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Easy Drywall Patch
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Joe Rogan Experience #2219 - Donald Trump
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The Atlantic Hit Piece On Trump Is A Psy-Op To Justify Post-Election Violence If Harris Loses
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Israel kills head of Hezbollah Intelligence.
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Latest Articles: Business
Retail Sales Make Largest Gains In Two Years
Post Date: 2012-10-15 12:56:21 by Brian S
4 Comments
Retail sales picked up again in September as consumers increased their spending on clothing, electronics and autos, bolstering hopes for a solid holiday season. Spending increased 1.1 percent last month to a seasonally adjusted $412.9 billion, the Commerce Department reported on Monday. Sales were revised higher to 1.2 percent in August, the best showing in both months since October 2010. "In spite of the uncertainty and unease surrounding our nation’s high unemployment and long-term fiscal challenges, consumers continue to spend and shop," said Matthew Shay, president and chief executive of the National Retail Federation. "Robust back-to-school spending combined ...
Consumers Paying Down Debt Helps Boost U.S. Expansion
Post Date: 2012-10-15 12:52:57 by Brian S
1 Comments
Anita Bullock-Morley was $57,000 in debt on 27 credit cards and close to filing for bankruptcy in 2007. With help from an Atlanta counseling service, the 37-year- old says she paid about $1,400 a month and cleared her balances. Now she’s used cash to buy an $800 iPad and upgrade her iPhone. Three-plus years into a recovery from the worst financial crisis since the Great Depression, Americans finally are getting their finances back into shape, Federal Reserve figures show. Household debt as a share of disposable income sank to 113 percent in the second quarter from a record high of 134 percent in 2007 before the recession hit. Debt payments on that basis are the smallest in almost 18 ...
Food Tent Displaying Obama Signs Erected Outside Ohio Poll (free Obamy Burgers for qualified voters)
Post Date: 2012-10-14 21:25:41 by Hondo68
9 Comments
On Wednesday, a food tent peppered with Obama campaign signs was seen in Cleveland directly across from the Board of Elections where early voting is taking place. A citizen journalist has provided Breitbart News with photos of the tent: This is possibly a violation of Ohio statute 3599, which has a section that reads: 3599.01 Bribery. (A) No person shall before, during, or after any primary, convention, or election: (1) Give, lend, offer, or procure or promise to give, lend, offer, or procure any money, office, position, place or employment, influence, or any other valuable consideration to or for a delegate, elector, or other person; (2) Attempt by intimidation, coercion, or other ...
Surprise Jack Welch Missed Shows Better U.S. Growth: Economy
Post Date: 2012-10-12 13:28:30 by Brian S
2 Comments
It isn’t only the federal government’s Bureau of Labor Statistics that is issuing surprisingly good news about the U.S. economy these days. If former General Electric Co. Chief Executive Officer Jack Welch’s charges of a political fix to manipulate economic data ahead of the presidential election are true, there must be a vast econometric conspiracy embracing auto dealers, real estate agents, the Federal Reserve and corporate America’s 96-year-old Conference Board. The economy is improving more than professional forecasters anticipated, particularly in data on employment and housing, according to the Bloomberg Economic Surprise Index, which compares 38 indicators with ...
Consumer Sentiment in U.S. Rises to Pre-Recession High
Post Date: 2012-10-12 10:43:35 by Brian S
1 Comments
Confidence among U.S. consumers unexpectedly jumped in October to the highest level since before the recession began five years ago, raising the odds that retailers will see sales improve. The Thomson Reuters/University of Michigan preliminary October consumer sentiment index increased to 83.1, the highest level since September 2007, from 78.3 the prior month. The gauge was projected to fall to 78, according to the median forecast of 71 economists surveyed by Bloomberg News. Rising stock and property values along with falling joblessness may keep giving Americans a psychological boost, brightening the household-spending outlook during the year-end holidays. Improving confidence may play a ...
Foreclosure Filings Drop To Five-Year Low In September
Post Date: 2012-10-11 11:15:18 by Brian S
2 Comments
WASHINGTON -- Foreclosure filings fell in September to their lowest level in more than five years as a housing market rebound showed another sign of taking hold. Substantial decreases in California and some other states hard-hit by the collapse of the housing bubble helped reduce filings to 180,427 last month, down 7% from August and 16% from a year earlier, according to foreclosure listing firm RealtyTrac. The last time filings were that low was in July 2007. Filings for the three-month period ending in September also were the lowest since the fourth quarter of 2007. RealtyTrac said there were 531,576 filings in the period, down 5% from the second quarter and 13% year-over-year, the ...
