Trump’s $100,000 Watches Are Not Selling Well
2 hours ago
"All The News You Never Knew You Needed To Know ...Until Now." August 05 2011 Travus T. Hipp Morning News & Commentary: Should You? From Warren Jeffs To The FLDS The 'Problem' Is They Don't Allow The State To Sanction Their Marriages [Pop Out Player? Click Here] Prefer An MP3 Playlist? It's Here: [128Kbps MP3 16:51 Minutes] Other Audio Formats Available [ Here ] Razer Raygun Says: ♥ Sharing IS Caring! ♥ Twitter This Commentary |
"Consider one crucial measure, the ratio of employment to population. In June 2007, around 63 percent of adults were employed. In June 2009, the official end of the recession, that number was down to 59.4. As of June 2011, two years into the alleged recovery, the number was: 58.2." [In Full]Which leads to this headline from Dean Baker @ Center For Economic and Policy Research:
Employment Rate Hits New Low as Economy Creates 117,000 Jobs in JulyBut about those markets...
The Labor Department reported that the economy created 117,000 jobs in July and revised prior months’ growth up slightly to bring the average over the last three months to 72,000. This rate of job growth is below the 90,000 a month needed to keep pace with the growth of the labor force. Consistent with this fact, the employment-to-population ratio (EPOP) fell slightly to 58.1 percent, tying its previous low for the downturn. While the unemployment rate edged down to 9.1 percent, this was entirely attributable to people leaving the labor force... [Full Analysis]
Wall Street suffers worst selloff in two years
[fwiw, the Christian Science Monitor calls it three years "...sharpest drop since 2008")
By Angela Moon
NEW YORK Thu Aug 4, 2011
(Reuters) - Investors fled Wall Street in the worst stock-market selloff since the middle of the financial crisis in early 2009 in what has turned into a full-fledged correction.
The Dow and the S&P tumbled more than 4 percent on Thursday and the Nasdaq lost 5 percent on fear the United States is staring at another recession and that Europe's sovereign debt crisis is swallowing two of its largest economies.
Analysts predicted further losses even though stocks have fallen on nine of the last 10 days. Two-year Treasury yields fell to a record low as investors sought safety in short-term government bonds.
"People are throwing in the towel because they can't find relief on any front," said Milton Ezrati, market strategist at Lord Abbett Co. in Jersey City, New Jersey, which manages $110 billion in assets.
The S&P 500's drop puts it more than 10 percent below its April 29 high, considered a correction. Nearly 14 billion shares changed hands, the busiest trading day in more than a year. Decliners beat advancers on the New York Stock Exchange by about 19 to 1... [More @ Reuters]
Friday, August 5, 2011Note the "...32nd Brigade which is a band of well equipped..." trope. NOT an army brigade... a 'band'. Got that?
Rebels Claim Gaddafi's Son Khamis Killed in NATO Airstrike
By Carl Bagh
A rebel spokesman claimed that Libyan leader Muammar Gaddafi's youngest son Khamis was killed in a NATO airstrike on the Western town of Zlitan.
However, the Libyan government has denounced the report, calling it a "false news" and an attempt by the rebels to cover the death of civilians in Zlitan.
According to Al Jazeera, Mohammed Zawawi, a spokesman for the rebels, said: "Overnight there was an aircraft attack by NATO on the Gaddafi operations room in Zlitan and there are around 32 Gaddafi troops killed. One of them is Khamis."
NATO has not confirmed the death of Gaddafi's son Khamis but is currently looking into the report.
The Libyan government has accused NATO of bombing civilian sites at Zlitan.
Khamis Gaddafi commands the Libyan army's 32nd Brigade which is a band of well equipped 10,000 soldiers... [There's More]
Obama Nominates Top Advisor To Tea Party Senator As U.S. AttorneyBut Moooommm! Do I Haaaaavvvvee To?
President Obama nominated a very odd candidate to be the next U.S. Attorney in Utah, the chief legal advisor to the Senate’s most radical tenther, Sen. Mike Lee (R-UT): President Barack Obama tapped Sen. Mike Lee’s legal counsel to be the next U.S. attorney for Utah, [Details]
8 Reasons Young Americans Don't Fight Back: How the US Crushed Youth Resistance
The ruling elite has created social institutions that have subdued young Americans and broken their spirit of resistance.
July 31, 2011
Traditionally, young people have energized democratic movements. So it is a major coup for the ruling elite to have created societal institutions that have subdued young Americans and broken their spirit of resistance to domination.
Young Americans—even more so than older Americans—appear to have acquiesced to the idea that the corporatocracy can completely screw them and that they are helpless to do anything about it. A 2010 Gallup poll asked Americans “Do you think the Social Security system will be able to pay you a benefit when you retire?” Among 18- to 34-years-olds, 76 percent of them said no.
Yet despite their lack of confidence in the availability of Social Security for them, few have demanded it be shored up by more fairly payroll-taxing the wealthy; most appear resigned to having more money deducted from their paychecks for Social Security, even though they don’t believe it will be around to benefit them.
How exactly has American society subdued young Americans?
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4. “No Child Left Behind” and “Race to the Top.”
The corporatocracy has figured out a way to make our already authoritarian schools even more authoritarian. Democrat-Republican bipartisanship has resulted in wars in Afghanistan and Iraq, NAFTA, the PATRIOT Act, the War on Drugs, the Wall Street bailout, and educational policies such as “No Child Left Behind” and “Race to the Top.”
These policies are essentially standardized-testing tyranny that creates fear, which is antithetical to education for a democratic society. Fear forces students and teachers to constantly focus on the demands of test creators; it crushes curiosity, critical thinking, questioning authority, and challenging and resisting illegitimate authority.
In a more democratic and less authoritarian society, one would evaluate the effectiveness of a teacher not by corporatocracy-sanctioned standardized tests but by asking students, parents, and a community if a teacher is inspiring students to be more curious, to read more, to learn independently, to enjoy thinking critically, to question authorities, and to challenge illegitimate authorities. [The Other 7 Reasons...]
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