more here:
http://arstechnica.com/business/2014/11/obama-urges-fcc-to-regulate-broadband-as-a-utility/
The Agenda doesn't stop because a few people voted.
-SpydaT3K
Monday, November 10, 2014
Obama: Treat broadband—including mobile—as a utility
I'm just going to leave this right here:
more here:
http://arstechnica.com/business/2014/11/obama-urges-fcc-to-regulate-broadband-as-a-utility/
The Agenda doesn't stop because a few people voted.
-SpydaT3K
more here:
http://arstechnica.com/business/2014/11/obama-urges-fcc-to-regulate-broadband-as-a-utility/
The Agenda doesn't stop because a few people voted.
-SpydaT3K
Jet crash in Bahamas kills 9; Myles Munroe reportedly among the dead
I'll have to dig into this later, in the meantime, here's the breaking video on this:
Jet crash in Bahamas kills 9; Myles Munroe reportedly among the dead
By Susanna Capelouto and Dave Alsup, CNN
updated 7:53 AM EST, Mon November 10, 2014
http://www.cnn.com/2014/11/09/world/americas/bahamas-plane-crash/index.html
comments:
https://www.facebook.com/video.php?v=10153047132801509
Jet crash in Bahamas kills 9; Myles Munroe reportedly among the dead
By Susanna Capelouto and Dave Alsup, CNN
updated 7:53 AM EST, Mon November 10, 2014
http://www.cnn.com/2014/11/09/world/americas/bahamas-plane-crash/index.html
comments:
https://www.facebook.com/video.php?v=10153047132801509
Jesuit Pope Demotes Bishop
Pope Francis has been cleaning house of those who are longer fit to push the agenda. He's already fired Vatican bankers, which should make clear to anyone thinking the Bankers are the ones running the show.
=================================================
Pope Francis reassigns conservative American cardinal
By Mariano Castillo, CNN
updated 7:16 PM EST, Sun November 9, 2014
Pope Francis greets the crowd as he arrives for his general audience at St. Peter's Square at the Vatican on Wednesday, October 8. With his penchant for crowd-pleasing and spontaneous acts of compassion, the Pope has earned high praise from fellow Catholics and others since he replaced Pope Benedict XVI in March 2013.
(CNN) -- Pope Francis has reassigned a conservative American cardinal from a key post to one that is mostly symbolic.
Cardinal Raymond Burke, a leading conservative, has been vocal in his criticism of the direction the Pope is leading the Catholic Church in.
Burke was one of the highest ranking Americans in the church hierarchy in his position on the Vatican's supreme court. But he was reassigned to the position of Patron of the Order of Malta, the Vatican announced on Saturday. The National Catholic Reporter points out that Burke's new post is a job that "has almost no responsibilities."
The Vatican did not give a reason for the demotion.
The change, however, was not unexpected. Last month, Burke himself said he had been ousted from the Vatican's high court.
Burke has been outspoken about his opposition to Pope Francis' move toward more openness and inclusiveness of gays and lesbians.
"The Pope is not free to change the church's teachings with regard to the immorality of homosexual acts or the insolubility of marriage or any other doctrine of the faith," Burke told Buzzfeed recently.
When a recent draft report included a call for the church to be more welcoming to gays, Burke said the report "lacks a solid foundation in the sacred Scriptures."
Subsequently, some of the language on the "gifts and qualities" that gay people can bring to the church was removed from the report.
The Pope has appointed moderates in several big dioceses, including in Chicago earlier this fall, and he's removed some archconservatives from their posts.
more images, here:
http://www.cnn.com/2014/11/09/world/europe/pope-francis-reassigns-conservative-cardinal/index.html
=================================================
Here's the New Normal:
Pope Francis on gays: 'Who am I to judge?'
July 29th, 2013
08:48 AM ET
By John L. Allen Jr. and Hada Messia, CNN
Aboard the Papal Airplane (CNN) - Pope Francis said Monday that he will not "judge" gays and lesbians, including gay priests, signaling a shift from his predecessor and offering another sign that the new pope is committed to changing the church's approach to historically marginalized groups.
“If someone is gay and he searches for the Lord and has good will, who am I to judge?” Francis said in a wide-ranging news conference aboard the papal plane.
Though he was answering a question about the so-called "gay lobby" at the Vatican, the pope indicated a change in tone, if not in teaching, in the church's stance towards gays and lesbians more generally.
The pope was flying back to Rome from Brazil, where he spent the past week celebrating World Youth Day, an international Catholic event that drew millions.
Taking questions from reporters aboard the plane, the pope addressed nearly every hot-button issue facing the Roman Catholic Church: its alleged "gay lobby," Vatican bank corruption, the role of women, abortion, homosexuality and his own personal security.
