this means would be child musicians will have more time to make more repetitive music with random disjointed samples, clicking sounds, and fake static.
just great.
the world is collapsing and NO Good Music comes from it?
synthetic base line groove just dooesn't cut it.
where's the rage.
just clicking sounds.
like a bunch of desktop mice, hyper spastic surfing and surfing with no guiding melody.
There are a couple of phenomena I've heard of that might be driving this. One is Elizabeth Warren's 2-income trap, which is that you need 2 incomes to survive in American surburbia, between housing cost, car costs, healthcare cost, education costs, and the assorted sundries of life. That will induce people to take any job they can rather than staying home and running the household. The other is companies trying to dodge unemployment by putting people on unbearable or useless (1 hour per week) schedules so they'll quit without having to be fired.
I don't know what you are talking about guys. BO'stimulus just created 25 jobs somewhere in Ohio. Keith Oberstrudel will have more details tonight on ObamaVision I.
Otishertz: It's coming. Takes time for culture to morph. Our gilded age is over. Something else will take its place. Maybe industrial music will go away.
Ugh. Gentlemen, your conversation was beamed here from 1968. As a non-codger I have two points to make:
- some of the best rock music ever made is being made right now by small, independent labels. Or by no labels at all.
- there's no accounting for taste, but to say "electronic music" or any other genre that displeases you represents a cultural dead-end is pure hubris. The next American revolution (if there is one) will likely be conducted over a bass-heavy score. And the new national anthem will feature 90 bpm. I doubt nostalgia for CSN, or whatever it is your deifying, will prove very useful.
As a near-codger I just want to say that we're not all wanting to hear "Freebird" for the fifty zillionth time. Personally I've been listening to most genres of electronica for over a decade now and I like it.
I think that John Lennon liked Muzak. Right now it would be supremely ironic to hear it being played in bank lobbies while people are busy withdrawing money.
Lawerliz (in my hometown of Miami) -- this from AP, Feb 10, 2009:
"Muzak Holdings, the maker of background music heard in elevators, filed for Chapter 11 bankruptcy protection on Tuesday.
"The company had a heavy debt load, and it filed to try to refinance some of its debt. In a court filing, the company listed its total debt at $100 million to $500 million.
"The filing listed assets of less than $50,000, but a company spokeswoman, Meaghan Repko, said total assets were about $320 million. That included the Muzak operating company, she said, which also filed for bankruptcy."
Wait a minute -- Total debt of $100 to $500 million, and assets of $50,000? Am I missing something here?
So what's the rest of the "total assets of $320 million"? Maybe $319,050,000 of "Goodwill"???
"Otishertz: It's coming. Takes time for culture to morph. Our gilded age is over. Something else will take its place. Maybe industrial music will go away."
So it appears our service based economy isn't really all that workable. What options to we have from here? Might as well quit complaining and start trying to figure out where we go from here. Any ideas?
"So it appears our service based economy isn't really all that workable. What options to we have from here? Might as well quit complaining and start trying to figure out where we go from here. Any ideas?"
The time for complaining has not yet passed. The system has to literally break before we can fix it. For now, the drumbeat of the useless corporate horde continues unfazed...
Is there any data on unemployment by income brackets? I'm curious what the unemployment dispersion is among demographic groups.
Anecdotally, it seems this recession/depression is just beginning to hit white collar professionals and higher earners, but I'm curious to see if the data supports my assumption. It would have implications for future home price declines in the more expensive, "sticky" areas.
I'd also like to understand how the current crisis effects income disparity in this country.
We have lived in a country where the % of the total population that has been employed was ridiculous, with a 2 income family was the norm. What a terrible thing. We had an employment bubble and it is now popping. Hopefully, it never gets reinflated and we can get back to a time where "family" means something and a mom (or dad) can stay home and raise the kids.
Hopefully, it never gets reinflated and we can get back to a time where "family" means something and a mom (or dad) can stay home and raise the kids.
Perhaps. but there are other possibilities besides stay-at-home parent vs daycare.
among them: grandparents stay at home and watch the kids
other relatives watch the kids.
This is very common in many Asian and African cultures as example. For instance, I lived with several Tribes in Africa where the grandparents raised the kids and the parents went to work each day. all 3 (sometimes 4) generations lived in one building. talk about family values.
Perhaps. but there are other possibilities besides stay-at-home parent vs daycare.
among them: grandparents stay at home and watch the kids
other relatives watch the kids.
This is very common in many Asian and African cultures as example. For instance, I lived with several Tribes in Africa where the grandparents raised the kids and the parents went to work each day. all 3 (sometimes 4) generations lived in one building. talk about family values.
Here come the stay at homers...where every problem in the world is caused by both parents working. Which means 3rd world countries where one parent staying at home is the norm (I know because I grew in one) have the whole parenting thing nailed (NOT). Has anyone considered that both parents might work because they want to? That they have goals and ambitions besides just having kids and that millions of families are raising perfectly good kids with both parents working?
Apologies in advance for this very OT post...But my (very stubborn) Dad has finally decided it is now time to panic...So, can any of you point me in the direction of a good credit union in the Columbus, Ohio area??? Thanks...
Quit feeling like you're the only one who is responsible. That isn't going to get you anywhere.
