the employment-to-population ratio, which fell off a cliff during the Great Recession and which will probably never recover.
actually, the whole thing is quite depressing
― I will forlornly return to my home planet soon (dandydonweiner), Wednesday, 1 May 2013 21:02 (eleven years ago) link
A Story for May Day: The Fed, Apple, and Trickle-Down Economicshttp://robertreich.org/post/49368810890
― I will forlornly return to my home planet soon (dandydonweiner), Wednesday, 1 May 2013 21:08 (eleven years ago) link
in favor of over
― TracerHandVEVO (Tracer Hand), Wednesday, 1 May 2013 21:24 (eleven years ago) link
so what's going on, unto the brink of the shitbin once more my friends?
― i don't even have an internet (Hurting 2), Monday, 24 June 2013 14:44 (ten years ago) link
Ask Bernanke (though Krugman disagrees)
― curmudgeon, Monday, 24 June 2013 14:47 (ten years ago) link
WSJ: Joblessness expected to dip below 7% next year. http://online.wsj.com/article/SB10001424127887323300004578559263197557362.html?mod=ITP_pageone_0
― now is not the time for motorboating (dandydonweiner), Monday, 24 June 2013 14:49 (ten years ago) link
http://www.washingtonpost.com/opinions/harold-meyerson-start-the-border-fence-in-norfolk-va/2013/06/25/09e63d18-dd1c-11e2-9218-bc2ac7cd44e2_story.html?hpid=z3
Northern US policy ideas versus Southern ones
― curmudgeon, Wednesday, 26 June 2013 15:15 (ten years ago) link
http://www.propublica.org/article/the-expendables-how-the-temps-who-power-corporate-giants-are-getting-crushe
― iatee, Thursday, 27 June 2013 23:34 (ten years ago) link
http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265
― Fetchboy, Tuesday, 9 July 2013 03:36 (ten years ago) link
Ha, don't know what link trail led me there. Didn't realize it was newsmax. Newsmax otm?
― Fetchboy, Tuesday, 9 July 2013 03:41 (ten years ago) link
That temps article is so sad
― curmudgeon, Tuesday, 9 July 2013 04:19 (ten years ago) link
lol billionaires warn of impending financial collapse
no, newsmax definitely not otm. the dow is not going to 1500.
― i don't even have an internet (Hurting 2), Tuesday, 9 July 2013 04:24 (ten years ago) link
if warren buffet thinks we're about to get a 90% stock market correction then why would he reduce his consumer products allocation by only 21%? and what did he do with that money (clue: he bought stocks. warren buffet does not think this.)
― caek, Tuesday, 9 July 2013 06:31 (ten years ago) link
Here's some more great moneynews reporting
― Magna Sharta (jjjusten), Tuesday, 9 July 2013 06:41 (ten years ago) link
http://www.moneynews.com/Wolinsky/Buffett-obama-wolinsky-Credibility/2011/09/22/id/411898
lol
― goole, Tuesday, 9 July 2013 13:58 (ten years ago) link
I think moneynews is literally the site that always has those "from around the web" links with the worried billionaire who I think looks like saul bellow
― i don't even have an internet (Hurting 2), Tuesday, 9 July 2013 16:03 (ten years ago) link
so detroit just filed for bankruptcy. who will break the record next?
http://www.nytimes.com/2013/07/19/us/detroit-files-for-bankruptcy.html?hp&_r=0
― reggie (qualmsley), Thursday, 18 July 2013 21:06 (ten years ago) link
http://www.nytimes.com/2013/07/22/business/in-climbing-income-ladder-location-matters.html?_r=0
― Mordy , Monday, 22 July 2013 12:23 (ten years ago) link
http://www.nytimes.com/2013/07/21/business/a-shuffle-of-aluminum-but-to-banks-pure-gold.html?smid=fb-share&_r=0
MOUNT CLEMENS, Mich. — Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs consumers billions of dollars.The story of how this works begins in 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again.This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange, an investigation by The New York Times has found. The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country.Tyler Clay, a forklift driver who worked at the Goldman warehouses until early this year, called the process “a merry-go-round of metal.”Only a tenth of a cent or so of an aluminum can’s purchase price can be traced back to the strategy. But multiply that amount by the 90 billion aluminum cans consumed in the United States each year — and add the tons of aluminum used in things like cars, electronics and house siding — and the efforts by Goldman and other financial players has cost American consumers more than $5 billion over the last three years, say former industry executives, analysts and consultants.The inflated aluminum pricing is just one way that Wall Street is flexing its financial muscle and capitalizing on loosened federal regulations to sway a variety of commodities markets, according to financial records, regulatory documents and interviews with people involved in the activities.
