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unclefulbert 259 posts  |  Last Activity: 2 hours 39 minutes ago Member since: Mar 8, 2003
  • unclefulbert by unclefulbert Jun 1, 2016 8:31 AM Flag

    ADP National Employment Report
    April 2016

    ADP National Employment Report: Private Sector Employment Increased by 156,000 Jobs in April

    Goods-producing Sector
    -11,000

    Construction
    14,000

    Manufacturing
    -13,000

    Service-providing Sector
    166,000

    Trade, Transportation & Utilities
    25,000

    Financial Activities
    4,000

    Professional & Business
    27,000

  • Whether it's inflation, the cost of living in the Bay Area or simply the love of basketball, a fan thought it was worth $58,000 to sit courtside for Game 7 Monday night to see the Golden State Warriors host the Oklahoma City Thunder.

    ESPN reported that one fan paid $29,000 each for a pair of floor seats, and that available tickets were sold out within minutes of putting them up for sale.

    Tickets priced from $230 to $2,150 went on sale Sunday night and were quickly snapped up. The $29,000 paid for the two floor seats were sold on the Warriors' resale site, run by Ticketmaster.

    According to a spokesman for StubHub, its average sold ticket for the game was $824, with the cheapest seat going for $359.

  • Personal income increased $69.8 billion, or 0.4 percent, and disposable personal income (DPI)
    increased $63.5 billion, or 0.5 percent, in April, according to the Bureau of Economic Analysis.
    Personal consumption expenditures (PCE) increased $119.2 billion, or 1.0 percent. In March,
    personal income increased $56.7 billion, or 0.4 percent, DPI increased $49.6 billion, or 0.4 percent,
    and PCE increased $3.7 billion, or less than 0.1 percent, based on revised estimates.

    Real DPI increased 0.2 percent in April, compared with an increase of 0.3 percent in March.
    Real PCE increased 0.6 percent, in contrast to a decrease of less than 0.1 percent.

  • unclefulbert unclefulbert May 27, 2016 8:57 AM Flag

    You don't count 30% of those angry white blue collar men and women as "the common" people. Those are the same people who would never vote for a colored person or woman to the White House. They are also the same ones who said they want to repeal Obamacare but like most of the ACA.

  • Corporate profits move higher in Q1

    Q1 Corporate Profits: +0.6% Q/Q, -8.4% prior.

    Q1 GDP revised higher, but shy of estimates

    GDP Q1: +0.8% vs. +0.9% consensus, +0.5% first estimate.

  • Reply to

    Demography is Destiny/Chinese edition

    by w.heinlein May 25, 2016 4:12 PM
    unclefulbert unclefulbert May 27, 2016 8:50 AM Flag

    heinlein,

    Agree with you on all points. Strange that the Chinese has only relaxed the one child policy and only relaxed it to two this year. Meanwhile, the Japanese, like Singapore, have been encourage their youngsters to form families and procreate with little success.

    Last, besides the formal legal immigrants, the biggest piece has been people overstaying their visas. Many from all countries just stayed. Not sure the exact number but likely hundreds of thousands each year. Nice Trump wall will keep them in?

  • Reply to

    Demography is Destiny/Chinese edition

    by w.heinlein May 25, 2016 4:12 PM
    unclefulbert unclefulbert May 27, 2016 8:18 AM Flag

    lang, you might have missed this article on Tesla and others hiring foreigners. They took jobs from your relatives:

    the U.S. issued 6.2 million business visas in fiscal year 2014. It allows foreigners to enter the country for pleasure and limited work purposes — for example, to negotiate contracts, supervise or train U.S. workers in a specialized skill, or attend a conference — but it broadly bans the holder from performing hands-on jobs that U.S. workers can do. The visa allows workers to stay in the U.S. for up to six months at a time.
    Critics say the B1 system appears to be broken. While consular officers check to see that workers will return home, less attention is paid to the work they perform in the U.S.
    “It’s the wonderful world of unregulated visas,” said Daniel Costa, an immigration law and policy researcher at the Economic Policy Institute, a think tank funded partly by labor unions.

  • Reply to

    Wall Street Money is going to Hillary

    by northvisitor34 May 26, 2016 8:06 PM
    unclefulbert unclefulbert May 27, 2016 8:07 AM Flag

    Well, too big to fail because they own us. If you search the text below, it was published before the bailout and a commentary on Genetically Modified foods:

    Henry Kissinger had in mind in 1970 when he said: "Control oil and you control nations; control food and you control the people."

    Remember also, this cabal is one of many interconnected ones with fearsome power and ruthless intent to use it - Big Banks controlling the Federal Reserve and our money, Big Oil our world energy resources, Big Media our information, Big Pharma our health, Big Technology our state-of-the-art everything and watching us, Big Defense our wars, Big Pentagon waging them, and other corporate predators exploiting our lives for profit. Engdahl's book focuses brilliantly on one of them.

  • Pending home sales impress in April

    April Pending Home Sales: +5.1% to 116.3 vs. +0.6% expected, 1.6% prior.

  • though population is much higher:

    Initial Jobless Claims: -10K to 268K vs. 275K consensus, 278K prior.

  • Reply to

    Issue Of Automation Not Solved By Tariffs

    by trueallday May 25, 2016 2:03 PM
    unclefulbert unclefulbert May 26, 2016 8:21 AM Flag

    Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots.

