60 of 168
    khelus to xzins

    Chained CPI calculates inflation based on moving goal posts.

    Here is a rough example of how the concept works:

    Cost of one widget
    Jan 10.00
    Feb 10.10
    Mar 10.20
    Apr 10.30
    May 10.40
    Jun 10.50

    non chained inflation in Jan $
    Jan
    Feb .01 .10/10.00
    Mar .02 .20/10.00
    Apr .03 .30/10.00
    May .04 .40/10.00
    Jun .05 .50/10.00
    In June the price of one widget has increased by .05 or 5%

    chained inflation, inflation is chained to the prior month
    Jan
    Feb .01 .10/10.00
    Mar .01 .10/10.10
    Apr .01 .10/10.20
    May .01 .10/10.30
    Jun .01 .10/10.40
    In June the price of one widget has increased by .01 or 1%

    This concept allows the government to suppress the COLA.

  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/20/2014 2:42:21 PM PST · 58 of 168
    khelus to GeronL

    RE:consumer prices?

    not counting food and energy?

    How would you not count those?

    http://www.freerepublic.com/focus/news/3125076/posts?page=57#57

  • US consumer prices tick up just 0.1 percent last month despite big gain in energy costs

    02/20/2014 2:38:30 PM PST · 57 of 168
    khelus to xzins; 1010RD; Organic Panic
    As I understand it, food is “volatile”, so they don’t count food in the new improved cpi with the weight it used to have.

    In the meantime, food has doubled, but it doesn’t get counted, and as Organic Panic has pointed out, the government counts “packages” for so many items, and the manufacturers make the packages smaller but keep the price the same. IIRC, I had to get a bag of sugar recently, and the old 5 pounder is now a 4 pounder....but, I’m just a tin foil whiner, that’s not a price increase. /sarc


    When the news or the Fed cites the CPI, they are citing core inflation.

    Core inflation has had the cost of food and energy removed in order to smooth out the CPI or remove volatility. This removal of volatility assumes the prices goes up and down not up and up and up.

    Of course this means core inflation does not represent inflation as it is experienced by the general population.

    In addition core inflation is used to evaluate how well the fed is doing in one of its mandates - stable prices. Isn't that convenient ?

    The CPI has been changed from reflecting the cost of a set standard of living to reflecting the cost of a declining one. The tools used to achieve this include weighting and the chained CPI.

    So if you aren't worried about the price of the essentials of energy and food, and about maintaining a set standard of living the CPI says every thing is hunky dory.

    OTH if you want to see what the CPI would be if measured as it was before 'enhancements' seriously affected it, look at the blue line on the chart below.



  • Websites of Venetian, Palazzo casinos hacked

    02/13/2014 6:00:22 AM PST · 5 of 9
    khelus to Las Vegas Dave

    tu for ping

  • Minimum wage has racist origin

    02/12/2014 8:28:54 AM PST · 9 of 10
    khelus to PrairieLady2; bigbob
    The OP assumes that the low-skilled workers are as qualified as the higher-skilled workers at building fence line. Chances are however, the low skilled workers are going to have to build that fence 3 or 4 times before they get it right whereas the ‘’higher-skilled’’ worker is going to do the job right the first time, making him cheaper to use, even at a higher wage.

    Thank-you. You beat me to this comment.

    Walter Williams makes the same assumption as CGI did when it outsourced the creation of the ObamaCare web site to cheap off shore IT. Look at the results.
  • Why employers say millennials can’t get a job

    02/11/2014 6:13:22 AM PST · 45 of 87
    khelus to bert; IDontLikeToPayTaxes
    The ad indicates the law of supply and demand.

    The supply is so great the demanders can get a real bargain in price

    The same btw is true of young lawyers I think


    Which is why the country has been flooded with illegals and guest workers at all levels of employment. STEM workers have been competing with illegals for some time now.

    A further benefit of such ads is that you can use it as an excuse to hire CHEAP foreign labor from cultures that have no problem falsifying their resume. It seems no employer will check one's supposed work / education history from another country.
  • Scotland Overwhelmingly Votes to Legalize Gay Marriage; Churches Object

    02/09/2014 11:51:30 AM PST · 34 of 41
    khelus to SeekAndFind
    RE: I notice it was the Scottish political elite not the Scottish people who voted for this.

    But didn’t the Scottish people VOTE for these same political elites to represent them?


    Perhaps their choices are like ours are often, i.e. between worse and worst, i.e. the lesser of two evils.

    For example IIRC Ireland kept being brought to the polls on joining the EU until they got it 'correct'. With each vote more and more money was spent on scare tactics by citizens of the world to convince the Irish they would curl up and die if they didn't join the EU.
  • Rand Paul warns Texas could turn blue (Tepid audience response to Amnesty comments)

    02/09/2014 11:44:56 AM PST · 59 of 80
    khelus to jimbo123

    There is so much to like about Rand Paul It’s a shame he doesn’t see the harm illegals and mass immigration causes our economy, national security, and traditional culture.

