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Keyword: jobs

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  • Hawker Beechcraft sheds more jobs

    11/08/2012 12:12:09 PM PST · by Arthurio · 9 replies
    AOPA ^ | 11-8
    Layoff notices will be sent to about 410 Hawker Beechcraft employees, as the company plans to close facilities in three locations and shut down its business jet production. The Wichita Eagle reported that 60-day notices will be issued Nov. 9 to affected employees in Wichita, Kan., where the company is based, along with Little Rock, Ark., where the last of the Hawker business jets are being completed. Job cuts will also be made in San Antonio and Mesa, Ariz., the Eagle reported, quoting from a letter to employees signed by CEO Steve Miller and Chairman Bill Boisture:
  • The Free Republic "Elections Have Consequences" Repository

    11/08/2012 10:08:08 AM PST · by ScottinVA · 69 replies
    Self | 8 November 2012 | ScottinVA
    Fellow FReepers -- This is designed to serve as a single repository for layoff announcements, stories and other related news pertaining to the future dismantling of our economy due to the re-election of Barack Obama. The goal here is a one-stop source to bolster our argument that Obama's reelection is truly the detriment to our economic well-being.
  • Layoffs

    11/08/2012 4:55:44 AM PST · by TigerClaws · 32 replies
    Various Sources
    Boeing Announces Big Layoffs in Defense Division http://www.cnbc.com/id/49729998 ING Layoffs In State Are Unrelated To Massive Staff Reduction In Europe http://www.courant.com/business/connecticut-insurance/hc-ing-layoffs-20121107,0,5645363.story Caterpillar’s Layoffs Parallel A Falling Monthly Copper Price Index http://agmetalminer.com/2012/11/07/caterpillars-layoffs-parallel-a-falling-monthly-copper-price-index/ More Layoffs May Be In Store for Alcatel-Lucent http://www.fool.com/investing/general/2012/11/06/more-layoffs-may-be-in-store-for-alcatel-lucent.aspx Boeing Telegraphs Layoffs in Defense, Space & Security Unit http://247wallst.com/2012/11/07/boeing-telegraphs-layoffs-in-defense-space-security-unit/ Umatilla Chemical Depot plans layoffs this month, in 2013 http://www.tri-cityherald.com/2012/11/06/2160493/umatilla-chemical-depot-plans.html#storylink=cpy Hawker Beechcraft to close plants in Arkansas, Texas, Arizona, cut more jobs http://www.therepublic.com/view/story/52f3fff526904fc68717a1cf890c9f9c/KS—Hawker-Beechcraft-Layoffs
  • Boeing Announces Big Layoffs in Defense Division

    11/07/2012 11:22:15 PM PST · by My Favorite Headache · 29 replies
    CNBC ^ | 11/7/2012
    Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs. Boeing Headquarters The company [BA 70.11 -1.47 (-2.05%) ] told employees about the changes on Wednesday, in a memo obtained by Reuters and confirmed by Boeing. Boeing, the Pentagon's second-largest supplier, said the changes were the latest step in an affordability drive that has already reduced the company's costs by $2.2 billion since 2010, according to the memo. The measures come as U.S. weapons makers are...
  • Forward! To mass layoffs!

    11/08/2012 9:48:06 AM PST · by Red Steel · 113 replies
    Human Events ^ | 11/8/2012 07:58 AM | John Hayward
    Obamanomics grinds grimly onward,  as CNBC brings word that on the day after the election, “Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California, and consolidate several business units to cut costs.”  It was sweet of them to keep that under wraps until after the election, wasn’t it? And that’s not even the dreaded “sequestration” layoffs, which Obama broke the law to convince defense contractors to keep under wraps until after the election.  Those are yet to come.  The upside to living in a banana Republic...
  • GOP must woo working people chasing American dream

    11/08/2012 2:37:32 AM PST · by Cincinatus' Wife · 37 replies
    The Washington Examiner ^ | September 8, 2012 | Timothy P. Carney
    Republicans need a new coalition and a new message. The heart of that coalition should be the working class. The message should be populism. Populist movements in the past have often been ugly because they scapegoated vulnerable minorities. The new Republican populism shouldn't blame the "47 percent" of Mitt Romney's imagination, or immigrants seeking to make a better life. The new Republican populism should declare war on the cronies and special interests who use big government to rig the game in their favor and deny opportunity to those trying to climb the ladder and live the American dream. It's time...
  • Analysis: Will Texas secede from Barack Obama’s America?

