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Saturday, July 4, 2015

JOB MARKET'S NEW NORMAL: SMALLER WORKFORCE, SLUGGISH PAY

JOB MARKET'S NEW NORMAL: SMALLER WORKFORCE, SLUGGISH PAY



JOB MARKET'S NEW NORMAL: SMALLER WORKFORCE, SLUGGISH PAY










Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be.



Pay is sluggish. Many part-timers can't find full-time work. And a diminished share of Americans either have a job or are looking for one.



Yet in the face of global and demographic shifts, this may be what a nearly healthy U.S. job market now looks like.



An aging population is sending an outsize proportion of Americans into retirement. Many younger adults, bruised by the Great Recession, are postponing work to remain in school to try to become more marketable. Global competition and the increasing automation of many jobs are holding down pay.



Many economists think these trends will persist for years despite steady job growth. It helps explain why the Federal Reserve is widely expected to start raising interest rates from record lows later this year even though many job measures remain far below their pre-recession peaks.



"The Fed may recognize that this is a new labor-market normal, and it will begin to normalize monetary policy," said Patrick O'Keefe, an economist at accounting and consulting firm CohnReznick.



Thursday's monthly jobs report from the government showed that employers added a solid 223,000 jobs in June and that the unemployment rate fell to 5.3 percent from 5.5 percent in May. Even so, the generally improving job market still bears traits that have long been regarded as weaknesses. Among them:

- A shrunken labor force.

The unemployment rate didn't fall in June because more people were hired. The rate fell solely because the number of people who had become dispirited and stopped looking for work far exceeded the number who found jobs.



The percentage of Americans in the workforce - defined as those who either have a job or are actively seeking one - dropped to 62.6 percent, a 38-year low, from 62.9 percent. (The figure was 66 percent when the recession began in 2007.) Fewer job holders typically mean weaker growth for the economy. The growth of the labor force slowed to just 0.3 percent in 2014, compared with 1.1 percent in 2007.



"It is highly unlikely that we are going to see our (workforce) participation rate move anywhere near where it was in 2007," O'Keefe says.



This marks a striking reversal. The share of Americans in the workforce had been steadily climbing through early 2000, and a big reason was that more women began working. But that influx plateaued in the late 1990s and has drifted downward since.

- The retirement of the vast baby boom generation.

The aging population is restraining the growth of the workforce. The pace of retirements accelerated in 2008, when the oldest boomers turned 62, when workers can start claiming some Social Security benefits. Economists estimate that retirements account for about half the decline in the share of Americans in the workforce since 2000.



From that perspective, the nation as a whole is beginning to resemble retirement havens such as Florida. Just 59.3 percent of Floridians are in the workforce.

- Younger workers are starting their careers later.

Employers are demanding college degrees and even postgraduate degrees for a higher proportion of jobs. Mindful of this trend, teens and young people in their 20's are still reading textbooks when previous generations were punching time clocks.



The recession "basically told everybody that they need an education to get better jobs," says John Silvia, chief economist at Wells Fargo. "So how would young people respond? They stayed in school."



Fewer than 39 percent of 18- and 19-year-olds are employed, down from 56 percent in 2000. For people ages 20 to 24, the proportion has fallen to 64 percent from 72 percent.

- The number of part-timers who would prefer full-time work remains high.

About 6.5 million workers are working part time but want full-time jobs, up from 4.6 million before the recession began. This is partly a reflection of tepid economic growth. But economists also point to long-term factors: Industries such as hotels and restaurants that hire many part-timers are driving an increasing share of job growth, researchers at the Federal Reserve Bank of San Francisco have found.



As more young adults put off working, some employers are turning to older workers to fill part-time jobs. Older workers are more likely to want full-time work, raising the level of so-called involuntary part-time employment.



Many economists also point to the Obama administration's health care reforms for increasing part-time employment. The law requires companies with more than 100 employees to provide health insurance to those who work more than 30 hours.



Michael Feroli, an economist at JPMorgan Chase, says this could account for as much as one-third of the increase in part-time jobs.

- Weak pay growth.