  • Study: The US really does have the highest corporate tax rate, loopholes and all

  • Scotland Overwhelmingly Votes to Legalize Gay Marriage; Churches Object

    02/09/2014 9:31:44 AM PST · 29 of 41
    khelus to SeekAndFind

    I notice it was the Scottish political elite not the Scottish people who voted for this. Remind you of a country you live in ?

  • Economy Better, but Still Growing Too Slowly Because of Anti-Growth Policy

    02/09/2014 8:08:15 AM PST · 16 of 24
    khelus to Revel

    Regarding the vaunted +113,000 jobs ‘created’, you might enjoy:

    http://www.freerepublic.com/focus/news/3120752/posts?page=22#22

  • Only 113k Jobs—How Decadence Breeds Decay!

    02/09/2014 8:05:14 AM PST · 22 of 22
    khelus to dfwgator

    Here’s the best part about the 113,000 jobs ‘created.

    If you look at table B-1
    http://www.bls.gov/news.release/empsit.t17.htm

    The non seasonally adjusted number of total non farm jobs was 138,266,000 in December and 135,396,000 in January

    That’s a loss of 2,870,000 jobs.

    Now add in the guesstimate of net jobs from the Birth and Death model (-307,000)
    http://www.bls.gov/web/empsit/cesbd.htm

    and

    Run the output through seasonal adjustment

    Out comes +113,000 jobs.

  • Economy Better, but Still Growing Too Slowly Because of Anti-Growth Policy

    02/09/2014 7:53:15 AM PST · 15 of 24
    khelus to Revel
    There is no improvement in the economy over all. It is all a lie.

    Indeed it is a lie.

    Blue line = unemployment counting all those in civilian labor force who are unemployed and who need full time but can only get part time work, plus those conveniently bumped out of the civilian labor force who want a job.

    Note is does not measure the loss to the economy of those who are high skilled and working entry level minimum wage because that is all there is, and they were lucky enough to get that.



    Blue line = real GDP created using an index that measures the cost of a set standard of living rather than one that measures the cost of a declining one.



    FYI the unemployment rate is created using a household survey not a count of those collecting unemployment. The number of those collecting unemployment is only used once a year for the 'annual benchmark' adjustment.
  • Ignore the Unemployment Rate (One of the most misleading numbers shaping our economy)

    02/08/2014 2:24:45 AM PST · 37 of 48
    khelus to ek_hornbeck
    TRe: he real problem is that the number, originally designed for limited purposes, has come to assume totemic status. Focusing so single-mindedly on this one employment figure has made it impossible to have a cogent discussion of labor in the U.S. and to design meaningful responses to our varied economic problems.

    An even bigger problem is that the official unemployment rate is a big underestimate. Everyone acknowledges that it doesn't count those who have given up looking for jobs, but it also fails to account for the vast number of underemployed: skilled workers and even professionals who are stuck in dead-end, near minimum wage (and often part-time) jobs in retail or elsewhere in the unskilled service sector. A "recovery" where people with skills work at Wal-Mart isn't much of a recovery.


    Appplause
  • Ignore the Unemployment Rate (One of the most misleading numbers shaping our economy)

    02/08/2014 2:20:29 AM PST · 36 of 48
    khelus to entropy12; OneWingedShark
    Re:All depends on the meaning of word “UNemployment”....BJC

    Yes, the number is a joke. They count only those receiving unemployment and those actively seeking jobs by registering with state agencies. On top of that they superimpose birth/death data to further massage the number.

    The only correct number can be found by looking at how many are paying social security tax, because every single soul who has a job or a business must pay that tax. But that would be too much transparency and too much embarrassment so the gov’t won’t tell us.


    Actually the BLS has made it more complicated than that.

    There are two surveys: one of households and one of businesses.

    The household survey produces the unemployment rate. It does not count those collecting unemployment each month nor those registered as looking for a job.

    The number collecting umemployment is used however once a year for an 'annual benchmark adjustment'.

    The main manipulation of the household data is through seasonal adjustment and manipulation of which bucket you are placed. A great way to suppress the unemployment rate is to remove more and more people out of the civilian labor force.

    The payroll survey produces the number of jobs created. The raw data is run through the Birth and Death model and seasonal adjustment to created the 'headline' number of jobs created.
  • Ignore the Unemployment Rate (One of the most misleading numbers shaping our economy)

    02/08/2014 1:43:39 AM PST · 35 of 48
    khelus to Mastador1; SeekAndFind
    Re:For every one job open, I would say there are at least 10 candidates applying for it.

    If only! I have been involved in one testing situation where I was testing against over seven hundred other applicants for ONE position, and that was just the testing phase prior to their deciding who to actually interview. On average the number of people I have been competing against for a job has been over a hundred and never less than fifty, and once again thats after the initial qualification weed out to go to the testing weed out prior to interview.


    Your higher numbers are more realistic based upon what I have experience in the tri state area.