body~politic

~~~~~~~~~> Does DEBT  become SERFDOM ?

Tweet me @ColonialSerf, and let me know, and I'll share the answers HERE!!!

Saturday, January 10, 2015

Bill O'Keefe on Twitter: "Line to buy food in Venezuela. http://t.co/1uKbJJMwmN"

Bill O'Keefe on Twitter: "Line to buy food in Venezuela. http://t.co/1uKbJJMwmN"

December jobs report: Are workers partying like its 1999? Nope

December jobs report: Are workers partying like its 1999? Nope



And from MKM’s Mike Darda:
Non-farm payroll growth has accelerated to its fastest year-to-year growth rate since the recovery began. At the same time, both the U3 unemployment rate and the U6 underemployment rate fell to new cycle lows in December. Importantly, aggregate hours worked are rising briskly enough to lift income growth at a 5% annual rate despite weak hourly wage growth. Two essentially unnoticed but positive recent phenomena related to the improving labor market are 1) a peak in food stamp usage and 2) the first rise in real median incomes since 2007. Still, wage growth remains anemic likely due to the still depressed (but rising) prime age employment ratio and the still high (but falling) level of part-time workers that desire full-time jobs. Thus, it will likely take a materially lower U6 rate before we start to see the 3-4% nominal hourly wage gains consistent with 2% inflation given the current underlying rate of productivity growth.

December jobs report: Are workers partying like its 1999? Nope

December jobs report: Are workers partying like its 1999? Nope



Update: This from IHS Global Insight:



The household survey reported a drop in the jobless rate to 5.6% from 5.8% but it achieved that in semi-ugly fashion with a modest 111,000 increase in jobholders but a 273,000 drop in the labor force; truly ugly would have been declines in both jobs and the labor force. Female job-seekers over age 20 sank by a whopping 488,000, but recent months have seen large gains and a portion of the drop may have just been seasonal gains happening earlier than normal. While monthly swings in labor force participation often do not bear close analysis, the drop in overall labor force participation to 62.7% from 62.9% in November to tie the September rate for a modern low does not augur well for several years in the future when the jobless tally is lower.
The job results for 2014 were good, the best since 1999 when 3.177 million jobs were created. Can 2015 beat that or even measure up? The odds are that the answer is no. The economy is bucking headwinds from a strong dollar which will both suck in more imports and hamper selling in foreign nations which often are not growing very well to start off with. Consumption will get a kick from people having more disposable income left after they leave the gas station and will save a little on imported goods dragging down retail price gains, but other than the plusses helping the first half of the year, the stimulus from bargain oil wears down when the negative dimensions of reduced drilling are added to the negative column.

December jobs report: Are workers partying like its 1999? Nope

December jobs report: Are workers partying like its 1999? Nope



“December Employment Gain Caps Best Year for U.S. Since 1999″ is how Bloomberg sums up the new jobs data out today. And in one way — an important way, no doubt — that analysis is correct. An additional 2.95 million Americans found work in 2014 — including 252,000 last month — the most since 3.18 million jobs were created during that boom time 15 years ago.
But a comparison between back then and now shows a striking difference between the modest economic acceleration of 2014 and go-g0 late 1990s. First, the jobless rate was a lot lower in December 1999, 4.0% vs. 5.6% last month.
Second, a much bigger share of the adult population had jobs, 64.4% vs. 59.2% today. (And if you adjust for the bigger adult population today, the US economy would need to create nearly 4 million jobs to match 1999’s total.)
Third, wage growth was far most robust in 1999, increasing by nearly 4% vs. 1.7% the past 12 months. Indeed, as Bloomberg notes, “Average hourly earnings for all employees dropped by 0.2 percent, the biggest since comparable records began in 2006, to $24.57 from the prior month.” That result led JPMorgan economist Michael Feroli to note, “The oddity in the report is the move down in average hourly earnings.” Some economists prefer a different BLS wage measure, average hourly earnings for production and nonsupervisory workers. But that was also weak, the bank Barclays points out, down 0.3% month over month and up just 1.6% year over year.
This is not say the macro environment is the same today as in 1999, especially due to globalization and automation. To repeat: Job growth has accelerated markedly this year — to 2.1% vs. 1.7% 2011-2013 –which is really great. And they are full-time jobs, also great. But this is still a labor market that shows plenty of slack and plenty of room for improvement — most notably when it comes to wages. Also, the labor force participation rate fell last month and is below where it was a year ago. Capital Economics notes that the two-tenths drop in the jobless rate “had more to do with a 273,000 decline in the labour force rather than the 111,000 increase in the alternative household measure of employment.” And the long-term unemployment remains far above prerecession levels. This economy needs more people working decent paying jobs.