But it was the pope's remarks on homosexuality - the fact that the head of a 1 billion-member church said that it's not his place to judge gays - that caused the widest stir.
"Pope Francis's brief comment on gays reveals great mercy," said the Rev. James Martin, a Jesuit priest and editor at America, a Catholic magazine based in New York.
"Today Pope Francis has, once again, lived out the Gospel message of compassion for everyone," Martin said.
The pontiff spoke for an hour and a half in the back of the plane that was carrying him back to Italy after his first international trip as pope to Brazil, where he was greeted by massive, frenzied crowds at every turn.
"I'm happy. It has been a beautiful trip, spiritually speaking; it has been good to me. I'm tired enough but with a heart full of joy," he said.
Here are the highlights from his press conference.
On the 'gay lobby' and homosexuality
The pope addressed the issue of an alleged "gay lobby" within the church. Hints that the Holy See contained a network of gay clergy surfaced last year in reports about a series of embarrassing leaks to Italian journalists.
The "Vatileaks" scandal factored in Benedict's shocking decision to resign this year, according to some church experts, as it impressed upon the 86-year-old pontiff that the modern papacy requires a vigorous and watchful presence.
"There's a lot of talk about the gay lobby, but I've never seen it on the Vatican ID card!" Francis said.
"When I meet a gay person, I have to distinguish between their being gay and being part of a lobby. If they accept the Lord and have goodwill, who am I to judge them? They shouldn't be marginalized. The tendency (to homosexuality) is not the problem ... they're our brothers."
The problem, he said was, lobbies that work against the interest of the church.
In 2005, during the papacy of Pope Benedict XVI, the Vatican issued directives barring from the priesthood men "who are actively homosexual, have deep-seated homosexual tendencies, or support the so-called 'gay culture.'"
Francis' brief remarks seem to signal a sharp shift from that policy.
On women
The pope also spoke out about the role of women in the church, saying it needs to be deeper and not end. But he brushed aside the possibility of ordaining women as priests, saying the church had spoken on the matter: "The church says no. That door is closed." He did say that more work needed to be done theologically on the role of women in the church.
On abortion
Pope watchers have noted that Francis said little to nothing about abortion on his trip to Brazil. Abortion is illegal in Brazil, except for cases in which the health of the mother is at risk. Laws were recently changed to allow abortions in cases in which the child would be born with certain life-threatening birth defects.
The pope said he had nothing to say on the trip about abortion because the church teachings against it were clear and this trip was the time for "positive" news.
On divorce
"I believe this is a time of mercy, a change of epoch," the pope said when asked about divorce. He said the group of eight cardinals tasked with reform will explore the issue of whether divorcees can receive Communion, which they are currently barred from doing.
On the Vatican Bank
The pope conceded he was unsure what to do with the Vatican Bank, which is known by its acronym IOR.
"Some say that it would be better if it were a bank, others say that it should be a foundation. Other say to shut it down. These are the suggestions going around. I don't know. I trust the commission's members that are working on the IOR. But I wouldn't be able to tell you how this story is going to end."
And as for what was in the black leather bag he carried onto the plane? A razor, a prayer book, a diary and a book about St. Theresa, but, the pope joked, "Certainly not the keys to the atomic bomb!"
He said he carried his own bags because, "It's normal, we have to be normal. We have to be accustomed to being normal."
more images here:
http://religion.blogs.cnn.com/2013/07/29/pope-francis-on-gays-who-am-i-to-judge/
=================================================
=================================================
Pope Francis reassigns conservative American cardinal
By Mariano Castillo, CNN
updated 7:16 PM EST, Sun November 9, 2014
Pope Francis greets the crowd as he arrives for his general audience at St. Peter's Square at the Vatican on Wednesday, October 8. With his penchant for crowd-pleasing and spontaneous acts of compassion, the Pope has earned high praise from fellow Catholics and others since he replaced Pope Benedict XVI in March 2013.
(CNN) -- Pope Francis has reassigned a conservative American cardinal from a key post to one that is mostly symbolic.
Cardinal Raymond Burke, a leading conservative, has been vocal in his criticism of the direction the Pope is leading the Catholic Church in.
Burke was one of the highest ranking Americans in the church hierarchy in his position on the Vatican's supreme court. But he was reassigned to the position of Patron of the Order of Malta, the Vatican announced on Saturday. The National Catholic Reporter points out that Burke's new post is a job that "has almost no responsibilities."
The Vatican did not give a reason for the demotion.
The change, however, was not unexpected. Last month, Burke himself said he had been ousted from the Vatican's high court.
