Category Archives: Americans

Putin deposed in Russian coup?, Israeli former ambassador to Russia signs of coup, Stroke health issues dead?, Security chief general Viktor Zolotov killed?, Putin not seen in public in 10 days

Putin deposed in Russian coup?, Israeli former ambassador to Russia signs of coup, Stroke health issues dead?, Security chief general Viktor Zolotov killed?, Putin not seen in public in 10 days

 

 

From Haaretz March 15, 2015.

“Israel’s former ambassador to Russia: ‘There are signs of a coup’

Zvi Magen believes army factions or wealthy businessmen could be behind President Vladimir Putin’s disappearance.”

“Russian President Vladimir Putin was last seen in public on March 5, and in Russia there are increased fears he is the victim of an attempted coup by security organizations and the Russian army.

Israel’s former ambassador to Russia, Zvi Magen, told Haaretz he believes “there are many signs of a coup. The movement of the army around the Kremlin indicates that there is a change in government, or that an attempt at a change in government is being carried out.”

Magen believes those responsible for the potential coup are “branches or factions in the army who are working together or against one another, or wealthy businessmen, many of whom worked in these organizations. They could only be people who are free to walk around the corridors of the Kremlin.”

He says possible reasons include the ongoing sanctions imposed by the West on those close to the Kremlin, sanctions “that harm them personally. I don’t believe there’s a controversy there surrounding policy. They’re protecting their own interests.””

Read more:

http://www.haaretz.com/news/world/.premium-1.647001

From the Russian Monitor March 11, 2015.

(translated into English)

“Putin stroke?”

“Mail “Russian Monitor” received a letter signed by an anonymous employee of the Central Clinical Hospital of President Administration (CDB) in Moscow, in which he reported that the staff of this elite Moscow hospital to which “attributed to” the top management of the Russian Federation, circulate rumors that Vladimir Putin a few days ago was diagnosed with ischemic stroke. The source said that directly to the CDB President not hospitalized.”

http://rusmonitor.com/u-putina-insult.html

From Radio Free Europe March 15, 2015.

“News Analysis: Three Scenarios For A Succession In Russia”

“For a decade and a half, Vladimir Putin has sat at the top of a closed, hierarchical, and personality-based political system that allows for no competition.

As a result, opinion polls in Russia routinely show the public sees “no alternative” to Putin’s leadership.

So what would happen in Russia if Putin suddenly and without warning left the political stage? Over the last few days, we have seen the anxiety that even the rumor of such an event can produce in Russia and around the world. If Putin is the guarantor of stability in Russia, then does a scenario without Putin automatically imply instability — even violent instability?”

“The Constitutional Scenario”

“So if Putin unexpectedly left the scene and the constitution were followed to the letter, Prime Minister Dmitry Medvedev would return to the Kremlin and a competitive election would take place in three months.”

“The Consensus Scenario

Of course, such a smooth and legal transition of power is unlikely in Russia.

In Soviet times, political heavyweights wrestled behind the scenes until a successor emerged through some unfathomable communist alchemy.

More recently, when President Boris Yeltsin decided to retire, political insiders reached a consensus and produced the unimaginable candidacy of Vladimir Putin as his successor. They then used a combination of their financial, administrative, and media resources to get him elected.”

“The Conflict Scenario

But what if consensus can’t be reached?

Under Putin, the political system has become more personalized and centered around the president himself, who has balanced conflicting parties. And he has almost certainly stifled all discussion of what could or should happen in a post-Putin era.

But the divisions in Putin’s inner circle, always latent, have become more manifest with the Ukraine crisis and have intensified since the February 27 assassination of opposition figure Boris Nemtsov.

“Now the conflict between the clans has become very seriously intense,” says journalist and analyst Raf Shakirov. “It is obvious that different groups are pushing for different paths.”

The main fault line, he says, is between “hawks” who have become ascendant due to the Ukraine crisis and Russia’s showdown with the West and a “liberal group” responsible for the economy who would prefer a thaw at home and a rapprochement abroad.”

