phrodeau
Literotica Guru
- Joined
- Jan 2, 2002
- Posts
- 78,588
That's amazing; a government program with zero administration costs. Was it all done by computers?
What happened to all of the doom and gloom economic threads?
- Thread starter Ulaven_Demorte
- Start date
- Status
U
unregistered
Guest
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
Initial Claims Over 400K For Second Week In A Row, Hurricane's Fault Again
Yesterday's home sales data, which came far better than expected, apparently had nothing to do with Hurricane Sandy (had it been a disappointment the narrative would have been far different). What Hurricane Sandy did have an impact on for the second week in a row, is today's Initial Unemployment Claims, supposedly, which for the second week in a row printed well above 400K, and just as expected, at 410K, "down" from last week's upward (naturally) revised 451K (previously 439K). NSA claims declined from 478.5K to 397.7K, while Continuing Claims were just below expectations at 3,337K on a consensus print of 3,345K, and down from an upward revised 3,367K. Notable is that the dropping trend in those on extended claims, which recently dropped to a multi year low of around 2 million, had reverse, and 60.8K applied for EUCs.
Paradoxically, looking at last week's very disappointing jobs data, something sadly does not foot. According to the DOL, the states impacted by Sandy were NY at +43,956, NJ at +31,094, PA at +7,037, and CT at +1,808. This assumes all initial claims in these states were due to Sandy, because as everyone knows the second a hurricane comes along, everyone one is fired. So taking the NSA print of 478,543 for November 10, and subtracting the fully attributed Sandy "impact" 83,895, and one gets 394,648. Hardly the stuff those pushing for a "recovery" and saying to avoid the Sandy-related claims, would want to see.
Yesterday's home sales data, which came far better than expected, apparently had nothing to do with Hurricane Sandy (had it been a disappointment the narrative would have been far different). What Hurricane Sandy did have an impact on for the second week in a row, is today's Initial Unemployment Claims, supposedly, which for the second week in a row printed well above 400K, and just as expected, at 410K, "down" from last week's upward (naturally) revised 451K (previously 439K). NSA claims declined from 478.5K to 397.7K, while Continuing Claims were just below expectations at 3,337K on a consensus print of 3,345K, and down from an upward revised 3,367K. Notable is that the dropping trend in those on extended claims, which recently dropped to a multi year low of around 2 million, had reverse, and 60.8K applied for EUCs.
Paradoxically, looking at last week's very disappointing jobs data, something sadly does not foot. According to the DOL, the states impacted by Sandy were NY at +43,956, NJ at +31,094, PA at +7,037, and CT at +1,808. This assumes all initial claims in these states were due to Sandy, because as everyone knows the second a hurricane comes along, everyone one is fired. So taking the NSA print of 478,543 for November 10, and subtracting the fully attributed Sandy "impact" 83,895, and one gets 394,648. Hardly the stuff those pushing for a "recovery" and saying to avoid the Sandy-related claims, would want to see.
richard_daily
Slut Whisperer
- Joined
- Sep 17, 2006
- Posts
- 36,898
Whatever it was asshole, it was paid for in flesh and blood. How much of your DNA is spattered all over the geography of far flung places nobody's ever heard of? Tell me.
fucking young boys in the pooper for a can of corn doesn't count, grandpa jeans.
U
unregistered
Guest
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
Initial Claims Over 400K For Second Week In A Row, Hurricane's Fault Again
Yesterday's home sales data, which came far better than expected, apparently had nothing to do with Hurricane Sandy (had it been a disappointment the narrative would have been far different). What Hurricane Sandy did have an impact on for the second week in a row, is today's Initial Unemployment Claims, supposedly, which for the second week in a row printed well above 400K, and just as expected, at 410K, "down" from last week's upward (naturally) revised 451K (previously 439K). NSA claims declined from 478.5K to 397.7K, while Continuing Claims were just below expectations at 3,337K on a consensus print of 3,345K, and down from an upward revised 3,367K. Notable is that the dropping trend in those on extended claims, which recently dropped to a multi year low of around 2 million, had reverse, and 60.8K applied for EUCs.
