September 03, 2011
— rdbrewer Nouriel Roubini, a/k/a "Dr. Doom," went on Bloomberg TV to make his latest predictions about the world's economy:
WeÂ’ve reached a stall speed in the economy, not just in the U.S., but in the euro zone and the UK. We see probably a 60 percent probability of recession next year, and, unfortunately, weÂ’re running out of policy tools.....and sovereigns cannot bail out their own distressed banks because they are distressed themselves.
(Emphasis mine.) At the Ambrosetti Forum in Italy, Roubini said in an interview with CNBC that the situation is worse that 2008, that this time there is fiscal austerity and that banks "are being cautious."
Business Insider says Roubini has been predicting a double dip recession for four years, however, and adds:
Remember, this is the traditional summer doldrums, and markets are still reeling from the unprecedented downgrade of the U.S. debt by S&P, black swans flocking in Europe certainly has only added to the market turmoil and volatility. So it is logical to see some mixed and somewhat pessimistic data coming out of this current environment, but they are not indicative enough to extrapolate out a recession.
They go on to remind us that 2012 is an election year and that "the Fed, the Obama Administration, and the Democratic Party will pull out all the stops to stave off a downright recession." But I wonder if the Fed belongs on that list.
Posted by: rdbrewer at
05:57 AM
| Comments (118)
Post contains 248 words, total size 2 kb.
Posted by: learflyer at September 03, 2011 06:03 AM (9vscO)
Posted by: sven10077 at September 03, 2011 06:03 AM (AEIYh)
Posted by: The Office of the President at September 03, 2011 06:03 AM (Yd5KG)
Posted by: John P. Squibob at September 03, 2011 06:04 AM (kqqGm)
Posted by: sven10077 at September 03, 2011 06:06 AM (AEIYh)
Posted by: sven10077 at September 03, 2011 06:07 AM (AEIYh)
Posted by: sven10077 at September 03, 2011 06:09 AM (AEIYh)
Well, that's a good point. I'd be far less concerned about escalating credit card debt if I knew all along I was going to default. Speaking of which, I think I'll mosey over and apply for a BoA Platinum while there's still time ....
Posted by: The Office of the President at September 03, 2011 06:10 AM (Yd5KG)
Posted by: Zombie Margaret Thatcher at September 03, 2011 06:13 AM (nDHWL)
Posted by: pep at September 03, 2011 06:13 AM (6TB1Z)
I live in Michigan.
We're in the "Obama Depression."
Although, as expected, the upper union zombies still support Prez Downgrade.
Posted by: shibumi at September 03, 2011 06:13 AM (z63Tr)
Posted by: Zombie Hitler and Mussolini at September 03, 2011 06:14 AM (6TB1Z)
Leeroy Jenkins!
http://www.youtube.com/watch?v=LkCNJRfSZBU
"Least I have chicken"
Posted by: Additional Blond Agent at September 03, 2011 06:15 AM (uehxp)
Posted by: willow at September 03, 2011 06:15 AM (h+qn8)
Posted by: Margaret Thatcher at September 03, 2011 06:16 AM (qZb8X)
Posted by: steevy at September 03, 2011 06:17 AM (1Nzoh)
Posted by: willow at September 03, 2011 06:17 AM (h+qn8)
Posted by: Mayday! Mayday! at September 03, 2011 06:18 AM (nDHWL)
Posted by: dagny at September 03, 2011 06:18 AM (R6Ct+)
Posted by: rdbrewer at September 03, 2011 06:18 AM (S/Ars)
guess it doesn't matter both lead to the same end.
Posted by: willow at September 03, 2011 06:19 AM (h+qn8)
Posted by: Margaret Thatcher at September 03, 2011 06:19 AM (qZb8X)
Posted by: USS Diversity at September 03, 2011 06:20 AM (aD5Kx)
Posted by: rdbrewer at September 03, 2011 10:18 AM (S/Ars)
Stupidity: Doing the same thing over and over again, expecting a different result.
It didn't work the first time and it won't work the second time.
Posted by: Tami at September 03, 2011 06:20 AM (X6akg)
Posted by: Margaret Thatcher at September 03, 2011 06:20 AM (qZb8X)
Don't worry about it, Obama's pals can orchestrate another financial crisis just like 2008 after McCain took the lead in the polls, thus making sure Obama get re-elected.
At 2 minutes, 20 seconds into this C-Span video clip, Kanjorski reports on a "tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars." According to Kanjorski, this electronic transfer occured over the period of an hour or two.
