Archive for the ‘Statistics’ Category

Census ‘faked’ 2012 election jobs report

By: admin
Published: November 19th, 2013

Surprised? I am not at all….

From NYP

In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.

The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

And the Census Bureau, which does the unemployment survey, knew it.

Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.

And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.

read the rest here

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)
More on this topic (What's this?)
Life in New York City: $114MM townhouse for sale! (Photos)
Structural Unemployment
Unemployment Data Manipulation
Read more on Chun YU Works, Unemployment (U.S.) at Wikinvest

A Second Term Will Be Terminal

By: admin
Published: July 11th, 2012

From The American Spectator
By  on 7.11.12

Another four years of Obamanomics and Argentina will be crying for us.

With a second term for Obama, the world-leading America we have known and hoped to leave to our children will be gone. Last Friday’s jobs report confirms that Obama is well on his way to transforming America into a third world country, with declining living standards and perpetual economic stagnation.

Argentina enjoyed the world’s fourth highest per capita GDP in 1929, on par with America at the time. But then the nation lost its way in embracing a leftist, union allied government, which took control of the economy and imposed wildly irresponsible taxes, spending, deficits, and debt. After World War II, the hugely popular Juan Peron came to power and institutionalized the madness. It has been all downhill for Argentina ever since. Do you recognize the pattern?

Today, Argentina ranks 53rd in the world in per capita GDP, according to the International Monetary Fund, 57th in the CIA World Factbook, at a level less than one third that of America. But its national debt at 51% of GDP is actually less than that of the United States under the Obama administration, where we are rocketing towards 100% of GDP by the end of this year, and 200% in 25 years, according to CBO.

The Worst Economic Recovery Since the Great Depression: Confirmed
Last Friday’s jobs report indicated the most commonly cited U3 unemployment rate remains stuck at 8.2%. That makes 41 straight months of unemployment over 8%, which the Joint Economic Committee of Congress confirms is the worst recovery from a recession since the Great Depression almost 75 years ago. The total number of Americans unemployed actually rose over the last 3 months by 76,000, 54 months after the recession started, and 3 years after it was supposedly over. Since the Great Depression, and before this last recession, recessions in America have lasted 10 months on average, with the longest previously lasting 16 months.

Indeed, the last time before Obama that unemployment was even over 8% was December 1983, when Reaganomics was bringing it down from the Keynesian fiasco of the 1970s. It didn’t climb back above that level for 25 years, a generation, which is a measure of the spectacular success of Reaganomics. That success was centrally based on reducing tax rates, which our ignorant Marxist President says was tried but didn’t work.

Moreover, Obama’s June unemployment rate was not much, much higher only because over 7.2 million working people have given up even looking for work as a hopeless waste of time under President Obama, so they are not counted as unemployed in the U3 unemployment rate. Including these workers, who still exist and still do not have jobs, the unemployment rate would be 11%.

Besides the 12.7 million Americans who are counted as unemployed, another 8.2 million were employed part-time for economic reasons. “These individuals were working part-time because their hours had been cut back or because they were unable to find a full-time job,” the Bureau of Labor Statistics (BLS) reported. Another 2.5 million workers were marginally attached to the labor force, as they “wanted and were available for work, and had looked for a job sometime in the prior 12 months,” but “[t]hey were not counted as unemployed because they had not searched for work in the [prior] 4 weeks.”

That leaves the total army of the unemployed and underemployed at 23.4 million Americans. Counting these workers, the BLS reports the U6 unemployment rate as rising to 14.9% in June. If we add in the long-term discouraged workers that the BLS does not even count anymore, the Shadow Government Statistics website reports the total unemployment rate increasing to 22.8% in June.

In contrast, Obama promised us when he first entered office that if his nearly $1 trillion in stimulus spending passed, the unemployment rate would never exceed 8%, and would decline to 5.8% by May of this year, when in reality it was 8.2% and rising that month. The peak of the Obama Presidency came in February 2009, his first month in office, which is the last time he said something correct about the economic recovery, predicting to Matt Lauer on national television, “If I don’t have this done in three years, then this is going to be a one-term proposition.” We are now well past Obama’s own self-imposed deadline.

The unemployment rate for African -Americans actually rose last month to 14.4%, and it has remained at such depression era levels for Obama’s entire Presidency. Hispanics have suffered double digit unemployment throughout Bush’s Presidency as well, at 11% again last month. For teenagers, the rate last month stood at 23.7%. For black teenagers, unemployment rose last month to 39.3%. For Hispanic teenagers, the unemployment rate rose to 31%.