Burke has been outspoken about his opposition to Pope Francis' move toward more openness and inclusiveness of gays and lesbians.
"The Pope is not free to change the church's teachings with regard to the immorality of homosexual acts or the insolubility of marriage or any other doctrine of the faith," Burke told Buzzfeed recently.
When a recent draft report included a call for the church to be more welcoming to gays, Burke said the report "lacks a solid foundation in the sacred Scriptures."
Subsequently, some of the language on the "gifts and qualities" that gay people can bring to the church was removed from the report.
The Pope has appointed moderates in several big dioceses, including in Chicago earlier this fall, and he's removed some archconservatives from their posts.
more images, here:
http://www.cnn.com/2014/11/09/world/europe/pope-francis-reassigns-conservative-cardinal/index.html
=================================================
Here's the New Normal:
Pope Francis on gays: 'Who am I to judge?'
July 29th, 2013
08:48 AM ET
By John L. Allen Jr. and Hada Messia, CNN
Aboard the Papal Airplane (CNN) - Pope Francis said Monday that he will not "judge" gays and lesbians, including gay priests, signaling a shift from his predecessor and offering another sign that the new pope is committed to changing the church's approach to historically marginalized groups.
“If someone is gay and he searches for the Lord and has good will, who am I to judge?” Francis said in a wide-ranging news conference aboard the papal plane.
Though he was answering a question about the so-called "gay lobby" at the Vatican, the pope indicated a change in tone, if not in teaching, in the church's stance towards gays and lesbians more generally.
The pope was flying back to Rome from Brazil, where he spent the past week celebrating World Youth Day, an international Catholic event that drew millions.
Taking questions from reporters aboard the plane, the pope addressed nearly every hot-button issue facing the Roman Catholic Church: its alleged "gay lobby," Vatican bank corruption, the role of women, abortion, homosexuality and his own personal security.
But it was the pope's remarks on homosexuality - the fact that the head of a 1 billion-member church said that it's not his place to judge gays - that caused the widest stir.
"Pope Francis's brief comment on gays reveals great mercy," said the Rev. James Martin, a Jesuit priest and editor at America, a Catholic magazine based in New York.
"Today Pope Francis has, once again, lived out the Gospel message of compassion for everyone," Martin said.
The pontiff spoke for an hour and a half in the back of the plane that was carrying him back to Italy after his first international trip as pope to Brazil, where he was greeted by massive, frenzied crowds at every turn.
"I'm happy. It has been a beautiful trip, spiritually speaking; it has been good to me. I'm tired enough but with a heart full of joy," he said.
Here are the highlights from his press conference.
On the 'gay lobby' and homosexuality
The pope addressed the issue of an alleged "gay lobby" within the church. Hints that the Holy See contained a network of gay clergy surfaced last year in reports about a series of embarrassing leaks to Italian journalists.
The "Vatileaks" scandal factored in Benedict's shocking decision to resign this year, according to some church experts, as it impressed upon the 86-year-old pontiff that the modern papacy requires a vigorous and watchful presence.
"There's a lot of talk about the gay lobby, but I've never seen it on the Vatican ID card!" Francis said.
"When I meet a gay person, I have to distinguish between their being gay and being part of a lobby. If they accept the Lord and have goodwill, who am I to judge them? They shouldn't be marginalized. The tendency (to homosexuality) is not the problem ... they're our brothers."
The problem, he said was, lobbies that work against the interest of the church.
In 2005, during the papacy of Pope Benedict XVI, the Vatican issued directives barring from the priesthood men "who are actively homosexual, have deep-seated homosexual tendencies, or support the so-called 'gay culture.'"
Francis' brief remarks seem to signal a sharp shift from that policy.
On women
The pope also spoke out about the role of women in the church, saying it needs to be deeper and not end. But he brushed aside the possibility of ordaining women as priests, saying the church had spoken on the matter: "The church says no. That door is closed." He did say that more work needed to be done theologically on the role of women in the church.
On abortion
Pope watchers have noted that Francis said little to nothing about abortion on his trip to Brazil. Abortion is illegal in Brazil, except for cases in which the health of the mother is at risk. Laws were recently changed to allow abortions in cases in which the child would be born with certain life-threatening birth defects.
The pope said he had nothing to say on the trip about abortion because the church teachings against it were clear and this trip was the time for "positive" news.
On divorce
"I believe this is a time of mercy, a change of epoch," the pope said when asked about divorce. He said the group of eight cardinals tasked with reform will explore the issue of whether divorcees can receive Communion, which they are currently barred from doing.
On the Vatican Bank
The pope conceded he was unsure what to do with the Vatican Bank, which is known by its acronym IOR.
