Keyword: economy

Brevity: Headers | « Text »
  • U.S. will train 50,000 veterans to install solar panels

    09/20/2014 3:21:38 AM PDT · by 2ndDivisionVet · 59 replies
    CTV News / The Associated Press ^ | September 18, 2014 | Josh Lederman, The Associated Press
    The U.S. is planning to train veterans to become solar panel installers in the next six years, the White House said Thursday. The jobs training program is among a host of initiatives the White House says will cut carbon dioxide emissions by more than 300 million tons through 2030, plus save billions of dollars on energy bills for homeowners and businesses. It will launch this fall at one or more military bases and train a total of at least 50,000, including veterans....
  • Sonoma County jobless rate falls in August

    09/19/2014 6:01:55 PM PDT · by rey · 4 replies
    Press Democrat ^ | September 19, 2014 | ROBERT DIGITALE
    With school employees returning to work, Sonoma County’s unemployment rate dipped in August to 5.4 percent, the lowest rate for the month in seven years. In August, Sonoma had the fifth-lowest unemployment rate among the state’s 58 counties. Marin ranked first with a rate of 4.2 percent. Napa ranked fourth at 4.8 percent, Mendocino was 12th at 6.1 percent and Lake, 40th at 8.9 percent.
  • ROSENBERG: 'The Economy Is Starting To Fire On All Cylinders For The First Time This Cycle'

    09/19/2014 2:41:33 PM PDT · by blam · 80 replies
    Bi ^ | 9-19-2014 | Elena Holodny
    Elena HolodnySeptember 19, 2014 David Rosenberg, Chief Economist & Strategist at Gluskin Sheff, surprised everyone when he adopted a more bullish view in 2013. On Friday he released a research note that included a brief and pretty optimistic summary of the US economy. Here's what it said: United States In the US, the economy is starting to fire on all cylinders for the first time this cycle. The strong US dollar is a source of margin support for importers which is great news for many consumer cyclicals. Tack on stepped consumer credit growth, job and wage gains, gasoline price relief,...
  • Tampa Bay Ranks Dead Last In Median Household Income Among Biggest Metros

    09/19/2014 9:21:07 AM PDT · by Iron Munro · 26 replies
    Tampa Bay Times ^ | Thursday, September 18, 2014 | Jeff Harrington
    Median household income in Tampa Bay has sunk lower than it was in 2010, the early days of recovery from the Great Recession, cementing the bay area's dead-last ranking in income among the country's 25 biggest metro areas. Things aren't much better across the state. Miami, the only other Florida city on the list, comes in at second lowest. Tampa Bay and Miami are the only two metro areas with median household income languishing below $50,000. (Median income means half are above that and half below.) "I'm not surprised," said Mark Vitner, a senior economist with Wells Fargo, who has...
  • Obama's Ebola Agenda to Collapse the World Economy

    09/18/2014 8:29:50 AM PDT · by alexmark1917 · 69 replies
    Last few months spent gathering data and lining up the dominoes. Time to connect the dots. Obama sending US troops to West Africa to get infected and bring back here. Remember, it has a 21-day incubation period and new mutations very likely are undetectable. GENERAL: SENDING MILITARY TO FIGHT EBOLA ‘MISUSE’ OF SOLDIERS Ex-Delta Force commander stresses ‘great risk’ of infection Read more at http://www.wnd.com/2014/09/boykin-sending-military-to-fight-ebola-misuse-of-soldiers/#RDQcKjtdQIuiO0Op.99 World Bank: Ebola’s Economic Impact Could Be ‘Catastrophic’ http://time.com/3394147/ebola-world-bank/ US to begin Ebola hospital equipment lift to Liberia http://www.foxnews.com/health/2014/09/18/us-to-begin-ebola-hospital-equipment-lift-to-liberia/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:%20foxnews/health%20(Internal%20-%20Health%20-%20Text) A French aid worker from the medical charity Medecins Sans Frontieres (MSF) has contracted the Ebola...
  • Senators take aim at NFL’s tax benefits