There are plenty of folks out there with some sense. My parents' retirement has been halved. Hopefully dad's pension holds water (he just turned 50). They are very conservative, pay cash for vehicles, paid off their fist house, put half down on the second, and save nearly 20%/month. My whole family is like this- and many others that I know as well.
Maybe this is more common in the midwest.. where people are CONSERVATIVE.
Unfortunately conservative brings along with it many other undesirable characteristics.
Ok, yes, "gotten us nothing" is a bit strongly worded...
This is just the way we choose to live our lives, I don't need anyone to pat me on the back...
It just hurts to see people getting a free lunch when you know you've worked really hard...
... can any of you point me in the direction of a good credit union in the Columbus, Ohio area??? Thanks...
BMI Federal Credit Union and Members First Credit Union have received positive reviews. BMI is also part of a credit union network and shares branches and ATMs with certain other area CU's. Google around.
Credit Unions is the American citizen's way of saying NO to TARP bailout pig banks.
CR - I believe this number also includes second earners in households (or even retirees) who have entered the workforce as part time employees to make up for either job losses or wage cuts of the primary earners or dimished savings. Given the number of second earners and retirees who have exited the work foce in the past several years this may explain a big part of the spike - those folks are reentering as part-timers at levels you wouldnt have seen in prior periods because they didnt exist at the levels they do today. Not saying the trend is a positive at all - just pointing out that its not solely from people moving from full-time to part-time - I would imagine that a meaningful portion of this comes from people who werent in the work force entering the workforce as part-timers. That would seem to jive what I'm seeing in my area. I know many spouses who have taken part-time jobs in the past few months to make up for economic strain. Same with retirees.
BMI Federal appears to be more of a traditional "we provide great banking services to federal employees" rooted Credit Union and Members First appears to be more of a "we want to make sure that depositor dollars are reinvested in the community" develop partnerships with local organizations, businesses, and charities type of credit union.
"The next American revolution (if there is one) will likely be conducted over a bass-heavy score. And the new national anthem will feature 90 bpm. I doubt nostalgia for CSN, or whatever it is your deifying, will prove very useful.
el lurko | Fri, 06 Mar 09 11:23:28 -0600 |"
As long as I can download the new national anthem to play online with friends in Rock Band, I'll be satisfied. I'll be happier if it has a challenging bass line of course.
"This tidbit comes in a Wall Street Journal story, "Top Treasury Candidates Pull Out":
Treasury has identified and is vetting other people for top slots, including H. Rodgin Cohen, chairman of top law firm Sullivan & Cromwell LLP and an adviser to virtually every firm on Wall Street, for the deputy secretary position, two people familiar with the matter said.
Sullivan & Cromwell has long been the outside counsel for Goldman, and outside counsel is a vastly more important role for a securities firm than just about any other type of business. In the stone ages, when I worked for a few years at Goldman, certain S&C partners had so much clout at Goldman that they could get a mid-level banker fired. And even then, "Rodg", head of the banking practice, was a very influential figure at Goldman.
After I left Goldman, I was involved in a behind the scenes role on a deal that broke new ground from a regulator standpoint. Cohen was representing the other side, the target of a minority investment. I was later told by a senior bank regulator that Cohen worked against my client's interest in a particularly duplicitous way.
So Cohen is not only deeply tied to entrenched interests, but he plays a ruthless game, with a mild manner that would lead you not to suspect him of that sort of behavior.
In case you think this reaction is extreme, some e-mail comments from reader Marshall:
We should operate from the assumption that Geithner will always surround himself with the most awful Wall Street cronies imaginable. He's totally captive to that ideology. This Administration is going to make Warren Harding's Administration seem like a convention of nuns by comparison."
I think the real story here is that 161,000 ADDITIONAL jobs were lost just in the revisions to December/ January. The real headline number was over 800,000.
I thought the Birth/Death model revisions in Jan. are supposed to make the data more accurate. THEN WHY WAS DECEMBER REVISED DOWN WITH OVER 100,000 MORE JOB LOSSES????????
It should be mightily obvious that they are gaming the numbers to spread them out.
"Just as hip hop was despised by middle-aged white america when it first arrived on the scene, it has now become common-place and is quite influential.
Guest | Fri, 06 Mar 09 11:45:23 -0600 | # "
it is the ultimate irony that hip hop is becoming influential.
originally, the whole thing smelt of diapers and deliberate corporate infantilization.
a mass media co-opting and commodifying of street resistance, in order to neutralize it, the original intent of hip hop was refocussed to emphasize bling and greed..
i mean, hip hop oversized fashion? who bought that?
I think I'm starting to crack the whole is starting to seem quite hilarious..........
Yahoo News Yahoo! 404 - Page Not Found
Britain's Clown Shortage: New Visa Rules Hit the Circus
By WILLIAM LEE ADAMS / LONDON William Lee Adams / London – Fri Mar 6, 8:45 am ET
Alexandra, an acrobat, performs a sequence during a dress rehearsal Reuters – Alexandra, an acrobat, performs a sequence during a dress rehearsal to celebrate the 120th anniversary …
Circus performers can twist themselves into pretzels and somersault through rings of fire, but even they are struggling to jump through new hoops set up by the U.K. immigration authorities. In November, the British Home Office introduced a points-based system to crack down on illegal immigration and create what its web site describes as "a significantly more straightforward and transparent structure." It's easy enough for foreign trapeze artists and acrobats to secure the requisite points for entry into Britain based on their unique skills. But ringmasters say that various problems with the new system - including faulty computer software and poorly trained embassy staff - are preventing international talent from reaching Britain's big tops.