Oh, wait, you mean it doesn't work if you are already in office? Who knew? Funny how this story of sovereign level funds being extracted at the same time has never been really investigated by the media. Anywhere. Scary stuff.
Posted by: Lord Humungus Wasteland Teahadi at September 03, 2011 06:21 AM (Yv6gq)
i assume it would be along the lines of a vegetarian shop. you know for the good of the children . and hell if you demand everyone eats their peas we will be great people and Successful
Posted by: willow at September 03, 2011 06:21 AM (h+qn8)
the ONLY stimulus that can work is stimulating Barry via his terror at losing his job being impeached to reining in EPA and then waiting to see which businesses are competiong well unaided and keynesianing in efficiency aiding improvements to their material flow.....
probably giving grants to US based resource exploitation companies to start harvesting the untapped resources on federal preserves as well....
so it is about as likely as me getting to nail Aneglina Jolie
Posted by: sven10077 at September 03, 2011 06:22 AM (AEIYh)
Posted by: pep at September 03, 2011 06:23 AM (6TB1Z)
no I think they finally grasp if things don't improve the Donkey party is in for a "lost decade" of their own....
a lot of the working poor seem convinced here in Souther Indy metro finally that he has NO IDEA what he is doing
Posted by: sven10077 at September 03, 2011 06:24 AM (AEIYh)
Economists are the smartest people on earth, outside of our Lord Barack.
Yes, of course QE + Infinity will work.
It is also widely known and accepted in the elite circles that a hurricane that kills thousands millions in republican districts would stimulate the economy, as would an invasion by ET that kills thousands millions in republican districts.
Posted by: Paul Krugman, Nobel Prize Winner at September 03, 2011 06:25 AM (z63Tr)
Posted by: Osama bin Truck Monkey, TEArrorist at September 03, 2011 06:25 AM (jucos)
they'd happily take the oath and then get to vote buying(which is all the welfare state is) within a millisecond of giving you the oath
Posted by: sven10077 at September 03, 2011 06:25 AM (AEIYh)
College football all day long, wife in NYC, nothing to do but watch, eat, drink, repeat...
Posted by: Lincolntf at September 03, 2011 06:26 AM (Qjh0I)
Posted by: willow at September 03, 2011 06:27 AM (h+qn8)
on the next episode of Quincy! Nobel Economist I will give the post-mortem on a fool who honestly thought he was smarter than 330 million people and had a better grasp of their individual economic situation than they do!
//tune in
Posted by: sven10077 at September 03, 2011 06:27 AM (AEIYh)
Posted by: willow at September 03, 2011 06:28 AM (h+qn8)
what was that horrid speed rip-off?
TERMINAL VELOCITY!
Yeah baby....
in all honesty we in Moron nation should be setting up rally points for friends and family.....
what'll happen is when people start sinking below the water they will collapse back into family communes and then you'll know the economy is well and truly fucked.....
I am already planning on having to put up my brother
Posted by: sven10077 at September 03, 2011 06:29 AM (AEIYh)
they'd happily take the oath and then get to vote buying(which is all the welfare state is) within a millisecond of giving you the oath
No, I'm sure they'll honor their oaths. They are, after all, our duly elected reps, and take their responsibilities seriously. But to be sure, we could wire them all up and if 51% of the people disapprove of what they do, we give 'em the juice. Not that I've fantasized along these lines or anything.
Posted by: Will Folks at September 03, 2011 06:29 AM (6TB1Z)
Technically, we did, but it was a dead cat bounce.
1) The economy shrinks for two quarters, contracting 10%. Recession
2) The economy grows for two quarters, expanding 2%. Recession over.
We are worse off than before, but by the old definition, out of recession. We need a new model.
Posted by: fluffy at September 03, 2011 06:30 AM (4Kl5M)
It's the DOOM you called down by overspending, overtaxing, and over-regulating, comin' down on yo'sef'...
( Unfortunately on us, too, but "we" were stupid enough to give you an office you can't handle... )
Posted by: Preference Cascade at September 03, 2011 06:30 AM (rFdqZ)
Posted by: rdbrewer
..........
They did it wrong the first time.. A few measly percent went into infrastructure, and most of it went to keeping lazy-assed state employees (union of course) in their cushy jobs..
Although, it did raise the GDP a few percent, but was it worth it??
Now, maybe a couple trillion into pure infrastructure.. roads,etc.. big fucking projects.. that might help, but stimulus only lasts for so long.