Friday’s labor report further indicated that the jobs picture has only been worsening under Obamanomics. A million more workers were suffering long-term unemployment of 27 weeks or longer in June than at the supposed end of the recession 3 years ago. Moreover, the median length of unemployment had risen to 19.8 weeks in June compared to 17.2 when the recession supposedly ended.

How Stupid Do They Think We Are?
Obama tells us that the 80,000 jobs created last month (25,000 were mere temp jobs) were “a step in the right direction.” A very tiny baby step at best, as the working age population grew by 191,000 in the same month. Moreover, 85,000 went on the disability rolls during the month, fleeing the Obama economy for their only alternative, taxpayer dependency. Another 275,000 applied for disability during the month.

Obama’s chief economic policy advisor Alan Krueger actually boasted that private sector jobs have grown for “28 straight months for a total of 4.4 million payroll jobs during that period.” But at the same point during the Reagan recovery, the economy had created 9.5 million new jobs.

Krueger thinks we are too stupid to know that job growth is the norm and not the exception for the American economy. In the 62 years from the end of World War II in 1945 until 2008, jobs grew in 86% of the months, or 640 out of 744. His statement is just a further example of the Obama administration’s practice of Calculated Deception.

Reagan’s recovery produced job growth in 81 out of its first 82 months, with 20 million new jobs created in those first 7 years alone, increasing the civilian work force at the time by 20%. That grew into 50 million new jobs over the entire Reagan 25 year boom from 1982 to 2007. Compare that to the disgrace of Obamanomics. While Obama tries to claim 4.4 million new jobs created, total jobs today are still half a million less than in January 2009 when he entered office. Even George Bush oversaw 52 consecutive months of job growth, including 8 million new jobs created after his 2003 capital gains and dividends tax rate cuts became effective (which Obama is dedicated to reversing).

Krueger also solemnly told the public, “it is important not to read too much into any one monthly report.” But as documented July 6 by Bryan Preston for PJMedia, the Obama Administration has said the exact same thing for each of the last 30 months. Do ya think 2 ½ years might constitute a trend?

The Disgrace of Obamanomics
Obama’s tragic jobs record reflects the dismal economic growth under his Administration’s perverse economic policies. For all of last year, the economy grew by a paltry real rate of only 1.7%, only about half America’s long-term trend. The average so far this year has been no better.

In sharp contrast, in the second year of Reagan’s recovery, the economy boomed by a real rate of 6.8%, the highest in 50 years. During the first 7 years alone, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third largest in the world at the time, to the U.S. economy. Real per capita disposable income increased by 18% from 1982 to 1989, meaning the American standard of living increased by almost 20%. The poverty rate, which had started increasing during the Carter years, declined every year from 1984 to 1989, dropping by one-sixth from its peak.

But President Obama, following the exact opposite of the policies of Reagan in every detail, is on exactly the opposite course. The Census Bureau reports falling real wages under Obama, kicking median family income back over 10 years. Census also reports more Americans in poverty today than at any time in the more than 50 years that Census has been tracking poverty. That is why Obama can also boast an all-time record number of Americans on food stamps, which is why Newt Gingrich has rightly labeled him “the food stamp President.”

Obama cannot explain away this disgrace of Obamanomics by arguing that the economy has performed so poorly under his Administration because the recession he inherited from Bush was so bad. That is exactly what he is arguing when he says “there are no quick fixes to the problems we face that were more than a decade in the making.” But the American historical experience is that the worse the recession, the stronger the recovery, as the American economy snaps back to its world-leading, long-term, economic growth trend line. Based on this historical record, we should be enjoying the third year of a raging economic recovery boom right now.

This historical experience was reflected by the surging Reagan recovery boom from the deep 1981-1982 recession. And it is why Obama was confident enough to tell Matt Lauer and the nation in 2009 that if he doesn’t have the economy hopping after 3 years, he is going to be a one-term President. If anything, because of the severity of the recession, Obama should have been blessed with an even more booming recovery than Reagan. But the dismal economic performance we have suffered instead, with no real recovery from the steep 2008-2009 recession at all, is the disgrace of Obamanomics.

