Two Americas

Submitted by Roanman on Thu, 02/25/2010 - 06:58

 

The two charts and excepts below link to a brief report from Josh Barro of the Manhattan Institute for Policy Research titled,

Two Americas: Public Sector Gains in Recession

 

 

The problem:  During the recession, public employees have continued to see strong wage growth, well ahead of the private sector.

From the first quarter of 2007 through the last quarter of 2009, the average value of hourly compensation (wages plus benefits) rose by 9.8 percent for employees of state and local governments, compared to 6.9 percent in the private sector.[2]

After adjusting for inflation, public employees have seen a rise in real hourly income over this period, while private employees have not. 

What should be done? 

The trend in the third quarter—when public-employee compensation was flat—shows that a freeze on public-employee compensation is possible.

States and localities should take the following steps to get employee compensation under control:

Governments should freeze employee compensation at least until public-employee wages have returned to levels matching the private sector trend.

They should take this action when negotiating new public-employee contracts.

In some states, governments may have powers to freeze pay even in the middle of an existing contract.

States should also look at reforming binding arbitration laws that force governments to pay unaffordable wage increases.

Such laws should be repealed or reformed to properly take into account private-sector wage trends and the ability of governments to pay wage increases.

Unfortunately, the trend reverted to form in the fourth quarter, with public-employee compensation again rising faster than private sector pay.

Getting budgets under control will require state and local lawmakers to put taxpayer interests ahead of the interests of public-employee unions.

 

 

Your State Of Happiness

Submitted by Roanman on Thu, 02/25/2010 - 06:39

 

New research by the UK’s University of Warwick and Hamilton College in the US has used the happiness levels of a million individual US citizens to discover which are the best and worst states in which to live in the United States.

The new research published in the elite journal Science on 17th December 2009 is by Professor Andrew Oswald of the UK’s University of Warwick and Stephen Wu of Hamilton College in the US.

 

Andrew Oswald/ Wu ranking of happiness levels by US State

 

  1. Louisiana
  2. Hawaii
  3. Florida
  4. Tennessee
  5. Arizona
  6. Mississippi
  7. Montana
  8. South Carolina
  9. Alabama
  10. Maine
  11. Alaska
  12. North Carolina
  13. Wyoming
  14. Idaho
  15. South Dakota
  16. Texas
  17. Arkansas
  18. Vermont
  19. Georgia
  20. Oklahoma
  21. Colorado
  22. Delaware
  23. Utah
  24. New Mexico
  25. North Dakota
  26. Minnesota
  27. New Hampshire
  28. Virginia
  29. Wisconsin
  30. Oregon
  31. Iowa
  32. Kansas
  33. Nebraska
  34. West Virginia
  35. Kentucky
  36. Washington
  37. District of Columbia
  38. Missouri
  39. Nevada
  40. Maryland
  41. Pennsylvania
  42. Rhode Island
  43. Massachusetts
  44. Ohio
  45. Illinois
  46. California
  47. Indiana
  48. Michigan (Admit it, you thought we'd be dead last)
  49. New Jersey
  50. Connecticut
  51. New York

 

To quote Ian McAvity

Submitted by Roanman on Wed, 02/24/2010 - 06:43

A nice heads up from R.E. McMaster

Submitted by Roanman on Tue, 02/23/2010 - 07:08

A note from Citibank

Submitted by Roanman on Tue, 02/23/2010 - 06:21

 

The following notice has been going out to Citibank customers with their monthly statements.

 

‘Effective April 1, 2010, we reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking accounts.

While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.’

 

Huh???

 

The Bradley Model revisited

Submitted by Roanman on Sun, 02/21/2010 - 12:32

 

OK, here's the Bradley Model for the years 2008-10 from Manfred Zimmel.

All of the Bradley Model charts link to his site aminita.at.

I don't as of yet have much experience with aminita.at.

They aren't cheap.

I am.

So far it's been an emotional back and forth.

I downloaded their 2009 report after it went free. It was pretty right on.

As was my friend Richard Nolle at astropro.com

The second chart is that of the S&P 500 for 2008.

You will notice that the 2008 Bradley chart catches both the June turning point and the September dive of all things financial.

 

 

The 2009 hit pretty close the February turning point, then caught the turn, but flat out missed the accelerating upward drive from July through the end of the year.

Which brings me to the caveat in bright red ink stamped right there on the chart.

The Bradley predicts turning points ONLY and not the polarity, i.e. a high in the chart may also be a low, and vice versa.

I don't like that. C'mon, grow a pair!!!

 

.

 

 

I do the same thing for each chart, on one I get a frame, the other no.  Makes me nutsl!!!

The reason I bring all this up?

Another test for "The Bradley" occurs March 1, 2010 through August 10, 2010

 

 

Now you're warned.

As for me, I'm gonna enjoy life over here on the sidelines.

 

OK, OK I'll admit it.

I'm short a little.

Seems prudent. 

 

Joe Stack, in his own words

Submitted by Roanman on Sat, 02/20/2010 - 10:05

 

 
I've edited here in the sense that I have cut and pasted segments I found to be ... something.
The quote links to a scanned copy of the entire letter.
 The gears link to the two editorials about this story that made the most sense to me. 
 
 
 ...... Why is it that a handful of thugs and plunderers can commit unthinkable atrocities (and in the case of the GM executives, for scores of years) and when it's time for their gravy train to crash under the weight of their gluttony and overwhelming stupidity, the force of the full federal government has no difficulty coming to their aid within days if not hours? Yet at the same time, the joke we call the American medical system, including the drug and insurance companies, are murdering tens of thousands of people a year and stealing from the corpses and victims they cripple, and this country's leaders don't see this as important as bailing out a few of their vile, rich cronies. Yet, the political "representatives" (thieves, liars, and self-serving scumbags is far more accurate) have endless time to sit around for year after year and debate the state of the "terrible health care problem". It's clear they see no crisis as long as the dead people don't get in the way of their corporate profits rolling in. ......
 ......Years later, after weathering a divorce and the constant struggle trying to build some momentum with my business, I find myself once again beginning to finally pick up some speed. Then came the .COM bust and the 911 nightmare. Our leaders decided that all aircraft were grounded for what seemed like an eternity; and long after that, 'special' facilities like San Francisco were on security alert for months. This made access to my customers prohibitively expensive. Ironically, after what they had done the Government came to the aid of the airlines with billions of our tax dollars ... as usual they left me to rot and die while they bailed out their rich, incompetent cronies WITH MY MONEY! After these events, there went my business but not quite yet all of my retirement and savings. ......
 ...... I remember reading about the stock market crash before the "great" depression and how there were wealthy bankers and businessmen jumping out of windows when they realized they screwed up and lost everything. Isn't it ironic how far we've come in 60 years in this country that they now know how to fix that little economic problem; they just steal from the middle class (who doesn't have any say in it, elections are a joke) to cover their asses and it's "business-as-usual". Now when the wealthy fuck up, the poor get to die for the mistakes ... isn't that a clever, tidy solution.  As government agencies go, the FAA is often justifiably referred to as a tombstone agency, though they are hardly alone. The recent presidential puppet GW Bush and his cronies in their eight years certainly reinforced for all of us that this criticism rings equally true for all of the government. Nothing changes unless there is a body count (unless it is in the interest of the wealthy sows at the government trough). In a government full of hypocrites from top to bottom, life is as cheap as their lies and their self-serving laws.
 

 

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