Read more:

http://www.rferl.org/content/russia-succession-scenarios/26899859.html

5.2 million full time employments lost Obama’s first year, Part time jobs created, Job myths lies exposed, Media lies, Whitehouse lies, Obamacare created more full times jobs?…let the drug testing begin, Gallup CEO Jim Clifton right

5.2 million full time employments lost Obama’s first year, Part time jobs created, Job myths lies exposed, Media lies, Whitehouse lies, Obamacare created more full times jobs?…let the drug testing begin, Gallup CEO Jim Clifton right

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief August 5, 2013

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984”

 

 

Did you know that 5,205,000 full time employments were lost during the first year of Obama’s occupation of the White House from January 2009 to January 2010?

Don’t take my word for it, FRED, the Federal Reserve Bank of St. Louis reports it.

http://research.stlouisfed.org/fred2/series/LNS12500000

This number has been somewhat obscured because some part time jobs were created to partially offset this number so that we only lost (ha ha)  3,714,000 jobs in 2009.

This is one of the best examples of many full time jobs being replaced by few part time jobs.

Ready for more laughs? (I know & agree, this is too damn serious to laugh)

The Obama White House brags about creating full time jobs.

“New Data: Most of the Increase in Employment is in Full-Time Positions Since the Affordable Care Act Became Law”

“Since the Affordable Care Act became law, the economy has created 6.5 million full-time jobs, while the number of part-time jobs has been essentially unchanged.”

http://www.whitehouse.gov/blog/2013/09/06/new-data-most-increase-employment-full-time-positions-affordable-care-act-became-law

For starters, as you can clearly see, Obama brags about creating full time jobs that were mostly lost during his first year.

The recession supposedly ended June 2009.

By all credible accounts, there has been an increase in part time jobs.

The original WhiteHouse.gov article was posted:

September 06, 2013.

Once again the quote from above:

“Since the Affordable Care Act became law, the economy has created 6.5 million full-time jobs, while the number of part-time jobs has been essentially unchanged.”

From the BLS.

“Commissioners
Keith Hall
January 2008–January 2012
Keith HallAppointed by: George W. Bush
Also served under: Barack Obama”

http://www.bls.gov/bls/history/commissioners/hall.htm

Keith Hall was commisioner of the BLS and is not under the control of Obama.

If anyone should know jobs data, it is Mr. Hall.

From the Atlanta Journal Constitution August 5, 2013.

“Welcome to the Obamcare economy. From McClatchy:

“The July government employment report released Friday showed the job market treading water.”And a closer look at one of the two measures the Labor Department uses to gauge employment suggests that part-time work accounted for almost all the job growth that’s been reported over the past six months. …” ‘Over the last six months, of the net job creation, 97 percent of that is part-time work,’ said Keith Hall, a senior researcher at George Mason University’s Mercatus Center. ‘That is really remarkable.’”Hall is no ordinary academic. He ran the Bureau of Labor Statistics, the agency that puts out the monthly jobs report, from 2008 to 2012. Over the past six months, he said, the Household Survey shows 963,000 more people reporting that they were employed, and 936,000 of them reported they’re in part-time jobs.” ‘That is a really high number for a six-month period,’ Hall said. ‘I’m not sure that has ever happened over six months before.’ “”
“How, then, to explain what’s happened since January? Back to the McClatchy article and Hall, the former BLS chief:

“Hall speculated that the implementation of the Affordable Care Act, shorthanded as Obamacare, might be resulting in employers shifting workers to part-time status to avoid coming health care obligations.”

‘There’s been so much talk about the effects of Obamacare on part-time work,’ he said. ‘This is such an unusual thing to see.’ ”
By “so much talk,” Hall of course was referring to the numerous stories of employers that are cutting back on their workers’ hours to avoid qualifying for Obamacare’s mandate to provide health insurance for them. Just yesterday, the AJC reported on the various ways local employers are trying to cope with the looming mandate (subscription to MyAJC required for link), including the decision by AAA Parking to move 250 full-time workers to part-time status. Many of the Americans affected by these business decisions are, of course, the very people Obamacare was supposed to help.

In fact, we can get even more specific than the January-July numbers Hall outlined.