    11/07/2012 11:47:51 PM PST · by Cincinatus' Wife · 61 replies
    Houston Chronicle ^ | November 8, 2012 | Richard Dunham
    There’s Barack Obama’s America.And then there’s Texas.In Barack Obama’s America, Latino voters overwhelmingly favored the Democratic incumbent, handing him 71 percent of their votes to 27 percent for GOP nominee Mitt Romney. In Texas, voters overwhelmingly elected the first Hispanic senator in the state’s history. A conservative Republican.In Barack Obama’s America, the Tea Party wave receded, with some of the most prominent firebrands of the 2010 conservative insurgency sent packing by the voters. In Texas, despite the defeat of freshman Republican Francisco “Quico” Canseco of San Antonio, voters sent three new Republicans with strong Tea Party support to Washington, including...
  • Mourning in America - Here's Those Layoffs We Voted For Last Night(Sobering)

    11/07/2012 7:26:25 PM PST · by My Favorite Headache · 60 replies
    Freedom Works ^ | 11/7/2012
    Last night's victory for the President marks the first time since its inception that Obamacare is no longer a what-if; it is the future of health care in America. It also means a near immediate impact on the economy. With 20 or so new or higher taxes set to be implemented, ranging from a $123 billion surtax on investment income, through the $20 billion medical device tax, all the way down to the $600 million executive compensation limit, Obamacare will be a nearly unbearable tax burden on the economy. Who will pay? The middle-class workforce, of course. So with another...
  • Tomorrow, we fire a liberal (as scheduled and promised)

    11/06/2012 9:15:14 PM PST · by max americana · 75 replies
    vanity ^ | november 6, 2012 | max
    As per my original post weeks ago, we hired a liberal deliberately so we can fire him once Odumbo wins. Well, because I'm a man of my word, this puke will be fired at the end of the day. This is therapy as I saw the last posts in 2008 and lots of Freeper bosses fired their libtard employees. It will make me feel good as every liberal's misery is my happiness and this is "revenge" as per that POS p-resident said.
  • Signs of Things To Come Under an Obama 2nd Term: Bad Economic News on Election Day

    11/06/2012 12:06:06 PM PST · by whitedog57 · 2 replies
    Confounded Interest ^ | 11/06/2012 | Anthony B. Sanders
    Sadly for the people of New Jersey and New York, the New York ISM Current Business Conditions Index fell to 45.9 signalling contraction. The employment index fell to 47.8 after 4 months of above 50 readings. This came after a poorer than anticipated job openings reports (JOLTS). The print for September was 3561 which is exactly the same as the print for August, although the August number was revised higher to 3661. Hence, job openings actually fell in September. The numbers within the yellow box show that job openings have been level since early 2012. Gold rose this morning to...
  • Obamacare's price: Full-time jobs become part-time

    11/05/2012 5:45:02 PM PST · by markomalley · 19 replies
    If you are looking for a full-time job, prepare to be disappointed if President Obama wins re-election Tuesday. Since Obama was sworn into office in 2009, the number of Americans with full-time jobs has actually fallen by 370,000. The number of Americans with part-time jobs, by contrast, is up 1.5 million. Jobs are being created in the Obama economy, but they're not the type of jobs Americans can live on. And Obama's policies are clearly contributing to the shift. Last month, we noted that Darden Restaurants, the parent company of popular chains like Olive Garden and Red Lobster, stopped replacing...
  • Obama scorched as 'delusional' on final day: 'This is worthy of men in the white coats'

    11/05/2012 5:08:04 PM PST · by Colofornian · 88 replies
    WorldNetDaily ^ | Nov. 5, 2012 | Joe Kovacs
    On the final full day of campaigning in the 2012 race for the White House, President Obama is being blasted for a speech he gave in Madison, Wis., a speech his opposition calls “delusional.” “We tried our ideas. They worked. The economy grew. We created jobs. Deficits went down,” Obama said Monday. “We tried their ideas. They didn’t work. The economy didn’t grow, not as many jobs, and the deficit went up. But here’s the thing. Governor Romney’s a very talented salesman..." “This is just delusional,” opined radio giant Rush Limbaugh, reacting to Obama’s suggestion that deficits have gone down...
  • SOWELL: Gross Misconceptions

