Archive for January, 2011

Daily Readings 01-31-2011

By: admin
Published: January 31st, 2011

Low-wage jobs dominated hiring so far in job market recovery – There are two problems with the jobs recovery to date. Employers haven’t added enough jobs. And those they have added aren’t particularly good ones.

No Recovery for the American Worker – For 2010, the U.S. economy created only 1.1 million new jobs, a rate of increase well short of the number of new entrants into the U.S. labor market. Including in the unemployment measure discouraged workers and those involuntarily working part time, the unemployment level is around 17 percent.

Home Prices Sink FurtherDeclines Reported in All 28 Major Metropolitan Areas; Unsold Inventory Piles Up

Adjustable-rate mortgages are making a comebackHybrid ARMs, some of which have rates significantly lower than 30-year fixed-rate mortgage alternatives, are growing in popularity. PEOPLE, HAVEN’T YOU LEARN ANYTHING FROM YOU PAST MISTAKES ?

Loneliest Man in Davos Foresees 2015 Bank Crisis While Global Elites PartyAs politicians, executives and financiers networked at parties and panels last week in Davos, Switzerland, Barrie Wilkinson was in a nearby hotel, warning that a 2015 financial catastrophe may be looming.

Egypt and Tunisia usher in the new era of global food revolutionsPolitical risk has returned with a vengeance. The first food revolutions of our Malthusian era have exposed the weak grip of authoritarian regimes in poor countries that import grain, whether in North Africa today or parts of Asia tomorrow.

European Inflation Quickens to Two-Year High of 2.4%European inflation accelerated more than economists forecast in January, keeping pressure on policy makers to monitor price gains that are exceeding the European Central Bank’s limit.

Uncle Sam in the driver’s seat – You should trust the government whose recent innovations include the ethanol debacle that, four days before the State of the Union, the government expanded. And you should surrender more resources to the government whose recent innovations include the wild proliferation of subprime mortgages.

Mascots of the Self-Congratulatory Elites – A MUST READ! – Victor Davis Hanson’s quietly chilling article, “Two Californias,” ought to be read by every American who is concerned about where this country is headed. California is leading the way, but what is happening in California is happening elsewhere — and is a slow poison that is largely being ignored.

Cut or spend – you can’t have it both ways – Everybody wants to cut the debt and everybody wants to spend more money. Never mind that, as every hapless credit card addict discovers, once you are bankrupt and in debt over your head, every additional pound that you spend has to be borrowed which thus increases your debt, making it more unlikely that you will ever be solvent again.

What kind of government debt counts as debt?Despite America and Europe’s onerous entitlements, these promises are not included in their debt figures, though rating agencies claim to account for entitlements when they give sovereign debt ratings. But these promises are accounted for differently than other obligations because future entitlements are subject to revisions.

Tawdry details of Obamacare – If you would like to know what the White House really thinks of Obamacare, there’s an easy way. Look past its press releases. Ignore its promises. Forget its talking points. Instead, simply witness for yourself the outrageous way the White House protects its best friends from Obamacare.

Judge rules healthcare reform unconstitutional – A judge in Florida on Monday became the second judge to declare President Barack Obama’s healthcare reform law unconstitutional, in the biggest legal challenge yet to federal authority to enact the law.

For Many Companies, Low Taxes Are Key To ProfitsJust how broken is the corporate tax system? Consider the tax rate paid by two of America’s biggest companies — Wal-Mart and General Electric. Wal-Mart paid 34 cents in taxes for every dollar of profit it made in the past three years. General Electric paid just 3.6 cents on the dollar.

Brian Calle: Pension tsunami has reached shorelineConcerns over mounting unfunded public-employee retirement benefits confronting states and municipalities have been growing for years but the tidal wave is no longer on the horizon, it’s at the shoreline. And the time has come to advance tough – even painful – workable solutions. Fortunately there are many remedies; it will just take the political will to take on the public-sector unions.

Stefan Törnqvist, top manager of a Finnish bank believes that the euro will fail within two yearsCapital Executive Director of the “Alandbanks,” Stefan Törnqvist, wrote on Friday in the Swedish-speaking Hufvudstadsbladet that he believes with 80 percent certainty that the euro will collapse. He also suggest a creation of a Scandinavian Monetary Union, return of the Krone, the Finish Mark and the Deutsche Mark...

Why You Can’t Trust the Inflation Numbers – As you battle to manage your family’s finances, be aware that there are three reasons why inflation needs to be on your radar screen.

The Inflation Merry-Go-RoundThe last two to three months have seen the growth outlook for the global economy solidify and inflation return to the forefront of investors’ attention.

Washington’s Financial DisasterTHE long-awaited Financial Crisis Inquiry Commission report, finally published on Thursday, was supposed to be the economic equivalent of the 9/11 commission report. But instead of a lucid narrative explaining what happened when the economy imploded in 2008, why, and who was to blame, the report is a confusing and contradictory mess, part rehash, part mishmash, as impenetrable as the collateralized debt obligations at the core of the crisis.

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Jobs: What Does It Cost to Add a Worker?