Paradoxically, looking at last week's very disappointing jobs data, something sadly does not foot. According to the DOL, the states impacted by Sandy were NY at +43,956, NJ at +31,094, PA at +7,037, and CT at +1,808. This assumes all initial claims in these states were due to Sandy, because as everyone knows the second a hurricane comes along, everyone one is fired. So taking the NSA print of 478,543 for November 10, and subtracting the fully attributed Sandy "impact" 83,895, and one gets 394,648. Hardly the stuff those pushing for a "recovery" and saying to avoid the Sandy-related claims, would want to see.
Yesterday's home sales data, which came far better than expected, apparently had nothing to do with Hurricane Sandy (had it been a disappointment the narrative would have been far different). What Hurricane Sandy did have an impact on for the second week in a row, is today's Initial Unemployment Claims, supposedly, which for the second week in a row printed well above 400K, and just as expected, at 410K, "down" from last week's upward (naturally) revised 451K (previously 439K). NSA claims declined from 478.5K to 397.7K, while Continuing Claims were just below expectations at 3,337K on a consensus print of 3,345K, and down from an upward revised 3,367K. Notable is that the dropping trend in those on extended claims, which recently dropped to a multi year low of around 2 million, had reverse, and 60.8K applied for EUCs.
Paradoxically, looking at last week's very disappointing jobs data, something sadly does not foot. According to the DOL, the states impacted by Sandy were NY at +43,956, NJ at +31,094, PA at +7,037, and CT at +1,808. This assumes all initial claims in these states were due to Sandy, because as everyone knows the second a hurricane comes along, everyone one is fired. So taking the NSA print of 478,543 for November 10, and subtracting the fully attributed Sandy "impact" 83,895, and one gets 394,648. Hardly the stuff those pushing for a "recovery" and saying to avoid the Sandy-related claims, would want to see.
phrodeau
Literotica Guru
- Joined
- Jan 2, 2002
- Posts
- 78,588
Read the book.Whatever it was asshole, it was paid for in flesh and blood. How much of your DNA is spattered all over the geography of far flung places nobody's ever heard of? Tell me.
http://www.bestbooksforyoungadults.com/_/rsrc/1315783438344/the-lord-of-the-rings/lord-of-the-rings-book-cover.jpg
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
Leading economic index rises 0.2% in October
By Ruth Mantell WASHINGTON (MarketWatch) - It's likely that the U.S. economy will continue to "modestly" expand through early 2013, the Conference Board said Wednesday as it reported that its leading economic index rose 0.2% in October after increasing a downwardly revised 0.5% in September. A prior estimate for September pegged the increase at 0.6%. However, Hurricane Sandy and the outcome from fiscal cliff negotiations could impact growth, the Conference Board noted. October's result beat analysts' expectations of a 0.1% gain. The LEI is a weighted gauge of 10 indicators that are designed to signal business cycle peaks and troughs. Four of the 10 indicators made positive contributions in October, led by the interest-rate spread. Meanwhile, four indicators made negative contributions, led by building permits. There were neutral readings on two manufacturing-related indicators.
By Ruth Mantell WASHINGTON (MarketWatch) - It's likely that the U.S. economy will continue to "modestly" expand through early 2013, the Conference Board said Wednesday as it reported that its leading economic index rose 0.2% in October after increasing a downwardly revised 0.5% in September. A prior estimate for September pegged the increase at 0.6%. However, Hurricane Sandy and the outcome from fiscal cliff negotiations could impact growth, the Conference Board noted. October's result beat analysts' expectations of a 0.1% gain. The LEI is a weighted gauge of 10 indicators that are designed to signal business cycle peaks and troughs. Four of the 10 indicators made positive contributions in October, led by the interest-rate spread. Meanwhile, four indicators made negative contributions, led by building permits. There were neutral readings on two manufacturing-related indicators.
U
unregistered
Guest
Obama_2012
Really Really Experienced
- Joined
- Sep 14, 2010
- Posts
- 309
There are a lot of angry senior citizens on this forum.
Sean Renaud
The West Coast Pop
- Joined
- Feb 5, 2004
- Posts
- 59,288
Of course your VA loan cost the tax payers money. Where else did that money come from? Manna from heaven? It doesn't matter if you risked your life or not you still took things from the government. I got nothing but respect for you and your gen but stop pretending you somehow willed money into existence.
Where did the money come from initially again?
JohnnySavage
Literotica Guru
- Joined
- Aug 25, 2008
- Posts
- 44,472
It came from a private lender. The VA loan program guarantees the down payment so that the borrower can finance 100%.
