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Jackson999

Jackson999
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  • Sarkozy: "Retirement at 60 and the 35-hour workweek were grave mistakes ... that we must repair ... France is paying a heavy price."  [View news story]
    Unemployment COSTS society money also!

    And no, I did not mean retiring at 55 but not collecting benefits until 65 or 70 or whatever.

    There are too many potential workers and not enough jobs due to advancing automation, offshoring, outsourcing, etc. What are people at the end of their working years supposed to do it they don't have a job or can't get one because they are over 55 YO?

    Society put them in the position and therefore, society has to eat the cost of supporting them.
    Dec 1, 2011. 01:42 PM | 1 Like Like |Link to Comment
  • AT&T (T) fires back at the FCC for its blistering report on the carrier's propsed $39B acquisition of T-Mobile (DTEGY.PK), criticizing the regulator for releasing the assessment in the first place, and saying the analysis is "obviously one-sided" and "cherry-picks facts to support its views."  [View news story]
    AT&T is upset because it thought it had brought and paid for the FCC politicians.
    Dec 1, 2011. 01:17 PM | 3 Likes Like |Link to Comment
  • Sarkozy: "Retirement at 60 and the 35-hour workweek were grave mistakes ... that we must repair ... France is paying a heavy price."  [View news story]
    WRONG!!

    With an excess of people and a shortage of jobs in most first world countries, the correct policy is shorter work weeks and earlier retirement.

    Otherwise, there is going to be civil unrest from all the unemployed unable to find any work.
    Dec 1, 2011. 01:15 PM | 2 Likes Like |Link to Comment
  • Friday's jobs report could bring an upside surprise to the markets, says BTIG's Dan Greenhaus. Several economists already raised their forecasts and others are giving their numbers another look after ADP's private sector report showed an increase of 206,000 earlier this today. "If that jobs report comes in at 150,000, 160,000 or even 200,000," Greenhaus says, "you've got a rally."  [View news story]
    But as usual, there will be no discussion or concern with QUALITY of any new jobs created.

    If most of the jobs are part-time & temporary with no benefits and slated to go away after the holiday, it doesn't matter. Such jobs count exactly the same as a full-time benefit laden job. This makes no sense.
    Nov 30, 2011. 09:22 PM | 2 Likes Like |Link to Comment
  • It didn't happen exactly as predicted, but the Fed finally had to step in to bail out Europe, writes Ambrose Evans-Pritchard. The final straw may have been an admission Tuesday night that the leveraged EFSF idea was doomed and the resultant Lehman-like spike in the euro-dollar swap spread.  [View news story]
    One world government, currency and economy is inevitable.

    Don't you watch Star Trek? :)
    Nov 30, 2011. 09:17 PM | Likes Like |Link to Comment
  • It didn't happen exactly as predicted, but the Fed finally had to step in to bail out Europe, writes Ambrose Evans-Pritchard. The final straw may have been an admission Tuesday night that the leveraged EFSF idea was doomed and the resultant Lehman-like spike in the euro-dollar swap spread.  [View news story]
    Now force them to get rid of the Euro and make them adopt the U.S. Dollar! [lol]
    Nov 30, 2011. 05:38 PM | 3 Likes Like |Link to Comment
  • Online sales jumped 24.3% this Black Friday. Department stores led the way with a 59% jump in online sales. Stronger than expected demand suggests there may be a disconnect between what consumers tell pollsters and how they actually spend.  [View news story]
    @JohnBinTh - Yes I think the underground economy is the real story. There may be 14 million unemployed but maybe 7 million of those are making cash under the table, not paying any taxes and getting some form of government assistance (unemployment, food stamps, etc.).

    Perhaps that also explains why I can hang around a friend's liquor store and watch so many people spending a lot of CASH on lottery tickets and alcohol.

    I guess the USA population isn't really that different from Greece, Italy, Spain or Portugal where working for cash and not paying taxes is normal.
    Nov 27, 2011. 05:13 PM | 1 Like Like |Link to Comment
  • Online sales jumped 24.3% this Black Friday. Department stores led the way with a 59% jump in online sales. Stronger than expected demand suggests there may be a disconnect between what consumers tell pollsters and how they actually spend.  [View news story]
    Seems many of you are forgetting about the 14 million people still unemployed. Just as with the MSM, it's as if the 14 million have been eliminated from the economy and have been totally forgotten.

