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POPSThe U.S. Needs to Open Up to the World It's better for everybody to have a stake in society than to have a resentful underclass bent on wrecking things. To many Americans, this sounds like socialism, big government, the nanny state. But so what? The result is: Europe has less gun crime and homicide, less poverty and arguably a higher quality of life than the U.S., which makes a lot of us wonder why America doesn't want some of what we've got. America as a gated community won't work, because not even the world's sole superpower can build walls high enough to shield itself from the intertwined realities of the 21st century. There's a better form of security: reconnect with the rest of the world, don't shut it out; stop making enemies and start making friends. Perhaps it's asking a lot to expect America to act differently from all the other empires in history, but wasn't that the original idea?
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POPSat Happy People Don’t Do “We looked at 8 to 10 activities that happy people engage in, and for each one, the people who did the activities more — visiting others, going to church, all those things — were more happy,” Dr. Robinson said. “TV was the one activity that showed a negative relationship. Unhappy people did it more, and happy people did it less.” But the researchers could not tell whether unhappy people watch more television or whether being glued to the set is what makes people unhappy. “I don’t know that turning off the TV will make you more happy,” Dr. Robinson said. Still, he said, the data show that people who spend the most time watching television are least happy in the long run. Since the major predictor of how much time is spent watching television is whether someone works or not, Dr. Robinson added, it’s possible that rising unemployment will lead to more TV time.
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POPSHalf of working age adults in this Illinois town unemployed What this politically correct piece doesn't say is the town is probably mostly black. So what does this tell you? Obama sprung from Illinois politics. Beyond any doubt, this town likely voted for Obama. How do you like that "hope and change" Pembroke citizens?? Welcome to Obama's Amerika.
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POPSFighting For The Welfare State This makes me really proud to be Danish. Anyway, why ARE we so happy? Well... we all know how we are all are in the grip of the worldwide economic crisis at the moment, right? Well, despite this, a huge number of Danes are now calling for the government to please let us pay more taxes! "Please raise taxes, so we can afford more!". :p .Now... I know this might seem odd and counter-intuitive to some, but please lend me your ear and I'll try to explain.... :) In a society like for example the US, where Wall Street reigns supreme and the gap between rich and poor just grows every day, how can it be expected that there is anything in it all, for the little guy? Capitalism is all good and fine, but money shouldn't be the goal, but merely the means. It's not about how much you have, but how much you give.
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POPSReport: 237 Millionaires in Congress Senate Minority Leader Mitch McConnell (R-Ky.) gained about $9.2 million. Sen. James Inhofe (R-Okla.) gained about $3 million, Sen. Daniel Inouye (D-Hawaii) had an estimated $2.6 million gain, and Richard Shelby (R-Ala.) gained about $2.8 million.
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POPSReport: 237 millionaires in Congress
Senators’ estimated median reportable worth sunk to about $1.79 million from $2.27 million in 2007. The House’s median income was significantly lower and also sank, bottoming out at $622,254 from $724,258 in 2007. But CRP’s analysis suggests that some lawmakers did well for themselves between 2007 and 2008, even as many Americans lost jobs and saw their savings and their home values plummet. Senate Minority Leader Mitch McConnell (R-Ky.) gained about $9.2 million. Sen. James Inhofe (R-Okla.) gained about $3 million, Sen. Daniel Inouye (D-Hawaii) had an estimated $2.6 million gain, and Richard Shelby (R-Ala.) gained about $2.8 million. Some lawmakers have profited from investments in companies that have received federal bailouts; dozens of lawmakers are invested in Wells Fargo, Citigroup, Goldman Sachs and Bank of America. Vice President Joe Biden has often tagged himself as an original blue collar man. The CRP backs him up, putting his net worth at just $27,000.
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POPSUNEMPLOYMENT TOPS 10 %
The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses. Economists say it could climb as high as 10.5 percent next year because employers remain reluctant to hire. Friday's report is the first since the government said last week that the economy grew at a 3.5 percent annual rate in the July-September quarter, the strongest signal yet that the economy is rebounding. But that isn't fast enough to spur rapid hiring, raising the specter of a jobless recovery. "You need explosive growth to take the unemployment rate down," said Dan Greenhaus, chief economic strategist for New York-based investment firm Miller Tabak & Co. Greenhaus said the economy soared by nearly 8 percent in 1983 after a steep recession, lowering the jobless rate by 2.5 percentage points that
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POPSJobless Rate Jumps to 10.2% How much of that Stimulus money has gone overseas to *create* US jobs over there? I guess Ms. Pelosi will say we need to extend the unemployment benefits even more and her health care bill will be needed now more than ever. The American people can not win with this crowd. This Administration is Carter on steroids.