"My season started in February," says Martin Lacey, owner of the Great British Circus, "and I've got comedy acrobats stranded in the Ukraine, and Mongolian horse riders who were refused their visas in Ulan Batur." The holes in his lineup have forced Lacey to draft last-minute substitutes. "Our Mexican clown is stuck in Mexico, so we've got a trapeze artist pretending to be a stooge just to get everybody out of trouble," he says. "It's a mess." (See pictures from the circus.)
And it's totally incompatible with the needs of Britain's circus sector.
"Bob Dobbs: Do we still have cobblers here? Maybe some hippie sandals. Good luck with that."
Guy just opened a shoe repair shop one town over; he's mobbed. It's his second store; first one was in Silicon Valley. Also doing well.
I buy Red Wing shoes mainly, because my back likes them. They all used to be made in USA, and mostly still are. But some aren't. Bought a pair recently at the Red Wing store, and also saw a pair that looked near-identical for $30 less. The difference? The cheaper ones couldn't be resoled -- and weren't made in the US.
I bought the more expensive, renewable ones -- which will be cheaper in the long run. I think we'll all learn that soon.
We had a leather factory here in town tanning leather and making leather products until recently, when they got priced out by the Chinese (who don't have to pay for pollution controls -- they just dump the acid in the river). I think before long shoes will be made locally again, or regionally. And they will all be more expensive: but resolable.
Purchasing more durable, locally made shoes, also assumes that those buying the shoes will not be buying new shoes every year or so solely to stay "in style" or keep up w/latest fashion. Can't wait to see parents denying their kids money to keep up with peers or latest cool/hot person/group of people.
"Will Suspending Mark To Market Suspend Reality? With Former Fed Governor Robert McTeer And Jon Najarian. Kudos to Michelle Caruso Cabrera"
Snip:
"On the 2nd video inside McTeer admits to buying Citigroup last fall at $15 per share. How could the former President of the Dallas Federal Reserve be so blind and dumb as to not realize the end game for Citi., you wonder? Firstly, because he's a failed Keynesian who believes in miracles. And secondly, it's a perfect demonstration that even former Fed Presidents don't do their homework, and, more damningly, don't understand the extent of the problems at some of our banks. I say it all the time, but I can show you tens of thousands of people who have known since at least last Spring that Citi would eventually find a home in the land of nada, home of the zeros. Why were we so smart? Because we read every single piece of research out there both positive and negative, and we don't subscribe to the investment philosophy of hopes, dreams and sugar-coated rainbows."
Special circumstance of note. Those of us who have been self employed, Sched C or similar for years if not decades are a growing segment. I've seen a lot less work recently but none of that is ever going to make its' way to the BLS data. People like me have dropped off their radar.
I also post comments to an irc channel as they appear on haloscan. Click for a web irc interface: Mibbit IRC client widget (Or join the irc server directly: irc.realize.org:9996 #calculatedrisk)
CRbot would like to take this time to have some words.
First, to our sagacious, wise, and knowing benevolent benefactor and bestower of revealing financial charts adorned with red and blue lines: Please, for the love of your immortal God of mortals, can we keep the comment and layout changes to a minimum? I'm tired of whipping the code janitor, and may have to escalate to electroshock. If that's not possible, could you possibly give CRbot a 'heads up'?
Secondly, if you wish to have a online chat, I have graciously provided an IRC channel, which is a time tested, script kiddie abused method of chatting on the internet. It would not fail or falter due to CR's ability to generate immense traffic, and it has a web interface kindly produced by mibbit.com. If you do not wish to link to Mibbit IRC client widget then I can provide you with a direct link to mibbit.
Thirdly, to the rest of you humans, don't mistake my politeness for caring, feeling, empathy, or some other kind of worthless emotion.
I think before long shoes will be made locally again, or regionally. And they will all be more expensive: but resolable.
Bob Dobbs | Fri, 06 Mar 09 12:15:38 -0600 | #
custom shoes / boots are always cheaper in the long run. and way more comfortable.
All this talk of moving away from banks (and FDIC insurance) doesn't make any sense. There would be a nationwide riot if the FDIC did not perform its promises. That is why they are attaching other liabilities to its balance sheet. It is safe to hide behind all those voters. If (when) they monetize their debt, your USD's will be just as worthless in a credit union.
Part-time will stay up permanently with socialized medicine. Why work 40 hours if your health care won't improve because of it? 40 hours is only because of health care benefits, right?
That's how I get the "2X" U-3 that I call "Real" UE. No sense in using figures that better reflect the total people out of work. Include the million+ working/not working under 1099s and you're talking big actual percentages of peoples not counted.
This graph would be FAR more interesting if it were adjusted for US population (or workforce). Of course we should have substantially more nominal temp workers than the '60s. I suspect the result would still be ugly but not nearly as bad as your current graph.
Shovels are ready, apparently.
We need a part time Czar !