The story of how this works begins in 27 industrial warehouses in the Detroit area where a Goldman subsidiary stores customers’ aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again.
This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange, an investigation by The New York Times has found. The back-and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country.
Tyler Clay, a forklift driver who worked at the Goldman warehouses until early this year, called the process “a merry-go-round of metal.”
Only a tenth of a cent or so of an aluminum can’s purchase price can be traced back to the strategy. But multiply that amount by the 90 billion aluminum cans consumed in the United States each year — and add the tons of aluminum used in things like cars, electronics and house siding — and the efforts by Goldman and other financial players has cost American consumers more than $5 billion over the last three years, say former industry executives, analysts and consultants.
The inflated aluminum pricing is just one way that Wall Street is flexing its financial muscle and capitalizing on loosened federal regulations to sway a variety of commodities markets, according to financial records, regulatory documents and interviews with people involved in the activities.
maybe this is 'rolling us economy out of the shitbin' news, but still, these fuckin dudes
― j., Tuesday, 23 July 2013 03:49 (ten years ago) link
yeah I know, posted that in the finance industry thread, one of those things where you go "how the fuck is this not illegal"
― undescended listicle (Hurting 2), Tuesday, 23 July 2013 03:50 (ten years ago) link
it's their gas, i guess
― j., Tuesday, 23 July 2013 05:45 (ten years ago) link
I loved the, uh, optimism of this headline in my local paper yesterday:
Free to Be BoldThe economy pushes a growing number of Americans to find work through freelancing or entrepreneurship
Galt's Gulch, here we come!
― something of an astrological coup (tipsy mothra), Tuesday, 10 September 2013 12:37 (ten years ago) link
http://www.endicottalliance.org/jobcutsreports.php
― reggie (qualmsley), Saturday, 21 September 2013 17:07 (ten years ago) link
"Free to be bold"
― Beatrix Kiddo (Raymond Cummings), Saturday, 21 September 2013 18:32 (ten years ago) link
Reminds me of the time my friend's dad took a litter of puppies far up a forest road, threw them out of the car and told them, "Now you are free to be bold!"
― Aimless, Saturday, 21 September 2013 18:48 (ten years ago) link
Then the puppies instantly turned into feral wolves and ate him, they end.
― Ned Raggett, Saturday, 21 September 2013 18:57 (ten years ago) link
freelancing is BOLD alright, having no health insurance usu is
― Miss Arlington twirls for the Coal Heavers (Dr Morbius), Saturday, 21 September 2013 19:17 (ten years ago) link
don't worry people prosperity's about to trickle down any day now
― reggie (qualmsley), Saturday, 21 September 2013 22:24 (ten years ago) link
impeach!
http://behindthewall.nbcnews.com/_news/2013/10/14/20957509-china-state-media-blasts-us-shutdown-calls-for-a-de-americanized-world?lite
― reggie (qualmsley), Monday, 14 October 2013 18:59 (ten years ago) link
http://www.theatlantic.com/business/archive/2013/11/yep-being-a-young-american-adult-is-a-financial-nightmare/281214/
http://cdn.theatlantic.com/newsroom/img/posts/Young_adults_reuters.jpg
lol young adults can't even afford shirts these days
― j., Friday, 8 November 2013 17:16 (ten years ago) link
No money left over for health insurance after you get all those tattoos.