    09/17/2014 9:42:55 AM PDT · by illiac · 44 replies
    MarketWatch ^ | 9/17/14 | MarketWatch
    The National Football League’s had a tough first three weeks of the season. The league made the news again Tuesday when New Jersey Sen. Cory Booker, a Democrat, introduced legislation that would put an end to the league’s tax-exempt status. Sen. Maria Cantwell, a Democrat from Washington, also reportedly plans to introduce legislation eliminating the league’s status. While Booker was pushed by the league’s handling of players involved with domestic violence, Cantwell is looking at the the NFL’s lack of force to get Washington to change its highly criticized name. Cantwell, also former chair of the Senate Indian Affairs Committee...
  • The War on Poverty Has Been a Colossal Flop

    09/16/2014 6:46:32 AM PDT · by Enlightened1 · 46 replies
    The Daily Signal ^ | 09/16/14 | Robert Rector
    Liberals claim that the War on Poverty has failed because we didn’t spend enough money. Their answer is just to spend more. But the facts show otherwise. Since its beginning, U.S. taxpayers have spent $22 trillion on Johnson’s War on Poverty (in constant 2012 dollars). Adjusting for inflation, that’s three times more than was spent on all military wars since the American Revolution.
  • Russia Returns To Soviet-Era “Quality Mark” To Certify Goods

    09/15/2014 11:08:44 AM PDT · by goldstategop · 12 replies
    Itar Tass ^ | 09/15/2014 | Itar Tass
    MOSCOW, September 15 /ITAR-TASS/. Russia is returning to the Soviet-style system of marking the quality of domestic goods. The State Quality Mark of the USSR was the official Soviet mark for the certification of quality established in 1967. It was used to guarantee high commercial standards of consumer products and technical goods and was a stimulus for manufacturers to improve the quality of production. Obtaining the mark allowed Soviet enterprises to increase the state controlled price for their goods by ten percent. After the collapse of the USSR in 1991, the government introduced its own sign for certification of quality...
  • Marriott hotels placing envelopes in rooms to guilt guests into leaving gratuity

    09/15/2014 10:19:02 AM PDT · by CorporateStepsister · 175 replies
    Daily Mail ^ | 15 September 2014 | By Associated Press
    Do you leave a tip in your hotel room for the maid? Marriott is launching a program with Maria Shriver to put envelopes in hotel rooms to encourage tipping. The campaign, called 'The Envelope Please,' begins this week. Envelopes will be placed in 160,000 rooms in the U.S. and Canada. Some 750 to 1,000 hotels will participate from Marriott brands like Courtyard, Residence Inn, J.W. Marriott, Ritz-Carlton and Renaissance hotels. The name of the person who cleans the room will be written on the envelope along with a message: 'Our caring room attendants enjoyed making your stay warm and comfortable....
  • Was Ferguson the beginning of a new civil rights era?

    09/14/2014 12:54:14 PM PDT · by 2ndDivisionVet · 53 replies
    The Christian Science Monitor ^ | September 14, 2014 | Patrik Jonsson
    Ferguson became a Selma-like moment for the 2010s – to the extent the stark images caused a nation to stop and reflect on the state of racial relations in America. Moreover, a new generation of activists, who were not weaned on the nonviolence of the Civil Rights Era, is coming to the fore. Ferguson, Mo. — Burly, with tattoos and a bandanna over his face, Anthony Pruit stepped up to the Missouri State Highway Patrol captain trying to cool the tensions that engulfed Ferguson, Mo., in protests and riots this summer. “We hurt, we broken, and we ain’t all criminals,”...
  • Capital Market Update; Investment & Finance Thread (Sept. 14 edition)

    09/14/2014 12:55:21 PM PDT · by expat_panama · 70 replies
    Weekly investment & finance thread ^ | Sept. 14, 2014 | Freeper Investors
    Capital Market Update; Investment & Finance Thread (Sept. 14 edition) In a phrase it looks like everything's beginning to bust loose for stocks, metals, bonds --something here for everyone!   Stocks chalked up another distribution day last Friday as the S&P nudges toward the famous 10-week moving aveage that serves as a floor in the good times and a ceiling in the bad.  Traders are also noticing that over the past week or two up volume was slight while down volume was strong.  Like maybe some kind of consensus or something, at least for the short term.  Remember however...
  • Dems' Coalition Showing Signs of Strain

    09/14/2014 11:23:37 AM PDT · by 2ndDivisionVet · 3 replies
    RealClearPolitics ^ | September 14, 2014 | Salena Zito
    After winning the presidency, Andrew Jackson sent a message to Congress suggesting that the office be extended to six years but limited to one term. His message caused wild speculation that the first “people's president” would not seek a second term. That led to a dramatic Jackson proclamation, in a letter to Pennsylvania Democrats, that the “call of the people” trumped his “personal inclination” and he could “not refuse to serve them.” The truth is, he was never not going to run. Jackson may have been the first Democrat to be elected as president. But his secretary of State and...
  • Why Renters are Not Buying Into the “American Dream” of Homeownership

