Current Indicators Suggest Pickup in Growth
The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, increased from 20.7 in October to 40.8 this month and has now been positive for nine consecutive months (see Chart). This was the highest reading since December 1993.
Both the current new orders and shipments indexes rose from their readings in October. The current new orders index, which reflects the demand for manufactured goods, increased 18 points, to 35.7. Over 44 percent of the firms reported a rise in new orders, compared with 36 percent last month.
Labor market indicators showed improvement this month. The current employment index rose 10 points in November, to 22.4, and hit a 3½ year high. Twenty-nine percent of the firms reported increases in employment compared with 20 percent that reported increased employment last month. Firms also reported higher work hours, with the average workweek index rising from -1.3 to 7.8 this month.
Oct. Leading Indicators: Leading Index +0.9% to 105.2 vs. +0.6% expected, +0.7% in Sep.
Coincident Index +0.1% vs. +0.3% prior.
Lagging Index -0.1% vs. +0.1% prior.
Obama did not have the powers to do everything concerning the undocumented to his liking, as his desire to provide medicare to all instead of the complicated ACA.
The number was estimated to be around 5 million and not 10mil etc ... You will get the logistics later on today or go back and take a look at the Senate bipartisan bill:
The House's GOP leadership has refused to take up a bipartisan immigration-reform bill that the Senate approved in June 2013.
The claims report showed the number of people still receiving benefits after an initial week of aid declined 73,000 to 2.33 million in the week ended Nov. 8, the lowest since December 2000.
Don't be a GOP Ameri-can't but be an Obama Ameri-can.
God bless America and may this Christmas bring UE down to 5.5% next Spring.
1. umpteeth time to repeal Obamacare
2. job one is to make sure Obama is a two term president
3. pipe dirty oil to Houston for Chinese export
4. raise mortgage interest rate from 4% today to 6%
5. don't ask don't talk about the millions of illegals already living in 50 States
6. shut down EPA and let food industry police safety and contaminations
7. eliminate department of education and student tests
8. send combat troops back in mid-east to protect our oil interest
9. privatize social security
10. privatize Medicare/aid
11. privatize CDC
12. shorten all new drug test cycles (bring back phen fen)
13. deport all homosexuals
If the short sighted candidates had recruited POTUS in their campaign, they would be able to ride the Obama prosperity in job creation, slayer of Osama Bin Laden and The Great Depression II, healthcare provider for the less fortunate Americans, soldiers not dying by the thousands monthly in Mid-East dessert or at home, bird flippers to OPEC ...
Oh! Yeah! the black man can, an Ameri-Can.
My understanding was that TARP's initial intent was for the Treasury to purchase those toxic CDAs and underwater mortgages at market place, which was about 20c on the $. But within days of passage, the Fed and the Treasury unilaterally decided to abandon the planned purchase of toxic assets in favor of direct injections of billions in cash into companies like Goldman and Citigroup, using those hundreds of billions for almost every purpose under the sun – everything, that is, but lending to the homeowners and small businesses and cities they had destroyed. ...
Chew on this bit of information and be enlightened:
Almost six decades after the iconic photo of Sophia Loren oddly eyeing Jayne Mansfield was taken, Loren has explained her peculiar side eye in the pic.
Loren, now 80, spoke to Entertainment Weekly in promotion of her memoir "Yesterday, Today and Tomorrow: My Life."
She explained the setting 57 years ago, saying, "Paramount had organized a party for me. All of cinema was there, it was incredible. And then comes in Jayne Mansfield, the last one to come. For me, that was when it got amazing."
She continued, "She came right for my table. She knew everyone was watching. She sat down. And now, she was barely… Listen. Look at the picture. Where are my eyes? I’m staring at her nipples because I am afraid they are about to come onto my plate. In my face you can see the fear. I’m so frightened that everything in her dress is going to blow — BOOM! — and spill all over the table."
I was raising a young family and got hit hard by Reagan's payroll tax increases and 17% mortgage rates during the 80's. HP had the toughest year in 1985 during one of Reagan's recessions ... Oh, and don't forget his amnesty program for the illegals and the humongous bailouts for junk-bonds and the savings and loan industry.
That's why Clinton was such a popular president from both camps and his top economic team were all from Wall Street and passed NAFTA, trade agreement with China and killed off Glass-Steagall Act which led to the great offshore movement and financial meltdown.
Canada reported an October jobs gain of 43.1K vs. expectations for just 5K. The unemployment rate fell to a six-year low of 6.5% from 6.8%.
It's been a yo-yo year for Canadian jobs, with four of the 2014's 10 months so far printing negative numbers, but October's gain marks two large advances in a row. "The see-saw pattern is gone," says CIBC's Avery Shenfeld. "The employment rebound in the past two months is a refreshing dose of reassurance on growth."
The loonie jumps nearly 100 pips on the news, now up 0.6% and buying $0.8812. The TSX 200 approves, up 0.75% early in the session.
Why are you angry when more of your neighbors, friends and kins are finding jobs and making a decent wage? (note that weekly income have not risen much but numbers are not dropping which means:
Average hourly earnings for all employees on private nonfarm payrolls rose by 3
cents to $24.57 in October.
“A sustained rise in the participation rate is unlikely before labor markets tighten much further,” chief U.S. economist Michael Feroli and analyst Jesse Edgerton at JPMorgan Chase & Co. wrote in an Oct. 28 research note. That’s because the largest gaps in labor force participation are found among older Americans who probably won’t return even as job prospects improve. Those are among the demographic issues that are responsible for 2.2 percentage points of the 2.8 percentage-point decline in the rate since 2007, they wrote.
According to Bank of America Merrill Lynch of the 17 largest foreign-currency bond issuers in its Russian corporate bond index only nine had enough cash to cover at least 80% of the outstanding debt. Of them only 7 have enough cash to cover the full amount.
We already know that Rosneft requested 2 trillion roubles from the state National Wealth Fund to help it weather current market turmoil. The request was refused with Russia's Finance Minister Anton Siluanov saying the scale of the request was impossible to meet without putting huge strain on the country's reserves.
According to the editors of the National Review, there's only one thing for Republicans to do with their new-found control of the US Congress: nothing.
The political reality is that as long as President Barack Obama is in office and can veto bills he doesn't like, Republicans aren't going to be able to achieve any of their legislative objectives. So why try?
"If Republicans proclaim that they have to govern now that they run Congress, they maximise the incentive for the Democrats to filibuster everything they can - and for President Obama to veto the remainder," they write. "Then the Democrats will explain that the Republicans are too extreme to get anything done."
Before HWP share price crashed on the news, the stock dilution was $21b plus transaction fees and restructuring costs that total $25b. If we had put the $25b in Tbills instead, HWP would have nearly $70b tax free funds in its treasury.
They call the countries under "The News Junkie" India, Ethiopia, China, Liberia, Old Russia USSR and the rest of the underdeveloped states.