"Some say that it would be better if it were a bank, others say that it should be a foundation. Other say to shut it down. These are the suggestions going around. I don't know. I trust the commission's members that are working on the IOR. But I wouldn't be able to tell you how this story is going to end."
And as for what was in the black leather bag he carried onto the plane? A razor, a prayer book, a diary and a book about St. Theresa, but, the pope joked, "Certainly not the keys to the atomic bomb!"
He said he carried his own bags because, "It's normal, we have to be normal. We have to be accustomed to being normal."
more images here:
http://religion.blogs.cnn.com/2013/07/29/pope-francis-on-gays-who-am-i-to-judge/
=================================================
Friday, November 7, 2014
1500 Troops
Today:
Obama Deploys Up to 1,500 More Troops to Iraq
President Barack Obama on Friday authorized the deployment of up to 1,500 more troops to Iraq in an expansion of the American fight against ISIS militants, the Pentagon said.
If all 1,500 are deployed, it would almost double the American presence in Iraq. The troops will serve in a non-combat role, expanding the U.S. mission of training and advising Iraqi forces, the Pentagon said.
That will include helping Iraqi forces in the highly volatile section of Anbar Province mostly under ISIS control, sources told NBC News.
Defense Secretary Chuck Hagel recommended the additional troops, said Rear Adm. John Kirby, a Pentagon spokesman.
U.S. Central Command will also establish centers to train 12 Iraqi brigades, nine from the Iraqi army and three from the Kurdish security forces, the Pentagon said.
Rep. Buck McKeon, R-Calif. and the chairman of the House Armed Services Committee, gave a qualified welcome to reports that Obama was planning to ask for more money for the fight.
“I remain concerned that the president’s strategy to defeat ISIL is insufficient,” he said, using another acronym for ISIS. “I would urge the president to reconsider his strategy and clearly explain how this additional funding supports a new direction. Such clarity is more likely to find swift congressional approval.”
here:
http://www.nbcnews.com/news/us-news/obama-deploys-1-500-more-troops-iraq-n243736
==================================================
Back then:
50 Years Later: Learning From The Bay Of Pigs
April 17, 2011 1:59 PM ET
Fifty years ago Sunday, a brigade of around 1,500 CIA-trained soldiers stormed the beach in Cuba's Bay of Pigs. It was the opening phase of a secret mission to overthrow Fidel Castro and, President John F. Kennedy hoped, halt the spread of communism throughout the world.
Things did not go as planned.
"I think the thing that you have to keep in mind when you ask yourself, 'How did this ever happen?' is the extraordinary fear of communism in the late 50s and early 60s," writer Jim Rasenberger tells NPR's Noah Adams.
In his new book, The Brilliant Disaster, Rasenberger suggests the debacle marked the start of the Vietnam era — before which, "it would have been a fairly skeptical or cynical American who doubted he lived in a country run by competent men, engaged in worthwhile enterprises."
more here:
http://www.npr.org/2011/04/17/135444482/50-years-later-learning-from-the-bay-of-pigs
==================================================
U.S. President John F. Kennedy visits West Berlin (June 26, 1963)
As a symbolic gesture of support, John F. Kennedy had sent his vice president, Lyndon B. Johnson, to Berlin after the Wall was built in August 1961. At the time, he had also ordered 1,500 troops to travel the Autobahn from West Germany to Berlin to reinforce the U.S. garrison already stationed there. In June 1963, the President made a personal visit to the city. On the occasion of Kennedy’s visit, East German border guards suspended large panels of red cloth from the Brandenburg Gate and mounted an English-language propaganda poster directly in front of it. The poster maintained that the denazification and demilitarization of Germany that had been called for in Yalta and Potsdam had only occurred in the GDR. After Kennedy had his photograph taken with West Berlin mayor Willy Brandt and Federal Chancellor Konrad Adenauer in front of the Wall, he delivered his famous “Ich bin ein Berliner” speech before Schöneberg City Hall. Photo by Will McBride.
here:
http://germanhistorydocs.ghi-dc.org/sub_image.cfm?image_id=2352
Obama Deploys Up to 1,500 More Troops to Iraq
President Barack Obama on Friday authorized the deployment of up to 1,500 more troops to Iraq in an expansion of the American fight against ISIS militants, the Pentagon said.
If all 1,500 are deployed, it would almost double the American presence in Iraq. The troops will serve in a non-combat role, expanding the U.S. mission of training and advising Iraqi forces, the Pentagon said.
That will include helping Iraqi forces in the highly volatile section of Anbar Province mostly under ISIS control, sources told NBC News.