    09/14/2014 10:35:20 AM PDT · by 2ndDivisionVet · 99 replies
    The Bryan Ellis Investing Letter ^ | September 11, 2014 | Carole VanSickle Ellis
    We’ve all heard that millenials are the key to the housing recovery and that home prices are set to skyrocket just as soon as all the people renting or living in family homes (read: basements) get out, get married, get employed, and settle down in their new homes. However, for some reason, the estimates for when all this will happen just keep moving farther and farther out. In an effort to determine just what is delaying renters from becoming homeowners, the New York Federal Reserve conducted a Survey of Consumer Expectations to address the issue. The study found that while...
  • Ferguson job fair attracts 5,000

    09/14/2014 9:14:49 AM PDT · by 2ndDivisionVet · 29 replies
    The St. Louis Post-Dispatch ^ | September 14, 2014 | Stephen Deere and Joel Currier
    FERGUSON • In less than half an hour, thousands of people arrived, dressed in jeans and suits, with their résumés in hand. The line to get into a room where dozens of potential employers sat waiting was at least 45 minutes long. A job fair sponsored by the Urban League of Metropolitan St. Louis on Saturday drew about 5,000. The event, held at St. Louis Community College’s Florissant Valley campus, was supposed to end at 2 p.m. But it ran more than an hour long just so everyone who had waited in line could interview. Damon Williams, 38, said frustration...
  • Massive U.S. aid overwhelms Afghans

    09/14/2014 3:36:26 AM PDT · by huldah1776 · 21 replies
    The Washington Examiner ^ | September 13, 2014 | Mark Tapscott
    American officials have spent billions of tax dollars "setting up projects or programs that the Afghans cannot or will not sustain once international forces" leave Afghanistan, according to a government watchdog. "Afghanistan is a case study in projects and programs set up without considering" whether they can be continued, said John Sopko, Special Inspector-General for Afghanistan Reconstruction. Sopko's comments came in a speech Friday to a meeting of the Center for Security Studies at Georgetown University. The problem is the sheer magnitude of the reconstruction effort, which is bigger than any ever before undertaken by the U.S. "Last year, the...
  • Black Hills customers 'mad as hell' over proposed rate increase ( Colorado )

    09/13/2014 7:41:15 AM PDT · by george76 · 30 replies
    KRDO ^ | Sep 11, 2014 | Michelle San Miguel
    PUEBLO, Colo. - Black Hills executives heard another earful from its customers during a hearing on its proposed rate increase. "I'm mad as hell about these rate increases," said Frank Soudek. "Reasonably priced power. That's what we're asking for," said Lee Gladney. Black Hills wants to increase utility rates by 4 percent starting next year to make up for the construction cost of a wind farm in Huerfano County.
  • LETTER: Obama better for US than Bush, Romney

    09/13/2014 6:52:10 AM PDT · by 2ndDivisionVet · 72 replies
    The Daily Freeman ^ | September 12, 2014 | Linda Stuart
    Dear Editor: Re “LETTER: Obama has ruined America,” Aug. 30, 2014, by James T. Varelas: The writer obviously has been drinking the Fox News and the Tea Party Kool-Aid. His statements are totally ridiculous and without any merit. All veterans do not share his comments, but he would like you to believe that somehow, coming from a vet, it makes this credible. The reason Obama was voted in a second time is the country wanted to move away from an executive office that believes shoot first and then aim. I shudder to think what shape the country would be in...
  • Republicans Expand Edge as Better Party Against Terrorism [Gallup]

    09/12/2014 3:13:06 PM PDT · by justiceseeker93 · 10 replies
    Gallup ^ | Sept. 11, 2014 | Frank Newport
    PRINCETON, NJ -- The Republican Party has expanded its historical edge over the Democratic Party in Americans' minds as being better able to protect the U.S. from international terrorism and military threats. At this point, 55% of Americans choose the GOP on this dimension, while 32% choose the Democratic Party. This is the widest Republican advantage in Gallup's history of asking this question since 2002.
  • Oil demand growth slips to 'remarkable' 2˝-year low