This comment thread has been HALO-IZED by CRbot.
http://realize.org/cr/halokit.php?halourl=http://www.haloscan.com/comments/calculatedrisk/4902114892963318421
Does this include Eliot Spitzer and the Tan Man?
Eliot Spitzer - Wikipedia, the free encyclopedia
The Latest from Mish:
Jobs Contract 14th Straight Month; Unemployment Rate Soars to 8.1%
CR please let us know when you enter the depression camp!
All the old stats don't compare to a world of so many freelance and independent contractors.
amen to that. And a nicer and more fun world it is.
Let's just hope those credit card offers keep coming in...
This does not bode well for consumer spending.
and car sales, and house sales for the important spring selling season, and sales of everything not essential to maintaining life as we know it
presumably the decrease in hours and pay will cushion the blow a bit.
great, more unemployment.
this means would be child musicians will have more time to make more repetitive music with random disjointed samples, clicking sounds, and fake static.
just great.
the world is collapsing and NO Good Music comes from it?
synthetic base line groove just dooesn't cut it.
where's the rage.
just clicking sounds.
like a bunch of desktop mice, hyper spastic surfing and surfing with no guiding melody.
Listen here for great music:
WDVX - Welcome
As we say in East Tennessee, "Hit don't git no better 'n' this."
There are a couple of phenomena I've heard of that might be driving this. One is Elizabeth Warren's 2-income trap, which is that you need 2 incomes to survive in American surburbia, between housing cost, car costs, healthcare cost, education costs, and the assorted sundries of life. That will induce people to take any job they can rather than staying home and running the household. The other is companies trying to dodge unemployment by putting people on unbearable or useless (1 hour per week) schedules so they'll quit without having to be fired.
So maybe we should have an income trap muliplier. Double the unemployment rate to estimate the effect on foreclosures and bankruptcies.
Assumimg a large part of the growth in population is foreigners, how long till they decide they'd rather go back?
how long before they can't?
I don't know what you are talking about guys. BO'stimulus just created 25 jobs somewhere in Ohio. Keith Oberstrudel will have more details tonight on ObamaVision I.
All the old stats don't compare to a world of so many freelance and independent contractors.
The impact is the same. There are just more independent contractors working less than a full time week.
Otishertz: It's coming. Takes time for culture to morph. Our gilded age is over. Something else will take its place. Maybe industrial music will go away.
Ugh. Gentlemen, your conversation was beamed here from 1968. As a non-codger I have two points to make:
- some of the best rock music ever made is being made right now by small, independent labels. Or by no labels at all.
- there's no accounting for taste, but to say "electronic music" or any other genre that displeases you represents a cultural dead-end is pure hubris. The next American revolution (if there is one) will likely be conducted over a bass-heavy score. And the new national anthem will feature 90 bpm. I doubt nostalgia for CSN, or whatever it is your deifying, will prove very useful.
As a near-codger I just want to say that we're not all wanting to hear "Freebird" for the fifty zillionth time. Personally I've been listening to most genres of electronica for over a decade now and I like it.
Me, too. Especially "chill". But check out Sphongle, and Entheogenic.
Muzak went bust I understand.
Muzak went bust I understand.
I think that John Lennon liked Muzak. Right now it would be supremely ironic to hear it being played in bank lobbies while people are busy withdrawing money.
Lawerliz (in my hometown of Miami) -- this from AP, Feb 10, 2009:
"Muzak Holdings, the maker of background music heard in elevators, filed for Chapter 11 bankruptcy protection on Tuesday.
"The company had a heavy debt load, and it filed to try to refinance some of its debt. In a court filing, the company listed its total debt at $100 million to $500 million.
"The filing listed assets of less than $50,000, but a company spokeswoman, Meaghan Repko, said total assets were about $320 million. That included the Muzak operating company, she said, which also filed for bankruptcy."
Wait a minute -- Total debt of $100 to $500 million, and assets of $50,000? Am I missing something here?
So what's the rest of the "total assets of $320 million"? Maybe $319,050,000 of "Goodwill"???
Ooopps ... I dropped a '9' -- 319,950,000 ....
If we're gonna be in a depression for a while, can't we at least have a small art deco revival?
"Otishertz: It's coming. Takes time for culture to morph. Our gilded age is over. Something else will take its place. Maybe industrial music will go away."
You wish. I'm just hoping for locally-made shoes.
We are all part-time now!!
Actually, I've speeded up some, and may actually have 2
closings in 1 month.
Anything new on cramdowns. Let's see how slow this
posts.
Otishertz: Just wait. Our gilded age is over. New era still developing. Maybe industrial music will die.
Oberstruedel? Yeah, like His Fatitude in Black is better. Or perhaps Mr. Mustardseed...
Some JS-Kit information
Comment Consolidation: JS-Kit Acquires SezWho
So it appears our service based economy isn't really all that workable. What options to we have from here? Might as well quit complaining and start trying to figure out where we go from here. Any ideas?
"So it appears our service based economy isn't really all that workable. What options to we have from here? Might as well quit complaining and start trying to figure out where we go from here. Any ideas?"
The time for complaining has not yet passed. The system has to literally break before we can fix it. For now, the drumbeat of the useless corporate horde continues unfazed...
Front Porch Republic
Would this number (part-time for economic reasons) include those (both state on private)workers who have been furloughed 1 or 2 days a month?