The Coming Crash of 2013
For the first time on Monday, Obama indicated that the Bush tax cuts may not be made permanent for those making less than $200,000 a year. For why would he otherwise propose only a one-year extension of those tax cuts? If he terminates those tax cuts after one year, that would constitute yet another tax increase on the middle class, besides Obamacare.

This partial one-year extension of the Bush tax cuts will not do anything to promote the economy. Temporary tax relief does not work in any event to advance economic growth, because it is discounted by investors, consumers, and businesses as only a passing fad. But extending the Bush tax cuts for those making less than $200,000 per year would not be a tax cut from the current rates, but only an extension of the same rates that have been in force for 10 years or more. So there is no boost to the economy from that. Note that these are the tax cuts adopted by Bush and the Republicans for those making less than $200,000 per year, contrary to Obama’s claims that Bush and the Republicans only cut taxes for “the rich,” which are only despicable, manipulative lies so dishonest that they should disqualify Obama from office.

Indeed, instead of adopting tax cuts promoting the economy, Obama’s tax proposal on Monday would terminate the Bush tax cuts for those making over $200,000. So it would only trash the economy, because it would involve a huge tax increase on the nation’s small businesses, job creators, and investors. Counting the tax increases of Obamacare that will also go into effect next year under current law, the top two income tax rates would increase by nearly 20%, the capital gains tax rate would increase by nearly 60%, the tax on dividends would nearly triple, and the death tax would rise from the grave with a 55% top rate. While Obama says only 3% of small businesses would be affected, the tax increases would apply to close to two-thirds of small business income, which is the foundation for most jobs.

This is all on top of the corporate tax rate which under President Obama is the highest in the industrialized world at nearly 40%, counting state corporate rates on average. Even Communist China offers a 25% corporate rate. The social welfare states of the European Union are even lower on average, with formerly socialist Canada now featuring a 15% corporate rate, and economic powerhouse Germany not much higher.

American businesses are uncompetitive in the global economy with this tax burden. But under President Obama, there is no relief in sight. Instead, he has been barnstorming the country for the last two years calling for still more tax increases. Under his so-called Buffett Rule, which would double the capital gains tax, America would suffer the fourth-highest capital gains tax rate in the industrialized world, besides the world’s highest corporate tax rate.

When you add up all those multiple tax rate increases on top of Obama’s exploding regulatory costs, the result will be to push the economy back into recession next year, with unemployment soaring back over double digits, and the deficit soaring to new all time records over $2 trillion, the highest in world history. It is working people who will be hurt the most, because they are the ones who will lose the jobs they need for their basic standard of living. Even those with jobs will suffer further declining real wages and incomes because of the shredded demand for labor.

There is no economic theory under which increasing tax rates promotes economic growth and recovery, particularly rate increases on job creators and investors. Even under Keynesian economics, such tax increases are contractionary. Indeed, even Karl Marx would tell you that such tax rate increases would bring a market economy down, not up.

Obama falsely claims he is only restoring the Clinton era tax rates. But Obama is well beyond that now, because he is imposing the Obamacare tax increases next year as well, and he has been proposing still further tax increases. The top marginal income tax rates that drive the economy would consequently soar by well over 30%, probably close to 40% or more.

Obama says we tried the Bush tax cuts for “the rich” and they didn’t work. So let’s review how exactly they did work out. Bush cut the top income tax rate by 11.6%, from 39.6% to 35%, and the second highest rate by about 8%, from 36% to 33%. But he cut the lower rates by higher percentages, including slashing the bottom rate by 33%, from 15% to 10%. Then in 2003, he cut the tax rates on capital, reducing the capital gains tax rate by 25% from 20% to 15%, and the tax rate on corporate dividends to 15% as well.

These tax rate cuts first quickly ended the 2001 recession, despite the contractionary economic impacts of 9/11, and the economy continued to grow for another 73 months. After the rate cuts were all fully implemented in 2003, the economy created 7.8 million new jobs over the next 4 years and the unemployment rate fell from over 6% to 4.4%. Real economic growth over the next 3 years doubled from the average for the prior 3 years, to 3.5%.

In response to the rate cuts, business investment spending, which had declined for 9 straight quarters, reversed and increased 6.7% per quarter. That is where the jobs came from. Manufacturing output soared to its highest level in 20 years. The stock market revived, creating almost $7 trillion in new shareholder wealth. From 2003 to 2007, the S&P 500 almost doubled. Capital gains tax revenues had doubledby 2005, despite the 25% rate cut!