    09/12/2014 1:47:17 PM PDT · by Lorianne · 39 replies
    CNBC ^ | 11 September 2014 | Matt Clinch
    Demand growth in the oil markets will be more subdued than previously expected, according to the International Energy Agency, which has once again downgraded its projections for the rest of the year. "The recent slowdown in demand growth is nothing short of remarkable," the IEA said in a new monthly report on Thursday morning. "While demand growth is still expected to gain momentum, the expected pace of recovery is now looking somewhat more subdued." Additionally, global oil demand growth for has been lowered to 900,000 million b/d in 2014 and 1.2 million b/d for 2015. The pronounced slowdown in demand...
  • McDonald's Is Quietly Copying Chipotle's Strategy ("Customization")

    09/12/2014 12:06:29 PM PDT · by 2ndDivisionVet · 54 replies
    Trove ^ | September 6, 2014 | Ashley Lutz, Business Insider
    McDonald's just expanded a test for burgers that are 100% customizable. The brand hopes the strategy, which is currently in four restaurants in San Diego, California, could help attract a younger crowd and revive lagging sales. Many analysts believe that the customization will soon become widespread at McDonald's and allow it to better compete with fast-casual competitors like Chipotle. Chipotle is largely successful because the ingredients for its burritos, bowls, tacos, and salads are entirely selected by customers, who increasingly crave tailored options and high-quality ingredients. Dominique Zamora at Foodbeast tried out the process, which also has elements of fast-casual...
  • Poll: Republicans preferred to keep America prosperous (49%-40%)

    09/11/2014 4:45:09 PM PDT · by nhwingut · 3 replies
    Politipage ^ | 09/11/14 | Jon Fitzpatrick
    Earlier I posted about the new poll from Gallup where the Republicans wallop the Democrats when it comes to keeping America safe. Buried in that poll was this other nugget: “Looking ahead for the next few years, which political party do you think will keep the country prosperous." Results: Republicans 49%, Democrats 40%. And how will this impact the mid terms, exactly? Well, it "does not bode well for Democratic chances," says Gallup. While these measures are by no means perfect predictors of how well a party will do in a midterm election year, the Republican Party's strength this year...
  • Chicago Gets to Work for LGBTQ Youth (Now I've seen it all)

    09/11/2014 3:33:11 PM PDT · by 2ndDivisionVet · 16 replies
    Curve Magazine ^ | September 10, 2014 | Melanie Barker
    Help is at hand for job-seeking queer and trans youth.Roll up your sleeves, queer youth of Chicago, and get ready to connect and get skilled! On Wed., Oct. 22, 2014, noon-4 p.m. at the Center on Halsted, 3656 N. Halsted, the Work! Chicago LGBTQ Youth Job Fair welcomes members of the community, with a special focus on LGBTQ youth and the transgender community.The fair is sponsored by Windy City Times, Chicago House TransWorks, TransTech and the Center on Halsted. This job fair is a follow-up event to the Windy City Times LGBTQ Homeless Youth Summit held in May, in which...
  • For 90% Of Americans: There Has Been No Recovery

    09/11/2014 7:03:28 AM PDT · by SeekAndFind · 23 replies
    Street Talk Live ^ | 09/11/2014 | Lance Roberts
    Every three years the Federal Reserve releases a survey of consumer finances that is a stockpile of data on everything from household net worth to incomes. The 2013 survey confirms statements I have made previously regarding the Fed's monetary interventions leaving the majority of Americans behind: "While the ongoing interventions by the Federal Reserve have certainly boosted asset prices higher, the only real accomplishment has been a widening of the wealth gap between the top 10% of individuals that have dollars invested in the financial markets and everyone else. What monetary interventions have failed to accomplish is an increase in production...
  • RadioShack restructuring begins to takes shape

    09/10/2014 1:54:31 PM PDT · by SeekAndFind · 78 replies
    Thoubled electronics retailer RadioShack Corp's shares have lost nearly a third of their value since brokerage Wedbush Securities said on Tuesday the company could file for bankruptcy soon, making the stock worthless by the end of this year. The stock fell as much as 20 percent to 76 cents on Wednesday, adding to a 23 percent plunge on Tuesday. "Our price target reflects our expectation that creditors will force a reorganization and wipe out RadioShack's equity," Wedbush analyst Michael Pachter wrote in a note. Pachter, rated four stars out of five by StarMine for the accuracy of his calls on...
  • Home Depot (HD) Hack Could Be Biggest Card Breach Ever