The average hourly U.S. wage was flat in June at $24.95 and has risen just 2 percent over the past year. The stagnant June figure dispelled hopes that strong job growth in May heralded a trend of steadily rising incomes.



In theory, steady hiring is supposed to reduce the number of qualified workers who are still seeking jobs. And a tight supply of workers tends to force wages up.



Yet a host of factors have complicated that theory. U.S. workers are competing against lower-paid foreigners. And automation has threatened everyone from assembly line workers to executive secretaries.
Still, economists at Goldman Sachs forecast that average hourly pay will grow at an annual pace of about 3.5 percent by the end of 2016. That is a healthy pace. But it will have taken much longer to reach than in previous recoveries.



© 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policyand Terms of Use.


SCENE II. A street.

SCENE II. A street.



SHALLOW

We have lingered about a match between Anne Page and
my cousin Slender, and this day we shall have our answer.


Health Insurance Companies Seek Big Rate Increases for 2016 - NYTimes.com

Health Insurance Companies Seek Big Rate Increases for 2016 - NYTimes.com



WASHINGTON — Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are determined to see that the requests are scaled back.




Press Roped Down By Aides at Hillary Event | The Weekly Standard

Press Roped Down By Aides at Hillary Event | The Weekly Standard




iZombie Season 2 – cure attempts will intensify, Peyton will remain spooked by Rose; new characters are expected | Vine Reporter

iZombie Season 2 – cure attempts will intensify, Peyton will remain spooked by Rose; new characters are expected | Vine Reporter



Moreover, in the previous season, Liv tested a cure on Major and Blaine. They will continue to experience the side effects of this cure even if they are already human. Major may have to playact as a zombie to keep people afraid, though, because it's bad for business.




Take 2: George Takei sorry he ‘spoke in the heat of anger, and uncivilly’ | Twitchy

Take 2: George Takei sorry he ‘spoke in the heat of anger, and uncivilly’ | Twitchy




Campaigns on referendum choice halt as Greeks face vital decision | Fox News

Campaigns on referendum choice halt as Greeks face vital decision | Fox News



If he loses, Tsipras has strongly indicated he would step aside.


Friday, July 3, 2015

Greek banks down to €500m in cash reserves as economy crashes - Telegraph

Greek banks down to €500m in cash reserves as economy crashes - Telegraph



Officials say the central bank will release the funds as soon as Friday, but this is a stop-gap measure at best. "We are on a war footing in this country," said Yanis Varoufakis, the Greek finance minister.




Greek banks prepare plan to raid deposits to avert collapse - FT.com

Greek banks prepare plan to raid deposits to avert collapse - FT.com


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[CSL] No. We think it's time to see other websites. [/CSL]

North Korean defector flees to Finland 'with evidence of chemical testing on humans' - Asia - World - The Independent

North Korean defector flees to Finland 'with evidence of chemical testing on humans' - Asia - World - The Independent

Ronda Rousey Says She'd Only Fight Floyd Mayweather If They Were Dating

Ronda Rousey Says She'd Only Fight Floyd Mayweather If They Were Dating



During a press junket for the new "Entourage" movie, Ronda Rousey was asked by "Access Hollywood" about fighting Floyd Mayweather. Rather than talking about throwing a punch, the UFC star threw some serious shade instead.
"Well, I will never say that I can't beat anyone," Rousey said. "I don't think that me and him would ever fight unless we ended up dating."
OH. SNAP.
Mayweather, of course, has a documented history of domestic violence.
Watch her response in all its glory below, and hear her plans for her future and her thoughts on Tinder while you're at it.

While you weren’t watching, Obama granted de facto amnesty to millions

While you weren’t watching, Obama granted de facto amnesty to millions



The Obama administration has received sharp rebukes from federal trial and appeals courts for his post-election plan to grant DREAM Act-like status through administrative rules.  
That plan, which would have granted de facto amnesty to approximately 5 million people, now is on hold until further argument this month in the 5th Circuit Court of Appeals.
But under the radar, Obama has been accomplishing a more sweeping de facto amnesty through deliberate non-enforcement of the deportation laws. 


