Jobless Produce U.S. Profit on Productivity
With Less Inflation
By - Jun 28, 2010
The 6.8 million Americans out of work for 27 weeks or longer -- a record 46 percent of all the unemployed -- are providing U.S. companies with an eager, skilled and cheap labor pool. This is allowing businesses to retool their workforces, boosting efficiency and profits following the deepest recession since the 1930s, and contributing to a 61 percent rise in the Standard & Poor’s 500 Index since March 2009.
“Companies are getting higher-productivity employees for the same or lower wage rate they were paying a marginal employee,” said James Paulsen, who helps oversee about $375 billion as chief investment strategist at Wells Capital Management in Minneapolis. “Not only are employees higher skilled, you have a better skill match. You have a more productive and more adaptive labor force.”
U.S. productivity gains averaged 2.9 percent from 2000 through the first quarter of 2010, compared with 2.1 percent in 1990-1999 and 1.5 percent in 1980-1989, according to the Labor Department. The increased efficiency has helped improve earnings, with more than 80 percent of companies in the S&P 500 index reporting profits that exceeded the consensus analysts’ estimates during the most recent quarter, Bloomberg data show.
“Very specific skill sets is what will get people hired these days,” said Gary Townsend, president of Hill-Townsend Capital LLC in Chevy Chase, Maryland, a hedge fund that specializes in financial firms. “Companies are able to slice off the weakest members of the team and find very highly qualified and motivated [read: desperate] replacements. There is very little wage pressure.”So, cheer up, American workers! Because higher stock prices means the economy is better! Whether you have a decent job or not is not really relevant.
The U.S. economy grew at a 2.7 percent annual rate in the first quarter, less than the 3 percent estimate issued last month, according to Commerce Department data released June 25. The economy contracted in five quarters during the recession that began in December 2007, the worst performance since the Great Depression.
Whereas the county sheriff is the chief law enforcement office of the county; therefore Resolved, assert the Tenth Amendment and put the US Government and Idaho State on notice, that all police Actions be under and approved by the sheriff - including - but not limited to FBI, ATF, state Highway Patrol, and USFS. . . .
We recognized the failure of the Federal Reserved [sic] System to maintain a sound US dollar and the danger of merchantile [sic] controlling the issuance of our currency. We believe the Federal Reserve Bank should be abolished. . . and encourage citizens to engage in a systematic acquisition of precious metals which represent real value as opposed to paper currencies.
Let free Idahoans pay taxes, and other fees due to the State, County and City in silver and or gold in any form. Payments to City, County, or State employees requested to be paid in silver and or gold, Will be complied with.
Pornography – We urge our governmental bodies to enforce laws regarding all forms of pornography. We urge more stringent legislation to prohibit all pornography including virtual pornography and operation of sexually–oriented businesses.But where will the RNC hold their fundraisers?
We oppose the legalization of sodomy. We demand that Congress exercise its authority granted by the U.S. Constitution to withhold jurisdiction from the federal courts from cases involving sodomy.
Further, we urge Congress to withhold Supreme Court jurisdiction in cases involving abortion, religious freedom, and the Bill of Rights.
Our policy [on Israel] is based on God’s biblical promise to bless those who bless Israel and curse those who curse Israel and we further invite other nations and organizations to enjoy the benefits of that promise.
We oppose a one-world government in direct opposition to our basic principles and eroding our sovereignty. We oppose the implementation of one world currency.
PrinciplesWe Believe in:
1. Strict adherence to the Declaration of Independence and U.S. and Texas Constitutions
3. Limiting the expanse of Government Power.
Constitution in Public Schools – We believe that all state-funded schools should read and teach the constitutions of the
United States of America and the State of Texas.
Conscience Clause – We believe that doctors, nurses, pharmacists, any employees of hospitals and insurance companies, health care organizations, medical and scientific research students, and any employee should be protected by Texas law if they conscientiously object to participate in practices that conflict with their moral or religious beliefs,.
including but not limited to abortion, the prescription for and dispensing of drugs with abortifacient potential, human cloning, embryonic stem cell research, eugenic screenings. .
Companion Animal Welfare – We support legislation to license and regulate large-scale commercial dog and cat breeding
facilities to ensure the humane handling and care of dogs and cats in those facilities.
Ethics in Broadcasting – We call upon the Federal Communications Commission to revoke broadcast licenses of stations
that air programs and advertisements in violation of existing laws and FCC guidelines. We further oppose reinstatement of
the Fairness Doctrine and any similar concept, which would limit outlets for free speech.
Hmmm, look how pensive I can Be. You know, I think. . . HITLER!!! Stalin!!!
Is U.S. Now On Slippery Slope To Tyranny?
By THOMAS SOWELL
When Adolf Hitler was building up the Nazi movement in the 1920s, leading up to his taking power in the 1930s, he deliberately sought to activate people who did not normally pay much attention to politics.
"Useful idiots" was the term supposedly coined by V.I. Lenin to describe similarly unthinking supporters of his dictatorship in the Soviet Union.
In our times, American democracy is being dismantled, piece by piece, before our very eyes by the current administration in Washington, and few people seem to be concerned about it.
The president's poll numbers are going down because increasing numbers of people disagree with particular policies of his, but the damage being done to the fundamental structure of this nation goes far beyond particular counterproductive policies.
Just where in the Constitution of the United States does it say that a president has the authority to extract vast sums of money from a private enterprise and distribute it as he sees fit to whomever he deems worthy of compensation?
And yet that is precisely what is happening with a $20 billion fund to be provided by BP to compensate people harmed by their oil spill in the Gulf of Mexico.
But our government is supposed to be "a government of laws and not of men."
If our laws and our institutions determine that BP ought to pay $20 billion — or $50 billion or $100 billion — then so be it.
But the Constitution says that private property is not to be confiscated by the government without "due process of law."
Of course, nothing was "confiscated," but I'm going to go ahead and just assume that that won't be a relevant distinction.
Technically, it has not been confiscated by Barack Obama, but that is a distinction without a difference.
No it isn't! You can't just say "oh, well there's no difference," as if saying makes it so! You can't complain about property being confiscated and then say that the fact that it has not been confiscated is not relevant.
Hello, police? I'd like to report my car stolen. Well, technically, I traded it in on a newer model, but that hardly seems germane to the matter at hand!