    One factory has "reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots", a government official told the South China Morning Post.

    Xu Yulian, head of publicity for the Kunshan region, added: "More companies are likely to follow suit."

    China is investing heavily in a robot workforce.

    In a statement to the BBC, Foxconn Technology Group confirmed that it was automating "many of the manufacturing tasks associated with our operations" but denied that it meant long-term job losses.

    "We are applying robotics engineering and other innovative manufacturing technologies to replace repetitive tasks previously done by employees, and through training, also enable our employees to focus on higher value-added elements in the manufacturing process, such as research and development, process control and quality control.

    "We will continue to harness automation and manpower in our manufacturing operations, and we expect to maintain our significant workforce in China."

    Since September 2014, 505 factories across Dongguan, in the Guangdong province, have invested 4.2bn yuan (£430m) in robots, aiming to replace thousands of workers.

  • unclefulbert by unclefulbert May 26, 2016 7:34 AM Flag

    NEW YORK -- CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks -- a big fat zero.

    The typical chief executive in the Standard & Poor's 500 index made $10.8 million, including bonuses, stock awards and other compensation, according to a study by executive data firm Equilar for The Associated Press. That's up from the median of $10.3 million the same group of CEOs made a year earlier.

    The raise alone for median CEO pay last year, $468,449, is more than 10 times what the typical U.S. worker makes in a year. The median full-time worker earned $809 weekly in 2015, up from $791 in 2014.

    "With inflation running at less than 2 percent, why?" asks Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware.

  • unclefulbert unclefulbert May 26, 2016 7:14 AM Flag

    packer,

    Trump hasnot denyed having extramarital affairs and trysts. Many Presidents did. However, Bill Clinton was the only one who perjured himself in Congressional inquiries and by shaking his index fingers at us on national TV: I did not have sexual relationship with that woman, Miss Lewinsky.

  • Reply to

    Issue Of Automation Not Solved By Tariffs

    by trueallday May 25, 2016 2:03 PM
    unclefulbert unclefulbert May 26, 2016 7:09 AM Flag

    lang,

    Recall ICBM advances was all the rage in my High School civics class. It was a nice term to throw away at lunch breaks to impress the girls, of course raising your hands to correct mispelling of the teacher on Avogadro's number vs Avagadro's was even better.

    That is the main reason that those multibillion dollar aircraft carriers are becoming obsolete with billions of war planes on deck.

    BTW, my first job out of school was working on the components for Poseidon Missile systems before switching to Trident, just when Vietnam was winding down.

    Those were the days of troubles that today's OWS. BLM and Trump protests are walks in the parks on Sunday afternoons.

  • unclefulbert by unclefulbert May 25, 2016 4:30 PM Flag

    California universities graduated the greatest total number of founders whose companies attracted funding, and the state was by far the most popular place to set up shop. Schools in 45 states have graduated entrepreneurs, yet 81% of the companies we looked at are located in three states.

    Where they set up companies
    California 1,135
    Massachusetts 274
    New York 213
    Washington 66
    Texas 63

  • Reply to

    Demography is Destiny/Chinese edition

    by w.heinlein May 25, 2016 4:12 PM
    unclefulbert unclefulbert May 25, 2016 4:25 PM Flag

    Less people, less mouths to feed and fewer socks to buy. China had to limit pop growth because of they WERE unable to produce enough food with their ox driven plows and human waste fertilizers. Well, thanks to our capitalists exported all those manufacturing jobs, they have money to buy our pork and soy.

    With that said, our demographic shift was foreseen in the 90s if not before. When I was college, overpopulation was a big topic in form room discussions. Hence big push for birth control and vasectomy for college grads. So far so good in mho.

  • HP Inc. posts mixed results, issues mixed guidance; shares lower

    HP Inc. (NYSE:HPQ): FQ2 EPS of $0.41 beats by $0.03.
    Revenue of $11.59B (-11% Y/Y) misses by $130M.
    Expects FQ3 EPS of $0.37-$0.40, below a $0.41 consensus.
    Expects FY16 (ends Oct. '16) EPS of $1.59-$1.65 vs. a $1.59 consensus.
    Shares -2.6% after hours.

  • unclefulbert by unclefulbert May 25, 2016 2:33 PM Flag

    Hillary Clinton "did not comply" with State Department policies when she chose to use a personal email account to conduct government business, according to an inspector general's report released Wednesday.

    The State Department faulted Clinton and previous secretaries of state for poorly managing email and other computer information and for slowly responding to new cybersecurity risks.

    The report cites "longstanding, systemic weaknesses" related to communications that precede Clinton's appointment as secretary of state. The State Department singled out Clinton's failures as "more serious," however, according to the Associated Press.

  • Harvard economist and former Obama adviser Larry Summers recently highlighted this troubling trend in a Washington Post op-ed warning about future recessions. He notes that during previous bouts of low federal investment, the US was enjoying “peace dividends” in the wake of the post Vietnam and Cold Wars. This time around, he says, the lack of federal investment is a sign of counter-productive budget cutting.

  • Reply to

    Memo to Sanders Supporters

    by w.heinlein May 25, 2016 1:42 PM
    unclefulbert unclefulbert May 25, 2016 2:30 PM Flag

    If not for Sanders, Billary would pay little attention to Bernie's passion on income inequality, wall street follies, election financing, adjust frozen minimum wage and employee rights. Feel the Bern!

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