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Tagged: economy

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April 15, 2013
09:07 • 1 month ago
fastcompany:

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.

Here’s the story…

“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.”

fastcompany:

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.

Here’s the story…

“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.”

April 4, 2013
14:51 • 1 month ago

  • 385k applications for unemployment benefits were filed in the United States last week, up roughly 28,000 from the previous seven day period, and 35,000 claims higher than many analysts had predicted. It also marks the second straight week of increased jobless numbers, and raised the four-week moving average to 354,250. source

February 1, 2013
11:00 • 3 months ago

  • 157k the number of jobs added to the economy in January, according to the Bureau of Labor Statistics latest report. The unemployment rate (U-3, not U-6) jumped to 7.9 percent. The U-6 stayed steady at 14.4 percent. The U-3 rate needs to hit 6.5 percent before the Federal Reserve will consider raising interest rates. source

January 24, 2013
15:35 • 3 months ago

  • 330k state unemployment benefit claims were filed last week according to the latest report from the U.S. Department of Labor. That’s the lowest weekly jobless claims number to be reported in five years (January 2008) and also marked the lowest four-week average for the same numbers since March 2008. source

December 7, 2012
08:49 • 5 months ago
breakingnews:

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.

breakingnews:

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.

November 3, 2012
14:43 • 6 months ago
He should resign! He told us he would resign if he did this poorly. Do you remember that? Do you remember that he told us that if he couldn’t get employment above 6 percent, he wouldn’t run for a second term? He lied! He has been a disaster. The worst president for our economy in our lifetime. He doesn’t want a second term. He wants a second chance, because he screwed it up the first time.
Former New York Mayor Rudy Giuliani • Fulfilling to a T the role of campaign “attack dog” surrogate, while stumping for the Romney/Ryan ticket in Ohio today. It’s worth noting that we can’t find any indication that President Obama ever said he wouldn’t run for a second term if unemployment was above 6%. Indeed, this at any point since the 2007 financial collapse would’ve been a rather mad pledge for him to make. It’s likely Giuliani was speaking of Obama’s comments in 2009, that if he didn’t turn the economy around by 2012 his presidency would be a “one-term proposition,” but that’s not a pledge to resign, or not run, so much as a frank assessment of the public’s voting inclinations. In addition to the above denunciations, Giuliani cast attacks at the American consulate in Benghazi as being a result of “incompetence,” and said that with a president who was paying attention, we wouldn’t have to investigate what was “covered up” there. source
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October 16, 2012
21:45 • 7 months ago
I know what it takes to make an economy work, and I know what a working economy looks like.
Mitt Romney, turning to a manner of phrasing that he’s leaned on throughout the debate (“I know how to…”). As has been criticized by President Obama, the limited level of detail he’s offered may be necessitating this repeated insistence.
October 5, 2012
17:18 • 7 months ago
September 16, 2012
10:52 • 8 months ago
September 9, 2012
14:47 • 8 months ago

joestanley:

poorrichardsnews:

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.

read the rest

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.

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September 8, 2012
14:17 • 8 months ago
thedailyfeed:

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?

thedailyfeed:

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?

August 27, 2012
17:51 • 8 months ago
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 (viafollow)
August 17, 2012
10:04 • 9 months ago
August 3, 2012
07:53 • 9 months ago

  • $440 million the amount Knight Capital lost after a trading glitch on Wednesday led the company to send erroneous orders on 140 separate stocks
  • 75% decline the fall in the company’s stock since Tuesday; the company blamed its problems on new software which suffered from glitches source

» 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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