By: admin
Published: January 30th, 2011

From ABC NEWS
By DANIEL E. ARNALL

Politicians Shout About Creating Jobs, But Here’s Surprising Truth About What It Takes

There is a cacophony of voices shouting about jobs – politicians, traders, economists, business leaders all yammering on about needing more and what it’ll take to get unemployment down.

With all the rhetoric, not many Americans know what it takes to fund a new job. What does it really cost to add a worker to a company’s payroll?

Well, here it is:

$40,630.20 (BASIC WAGE; the average weekly earnings for a private sector worker according to the Bureau of Labor Statistics is $781.35 x 52 weeks)

+

$17,064.68 (BENEFIT and TAX COST; the BLS says that for every $1 in wages, employer costs for taxes and benefits are $0.42 )

=

$57,967.88 (TOTAL ANNUAL DIRECT COSTS to employers for the average worker)

And this number doesn’t include the cost of rent, telephone/internet, computer, training, etc. for the average worker – it’s just the direct costs of employing someone. Experts say these other costs can add thousand of dollars more per year, depending on the industry and job requirements.

What’s All This Mean?

It’s expensive to “add a job.”

Now let’s go the next step.

What does it cost to add enough new jobs to cut the unemployment rate to 6 percent, where we were in the middle of 2008?

Today we have 14.5 million unemployed folks in the US. To get to 6 percent unemployment we’d have to find work for 5.3 million of those unemployed people.

5,300,000 (NEW JOBS needed to bring unemployment to 6 percent)

x $57,967.88 (TOTAL ANNUAL DIRECT COSTS per new worker)

= $307.2 billion (ANNUAL COST OF NEW WORKER PAYROLL)

To absorb just the average direct costs of these new workers, we would have to add 2.1 percent to the US gross domestic product. And that’s not including the profits the private sector would require to justify adding the workers to their payrolls – we’re not running a charity here, after all.

Talk about jobs is cheap. Adding a job is not.

Note: Data derived from the Bureau of Labor Statistics figures.

Well, actually I do not agree with the last assessment of the author, that it is simple mathematical operation to create jobs – find $307.2 Billion, put them in the economy and voila – you have created jobs.

It takes more than that. You have to sell service or product, that someone is willing to buy.

Simply pouring billions of dollars in the economy doesn’t create jobs.

Point and case – look what the $700 billion spent as stimulus by Obama’s administration got us…I bet they used a similar model as above to derive their conclusion of how much to spend to bring the unemployment down

And frankly it doesn’t matter if you call it “stimulus spending” or “investment for the future of America”.

If you just pay someone money to do nothing worthwhile, that other people think is worth their investment (buying it) you  are just wasting the money…. In our case – borrowed money, that we have to repay with interest

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WikiLeaks Vs Facebook

By: admin
Published: January 30th, 2011

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The Most Amazing Action Movie Ever

By: admin
Published: January 30th, 2011

It is official – America is even lagging behind in movie making.

Bollywood has created the most amazing action movie ever.

It is mix of stolen ideas from “The Matrix”, “I,robot”, “Transformers” and many cartoon movies.

It is dubbed in Russian, but the dialog is not what matters here. Action is!

If anyone wonders what is the robot saying to the mosquitoes – he asks them to apologize to the pretty girl that one of them bit LOL

After watching part 2 I believe this is also the bloodiest movie ever made

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Cartoons 01-30-2011

By: admin
Published: January 30th, 2011

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Daily Readings 01-30-2011

By: admin
Published: January 30th, 2011

Internet ‘Kill Switch’ Legislation Back in Play

Legislation granting the president internet-killing powers is to be re-introduced soon to a Senate committee, the proposal’s chief sponsor told Wired.com on Friday.

Really? The first thing the rulers  do when afraid of the peasants….they “kill” the mass communication. That’s what happens in every revolution troughout the human history. Whoever gets control first on the papers, TV, Radio, nowadays internet and mobile communication, is on top of the game.  You control the media – you control the country….

Are OUR rulers afraid of us?

Why?

Oh, yeah they keep screwing us….As did the Egyptian ruler screwed his people

Good thing here in America we can fight back against the oppressive government regime with the voting ballot….or one may wonder if this still is the case…

Egypt shutdown worst in Internet history

The scale of Egypt’s crackdown on the Internet and mobile phones amid deadly protests against the rule of President Hosni Mubarak is unprecedented in the history of the web, experts said.

US President Barack Obama, social networking sites and rights groups around the world all condemned the moves by Egyptian authorities to stop activists using cellphones and cyber technology to organise rallies.

According to Renesys, a US Internet monitoring company, Egypt’s four main Internet service providers cut off international access to their customers in a near simultaneous move at 2234 GMT on Thursday.

Beware Virgo drivers, Allstate data warn

Virgos, known for being practical, industrious and perfectionists, were 700 percent more likely to be in a car accident in the last year than passionate, determined Scorpios, according to Allstate Insurance, which recently compared claims data against the revised astrological calendar.

