Tom Friedman is on my teevee.
Apparently we have two paths. Or something.
suck on it Tommy.
Sunday, April 04, 2010
Sunday Bobbleheads
This Week has Summers and Greenspan. We will learn that girly brains are silly, except for Ayn's.
Meet the Press has President Joe Lieberman, the awful Jane Harman, and Christina Romer.
Face the Nation has Michael Eric Dyson.
Document the atrocities!
Meet the Press has President Joe Lieberman, the awful Jane Harman, and Christina Romer.
Face the Nation has Michael Eric Dyson.
Document the atrocities!
Saturday, April 03, 2010
Unpaid Internships
I do hope there is a serious crackdown on the practice. Aside from the exploitation, it effectively excludes all those people who can't afford to work for free from certain elite segments of society (media, publishing, politics). It's a way elites can screen for other elites.
Surged
I guess it depends on the meaning of surge, but, no, not really...
After losing eight million jobs since the recession began in December 2007, payrolls finally surged in March, the Labor Department reported on Friday. Employers added 162,000 nonfarm jobs last month. Nationwide, the unemployment rate held steady at 9.7 percent.
Friday, April 02, 2010
Lobbyists
One thing I never really understood until I started to know a few Congressional staffers is just why lobbyists are given so much respect on Capitol Hill. I mean, sure, you get that there are some financial issues, but evil lobbyists (not all are of course) are treated with respect even by the good guys. It's part of the culture, in large part because they're all pals.
No Bus For You
Great way to destroy a local economy.
Butler, 57, lives in Clayton County, a majority-black, working-class suburb on Atlanta's south flank that killed off its local bus system Wednesday over concerns about a $19-million countywide budget shortfall.
...
It is also a place where a large number of suburban working poor may now be stranded: A survey of riders in April 2008 found that 65% of them do not have access to a car. In a survey last month, 3 out of 4 said they may lose their jobs when the buses stopped rolling.
Numbers Behind The Numbers
While the standard measure of unemployment remained at 9.7%, U6, the broader measure, went from 16.8 to 16.9% (not a big increase).
Involuntary(.pdf) part-time workers increased from 8.79 million to 9.05 million.
Long-term unemployed (27+ weeks) increased 414,000 to 6.5 million. 44% of the unemployed are long-term unemployed.
There were small upward revisions to the January and February jobs numbers.
Involuntary(.pdf) part-time workers increased from 8.79 million to 9.05 million.
Long-term unemployed (27+ weeks) increased 414,000 to 6.5 million. 44% of the unemployed are long-term unemployed.
There were small upward revisions to the January and February jobs numbers.
Jobs
I'm getting tired of my own negativity about the economy, and happy to be wrong about everything, but this awesome jobs number is just above the treading water level of job creation, and not really enough to actually start bringing unemployment down. During the Clinton years, average monthly job growth was 236,000.
So this monthly report is good in that it isn't bad, and optimists will point to the positive trend and say it's a sign things are going to continue to get better. I hope they're right!
So this monthly report is good in that it isn't bad, and optimists will point to the positive trend and say it's a sign things are going to continue to get better. I hope they're right!
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