    11/05/2012 10:36:38 AM PST · by jazusamo · 9 replies
    Creators Syndicate ^ | November 6, 2012 | Thomas Sowell
    This country is at a historic crossroads, and the path we choose can determine our future far beyond the next four years. Our children and grandchildren may someday bless us or curse us for what we do this Tuesday. Against that background, it is painful to see the petty talking points and gross misconceptions that seem to dominate this year's election campaign. Take the question of jobs. How many times have we heard about how many jobs have been added during the Obama administration? Yet few people bother to find out whether these are net additions to jobs — which...
  • Emanuel: Tightening of Pa. race to be expected

    11/04/2012 8:27:22 AM PST · by Cincinatus' Wife · 27 replies
    Washington Times ^ | November 4, 2012 | David Eldridge
    Chicago Mayor Rahm Emanuel on Sunday dismissed the idea that President Obama is vulnerable in Pennsylvania, where polls have tightened ahead of Tuesday's election. The mayor, a former White House chief of staff who is one of the president's most outspoken advocates, said the Obama campaign is confident in Pennsylvania despite the narrowing lead. "I think Pennsylvania is secure, but you don't take anything for granted," Mr. Emanuel said on CNN's "State of the Union." The Obama campaign is sending former President Bill Clinton to campaign in Pennsylvania on Monday, but Mr. Emmanuel played down that move as well. "That...
  • After Obama reelected, EPA regulations will kill 887,000 jobs annually!

    11/04/2012 8:27:21 AM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 11/04/2012 | Anthony B. Sanders
    According to the Bureau of Labor Statistics, the unemployment rate rose from 7.8% to 7.9% for October. The number of unemployed in the US rose from 12,088,000 in September to 12,258,000 in October. An increase of 170,000. The good news is that non farm payrolls increased by +171,000. Of course, there are the defense contractor layoffs that the Obama Administration asked to be postponed until after the election, such as Lockheed. And there are job losses that will occur after the election (unless overturned) of 887,000 annually from EPA regulations going into effect (according to Senator im Inhofe, Ok). And...
  • U.S. Shed 9,000 Mining, Energy Jobs in October, 17,000 Since May

    11/04/2012 4:42:41 AM PST · by george76 · 6 replies
    Heritage ^ | November 2, 2012 | Lachlan Markay
    Buried in Friday’s Bureau of Labor Statistics report on the country’s unemployment situation was this disheartening fact: 9,000 employees of the mining and resource extraction sector lost their jobs in October. That brings total job losses in that sector to 17,000 since May, according to BLS.
  • Black Unemployment Jumps 10.9% on Obama

    11/03/2012 10:10:11 PM PDT · by NaturalBornConservative · 3 replies
    Natural Born Conservative ^ | November 4, 2012 | Larry Walker Jr
    Are you better off today than four years ago? - By: Larry Walker, Jr. -According to the latest report from the Bureau of Labor Statistics, the official unemployment rate for all Americans rose by 1.3% since Barack Obama took office. But over the same period, the unemployment rate for Black Americans jumped by 10.9%, and the number of unemployed Black Americans climbed by 19.1%. So are we better off than we were four years ago? You might be, but the Black Community as a whole definitely is not. So will 90% of Blacks vote to re-elect Obama anyway? You betcha,...
  • U.S. Jobs Deficit Sticks at 11.6 Million in October

    11/03/2012 5:52:26 PM PDT · by NaturalBornConservative · 3 replies
    Natural Born Conservative ^ | November 3, 2012 | Larry Walker Jr
    32 Years from Full-Employment- By: Larry Walker, Jr. - In the fairest sense, the U.S. Jobs Deficit has improved by an average of 30,000 jobs per month since January 1, 2011. And although this may be good enough for indifferent Obama loyalists, what it really means is that based on Barack Obama’s very best job creation averages to date, full employment is still another 32 years away. Based on yesterday’s Employment Situation Report, 171,000 nonfarm jobs were added in the month of October. However, since the U.S. needs to add a minimum of 320,850 jobs each and every month...
  • GOP seeks favor with South Texas Hispanics

