Daily Digest

Daily Digest 12/3 - Politics In America, One Nation Under Arms, How GDP Is Linked To CO2 Emissions

Saturday, December 3, 2011, 10:42 AM
  • Politics In America
  • Private Sector Job Growth Accelerates, Report Shows
  • One Nation, Under Arms
  • Outsourcing Giant Finds It Must Be Client, Too
  • Occupy Protestors Mobilize For Obama's Visit
  • Camps Are Cleared, but ‘99 Percent’ Still Occupies the Lexicon
  • How GDP Is Linked To CO2 Emissions

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Economy

Politics In America (June C.)

http://www.youtube.com/watch?feature=player_embedded&v=wUPC9OZVZHs

Private Sector Job Growth Accelerates, Report Shows (jdargis)

Janet Yellen, the vice chair of the U.S. Federal Reserve, said earlier in the week the central bank still has room to ease monetary policy further. The Fed has bought more than $2 trillion in long-term securities in efforts to boost the economy.

One Nation, Under Arms (jdargis)

In December 1992, in a private diary entry on the American mission to Somalia, Kennan wrote, “The dispatch of American armed forces to a seat of operations in a place far from our own shores, and this for what is actually a major police action in another country and in a situation where no defensible American interest is involved—this, obviously, is something that the Founding Fathers of this country never envisaged or would ever have approved. If this is in the American tradition, then it is a very recent tradition.”

Outsourcing Giant Finds It Must Be Client, Too (jdargis)

The practice highlights a fundamental tension between India’s socialist past and a new freewheeling, private sector that is increasingly powering the economy while chafing at what many companies say are laws so protective of workers that they blunt hiring and stifle growth.

Occupy Protestors Mobilize For Obama's Visit (jdargis)

Demonstrators held signs that leveled some of the Occupy protest’s most pointed criticism to date of the president. “Obama is a corporate puppet,” one said. “War crimes must be stopped, no matter who does them,” read another, beside head shots of President George W. Bush and President Obama.

One man, wearing a mask of the president’s face and holding a cigar, carried a sign that read, “I sold out!”

Camps Are Cleared, but ‘99 Percent’ Still Occupies the Lexicon (jdargis)

Within weeks of the first encampment in Zuccotti Park in New York, politicians seized on the phrase. Democrats in Congress began to invoke the “99 percent” to press for passage of President Obama’s jobs act — but also to pursue action on mine safety, Internet access rules and voter identification laws, among others. Republicans pushed back, accusing protesters and their supporters of class warfare; Newt Gingrich this week called the “concept of the 99 and the 1” both divisive and “un-American.”

How GDP Is Linked To CO2 Emissions (James S.)

In a recent post, I discovered something rather alarming - the fact that in the last decade (2000 to 2010) both world energy consumption and the CO2 emissions from this energy consumption were rising as fast as GDP for the world as a whole. This relationship is especially strange, because prior to 2000, it appeared as though decoupling was taking place: GDP was growing more rapidly than energy use and CO2 emissions. And even after 2000, many countries continued to report decoupling.

I decided to sift through individual country results, to see if I could see a pattern emerging behind these changing results. When I did this, I found three major groupings of countries:

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3 Comments

r's picture
r
Status: Gold Member (Offline)
Joined: Oct 2 2008
Posts: 262
America's next TARP model

From the Daily Show a funny story about $7.7T:

http://www.thedailyshow.com/watch/thu-december-1-2011/america-s-next-tar...

Still no good at embedding videos.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4060
A little more info on the jobs report

 

"In the United States, about 13.3 million people are counted as unemployed. Private employers added 140,000 jobs in November, while governments shed 20,000. Governments at all level have cut almost a half-million jobs this year.

More than half the jobs added last month were by retailers, restaurants and bars. Professional and business services also rose. Those tend to be higher-paying jobs -- engineers, accountants and high-tech workers.

Still, more than 300,000 people stopped their job searches last month, so they were no longer officially counted as unemployed. That accounts for some of the drop in the unemployment rate.

The so-called underemployment rate, which counts people who have given up looking and people who are working part-time but want full-time jobs, did fall -- to 15.6 percent from 16.2 percent.

But even with the recent gains, the economy isn't close to replacing the jobs lost in the recession. Employers began shedding workers in February 2008 and cut nearly 8.7 million jobs for the next 25 months. The economy has regained about 2.5 million.

And most people aren't getting raises. Average hourly pay slipped 2 cents last month to $23.18. In the past year, wages have risen 1.8 percent, but inflation has risen twice as fast, eroding buying power."

 

Average (Mean) Duration of Unemployment (UEMPMEAN)

 

Civilian Participation Rate (CIVPART)

 

 

 Median Duration of Unemployment (UEMPMED)

 

All Employees: Manufacturing (MANEMP)

 

 Average Weeks Unemployed (LNU03008275)

 

 All Employees: Construction (USCONS)

 

 

Of Total Unemployed, Percent Unemployed 27 Weeks and Over (LNS13025703)

 http://research.stlouisfed.org/fred2/data/LNS13025703_Max_630_378.png

 Civilian Employment-Population Ratio (EMRATIO)

All Employees: Nondurable goods (NDMANEMP)

 

Happy days are here again!:

 A bit of hope in the U.S. job market
 

Job seekers, analysts get long-awaited positive news
 

US jobs data offers hope for Obama
 

Markets on the up after good news on US jobs
 

Jobless Rate Nears Three-Year Low
 

Jobless dip boosts recovery hopes
 

Report: US added 120000 jobs in November
 

Obama Praises Jobs Report, Repeats Call for Payroll Tax Cut Extension
 

Encouraging News on Jobs and Joblessness

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1428
Private Sector Job Growth Accelerates, Report Shows

ADP counts number of jobs, House Survey counts persons employed, some persons have more than one job.   Many of the new ADP jobs are part time.   Over 300K thrown off the "Those Looking for Work Bus".   Those thrown off are still drawing federal and state benefits.  How is this good for the economy?

The same behavior that led to the largest financial crisis in history continues in our social media.  Led Sheep still heading for cliff.

Regarding the BW article, it states we need 125K jobs to stay even with population/worker growth (i.e. keep unemploymnet rate the same).  Wow!  Wasn't it recently 250K and before that 350K and before that 400K?   I guess a bunch of ~ 17 year-olds put a bullet in their collective heads and no one migrates to the USA anymore.   What is the number on the "Uncounted" (those who could work but are not counted for various reasons)  now?  20 Million or more?

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