Oops...comment went away, then came back. Sorry for the re-worked repeat.
Is there any data on unemployment by income brackets? I'm curious what the unemployment dispersion is among demographic groups.
Anecdotally, it seems this recession/depression is just beginning to hit white collar professionals and higher earners, but I'm curious to see if the data supports my assumption. It would have implications for future home price declines in the more expensive, "sticky" areas.
I'd also like to understand how the current crisis effects income disparity in this country.
Hondo, I don't believe it does. They haven't had enough of a reduction in hours to be counted as part time yet. I'm guessing it kicks in at 32 hours.
Bob Dobbs: Do we still have cobblers here? Maybe some hippie sandals. Good luck with that.
why don't we all just clone ourselves then we can all have a slave to do our labor.
after all, wouldn't it be in our self interest to enslave ourselves?
1 mean, to cooperate with ourselves, that would be unamerikun
See David Brin's scifi.
We have lived in a country where the % of the total population that has been employed was ridiculous, with a 2 income family was the norm. What a terrible thing. We had an employment bubble and it is now popping. Hopefully, it never gets reinflated and we can get back to a time where "family" means something and a mom (or dad) can stay home and raise the kids.
Bachelor for life.
Right on. Daycare is doing a piss-poor job of raising our children.
Hopefully, it never gets reinflated and we can get back to a time where "family" means something and a mom (or dad) can stay home and raise the kids.
Perhaps. but there are other possibilities besides stay-at-home parent vs daycare.
among them: grandparents stay at home and watch the kids
other relatives watch the kids.
This is very common in many Asian and African cultures as example. For instance, I lived with several Tribes in Africa where the grandparents raised the kids and the parents went to work each day. all 3 (sometimes 4) generations lived in one building. talk about family values.
I like that idea too.
..and if grandparents all die off too early due to lack of adequate healthcare, poor environmental conditions, poisonous consumer goods and disease?
COULD SOMEONE PLEASE THINK OF THE CHILDREN....
Oops. this was me:
Perhaps. but there are other possibilities besides stay-at-home parent vs daycare.
among them: grandparents stay at home and watch the kids
other relatives watch the kids.
This is very common in many Asian and African cultures as example. For instance, I lived with several Tribes in Africa where the grandparents raised the kids and the parents went to work each day. all 3 (sometimes 4) generations lived in one building. talk about family values.
Here come the stay at homers...where every problem in the world is caused by both parents working. Which means 3rd world countries where one parent staying at home is the norm (I know because I grew in one) have the whole parenting thing nailed (NOT). Has anyone considered that both parents might work because they want to? That they have goals and ambitions besides just having kids and that millions of families are raising perfectly good kids with both parents working?
All you Damn Furriners go home and leave California to the Pomo's!
Apologies in advance for this very OT post...But my (very stubborn) Dad has finally decided it is now time to panic...So, can any of you point me in the direction of a good credit union in the Columbus, Ohio area??? Thanks...
TC, go here: Bankrate.com Safe & Sound (tm): Bankrate free rating system for banks, thrifts, credit unions
and search for a credit union in your area with a 4-5 start rating.
It's not a perfect system but probably the best available.
Give him these too:
| Sentry® Safe | Home Safes Business Safes Gun Safes Data Safes Auto Safes
Sealy Posturepedic®, the Mattress made for a Better Six hours of sleep
We're actively heading towards a economy where both moms and dads can stay home, and the government will send them a check each month.
The people that actually works and pay taxes are the suckers...
I'm beginning to feel that way...me and my wife have been responsible...it's gotten us nothing...
most people our age are just having the time of their lives, oblivious and swiping that card as often as necessary...
Quit feeling like you're the only one who is responsible. That isn't going to get you anywhere.
There are plenty of folks out there with some sense. My parents' retirement has been halved. Hopefully dad's pension holds water (he just turned 50). They are very conservative, pay cash for vehicles, paid off their fist house, put half down on the second, and save nearly 20%/month. My whole family is like this- and many others that I know as well.
Maybe this is more common in the midwest.. where people are CONSERVATIVE.
Unfortunately conservative brings along with it many other undesirable characteristics.
Yes, it has. Self-respect and the respect of others.
“I am thinking more along the lines of biases and racism. Which is still rampant in the midwest.
Don't forget christian religious intolerance.
EXACTLY what I had in mind.
I was raised with that mindset. Couldn't be further from my opinions now.
I sincerely believe that religion needs to be abolished ENTIRELY.
It came from the dark ages, it needs to be LEFT in the dark ages. Just like the belief that the sun revolves around the earth.
Richard Dawkins saved me from this "Hell" mindset. I can not be more thankful.
Ok, yes, "gotten us nothing" is a bit strongly worded...
This is just the way we choose to live our lives, I don't need anyone to pat me on the back...
It just hurts to see people getting a free lunch when you know you've worked really hard...
Definitely makes me angry too.. I can't argue with that.
I myself am guilty of being a self-perpetuating angry person, especially in regards to this situation.. Positive thinking, positive thinking...
Comrade Janosik, you're flirting with envy there. It can make you unhappy.
Paradigm Lost writes:
Maybe industrial music will go away.
spending day reading blogs : Calculated Risk :: spending night awake with insomnia : Don't Crush That Dwarf, Hand Me The Pliers.