Looking at the BLS data, the number of Americans working part-time for economic reasons — i.e., not because they want to work part-time — hit a multi-year low in March. Since then, part-time jobs have accounted for a whopping 99.1 percent of all jobs created. Over the past four months, on a net basis, just 9,000 full-time jobs have been added in the entire United States.

That means there have been 110 part-time jobs created for every one full-time job since March.”

Read more:

http://www.ajc.com/weblogs/kyle-wingfield/2013/aug/05/obamacare-economy-35-part-time-jobs-every-new-full/

The Atlanta Journal Constitution article was written one month prior to the WhiteHouse.gov article.

From the Federal Reserve April 14, 2014.

“The persistently high stock of involuntary part-time work

Chart 1 presents the two main categories of involuntary part-time work: i) individuals who work part time due to slack work or unfavorable business conditions, and ii) individuals who could only find part-time work, each as a percentage of the labor force (left panel) and for each its change since 2007 (right panel). For comparison purposes, we also plot the unemployment rate and average weekly hours by persons at work (the workweek). The decomposition in Chart 1 yields our first observation: although the share of individuals in the labor force working part time due to slack work or business conditions has declined roughly along with the unemployment rate, the percentage of individuals reporting they could only find part-time work has continued to increase.”

PartTimeFed

http://www.federalreserve.gov/econresdata/notes/feds-notes/2014/why-is-involuntary-part-time-work-elevated-20140414.html

Even PBS is asking questions.

“The startling fact you, we and Paul Krugman didn’t know about the jobs report”

“Hidden Part-Time Workers

But the number of part-time workers may actually be even higher than 7 million. As Making Sen$e has recently discovered, there’s another whole pool of part-time workers whom the government counts as full-time employees. How can that be? To count as a full-time worker, you must work 35 hours or more. But what if you work two or more part-time jobs that add up to 35 hours?

Several months ago, when we first asked Wolfers whether those part-time workers would be counted as full-timers, he said, of course not, no, but then quickly realized that, yes, in fact, the Bureau of Labor Statistics would count them as full-time employees.

According to the BLS, in data not disclosed in their monthly report, 1.2 million workers toil at multiple part-time gigs with hours adding up to or surpassing 35 hours. On paper, they’re full-time workers. At work, at home, and shuttling between shifts, though, they’re part-timers who may not enjoy the benefits, convenience or stability that comes with holding one full-time position.

The Real Shocker

Even more shocking is that the BLS’s headline number of jobs added each month — the figure that can move markets and shape headlines — makes no distinction between full-time and part-time payroll gains. “So if you’re on for an hour,” Wolfers said, “you’re counted as having a job” in the survey of employers.”

http://www.pbs.org/newshour/making-sense/the-startling-fact-you-we-and-paul-krugman-didnt-know-about-the-jobs-report/

You expect lies from the Obama camp and White House.

The media is just as bad.

More to come on that.

Job recovery a lie, Over 9 million millennials entered job market, 2.8 million fewer white Americans employed in Obama’s first year, 4.7 million migrants given work permits, Sloppy reporting bias Orwellian lies?

Job recovery a lie, Over 9 million millennials entered job market, 2.8 million fewer white Americans employed in Obama’s first year, 4.7 million migrants given work permits, Sloppy reporting bias Orwellian lies?

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Read the following Market Watch article and decide for yourself if it is Sloppy reporting, bias and/or Orwellian lies.

From Market Watch March 1, 2015.

“Jobless recovery is now the job-led recovery”

“The easiest way to explain why the U.S. economy appears poised for its best growth in years can be found in a pair of words that have become more and more common: Help wanted.

Over the past year the U.S. has cranked out an average 259,000 new jobs a month, including almost 1 million positions in the last three months alone. That’s the strongest increase in employment in a decade and a half.

Nor is there any sign hiring is about to crumple. The U.S. added 252,000 jobs in January and economists polled by MarketWatch predict a milder but still-healthy 235,000 gain in February. The unemployment rate is seen dipping to 5.6% from 5.7%, though the official figure excludes millions of people who’ve given up looking for work and those who can only find part-time jobs.