Dehesa (pastoral management) - Wikipedia, the free encyclopedia

Dehesa (pastoral management) - Wikipedia, the free encyclopedia




Thursday, July 2, 2015

Muslim bakeries refuse to bake cakes for gay weddings VIDEO – media silent | RedFlagNews.com

Muslim bakeries refuse to bake cakes for gay weddings VIDEO – media silent | RedFlagNews.com



Muslim bakeries in Michigan refused to bake cakes for gay weddings. You would think that would be news like Memories Pizza refusing to cater gay weddings. Nope, Muslims are part of the liberal media protected class. If Muslims want to follow their own religious beliefs and not bake cakes for gay weddings, you don’t hear any big outcry out bigotry of ‘homophobia.’ Instead, these Muslim bakeries in Michigan are given a pass to practice their religion as they see fit, unlike Christians. Watch the following video from Steven Crowder going into a few Dearborn Muslim bakeries and asking them to make a gay wedding cake. Every one of them refuses.

Economic exodus means two-thirds of Puerto Ricans may soon live in US | World news | The Guardian

Economic exodus means two-thirds of Puerto Ricans may soon live in US | World news | The Guardian



Facing a crisis of monumental proportions at home, tens of thousands of people are fleeing a Caribbean island in search of a better life in the United States only to find hardship and struggle on American shores. Their stories sound like those of millions of migrants – poverty at home, where the economy lies in tatters – but they differ from millions of others: they’re already American.




Teachers granted power to ‘confiscate and destroy’ unhealthy school lunches - EAGnews.org

Teachers granted power to ‘confiscate and destroy’ unhealthy school lunches - EAGnews.org



LONDON – The British government is urging school leaders to use their “common law powers” to search student lunches and potentially confiscate any items they deem “unhealthy or inappropriate.”




Illegal Aliens Disrupt Ann Coulter Book Signing, Author Fires Back - Breitbart

Illegal Aliens Disrupt Ann Coulter Book Signing, Author Fires Back - Breitbart



Coulter appeared on Fox News’ The Kelly File on Tuesday morning, where she discussed some of the more important points in her book.
“Immigration is a government policy like any other and it ought to be used to benefit the people already living here. That includes recent immigrants,” Coulter said. “There should not be any criminals coming in.”

Christian bakers fined $135,000 for refusing to make wedding cake for lesbians | Fox News

Christian bakers fined $135,000 for refusing to make wedding cake for lesbians | Fox News



 One of the women “felt depressed and questioned whether there was something inherently wrong with the sexual orientation she was born with.” The said she had “difficulty controlling her emotions and cried a lot.”




Oliver Moody on Twitter: "This is definitely my favourite diagram of the week. http://t.co/vKcMRVBPau"

Oliver Moody on Twitter: "This is definitely my favourite diagram of the week. http://t.co/vKcMRVBPau"

Chaos: Meaning and History | Merriam-Webster

Chaos: Meaning and History | Merriam-Webster



A mad dash, a big scrum, a muddled jumble — all of it could be described with one word: chaos. Our most common uses of chaos today imply either a confused mass or jumble of things, or a state of utter confusion. But when chaos first entered English, it referred to the inverse of confusion:chaos first referred to a void.
The English word chaos is borrowed from the Greek word that means "abyss." In ancient Greece, Chaos was originally thought of as the abyss or emptiness that existed before things came into being, and then the word chaos was used to refer to a specific abyss: the abyss of Tartarus, the underworld. When the word chaos first came into English in the 1400s, this sense was the one that was first attested to.
Later, in the 1600s, there was renewed interest in the Classical authors, and that's when chaos gained its more familiar sense. Ovid, the great Greek thinker, thought of chaos as not a formless void from which all things were made, but as a formless, jumbled, disorganized mass. English speakers borrowed this meaning of chaos, then broadened it into the word we recognize today: one that denotes utter confusion or disorganization.