Posted by: Chi-Town Jerry at September 03, 2011 06:30 AM (UTq/I)
Posted by: Zombie Milton Friedman at September 03, 2011 06:31 AM (qZb8X)
By "pull out all the stops", I assume they mean "seriously cook the books". What are these Marxist puddingheads going to do which they haven't already tried and failed with?
Posted by: Waterhouse at September 03, 2011 06:31 AM (UpTcc)
Posted by: willow at September 03, 2011 06:31 AM (h+qn8)
//tune in
Ha! The jokes on you!
I only watch PBS!
Posted by: Paul Krugman, Nobel Prize Winner at September 03, 2011 06:31 AM (z63Tr)
at least that's what i heard on mfdnc
Posted by: willow at September 03, 2011 06:32 AM (h+qn8)
Posted by: fluffy at September 03, 2011 10:31 AM (4Kl5M)
You're hired!
Posted by: President's Economic Team at September 03, 2011 06:33 AM (X6akg)
Look I am still your biggest fan musty smell and all, but I fear that the current business class is simply too retarded to quit the Keynes drug unaided by a gradual weaning.....
that is why I added my caveat.....
I made a couple posts inspired by YOU sir over in monty's econ thread....
http://minx.cc/?blog=86&post=320890#c14495514
Posted by: sven10077 at September 03, 2011 06:34 AM (AEIYh)
Posted by: fluffy at September 03, 2011 10:31 AM (4Kl5M)
I was wondering what that smell was.
Posted by: Osama bin Truck Monkey, TEArrorist at September 03, 2011 06:34 AM (jucos)
So the question to ask is, given that you controlled all of the government, and you assured us that this was what was needed, why the hell would we trust you to know what you're doing now?
Posted by: pep at September 03, 2011 06:34 AM (6TB1Z)
Posted by: Oldsailor's poet at September 03, 2011 06:35 AM (ZDUD4)
Posted by: fluffy at September 03, 2011 10:30 AM (4Kl5M)
Just take government spending out of GDP, then the last 5 years would be a continuous horror show, coinciding with when the Dems got Congress.
Posted by: zmdavid at September 03, 2011 06:35 AM (Lvvct)
that would probably be an awesome Guerrilla Campaign Ad we could run on youtube....
call it URBAN SURVIVOR and never mention the admin once but show the impact of their policies
Posted by: sven10077 at September 03, 2011 06:35 AM (AEIYh)
Posted by: Fritz at September 03, 2011 06:36 AM (YhI7X)
Hell you know the answer to that, boos, and the GOP ,
doesn't have to make sense just must be said so Dem voters can still feel really good about their vote.
Posted by: willow at September 03, 2011 06:36 AM (h+qn8)
What? That's a Norman Rockwell painting, that's what that is.
Posted by: Barack Obama at September 03, 2011 06:36 AM (6TB1Z)
Posted by: Oldsailor's poet at September 03, 2011 06:37 AM (ZDUD4)
Posted by: sven10077 at September 03, 2011 10:35 AM (AEIYh)
sven I'm game but i don't know a thing about using tech, hell i'm still learning to type!
but i know there are smart people out there that could ,and I think it would be great learning tool for the future.
heh
Posted by: willow at September 03, 2011 06:38 AM (h+qn8)
The best the we can do for our economy is to ramp up domestic energy production. Drill here, drill now. Drill ANWAR, frak Pennsylvania, build clean coal conversion plants. Put Americans to work & lower energy costs for all Americans.
Will this solve everything? Of course not. Will this make our economy substantially better? Can I get an 'Amen!' from the choir?
America has the flu, folks. I'm prescribing home-made chicken soup & and a glass of OJ. Dr Krugman wants to pull out yet another leach.
Posted by: fluffy at September 03, 2011 06:38 AM (4Kl5M)
SUVs will be an interesting tool for drying out your slain meat when the fuel goes......
remember people the History Channel's "Life After People" is not a cautionary tale to Dems it is a roadmap
Posted by: sven10077 at September 03, 2011 06:38 AM (AEIYh)
Posted by: Oldsailor's poet at September 03, 2011 06:39 AM (ZDUD4)
mustn't pass up an opportunity to enjoy not having to go to work ya know!
Posted by: willow at September 03, 2011 06:40 AM (h+qn8)
Because we're going to give OUR voters free sh*t.
And because we're the smartest people EVAH.