Defense Secretary Chuck Hagel recommended the additional troops, said Rear Adm. John Kirby, a Pentagon spokesman.
U.S. Central Command will also establish centers to train 12 Iraqi brigades, nine from the Iraqi army and three from the Kurdish security forces, the Pentagon said.
Rep. Buck McKeon, R-Calif. and the chairman of the House Armed Services Committee, gave a qualified welcome to reports that Obama was planning to ask for more money for the fight.
“I remain concerned that the president’s strategy to defeat ISIL is insufficient,” he said, using another acronym for ISIS. “I would urge the president to reconsider his strategy and clearly explain how this additional funding supports a new direction. Such clarity is more likely to find swift congressional approval.”
here:
http://www.nbcnews.com/news/us-news/obama-deploys-1-500-more-troops-iraq-n243736
==================================================
Back then:
50 Years Later: Learning From The Bay Of Pigs
April 17, 2011 1:59 PM ET
Fifty years ago Sunday, a brigade of around 1,500 CIA-trained soldiers stormed the beach in Cuba's Bay of Pigs. It was the opening phase of a secret mission to overthrow Fidel Castro and, President John F. Kennedy hoped, halt the spread of communism throughout the world.
Things did not go as planned.
"I think the thing that you have to keep in mind when you ask yourself, 'How did this ever happen?' is the extraordinary fear of communism in the late 50s and early 60s," writer Jim Rasenberger tells NPR's Noah Adams.
In his new book, The Brilliant Disaster, Rasenberger suggests the debacle marked the start of the Vietnam era — before which, "it would have been a fairly skeptical or cynical American who doubted he lived in a country run by competent men, engaged in worthwhile enterprises."
more here:
http://www.npr.org/2011/04/17/135444482/50-years-later-learning-from-the-bay-of-pigs
==================================================
U.S. President John F. Kennedy visits West Berlin (June 26, 1963)
As a symbolic gesture of support, John F. Kennedy had sent his vice president, Lyndon B. Johnson, to Berlin after the Wall was built in August 1961. At the time, he had also ordered 1,500 troops to travel the Autobahn from West Germany to Berlin to reinforce the U.S. garrison already stationed there. In June 1963, the President made a personal visit to the city. On the occasion of Kennedy’s visit, East German border guards suspended large panels of red cloth from the Brandenburg Gate and mounted an English-language propaganda poster directly in front of it. The poster maintained that the denazification and demilitarization of Germany that had been called for in Yalta and Potsdam had only occurred in the GDR. After Kennedy had his photograph taken with West Berlin mayor Willy Brandt and Federal Chancellor Konrad Adenauer in front of the Wall, he delivered his famous “Ich bin ein Berliner” speech before Schöneberg City Hall. Photo by Will McBride.
here:
http://germanhistorydocs.ghi-dc.org/sub_image.cfm?image_id=2352
Market Update - 11.07.2014
I was unemployed/underemployed during a good chunk of the Bush Years.
Did that make it the Presidents fault?
No.
The Corporations choose to not hire , and choose to not pay more.
Prime Example:
Walmart
Revenue Increase US$ 476.294 billion (2014)[2]
Operating income Decrease US$ 26.872 billion (2014)[2]
Net income Decrease US$ 16.022 billion (2014)[2]
Total assets Increase US$ 204.751 billion (2014)[2]
Total equity Decrease US$ 81.339 billion (2014)[2]
http://en.wikipedia.org/wiki/Walmart
==================================================
Do you see that?
They have $204.751 billion in Total Assets, and $26.872 billion in Operating Income.
==================================================
The Wal-Mart Heirs Are Worth More Than Everyone in Your City Combined
October 7, 2014
by Josh Harkinson
Everybody knows that middle-class incomes have stagnated while those of the richest Americans have skyrocketed, but the trend is even more pronounced when you look at the relative fortunes of the super-duper rich. Consider the Wal-Mart heirs: Since 1983, their net worth has increased a staggering 6,700 percent. According to a report released last week by the union-backed Economic Policy Institute, here’s how many American families earning the median income it would have taken to match the Waltons’ wealth in a given year:
In 1983, the Walton family’s net worth was $2.15 billion, equivalent to the net worth of 61,992 average American families, about the population of…[1]
Peoria, Arizona
In 1989, the Walton family’s net worth was $9.42 billion, equivalent to the net worth of 200,434 average American families, about the population of…
Albuquerque, New Mexico
In 1992, the Walton family’s net worth was $23.8 billion, equivalent to the net worth of 536,631 average American families, about the population of…
San Antonio, Texas
In 1998, the Walton family’s net worth was $48 billion, equivalent to the net worth of 796,089 average American families, about the population of…
The State of New Mexico
In 2001, the Walton family’s net worth was $92.8 billion, equivalent to the net worth of 1,077,761 average American families, about the population of…
Chicago, Illinois
In 2010, the Walton family’s net worth was $89.5 billion, equivalent to the net worth of 1,157,827 average American families, about the population of…
The State of Arkansas
In 2013, the Walton family’s net worth was $144.7 billion, equivalent to the net worth of 1,782,020 average American families, about the population of…
The State of Louisiana
(1 Correction: An earlier version of this article confused families with individuals, causing an under-estimate of how many individuals’ net worth would equal that of the Waltons. Population equivalents in this story are based on the size of the average American family: 2.55 individuals.)