Consequently, the Bush tax cuts helped to extend the Reagan boom for 25 years, until 2008. By then, the government had induced the financial crisis, through regulations looting the banks for subprime mortgages demanded in the name of affordable housing for the poor and minorities, and through the Fed’s cheap dollar monetary policies, which began the restoration of perverse Keynesian economics. Punishment for the results is now long overdue for the advocates of those policies.

About the Author

Peter Ferrara is Director of Entitlement and Budget Policy for the Heartland Institute and General Counsel of the American Civil Rights Union. He served in the White House Office of Policy Development under President Reagan, and as Associate Deputy Attorney General of the United States under the first President Bush. He is the author of America’s Ticking Bankruptcy Bomb (HarperCollins).

VN:F [1.9.22_1171]
Rating: 4.7/5 (3 votes cast)
VN:F [1.9.22_1171]
Rating: +2 (from 2 votes)
More on this topic (What's this?)
More Obama Ukraine Fail Posters (Humor)
Obama’s Secret Russian “Buy” Signal
Michelle Obama: Thank you America!
How the Economy Will Help Obama Get Re-elected
Read more on Obama's Presidential Policy at Wikinvest

Daily Readings 07-09-2012

By: admin
Published: July 9th, 2012

The Education Blob

Since progressives want government to run health care, let’s look at what government management did to K-12 education. While most every other service in life has gotten better and cheaper, American education remains stagnant.

Spending has tripled! Why no improvement? Because K-12 education is a virtual government monopoly — and monopolies don’t improve.

GOP teachers balk at Obama-centric NEA convention - “Democracy” at work

“What I don’t like is the harassment going on for people to be an ‘EFO’ – an educator for Obama,” said Maureen van Wagner, a special education teacher from Anchorage, Alaska.

In interviews with The Associated Press, roughly a dozen teachers who identified themselves as Republicans said they felt pressure from union leaders and the rank-and-file to support Obama’s re-election – and felt marginalized when they wouldn’t. Some interviewed said they were so worried about retribution from their colleagues that they wouldn’t provide their names for publication.

GAO: ‘Little is Known’ About Effectiveness of Gov’t Jobs Programs for Disabled

According to the Government Accountability Office (GAO), “little is known” about whether nearly three dozen federal jobs programs for the disabled are actually helping people find work, including programs designed to help disabled veterans.

Sorry, America, you’re rich enough. Stop working

That is a must read, if you want to understand how insane (my opinion) some economists are… and not only economists are that insane….

Don’t Indulge. Be Happy….  – Here it comes  - in future America the “Department of Happy” (abbreviation D’OH, because we already have DOH -”Department of Health”) will tell every each of us when we are happy… 

Why, then, do so many of us bother to work so hard long after we have reached an income level sufficient to make most of us happy? One reason is that our ideas about the relationship between money and happiness are misguided. In research we conducted with a national sample of Americans, people thought that their life satisfaction would double if they made $55,000 instead of $25,000: more than twice as much money, twice as much happiness. But our data showed that people who earned $55,000 were just 9 percent more satisfied than those making $25,000. Nine percent beats zero percent, but it’s still kind of a letdown when you were expecting a 100 percent return.

Promises, Promises

Barack Obama has an accountability problem. It’s not simply that during the 2008 campaign he made extravagant promises to heal the planet, slow the rise of the oceans, end political divisions in America, and usher in an era of hope and change. It’s that as a candidate and in the early days of his presidency, Obama and his top aides made a series of very specific promises on a range of issues.

As a candidate, Obama promised to create five million new energy jobs alone, claimed that by the end of his first term his health care plan would “bring down premiums by $2,500 for the typical family,” and guaranteed that his financial rescue plan would help “stop foreclosures.” As president-elect, Obama informed us that he had asked two of his top economic advisers, Christina Romer and Jared Bernstein, to conduct a “rigorous analysis” of his economic recovery plan. The report that he released predicted unemployment would not rise above 8 percent if the stimulus plan was passed. And in the first year of his presidency, Obama pledged to “cut the deficit we inherited in half by the end of my first term in office,” “lift two million Americans from poverty,” and “jolt our economy back to life.”

Another Solyndra in the Making? - 5 million new energy jobs eh? 

Having already received $249 million in federal money, advanced battery maker A123 Systems has just five months of cash left to burn.