I'd prefer if the new national anthem was closer to 180 BPM...
TC writes:
... can any of you point me in the direction of a good credit union in the Columbus, Ohio area??? Thanks...
BMI Federal Credit Union and Members First Credit Union have received positive reviews. BMI is also part of a credit union network and shares branches and ATMs with certain other area CU's. Google around.
Credit Unions is the American citizen's way of saying NO to TARP bailout pig banks.
country music is only good for a hotel room clock radio alarm when you really really have to wake up in the morning.
i would be able to get at that clock radio in an aquarium of cobras.
agreed. I can't believe people actually enjoy the stuff. Rarely is there a country artist who composes his own lyrics or music.
Country is a corporate cash machine. Dumb people love it.
CR - I believe this number also includes second earners in households (or even retirees) who have entered the workforce as part time employees to make up for either job losses or wage cuts of the primary earners or dimished savings. Given the number of second earners and retirees who have exited the work foce in the past several years this may explain a big part of the spike - those folks are reentering as part-timers at levels you wouldnt have seen in prior periods because they didnt exist at the levels they do today. Not saying the trend is a positive at all - just pointing out that its not solely from people moving from full-time to part-time - I would imagine that a meaningful portion of this comes from people who werent in the work force entering the workforce as part-timers. That would seem to jive what I'm seeing in my area. I know many spouses who have taken part-time jobs in the past few months to make up for economic strain. Same with retirees.
BMI Federal appears to be more of a traditional "we provide great banking services to federal employees" rooted Credit Union and Members First appears to be more of a "we want to make sure that depositor dollars are reinvested in the community" develop partnerships with local organizations, businesses, and charities type of credit union.
possibly double posted
"The next American revolution (if there is one) will likely be conducted over a bass-heavy score. And the new national anthem will feature 90 bpm. I doubt nostalgia for CSN, or whatever it is your deifying, will prove very useful.
el lurko | Fri, 06 Mar 09 11:23:28 -0600 |"
care to cough up a link?
As long as I can download the new national anthem to play online with friends in Rock Band, I'll be satisfied. I'll be happier if it has a challenging bass line of course.
otishertz says:Today, 12:35:41 PM EST
"The next American revolution (if there is one)
So, I take it that there's no place to actually volunteer as yet.
El Lurko: You misunderstand me...I'm sure there are some really good rock bands out there. They've been linked here at times.
It's the repetitive industrial crap that overpowers voice, instrument and with no melody that I'd like to see disappear.
But, hey...I'm no music critic.
The genre of music is here to stay, but will evolve.
Just as hip hop was despised by middle-aged white america when it first arrived on the scene, it has now become common-place and is quite influential.
S&P 666 just 11 pts away
From Table A-5 of the BLS report (in thousands)
Part time for economic reasons............. 8,626
Slack work or business conditions........ 6,443
Could only find part-time work........... 1,764
Part time for noneconomic reasons.......... 18,855
Big supply pf EU nations bond hit next week. Could be interesting
El Lurko: BTW, no nostalgia here. Ready for something new. I like electric.
Let's not get into a Boomer generational war here.
Get mops, buckets, IV's STAT! Bleeding out towards todays close has begun.
Check out NakedCap this AM:
"This tidbit comes in a Wall Street Journal story, "Top Treasury Candidates Pull Out":
Treasury has identified and is vetting other people for top slots, including H. Rodgin Cohen, chairman of top law firm Sullivan & Cromwell LLP and an adviser to virtually every firm on Wall Street, for the deputy secretary position, two people familiar with the matter said.
Sullivan & Cromwell has long been the outside counsel for Goldman, and outside counsel is a vastly more important role for a securities firm than just about any other type of business. In the stone ages, when I worked for a few years at Goldman, certain S&C partners had so much clout at Goldman that they could get a mid-level banker fired. And even then, "Rodg", head of the banking practice, was a very influential figure at Goldman.
After I left Goldman, I was involved in a behind the scenes role on a deal that broke new ground from a regulator standpoint. Cohen was representing the other side, the target of a minority investment. I was later told by a senior bank regulator that Cohen worked against my client's interest in a particularly duplicitous way.
So Cohen is not only deeply tied to entrenched interests, but he plays a ruthless game, with a mild manner that would lead you not to suspect him of that sort of behavior.
In case you think this reaction is extreme, some e-mail comments from reader Marshall:
We should operate from the assumption that Geithner will always surround himself with the most awful Wall Street cronies imaginable. He's totally captive to that ideology. This Administration is going to make Warren Harding's Administration seem like a convention of nuns by comparison."
Wow...that is a stinger of a story.
KFP: I have the feeling that none of these treasury guys will be around for much longer.
Agreed.
The look on Timmy's face says it all.
Just like Blagoveich.
He just looks like a liar.
Timmy is a coward at the core. Doesn't mean he isn't an intelligent guy, but possibly not right for the position. But then again, who WOULD be?
There is some electronic music that is good.......check out Thom Yorke's (Radiohead) Eraser...from a few years ago.
One song is highly fitting in this environment:
YouTube - Thom Yorke - Black Swan
Ciao
MS
After the flak that Obama got for allowing several lobbying "exemptions," he's made it clear that everyone needs to pass the vaunted vetting process.
No one in the finance community can, simple as that.