Posted by: Paul Krugman, Nobel Prize Winner at September 03, 2011 06:41 AM (z63Tr)
Posted by: creepy stalker at September 03, 2011 06:41 AM (UpTcc)
a little known fact of the Roarin' reagan 80s was that having James Watt in charge at interior meant that the stewardship of the US' holding was geared to "make a buck" for the first time since Nixon.....
it has been geareed towards "gum up the works and save the whales" since clinton
in other words a Perry driven US natural resources matrix would have us roar back to life IMHO because part of what makes us competitive and allowed us to get investment despite the donk's constant cost adding interference was cheap energy....
just using our coal we can have the cheapest energy on Earth
Posted by: sven10077 at September 03, 2011 06:41 AM (AEIYh)
Click my name for a InstaP. linked must-read piece. Scroll down to the third letter that starts off "Dear Rawles Family". It's a woman who prepped for a storm or worse despite her husband's best efforts. I'm glad they are okay, and it's hysterical to read how she handled the situation and her husband.
This is important because he hated that I am a prepper. He took stuff out of the car that I put in. He removed supplies when I am not looking from bags I have packed and has gotten into heated arguments with me when I try to get him to buy one extra can of meat at the store. He will not, under any circumstances allow me to store water. He would rather sock money away, I would rather sock supplies away. For the first time, he was glad I was a prepper. I warned him that if he took anything out of our vehicle without telling me and we needed it on the way home that I was going to kill him. We were fine.
Posted by: Mama AJ at September 03, 2011 06:41 AM (XdlcF)
the thing is we may have to go Nomadic and collapse into tribes to be able to survive without the $uper$tate.....
it is REALLY really scary that Jugears shot his wad for the most part and is not sub 25% approval
Posted by: sven10077 at September 03, 2011 06:43 AM (AEIYh)
Higher wages in the third world are already forcing American companies who moved offshore to reconsider coming back.
We buy a lot of shit in this country.. demand is there. Problem is, we don;t make a lot of that crap anymore.. Lower energy prices as another inducement.. lower corporate taxes.. make them lower than any of our competitors... I'm thinking about 15-20%. That'll get things humming again.
Oh... and one more thing.. government paid or assisted projects need to use American made products. I look at all these wind farms going up, and where is that stuff made? Germany, Brazil.. not here.
Posted by: Chi-Town Jerry at September 03, 2011 06:44 AM (UTq/I)
Really? That's interesting...do you have a link where I can read about it?
Posted by: Tami at September 03, 2011 06:46 AM (X6akg)
my only fear with state madated domestic acquisition is YOU KNOW WHO blew half a billion dollars on a photo op with a vendor who couldn't do shit for our needs....
Posted by: sven10077 at September 03, 2011 06:46 AM (AEIYh)
I think we are moderately to significantly screwed for quite a few years ahead.
What Obama should have done in 2009 was to reduce excess FedGov spending and significantly reduce taxes on corporations, dividends and capital gains. That would have taken 12 - 18 months to show the beginnings of real growth, but if would have refueled the capital markets and encouraged business growth. And get Fanny Mae and Freddy Mac to stop underwriting bad/low cost home loans - the housing market had to find a bottom.
These things, though, are anathema to the modern Democrat Party, and are, in fact, the opposite of what they did. MORE government spending, accelerate the regulatory state, bail out GM and Chrysler (the senior bond cramdown) instead of letting the natural bankcruptcy take place and then maybe afterwards help with the restructuring of newly organized corporations. Juice up Fanny and Freddy some more (and FHA too). Create the legislative structure for government mandated healthcare with a raft of new mandates and taxes.
This means that whoever follows Obama will have to really administer some hard medicine to find a floor to the markets. Whoever follows Obama will likely be a one - term President because they will have to do a lot of unpopular things just to shake out the sickness in our economy. And even after, there is no guarantee that the economy will actually get better anytime soon.
Posted by: Reader C.J. Burch writes... at September 03, 2011 06:47 AM (sJTmU)
yeah my stress level has hit the roof and perhaps i'm being hyperbolic
Posted by: willow at September 03, 2011 06:47 AM (h+qn8)
Looks like YouTube yanked the video.
Posted by: Lady in Black at September 03, 2011 06:47 AM (ycuSb)
Go on.
Posted by: Messrs. Smoot and Hawley at September 03, 2011 06:49 AM (6TB1Z)
Posted by: sven10077
......
I know.. But, there are always going to be public works projects that get their fund (or financing) at least in part from the feds. Cronyism does have its pitfalls, and that exists in good supply here in America.
But I'm talking about things like GE making their windmill parts out of country to import back here! It just ain't right.