― Emperor Cos Dashit (Adam Bruneau), Friday, 8 November 2013 17:33 (ten years ago) link
heh, i feel guilty for criticizing people struggling w/ money, but he probably doesn't need have to have the fancy undies either
― reckless woo (Z S), Friday, 8 November 2013 17:34 (ten years ago) link
or that microwave. heat it up over a campfire like the oldtimers do. or those paper towels - put things outside and evaporate them! or those sugar/flour jars back there - just spread the granules out in the backyard, you'll never need a jar again!
― reckless woo (Z S), Friday, 8 November 2013 17:35 (ten years ago) link
i don't think they actually live there, those are probably just the props for the demonstration unit in the building they can't get rental approval for
― j., Friday, 8 November 2013 17:37 (ten years ago) link
fancy undies
were a birthday gift from his grandmother
― Aimless, Friday, 8 November 2013 18:32 (ten years ago) link
http://www.cepr.net/index.php/blogs/beat-the-press/chinascentral-bank-announces-job-creation-program-for-the-united-states
― reggie (qualmsley), Monday, 25 November 2013 20:58 (ten years ago) link
onion thread surely?
― goole, Monday, 25 November 2013 22:42 (ten years ago) link
bad news is QE is going to be turned off. good news is zero % interest rates for the rest of our lives!
http://www.latimes.com/business/money/la-fi-mo-federal-reserve-ben-bernanke-taper-stimulus-forecast-economy-20131218,0,2330244.story#axzz2nreq63hR
― panettone for the painfully alone (mayor jingleberries), Wednesday, 18 December 2013 21:31 (ten years ago) link
eternal bubbles for all!
― Aimless, Thursday, 19 December 2013 01:33 (ten years ago) link
http://static3.businessinsider.com/image/52f3e70e6bb3f750586ea831-800-/cotd-120.jpg
― Pale Smiley Face (dandydonweiner), Thursday, 6 February 2014 21:38 (ten years ago) link
"Disability Queens" just doesn't have the snap, crackle and pop we have all come to expect from the GOP phrasemakers.
― Aimless, Thursday, 6 February 2014 22:05 (ten years ago) link
number of people in america
― iatee, Thursday, 6 February 2014 22:13 (ten years ago) link
record high!
Do these charts not suggest that The Job Creators have been failing miserably at creating jobs with all that cash the fed has been pouring into their pockets?
― Aimless, Thursday, 6 February 2014 22:17 (ten years ago) link
i can't read the Y-axis on the right-hand chart, but it appears to be saying that the rate of growth in the total number of people collecting welfare has slowed considerably since 2009. which seems good, right? given that there were 16 million more americans in 2013 than there were in 2010, i would expect the total number to increase by some number, regardless of the country's economic fortunes.
as for the graph on the left, i don't know what it's correlated with, but it doesn't appear to have anything to do with politics.
the one in the middle is more interesting. i would bet that some of the movement has to do with how difficult congress makes it for poor people to receive food stamps. sometimes congress feels miserly and vindictive, sometimes it doesn't. but i don't know. the number falls gradually during the reagan years, shoots up during the bush years, falls fairly dramatically during the clinton years and then rises pretty consistently ever since 2000 when the first mini-recession hit.
not sure what you're trying to say by posting this graph, dandy don? business insider is a weird publication. i can never figure out where they're coming from.
― TracerHandVEVO (Tracer Hand), Thursday, 6 February 2014 22:19 (ten years ago) link
that's it, cut the capital gains tax again
― reggie (qualmsley), Thursday, 6 February 2014 22:25 (ten years ago) link
these are the chronically unemployed who have fallen out of the work force and now are on disability and welfare for the rest of their lives?
― panettone for the painfully alone (mayor jingleberries), Thursday, 6 February 2014 23:28 (ten years ago) link
Btw if you multiply that max food stamps number by 200 it about equals the number of yearly fossil fuel subsidies!
― Emperor Cos Dashit (Adam Bruneau), Friday, 7 February 2014 00:20 (ten years ago) link
It would really be cool if gas companies defended their own pipelines in the middle east but yeah i guess we got to foot the bill for them, that's billions and billions every year for people not to work, just imagine the private armies we are denying and the jobs we are killing by nationally taking on this burden.
― Emperor Cos Dashit (Adam Bruneau), Friday, 7 February 2014 00:27 (ten years ago) link