    11/03/2012 11:36:36 AM PDT · by Cincinatus' Wife · 7 replies
    Houston Chronicle ^ | November 3, 2012 | WILL WEISSERT
    ...A dead-heat contest for Texas House District 43 pits Alice attorney and former Democratic state Rep. Yvonne Gonzalez Toureilles against J.M. Lozano, who was elected to the House as a Democrat in 2010 but switched parties in March, after new electoral maps made his district more-conservative. ..."Some people have told me it's almost like switching religions," said George Antuna, co-founder of Hispanic Republicans of Texas, which donated $2,500 to Lozano's campaign. "But when folks like J.M. switch, people look at it and say, 'I guess it's not so bad.'" Antuna claims the party has already made strides, pointing to Ted...
  • Jobs Report Overstated by 123k Because Of Lockheed "Delay" Thanks to Obama Rigging the Report

    11/03/2012 9:47:31 AM PDT · by whitedog57 · 17 replies
    Confounded Interest ^ | 11/03/2012 | Anthony B. Sanders
    According to the Bureau of Labor Statistics, the unemployment rate rose from 7.8% to 7.9% for October. The number of unemployed in the US rose from 12,088,000 in September to 12,258,000 in October. An increase of 170,000. The good news is that non farm payrolls increased by +171,000. Bear in mind that these numbers are misleading because Lockheed announced layoffs of 123,000, but was asked by the Obama Administration to delay the layoffs until after the election. So, add 123,000 to the number of unemployed and deduct 123,000 from the NFP jobs created of 171,000. So, the actual increase in...
  • Where Have All the Jobs Gone?

    11/03/2012 6:12:41 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | November 3, 2012 | John C. Goodman
    Another jobs report came out yesterday and, like so many others before it, the news was disappointing. Our economy is actually growing more slowly this year than it grew last year — somewhere in the 2% range. Normally after a steep decline, the economy would be roaring back at a 5% to 6% clip. The official unemployment rate is 7.9%, one-tenth of a point higher than last month's number. But the true rate is almost twice that level. Many people who want a full-time job are working part-time instead. And much of the modest increase in economic activity is the...
  • Are Republican Policies Good or Bad for the Economy?

    11/03/2012 4:07:13 AM PDT · by Moseley · 12 replies
    The Tea Party Tribune ^ | November 2, 2012 | Jonathon Moseley
    What policies will create jobs and a strong economy? As we face the November 6 election, are Democrats or Republicans better for jobs and economic opportunity? Liberal Keynesian economics is in the DNA of the Democrat Party. Mitt Romney brilliantly labeled it “trickle down government.” Free enterprise and limited government are the heart and soul of the Republican Party. These two economic perspectives form the basis of the two political parties. Barack Obama could win re-election after a disastrous four-year term simply because Democrats argue that Republicans will be worse. Their main theme is that George Bush destroyed the economy...
  • Defense Jobs Cuts Looming; Obama lied to get swing state votes

    11/02/2012 9:02:03 PM PDT · by annajones · 11 replies
    des moines register and brietbart ^ | 11/02/2012 | annajones
    Defense Jobs Will be Massively Cut -- Obama's goal and promise ref link and there is a previous one from Brietbart: http://www.breitbart.com/Big-Government/2012/10/24/Obama-Flip-Flops-on-Debate-Statement-About-Sequester He said "the sequester", a term the media has been trying to hide, wouldn't happen on national TV during the third debate so he won't lose votes from swing states, but the very next day during an interview he gave to the Des Moines Register which he promised on condition that it not be printed he took credit for the sequester legislation and proudly said that he will let the sequester happen along with the expiration of the...
  • Nearly 600 WPS Health Insurance Jobs Could be Cut (WI)

    11/02/2012 4:25:10 PM PDT · by bigbob · 9 replies
    WMTV NBC 15 Madison ^ | 11-2-12 | WMTV
    WPS Health Insurance announced today that it is adjusting its resources in response to competitive pressures and recent losses in the government contract market. The company will adjust resources across the corporation. Staffing impacts could affect 600 positions, though this number is subject to change. The actual adjustments and timeframe depends on the outcome of protests and additional opportunities. Adjustments will occur in phases over the next year. Notices to staff will begin as early as November 2012. Recent activity in the company’s government business lines makes the reductions necessary.
  • Two-Thirds Of Jobs Go To Immigrants During Obama’s Four Years [Executive Dream Act?]