    09/10/2014 6:39:06 AM PDT · by KeyLargo · 31 replies
    ABC News ^ | Sep 9, 2014 | Richard Davies
    By Richard Davies @daviesnow Sep 9, 2014 9:03am Home Depot (HD) Hack Could Be Biggest Card Breach Ever Morning Money Memo: The huge hacking attack against Home Depot’s payment systems could turn out to be the biggest breach of any retailer’s data so far. The company confirmed the data break-in but did not say how many credit and data cards are affected. The total could be as much as 60 million, according to several experts. That would be far more than the total number of cardholders impacted by the breach at Target stores. There is no evidence that any debit...
  • The United States should be nervous about the Scottish independence referendum

    09/10/2014 1:44:18 AM PDT · by 2ndDivisionVet · 87 replies
    The London Telegraph ^ | September 9, 2014 | Nile Gardiner
    (VIDEO-AT-LINK)Next week’s referendum on Scottish independence has largely flown under the radar screen here in the United States. The cable news networks have devoted little attention so far to the issue, as the Isil threat in the Middle East continues to dominate international coverage. There has been no polling conducted on the Scottish question in the US, and it is doubtful that many Americans outside of the Washington policy bubble or the financial milieu of New York are particularly exercised by the outcome of a vote taking place over 3,000 miles away. They should be concerned, however. What happens in...
  • Who's ashamed of the Confederate Flag?

    09/09/2014 8:46:43 PM PDT · by 3boysdad · 65 replies
    I'm just curious who is ashamed of the Stars and Bars. I was born and raised in the south and this flag always gave me comfort and identity. I slept with it over my bed during my youth. What about you? Today if you even mention it, it's like a fart in church. I say, where are the true southern men?!
  • Obama Outperforms Reagan On Jobs, Growth And Investing

    09/09/2014 9:34:02 PM PDT · by jamndad5 · 56 replies
    Forbes ^ | Sept. 9th 2014 | Adam Hartung
    ”President Reagan has long been considered the best modern economic President. So we compared his performance dealing with the oil-induced recession of the 1980s with that of President Obama and his performance during this ‘Great Recession.’
  • The college degree has become the new high school degree

    09/09/2014 8:51:56 PM PDT · by 2ndDivisionVet · 33 replies
    The Washington Post ^ | September 9, 2014 | Catherine Rampell
    You’ve heard of grade inflation? Welcome to the world of degree inflation. A new report finds that employers are increasingly requiring a bachelor’s degree for positions that didn’t used to require baccalaureate education. A college degree, in other words, is becoming the new high school diploma: the minimum credential required to get even the most basic, entry-level job. The report is from Burning Glass, a labor market analytics company that mines millions of online job postings. The company found that a wide range of jobs — in management, administration, sales and other fields — are undergoing “upcredentialing,” or degree inflation....
  • Where's the Payoff in Gambling?

    09/09/2014 7:20:39 AM PDT · by Kaslin · 54 replies
    Townhall.com ^ | September 9, 2014 | Phyllis Schlafly
    For those who promote legalized gambling as a means of economic development or revitalization, or as a painless way to pay for public schools, the recent news from Atlantic City, New Jersey, is sobering. Dominated by its famous boardwalk, the beach resort is familiar to Americans from the popular game of Monopoly, the Miss America pageant and the Democratic Convention that nominated Lyndon B. Johnson for president. Almost 40 years ago, when casino gambling was prohibited by every state except Nevada, New Jersey voters succumbed to a slick campaign that promised to remake the fading resort into Las Vegas East....
  • HERE IT IS: SocGen's Famous Chart With The Black Swans

    09/09/2014 6:07:16 AM PDT · by blam · 6 replies
    BI ^ | 8-9-2014 | Sam Ro
    Sam RoSeptember 9, 2014 "Black swans" characterize unforeseen and unlikely events that have the potential to rock the economy and financial markets. While the sharp slowdown in Europe has dominated the economic headlines lately, SocGen believes that we should be most worried about China. "The most significant downside risks to the global economy in this short-term setting aside geopolitical risks remains a hard landing of the Chinese economy," the analysts' said. "As highlighted on a previous occasion, the fact that China is now the world’s second largest economy means that a scenario in which China experiences a hard landing knocking...
  • Unemployed Would Rather Shop Than Look For A Job

