Saturday, November 6, 2010

Berman Post

Berman Post


Unemployment Rate Holds at 9.6%

Posted: 05 Nov 2010 09:09 PM PDT


The increase of private sector jobs, more then the expected, is a good sign. It will have to increase significantly more to put a dent in the unemployment.

http://finance.yahoo.com/news/Employers-add-151K-jobs-apf-1056168020.html

"Still, hiring remains far too weak to drive down unemployment, now stuck at 9.6 percent. And the newly elected Congress will come under pressure to take action to accelerate job growth.

The burst of hiring -- 159,000 net jobs added by private employers -- nevertheless raised hopes that companies are finally emerging from the hiring stall seen during much of the summer.
...
When government job cuts -- which totaled 8,000 last month -- are factored in, the economy added 151,000 jobs in October, the Labor Department's report showed Friday. It marked the first increase in total payrolls in five months. All the momentum came from private companies.
...
There were 14.8 million people unemployed in October. Adding those people to others who are working part time but would prefer full-time jobs and those who have given up looking for work, nearly 27 million are "underemployed."

That's 17 percent of the labor force. It's down a bit from September's 17.1 percent. Still, the new "underemployed" figure remains close to a record high set last year.

Economists say it would take up to 300,000 new jobs a month to reduce the unemployment rate significantly.
"

The news may be worse then advertised.

http://www.zerohedge.com/article/labor-force-participation-rate-drops-25-year-low-645

"labor force participation has now dropped to the lowest rate it has been since 1984, at 64.5%. Assuming a reversion to the long-term average participation rate of 66%, means that the civilian labor force is in reality 157.4 million as opposed to the disclosed 153.9 million, a delta of 3.5 million currently unaccounted for. Maybe someone can ask the president during his imminent press conference what happened to the unemployed population, which would have been 18.3 if this labor force delta was incorporated, resulting in an unemployment rate of 11.6%."

Picture embedded below.



To put this in the contexts of the last year; after rising to %9.5, 'fake' falling to %9.4, rising to %9.7, and then rising again to 9.8%, and rising again to 10.2%, dropping to 10%, held steady, dropping to 9.7%, held steady, held steady again, increased to 9.9%, dropped to 9.7%, fell to 9.5%, holding steady, rising a tick to 9.6%, and held steady, and has held steady again.

Pelosi Announces Run For House Minority Leader

Posted: 05 Nov 2010 08:24 PM PDT


If Pelosi is announcing that she is running for House Minority Leader, it would be a safe bet that will get the position. It is doubtful she would have made such an announcement before making sure she had the votes. Meanwhile, she is getting some support from a surprising source; RNC Headquarters.

Picture embedded below.



http://abcnews.go.com/Politics/outgoing-speaker-nancy-pelosi-run-house-minority-leader/story?id=12067617

"Outgoing Speaker of the House Nancy Pelosi said this afternoon that she is running to become the House minority leader in the next session of Congress, dispelling rumors that she planned to resign from House Democratic leadership or retire from Congress.

Pelosi, D-Calif., explained her decision in a letter to House Democrats, revealing that she had been widely encouraged to seek the post.

"Many of our colleagues have called with their recommendations on how to continue our fight for the middle class, and have encouraged me to run for House Democratic leader," Pelosi wrote. "Based on those discussions, and driven by the urgency of protecting health care reform, Wall Street reform, and Social Security and Medicare, I have decided to run."
"

Bernardine Dohrn on The Real Terrorists

Posted: 05 Nov 2010 08:18 PM PDT


For someone who should know a thing or two about terrorism, she really does not know much about terrorism.

Video embedded below.

TSA Fondles Women And Children Refusing Airport Naked Body Scanners

Posted: 05 Nov 2010 08:13 PM PDT

We Are The Ones: O RLY?

Posted: 05 Nov 2010 08:05 PM PDT

Olbermann (MSNBC) Suspended Indefinitely For Undisclosed Contributions to Democrats

Posted: 05 Nov 2010 07:59 PM PDT


I have no problem with Olbermann (MSNBC) donating money to Democratic candidates. The idea of not disclosing those donations and interviewing those people does sit a bit uneasy.

http://politicalticker.blogs.cnn.com/2010/11/05/olbermann-donated-to-three-dems-in-apparent-violation-of-nbc-policy

"Keith Olbermann, MSNBC's primetime firebrand host, has been suspended indefinitely for violating the ethics policies of his employer earlier this year when he donated to three Democrats seeking federal office, MSNBC announced Friday.

"I became aware of Keith's political contributions late last night. Mindful of NBC News policy and standards, I have suspended him indefinitely without pay," MSNBC President Phil Griffin said in a statement.

First reported by Politico and confirmed by Federal Election Commission filings, the primetime television host gave $2,400 – the maximum individual amount allowed – to each of the campaigns of Kentucky Senate candidate Jack Conway, and Arizona Reps. Raul Grijalva and Gabrielle Giffords.
...
Olbermann, as well as MSNBC executives, was a vocal critic of the $1 million donation by Fox News' parent News Corp. to the Republican Governor's Association earlier this year, saying at the time, "We now have another million reasons Fox News is the Republican news channel."
"

Boehner (R) - "Trust me; I'm Going to Make Sure This Heath Care Bill is Never, Ever, Ever is Implemented"

Posted: 05 Nov 2010 07:54 PM PDT

What We Believe, Part 5: Gun Rights

Posted: 05 Nov 2010 07:48 PM PDT

Andrew Klavan - Lies! Deceit! Treachery! You Too Can be a Mainstream Media Reporter

Posted: 05 Nov 2010 07:26 PM PDT


Video embedded below.

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