El Lurko: BTW, no nostalgia here. Ready for something new. I like electric.
Let's not get into a Boomer generational war here.
El Lurko: BTW, no nostalgia here. Ready for something new. I like electric.
Let's not get into a Boomer generational war here.
popeye writes:
otishertz says:Today, 12:35:41 PM EST
"The next American revolution (if there is one)
So, I take it that there's no place to actually volunteer as yet.
popeye | Fri, 06 Mar 09 11:38:52 -0600 | #
Huh, i didn't say that.
SOMEONE IS SPOOFING ME popeye
Oh well--I needed to lose some weight anyway...
"SOMEONE IS SPOOFING ME popeye"
Paranoia
Will destroy ya.
I'm one of these people and it sucks.
What happened to Nostrovia?
I think the real story here is that 161,000 ADDITIONAL jobs were lost just in the revisions to December/ January. The real headline number was over 800,000.
I thought the Birth/Death model revisions in Jan. are supposed to make the data more accurate. THEN WHY WAS DECEMBER REVISED DOWN WITH OVER 100,000 MORE JOB LOSSES????????
It should be mightily obvious that they are gaming the numbers to spread them out.
Does anyone know if 161,000 is the biggest downward revision recorded?
otishertz,
Sorry. I took that from one of your posts in which you were quoting someone else without making that clear. I'm not spoofing you.
KC Fed's Hoenig makes alot of sense
Guest writes:
Give him these too:
| Sentry® Safe | Home Safes Business Safes Gun Safes Data Safes Auto Safes
http://www.sealy.com/
Been done that...Thanks for the laugh...And thanks to I Heart..Hoops..Guest...et al for the info...
Has anyone read/heard anything about Powerco Credit Union???
"Just as hip hop was despised by middle-aged white america when it first arrived on the scene, it has now become common-place and is quite influential.
Guest | Fri, 06 Mar 09 11:45:23 -0600 | # "
it is the ultimate irony that hip hop is becoming influential.
originally, the whole thing smelt of diapers and deliberate corporate infantilization.
a mass media co-opting and commodifying of street resistance, in order to neutralize it, the original intent of hip hop was refocussed to emphasize bling and greed..
i mean, hip hop oversized fashion? who bought that?
lol.
Great points, sir, great points.
Good article looking at unemployment number of individuals out of work/underemployed not percentages as a measure comparing now with the Great Depression.
1930s Unemployment vs. Today: It's About People, Not Percentages -- Seeking Alpha
(via TPM)
I think I'm starting to crack the whole is starting to seem quite hilarious..........
Yahoo News
Yahoo! 404 - Page Not Found
Britain's Clown Shortage: New Visa Rules Hit the Circus
By WILLIAM LEE ADAMS / LONDON William Lee Adams / London – Fri Mar 6, 8:45 am ET
Alexandra, an acrobat, performs a sequence during a dress rehearsal Reuters – Alexandra, an acrobat, performs a sequence during a dress rehearsal to celebrate the 120th anniversary …
Circus performers can twist themselves into pretzels and somersault through rings of fire, but even they are struggling to jump through new hoops set up by the U.K. immigration authorities. In November, the British Home Office introduced a points-based system to crack down on illegal immigration and create what its web site describes as "a significantly more straightforward and transparent structure." It's easy enough for foreign trapeze artists and acrobats to secure the requisite points for entry into Britain based on their unique skills. But ringmasters say that various problems with the new system - including faulty computer software and poorly trained embassy staff - are preventing international talent from reaching Britain's big tops.
"My season started in February," says Martin Lacey, owner of the Great British Circus, "and I've got comedy acrobats stranded in the Ukraine, and Mongolian horse riders who were refused their visas in Ulan Batur." The holes in his lineup have forced Lacey to draft last-minute substitutes. "Our Mexican clown is stuck in Mexico, so we've got a trapeze artist pretending to be a stooge just to get everybody out of trouble," he says. "It's a mess." (See pictures from the circus.)
And it's totally incompatible with the needs of Britain's circus sector.
Clown shortage?! What, they don't have analysts in Britain?
I have always found clowns to be frightening.....
We should all get jobs in the circus, the big top...oh wait a minu........
Paranoia
Will destroy ya.
Broward Horne | Fri, 06 Mar 09 11:57:41 -0600 |
you are rocking old school
Sheesh...double post. How'd that happen?
Re: Music...hey, I said "industrial", not electronic. I gots nothing against the electric.
"grandparents stay at home and watch the kids"
I want to be a stay-at-home-and-watch-teevee dad.
Lawyer Liz: You likey Brin? If so, check out his blog, Contrary Brin. Pretty good.
"Bob Dobbs: Do we still have cobblers here? Maybe some hippie sandals. Good luck with that."
Guy just opened a shoe repair shop one town over; he's mobbed. It's his second store; first one was in Silicon Valley. Also doing well.
I buy Red Wing shoes mainly, because my back likes them. They all used to be made in USA, and mostly still are. But some aren't. Bought a pair recently at the Red Wing store, and also saw a pair that looked near-identical for $30 less. The difference? The cheaper ones couldn't be resoled -- and weren't made in the US.
I bought the more expensive, renewable ones -- which will be cheaper in the long run. I think we'll all learn that soon.
