Manufacturing Jobs vs. Waiters/Bartenders

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Microsoft Layoffs to Cut Up to 18,000 Jobs

http://www.nytimes.com/2014/07/18/business/microsoft-to-cut-up-to-18000-jobs.html?_r=0

Austerity Strikes The Fed: Boston Reserve Bank Slashes 160 Jobs Due To US Treasury Cost-Cutting

Ron Paul 1 - Fed 0.


http://www.zerohedge.com/news/2014-05-08/austerity-strikes-fed-boston-reserve-bank-slashes-160-jobs-due-us-treasury-cost-cutt

91 million Americans aren't looking for jobs

http://economy.money.cnn.com/2014/02/10/91-million-americans-arent-looking-for-jobs/

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Ten Times More Waiter And Bartender Than Manufacturing Jobs Added In 2013

http://www.zerohedge.com/news/2013-08-02/ten-times-more-waiter-and-bartender-manufacturing-jobs-added-2013

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OVERSTOCK.COM CEO: Steve Cohen Is Directly Responsible For Corruption That Has Cost Hundreds Of Thousands Of People Their Jobs

There is no way to say "I told you so" with dignity, so I'll just say it without:  I told you so.  Search "Deep Capture" in this blog alone: <Deep Capture>, and you will see a number of blog entries implicating Steve Cohen and his cabal of naked short-selling hedge fund cohorts, which destroyed many sound biotech companies, some of whom had promising treatments for a variety of conditions, including cancer, obesity, and diabetes.  All to obtain billions in illegal profits.  Imagine not only the job losses, but the human losses.

The Subsidy Addiction: Jobs Vs Foodstamps

http://www.zerohedge.com/news/2013-02-04/subsidy-addiction-jobs-vs-foodstamps

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How Helicopter Ben Helps Jobs and, Inadvertently, Gold

http://www.gotgoldreport.com/2012/10/how-helicopter-ben-helps-jobs-and-inadvertently-gold.html#more

Chart Of The Day: The "New Normal" Trade Off - Debt vs Jobs

http://www.zerohedge.com/news/2012-10-08/chart-day-new-normal-trade-debt-vs-jobs

The Death Spiral of Debt, Risk and Jobs

http://www.oftwominds.com/blogmay12/death-spiral-debt-jobs5-12.html

About Those US Jobs

http://www.caseyresearch.com/articles/about-those-us-jobs?ppref=CRX420ED0112B

Q: You recently testified before Congress in an antitrust hearing about Google. What are your reflections on the experience? Were the leaders there asking the right questions?

Eric Schmidt: So we get hauled in front of the Congress for developing a product that's free, that serves a billion people. Okay? I mean, I don't know how to say it any clearer. I mean, it's fine. It's their job. But it's not like we raised prices. We could lower prices from free to… lower than free? You see what I'm saying?

US Needs To Generate 262,500 Jobs Monthly To Return To Pre-Depression Employment By End Of Obama Second Term

http://www.zerohedge.com/news/us-needs-generate-262500-jobs-monthly-return-pre-depression-employment-end-obama-second-term

Investbank hiring freeze

http://www.bloomberg.com/news/2010-09-27/morgan-stanley-said-to-freeze-hiring-at-investment-bank-for-rest-of-year.html

Securities firms around the world will cut as many as 80,000 jobs in the next 18 months as revenue growth begins to slow, bank analyst Meredith Whitney of Meredith Whitney Advisory Group LLC said in a report dated Aug. 31.

This is what happens when the government allows fictitious accounting, and bankers pay themselves outrageous bonuses based on said fictitious profits. Meanwhile, shadow banking assets remain, rotting as upside-down borrowers walk away from their mortgages.

Government creates--and destroys jobs

http://www.campaignforliberty.com/blog.php?view=10248

A year and a half later, unemployment still remains high, and the economic recovery is a myth.

CEO's rank California dead last

California is killing the manufacturing industry according to a survey among CEO's.

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=532309

Asked to rank states by business climate, CEOs put California dead last. Texas was No. 1.

• "Texas is pro-business with reasonable regulations while California is anti-business with anti-business regulations."

• "California is terrible. Even when we've paid their high taxes in full, they still treat every conversation as adversarial. It's the most difficult state in the nation. We have actually walked away from business rather than deal with the government in Sacramento."

• "The leadership of California has done everything in its power to kill manufacturing jobs in this state. If we could grow our crops in Reno, we'd move our plants tomorrow."

• "State politics seem consumed with how to divide a shrinking pie rather than how to expand it."

• "Union density is increasing, contrary to national trend, from 16.1% of workers in 1998 to 17.8% in 2002."

• "Unfunded pension and health care liabilities for state workers top $500 billion and the annual pension contribution has climbed from $320 million to $7.3 billion in less than a decade."

California's long-term job losses are downright ugly. Since 2001, while politicians dither and spend, 634,000 factory jobs have disappeared along with 34% of the industrial base. From 2003 to 2007 alone, according to the Milken report, 79,000 jobs were lost due to excessive regulation and too-high taxes.

But if California's private companies are suffering, its public sector sure isn't. From 2001 to 2009, California lost 235,000 net private-sector jobs, but gained 163,700 government jobs. Those cushy union jobs also pay more than comparable private jobs and provide gold-plated benefits. Now Californians find they actually have to pay for this foolishness.

More employment cheerleading

Our government leaders must really think we're stupid.

http://www.zerohedge.com/article/290k-payrollsadded-unemployment-goes-back-99-underemployment-171

Competitiveness and jobs

Has America lost its competitiveness? And is this why jobs are migrating offshore?

http://www.nytimes.com/2010/03/03/opinion/03friedman.html?hp#

Government salaries surging

There's no recession in the Federal government. Just as millions in the private sector are losing jobs, or earning considerably less taking jobs just to make ends meet, government salaries are bulging.
http://www.usatoday.com/news/washington/2009-12-10-federal-pay-salaries_N.htm?loc=interstitialskip

It's befitting to see government officials denounce Wall Street's high salaries and bonuses. Perhaps they should also talk to the mirror.

Co-founder of Home Depot, Ken Langone

In this Bloomberg interview, he calls it as he sees it:

http://www.bloomberg.com/avp/avp.htm?N=av&T=Kenneth%20Langone%20Says%20U.S.%20in%20%60Horrible%20Economic%20Storm%27&clipSRC=mms://media2.bloomberg.com/cache/vY36ExWO8TB0.asf

We could use a little honesty from the government.

Jack Welch

Jack Welch, former CEO of General Electric, knows a thing or two about business. This morning, he commented on the stimulus bill proposed before the Senate for passage:
1) the bill should include components to CREATE jobs, not SAVE jobs.
2) the bill should address resuscitate the banking industry which is on cardiac arrest
3) the proposed bill is addressing the wrong priorities. He made an interesting comparison of the cardiac patient needing blood to flow through his body; yet, the bill proposes purchasing the patient a pair of shoes and a suit.

I think that is an apt metaphor. I believe the current bill does not include enough investment in infrastructure, and too much pent up pork--which will clog the arteries of the patient.