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Weekend Edition The Easily Predictable January Crisis
11 hours ago ago from Almost 117 Days
Max Keiser has said the next economic crisis will occur soon after Goldman Sachs pays out its employee bonuses in January. Consider the following: 1) My regular readers know that I have found the dancing around the rise in the debt limit issue to be most revealing. It was first announced as 1.8 trillion dollar which was raised to 1.9 trillion but was changed to 290 billion which is barely enough to run the federal government to the end of ...
Related contentTHE UNEMPLOYMENT RATE IS?
23 hours ago ago from Casa Extrano
Well, here's the latest propaganda from the Bureau of Labor Statistics. Glance over it and then break out your calculator. I promise to keep it nice and easy as we go through this step by step. Do you remember May of 2008, when the D's were getting all het up about a 5.5% unemployment rate? Well, just in case you have forgotten, here's the BLS chart of unemployment since 1998. Now, last May the Demos were all het up about a 5.5% ...
Related contentNew Year Seriously Comical
11 hours ago ago from Seriously Comical
leave a comment Only in a few days, 2009 becomes 2010. For some people, it's a symbol of change, but for some other people it's just a number. In 365 days lots of thing can happen. 365 days in 2009 will define the incoming 365 in 2010. If 2009 was a bad luck, one must have a hope that 2010 will be a fortunate year. However, if 2009 went really well, one must have no expectation whatsoever in 2010. Even though some people still hoping ...
Related contentFarewell to the year of the mad pig
17 hours ago ago from casmirjomecblog
Casmir Igbokwe Published in SUNDAY PUNCH , Dec. 27, 2009 On Christmas Eve this year, a Swiss-Italian woman reportedly jumped a barricade and lunged at Pope Benedict XVI. The Pontiff was processing down the aisle towards the altar to celebrate Mass at St. Peter’s Basilica. But Susanna Maiolo, 25, with psychiatric problems, grabbed his vestments and pulled him down. The other day, it was the Italian Premier, Silvio Berlusconi, ...
Related contentClothes a parameter to identify terrorists: Goa police
1 hour, 34 minutes ago ago from Goa Blog
Be careful with what you are wearing the next time you are in Goa or else you run the risk of being mistaken for a terrorist. In a broad guidelines on identification of terrorists, Goa police, ahead of New Year celebrations , has said that a person wearing clothes unsuited for the season can be a suspicious character. A terrorist can be identified by clothes unsuited for the season of the year like wearing a coat or jacket in summer, says a ...
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Lie #4: Unemployment Will Bottom Around 10%
14 hours ago ago from BloggingStocks
Sure the unemployment rate fell from 10.2% in October to 10% in November, but the November data (and the December number when it is reported) are hopelessly skewed by seasonal adjustments. And another statistical adjustment, known as the birth/death adjustment, assumed 800,000 new jobs were created this year by the birth of companies compared to the number of jobs lost due to the death of companies. Really? If it were not so sad, it would ...
Related contentEven as economy mends, a jobless decade may loom
16 hours ago ago from U.S. News
Even as economy mends, a jobless decade may loom WASHINGTON (AP) -- Call it the Terrible Teens. The decade ahead could be a brutal one for America's unemployed - and for people with jobs hoping for pay raises. At best, it could take until the middle of the decade for the nation to generate enough jobs to drive down the unemployment rate to a normal 5 or 6 percent and keep it there. At worst, that won't happen until much later - perhaps ...
Related contentJoel Achenbach on the 2000s: The decade we didn't see coming
6 hours ago ago from Washington Post - Tech
The decade began so swimmingly. No Y2K bug, no terrorism, nothing but lots of fireworks as the planet turned and, time zone by time zone, all the zeroes replaced the nines. America was at peace. Prosperity reigned. The popular president soon announced a budget surplus of $230 billion. The dilemma for Washington lawmakers was what to do with all the extra money. People watched the values of their houses soar. The Dow had jumped 25 percent ...
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