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Carroll Standard | Politics | Political News
Political News
Fine Art: Painting Depicts Obama Trampling The Constitution PDF Print E-mail
Politics - Political News
Written by Staff   
Saturday, 04 February 2012 01:08
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Implied Unemployment Rate Rises To 11.5%, Spread To Propaganda Number Surges To 30 Year High PDF Print E-mail
Politics - Political News
Written by Staff   
Saturday, 04 February 2012 00:58

Tyler Durden | ZeroHedge:

Sick of the BLS propaganda? Then do the following calculation with us: using BLS data, the US civilian non-institutional population was 242,269 in January, an increase of 1.7 million month over month: apply the long-term average labor force participation rate of 65.8% to this number (because as chart 2 below shows, people are not retiring as the popular propaganda goes: in fact labor participation in those aged 55 and over has been soaring as more and more old people have to work overtime, forget retiring), and you get 159.4 million: that is what the real labor force should be. The BLS reported one? 154.4 million: a tiny 5 million difference. Then add these people who the BLS is purposefully ignoring yet who most certainly are in dire need of labor and/or a job to the 12.758 million reported unemployed by the BLS and you get 17.776 million in real unemployed workers. What does this mean? That using just the BLS denominator in calculating the unemployed rate of 154.4 million, the real unemployment rate actually rose in January to 11.5%. Compare that with the BLS reported decline from 8.5% to 8.3%. It also means that the spread between the reported and implied unemployment rate just soared to a fresh 30 year high of 3.2%. And that is how with a calculator and just one minute of math, one strips away countless hours of BLS propaganda.

Difference between Reported and Implied Unemployment Rate

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Israel will strike Iran in April, May or June? PDF Print E-mail
Politics - Political News
Written by Staff   
Friday, 03 February 2012 15:14
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Komen Capitulates: Will Resume Funding Planned Parentless PDF Print E-mail
Politics - Political News
Written by Copy Desk   
Friday, 03 February 2012 15:07
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Tokens: Senate approves weak bill banning insider trading by lawmakers, 96-3 PDF Print E-mail
Politics - Political News
Written by Staff   
Friday, 03 February 2012 09:59

Alexander Bolton and Josiah Ryan | The Hill:

The Senate voted 96 to 3 Thursday to prohibit members of Congress from using non-public information for personal financial gain but beat back a slew of amendments to further limit congressional perks.

The Senate action puts pressure on House Republicans to pass similar legislation to quell allegations of congressional self-dealing at a time when Congress’s approval rating is at an all-time low.

House Majority Leader Eric Cantor (R-Va.) on Tuesday criticized the Senate legislation as weak. His staff said he would move a strengthened version of the bill to the House floor at the end of the month.

Senators voted for an amendment Thursday to expand the legislation’s reporting requirements to members of the executive branch.
 
The legislation would mandate that lawmakers report all major transactions within 30 days and file financial disclosure reports electronically.

But lawmakers defeated several proposals to significantly reform the perks and powers critics charge have a corrupting influence on Capitol Hill.

Senators voted down a bipartisan proposal to permanently ban earmarks as well as an amendment to require lawmakers and senior staff to divest of stocks or put their stock holdings in blind trusts.

The amendment sponsored by Sens. Claire McCaskill (D-Mo.) and Pat Toomey (R-Pa.) to permanently ban earmarks failed by a vote of 40-59.

A solid block of Republicans, including Sens. Lamar Alexander (Tenn.), Roy Blunt (Mo.), Thad Cochran (Miss.), Susan Collins (Maine), John Hoeven (N.D.), Kay Bailey Hutchison (Texas), James Inhofe (Okla.), Dick Lugar (Ind.), Lisa Murkowski (Alaska), Pat Roberts (Kan.), Jeff Sessions (Ala.), Richard Shelby (Ala.) and Roger Wicker (Miss.), voted to preserve Congress’s future power to earmark federal funds.

The amendment sponsored by Sens. Sherrod Brown (D-Ohio) and Jeff Merkley (D-Ore.) requiring lawmakers and senior staff to divest of stocks lost 26 to 73.... continued...

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20 Abortive Senators 'urge' Komen to reconsider funding Planned Parent-less PDF Print E-mail
Politics - Political News
Written by Staff   
Friday, 03 February 2012 00:46
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