Consumer Confidence in U.S. Stayed Near Three-Month High Last Week
Post Date: 2012-10-11 11:05:31 by Brian S
1 Comments
Consumer confidence in the U.S. stayed near a three-month high last week, with more Americans saying it was a good time to make purchases even as they grew more pessimistic about the economy. The Bloomberg Consumer Comfort Index fell to minus 38.5 in the week ended Oct. 7 from minus 36.9 in the prior period. The drop was within the gauge’s margin of error of 3 percentage points and ended a six-week upswing that was the longest since early 2006. The measure has been higher than minus 40, a level associated with recessions and their aftermath, for the last three weeks. “Consumer sentiment appears to have stabilized, albeit at historically low levels,” said Joseph Brusuelas, ...
Jobless Claims Fall To Lowest In Four And A Half Years
Post Date: 2012-10-11 11:02:08 by Brian S
2 Comments
(Reuters) - The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in more than four and a half years, according to government data on Thursday that suggested improvement in the labor market. The news could help President Barack Obama in his tight race for re-election on November 6 against Republican challenger Mitt Romney, who says Obama has mishandled the economy. But a second report released on Thursday hinted at weaker U.S. and global demand. The U.S. trade deficit widened in August to $44.2 billion, as U.S. goods exports fell for the fifth consecutive month and imports declined fractionally. Initial claims for state ...
READ: CEO letter to Westgate Resorts employees
Post Date: 2012-10-10 20:25:52 by Capitalist Eric
0 Comments
Here is the entire e-mail that CEO David Siegel sent to Westgate employees: Subject: Message from David Siegel Date:Mon, 08 Oct 2012 13:58:05 -0400 (EDT) From: [David Siegel] To: [All employees] To All My Valued Employees, As most of you know our company, Westgate Resorts, has continued to succeed in spite of a very dismal economy. There is no question that the economy has changed for the worse and we have not seen any improvement over the past four years. In spite of all of the challenges we have faced, the good news is this: The economy doesn’t currently pose a threat to your job. What does threaten your job however, is another 4 years of the same presidential administration. ...
Fed Says Economy Grows ‘Modestly’ on Housing, Autos
Post Date: 2012-10-10 17:06:07 by Brian S
2 Comments
The Federal Reserve said today that the U.S. economy was expanding “modestly” last month, supported by improvements in housing and auto sales, even as the labor market showed little change. “Consumer spending was generally reported to be flat to up slightly since the last report,” the Fed said in its Beige Book business survey, which is based on accounts from the 12 district Fed banks. Conditions in manufacturing were “somewhat improved,” according to the report, which provides anecdotal evidence on the health of the economy two weeks before the Federal Open Market Committee meets in Washington on Oct. 23-24. The Beige Book provides support for Fed Chairman ...
Ford Would Have Shut Without Auto Bailouts, Rattner Says
Post Date: 2012-10-09 10:36:19 by Brian S
2 Comments
Ford Motor Co. (F), the only large U.S. automaker that didn’t receive a U.S. government bailout, would’ve failed along with General Motors Corp. and Chrysler LLC if President Barack Obama’s administration hadn’t rescued the industry, said Steven Rattner, who headed Obama’s auto task force. “Ford would have closed because it wouldn’t have been able to get parts, because the parts industry in this country was in arguably worse shape than the assemblers,” Rattner said today at the Center for American Progress in Washington. Rattner, now chairman of the Willett Advisors LLC investment firm, led the $63.4 billion bailout in 2009 of GM and Chrysler, which ...
GM To Add 2,000 Jobs In Michigan
Post Date: 2012-10-08 12:28:38 by Brian S
1 Comments
General Motors Co. and the state are expected to announce today that GM will create 2,000 new jobs in Michigan, beginning with up to 1,500 at a new information technology innovation center in Warren.The automaker and the Governor's Office are expected to make formal announcements later today.It's unclear where GM would add the other 500 jobs, but the state says the innovation center is the first of three projects the company will announce.GM will invest $300 million combined for the three. The state said GM plans no major investment spending on the information technology center; it will be housed in an existing building undergoing renovation on the Warren Tech Center campus.The ...