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POPSIs the Economy Recovering? The Curious Case of 1920 vs. 1929
The basic questions we need to ask here are: 1. Why do economies recover? 2. Are we recovering? Q. Why do economies recover? A. They recover because bad investments made during the bubble are liquidated, valuable capital is no longer being wasted on them, new capital is formed from savings, and profitable enterprises attract new capital to expand. Low real interest rates caused by increased savings encourage borrowing, manufacturers use the capital to make new machines, producers of consumer goods buy them, cash goes through the system, consumers see things are getting better, more consumer goods are produced, and consumers buy them. It has to happen this way or the recovery will fail. The difficult part of a recovery is ugly. Bankrupt firms need to fail so that valuable capital resources are not wasted on their continuing activities. This means that unemployment rises (10.2% now) and business bankruptcies are high. Trillions of dollars of asset values are wiped out.
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POPSJameco managers take paycuts so they don't have to layoff anyone. If we had more company's like this, the whole country would be in better shape. Obviously we'd still have problems but even if it cut the rise in unemployment by a small amount, it would make a big difference. Anyway, my hats off to these guys! I will definitely be buying my components from them in the future.
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POPSPork Report - 28 Oct 09 Junket watch: Speaking at a beachfront spa and resort, Federal Reserve Chairman says Americans need to save more and the country must “substantially reduce federal deficits”
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POPSThe Forgotten Depression of 1920 The experience of 1920–21 reinforces the contention of genuine free-market economists that government intervention is a hindrance to economic recovery. It is not in spite of the absence of fiscal and monetary stimulus that the economy recovered from the 1920–21 depression. It is because those things were avoided that recovery came. The next time we are solemnly warned to recall the lessons of history lest our economy deteriorate still further, we ought to refer to this episode – and observe how hastily our interrogators try to change the subject.
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POPSSafety nets for the rich More: Enough! Goldman Sachs is thriving while the combined rates of unemployment and underemployment are creeping toward a mind-boggling 20 percent. Two-thirds of all the income gains from the years 2002 to 2007 — two-thirds! — went to the top 1 percent of Americans. We cannot continue transferring the nation’s wealth to those at the apex of the economic pyramid — which is what we have been doing for the past three decades or so — while hoping that someday, maybe, the benefits of that transfer will trickle down in the form of steady employment and improved living standards for the many millions of families struggling to make it from day to day. That money is never going to trickle down. It’s a fairy tale. We’re crazy to continue believing it.
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POPSThe Scariest Jobs Chart Ever The chart from Calculated Risk, shows the percentage decline in jobs from peak employment in all the recessions since World War 2. We still haven't quite eclipsed the 1948 drop, but we likely will in another month or two. And that will leave only the Great Depression to make us feel better about ourselves. The good news in the chart, such as it is, is that employment can recover quickly once it finally turns. Anyone care to place a bet as to when that will be? Here's a bigger version from the chart on Calculated Risk. http://2.bp.blogspot.com/_pMscxxELHEg/Skyq54TUtPI/AAAAAAAAFuE/JywLBQ0kG_o/s1600-h/JoblossPercentJune2009.jpg Henry Blodget Jul. 3, 2009
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POPSEconomy fallout: Younger workers less secure, less engaged More: The key findings: * Employee engagement is down because of the economy; this decrease is most drastic in younger age groups. Additionally, those who do not feel secure in their job experienced a greater decline in engagement after the economic downturn. * Employees report decreased supervisor support. * Employees feel increasingly overloaded with work and feel they are assuming the workload of those who have either left the organization or are less productive because of decreased engagement. * Employees feel less included but also feel teams are less effective after the economic downturn; age played a factor in this analysis. * Perception of job quality decreased likely because of a "command and control" approach many organizations adopt (intentionally or not) during times of economic crisis.
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POPSExcuses Wearing Thin for Obama, Media Pals Yet just a few months ago, the Obama camp was singing a little different tune. It was under criticism for the $787 billion stimulus package it bulldozed through Congress on grounds that massive spending was needed to keep the unemployment rate from breaching 8 percent. When joblessness hit 9.5 percent in June, Vice President Joe Biden said, "We misread how bad the economy was." They inherited the worst economy since the Great Depression, or the economy turned out to be worse than they thought. Which is it? It can't be both -- unless your brain is completely addled by the Obama charisma. That's the backdrop to the story of Rush Limbaugh getting booted from a group bidding to buy the St. Louis Rams. He was smeared on CNN and MSNBC with false accusations of making two racist comments. He is an abrasive critic of Obama, so he must be racist.. . Recently an MSNBC personality accused the U.S. Chamber of Commerce of lobbying for policies that amount to being "treasonous . . .
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