Another MF Global in the making?  - Missing $220 million??? - Prominent Cedar Falls businessman hospitalized after suicide attempt 

Another MF Global incident may be looming in the horizon. A small futures brokerage is freezing client funds after its owner attempted suicide, according to a press release on the brokerage’s website. PFGBest, a Cedar Rapids, Iowa-based broker with about $400 million in client-segregated funds at the end of April, moved customer accounts into liquidation status while the company investigates “accounting irregularities.”

 Obama: Most People “Would Acknowledge That I’ve Tried Real Hard” - video 

Here is the question - Should we re-elect someone because they’ve tried hard or because they’ve been successful?

The Single Most Accurate Indicator of Labor Market Health

China boosts state firms as entrepreneurs struggle - Obama’s dream…

“I am disappointed at the situation in China,” he said. “This is unfair.”

Today’s state companies and their relationship to the private sector have changed drastically from the era of central planning.

Beijing cut back state industry in the late 1990s, wiping out tens of millions of jobs. Then a new generation of leaders began in 2005 to build up elite companies such as oil giant PetroChina Ltd., phone carrier China Mobile Ltd. (CHL) (CHL) and Bank of China Ltd. to control industries deemed strategic.

State companies benefit from monopolies, low-cost bank loans, free land and other favors. Instead of competing with private companies, state firms extract money from them by controlling access to oil, electric power, phone service and other essential resources.

Obama’s transportation secretary hails Chinese infrastructure - If a Chinese official makes a statement praising some other countries way of doing business, he would be executed for a treason

U.S. Transportation Secretary Ray LaHood argued Saturday that China outpaces the United States in building major transportation infrastructure like high-speed rail because of its authoritarian system and because the Chinese don’t have the Republican Party holding up progress.

“The Chinese are more successful [in building infrastructure] because in their country, only three people make the decision. In our country, 3,000 people do, 3 million,” LaHood said in a short interview with The Cable on the sidelines of the 2012 Aspen Ideas Festival on June 30. “In a country where only three people make the decision, they can decide where to put their rail line, get the money, and do it. We don’t do it that way in America.”

LaHood said that despite this, democracy is still preferable. “We have the best system of government anywhere on the planet. It is the best. Because the people have their say,” he said.

Transportation Secretary: Without Obama ‘No One Would Have Ever Predicted’ Lexus Hybrids– Which Debuted in ‘04 -LOL that’s one stupid transportation secretary. Can you imagine, if it was only him and two other bureaucrats,  that  managed the American infrastructure? (look the article above) America would have been in ruins long ago…

Transportation Secretary Ray LaHood has credited the Obama administration’s work on fuel standards for having “jump started” the development of Lexus hybrids, even though the company debuted its SUV hybrid in 2004.

Oops; U.S. “Overpaid” $14 Bil In Jobless Benefits -The looting of America continues,  not only by the big crony capitalist and bankers, but also by illegal aliens and jail inmates

Corruption has plagued the nation’s out-of-control jobless benefits program for some time and the problem has only gotten worse under the Obama Administration. As far back as 2010, there were reports of unemployment checks going out to illegal immigrants in at least one state as well as other unqualified legal residents and citizens.

Earlier this year a mainstream newspaper reported the unbelievable story of a convicted murderer who for years collected unemployment benefits from jail. In all, the felon, a gangbanger, raked in more than $30,000 in unemployment benefits from 2008 to 2010 while incarcerated in California. When his contacts cashed the $1,600 monthly checks they would deposit a portion into his jail account and he would share some of the money with his fellow jailed gang members.

Unthinkable, Predictable Disasters - 

The disintegration of the euro, like America’s entitlement bomb, is both unfathomable and inevitable.

You can’t plan for disasters by refusing to talk about them

Santel and Farage  - Euro Titanic Hits The Iceberg 

PUNK ECONOMICS 5: THE WORLD SLOWS & EURO CRISIS FAR FROM OVER

Raising Minimum Wage: A Help Or Harm? - I agree…

Bill Dunkelberg, chief economist for the National Federation of Independent Businesses, a group that lobbies against increasing the minimum wage, says that every dollar an employee gets comes out of somebody’s pocket. He says it’s not logical that raising the minimum wage will add more spending money to the economy.

“It’s not the job of businesses to turn themselves into social service providers and pay in excess of value to the firm,” Dunkelberg says. “We do have something called the earned income tax credit, where we provide supplemental income to people who are working but need more money.”

The 11 Ways That Consumers Are Hopeless at Math

This is your brain on shopping, and it’s not very smart….