Business Hiring Calms Concerns About U.S. Fiscal Cliff
Post Date: 2012-10-08 11:01:19 by Brian S
1 Comments
Business hiring is holding up, allaying concerns about a U.S. economic downdraft in the face of a looming fiscal cliff. Companies added an average 121,000 workers a month in the third quarter, up from 88,000 in the second quarter, according to Labor Department figures released on Oct. 5. Total payrolls, including government, increased an average 146,000 a month, compared with 67,000 in the prior period. “We’re not seeing a further loss of momentum, and that’s a very important positive,” said Bruce Kasman, chief economist for JPMorgan Chase & Co. in New York. A pullback in business investment had fanned concerns that companies would begin to pare hiring in ...
Welch Conspiracy Theory on Jobs Data Not Tied to Reality
Post Date: 2012-10-08 11:00:20 by Brian S
0 Comments
As conspiracy theories go, Jack Welch’s had all the elements. There were two opposing sides who rarely believe each other about anything. There is almost no way to prove it isn’t true, either. His assertion that the U.S. unemployment numbers might have been cooked to help President Barack Obama’s re-election effort, though, collapses under its own weight. The claim, echoed by some supporters of Republican Mitt Romney, that Obama’s Chicago-based campaign adjusted September’s jobless figures was rejected by members of both parties who have served in the government’s economic-data system. Welch, the former chief executive officer of General Electric Co. (GE), ...
Unemployment Manipulation Impossible, Says Former Labor Official
Post Date: 2012-10-05 14:23:50 by Brian S
1 Comments
WASHINGTON -- Manipulating the government's monthly unemployment report is impossible because of the large number of people -- mostly civil servants and not political appointees -- involved in compiling the data, said the former commissioner of the Bureau of Labor Statistics. "I think it would be impossible to really manipulate the numbers," said Keith Law, who served from 2008 to 2012 as commissioner of the independent statistical agency, which produces the report. "Certainly, it would be impossible to manipulate the numbers and not be found out." After the BLS reported Friday that the unemployment rate in September dropped to 7.8% from 8.1%, former General ...
US jobless rate falls to 7.8 pct., 44-month low [Desperate pro-O'Bungler Propaganda]
Post Date: 2012-10-05 11:31:04 by Capitalist Eric
3 Comments
WASHINGTON (AP) -- The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years and giving President Barack Obama a potential boost with the election a month away. The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 — an encouraging sign for an economy that's been struggling to create enough jobs. The number of unemployed Americans is now 12.1 million, the fewest since January 2009. The Labor Department said employers added 114,000 jobs in September. It also said the economy created 86,000 more jobs in July and August than the department had initially ...
U.S. Jobless Rate Declines to 7.8%; 114,000 Jobs Added
Post Date: 2012-10-05 10:59:26 by Brian S
0 Comments
The unemployment rate in the U.S. unexpectedly fell to 7.8 percent in September, the lowest since President Barack Obama took office in January 2009, as employers took on more part-time workers. The economy added 114,000 workers last month after a revised 142,000 gain in August that was more than initially estimated, Labor Department figures showed today in Washington. The median estimate of 92 economists surveyed by Bloomberg called for an advance of 115,000. The jobless rate dropped from 8.1 percent and hourly earnings climbed more than forecast. Stocks and Treasury yields advanced as investors bet an improving job market will give workers with the wherewithal to boost their spending, ...
Consumer Comfort in U.S. Advanced for a Sixth Consecutive Week
Post Date: 2012-10-04 11:00:56 by Brian S
0 Comments
Consumer confidence in the U.S. climbed for a sixth straight week, the longest upswing since the end of 2005 into early 2006, as Americans grew more secure about their finances. The Bloomberg Consumer Comfort Index rose in the week ended Sept. 30 to minus 36.9, a three-month high, from minus 39.6 in the previous period. The pickup also included less pessimism among households in their views on the buying climate and the economy. “Americans are feeling a bit more optimistic given the strong increase in equity prices, the modest bounce in home prices and the paring down of debt,” said Joseph Brusuelas, a senior economist at Bloomberg LP in New York. Fifty percent of those ...
U.S. Retailers’ September Sales Top Estimates
Post Date: 2012-10-04 10:55:29 by Brian S
0 Comments
U.S. retailers’ September same-store sales topped analysts’ estimates, led by discount and specialty- apparel chains that benefited from back-to-school shopping, while department stores trailed projections. Sales at TJX Cos. (TJX) climbed 6 percent, beating the average estimate for a 4.4 percent gain from analysts surveyed by researcher Retail Metrics Inc. Target Corp. (TGT), the second-largest U.S. discounter, posted a 2.1 percent increase in same-store sales, topping the 2 percent projection. Retailers benefited from back-to-school promotions that drove traffic early in September before tapering off in the middle of the month. Sales in the current environment may wane when ...