Posted by: Chi-Town Jerry at September 03, 2011 06:50 AM (UTq/I)
I heard an O-puppet say on Bulls&Bears this morning that it was "not politically feasible to do that at this time"....regarding raising the minimum wage.
That seems to be the theme with team Clusterf*ck these days: 'Not politically feasible to do that at this time".... Hence the halting of those EPA regs, and anything else that could be politically damaging to KingPut's reelection next year.
All of which portends the epic f*ckery that lies in store for us if we lose next year.
Posted by: ConservativeMenAreJustHotter at September 03, 2011 06:52 AM (EprMc)
Posted by: LaQuisha Swartz at September 03, 2011 06:53 AM (qXGZK)
Really? That's interesting...do you have a link where I can read about it?
=================
Don't have a link, but an anecdote. I work in IT for a big financial outfit. I have co-workers in India. Phone and IM connection is completely transparent. Cultural differences are a pain in the ass. Management doesn't want to use them. My group of about 12 is looking to hire 3 people locally, two of whom are replacements.
Posted by: fluffy at September 03, 2011 06:55 AM (4Kl5M)
I understand the temptation, but what's the difference between this and using the government to prop up unrealistically high wages at GM or unrealistically high housing prices? Better that we come to grips with the reasons for our lack of economic competitiveness, and do what we need to do to become competitive again.
Posted by: pep at September 03, 2011 06:56 AM (6TB1Z)
That tale warmed my black little heart. I linked to that page earlier in some of the stuff I run in my own Bailiwick.
Posted by: backhoe, Hobbit tea-roar-ist of Doom at September 03, 2011 06:57 AM (rFdqZ)
Posted by: dagny at September 03, 2011 10:18 AM (R6Ct+)
----------
They....are....aren't they? There is a diabolical pattern to it.
What worries me is that there are so many things that could happen between now and Nov 2012. Their desperation could trigger any number of things.....and none of it would be good.
Posted by: ConservativeMenAreJustHotter at September 03, 2011 07:01 AM (EprMc)
Posted by: fluffy at September 03, 2011 10:55 AM (4Kl5M)
Thanks fluffy...but that's 2 people in a 'big financial outfit.' It also doesn't sound like 'higher wages' are the driving force behind that decision.
I'd really like to read about what Chi-town Jerry claims.
Posted by: Tami at September 03, 2011 07:04 AM (X6akg)
Posted by: Mama AJ at September 03, 2011 07:04 AM (XdlcF)
unfortunately, weÂ’re running out of policy tools.....
As long as the policy is intervention, control, and overregulation, the economy will never improve. Capitalism has been tinkered with for a long time and forced by law to do things for which it was not designed (think Gibson Guitars). Those who enjoy its destruction have made the situation what it is today, and then have the audacity to say it doesn't work.
HTF can it when it's been distorted beyond recognition?
What is needed is relief from government, a concept that escapes a lot of people.
Posted by: BackwardsBoy at September 03, 2011 07:05 AM (d0Tfm)
Cut. Jib. Newsletter.
How bout while we're at it we implement some changes to better nourish the good ole American entrepreneurial spirit. This morning's edition of the WSJ has a good oped piece on the topic.
Unfortunately for us, under SCOAMFOTUS that's a pipe dream.
Posted by: Piñon Farmer at September 03, 2011 07:06 AM (IzuWw)
>>What is needed is relief from government, a concept that escapes a lot of people.
That's a great idea! I'm going to give a series of speeches, at times that are inconvenient and costly to people, groups, and/or companies; followed by setting up a task force that will meet every other week in Las Vegas.
Posted by: B.O. at September 03, 2011 07:09 AM (XdlcF)
Obama, " I have noticed congress has not been putting enough effort towards job creation , so I have decided by executive order to implemnt a plan A-B-C-D etc. These plans will take us into 2014-2015 to see the full benefits, and I'm the only one that can pull us out of this Mess Bush and Congress have created! So keep the faith , I will create 20 million jobs by 2014 I just need you to work with me
Thank you , ."
Posted by: willow at September 03, 2011 07:14 AM (h+qn8)
Mr. Mittens, for one.
Posted by: beedubya at September 03, 2011 07:19 AM (AnTyA)
#90
am Black, therefore I must vote for Obama. Even if it screws me over to prove I am proud to be black !!!!!!!!!!!
