(H/T: Hot Air Headlines) This is not going to end up being a windmill joust against Barack Obama. Much to the Democrats’ secret displeasure. GOP leaders will help coordinate various House investigations into controversies involving the Department of Justice (DOJ), the Internal Revenue Service (IRS) and the State Department. But the key Republican lawmaker with jurisdiction on all these matters said that a rerun of | Read More
(H/T: Hot Air Headlines) This is not going to end up being a windmill joust against Barack Obama. Much to the Democrats’ secret displeasure. GOP leaders will help coordinate various House investigations into controversies involving the Department of Justice (DOJ), the Internal Revenue Service (IRS) and the State Department. But the key Republican lawmaker with jurisdiction on all these matters said that a rerun of | Read More
Among the headlines of the many human tragedies in our midst, you don’t read or hear much about the evil of human trafficking, a central concern of this brief video from the Catholic News Service which focuses on the work of the International Catholic Migration Commission. It includes comments from the commission’s president, John Klink, who, if I may proudly boast, was a high school classmate of mine:
Originally posted here:
Catholics and Human Trafficking
From the diaries by Erick There have been a number of things that I have learned in the business and investing world over the last two decades. One of those things is to look beyond the headlines of reported news, figures and others statistics to understand what is going on below the surface. Over the last several months, there has been no shortage of headlines | Read More
The funny thing about the Labor Department’s monthly unemployment report is that the number-crunching bureaucrats act like they’re delivering high carat diamonds when the real worth of what they’re reporting is closer to the value of a mud pie. First, a college graduate with a degree in biomedical engineering who gets a $90,000 job in his field is counted exactly the same in the government’s unemployment report as a biomedical engineering graduate who can’t find a job and is working weekends as a bus boy at Applebee’s. Or as the PBS Newshour succinctly stated it, “If you only worked one hour in the past week, you’re counted as officially employed.” Given the large number of part-timers who are currently looking for full time work and unable to find a job, that flaw alone by the Labor Department of putting part-timers in the “employed” column makes their monthly unemployment statistic meaningless. An estimated 50 percent of young college graduates are currently either jobless or significantly underemployed in positions that don’t utilize their skills and education. Second, if a guy loses his $150,000 job and he and his previously stay-at-home wife each get part-time jobs paying $25,000, the Labor Department counts that as job growth, two jobs rather than one, a clear indication that job creation is expanding. If they can’t make ends meet, there’s even more job growth if their kid gets a Saturday job drying cars at the local car wash. If another kid in the family ends up selling apples on the street corner, that’s a 400% jump in the number of jobs in the economy the way the Labor Department figures it, even though everyone in the family is financially worse off.
