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The Discouragement of the American Worker
Found on Winter (Economic & Market) Watch on Sun 5th Feb 12
According to Nomura Global Economics, there has been a rather dramatic divergence between the "real" and "official" unemployment rate in the United States since 2009. FT/Alphaville's Cardiff Garcia explains (HT: Tyler Cowen): A chart via Nomura to keep in the
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Yet More Mortgage Settlement Lies: Release Looks Broad, Not Narrow; Other States Screwed to Bribe California to Join
Found on naked capitalism on Sun 5th Feb 12
A number of writers, such as Mike Lux, Bob Kuttner, Matt Taibbi, and Justin Krebs, have been willing to convey the Administration message that the current version of the mortgage settlement is a “much tougher deal” and even a pretty good deal, thanks
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Health Care Payers Push Back Against Costs
Found on Economix on Sun 5th Feb 12
The opacity surrounding health care prices and the practice of charging different buyers different prices for identical goods or services contribute mightily to the cost of health care, but at the least the former may be on the way out, an economist writes.
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Greece: Key meeting on Sunday
Found on Calculated Risk on Sat 4th Feb 12
From the Athens News: Crucial meeting of coalition partnersThe crucial negotiation of the coalition political party leaders over the EC-ECB-IMF troika's ultimatums and shock measures has been set for 13:00 on Sunday. In this new meeting of the leaders of three
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Highlights from Today's Employment Report
Found on CARPE DIEM on Sat 4th Feb 12
Some highlights of today's employment report:1. Temporary employment reached a 3.5-year high in January of 2.4 million jobs, the highest level since May 2008 (see chart).2. Manufacturing overtime hours, at 4.3 hours in January, were at the highest level since
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Nonfarm Payroll +243,000 ; Unemployment Rate 8.3%; Those Not in Labor Force Rose an Amazing 1,177,000
Found on Angry Bear on Sat 4th Feb 12
Quick Notes About the "Falling" Unemployment Rate In the last year, the civilian population rose by 3,565,000. Yet the labor force only rose by 1,145,000. Those not in the labor force rose by 2,420,000. In January, the Civilian Labor Force rose by 508,000.
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Deutsche Bank Profit Falls on European Debt Crisis
Found on WSJ.com: MarketBeat Blog - WSJ.com on Sat 4th Feb 12
Deutsche Bank said on Thursday that net profit plunged in the fourth quarter after the European sovereign debt crisis led to a decline in revenue in its investment banking division.
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Tracking the recovery: pessimism still pervasive
Found on Calafia Beach Pundit on Sat 4th Feb 12
For the past three years this blog has been steadfastly of the belief that while the economy was likely to improve, the recovery would be sub-par because of too much fiscal stimulus and too much uncertainty surrounding monetary policy. At the same time, I have
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Supreme Court Building Covered in Giant Dollar Signs
Found on The Big Picture on Sat 4th Feb 12
To mark the second Citizens United anniversary, we lit up the Supreme Court with giant dollar signs to send a message: rights are for PEOPLE, not corporate “persons.”
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ISM Manufacturing Report on Business: January 2012
Found on Calculated Risk on Sat 4th Feb 12
Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that manufacturing activity improved in January with assessments of most measures increasing.At 54.1 the purchasing managers composite
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