    11/02/2012 10:53:06 AM PDT · by Steelfish · 7 replies
    The Washington Times ^ | October 31, 2012 | Stephen Dinan
    Two-Thirds Of Jobs Go To Immigrants During Obama’s Four Years Researchers say legals and illegals are more mobile than natives in America By Stephen Dinan-The Washington Times October 31, 2012 Two-thirds of those who have found employment under President Obama are immigrants, both legal and illegal, according to an analysis that suggests immigration has soaked up a large portion of what little job growth there has been over the past three years. The Center for Immigration Studies is releasing the study Thursday morning, a day ahead of the final Labor Department unemployment report of the campaign season, which is expected...
  • Obama’s gloves come off ahead of jobs report

    11/02/2012 7:50:13 AM PDT · by BlatherNaut · 17 replies
    BostonHerald.com ^ | November 2, 2012 | Hillary Chabot
    President Obama cast aside his hurricane-inspired role as comforter in chief and tore into rival Mitt Romney — going on offense ahead of today’s jobs report and just hours after urging Americans to unite in the wake of superstorm Sandy.
  • Forward? Number of Unemployed Increases By 170k Offsetting 171k Increase in Non Farm Payrolls

    11/02/2012 7:00:54 AM PDT · by whitedog57 · 2 replies
    Confounded interest ^ | 11/02/2012 | Anthony B. Sanders
    According to the Bureau of Labor Statistics, the unemployment rate rose from 7.8% to 7.9% for October. The number of unemployed in the US rose from 12,088,000 in September to 12,258,000 in October. An increase of 170,000. That almost perfectly offsets the increase in non farm payrolls (+171,000). And the duration of unemployment 27 weeks and over rose to 40.6%. The employment to population ratio rose in October to 58.8, but still remains at a level near the beginning of the “Reagan Recovery.” The unemployment rate among blacks/African Americans rose to 14.30%. There will be no joy in the Black/African...
  • 171,000 jobs created in Oct., unemployment ticks up to 7.9 percent

    11/02/2012 6:12:35 AM PDT · by lowbridge · 7 replies
    ap/ny post ^ | november 2, 2012
    <p>US employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought. The unemployment rate inched up to 7.9 percent from 7.8 percent in September because the work force grew.</p> <p>The Labor Department's last look at hiring before Tuesday's election sketched a picture of a job market that is gradually gaining momentum after nearly stalling in the spring.</p>
  • Putting Today's Job Number In "Seasonally Adjusted" Context (Read before you read the Gov't release)

    11/02/2012 6:05:47 AM PDT · by Zakeet · 2 replies
    Zero Hedge ^ | November 2, 2012
    Today's jobs number is expected to come at 125,000, with a high estimate of 154,000 from John Hancock financial, and a low of 30,000 from Westpac Banking, and with a whisper expectation at 150,000 courtesy of yesterday's "stronger than expected" ADP re-revised print. A beat or miss at over 1 standard deviation will promptly wake the HFT algos from their deep slumber. Wait did we say miss? Hah. Anyway, just to put today's seasonally adjusted expected monthly job growth in context, below is a chart showing the average seasonal adjustment for each month of the year in the past decade....
  • We're About To Get One Of The Most Important Jobs Reports In History (Before The Election)

    11/02/2012 4:41:44 AM PDT · by blam · 21 replies
    TBI ^ | 11-2-2012 | Matthew Boesler
    We're About To Get One Of The Most Important Jobs Reports In History — Here's What You Need To Know Matthew BoeslerNov. 2, 2012, 4:10 AMToday's nonfarm payrolls data – out at 8:30 AM ET in the U.S. – is the final jobs report before the presidential election on November 6. Consensus estimates are for 125k new jobs, and the unemployment rate is expected to rise to 7.9 percent from 7.8 percent a month ago. The election is already a huge source of uncertainty for fragile markets at the moment, and a bad jobs number could really set the tone...
  • Two-thirds of jobs go to immigrants during Obama’s four years

