Read more: http://wallstcheatsheet.com/stocks/10-charts-revealing-americas-painful-jobless-recovery.html/?a=viewall#ixzz3NT2wpgmq
Additionally, the U-6 unemployment rate, which includes everyone in the headline rate — plus people who are employed part-time but prefer a full-time position, or want work but have stopped looking — remains stubbornly high at 13.1 percent. Read more: http://wallstcheatsheet.com/stocks/10-charts-revealing-americas-painful-jobless-recovery.html/?a=viewall#ixzz3NT2wpgmq NOTICE THE INCREASE IN PART TIME WORKERS SINCE 2010
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Americans often lament the quality of jobs today, and some low-paying industries — like fast food, where annual average pay is less than $22,000 — are growing. LINK
President Obama has topped predecessor George W. Bush in another poll, but not one he would like.
In a new Quinnipiac University Poll, 33% named Obama the worst president since World War II, and 28% put Bush at the bottom of post-war presidents. "Over the span of 69 years of American history and 12 presidencies, President Barack Obama finds himself with President George W. Bush at the bottom of the popularity barrel," said Tim Malloy, assistant director of the Quinnipiac University Poll.LINK GREAT INSIGHT ON HOW ENVIRONMENTAL COMMUNISTS WORK.
The vital task for progressives isn’t reelecting Democrats but rebuilding a strong, independent progressive movement. Our history makes clear that without one, social progress in America is next to impossible. For 100 years progressive social change movements transformed relations between labor and capital, buyers and sellers, blacks and whites, men and women, our species and our planet. But in the 1970s progressives began to be coopted and progress ceased. Their virtual disappearance into the Democratic Party led to political stultification and a rollback of many of their greatest achievements. LINK
Using known and next-generation technologies and processes, enhanced oil recovery could increase domestic oil production—mostly from existing wells, not new fields—by tens of billions of barrels. Public policies to jump-start this nascent market could significantly enhance our energy security, improve our balance of trade, and generate tens of billions of dollars in revenue for the federal government and trillions in economic activity over the next half-century.
Equally important is the answer offered by EOR to two of the most pressing questions in energy policy:What is the future of coal in this country, and what can the federal government do to reduce the risks of climate change? The answer EOR offers is uniquely compelling: Coal stays in our energy mix while almost all of its carbon gets trapped underground. The key to this opportunity lies in the fact that carbon dioxide is the essential ingredient in enhanced oil recovery operations. And in contrast to EPA’s divisive, expensive, and likely ineffective approach to regulating carbon emissions, EOR would give American companies an opportunity to make money putting carbon dioxide underground while producing oil, making this a wealthier, more productive country with a stronger, more secure energy economy and a cleaner environment. Drillers have long understood that they leave most of their product in the ground. As oil is pumped, the pressure underground drops and it becomes harder to extract what remains. Typically, only about one-third of the oil in a given location can be economically removed. As a result, many supposedly “depleted” wells actually still contain most of their oil—just waiting for a technology that will make it economical to extract it. LINK President Obama has engaged in “propaganda” encouraging people to “hate the police,” former New York City Mayor Rudy Giuliani (R) charged a day after two city police officers were shot and killed in their patrol car by a man who posted anti-police messages to his social media account.
“We’ve had four months of propaganda starting with the president that everybody should hate the police,” Giuliani said during an appearance on Fox News early Sunday. “The protests are being embraced, the protests are being encouraged. The protests, even the ones that don’t lead to violence, a lot of them lead to violence, all of them lead to a conclusion: The police are bad, the police are racist. That is completely wrong.” LINK Since Fannie Mae and Freddie Mac were taken over by the government in September 2008, their losses stemming from bad loans have mounted, totaling about $150 billion in a recent reckoning. Because the financial regulatory overhaul passed last summer did not address how to resolve Fannie and Freddie, Congress is expected to take up that complex matter this year.
Mr. Raines retired in December 2004 and Mr. Howard resigned at the same time. Ms. Spencer left her position as controller in early 2005. The following year, the Office of Federal Housing Enterprise Oversight, then the company’s regulator, published an in-depth reporton the company’s accounting practices, accusing Fannie’s top executives of taking actions to manipulate profits and generate $115 million in improper bonuses. The office sued Mr. Raines, Mr. Howard and Ms. Spencer in 2006, seeking $100 million in fines and $115 million in restitution. In 2008, the three former executives settled with the regulator, returning $31.4 million in compensation. Without admitting or denying the regulator’s allegations, Mr. Raines paid $24.7 million and Mr. Howard paid $6.4 million; Ms. Spencer returned $275,000. Fannie Mae also settled a fraud suit brought by the Securities and Exchange Commission without admitting or denying the allegations; the company paid $400 million in penalties. http://www.nytimes.com/2011/01/24/business/24fees.html?_r=0 |
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April 2018
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