    09/09/2014 4:54:09 AM PDT · by LeoMcNeil · 50 replies
    According to the bureau of labor statistics people who the government consider unemployed are twice as likely to go shopping as they are to look for a job. Keep in mind the government under counts the unemployed by shifting millions out of unemployment by declaring they’ve simply given up looking for work. As it stands today, job growth is barely keeping up with population growth. The country has millions of people who are unemployed, many of whom consider shopping more important than looking for a job. Unemployment and other welfare benefits are making life unemployed too easy. It isn’t just...
  • BLS: Unemployed More Likely to Go Shopping on Average Day Than Look for Job

    09/08/2014 7:20:22 PM PDT · by 2ndDivisionVet · 18 replies
    CNS News ^ | September 8, 2014 | Ali Meyer
    On the average day, an unemployed American is more likely to be shopping—for things other than groceries and gas---than to be looking for a new job, according to data from the Bureau of Labor Statistics. Only 18.9 percent of Americans who were unemployed (in surveys conducted from 2009 through 2013) spent time in job search and interviewing activities on an average day, according to BLS. Yet 40.8 percent of the unemployed did some kind of shopping on the average day--either in a store, by telephone, or on the Internet. 22.5 percent of the unemployed, according to BLS, were shopping for...
  • RANKED: The 50 US State Economies From Worst To Best

    09/08/2014 8:44:24 AM PDT · by SeekAndFind · 32 replies
    Business Insider ^ | 09/08/2014 | ANDY KIERSZ AND ELENA HOLODNY
    The U.S. economy is in pretty good shape. GDP is growing, unemployment is falling, and we're seeing signs that wages may be on the rise. However, the U.S. economic story is actually just an aggregation of 50 economic stories. Previously, Business Insider examined ranked every state by how quickly the economies were growing. This time around, we calculated which states had the best economies outright. We ranked each state on seven economic measures: the July unemployment rate; the change in nonfarm payroll jobs from June to July 2014; the 2013 GDP per capita; the 2012 per capita consumption; the 2013...
  • Class Issues, Not Race, Will Likely Seal the Next Election

    09/08/2014 1:22:37 AM PDT · by 2ndDivisionVet · 8 replies
    The Daily Beast ^ | September 7, 2014 | Joel Kotkin
    Race is always a hot button topic in the U.S., but rising and rampant economic inequality will likely be the issue that propels people to the voting booth. Recent events in Ferguson, Missouri and along the U.S.-Mexico border may seem to suggest that race has returned as the signature issue in American politics. We can see this already in the pages of mainstream media, with increased calls for reparations for African-Americans, and expanded amnesties for the undocumented. Increasingly, any opposition to Obama’s policies is blamed on deep-seated white racism. Yet in reality, race will not define the 2014 election, or...
  • Alibaba files to sell up to $24.3 billion in stock, biggest US IPO ever

    09/07/2014 10:13:06 PM PDT · by 2ndDivisionVet · 22 replies
    CNBC ^ | September 5, 2014 | Staff
    (VIDEO-AT-LINK)Chinese e-commerce giant Alibaba on Friday filed to sell up to $24.3 billion in stock, making it the biggest U.S. initial public offering ever. Alibaba is selling 123 million of the 320 million American Depositary Shares slated for the IPO at between $60 and $66 per share, according to a filing. Shareholders including Yahoo, Ma and executive vice chairman Joe Tsai are offering the remainder. Yahoo cut its stake in the company to 16.3 percent from 22.4 percent and SoftBank cut its stake to 32.4 percent from 34.1 percent earlier, Dow Jones reported....
  • Obama Outperforms Reagan on Jobs, Growth and Investing

    09/07/2014 9:17:08 PM PDT · by Is2C · 62 replies
    Forbes ^ | 9/5/2014 | Adam Hartung, Bob Deitrick
    Back in May 2013 the Dow was out of its recession doldrums and hitting new highs. I asked readers if Obama could, economically, be the best modern President? The #1 issue raised by readers was whether the stock market was a good economic barometer for judging “best.” Many complained that the measure they were watching was jobs – and that too many people were still looking for work. To put this week’s jobs report in economic perspective I reached out to Bob Deitrick, CEO of Polaris Financial Partners and author of “Bulls, Bears and the Ballot Box” for some explanation....
  • To the Extent America Has an Infrastructure Crisis,