Wednesday, July 1, 2015

Gabriel Malor on Twitter: "Dear Internet, I love you. I love you so much. http://t.co/plFQkkfqDJ"

Gabriel Malor on Twitter: "Dear Internet, I love you. I love you so much. http://t.co/plFQkkfqDJ"

US blocks attempts by Arab allies to fly heavy weapons directly to Kurds to fight Islamic State - Telegraph

US blocks attempts by Arab allies to fly heavy weapons directly to Kurds to fight Islamic State - Telegraph



The United States has blocked attempts by its Middle East allies to fly heavy weapons directly to the Kurds fighting Islamic State jihadists in Iraq, The Telegraph has learnt.
Some of America’s closest allies say President Barack Obama and other Western leaders, including David Cameron, are failing to show strategic leadership over the world’s gravest security crisis for decades.

Mark Dubowitz on Twitter: "Obama got Nobel Prize for his "vision of & work for world w/o nuke weapons." Now he will enable it. #IranDealVienna http://t.co/1sRaaT5U8x"

Mark Dubowitz on Twitter: "Obama got Nobel Prize for his "vision of & work for world w/o nuke weapons." Now he will enable it. #IranDealVienna http://t.co/1sRaaT5U8x"

Oliver Moody on Twitter: "This is definitely my favourite diagram of the week. http://t.co/vKcMRVBPau"

Oliver Moody on Twitter: "This is definitely my favourite diagram of the week. http://t.co/vKcMRVBPau"

After 'gratifying' week, Obama sees long to-do list in time left - Yahoo News

After 'gratifying' week, Obama sees long to-do list in time left - Yahoo News




Pressed by Debt Crisis, Doctors Leave Greece in Droves - The New York Times

Pressed by Debt Crisis, Doctors Leave Greece in Droves - The New York Times

Greece is in the midst of the worst brain drain in modern history, experts say.

“This is unprecedented in terms of the numbers of educated people that are leaving,” said Lois Labrianidis, a professor of economic geography at the University of Macedonia in Thessaloniki.

The country is hemorrhaging talent, as professionals in medicine, engineering and academics flee for a better economic climate and more stable employment. The pain has been particularly severe in the health care sector of Greece: Many of the country’s doctors have left or are making plans to do so.


15 Weeks: Treasury Says Debt Has Been Frozen at $18,112,975,000,000

15 Weeks: Treasury Says Debt Has Been Frozen at $18,112,975,000,000



That, according to the Treasury's statements, makes 15 straight weeks that the debt subject to the limit has been frozen at $18,112,975,000,000.
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.


Puerto Rico poses bigger threat to U.S. investors than Greece - MarketWatch

Puerto Rico poses bigger threat to U.S. investors than Greece - MarketWatch



The report concluded that the U.S. commonwealth has lost the ability to fund itself through public debt markets, while pointing to what the authors described as “a decade of stagnation, outmigration and debt.”




Jim Carrey Slams School Vaccine Legislation: It's "Poisoning More Children" - Hollywood Reporter - The Hollywood Reporter

Jim Carrey Slams School Vaccine Legislation: It's "Poisoning More Children" - Hollywood Reporter - The Hollywood Reporter



Amongst those throwing their weight behind Carrey are Kristie Alley, who emphasized the "SIXTY-FIVE VACCINES" the law makes manadatory for families and their children. Others, such as fellow Scientologists Jenna Elfman and Danny Masterson, as well as actress Selma Blair and noted activist Erin Brockovich, clarified that though they aren't necessarily anti-vaccine, they feel the law is an egregious case of government overreach and suppression of parental rights. 

Wu-Tang Financial on Twitter: "oh hai http://t.co/OpfsitwUhz"

Wu-Tang Financial on Twitter: "oh hai http://t.co/OpfsitwUhz"



IWF - New Overtime Rules Are Pure Obama: They Won't Actually Help Workers

IWF - New Overtime Rules Are Pure Obama: They Won't Actually Help Workers

With the flick of his magic pen, President Obama will soon grant millions of workers overtime play. At least, that's the fantasy being peddled by the White House and regurgitated by a credulous press.

--the editors of Investors Business Daily

President Obama is working overtime to demonstrate what IBD calls his "economic illiteracy."