Sean Renaud
The West Coast Pop
- Joined
- Feb 5, 2004
- Posts
- 59,288
And the VA guarantees it with money from?
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
Normal people would be disgusted with this
Jenkins: Twinkies—A Defense The real battle at the snack maker is union vs. union. By HOLMAN W. JENKINS, JR.
A corporate bankruptcy is a paper death. The underlying assets live on. Killers of paper structures, in this light, are devalued villains, but a cry has gone up to identify the villain behind the pending liquidation of Hostess Brands, maker of Twinkies, Devil Dogs, Wonder Bread and other déclassé delights.
Everyone knows the answer: It was the bakers—i.e., the branch of the AFL-CIO formally known as the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The bakers are guilty of a perfectly justifiable attempted homicide.
Don't believe any guff about how chubby Americans are gnawing on carrot sticks. Forget blaming private equity, whose sin in the Hostess matter has been overworking the bankruptcy process to prolong the paper life of a Hostess not fit to survive.
The real story is the story of two unions, the Teamsters and the Bakery union of the AFL-CIO. Here's where things get interesting.
.
The Teamsters reluctantly agreed to givebacks to finance the company's latest turnaround attempt. The bakers rejected any concessions and went out on strike, despite being informed that the result would be the liquidation of the parent company and the loss of 18,500 jobs.
Tsk tsk, went even the liberal media, assuming that union bloody-mindedness must be at work. Think again. As the bakers rightly saw it, they were being asked once more to prop up Teamster jobs that would likely guarantee that any Hostess resurrection would be short-lived.
Start with the fact that Hostess's bakery operations are relatively efficient, and though the company planned to sell or close some of the plants anyway, the company had the power to do so already under its union contracts.
Under the latest turnaround plan, the sticking point was Hostess's distribution operations, source of the Hostess horror stories filling the media. Union-imposed work rules stopped drivers from helping to load their trucks. A separate worker, arriving at the store in a separate vehicle, had to be employed to shift goods from a storage area to a retailer's shelf. Wonder Bread and Twinkies couldn't ride on the same truck.
Hostess has spent eight of the past 11 years in bankruptcy. As the company explained to its latest judge, the Hostess brands "have not been able to profit from many of their existing delivery stops and have been unable to enter potentially profitable markets, such as dollar stores, vending services and movie theaters."
If Hostess were able to rationalize or outsource delivery to serve these customers, ready to go are "new products based on its best-selling cake items that have a longer shelf-life and can withstand freezing en route to customers over longer transportation hauls."
Under pressure on Monday from Judge Robert Drain to back down from their strike aimed at forcing the company to liquidate, the bakers themselves pointed to "what everyone in the baking industry knew: Hostess's production costs were neither excessive nor out of line with the market but its distribution costs were—to the tune of between $80 million and $130 million annually."
One could always ask about the wisdom of a labor-law structure that causes companies like Hostess to drag on for decades without adapting to their marketplaces. One might question whether the bakers are acting in true and brotherly solidarity. But given the circumstances that actually exist, the bakers might well prefer to hold back further concessions, let the company liquidate, and try their luck with a new owner or owners who might materialize for its bakery operations.
These new owners presumably would be in a position to invest cash in marketing and promotion (which Hostess hasn't done in a decade). They would benefit from the deluge in free media that has befallen the Twinkies brand this week.
All the more so given that Hostess plans to close or sell some of the bakery plants anyway, that unemployment benefits are generous, that bakery jobs have become crummy-paying thanks to previous givebacks, that the government-run Pension Benefit Guaranty Corp. will be assuming the Hostess pensions in any case. The hard truth, meanwhile, that the bakers would be throwing their Teamster brethren under a bus can always be clouded up with standard union fustian diverting attention to alleged Bain-style vulture capitalism.
True, a slight inconvenience is that many of the private-equity firms involved with Hostess are linked to the Democratic Party. This should not be a surprise. For good reason, private investors plying heavily unionized industries find it useful to maintain strong connections to Democrats. The only reason that Bill Clinton buddy Ron Burkle isn't mixed up in the Twinkie mess is that his bid to buy Hostess out of its previous bankruptcy didn't succeed.
For the anti-Bain fustian to be anything but fustian, of course, government would have to intervene somehow to raise the costs of Hostess's non-union competitors or fix the price of snack foods. Fantasy solutions are no solution, which was perhaps the bakers' hardheaded conclusion too.