    09/07/2014 11:13:50 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | September 7, 2014 | Daniel J. Mitchell
    Michael Strain of the American Enterprise Institute looks at the topic of infrastructure spending and I’m left with mixed feelings. Some of what he writes is very good. Yes, the claims of an “infrastructure crisis” by President Obama, many liberals…are exaggerated. …yes, existing laws and regulations turn infrastructure projects into boondoggles that take an order of magnitude longer to complete than necessary and cost more than they should. Amen, particularly with regard to the absurd notion that America is suffering some sort of crisis. The International Institute for Management Development in Switzerland, publisher of the World Competitiveness Yearbook, puts the...
  • States by Economics and Voting (Investment & Finance Thread)

    09/07/2014 12:50:08 PM PDT · by expat_panama · 70 replies
    Weekly investment & finance thread ^ | Sept. 7, 2014 | Freeper Investors
    Day before yesterday we were checking out this BEA map of the U.S. that was colored/labled by GDP and it got us on to the redstate/bluestate divide.   Naturally (as expected) small gov't low tax policies generally flowed with growing economies but what snagged us were the anomalies --Alaska did so poorly yet West Virginia soared.   Seems we can overcome that by ourselves and get all the state numbers for GDP from the BEA along w/ employment states by state from the BLS --and then toss them into online mapping websites (I used iMapBuilder Online). Got to just love this info...
  • The Enterprise Of Maligning Enterprise (And The Clergy Who Make Matters Worse)

    09/06/2014 11:16:29 PM PDT · by 2ndDivisionVet · 13 replies
    Townhall ^ | September 7, 2014 | Austin Hill
    "MCDonalds Mcdonalds, can't you see...Seven-forty is not for me..." The chant, recited through a megaphone, was being led by a man identifed as a Christian Pastor ("Reverend Charles" we'll call him), near a McDonalds restaurant in Detroit last week. Dozens of people in the parking lot uttered the chant with him, as the crowd sought to malign McDonalds restaurants while at the same time demanding a $15.00 per hour wage. "They want fifteen, they want a union, they want to be organized" Pastor Charles told the tv news crews. "The McDonalds corporation should allow that to happen immediately." The illogic...
  • More Angelenos are becoming street vendors amid weak economy

    09/06/2014 8:59:25 PM PDT · by 2ndDivisionVet · 42 replies
    The Los Angeles Times ^ | September 6, 2014 | Tiffany Hsu
    Sitting at her street vending booth with products arrayed neatly on a sequined purple tablecloth, Jackie Lloyd reflects nostalgically on the days when she had a steady salary and regular hours.. That was four years ago, before the 39-year-old was laid off from her job as an elementary school cafeteria worker and mounting bills forced her to venture into self-employment. Now the Pico-Union resident hops from location to location, selling body oils, shea butter, soap and incense. She moves when nearby businesses complain or she feels unsafe. Some days, her sales bring in $150. Others, they don't break $20....
  • Unemployed Unicorns, Bonfires & the Magic Rainbow of Obamanomics

    09/06/2014 4:45:28 PM PDT · by xuberalles · 19 replies
    Self | 9/6/14 | Me
    I’ve said it before and I’ll say it again: the Obama economic recovery is a complete sham! Barack the Barista, aided by his media muppets and trusty teleprompter, continues to tout the “common core” 6.1% unemployment rate while shouting “America is back” from the top of Mount Hypocrisy amidst adoring crowds of mindless Kool-Aid drinkers. As expected, our so-called President is excluding one teensy-weensy, minor detail: Over 92 MILLION Americans, more than a third of the country, are not working! Workforce participation is at an atrocious 62.8%, the lowest rate since Carter’s implosion in 1978, and food stamp recipients have...
  • One-Third of Americans Are Freelancers Now

    09/05/2014 7:51:45 PM PDT · by 2ndDivisionVet · 34 replies
    Reason Magazine's Hit & Run Blog ^ | September 5, 2014 | Elizabeth Nolan Brown
    new report shows some 53 million Americans—or 34 percent of the U.S. workforce—are now working as freelancers in some capacity. "This is more than an economic change," asserts the report, a joint effort from the Freelancer's Union and freelance markeplaces oDesk and eLance. It's also "a cultural and social shift" that will "have major impacts on how Americans conceive of and organize their lives, their communities, and their economic power." The first and last time anyone looked at the freelance worker population in the U.S. was 2004, in a report from the Government Accountability Office (GAO). Back then the GAO...
  • Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low