    With these many people out of work, how can holiday spending rise much, if any at all? Are the working folks making up for the missing spending that these people are probably no longer doing? Maybe you 1%'ers here are doubling and tripling down?
    Nov 27, 2011. 01:00 PM | Likes Like |Link to Comment
  • Online sales jumped 24.3% this Black Friday. Department stores led the way with a 59% jump in online sales. Stronger than expected demand suggests there may be a disconnect between what consumers tell pollsters and how they actually spend.  [View news story]
    So they decided not to wait for "Cyber Monday"?
    Nov 26, 2011. 03:25 PM | 1 Like Like |Link to Comment
  • European stocks rally in early trading after heavy losses yesterday, brushing off the Congressional supercommittee's inability to come to a debt deal. Euro STOXX 50 +0.6%, London +0.6%, Paris +0.8%, Frankfurt +0.8%, Milan +0.7%, Madrid +0.4%.  [View news story]
    What, us worry?
    Nov 22, 2011. 03:51 AM | Likes Like |Link to Comment
  • Target (TGT) receives petitions filled with 190K signatures of employees protesting the midnight "Black Friday" opening. Feeling employee pain, Target's HR chief nevertheless says, "Our guests have expressed that they would prefer to kick off their holiday shopping by heading out (right) after holiday celebrations."  [View news story]
    Target is open because all its competitors are open as the boss said in the article.

    He also mentioned this is what their customers wanted but I have yet to see any formal, statistically valid survey that shows a majority of Target (or any other store) wanted the stores to open earlier.

    In my book, anyone who wants to go shopping after eating a big meal, getting liquored up and probably spewing farts is insane.
    Nov 21, 2011. 05:36 PM | 2 Likes Like |Link to Comment
  • Target (TGT) receives petitions filled with 190K signatures of employees protesting the midnight "Black Friday" opening. Feeling employee pain, Target's HR chief nevertheless says, "Our guests have expressed that they would prefer to kick off their holiday shopping by heading out (right) after holiday celebrations."  [View news story]
    Well there go 190k added to the the unemployment rolls.

    As to "our guests" - isn't that just too cute?
    Nov 21, 2011. 04:33 PM | Likes Like |Link to Comment
  • With the "supercommittee" remaining deadlocked over taxes, "sequestration" - or automatic spending cuts (and not, as it sounds, a form of torture) - look increasingly likely. Although the official deadline for an agreement is midnight on Wednesday, a CBO cost estimate of any final plan must be available 48 hours earlier.  [View news story]
    If you don't agree with how I interpreted YOUR comment, then that is YOUR failure to successfully communicate your point. Don't blame me for your poor communication skills.
    Nov 21, 2011. 02:20 AM | Likes Like |Link to Comment
  • With the "supercommittee" remaining deadlocked over taxes, "sequestration" - or automatic spending cuts (and not, as it sounds, a form of torture) - look increasingly likely. Although the official deadline for an agreement is midnight on Wednesday, a CBO cost estimate of any final plan must be available 48 hours earlier.  [View news story]
    But WHY are so many people forced to turn to state and federal sources for help?

    Because politicians conspiring with the corporations that own them have allowed so many jobs to be outsourced/offshored!
    Nov 21, 2011. 02:17 AM | Likes Like |Link to Comment
  • With the "supercommittee" remaining deadlocked over taxes, "sequestration" - or automatic spending cuts (and not, as it sounds, a form of torture) - look increasingly likely. Although the official deadline for an agreement is midnight on Wednesday, a CBO cost estimate of any final plan must be available 48 hours earlier.  [View news story]
    "They should pull up the stakes, go home, and refuse to vote for any Republican or Democrat in any election until something changes. It's easier, far more effective, and a lot more comfortable."
    --------
    And just as ineffective. Anyone who doesn't vote is ceding the election to the values of those who DO turn out. All side B needs is one more vote than side A to get elected.
    Nov 20, 2011. 03:34 PM | 1 Like Like |Link to Comment
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