A Year of Stagnation: The Final Jobs Report of 2012
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the December unemployment report, the stagnating economy of 2012 and what Fed minutes predict for 2013.
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The House Must Act Now
Well, we really stuck it to the rich at 1:39 in the morning. Whew, now we can breathe a sigh of relief. The 40 Republicans who voted for Obama’s stimulus bill had to swallow hard voting for over $100 billion in new spending just in 2013, but at least those of us who are not super rich won’t see our taxes increase this year. Oh | Read More »
Need a job? Go. To. North. Dakota.
After reading this plaintive essay by the New York Times about young voters discovering what happens when they vote against their class interests by voting Democratic (short version: they end up on the street), my first reaction was simply to shrug. But that’s not nice. What is nice is offering these people actual advice, because passages like this: Two months ago, Mr. Tano gave up | Read More »
Charles Krauthammer on Michigan unions: The “moral calculus” of higher wages combined with higher unemployment
Charles Krauthammer: But there is another factor at play: having a job in the first place. In right-to-work states, the average wage is about 10 percent lower. But in right-to-work states, unemployment also is about 10 percent lower. Higher wages or lower unemployment? It is a wrenching choice. Although, you would think that liberals would be more inclined to spread the wealth — i.e., the | Read More »
Tags: Charles Krauthammer
, Rick Snyder
, right to work
, United Auto Workers
The Fed Ties Printing Policy to Unemployment Rate
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the Fed’s decision to tie its money printing policy to unemployment, the long-term effect on the market and the Fed’s outlook for the economy.
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President Obama’s deleterious effect on America’s work ethic.
The United States was built on the backs of hard working people. From pilgrims who survived an ocean’s journey and founded a colony at Plymouth to slaves who endured the blistering sun as they harvested cotton to settlers who braved temperatures, terrain and Indians to fulfill a Manifest Destiny, the United States was the product of people who worked like their lives depended on it. | Read More »
Recapping Last Week’s Economic Data; Launching PowerTalk
The first five trading days of December delivered a mixed result for the major stock indices with the Dow Jones Industrial Average being the clear winner (up 1%), the S&P 500 essentially unchanged and the Nasdaq Composite Index down 1.1%. As with the prior week, one of the key drags on the Nasdaq has been Apple, Inc. (AAPL), whose shares dropped nearly 9% last week. | Read More »
, Best Buy
, bureau of labor statistics
, Department of Labor
, Dow Jones Industrial Average
, fiscal cliff
, Mobile Payments
, s&p 500
, Wall Street
Why a Falling Birthrate is Terrible News for an Already Hurting Economy
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the November jobs report, America’s falling birthrate in this recession and why it’s terrible news for our economy.
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Unemployment on the Uptick Again?
Tomorrow is the first Friday of the month — when unemployment numbers get released. This morning, Gallup released the results of its survey. It announced that, U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October’s rate.. The article went | Read More »
Let Them Eat Cake: As Hostess Workers Get Hurt, Bakery Union Bosses (& Their Kids) Do Well
Eighteen thousand Americans are now without jobs to put bread on their tables (pun intended). Yet, Frank Hurt will not be hurt in the least by the strike he led his members into taking, or the resulting unemployment of both his members, as well as other Hostess employees.
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Tags: Bakery Confectionery & Tobacco Workers
, Hostess Bankruptcy
, union bosses
, union hypocrisy
, Union Hypocrites
, union strike
Consequential Elections and Their Consequences
Elections DO have consequences. If you doubt that, take a look at announcements made in the days since Barack Obama won (?) his second term as President of the United States. Big companies like Walmart, Papa Johns and Denny’s are complaining loudly, but not nearly as vociferously as their employees will be when they realize their paychecks are shrinking – if they keep their | Read More »
Veterans Day 2012: Our Veterans Deserve Better Than High Unemployment & A Backlog of Disability Claims
As we prepare to honor U.S. veterans on Sunday, it needs to be acknowledged that under the Obama administration, the backlog of veterans’ disability claims jumped by 179 percent. That translates into 883,949 outstanding claims, according to Veterans Administration (VA) statistics. This represents a near-record high, with 65.8 percent of claims having been backlogged for 125 days or more. Also tragic is the fact that | Read More »
Barack Obama’s Final Jobs Report Before the Election
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the October unemployment report, the Experience Francis had during Super Storm Sandy and how the DC/NY bubble has ignored the economic realities of average Americans.
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Obamalies Not Anomalies Cheat the Middle Class Out of Billions
A recent investigation by NBC into the diversion of federal small business contracts to corporate giants turned up pay dirt. In just a small sample of contracts awarded to small firms in the San Francisco Bay Area, NBC uncovered hundreds of millions of dollars in federal SMALL BUSINESS contracts being awarded to large firms such as IBM, Oracle and Hewlett Packard. The fact that NBC | Read More »
, federal funds
, General Electric
, Lockheed Martin
, small business
Ohio’s “Recovery” Due to Shrinking Labor Force
Ohio’s unemployment rate paints a misleading picture of the state’s economy, an Opportunity Ohio report and separate Media Trackers analysis reveal. The unemployment rate reported by the U.S. Bureau of Labor Statistics (BLS) dropped from 10.6 percent in July 2009 to 7.2 percent in August 2012, but the change resulted from a shrinking labor force as opposed to strong job growth.
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