In any case, the spike in hiring has set the stage for faster economic growth even though there’s little evidence yet that workers are receiving sharply higher wages. More Americans working means more people eating out, more car sales, more home buying and so forth — even if people who already had a job don’t increase their spending at all.

Better yet, that will spur businesses to raise their own spending.

“All the gains in the labor market have generated plenty of momentum that will support more consumer spending,” said Sam Bullard, senior economist at Wells Fargo. “There will come a point when businesses will need to expand to keep up with the pace of orders and sales.””

Read more:

http://www.marketwatch.com/story/jobless-recovery-is-now-the-job-led-recovery-2015-03-01?dist=beforebell

Here is the truth:

Job recovery of what jobs?

It is questionable if we have recovered the jobs lost prior to Obama taking office.

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

New entrants to the labor market, those turning 16, netted by deaths yields at least 9 million new workers.

The US Labor Dept. states that we have approx. 15.5 million more in the labor force since January 2009.

4.7 million migrants were given work permits and God only knows how many more illegals entered the country.

There was an increase of over 12 million not in the labor force since Obama took office.

This is one reason that millennials are having a tough time.

Of the jobs touted in the article above for last year, 1.3 million went to Hispanic/Latinos. Almost as much as White Americans.

And from the CEO of Gallup, Jim Clifton.

“The Big Lie: 5.6% Unemployment”

“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.

There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.”

Read more:

http://www.gallup.com/opinion/chairman/181469/big-lie-unemployment.aspx

For more details on the facts reported above, visit the Citizen Wells articles from the past several weeks.

 

 

 

Hispanics already getting 75 percent of jobs and Obama giving them more, History trumps IHS projections, White population millennials getting decimated, Citizen Wells reveals year by year of Obama American job killer

Hispanics already getting 75 percent of jobs and Obama giving them more, History trumps IHS projections, White population millennials getting decimated, Citizen Wells reveals year by year of Obama American job killer

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

I reported to you on February 11, 2015 that 75 percent of the increase in employment during Obama’s administration, that is from Jan. 2009 to the present, went to Hispanics.

https://citizenwells.wordpress.com/2015/02/11/75-percent-of-obama-jobs-added-go-to-hispanic-latinos-many-low-paying-part-time-jobs-bls-reveals-6-049-million-jobs-added-since-jan-2009-no-white-american-jobs-added-since-2006-obama-lies-why-amn/

Look it up!

On February 24, 2015 IHS reported that in the future Hispanics will get 75% of jobs.

I reported it.

“Hispanics Will Account for More Than 40 Percent of the Increase in U.S. Employment in the Next Five Years, IHS Study Says

Share of job growth will rise to more than 75 percent from 2020 to 2034″

“The Hispanic population will play an increasingly significant role in future U.S. employment growth, accounting for more than 40 percent of growth in the next five years and more than 75 percent between 2020 and 2034 – an increase of 11 million jobs out of an economy-wide gain of 14 million –according to a new study from IHS Inc. (NYSE: IHS), a leading global source of critical information and insight.”

https://citizenwells.wordpress.com/2015/02/27/ihs-study-75-percent-of-jobs-added-go-to-hispanics-by-2034-citizen-wells-news-flash-they-already-are-75-of-obama-jobs-added-went-to-hispanicslatinos/

Now that is an interesting projection.

What I reported earlier is history and much more powerful as information and as a condemnation of the Obama lies and agenda.

For example, the impact on millennials.

From Citizen Wells February 25, 2015.

“The problem with the percent of population employed is the increase of people over 16 in this country.

The US Labor Dept. states that we have approx. 15.5 million more since January 2009.

Those turning 16 each year netted by those dying adds approx. 1.5 million a year which totals 9 million since 2009.”

“But Obama has used his power over the immigration agencies to minimize enforcement of immigration laws. Since 2009, Obama’s senior deputies have repeatedly instructed his immigration agencies to reduce enforcement of immigration laws. For example, since 2009, his aides have given work-permits and temporary residency to 4.7 million migrants, including illegal immigrants, tourists, guest-workers and students.