sources here:
http://billmoyers.com/2014/10/07/walmart-heirs-worth-everyone-city-combined/
==================================================
Why Wal-Mart can afford to give its workers a 50% raise
by Stephen Gandel @stephengandel
November 12, 2013, 3:27 PM EST
The world’s largest retailer is under fire for its low wages. But the numbers show it can easily pay more without tanking its stock.
FORTUNE — When a Wal-Mart executive boasted at a Goldman Sachs investor conference in September that 475,000 of the company’s U.S. store associates make more than $25,000 — meaning that a large portion of its 1.4 million workers in the U.S. make less — a long-simmering debate about the company’s wages boiled over. Last week, a large protest outside a California Wal-Mart store led to 50 arrests.
Fueling the anger, Payscale, a salary information site, estimates that Wal-Mart CEO Mike Duke’s 2012 pay of $23.2 million was 1,034 times more than the company’s average worker. Wal-Mart has called that figure inflated.
So how much should Wal-Mart WMT -0.01% pay its employees? To tackle that tricky question, I crunched a bunch of numbers and concluded this: Wal-Mart’s workers should get a 50% raise.
And get this: The company wouldn’t even have to disappoint Wall Street to pull it off. I’ll explain the math in detail below.
read here:
http://fortune.com/2013/11/12/why-wal-mart-can-afford-to-give-its-workers-a-50-raise/
==================================================
OK, now to Market News:
Jobs Report: U.S. Economy Added 214,000 Jobs In October, Unemployment Down To 5.8%
11/07/2014 @ 8:42AM
Friday morning The Bureau of Labor Statistics released a weaker than anticipated October jobs report but made significant positive revisions to its August and September readings. Employers added 214,000 jobs last month compared to the 230,000 or so economists were predicting. The unemployment rate, which is drawn from a different survey of households, ticked down from 5.9% to 5.8% the lowest level since the recession.
The already strong September payroll count was revised higher from plus 248,000 to plus 256,000. The once disappointing August number was also bumped higher from plus 180,000 to plus 203,000. Total employment gains in August and September were therefore 31,000 greater than what BLS — a division of the Department of Labor — previously reported. Average monthly gains for the 12 months leading up to October were 222,000. January is now the only month of 2014 with job gains below 200,000.
“It’s good. It’s consistent solid growth,” noted Rich Thompson, chief human resources officer at staffing firm Adecco Group North America following the report, pointing out that the economy has had 49 months in a row of job gains, the longest stretch since the 1930s. “Anytime you are over 200,000 that is good progress.”
Tara Sinclair, economics professor at George Washington University and economist at job search site Indeed.com, noted the revisions can be seen as positive sign for future employment and the economy at large. “When the economy is growing we tend to underestimate how quickly it’s growing,” she explained. “When we go back and get more data we revise upwards with that new information. The initial numbers that we are getting are in part estimates based on forecasting models following past patterns. If in the recent past we have been underestimating how fast the economy is growing there is evidence to suggest that pattern is going to continue for awhile.”
“This was a solid report that suggests ongoing health in the labor market,” wrote RBS U.S. Chief Economist Michelle Girard in a note on the report, “though no sign yet of a meaningful acceleration in the pace of improvement (however, given the recent strengthening in labor market indicators, we still think some strong numbers are coming). In our view, this data keeps the Fed on track to hike (not sooner, not later) in 2015 (our best guess remains June).” Last month the Federal Reserve ended its long time bond buying program and signaled an improving labor market outlook. The increasingly hawkish tone has led to some debate among Fed watchers on when the central bank will make its next policy move — raising interest rates.
more here:
http://www.forbes.com/sites/samanthasharf/2014/11/07/jobs-report-u-s-economy-added-214000-jobs-in-october-unemployment-down-to-5-8/
==================================================
11/07/2014 @ 9:05AM
Gold Sees Modest Boost Following Slightly Downbeat U.S. Jobs Data
(Kitco News) - Gold prices are modestly higher in the immediate aftermath of the much-anticipated U.S. employment report that did not quite meet market expectations. Prices hit a four-year low overnight. Short covering in the gold futures market and bargain hunting in the spot gold market are featured, following the recent strong selling pressure. December Comex gold was last up $4.80 at $1,147.40 an ounce. Spot gold was last quoted up $6.20 at $1,148.00. December Comex silver last traded up $0.057 at $15.47 an ounce.