Damn! Don’t they always find some  creative way of rising insurance premiums, but… au contraire assholes, I am no longer a virgo anyway and…. Your Zodiac Sign May Have Changed too…

Workers saw 2 percent rise in wages and benefitsWorkers saw their wages and benefits rise slightly faster in 2010 than 2009 but the gain was still the second lowest increase in nearly three decades. Well that will keep the official inflation numbers low for a while…, but will not answer  the people’s concerns of how to feed their family, buying groceries with rising prices, when they got no wage rise….

70 Trillion cubic feet of New Arctic Ice -

Comparing imagery of January arctic sea ice from 2009 to 2011 sourced from the U.S. Navy Polar Ice Prediction System, it appears as though the ice sheet has thickened substantially.

That is, the arctic ice during January 2009 compared to January 2010 compared to January 2011, all purposefully compared during the same month of each year.

Do not worry! Team of EPA experts has been dispatched to investigate the anomaly. Meanwhile the green energy is remaining  the key industry to boost and revive the USA economy…

And if everything with the global climate change is all right, do not feel too comfortable, because there is another urgent question bugging  the scientists….

Is the world’s largest super-volcano set to erupt for the first time in 600,000 years, wiping out two-thirds of the U.S.?

Two-thirds of the U.S. could become uninhabitable as toxic air sweeps through it, grounding thousands of flights and forcing millions to leave their homes.

Anything else set aside….Lets congratulate all freedom loving individuals, who fight for their freedom and the individual rights and do not think, they are so insignificant, that they are unable to change anything….

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Daily Readings 01-29-2011

By: admin
Published: January 29th, 2011

Govt: New rules would cut thousands of coal jobsThe Obama administration’s own experts estimate their proposal for protecting streams from coal mining would eliminate thousands of jobs and slash production across much of the country, according to a government document obtained by The Associated Press.  Where would the electricity for all those electric cars roaming the USA roads that Obama envision in 2015 come from?

Data source: http://www.eia.doe.gov/cneaf/electricity/epm/table1_1.html

State pension + debt = big numbersStates’ debt loads are high enough, but when you combine them with their pension obligations, the numbers are really eye-popping.

Cities on the BrinkAre you sure you want to live here?

Pension issues may hurt US state ratings – Moody’s – Some U.S. states face so much pressure to fund pensions for public employees that it could hurt their credit ratings, Moody’s Investors Service said on Thursday.

Mesa man makes eco-friendly plastic bottles – A Mesa man’s small-business venture has run into opposition from a large and unexpected source: the $400 billion recycling industry, which fears that by making plastic bottles biodegradable, it will reduce the stream of plastic refuse used to make everything from carpet to clothing to new bottles.

Himalayan glaciers not melting because of climate change, report findsHimalayan glaciers are actually advancing rather than retreating, claims the first major study since a controversial UN report said they would be melted within quarter of a century.

Climate Change Claims Melt AwayThe alarmists, who refuse to give up on their goal of controlling energy and wealth distribution, say that the study does not refute the man-made global warming claims. They argue the glaciers that are advancing are protected from warming by the debris cover

Paulson’s $5 billion payout shocks, raises questionsBillionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the world’s wealthiest people, became a lot richer last year.

Buffett’s Options for His Mountain of Cash – Likening cash to oxygen, the legendary investor said it is important to know that it is around but unnecessary to have it in excess. Rather than have hoards of excessive cash on hand, he would rather own a strong business… Especially if you are in partnership with the government who will finance your expenditures…

New York City may have to lay off 15,000 teachers: mayorNew York City might have to lay off 15,000 teachers if the state, grappling with a $10 billion deficit, cuts the city’s education budget by $1 billion, Mayor Michael Bloomberg said on Friday.

Lawmakers rally to save Internet sales tax bill – Proponents of taxing Internet sales say it will generate more revenue for public education and level the playing field for traditional Main Street businesses.

China rating agency blames U.S. for “credit war” - The ultra-loose monetary policy of the United States is setting the stage for “a world credit war,” a Chinese rating agency said on Friday, in the latest warning against soaring debt burdens in developed economies.

Obama’s Take on U.S. Innovation – The problem with left-leaning elites trying to run the U.S. economy from the top down is simple: They think the answer to America’s economic woes is to create more jobs that replicate managers just like them.

E-mails Suggest Bear Stearns Cheated Clients Out of BillionsLawsuit alleges the bank took extreme measures to defraud investors, and now JPMorgan may be on the hook

Russia: Strongest Ever Nuke Warhead, Will Penetrate All Missile Defense Shields For the Next 40 Years – Russian army has a new missile….do not be alarmed! This particular nuclear rocket is NOT covered by the new START treaty Obama signed, so it is not real….

Conservative Austerity Idea Is Failing: David Blanchflower – Sorry, fiscal austerity doesn’t work. For evidence, look no further than the U.K… Now look at the USA – Kaynesian model doesn’t work either…

Hedge Fund Guy’s New Best Friend Is Wet, Wet, Wet: Mark Gilbert – Water is set to become hedge-fund guy’s new best friend forever.

Dangerous Game – The latest budget numbers look bad. But the truth is even worse.

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