Auto Rebound Steers U.S. Economy Back From Lehman Debacle
Post Date: 2012-10-03 10:34:11 by Brian S
2 Comments
The housing market is still on shaky ground. Unemployment remains above 8 percent. The one flank of the U.S. economy that’s marching steadily back is the sector that once seemed the weakest: Automotive. The auto industry in September reached an important milestone that few other sectors can claim. Carmakers sold cars and light trucks at an annualized rate of 14.9 million, taking into account seasonal adjustments, according to researcher Autodata Corp. That’s the best pace since March 2008, before the failure of Lehman Brothers Holdings Inc. Consumers weary of driving 11-year-old vehicles with poor mileage are increasingly trading in their jalopies for new, fuel-efficient models. ...
US Service Firms Grow At Fastest Pace In 6 Months
Post Date: 2012-10-03 10:23:08 by Brian S
0 Comments
WASHINGTON (AP) — U.S. service companies, which employ nearly 90 percent of the work force, grew in September at the fastest pace since March, driven by more activity and an increase in new orders. The Institute for Supply Management says its index of non-manufacturing activity rose to 55.1, up from 53.7 in August. Any reading above 50 indicates expansion. The service sector has grown for 33 straight months, based on the ISM survey. The report measures growth in a broad range of businesses from retail and construction companies to health care and financial services firms.
ADP Says U.S. Companies Added 162,000 Workers to Payrolls
Post Date: 2012-10-03 10:20:57 by Brian S
0 Comments
Companies added more workers than projected in September, evidence the labor market may be perking up, a private report based on payrolls showed. The 162,000 increase in employment followed a revised 189,000 jump in August, figures from Roseland, New Jersey-based ADP Employer Services showed today. The median forecast of 38 economists surveyed by Bloomberg projected a 140,000 advance. The hiring gains, which were led by companies with fewer than 500 workers, will help shore up consumer confidence and spending, which in turn will bolster economic growth. A Labor Department report on Oct. 5 may show private payrolls increased by 128,000 in September and unemployment rose to 8.2 percent from ...
Measure Of U.S. Home Prices Rises By Most In 6 Years
Post Date: 2012-10-02 10:48:25 by Brian S
0 Comments
A measure of U.S. home prices jumped 4.6 percent in August compared to a year ago, the largest year-over-year increase in more than six years. CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain. Steady price increases, combined with greater home sales and rising builder confidence, suggest the housing recovery may be sustainable. Other measures of home prices have also increased. The Standard & Poor's/Case Shiller index rose in July compared to a year ago, the second straight yearly increase after two years of declines. And an index compiled by a federal housing regulator has also ...
Chrysler Posts Best September Sales In Five Years; Ford Sales Flat
Post Date: 2012-10-02 10:32:51 by Brian S
2 Comments
UPDATED 10:04 a.m. EDT: Chrysler said Tuesday its U.S. sales rose nearly 12 percent last month — its best September in five years, while Ford posted flat U.S. sales on lower demand for trucks. Chrysler said its increase was due to new models, low interest rates and a stable U.S. economy. The results mean that Americans kept buying new cars and trucks at a strong pace last month. Chrysler predicts an annual sales rate of 14.9 million for the U.S. industry in September, which would make it the best month of the year. Chrysler sold 142,000 vehicles, led by the Dodge Avenger midsize sedan, which saw sales jump 89 percent from a year earlier. Chrysler and Ford were the first automakers ...
Almost 2,400 Millionaires Pocketed Unemployment Benefits
Post Date: 2012-10-02 10:25:41 by Brian S
1 Comments
Almost 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of $1 million or more, according to the Congressional Research Service. The report was released after about 1.1 million people exhausted their jobless benefits during the second quarter of 2012, when more than 4.6 million filed initial unemployment claims. Eliminating those payments to high earners is one idea being considered as U.S. lawmakers struggle to curb a projected $1.1 trillion deficit for the fiscal year that ended Sept. 30, with the nationwide jobless rate at 8.1 percent. “Sending millionaires unemployment checks is a case study in out-of-control spending,” U.S. ...
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