My wife was complaining about the very same thing and I got to thinking about where the largest concentration of Blacks live. The 2010 census breaks down this info by state and with rare exception the states that are Red such as the South have the highest % of Blacks. They vote like a communist block( 96%) but the electoral vote goes to the Repub. in the red states. Illinois has a high % Black but they are reliably Blue anyway, so I don't think they really can sway a national election as much as they can screw up local and state.
Posted by: Velvet Ambition at September 03, 2011 07:19 AM (0OJd9)
Posted by: Oldsailor's poet at September 03, 2011 07:20 AM (ZDUD4)
Posted by: BackwardsBoy at September 03, 2011 11:05 AM (d0Tfm)
"Those who enjoy its destruction have made the situation what it is today, and then have the audacity to say it doesn't work."
--------
They've put every imaginable hobble on our system of free market capitalism....so that they can stand back and declare that "Capitalism doesn't work". It makes my ears ring when I hear that.
--------
"What is needed is relief from government, a concept that escapes a lot of people."
--------
There's a governor down in Texas who wrote a book about that. Heh.
Posted by: ConservativeMenAreJustHotter at September 03, 2011 07:23 AM (EprMc)
Posted by: GM and the UAW at September 03, 2011 07:38 AM (Ou4YC)
http://tinyurl.com/68q8xg6
Moving back to America
The dwindling allure of building
factories offshore
“Sometime around 2015, manufacturers will be indifferent between locating in America or China for production for consumption in America,” says Mr Sirkin. That calculation assumes that wage growth will continue at around 17% a year in China but remain relatively slow in America, and that productivity growth will continue on current trends in both countries. It also assumes a modest appreciation of the yuan against the dollar.
Posted by: Chi-Town Jerry at September 03, 2011 07:38 AM (UTq/I)
Their only tool left is another 2008 Trick--and if that happens we need to get Medieval on their ass, as Tarantino says
rough seas ahead
Posted by: SantaRosaStan at September 03, 2011 07:39 AM (UqKQV)
Posted by: Tami at September 03, 2011 07:49 AM (X6akg)
Hmmm ... Once again, we will borrow vast sums of money that our children and grandchildren will have to pay back, with interest, in order to line the pockets of crony capitalists and other politically favored Democratic special-interest groups, none of whom is either interested in, or capable of, generating new wealth.
Sounds like a plan!
Posted by: Brown Line at September 03, 2011 07:51 AM (k+PSJ)
Maybe the trend is in this direction - I hope so. But just this morning, I was looking to order a pair of jeans from the Duluth Trading Company's catalogue. The style I was looking at - the midweight five-pocket jeans - were $79.50 from a domestic manufacturer, and $39.50 imported. Pretty much the same product, from what I could tell, except that the import had more features.
Again, this is anecdotal evidence, your mileage may vary. But it does suggest to me that both we and China have a way to go before that tipping point is reached.
Posted by: Brown Line at September 03, 2011 07:59 AM (k+PSJ)
both we and China have a way to go before that tipping point is reached.
Yes. But then, Duluth isn't necessarily selling those jeans made in America, including imports in their catalog inventory.
On tipping China, consider also how to halt the US taxpayer funding for domestic China's educational system.
Posted by: maverick muse at September 03, 2011 08:06 AM (lpWVn)
Posted by: Brown Line
............
Also.. you will never bring everything back here. Some items are more labor intensive, like clothing. It's almost all labor in its cost.
Something like refrigerators, or air conditioners, which require lots of parts from various partners may well be more competitive here.
Posted by: Chi-Town Jerry at September 03, 2011 08:10 AM (UTq/I)
11!1! No where are those welfare recipients who've never held jobs mentioned in the stats.
Algernon Austin, director of the Race, Ethnicity, and the Economy program at the Economic Policy Institute. "So I do think the fact of racial discrimination in the labor market continues to play a role." Overall, black men have it the worst, with joblessness at a staggeringly high 19.1%, compared to 14.5% for black women. Latinos [including illegal aliens sent IRS fraudulent checks] saw their unemployment rate remain unchanged at 11.3% in August. Unemployment remains [officially] at 9.1% for the country as a whole.
--CNN Money
Posted by: maverick muse at September 03, 2011 08:10 AM (lpWVn)
Why? Did something actually good come about as a result of the first two?
Posted by: Blacque Jacques Shellacque at September 03, 2011 08:38 AM (dr4y0)
Posted by: Molon Labe at September 03, 2011 12:45 PM (e36+G)
Posted by: The Disappearing Spoon Audiobook at September 04, 2011 05:18 AM (lr9w5)
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Posted by: learflyer at September 03, 2011 06:02 AM (9vscO)