My 17 hours of hell at hospital where a patient died of thirst: Left unattended in agony, one writer’s account of her ordeal at an NHS ‘centre of excellence’ - A must read about the UK NHS and what is coming to America. Read the horror story and how well the “free” health care works in real life

Last summer, I sought help  at St George’s A&E one Saturday after my skin broke out in angry blisters. After a four-hour wait, a female doctor looked at my weeping skin and said: ‘Dermatology is not an emergency at weekends.’

As I begged her to help, she barked: ‘You seem very agitated. I think you need to see  a psychiatrist.’

I walked out and went to a  private hospital where, for £100, a doctor diagnosed a nasty form of eczema and put me on steroids.

I vowed then never to go back to St George’s. But when I collapsed in agony one Sunday night in May, my boyfriend had little choice but to call 999…..

Hospitals ‘letting patients die to save money’ - That only can happen in America, right?…Nope! It is in the UK again. The land of the free healthcare and home of the sick no one cares for…. 

Dr Gillian Craig, a retired geriatrician and former vice-chairman of the Medical Ethics Alliance, is one of the six signatories to The Daily Telegraph letter.

“If you are cynical about it, as I am, you can see it as a cost-cutting measure, if you don’t want your beds to be filled with old people,” she said. She advised that those who did not want to be put on the pathway should carry cards made by Dr Rosalind Bearcroft, a consultant psychiatrist from Kent, and another signatory.

83 percent of doctors have considered quitting over Obamacare

Eighty-three percent of American physicians have considered leaving their practices over President Barack Obama’s health care reform law, according to a survey released by the Doctor Patient Medical Association.

The DPMA, a non-partisan association of doctors and patients, surveyed a random selection of 699 doctors nationwide. The survey found that the majority have thought about bailing out of their careers over the legislation, which was upheld last month by the Supreme Court.

Even if doctors do not quit their jobs over the ruling, America will face a shortage of at least 90,000 doctors by 2020. The new health care law increases demand for physicians by expanding insurance coverage. This change will exacerbate the current shortage as more Americans live past 65.

By 2025 the shortage will balloon to over 130,000, Len Marquez, the director of government relations at the American Association of Medical Colleges, told The Daily Caller.

The tax man cometh to police you on health care

The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2 1/2 years, when they’ll have to start providing proof on their tax returns that they have health insurance.

That scenario puts the Internal Revenue Service at the center of the debate, renewing questions about whether the agency is capable of policing the health care decisions of millions of people in the United States while also collecting the taxes needed to run the federal government.

VN:F [1.9.22_1171]
Rating: 4.5/5 (2 votes cast)
VN:F [1.9.22_1171]
Rating: +2 (from 2 votes)
More on this topic (What's this?)
Student Loans are a Greater Burden
Want Positive Change? - Recognize Reality
The College Loan Bubble
An Education Solution to Low Wage Jobs
Read more on Education in the US at Wikinvest

What Do Oil Lobbyists, Garbage Men, Bus Drivers And Janitors All Have In Common? Answer: The Obama Admin Counts Them As “Green Jobs”…

By: admin
Published: June 8th, 2012

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
VN:F [1.9.22_1171]
Rating: +1 (from 1 vote)

The Weight of a Nation

By: admin
Published: May 10th, 2012

Fat Future: 42% of Americans May Be Obese by 2030

By 2030, 42% of Americans will be obese and 11% of Americans will be severely obese, Duke University and CDC researchers predict.

These shocking numbers actually are conservative, note study researchers Eric A. Finkelstein, PhD, and colleagues.

Finkelstein’s team based its calculations on self-reportedweight and height from people participating in the CDC’s Behavioral Risk Factor Surveillance System. Obesity is defined by body mass index (BMI). People tend to underestimate their weight and overestimate their height. The researchers corrected for this. They also factored in state-by-state trends in factors affecting obesity, such as the number of fast-food restaurants per person and the cost of unhealthy, calorie-dense foods vs. healthy foods.

Check out the trailer for HBO’s documentary ‘The Weight of a Nation’

America’s Hidden 8% VAT: Sickcare 

From Of Two Minds 

by Charles Hugh Smith

American sickcare is sick for a number of reasons. One is that it is highly profitable to manage chronic lifestyle diseases such as heart disease and diabetes, while it is essentially profitless to encourage healthy lifestyles based on diet, fitness and positive mental health practices.