Arguably the most important U.S. economic data point of the month saw Friday’s October employment report from the Labor Department produce a rise of 214,000 in non-farm payrolls. The key non-farm payrolls number was expected to come in at up around 230,000. The overall U.S. unemployment rate came in a 5.8% versus expectations of unchanged at last month’s 5.9%. The “whisper” in the market place was that the non-farm jobs number would be higher than the consensus forecast.
The dollar index sold off on the jobs report, most of which was just profit taking after hitting a four-year high on Thursday. The greenback weakness also aided the precious metals market bulls Friday morning.
more here:
http://www.forbes.com/sites/kitconews/2014/11/07/gold-sees-modest-boost-following-slightly-downbeat-u-s-jobs-data/
==================================================
It's not just government involved in the world problems:
Non-Government Organizations are involved as well.
Am I advocating Socialism by saying that Walmart and other Corporations should pay more?
No.
I'm only pointing out the clear corruption within our market.
Because of this corruption 'the problem', a solution has been presented:
-SpydaT3K
Did that make it the Presidents fault?
No.
The Corporations choose to not hire , and choose to not pay more.
Prime Example:
Walmart
Revenue Increase US$ 476.294 billion (2014)[2]
Operating income Decrease US$ 26.872 billion (2014)[2]
Net income Decrease US$ 16.022 billion (2014)[2]
Total assets Increase US$ 204.751 billion (2014)[2]
Total equity Decrease US$ 81.339 billion (2014)[2]
http://en.wikipedia.org/wiki/Walmart
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Do you see that?
They have $204.751 billion in Total Assets, and $26.872 billion in Operating Income.
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The Wal-Mart Heirs Are Worth More Than Everyone in Your City Combined
October 7, 2014
by Josh Harkinson
Everybody knows that middle-class incomes have stagnated while those of the richest Americans have skyrocketed, but the trend is even more pronounced when you look at the relative fortunes of the super-duper rich. Consider the Wal-Mart heirs: Since 1983, their net worth has increased a staggering 6,700 percent. According to a report released last week by the union-backed Economic Policy Institute, here’s how many American families earning the median income it would have taken to match the Waltons’ wealth in a given year:
In 1983, the Walton family’s net worth was $2.15 billion, equivalent to the net worth of 61,992 average American families, about the population of…[1]
Peoria, Arizona
In 1989, the Walton family’s net worth was $9.42 billion, equivalent to the net worth of 200,434 average American families, about the population of…
Albuquerque, New Mexico
In 1992, the Walton family’s net worth was $23.8 billion, equivalent to the net worth of 536,631 average American families, about the population of…
San Antonio, Texas
In 1998, the Walton family’s net worth was $48 billion, equivalent to the net worth of 796,089 average American families, about the population of…
The State of New Mexico
In 2001, the Walton family’s net worth was $92.8 billion, equivalent to the net worth of 1,077,761 average American families, about the population of…
Chicago, Illinois
In 2010, the Walton family’s net worth was $89.5 billion, equivalent to the net worth of 1,157,827 average American families, about the population of…
The State of Arkansas
In 2013, the Walton family’s net worth was $144.7 billion, equivalent to the net worth of 1,782,020 average American families, about the population of…
The State of Louisiana
(1 Correction: An earlier version of this article confused families with individuals, causing an under-estimate of how many individuals’ net worth would equal that of the Waltons. Population equivalents in this story are based on the size of the average American family: 2.55 individuals.)
sources here:
http://billmoyers.com/2014/10/07/walmart-heirs-worth-everyone-city-combined/
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Why Wal-Mart can afford to give its workers a 50% raise
by Stephen Gandel @stephengandel
November 12, 2013, 3:27 PM EST
The world’s largest retailer is under fire for its low wages. But the numbers show it can easily pay more without tanking its stock.
FORTUNE — When a Wal-Mart executive boasted at a Goldman Sachs investor conference in September that 475,000 of the company’s U.S. store associates make more than $25,000 — meaning that a large portion of its 1.4 million workers in the U.S. make less — a long-simmering debate about the company’s wages boiled over. Last week, a large protest outside a California Wal-Mart store led to 50 arrests.