Jenkins: Twinkies—A Defense The real battle at the snack maker is union vs. union. By HOLMAN W. JENKINS, JR.
A corporate bankruptcy is a paper death. The underlying assets live on. Killers of paper structures, in this light, are devalued villains, but a cry has gone up to identify the villain behind the pending liquidation of Hostess Brands, maker of Twinkies, Devil Dogs, Wonder Bread and other déclassé delights.
Everyone knows the answer: It was the bakers—i.e., the branch of the AFL-CIO formally known as the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union. The bakers are guilty of a perfectly justifiable attempted homicide.
Don't believe any guff about how chubby Americans are gnawing on carrot sticks. Forget blaming private equity, whose sin in the Hostess matter has been overworking the bankruptcy process to prolong the paper life of a Hostess not fit to survive.
The real story is the story of two unions, the Teamsters and the Bakery union of the AFL-CIO. Here's where things get interesting.
.
The Teamsters reluctantly agreed to givebacks to finance the company's latest turnaround attempt. The bakers rejected any concessions and went out on strike, despite being informed that the result would be the liquidation of the parent company and the loss of 18,500 jobs.
Tsk tsk, went even the liberal media, assuming that union bloody-mindedness must be at work. Think again. As the bakers rightly saw it, they were being asked once more to prop up Teamster jobs that would likely guarantee that any Hostess resurrection would be short-lived.
Start with the fact that Hostess's bakery operations are relatively efficient, and though the company planned to sell or close some of the plants anyway, the company had the power to do so already under its union contracts.
Under the latest turnaround plan, the sticking point was Hostess's distribution operations, source of the Hostess horror stories filling the media. Union-imposed work rules stopped drivers from helping to load their trucks. A separate worker, arriving at the store in a separate vehicle, had to be employed to shift goods from a storage area to a retailer's shelf. Wonder Bread and Twinkies couldn't ride on the same truck.
Hostess has spent eight of the past 11 years in bankruptcy. As the company explained to its latest judge, the Hostess brands "have not been able to profit from many of their existing delivery stops and have been unable to enter potentially profitable markets, such as dollar stores, vending services and movie theaters."
If Hostess were able to rationalize or outsource delivery to serve these customers, ready to go are "new products based on its best-selling cake items that have a longer shelf-life and can withstand freezing en route to customers over longer transportation hauls."
Under pressure on Monday from Judge Robert Drain to back down from their strike aimed at forcing the company to liquidate, the bakers themselves pointed to "what everyone in the baking industry knew: Hostess's production costs were neither excessive nor out of line with the market but its distribution costs were—to the tune of between $80 million and $130 million annually."
One could always ask about the wisdom of a labor-law structure that causes companies like Hostess to drag on for decades without adapting to their marketplaces. One might question whether the bakers are acting in true and brotherly solidarity. But given the circumstances that actually exist, the bakers might well prefer to hold back further concessions, let the company liquidate, and try their luck with a new owner or owners who might materialize for its bakery operations.
These new owners presumably would be in a position to invest cash in marketing and promotion (which Hostess hasn't done in a decade). They would benefit from the deluge in free media that has befallen the Twinkies brand this week.
All the more so given that Hostess plans to close or sell some of the bakery plants anyway, that unemployment benefits are generous, that bakery jobs have become crummy-paying thanks to previous givebacks, that the government-run Pension Benefit Guaranty Corp. will be assuming the Hostess pensions in any case. The hard truth, meanwhile, that the bakers would be throwing their Teamster brethren under a bus can always be clouded up with standard union fustian diverting attention to alleged Bain-style vulture capitalism.
True, a slight inconvenience is that many of the private-equity firms involved with Hostess are linked to the Democratic Party. This should not be a surprise. For good reason, private investors plying heavily unionized industries find it useful to maintain strong connections to Democrats. The only reason that Bill Clinton buddy Ron Burkle isn't mixed up in the Twinkie mess is that his bid to buy Hostess out of its previous bankruptcy didn't succeed.
For the anti-Bain fustian to be anything but fustian, of course, government would have to intervene somehow to raise the costs of Hostess's non-union competitors or fix the price of snack foods. Fantasy solutions are no solution, which was perhaps the bakers' hardheaded conclusion too.