As a result, sickcare has zero interest (other than lip-service) in fostering (or emphasizing) prevention or in providing an integrated system of health which starts with what we do and eat every day.

This chart describes a few of the causal factors:

It’s also highly profitable to turn people into couch-potato media addicts who are also hooked on sugary, fatty, salty snacks, fast food and packaged food. Convincing people a handful of pills is all they need to restore health is also highly profitable.

The U.S. has seemingly intractable lifestyle-related health issues that sickcare simply isn’t dealing with effectively; it can even be argued that sickcare is actively making the problems worse in a multitude of structural ways. 86% of Workers Are Obese or Have Other Health Issue Just 1 in 7 U.S. workers is of normal weight without a chronic health problem.

If you don’t think chronic ill-health and the 8% sickcare VAT is a threat to national security, please consider this slideshow map of the U.S. which depicts the obesity epidemic on a state-by-state basis:

Centers for Disease Control, U.S. Obesity Trends 1985-2007

Here’s the key question: what else could we do with the $1 trillion that we currently squander every year on fraud, paper-pushing, duplicate/useless tests, highly addicitive prescription drugs, etc.? That $1 trillion is the 8% sickcare VAT. That’s enough to reduce the Federal deficit to a manageable level.

The second question is: is there a more effective way to spend the other $1.5 trillion we spend on healthcare? Answer: obviously yes. We could start by understanding health is integrated with lifestyle, diet, fitness and our environment, and that relying on quasi-monopolistic cartels and Federal agencies to provide “solutions” is what got us in this quagmire in the first place.

Our national security and fiscal viability both depend on radically transforming sickcare before it brings down the nation.

Read the entire article here… 

and

here is more data, statistics ,trends and graphs at the CDC web page

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Do the Wealthy Work Harder Than the Rest?

By: admin
Published: April 30th, 2012

From WSJ
By Robert Frank

One of the most controversial issues surrounding inequality is work effort.  Some on the right argue that  top earners are successful in part because they work harder than others. Many on the left argue that the middle class and poor work just as hard – maybe even harder, with multiple jobs — but that the economic deck is stacked against them.

A new study offers evidence  that higher-educated (and therefore higher-earning)  Americans do indeed spend more time working and less time on leisure than poorer income groups. In fact, while income inequality may be growing, “leisure inequality” – time spent on enjoyment – is growing as a mirror image, with the low earners gaining leisure and the high earners losing.

The paper, by Orazio Attanasio, Erik Hurst and Luigi Pistaferri, finds that both income inequality and consumption inequality (the stuff that people buy) have increased over the past 20 years.

The more surprising discovery, however, is a corresponding leisure gap has opened up between the highly-educated and less-educated.  Low-educated men saw their leisure hours grow to 39.1 hours in 2003-2007, from 36.6 hours in 1985. Highly-educated men saw their leisure hours shrink to 33.2 hours from 34.4 hours.  (Mr. Hurst says that education levels are a “proxy” for incomes, since they tend to correspond).

read the rest here

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

‘This Is Not a Recovery at All’: Stanford’s Lazear

By: admin
Published: April 29th, 2012

The U.S. economy grew at a rate of 2.4 percent since the second half of 2009, which hardly represents a comeback, Stanford University economics professor Ed Lazear said Wednesday.

“The problem is, this is not a recovery at all,” he said on CNBC’s “The Kudlow Report.” “We haven’t made up for the lost ground, and that’s unprecedented.”

Lazear, who also chaired President George W. Bush’s Council of Economic Advisers from 2006 to 2009, authored a Wall Street Journal op-ed piece this week, titled, “The Worst Economic Recovery in History,” in which he used historical data to argue that the current period of growth is anemic at best.

In the article, Lazear writes: “The Great Depression started with major economic contractions in 1930, ’31, ‘32 and ‘33. In the three following years, the economy rebounded strongly with growth rates of 11 percent, 9 percent and 13 percent, respectively.”

……………………………………

Lazear noted that the Dow was near 14,000 pre-recession and now struggles to maintain 13,000.

“It’s four years later,” he said. “We should be is approximately 12 percent better, and we’re not.”

Lazear laid blame for the economic sluggishness with the Obama administration’s policies on trade, taxes, regulation and health care, all of which “have not been conducive to business growth.”

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Recent Entries

Recent Comments

Social Network









the Cynical Economist at Blogged
Wikio - Top Blogs
Share Add to Technorati Favorites http://www.wikio.com TopOfBlogs