Fueling the anger, Payscale, a salary information site, estimates that Wal-Mart CEO Mike Duke’s 2012 pay of $23.2 million was 1,034 times more than the company’s average worker. Wal-Mart has called that figure inflated.
So how much should Wal-Mart WMT -0.01% pay its employees? To tackle that tricky question, I crunched a bunch of numbers and concluded this: Wal-Mart’s workers should get a 50% raise.
And get this: The company wouldn’t even have to disappoint Wall Street to pull it off. I’ll explain the math in detail below.
read here:
http://fortune.com/2013/11/12/why-wal-mart-can-afford-to-give-its-workers-a-50-raise/
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OK, now to Market News:
Jobs Report: U.S. Economy Added 214,000 Jobs In October, Unemployment Down To 5.8%
11/07/2014 @ 8:42AM
Friday morning The Bureau of Labor Statistics released a weaker than anticipated October jobs report but made significant positive revisions to its August and September readings. Employers added 214,000 jobs last month compared to the 230,000 or so economists were predicting. The unemployment rate, which is drawn from a different survey of households, ticked down from 5.9% to 5.8% the lowest level since the recession.
The already strong September payroll count was revised higher from plus 248,000 to plus 256,000. The once disappointing August number was also bumped higher from plus 180,000 to plus 203,000. Total employment gains in August and September were therefore 31,000 greater than what BLS — a division of the Department of Labor — previously reported. Average monthly gains for the 12 months leading up to October were 222,000. January is now the only month of 2014 with job gains below 200,000.
“It’s good. It’s consistent solid growth,” noted Rich Thompson, chief human resources officer at staffing firm Adecco Group North America following the report, pointing out that the economy has had 49 months in a row of job gains, the longest stretch since the 1930s. “Anytime you are over 200,000 that is good progress.”
Tara Sinclair, economics professor at George Washington University and economist at job search site Indeed.com, noted the revisions can be seen as positive sign for future employment and the economy at large. “When the economy is growing we tend to underestimate how quickly it’s growing,” she explained. “When we go back and get more data we revise upwards with that new information. The initial numbers that we are getting are in part estimates based on forecasting models following past patterns. If in the recent past we have been underestimating how fast the economy is growing there is evidence to suggest that pattern is going to continue for awhile.”
“This was a solid report that suggests ongoing health in the labor market,” wrote RBS U.S. Chief Economist Michelle Girard in a note on the report, “though no sign yet of a meaningful acceleration in the pace of improvement (however, given the recent strengthening in labor market indicators, we still think some strong numbers are coming). In our view, this data keeps the Fed on track to hike (not sooner, not later) in 2015 (our best guess remains June).” Last month the Federal Reserve ended its long time bond buying program and signaled an improving labor market outlook. The increasingly hawkish tone has led to some debate among Fed watchers on when the central bank will make its next policy move — raising interest rates.
more here:
http://www.forbes.com/sites/samanthasharf/2014/11/07/jobs-report-u-s-economy-added-214000-jobs-in-october-unemployment-down-to-5-8/
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11/07/2014 @ 9:05AM
Gold Sees Modest Boost Following Slightly Downbeat U.S. Jobs Data
(Kitco News) - Gold prices are modestly higher in the immediate aftermath of the much-anticipated U.S. employment report that did not quite meet market expectations. Prices hit a four-year low overnight. Short covering in the gold futures market and bargain hunting in the spot gold market are featured, following the recent strong selling pressure. December Comex gold was last up $4.80 at $1,147.40 an ounce. Spot gold was last quoted up $6.20 at $1,148.00. December Comex silver last traded up $0.057 at $15.47 an ounce.
Arguably the most important U.S. economic data point of the month saw Friday’s October employment report from the Labor Department produce a rise of 214,000 in non-farm payrolls. The key non-farm payrolls number was expected to come in at up around 230,000. The overall U.S. unemployment rate came in a 5.8% versus expectations of unchanged at last month’s 5.9%. The “whisper” in the market place was that the non-farm jobs number would be higher than the consensus forecast.
The dollar index sold off on the jobs report, most of which was just profit taking after hitting a four-year high on Thursday. The greenback weakness also aided the precious metals market bulls Friday morning.
more here:
http://www.forbes.com/sites/kitconews/2014/11/07/gold-sees-modest-boost-following-slightly-downbeat-u-s-jobs-data/
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It's not just government involved in the world problems:
Non-Government Organizations are involved as well.
Am I advocating Socialism by saying that Walmart and other Corporations should pay more?
No.
I'm only pointing out the clear corruption within our market.
Because of this corruption 'the problem', a solution has been presented:
-SpydaT3K
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