JohnnySavage
Literotica Guru
- Joined
- Aug 25, 2008
- Posts
- 44,472
From origination fees generated on the pool of VA loans that are rolled into the mortgage.
You're mincing words trying to look for an issue that isn't there.
phrodeau
Literotica Guru
- Joined
- Jan 2, 2002
- Posts
- 78,588
A guarantee doesn't cost anything unless the borrower defaults, but it still costs money to pay the accountants and buy the paper and pencils.
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
Happy Thanksgiving: Unions Shut Down Traffic to LAX
Ready to fly out of Los Angeles today to get to your family before Thanksgiving? Not so fast. Los Angeles’ labor unions have decided to protest on Thanksgiving Eve – one of the busiest travel days of the year – to snarl traffic around Los Angeles International Airport (LAX). President Obama’s favorite union, the Service Employees International Union, is spearheading the obnoxious effort; it’s supposed to last from 11 a.m to 4 p.m., virtually the entire day. The LAPD says that travellers should arrive 90 minutes earlier than usual. LAX already advises people to arrive two hours in advance.
What exactly is SEIU protesting for? They say that an airport contract is breaking the city law on living wages – which, of course, is nonsense, since that would be prosecutable. They also say that the contractor has eliminated “affordable healthcare” for over 400 workers. Which is, again, bull. After all, can’t the SEIU just rely on Obamacare?
Leave it to the unions to ruin Thanksgiving. They’ve ruined every other day of the year.
Ready to fly out of Los Angeles today to get to your family before Thanksgiving? Not so fast. Los Angeles’ labor unions have decided to protest on Thanksgiving Eve – one of the busiest travel days of the year – to snarl traffic around Los Angeles International Airport (LAX). President Obama’s favorite union, the Service Employees International Union, is spearheading the obnoxious effort; it’s supposed to last from 11 a.m to 4 p.m., virtually the entire day. The LAPD says that travellers should arrive 90 minutes earlier than usual. LAX already advises people to arrive two hours in advance.
What exactly is SEIU protesting for? They say that an airport contract is breaking the city law on living wages – which, of course, is nonsense, since that would be prosecutable. They also say that the contractor has eliminated “affordable healthcare” for over 400 workers. Which is, again, bull. After all, can’t the SEIU just rely on Obamacare?
Leave it to the unions to ruin Thanksgiving. They’ve ruined every other day of the year.
mercury14
Pragmatic Metaphysician
- Joined
- Jul 8, 2009
- Posts
- 22,158
If the market hates Obama why did it put on $8 trillion in value after he was elected?
Second question: when the fiscal cliff is addressed by congress and the Dow puts on 800 points, which rock will you be hiding under?
koalabear
~Armed and Fuzzy~
- Joined
- Mar 14, 2001
- Posts
- 101,964
US food banks raise alarm as drought dents government supplies
http://news.msn.com/us/us-food-banks-raise-alarm-as-drought-dents-government-supplies-2
http://news.msn.com/us/us-food-banks-raise-alarm-as-drought-dents-government-supplies-2
koalabear
~Armed and Fuzzy~
- Joined
- Mar 14, 2001
- Posts
- 101,964
Despite drought, eighth largest US corn crop ever
Sep. 12, 2012
http://westernfarmpress.com/markets/despite-drought-eighth-largest-us-corn-crop-ever
Through drought, Ark. farmers set yield records
Arkansas farmers set yield records for soybeans, rice, corn despite oppressive drought
http://weather.yahoo.com/drought-ark-farmers-set-yield-185329058.html
Sep. 12, 2012
http://westernfarmpress.com/markets/despite-drought-eighth-largest-us-corn-crop-ever
Through drought, Ark. farmers set yield records
Arkansas farmers set yield records for soybeans, rice, corn despite oppressive drought
http://weather.yahoo.com/drought-ark-farmers-set-yield-185329058.html
koalabear
~Armed and Fuzzy~
- Joined
- Mar 14, 2001
- Posts
- 101,964
Stocks advance ahead of holiday
Sean Renaud
The West Coast Pop
- Joined
- Feb 5, 2004
- Posts
- 59,288
koalabear
~Armed and Fuzzy~
- Joined
- Mar 14, 2001
- Posts
- 101,964
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
I answered the first question......BUT YOU KNOW THAT!
The one I will extract from your FACE after I use it to BASH it in your face
- Status
Similar threads
