Animated Unemployment
Lance on Nov 23 2009 | Filed under: Economics, Lance's Page
A very cool animated Graphic showing the change in unemployment over the last two years.
Click Image for Animation
Archive for November, 2009
The Warrior Song
Synova on Nov 11 2009 | Filed under: Military Matters, Synova's Page
Taking a Closer Look at Unemployment
Lance on Nov 08 2009 | Filed under: Economics, Investing, Lance's Page, Uncategorized
Employment as measured by the “establishment survey,” was down by 190,000; and Many feel it is an improvement that we are not falling as fast.
Well, let us take a moment to look under the hood of these numbers. First, while the establishment survey was down 190k, the number of unemployed soared by 558,000, to 15.7 million, as measured by the household survey. The establishment survey is taken from large businesses while the household survey calls individual households. It is the household survey that sets the unemployment rate. The establishment survey of companies doesn’t count the self-employed and undercounts employees of small businesses. So the economic picture is probably worse than the headlines when it comes to jobs.
“So how is that working out for you, Mr President?”
Lance on Nov 08 2009 | Filed under: Domestic Politics, Economics, Lance's Page
Good Friend Bruce McQuain picks up on a story I noticed yesterday. Rather than rehash it, I’ll let him lay it out:
Sphere: Related ContentGreg Mankiw reminds us of this bit of fantasy:
What we are not doing — what I have no interest in doing — is running GM. GM will be run by a private board of directors and management team with a track record in American manufacturing that reflects a commitment to innovation and quality. They — and not the government — will call the shots and make the decisions about how to turn this company around. – President Barack Obama
And this bit of reality:
Federal support for companies such as GM, Chrysler Group LLC and Bank of America Corp. has come with baggage: Companies in hock to Washington now have the equivalent of 535 new board members — 100 U.S. senators and 435 House members.
Since the financial crisis broke, Congress has been acting like the board of USA Inc., invoking the infusion of taxpayer money to get banks to modify loans to constituents and to give more help to those in danger of foreclosure. Members have berated CEOs for their business practices and pushed for caps on executive pay. They have also pushed GM and Chrysler to reverse core decisions designed to cut costs, such as closing facilities and shuttering dealerships.
I know, let’s compare ourselves to Jimmy!!!
Keith_Indy on Nov 04 2009 | Filed under: Domestic Politics, Keith's Page
Let’s compare ourselves to other successful Democratic Presidents.
Brilliant I say! BRILLIANT.
http://www.whitehouse.gov/blog/2009/11/03/commemorative-tree-planting-white-house-0
The View From the Bluff: Lance’s Economic and Finance Blog
