The World Needs 1.8 Billion Jobs—But What If They Already Exist?
What if we were able to monetize the information we put on the Internet? A revolution in which people are paid by the networks they use could herald a new economy for the world’s jobless.
“While today’s prosumer jobs pay little and fall into the informal category, there is reason to believe that they could grow in volume and value—rapidly. As accelerating change enables companies to get better at capturing, storing, transferring, processing and valuing user data, the prosumer role is poised to proliferate and scale.”
BREAKING: US economy adds 146,000 jobs in November
The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.
AP reports:Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than initially estimated. And the unemployment rate fell from 7.9 percent in October mostly because more people stopped looking for work and weren’t counted as unemployed.
Photo: A man walks past destroyed homes on the Rockaway Peninsula in the Queens borough of New York on Nov. 27, 2012. (Seth Wenig/AP Photo)
The good news: Things are improving. The better news: A tough month after Sandy didn’t crimp the improvement.
They include in their ranks Congressman Allen West, former GE CEO Jack Welch, and more. The panel at Morning Joe cast suspicion on the numbers (“it doesn’t make sense”) but didn’t accuse anyone of cooking the books. Ezra Klein dismisses the claims outright, theorizing that we’re at “that moment in the election when people begin to lose their minds.” Labor economist Betsey Stephenson says that “anyone who thinks that political folks can manipulate the unempt data are completely ignorant about how BLS works & how data are compiled,” and Michael Tomasky notes that “if the administration were somehow manipulating the data, then they’re doing a terrible job at it.” Far-right Obama-hater Erick Erickson doesn’t doubt the numbers’ validity, though he doesn’t think they’re ultimately good news. source
(via The Ad That Could Win The Election - The Dish | By Andrew Sullivan - The Daily Beast)
Obama’s messaging strength shines here. Powerful without being negative.
Dear Paul Ryan,
Would you please explain to Mitt Romney why he’s wrong about mandating coverage for pre-existing conditions. Please insist to him that he stay strong for a full repeal of Obamacare.
growing weary,
The American People
from TPM:
itt Romney said Sunday that he likes parts of ‘Obamacare’ and will keep key provisions involving pre-existing conditions and young people.
“I’m not getting rid of all of health care reform. Of course there are a number of things that I like in health care reform that I’m going to put in place,” he said on NBC’s “Meet The Press. “One is to make sure that those with pre-existing conditions can get coverage. Two is to assure that the marketplace allows for individuals to have policies that cover their family up to whatever age they might like.”
The remarks could have huge implications as they signal a marked shift from Romney’s strong, unequivocal support for full repeal of the Affordable Care Act, which he has consistently held since the Republican primaries.
Politically, the pivot risks drawing the ire of conservatives, who have been adamant that Republicans repeal the law in its entirety if elected. It’s a major gamble that could reflect Romney’s need to win over more independent voters, who support those provisions.
From a policy standpoint, however, the coverage guarantee for pre-existing conditions is economically untenable without other provisions of ‘Obamacare’ — most notably the individual mandate that requires Americans purchase insurance, which experts say is necessary to broaden the risk pool and prevent an upward spiral in costs.
The author here is right. The individual mandate is the only mechanism that makes guaranteed coverage work. The two are inseparable. You cannot mandate coverage for pre-existing conditions without also mandating that all Americans buy health insurance. To do so would with 100% certainly bankrupt the American healthcare system.
And why in the world would he continue the mandated freeloading of 26 year olds on their parents health insurance?
These things have already raised the cost of healthcare premiums. Premiums will not go down until they are repealed.
Hopefully Romney will come out and clarify his remarks by saying that health insurance companies are allowed to do so if they can negotiate it but not that they’re mandated.
Fellow conservatives, I would encourage you to contact Mitt Romney and make your voice heard.
I hate to break it to everyone against Obamacare, but these provisions are here to stay. Every year they stay in place public support for them grows, and Republicans are already having to adjust their positions as a reflection of this. The only possible stumbling year will be 2014, but after that the window of opportunity even for staggered dismantlement of the system closes. This was our Social Security fight, for better or worse (I say better), and it will become equally as entrenched.
The American People: Made up of people who agree and disagree with the ideals behind the Affordable Care Act. When painting in broad strokes, keep in mind that what makes the U.S. great is that there isn’t across-the-board agreement on everything.
Tumblr: The home of millions of people under the age of 26 that might benefit from having health care as they’re searching for a promotion at their retail job or first job out of college. Of all of the things you’re going to go after in this act, why that one? That’s the least controversial part of the whole thing.
Yesterday’s dismal jobs report showed the lowest labor participation rate in 31 years.
Employers added only 96,000 workers in August, down sharply from the 141,000 in July and well below the 100,000 to 150,000 jobs needed just to keep pace with growth in the labor market.
The weak report aside, the unemployment rate still dropped — from 8.3 percent to 8.1 percent — because many of the out-of-work simply gave up. And only two out of three working-age Americans either had a job or were looking for one last month, the lowest level since Ronald Reagan took office.
“The economy is crawling up the down escalator,” said Patrick O’Keefe, head of economic research at financial consulting firm J.H. Cohn in Roseland, N.J.
Potential presidential debate question: How do we encourage people who have given up on finding work to ”participate” again?
Look, the guy was dealt a difficult hand, no question about it. But he’s had three years, his policies have failed. Rather than blame others … maybe offer some fresh solutions to the problems that we face. But that’s not going to happen between now and election day.Former Florida Gov. Jeb Bush • Expressing disappointment that President Obama continues to point the finger at his brother, former President George W. Bush Sunday. Bush, who made the comments during an interview on “Meet The Press” on Sunday, also discussed his decision not to enter the 2012 presidential race, a move that both shocked and confused many within the GOP, citing a lack of motivation as the top reason he chose not to run for the nation’s highest office. source (via • follow)
Long-distance “super commutes” of more than 90 miles (many on plane flights) are becoming more common, particularly given housing concerns.
Our hats are off to you, extreme commuters.
“Extreme commutes” sounds like the name of a terrible reality show. It probably feels like one, too.
» As for the stocks affected: Some of the smaller stocks, like Wizzard Software (which made a dramatic leap from $3.50 to $14 as a result of the trading glitch) had their trades cancelled, with no penalties for the steep increases. Other bigger stocks, like Abercrombie & Fitch, are still being investigated. Glitches in complex software like this could be spooking smaller investors, already weary of the stock market after the financial crisis and the 2010 Flash Crash.
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