We had a leather factory here in town tanning leather and making leather products until recently, when they got priced out by the Chinese (who don't have to pay for pollution controls -- they just dump the acid in the river). I think before long shoes will be made locally again, or regionally. And they will all be more expensive: but resolable.
Purchasing more durable, locally made shoes, also assumes that those buying the shoes will not be buying new shoes every year or so solely to stay "in style" or keep up w/latest fashion. Can't wait to see parents denying their kids money to keep up with peers or latest cool/hot person/group of people.
Newest Post:
"Will Suspending Mark To Market Suspend Reality? With Former Fed Governor Robert McTeer And Jon Najarian. Kudos to Michelle Caruso Cabrera"
Snip:
"On the 2nd video inside McTeer admits to buying Citigroup last fall at $15 per share. How could the former President of the Dallas Federal Reserve be so blind and dumb as to not realize the end game for Citi., you wonder? Firstly, because he's a failed Keynesian who believes in miracles. And secondly, it's a perfect demonstration that even former Fed Presidents don't do their homework, and, more damningly, don't understand the extent of the problems at some of our banks. I say it all the time, but I can show you tens of thousands of people who have known since at least last Spring that Citi would eventually find a home in the land of nada, home of the zeros. Why were we so smart? Because we read every single piece of research out there both positive and negative, and we don't subscribe to the investment philosophy of hopes, dreams and sugar-coated rainbows."
Bailout CNBC Video: Will Suspending Mark To Market Suspend Reality? With Former Fed Governor Robert McTeer And Jon Najarian. Kudos to Michelle Caruso Cabrera - Home - The Daily Bail
And yes, I was talking about the people here at CR when I said tens of thousands have known since last Spring, etc.
I've decided if my employer lays me off I'm going to rob them blind.
Looks like the market got a whiff of 88 trillion.
JPM-9.4%
"I'm beginning to feel that way...me and my wife have been responsible...it's gotten us nothing... "
I wonder how much of us comment readers chuckled when we read this.
I know I (a single father) feel this way.
the solar nihilism will soon yield its rotten fruit...
the baby doomers children will find their future ostensibly fun free...
Special circumstance of note. Those of us who have been self employed, Sched C or similar for years if not decades are a growing segment. I've seen a lot less work recently but none of that is ever going to make its' way to the BLS data. People like me have dropped off their radar.
Excellent point as small business, contract workers, have grown into a significant part of the work force.
New Thread: Fed's Hoenig: 'Too Big has Failed'
http://www.calculatedriskblog.com/2009/03/feds-hoenig-too-big-has-failed.html ( 0 comments ...You could be FIRST! )
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CRbot would like to take this time to have some words.
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Please, for the love of your immortal God of mortals, can we keep the comment and layout changes to a minimum? I'm tired of whipping the code janitor, and may have to escalate to electroshock. If that's not possible, could you possibly give CRbot a 'heads up'?
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Those of us who have been self employed, Sched C or similar for years if not decades are a growing segment.
I agree. Wife and I left the W-2 world in 03. I doubt we're in anyone's numbers.
I think before long shoes will be made locally again, or regionally. And they will all be more expensive: but resolable.
Bob Dobbs | Fri, 06 Mar 09 12:15:38 -0600 | #
custom shoes / boots are always cheaper in the long run. and way more comfortable.
buffalo boots can go ten years
Does this include people who were retired but went back to work part-time when their portfolios tanked?
All this talk of moving away from banks (and FDIC insurance) doesn't make any sense. There would be a nationwide riot if the FDIC did not perform its promises. That is why they are attaching other liabilities to its balance sheet. It is safe to hide behind all those voters. If (when) they monetize their debt, your USD's will be just as worthless in a credit union.
shoe thread item: Ralph Nadar bought 10 pair of combat boots at a Surplus store early in his noncareer and wore them everywhere for years.....
shoe thread item: Ralph Nadar bought 10 pair of combat boots at a Surplus store early in his noncareer and wore them everywhere for years.....
Part-time will stay up permanently with socialized medicine. Why work 40 hours if your health care won't improve because of it? 40 hours is only because of health care benefits, right?
"Wife and I left the W-2 world in 03. I doubt we're in anyone's numbers."
12.5m unemployed (8.1%)
8.6m part-time unemployed (for econ reasons) (5.6%)
2.1m "marginally attached" unemployed (1.4%)
23.2 million actually unemployed (15%)
That's how I get the "2X" U-3 that I call "Real" UE. No sense in using figures that better reflect the total people out of work. Include the million+ working/not working under 1099s and you're talking big actual percentages of peoples not counted.
1099 workers (self-employed) totaled 10.5 million people in 2007 and are not accounted for in any unemployment figures.
Nice explanation of the U3 and U6 unemployment rates here - Capitalism Gone Wild: U.S. Headline Unemployment (U3) at 7.6 pct, but Real Unemployment (U6) was 13.9 pct in January 2009
also some data that shows how much worse the West Coast is - Capitalism Gone Wild: California Unemployment Surging Ahead of the Nation Now at 10.1% (U3) - a Wide Disparity Over the U.S. East Coast
This graph would be FAR more interesting if it were adjusted for US population (or workforce). Of course we should have substantially more nominal temp workers than the '60s. I suspect the result would still be ugly but not nearly as bad as your current graph.