    11/01/2012 1:32:14 PM PDT · by Jim Robinson · 16 replies
    Washington Times ^ | Oct 31, 2012 | By Stephen Dinan
    "Researchers say legals and illegals are more mobile than natives in America" Two-thirds of those who have found employment under President Obama are immigrants, both legal and illegal, according to an analysis that suggests immigration has soaked up a large portion of what little job growth there has been over the past three years. The Center for Immigration Studies is releasing the study Thursday morning, a day ahead of the final Labor Department unemployment report of the campaign season, which is expected to show a sluggish job market more than three years into the economic recovery. That slow market, combined...
  • Obama's Layoff BOMB

    11/01/2012 12:59:06 PM PDT · by magdalen · 6 replies
    National Review Online ^ | Novmber 1, 2012 | Magdalen
    Obama’s Layoff Bomb: His policies are killing jobs. By Michelle Malkin In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights? The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected. USA Today financial reporter Matt Krantz wrote that “much of the recent layoff activity is connected to...
  • Tomorrow Morning's Jobs Numbers Could Be a Last Minute October Surprise!

    11/01/2012 12:18:39 PM PDT · by xzins · 28 replies
    1 Nov 12 | Xzins
    When Gallup released it's mid-month jobs survey numbers, they had dropped to 7.3%. They generally are a few points under the monthly report due out tomorrow, so that would mean a 7.5% UE3. However, we know Obama and his minions will do all in their power to tie into their "don't change now that things are looking up" campaign theme the last few weeks. It is very possible that the media is all keyed to go into feeding frenzy for the entire weekend with the "progress is being made; don't change now" message. Moreover, it's very likely that Obama will...
  • Fact Checking Romney and GM on Job Creation Claims

    11/01/2012 11:09:00 AM PDT · by jazusamo · 2 replies
    National Legal & Policy Center ^ | November 1, 2012 | Mark Modica
    General Motors is criticizing Mitt Romney for running an ad that says GM cut 15,000 jobs under the Obama Administration. The Detroit Free Press reported that GM spokesman Greg Martin (speaking about the Romney ad) stated, "No amount of campaign politics at its cynical worst will diminish our record of creating jobs in the U.S. and repatriating profits back to this country." Leaving aside for a moment the bigger issue of a taxpayer-supported entity improperly inserting itself in an election, lets examine the facts. A look at GM's annual SEC filings gives a clear picture of how many people were...
  • Two-thirds of jobs go to immigrants

    11/01/2012 3:44:07 AM PDT · by markomalley · 12 replies
    The Washington Times ^ | 11/1/12 | Stephen Dinan
    Two-thirds of those who have found employment under President Obama are immigrants, both legal and illegal, according to an analysis that suggests immigration has soaked up a large portion of what little job growth there has been over the past three years. The Center for Immigration Studies is releasing the study Thursday morning, a day ahead of the final Labor Department unemployment report of the campaign season, which is expected to show a sluggish job market more than three years into the economic recovery. That slow market, combined with the immigration numbers, could explain why Mr. Obama and Republican nominee...
  • Tomorrow’s Tape: ADP Employment Report to Set Tone for Jobs Friday.

    10/31/2012 4:01:14 PM PDT · by ReaganÜberAlles · 2 replies
    Wall Street Journal Blog ^ | 10/31/2012 | Steven Russolillo
    October ADP jobs survey (8:15 a.m. Eastern Time) – Remember this is the first month that ADP is reporting its monthly data under its revised methodology. Under the old method, the September gain was 162,000, although figure was recently revised lower to 88,000. This report comes ahead of the government’s monthly jobs report on Friday
  • Has Obama Created More Jobs Than Bush Yet?

    10/31/2012 3:38:02 PM PDT · by NaturalBornConservative · 2 replies
    Natural Born Conservative ^ | October 31, 2012 | Larry Walker Jr
    :: Card Stacking :: MythBuster III: Rational or Ridiculous?- By: Larry Walker, Jr. -Card stacking, or selective omission, is one of the seven propaganda techniques identified by the Institute for Propaganda Analysis. It involves only presenting information that is positive to an idea or proposal and omitting information contrary to it. Card stacking is used in almost all forms of propaganda, and is extremely effective in convincing the public. Although the majority of information presented by the card stacking approach is true, it is dangerous because it omits important information. The best way to deal with card stacking is...
  • ADP Revises Methodology and Finds 365,000 FEWER Jobs Were Created Than Thought in 2012

