So reports the British-based Syrian Observatory for Human Rights, according to CNBC here.
Friday, April 7, 2017
Gorsuch confirmed to Supreme Court 54-45
The roll call vote is here.
3 Democrats joined the Republicans in confirming despite the changing of the filibuster rule.
1 Republican did not vote.
ADP had private payrolls up 263,000 earlier this week, but we only get 98,000 from the BLS today
When the expected BLS increase to total nonfarm was 180,000.
What's up with that?!
Long story short: Forget ADP, and employment gains have slowed by 15% in the last year.
ADP is designed to try to predict what the BLS is going to say, and is known to fail at this. It is questioned why ADP even bothers. I agree.
A government measure from the Household Survey, the sum of usually full-time and usually part-time, not seasonally adjusted, is up only 1.89 million (157,500 per month) year over year in March 2017.
Total nonfarm, on the other hand, from the Establishment Survey, is up 2.135 million, not seasonally adjusted (178,000 per month) year over year.
That last number, 178,000 per month, is what the BLS also says is the current 3-month average in March 2017.
Compare that to March 2016 when the 3-month average was 209,000.
There's the truth.
The soft number of 98,000 in the headline today contributed to the climb-down in the 3-month average this month. It will be revised next month, probably up because it's so low. But it's the revisions down for the previous two months totaling 38,000 which are the clue to look farther back.
The absolute number is not important because we can't be certain about it. It is only an estimate anyway, not an actual count. But we can be certain that the long-term behavior of the estimates shows an employment slow down of about 15% year over year.
It was well underway before Trump even got elected.
You can see that in full-time employment gains. Measured in March year over year, full-time gains peaked in March 2015 at almost 3 million additions. Gains have steadily fallen since, to 2.5 million in March 2016 and just 2 million now in March 2017.
And the bottom line there is we've added about only 4.7 million full-time jobs since March 2008 on net.
After NINE years.
The country remains mired in shrunken conditions from which it has not escaped.
In a real recovery, the 10 million full-time jobs lost in 2009 and 2010 would have been fully replaced by 2013 at the latest. It took until 2015, and the momentum immediately started to recede.
The Deep State: Eisenhower knew it as the military-industrial complex
The military leadership is shot through with liberal neocons bent on perpetual war to keep the warriors busy.
What interest does its intelligence network have in telling the truth to a civilian commander in chief about who did what with which to whom in Syria?
They all lied about WMD in Iraq, as surely as Obama & Co. lied to us about Obamacare.
Trump's just their latest patsy to keep the money flowing to the underlying businesses.
Thursday, April 6, 2017
Michael Savage just said "emacerated"
"Macerated" is a word, but not "emacerated".
Michael Savage obviously didn't get his PhD in English, but how do you get a PhD and make mistakes like that?
He also makes flubs like "you and I" when he means "you and me".
The way to Obamacare repeal is through repeal of the filibuster
Harry Reid's fateful end of the filibuster in 2013 for lower court and executive branch nominees looks set to be ended also for the higher court.
Once accomplished, nothing in principle stands in the way of removing the filibuster rule for legislation.
And that means Obamacare can be repealed with a simple majority of Republicans.
From the story here:
And now, with political polarization at an extreme, the Senate is on the verge of killing off the Supreme Court filibuster, the one remaining vestige of bipartisanship on presidential appointments. For now the filibuster barrier on legislation will remain, though many fear it could be the next to go.
Those who lament this development should look to themselves.
Popular election of Senators from 1913 has made the Senate little more than a Super House, where the filibuster ended in 1842. The continuance of the filibuster in the Senate is thus an anachronism and a farce in an age of rule by 535 demagogues.
If anyone wishes to imbue the Senate with the supposed august character of its past, start by rescinding the popular election of its membership, thus making the Senate once again the creature of the states the constitution meant it to be.
For such a Senate the filibuster might once again become appropriate, but not for this one.
Labels:
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Wednesday, April 5, 2017
Tuesday, April 4, 2017
Monday, April 3, 2017
Opioid epidemic is far more likely an effect of this depression economy than one of its causes
Jeffrey Snider, here:
What the cash flow and profit series tell us is that Economists once again have it backward. The opioid epidemic is far more likely an effect of this depression economy than one of its causes. If businesses are forced to utilize so much less labor, it is because there is no cash nor expectation for growth in profit by which to put more of it to productive use. ...
The problem is the erosion of the national basis for income, the jobs that the Trump administration has correctly focused upon in at least its economic rhetoric. The means to correct the deficiency so far proposed, however, will, in all likelihood, do little or nothing toward alleviating it. For as much as the Federal Reserve in 2017 will claim that this is now a purely fiscal problem, it is instead still a monetary one just as it has been all along.
AP Obama details Obama policies already reversed by Trump
1. Climate change
2. Internet privacy
3. Abortion/Family Planning
4. Keystone XL Pipeline
5. Dakota Access Pipeline
6. Fuel efficiency standards
7. TPP
8. Abortion/Mexico City Policy
9. Fiduciary Rule
Story here.
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