Ellison was a bright but inattentive student. He left the University of Illinois at Urbana-Champaign after his second year, after not taking his final exams because his adoptive mother had just died. After spending a summer in northern California, Ellison attended the University of Chicago for one term, where he first encountered computer design. In 1966, aged 22, he moved to northern California. (wikipedia)
Just a few years ago, inheritance tax was zero for all families including those with estates in the tens of $billions. The obstructionists called all inheritance tax death tax.
The House plans to vote Feb. 12 to increase the U.S. debt limit and restore cost-of-living raises for military retirees, said Representative Robert Pittenger of North Carolina.
The plan was announced in a closed-door meeting of House Republicans, Pittenger told reporters today in Washington. The debt limit would be raised until March 2015, said Republican Representative Joe Pitts of Pennsylvania.
The military retirees’ cost-of-living adjustments had been reduced in a December budget deal. Republicans would pay for the restored benefits by extending cuts in programs including Medicare for one year.
Another piece of data is more women are out of the work force to take care of their young children AND empty nesters no longer see a need for two incomes as their children are on their own, a case of many ex-hpers who took EER as yours truly over a decade ago.
I had been telling y'all this since Spring of 2009. Expect more hard evidence to come as 3 million boomers reach 67 this year and next and next and next ... :
In the two years ended 2013, 80 percent of the decrease in labor force participation was due to retirement, according to calculations by Shigeru Fujita, a senior economist at the Federal Reserve Bank of Philadelphia. And while the number of discouraged workers rose sharply during and after the recession, the group’s ranks have been roughly unchanged since 2011.
You clear on why Obama made the decision and what percentage of businesses are affected?
This one, also recounted by Larry Krauss, comes from the famous British physicist Ernest Rutherford, who told it to a great Danish physicist, Niels Bohr. It's about a person who goes into a pet shop to buy a parrot.
He is shown a very colorful bird and told that it speaks 10 different words and its price is $500.
Then he is shown a more colorful bird, with a vocabulary of 100 words, with a price of $5,000.
He then sees a scruffy beast in the corner and asks how much that bird is. He is told $100,000.
"Why?" he asks. "That bird is not very beautiful at all. How many words, then, does it speak?" None, he is told. Flabbergasted, he says to the clerk, "This bird here is beautiful, and speaks 10 words and is $500. That bird over there speaks 100 words and is $5,000. How can that scruffy little bird over there, who doesn't speak a single word, be worth $100,000?"
The clerk smiles and says, "That bird thinks."
amoulits, Agree ... one would think the collective pundits with their prestigious PhDs and super computers would have done a better job.
amoulits, May be so but CPS employs the same polling as used by the political consultants who called our elections pretty well. Also, ADP's number had been consistently more bullish than bls's. Thus no surprise that upward revisions had been made in most months since the 2008/2009 Great Recession. Until future adjustments are made, mho is that the new job data is somewhere between the data from bls and ADP. The market appears to agree so far.
whatwasit, What are you talking about? They are not counted only when they are no longer actively looking for employment, NOT because their UE benefit ran out. Once more, UE numbers are based on household survey, i.e. from you, me and our neighbors.
New jobs added or subtracted was from government and corporations. While the data was based on actual but often omitted from newest and small businesses.
UE and labor participation rates were based on household survey. While data is based on citizen's input, from the horses' mouth so to speak, the sample size is smaller with higher standard deviations.
So, take your poison.
Apple Inc. (AAPL) shares rose 1.6% when it emerged that the company bought $14 billion of its own shares in the two weeks since reporting results that left investors disappointed. Share was above $550 before buyback and low of $493. rtq is $519. Granted the buyback might stopped the bleeding but certainly has not helped the company fundamentals.
Germany Labor force participation rate: For that indicator, The World Bank provides data for Germany from 1990 to 2011 was 58.54 percent with a minumum of 55.9 percent in 1990 and a maximum of 59.6 percent in 2009.
We are at 63% despite of boomers turning 67 this year.
The unemployment rate is officially at its lowest rate in five years at 6.6%.
The labor force participation rate rose to 63.0% from a previous level last month of 62.8%. A year ago the rate stood at 63.6%.
Average hourly earnings rose 0.2% M/M and the average workweek was unchanged at 34.4 hours.
January Nonfarm Payrolls: +113K
Any idea what's the total labor participation rate and what % of the employed are PT in Germany? Japan
s UE is near 3.5% and its society makes work for all able bodies.
Sony swings to profit; to sell PC ops, spin off TV business. Sony (SNE) swung to a net profit of ¥27B ($257M) in FQ3 from a loss of ¥10.8B a year earlier as revenue rose to ¥2.41T from ¥1.95T. However, the company surprisingly forecast a fiscal-year loss of ¥110B due to a major restructuring. Sony intends to spin off its flagship, but loss-making, TV business into a separate wholly owned unit, and to sell its struggling Vaio PC business to restructuring specialists Japan Industrial Partners. In addition, Sony intends to cut 5,000 jobs.
billy, Wages will go up trying to retain those turning in their resignations or replacing them with new blood. With boomers turning 67 at 3million a year, Fed will finally get their wish: wage inflation.
Former PC chief Bradley and ex-enterprise group chief Donatelli, once rising stars at the computing giant, are now waiting for restricted stock to vest under the undisclosed agreement.
Bradley is expected to leave HP at the end of February, with about $12 million in hand as part of the vesting agreement, the sources said. Donatelli is expected to remain with HP until March, receiving $8 million to $10 million, the sources said.
The deals were struck last summer and one person said the delayed departure was an attempt to minimize publicity.
Bradley and Donatelli, long considered by industry watchers as contenders for top jobs at companies ranging from Dell to Juniper Networks, are among the highest-profile casualties of a deep restructuring kicked off by Whitman when she took the helm in 2011.
Bradley once headed HP's single largest division, personal computers and devices, which has shrunk or stalled for years and was recently deposed by Lenovo Inc as the largest PC maker. He was replaced in June and charged with improving its China business.
In late summer, after Donatelli's enterprise division posted a 9-percent decline in fiscal third-quarter sales, Donatelli was replaced and tasked with identifying early-stage technologies for investment after Whitman blamed the enterprise business for HP's poor quarterly results.
One of the sources said Donatelli argued for a spinoff of his division, an idea Whitman scotched. HP declined to comment.
"The reason Todd and Dave were removed from their positions is because they were not making progress fast enough on the turnaround, and Meg wanted new leadership in those roles," HP spokesman Michael Thacker said on Tuesday, for the first time publicly commenting on the reason for their change in jobs.
billy, They should be warned that medicaid will go after their estates to recover the subsidies for those with little earned income but rich assets. Unless the obstructionists meddle with the rules to favor the rich again. Nonetheless, agree that it is good for those who seek jobs vacated by those who sought to be stay home to take care of their children or elderly parents, the way we were. Also, our corporations would finally have parity with other countries that have universal HC and not paying for employee HC.