View Full Version : RECOVERY SUMMER - BOOMING ECONOMY UPDATE
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts. (See: Another Retailer Bites the Dust: Borders Doomed by Amazon Deal, Davidowitz Says)
Those announcements follow 41,432 in planned cuts in June, up 11.6% from May and 5.3% vs. a year earlier, according to Challenger, Gray & Christmas.
Meanwhile, state and local governments have cut 142,000 jobs this year, The WSJ reports, and Wall Street is braced for another round of cutbacks. This week, Goldman Sachs announced plans to let go 1000 fixed-income traders.
If these trends continue, we may soon be talking about losses in the monthly employment data -- not just disappointing growth, says Howard Davidowitz, CEO of Davidowitz & Associates </div></div>
And the excuse is WHAT (http://finance.yahoo.com/blogs/daily-ticker/return-mass-layoffs-grim-sign-u-workers-190228219.html)?
07-22-2011, 03:34 PM
The 142,000 jobs cut from government, which are otherwise entirely approved by some, might have some ripple effects on OTHER jobs. You know, the jobs at the businesses that used to have these former job holders spend money there, and now, do not?
If I used the logic of some here (that would be you, btw), I'd point to the clear inflection point of when the jobs created track went from a clear uptrend, to a massive downtrend. It happened just as the TParty election put the House under GOP majority control.
I do not use that logic (which isn't logic, but instead a logical fallacy of argument known as post hoc, ergo propter hoc.
So are you saying we don't have a booming economy?
Charlotte has assured us that we do ... when that line fits the agenda.
07-23-2011, 09:20 PM
A glimmer of hope for theusofa?????
"....... Dr Karl › Dr Karl's Great Moments In Science
Nursery rhyme's origins all fall down
A number of nursery rhymes purport to be historical retellings of actual events. But one very famous verse doesn't match up with the tale we're told. Dr Karl is finding the reason behind the rhyme.
By Karl S. Kruszelnicki
Traditional English morris dancers perform in a village fair in Somerset, England. (Source: iStockphoto)
Audio: Ring-a-Ring o'Roses and Black Plague (ABC Science)
We've all heard the children's nursery rhyme that runs:
A pocket full of posies,
We all fall down.
The rhyme is usually accompanied by a little dance. The kids all hold hands and form a circle, then run or skip until they fall into the middle in a heap on top of each other.
The standard explanation as to the origin of this game is that this charming little verse describes the symptoms, and rapid demise, of anyone suffering from that terrible medieval disease — the Black Death.
It may well be a catchy tune, but it has nothing at all to do with the plague.
Beginning in 1347, the Bubonic Plague, or the Black Death, swept across Europe. By 1352, the population of Europe had plummeted from 75 million to 50 million.
<span style='font-size: 20pt'>This disaster led to labour shortages</span>, political turmoil, and religious and philosophical questionings.
Such was the rapid decline in the health of the infected person, that the Italian author, Boccaccio, wrote that the victims "ate lunch with their friends and dinner with their ancestors in paradise".
So it all sounds very reasonable that this terrible plague would make its way into the popular culture. And what is more popular than a nursery rhyme that the little kiddies sing?
And this is where we hit the first problem with the myth that this nursery rhyme describes the grisly predicament facing somebody infected with the Bubonic Plague.
Unfortunately, the nursery rhyme was totally unknown for over 400 years after the plague hit Europe.
During this long time of over four centuries, there were many eager seekers of nursery rhymes keen to document any rhyme they could find.
But there was not one single written reference to this rhyme before 1881, according to the authoritative Oxford Dictionary of Nursery Rhymes, edited by Iona and Peter Opie.
The second problem is that there are many dozens of versions of this nursery rhyme, and only a very few can be interpreted as referring to the Bubonic Plague.
In fact, the first known version, from Massachusetts, does not seem to be related at all to the Bubonic Plague:
Ring a ring a rosie,
A bottle full of posie,
All the girls in our town
Ring for little Josie.
The third problem is the nursery rhyme is not very accurate at depicting the pathway of somebody with Bubonic Plague.
No, a "rosy" rash was not one of the symptoms of the Bubonic Plague. There were many manifestations in the skin, but a rosy rash was not one of them.
"A pocket full of posies"? Over the years, there have been many interpretations of this line.
They include the claim that the "pocket full of posies" was really the pus hidden under the skin before it oozed out, or something that you would put in the grave with the deceased, or flowers on the grave, or yes, something to either ward off the plague, or to mask the stench of the rotten corpses.
Which leads up to the "Atishoo"… Well, sneezing was not one of the symptoms of the disease. So some people have said that it should be "ashes", which is what we turn into when we are cremated.
But in the panic of the Black Death, very few people were cremated — most were left where they fell, and much later, thrown into trenches.
"And we all fall down"? Well yes, when you die you do fall down. But in many versions of this nursery rhyme, the players do not fall down at the end, but curtsey to each other.
A curtsey is a gracious bending movement, and not linked to morbid deaths in any way.
So how did the myth of this nursery rhyme describing the Black Plague arise?
We can look to James Leasor, who as recently as 1961, wrote the book, The Plague and the Fire.
As far as we can tell, he was the first to link the verse to the Black Plague — over six centuries after the Plague first swept over Europe.
Blame Mr Leasor.
But how did the myth then take off? Two reasons. First, with so many versions of Ring-A-Ring-A-Rosie, all the versions that don't fit were simply ignored.
Second, virtually any meaning can be read into any song or verse you fancy — if you try hard enough.
And remember, if all attempts to twist the meaning of the songs to your purpose fail, well, you can always try playing them backwards.
With a lot of effort, you might even manage to find references to the Satan himself......."
The following numbers are after the regime has cooked the books:
<span style='font-size: 26pt'>HAPPY DAYS ARE HERE AGAIN!</span>
2011 Q1 revised down to 0.4% from 1.9% (http://www.cnbc.com/id/43941459)
2011 Q3 comes in at 1.3% after a predicted 1.8% ... adjustment to follow. (http://www.cnbc.com/id/43941459)
2011 Q4 estimate revised down from 3.1% to 2.3%. (http://www.cnbc.com/id/43941459)
Consumer cofidence falls from 71.5 to 63,7 in a single month. (http://www.cnbc.com/id/43942957)
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