    09/05/2014 10:17:23 AM PDT · by Red Badger · 39 replies
    CNS News Service ^ | September 5, 2014 - 9:07 AM | By Ali Meyer
    CNSNews.com) - A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics. The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978. BLS employment statistics are based on the civilian noninstitutional population, which consists of all people 16 or older who were not in the military or an institution such as a prison,...
  • Labor Participation Rate Drops To Lowest Since 1978; People Not In Labor Force Rise To Record

    09/05/2014 7:04:21 AM PDT · by Zakeet · 10 replies
    Zero Hedge ^ | September 5, 2014
    Complete headline: Labor Participation Rate Drops To Lowest Since 1978; People Not In Labor Force Rise To Record 92.3 Million It is almost as if the Fed warned us this would happen. In a note released yesterday, a Fed working paper titled "Labor Force Participation: Recent Developments and Future Prospects", looked at the US labor force and concluded that "while we see some of the current low level of the participation rate as indicative of labor market slack, we do not expect the participation rate to show a substantial increase from current levels as labor market conditions continue to improve."...
  • The Fed: Economy is Gloomy because Americans are “Hoarding Money”

    09/04/2014 7:56:02 AM PDT · by Sean_Anthony · 54 replies
    Canada Free Press ^ | 09/04/14 | Alan Joel
    Investing money in or starting small businesses-- Backbone of America In a moment of recent hand-wringing, the Fed examined the question of why inflation has stayed extremely low in the United States despite all the efforts of quantitative easing money pumping. Their answer: American consumers are mainly to blame. Yes indeed. In a paper released this week by the St. Louis Federal Reserve, the Fed cites “low level of money movement in large part on consumers and their “willingness to hoard money.”. To be fair, the paper also criticized its own policies as well, suggesting that the has they have...
  • Icahn, Soros, Druckenmiller, And Now Zell: The Billionaires Are All Quietly Preparing For The Plunge

    09/04/2014 6:50:17 AM PDT · by blam · 13 replies
    Zero Hedge ^ | 9-4-2014 | Tyler Durden
    Tyler Durden 09/03/2014 "The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC this morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue; and when you got a demand issue it's hard to imagine the stock market at an all-time high." Zell said he is being very cautious adding to stocks and cutting some positions because "I don't remember any time in my career where there have been as many wildcards floating out there that...
  • Fed says Americans are hoarding cash

    09/04/2014 12:10:11 AM PDT · by Citizen Zed · 49 replies
    msn money ^ | 9-3-2014
    One of the great mysteries of the post-financial crisis world is why the U.S. has lacked inflation despite all the money being pumped into the economy. The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement in large part on consumers and their "willingness to hoard money."  The paper also cites the Fed's own policies as a reason for consumers' unwillingness to spend. Though American consumers might dispute the notion that inflation has been low, the indicators the Fed follows show it to be running well...
  • This Chart Disproves Republicans' Food-Stamp Nonsense

    09/03/2014 6:40:37 AM PDT · by SeekAndFind · 30 replies
    TNR ^ | 09/03/2014 | Danny Vinik
    When Republicans want to support their position that Americans have become dependent on welfare, they frequently point to the number of workers on food stamps. In 2012, Senator Rand Paul called the program “out of control.” In 2011, Senator Jeff Sessions told the Daily Caller, “There is no doubt, if this country isn’t willing to look under the hood of the food stamp program as we try to bring our surging debt under control, we are obviously not serious about what we are doing.”Paul, Sessions and their Republican colleagues are right that the number of food stamp beneficiaries grew considerably...
  • Fact Check: Are Americans “better off” since Obama took office?

    09/02/2014 4:50:28 PM PDT · by nhwingut · 25 replies
    Politipage ^ | 09/02/14 | Jon Fitzpatrick
    President Obama appeared at a Labor Day event in Milwaukee, Wisconsin, where he told a crowd of union supporters that "American workers and the American economy are better off since I became president."Since it is widely acknowledged that Americans have given Obama record setting disapproval numbers relative to his handling of the U.S. economy - we decided to fact check this statement. First let's review how America feels about this statement. According to the latest Gallup poll, a mere 35% of the country approves of Obama's handling of the economy. NBC News/Wall St Journal reported the same 35% (with 71%...