    10/31/2012 1:24:52 PM PDT · by whitedog57 · 9 replies
    Confounded Interest ^ | 10/31/2012 | Anthony B. Sanders
    There were two purchasing manager reports today: Chicago and Milwaukee. The Chicago Purchasing Manager index was less than expected at 49.9 for October, although up a wee bit from September’s reading of 49.7. Here are the gory details to go along with the 49.9 reading. Employment at a 33 month low and inventories slipped into contraction. The downward trend in the Chicago PMI index is matched by the downward trend in the Chicago employment index. The Milwaukee PMI index fell in October to 43.30 and continues to be below 50 since the end of July 2012. Both the Chicago and...
  • ADP Changes Methodology of Job-Counting; One Analyst Thinks The Change Suggests That Friday's.

    10/31/2012 12:49:01 PM PDT · by Perdogg · 12 replies
    Assuming the BLS even releases data on Friday, which they're still hedging about. ADP is a big payroll-service firm which releases its own assessment of job growth (or job losses), based partly on its own data. Their new methodology occasioned a revision to their already-reported September figures. ADP's new calculations put the monthly job creation [in September] at just 88,200, down from the 162,000 the firm originally reported earlier this month. ... The soft ADP count could add credence to those who believe the pace of job creation is slower than the government's numbers indicate. "It's huge, no doubt about...
  • Economists: Romney's 12 Million Jobs Target Realistic, Even If He Loses (Framing His Presidency)

    10/31/2012 8:38:43 AM PDT · by Frapster · 3 replies
    NPR ^ | October 26, 2012 3:00 PM | Tamara Keith
    As the election draws closer, the economy and jobs remain top issues in the presidential race. President Obama points to the improvement in the labor market since he took office in the midst of a downward spiral. Both he and Republican presidential nominee Mitt Romney have five-point plans for improving the economy, although their strategies differ.
  • Obama’s Layoff Bomb

    10/30/2012 11:47:36 PM PDT · by Cincinatus' Wife · 9 replies
    National Review Online ^ | October 31, 2012 | Michelle Malkin
    In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights?The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected. USA Today financial reporter Matt Krantz wrote that “much of the recent layoff activity is connected to what’s been the slowest period of earnings growth since the third quarter...
  • Mr. Smith Goes to Washington? - The Pennsylvania Senate race is too close to call

    10/30/2012 11:38:18 PM PDT · by Cincinatus' Wife · 11 replies
    Weekly Standard ^ | November 5, 2012 issue | MICHAEL WARREN
    Plumcreek Township, Pa. Last year, Tom Smith looked at the U.S. Senate race in Pennsylvania with dismay. The incumbent, first-term Democrat Bob Casey Jr., seemed vulnerable. The son of a well-liked, pro-life former Democratic governor, Casey had served in the Senate for six undistinguished and forgettable years. His vote for Obama-care, with its mandates and subsidies for abortion, was a blemish on his supposedly pro-life record. With a good message and enough money, a solid Republican candidate might knock off Casey by courting Reagan Democrats across the state. It had been done two years before, when conservative Republican Pat Toomey...
  • Romney super PAC forces Team Obama to buy airtime defending Pennsylvania

    10/29/2012 12:09:18 PM PDT · by Cincinatus' Wife · 6 replies
    The Washington Examiner ^ | October 29, 2012 | Joel Gehrke
    Mitt Romney’s super PAC is running ads in Pennsylvania, a traditional Democratic stronghold, which has forced the Obama campaign to spend money defending that state even as it denies that the race there could be close. “This morning, Restore Our Future decided to go up in Pennsylvania, [so] we’re going to go up as well,” Obama campaign manager Jim Messina said. “They are not close in Pennsylvania — we are going to win Pennsylvania — but we’re not taking anything for granted.” The spin accompanying that revelation was part-and-parcel with the rest of the conference call, which Messina hosted along...
  • Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing

    10/28/2012 6:15:05 AM PDT · by SeekAndFind · 7 replies
    TEC ^ | 10/27/2012 | Michael Snyder
    If you still have a good job, you might want to hold on to it very tightly because there are a whole bunch of signs that unemployment in the United States is about to start getting worse again. Over the past several weeks, a substantial number of large corporations have announced disappointing earnings for the third quarter. Many of those large corporations are also loaded up with huge amounts of debt. So what is the solution? Well, the favorite solution on Wall Street these days seems to be to lay off workers. In fact, it is almost turning into...
  • 950 GMAC Jobs in peril in Waterloo