The president's new cause is extending overtime eligibility. Like many Obama proposals, it is sold as a way to help working Americans. Like the vast majority of Obama programs, it will do just the opposite.

Here is how overtime rules currently work: salaried workers who earn less than $455 a week are required to pay overtime when the employee goes beyond regular hours. Obama is going to change this so that people making $50,000 must be paid overtime.

Almost always hostile to business, the president says that that many companies are "skirting basic overtime laws, calling somebody a manager when they're stocking groceries and getting paid $30,000 a year." Other people, he did not mention, would dearly love to have a job doing anything in the Obama economy.

Will the president's new rules actually help the millions he claims they will? IBD says not:

But that assumes businesses employing these newly overtime-eligible salaried workers won't change anything, and will just start paying them time-and-a-half.

In a free market economy, these workers are already making the market wage. If they were being underpaid, given their skill levels and the work they're doing, they'd get another job.

So what are employers going to do? Since money doesn't grow on trees, some affected companies will tell these workers to put in less overtime, or ban it altogether. Or they'll bring in more part-time workers to avoid the wage hit. Or lay off some people.

The point is, far fewer than 5 million workers will benefit from this change, and many will lose out.

Of course, some companies might raise prices to pay for more overtime, thereby forcing consumers to bear the cost of Obama's "generosity."

Someone needs to tell Obama that economic prosperity doesn't result from new, more burdensome federal mandates and regulations. If Obama really wants to help middle-class families make more money, he should concentrate on freeing the economy from regulatory shackles, not adding new ones.

Add overtime to hiking the minimum wage, two of President Obama's pet causes, which may help him appear humane but will harm workers by reducing opportunity.

- See more at: http://iwf.org/blog/2797560/?utm_source=twitterfeed&utm_medium=twitter#sthash.DI4AAnsr.dpuf



VA to Iraq war vet: 'We're not accepting any new patients'

VA to Iraq war vet: 'We're not accepting any new patients'




Tuesday, June 30, 2015

Greeks Prepare to Be Pillaged : Anything Peaceful : Foundation for Economic Education

Greeks Prepare to Be Pillaged : Anything Peaceful : Foundation for Economic Education





In the world of banking, a “holiday” means you can’t get your money. It’s been a few years since we’ve seen that happen in any developed world economy, but that is exactly what the Greek government is doing, starting now, to stop a massive bank run.
Greece owes the International Monetary Fund a payment of $1.5 billion, due tomorrow, from the last time the government was bailed out. But, of course, governments can’t make wealth, and the money didn’t just magically materialize. They have to beg, borrow, and steal to get it, and Greece has finally found those limits.
Athens had hoped that it could once against tap the European Commission. But drained and fed up, other governments refused to extend yet another loan to Greece unless they agreed to reform their bloated and corrupt welfare state.
Unfortunately for Greeks, the ruling coalition in Greece swept into power in January on the platform of stopping “austerity” and rolling back budget cuts. They balked at the EU’s (and especially Germany’s) conditions for the next round of bailout money.
As a result, Athens has really and truly run out of money, and they will default on their debts starting tomorrow — and the European Central Bank has said it will cut off emergency credit to Greek banks if the government fails to pay its debts.




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Monday, June 29, 2015

Some People In France Got Very Sick Doing Their Version Of The Tough Mudder Challenge | The LAD Bible

Some People In France Got Very Sick Doing Their Version Of The Tough Mudder Challenge | The LAD Bible



You’ll be familiar with the concept of the Tough Mudder Challenger, you’ll probably have friends who have done it and uploaded their picture to Facebook afterwards where they are drenched in mud.
Well you can do the same thing in France except they were probably drenched in their own vomit as well as over 1000 people got ill when they attempted Mud Run two weekends ago. This was because the mud they were churning though to have a good time was actually a load of animal sh*t, so that’s pretty awful.
According to The Daily Mail at least 30 people came down with a ‘mystery outbreak’ which is more commonly known as ‘coming out of every hole.’ There was extreme vomiting and diarrhoea.
The feces on the course released a bacteria similar to salmonella which when ingested made lots of people extremely ill.


