Posted on 03/08/2014 10:54:51 AM PST by SeekAndFind
If only we had planted more magic unicorn bulbs.
I had no idea there was an app for that (pizza). It is a clever business innovation (but gives another reason to be sad about younger generations - their taste in pizza sucks).
My pizza place makes great pizza. They have a second (now only) store and I hope it survives. I will support it. I don’t care for the chains, and will rely more on my own pizza oven if it comes to that!
Agree with you; In general, provided they make good pizza (or whatever) I would much rather give my business to a small individually-owned joint than a Dominoes or RT or PH....except I really don’t eat pizza any more. I really like it of course, but I might just as well cut the pizza into rectangular strips and paste them directly onto my waist for the weight gain.
“How many small businesses are barely hanging on...”
I know - that is a problem for obama. But I’m sure once they feel the full brunt of obamacare, the “clinger-ons” will go away.
Pizza Hut has closed a few locations around here in the last couple of years, and I attribute it mainly to the fact that their pizza can't compete with the local pizza joint for taste and value. Maybe it's different in other parts of the country, but around here the local pizza joints are the kings of the industry.
I have strong doubts about the veracity of any figures put out by emperor 0bama’s regime. I may be a pessimist, but I think the REAL numbers are much, much worse.
The critical point that mainstream media always forgets is that more people are entering the labor force than the number of jobs being created. In reality this means that we are 25,000 thousand jobs deeper in the hole, not 175,000 jobs towards getting out of the hole.
I’ve heard it for years listening to hundreds and hundreds of company earnings calls.
Here’s the comment from BLS on weather:
How can unusually severe weather affect employment and hours estimates?
In the establishment survey, the reference period is the pay period that includes the 12th of the month. Unusually severe weather is more likely to have an impact on average weekly hours than on employment. Average weekly hours are estimated for paid time during the pay period, including pay for holidays, sick leave, or other time off. The impact of severe weather on hours estimates typically, but not always, results in a reduction in average weekly hours. For example, some employees may be off work for part of the pay period and not receive pay for the time missed, while some workers, such as those dealing with cleanup or repair, may work extra hours.
In order for severe weather conditions to reduce the estimate of payroll employment, employees have to be off work without pay for the entire pay period. Slightly more than 20 percent of all employees in the payroll survey sample have a weekly pay period. Employees who receive pay for any part of the pay period, even 1 hour, are counted in the payroll employment figures. It is not possible to quantify the effect of extreme weather on estimates of over-the-month change in employment.
In the household survey, the reference period is generally the calendar week that includes the 12th of the month. Persons who miss the entire week’s work for weather-related events are counted as employed whether or not they are paid for the time off. The household survey collects data on the number of persons who had a job but were not at work due to bad weather. It also provides a measure of the number of persons who usually work full time but had reduced hours due to bad weather. Current and historical data are available on the household survey’s most requested statistics page at http://data.bls.gov/cgi-bin/surveymost?ln.
We went out today here in Houston and every store’s parking lot is full. We had to drive around to find a parking space at Macy’s. And Macy’s ain’t cheap. (We were there to exchange a purse that my wife bought on line.)
If Houston can be used as a gauge, the economy is booming.
In the old Soviet Union, it was SOP to blame agricultural and Five Year Plan shortfalls on the weather.
Now that we have Marxists running our government, they will naturally blame our shortfalls on the weather. It is so much easier to blame that than the real reason (them).
Well we will see in the revision for sure. I posted the comment from BLS on weather in another lost in this thread.
I’m sorry but I don’t subscribe to the “Obama is cooking the books”. There are just too many really freaking smart economists, analysts, investors etc that they couldn’t pull it off. Couple it with all the other data (corporate profits, PMI, IP, housing, etc) that has showed a consistent, albeit slow, recovery and the jobs numbers fit. People may not want to hear it but it’s undeniable.
They (the media) were blaming the December economic figures on the weather even though the bad weather didn’t hit until the very end of the month.
Would agree with slow, not sure how consistent it’s been. And as you have pointed out often, it would be a lot better if government got out of the way.
Texas in general is doing better than most of the rest of the country. I wouldn’t extrapolate what you saw to the rest of the country.
Is it possible the job existed and somebody finally filled it ? Not new,not added,not created...just "hired".
Year over year February hires are down about 25%. Median income is down 5%. The average hours worked declined again in February. Record numbers on food stamps and SSID. Record low numbers of Americans working. Yes corporate profits and the markets are up but at whose expense? Americas savers. The Fed props up the market and corporate profits with near zero interest rates and screws Americas savers with their near zero interest rates. You see this all as a slow but steady rise toward prosperity. I see it as a freaking disaster happening in slow motion. How could we see it so differently?
“They love to claim “recovery” at every turn. I don’t see it on the ground level.”
Very few people do; they just keep repeating the lie until it becomes the truth (it got their commissar re-elected).
“The stock market goes up and they are happy - the price of milk goes up and we are sad.”
The best way for a company to drive up its stock price is to announce layoffs of American workers - without fail. As for the increases in prices that we see with food staples, gasoline, etc., we’re still supposed to believe there is no inflation. I for one don’t know how many of the grocery name brands stay in business, as Americans are forced to buy no-frills groceries just to keep their families fed.
“This year is the first time in my life I have ever heard the news media proclaiming the weather as a serious factor driving economic statistics.”
You’re right; it is simply this year’s excuse in an attempt to save the Dems in the mid-terms (and to further cloud for Americans just how bleak the future is for so many of them). When I first saw this, I couldn’t help but think of the people I know who have been in denial for years about how bad things are. Bar/restaurant owners always offered similar weak excuses when their clientele fell, even when anyone present could recall when such places were packed year-round; they’d blame the weather, the season, anything else but the fact that discretionary spending is gone for many potential customers. Friends I know involved in fundraising had the same rose-colored glasses on when contributions consistently fell; they had every excuse (often inconsequential issues hardly related to their work) except acknowledging that those days of free-spending Americans were gone...
I guess people see what they want to see...
- Number of workers is near (1-2 months away) all time highs.
- GDP is at an all time high
- household net worth is at an all time high
Could iit be better? Absolutely and I’ve said so hundreds of times in these economic threads. Are there.problems? Absolutely and you’ve outlined some of them. I used the word “sub-optimal” in another thread on Friday to describe this recovery. Probably not strong enough. But there is a recovery. That is just undeniable.
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