    10/25/2012 5:34:34 PM PDT · by campg · 2 replies
    Waterloo-Cedar Falls Courier ^ | 10/25/2012 | Jim Offner
    WATERLOO, Iowa --- Nearly 1,000 Waterloo jobs may be on the line in the wake of a decision by bankrupt mortgage company Residential Capital LLC, the parent company of GMAC Mortgage, to sell assets to two firms for $3 billion. On Wednesday the board of directors of New York-based ResCap granted preliminary approval to a $3 billion bid from the team of Ocwen Loan Servicing LLC and Walter Investment Management Corp. for the company’s mortgage servicing and origination business. ResCap and 50 of its subsidiaries filed for Chapter 11 bankruptcy protection in May. The bankruptcy court will consider the proposed...
  • Obama’s Plan for Jobs Leaves Out Housing, Obamacare Taxes and Other Disturbing Facts

    10/25/2012 4:59:13 PM PDT · by whitedog57 · 4 replies
    Confounded Interest ^ | 10/25/2012 | Anthony B. Sanders
    President Obama has released a pre-election beautiful color brochure entitled “A Plan for Jobs & Middle-Class Security.” Here is the “plan”: jobs.plan.booklet Nearly 500,000 new manufacturing jobs since January 2010. While 500,000 manufacturing jobs were created since January 2010, approximately 5.4 million people went on food stamps 2.8 million went on disability since June 2010. Not to mention the millions who are discouraged and dropped out of the labor force. And unemployment has not decreased as Christina Romer predicted. i wouldn’t brag about 500,000 new manufacturing jobs while millions have gone on disability and food stamps. A Tax Plan That...
  • Obama: "I Couldn't Find My Plan" (I'm Mitt Romney & I Approve Of This Message)

    10/25/2012 8:01:46 AM PDT · by nhwingut · 17 replies
    GOP Rapid Response/YouTube ^ | 10/25/2012 | GOP
    Pres. Obama campaigning in Tampa Bay can't find his plan for a second term (October 25, 2012).
  • DATA SNAP: U.S. Jobless Claims Fall 23K to 369K

    10/25/2012 7:08:41 AM PDT · by SeekAndFind · 14 replies
    NASDAQ ^ | 10/25/2012 | Jeffrey Sparshott and Eric Morath
    <p>WASHINGTON--The number of U.S. workers filing applications for jobless benefits fell last week, suggesting that the labor market continues to slowly improve.</p> <p>Initial jobless claims--a measure of layoffs--dropped by 23,000 to a seasonally adjusted 369,000 in the week ended Oct. 20, the Labor Department said Thursday. Economists surveyed by Dow Jones Newswires had forecast 365,000 new applications for jobless benefits.</p>
  • Obama says recovery is better than it appears -- data say otherwise

    10/25/2012 5:46:35 AM PDT · by IBD editorial writer · 10 replies
    Investor's Business Daily ^ | 10/25/2012 | John Merline
    n a previously off-the-record interview with the Des Moines Register, President Obama argued that the economic recovery he's overseen isn't as bad as his Republican opponent, Mitt Romney, claims. "In many ways, because of the actions we took early on, we're actually ahead of pace in the typical recovery out of a recession like this," Obama said. It's a point Obama and his supporters have made on occasion throughout the campaign.[snip] But the data are clear that Obama's economic recovery — which started in June 2009, five months after he was sworn in — has been worse than any recovery...
  • Attention recent graduates: You may now leave your parents’ basement

    10/24/2012 6:44:31 AM PDT · by SeekAndFind · 8 replies
    Quartz ^ | 10/24/2012 | Matt Philips
    Things are looking up for the lost generation. That unfortunate cohort of students ran smack into the Great Recession upon graduation. As a result, they’ve been forced to bed down with their parents for far too long. Such doubling-up drove the number of new US households to remarkably low levels. From 1997 to 2007, the country created about 1.5 million new households a year. (A household, just so we’re clear, can mean a married or unmarried couple, a family with kids, a few roommates, or two dozen people in a hippie commune, as long as they all share living quarters;...