Michelle Malkin | » Going green: Obama and Bill Nye’s Earth Day fuel-fry cost taxpayers a cool million

Michelle Malkin | » Going green: Obama and Bill Nye’s Earth Day fuel-fry cost taxpayers a cool million



Going green: Obama and Bill Nye’s Earth Day fuel-fry cost taxpayers a cool million

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By Doug Powers  •  June 24, 2015 09:54 PM
**Written by Doug Powers
President Obama and Bill Nye the Hypocrite Guy crop-dusted the nation with eco-friendly 747 emissions on Earth Day in order to go try and score a couple of political points in Florida, and taxpayers have received the bill:
President Obama’s Earth Day Air Force One flights cost taxpayers with more than $800,000, according to newly released documents by Judicial Watch.
The documents, obtained using the Freedom of Information Act, show Air Force One runs a cost of $206,377 per hour to operate. Obama’s trips to and from Miami to deliver his speech in the Florida Everglades totaled 4.2 hours, costing taxpayers $866,615.40. Additionally, Air Force One used 9,180 gallons of jet fuel.
During Obama’s Earth Day speech, he assailed Republicans on global warming.
That 9,180 gallons was just Air Force One’s fuel burn. Then there was a 20-minute Marine One helicopter ride to and from the Everglades, and of course the fuel for the motorcade — unless all these vehicles ran on algae and unicorn droppings:

Doug Powers on Twitter: "Good luck: Obama advising Greece on how to stave off financial ruin http://t.co/m526gS4Vc3 http://t.co/jkQWDjJ04E"

Doug Powers on Twitter: "Good luck: Obama advising Greece on how to stave off financial ruin http://t.co/m526gS4Vc3 http://t.co/jkQWDjJ04E"




The Internet of Things is poised to change democracy itself « Hot Air Headlines



The Internet of Things is poised to change democracy itself « Hot Air Headlines




The basis of a democracy is voluntary civic engagement: A person’s participation in setting government policy is intentional and a matter of choice. In democracies, citizens express their preference through activism and voting. Historically, governments and politicians eager to do a good job interpreting citizen intent also relied on opinion polls, conversations with civic groups, social science research, and huge record-keeping projects like the census. Politicians have long tried to interpret citizen intent and manipulate it through rhetoric and campaign tricks.


But pervasive device networks will change the rules, making voluntary conversations among elected officials, political parties, lobbyists and civic groups less important than the plethora of near-perfect data generated by the objects around us. Occasional activism and petition-signing will be overshadowed by volumes of behavioral information cleverly extracted from the Internet of Things.



Firms want to know consumer habits, governments want to anticipate the needs of citizens, and politicians will pay handily to understand the whims of voters. Political lobbying isn’t a new sport, but the Internet of Things is going to be a particularly powerful resource for lobbyists. The more a lobbyist knows about the behavior of voters and donors, the easier it is to activate those people and organize them into AstroTurf movements on clients’ behalf. Considering that smart data mining costs good money, it’s worth considering whether civic groups, scientists and journalists will have anywhere near enough resources to be effective checks on what the big political players are doing with the Internet of Things.



Look at every country that allows gay marriage and you see something VERY interesting... - Allen B. West - AllenBWest.com

Look at every country that allows gay marriage and you see something VERY interesting... - Allen B. West - AllenBWest.com



I am wondering if homosexuality is part of “white privilege” — if there is in fact “gay privilege,” which is conferred by the privileged white leadership. Because other than Jacob Zuma, the leader of South Africa — and one genetic half of our president — none of the leaders of the countries which allow gay marriage are people of color. The grandparents of Cristina Fern├índez de Kirchner, the president of Argentina were from Spain and Germany. Even the president of Brazil, Dilma Rousseff, has Bulgarian ancestry.
Also of note is the fact that gay marriage is allowed in majority Christian countries – you know, those same terribly intolerant Christians who won’t bake wedding cakes or pizzas.
So shall we start a pool to guess which nation will be next?
[Note: This article was written by Michele Hickford, Editor-in-Chief]

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