Some analysts think the next 12 months will show a big step-up in GDP and earnings growth, thanks in no small part to the 50% drop in oil prices. Citi just raised its projection for GDP growth by ½ percentage point to a robust 3.6% for 2015. We’ll see. As BTIG strategist Dan Green puts it, “The simple fact is we cannot consider an employment report a success, no matter how healthy the headline may be, if wage data does not begin to accelerate.”


Top 10 States With the Highest Taxes

Top 10 States With the Highest Taxes



Benjamin Franklin once wrote, “In this world nothing can be said to be certain, except death and taxes.” If you’re like most Americans, paying Uncle Sam is your largest financial burden. In fact, the nation as a whole doesn’t earn enough money to pay its total tax bill for the year until mid-April. Making matters worse for some individuals, taxes can vary significantly between states.

Read more: http://wallstcheatsheet.com/personal-finance/top-10-states-with-the-highest-taxes.html/?a=viewall#ixzz3OS0Zc4Gg





Friday, January 9, 2015

California's soaring healthcare costs bode ill for the budget - LA Times

California's soaring healthcare costs bode ill for the budget - LA Times



Enrollment in the state's healthcare program for the poor, known as Medi-Cal, has exploded by 50% since President Obama's signature law took effect. Although the federal government picks up most of the tab, state costs have also been growing, and faster than expected.




Terrence McCoy on Twitter: "Amnesty: Nigeria massacre deadliest in history of Boko Haram. Too many bodies to count. My god. http://t.co/tj4M4xj3Bs"

Terrence McCoy on Twitter: "Amnesty: Nigeria massacre deadliest in history of Boko Haram. Too many bodies to count. My god. http://t.co/tj4M4xj3Bs"

Prof. Carol M. Swain on Twitter: "I apologize for having spent most of my life as a Democrat."

Prof. Carol M. Swain on Twitter: "I apologize for having spent most of my life as a Democrat."


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The Lost City - Neverwinter Wiki Guide - IGN

The Lost City - Neverwinter Wiki Guide - IGN



Word is around the street that an elven wizard is looking for mercenaries to help her in a search for ancient artifacts. Those willing to risk their lives for a few bits of history are to gether in Dead Kettle Inn, long way north of Neverwinter.


nyccookie on Twitter: "Last One! http://t.co/gsvrZavwuo"

nyccookie on Twitter: "Last One! http://t.co/gsvrZavwuo"

Thursday, January 8, 2015

Charlie Hebdo Tragedy Creates Momentum for German Right Wing | TIME

Charlie Hebdo Tragedy Creates Momentum for German Right Wing | TIME



On Wednesday afternoon, just a few hours after themassacre at the French satirical magazine Charlie Hebdo, the newest right-wing movement in neighboring Germany took the chance to declare itself prophetic. Since it was founded in October, the group known as Pegida – or Patriotic Europeans Against the Islamization of the West – had been rallying every Monday in the city of Dresden to warn against the threat it saw from an influx of Muslim immigrants. Now, with Islamic extremists suspected of attacking the Paris newsroom of Charlie Hebdo, the Pegida movement felt its cause was validated.

Wednesday, January 7, 2015

SimonNRicketts on Twitter: "A striking AP picture from Paris tonight. #CharlieHebdo http://t.co/ef8eJjhbc9"

SimonNRicketts on Twitter: "A striking AP picture from Paris tonight. #CharlieHebdo http://t.co/ef8eJjhbc9"

Conflict News on Twitter: ""NO! You cannot kill our freedom” Front page of German #BerlinerKurier #CharlieHebdo via @Breaking3zeroUS http://t.co/cy3VGQtesM"

Conflict News on Twitter: ""NO! You cannot kill our freedom” Front page of German #BerlinerKurier #CharlieHebdo via @Breaking3zeroUS http://t.co/cy3VGQtesM"

Philly.com on Twitter: "Cartoonists across the globe react to #CharlieHebdo massacre http://t.co/HTtNjAvuF4 http://t.co/VHFSeW206A"

Philly.com on Twitter: "Cartoonists across the globe react to #CharlieHebdo massacre http://t.co/HTtNjAvuF4 http://t.co/VHFSeW206A"

BBC Mundo on Twitter: "Charb, el desafiante editor de Charlie Hebdo que murió en ataque a la revista #JeSuisCharlie http://t.co/8enQ0lBb6c http://t.co/eh2qvc41og"

BBC Mundo on Twitter: "Charb, el desafiante editor de Charlie Hebdo que murió en ataque a la revista #JeSuisCharlie http://t.co/8enQ0lBb6c http://t.co/eh2qvc41og"

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