That 4.7 million is in addition to the annual inflow of 1 million legal immigrants. Roughly 4 million American youths enter the workforce each year.”

“So, there you have it.

At least 9 million native born Americans being added to the labor force and immigrants taking native born American jobs.

There was an increase of over 12 million not in the labor force since Obama took office.

The youngest members of the workforce, 16 and above will be hit the hardest by immigrant workers.

And all of those jobs that Obama bragged about and Janet Yellen and others referred to….

Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000 were Hispanic/Latino!

We have barely, if at all,  recovered all of the jobs lost during the recession and 75% of the job growth went to Hispanic/Latinos!!”

https://citizenwells.wordpress.com/2015/02/25/janet-yellen-millenials-a-mystery-citizen-wells-schools-yellen-student-debt-and-jobs-influx-of-illegals-impacting-job-market-75-percent-of-obama-jobs-went-to-hispanics-latinos-high-unemployment-r/

The year by year breakdown of jobs added/lost during Obama’s tenure is even scarier.

Employment added/lost.

…………….White………..Hispanic

2009    2,812,000-         85,000-

2010        248,000        335,000

2011         111,000       1,476,000

2012        788,000        688,000

2013      1,211,000        772,000

2014      1,626,000     1,325,000

Hispanics are supposedly 16 percent of the population.

It is about to get worse.

From WND February 27, 2015.

“Obama, according to the Washington Times, “told a Miami crowd that he will move ahead with his executive action on immigration and vowed that his administration will become even more aggressive in the weeks and months to come.””

““In short,” Klayman told the court, “President Obama’s defiant pledge in Miami, Florida, on February 25, 2015, to move forward aggressively with implementation of his deferred action amnesty by executive over-reach …  more than suggests that the Obama administration is continuing to implement the executive action amnesty in defiance of the court’s temporary injunction.”

 

“The Obama administration’s action “to expend taxpayers money in violation of this court’s temporary injunction order would be another affront to the rule of law,” he wrote.

WND reported earlier this week that Obama’s amnesty plan took another step forward.

It came when the U.S. Citizenship and Immigration Services announced the extension of a program allowing spouses of certain visa holders to obtain work permits.

According to the Washington Times, the move will, in 90 days, allow some 180,000 immigrants to be eligible for the benefit “in the first year.””
Read more:

http://www.wnd.com/2015/02/sheriff-joe-warns-amnesty-judge-on-defiant-obama/

Wake up America!

 

 

 

IHS study 75 percent of jobs added go to Hispanics by 2034, Citizen Wells news flash, They already are!, 75% of Obama jobs added went to Hispanics/Latinos

IHS study 75 percent of jobs added go to Hispanics by 2034, Citizen Wells news flash, They already are!, 75% of Obama jobs added went to Hispanics/Latinos

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

I’ve got a news flash for IHS and Americans.

75 percent of Obama jobs, since he took office in January 2009, went to Hispanics and Latinos.

Straight from the US Labor Department.

This is one of the reasons millennials are hurting.

https://citizenwells.wordpress.com/2015/02/25/janet-yellen-millenials-a-mystery-citizen-wells-schools-yellen-student-debt-and-jobs-influx-of-illegals-impacting-job-market-75-percent-of-obama-jobs-went-to-hispanics-latinos-high-unemployment-r/

From IHS February 24, 2015.

“Hispanics Will Account for More Than 40 Percent of the Increase in U.S. Employment in the Next Five Years, IHS Study Says

Share of job growth will rise to more than 75 percent from 2020 to 2034″

“The Hispanic population will play an increasingly significant role in future U.S. employment growth, accounting for more than 40 percent of growth in the next five years and more than 75 percent between 2020 and 2034 – an increase of 11 million jobs out of an economy-wide gain of 14 million –according to a new study from IHS Inc. (NYSE: IHS), a leading global source of critical information and insight.

The IHS study, Hispanic Immigration and U.S. Economic Growth, projects that Hispanic employment growth will average 2.6 percent per year over the next 20 years. At the same time, growth of the non-Hispanic working age population will slow to near zero, and new non-Hispanic entrants to the labor force will barely offset retiring Baby Boomers. As a result, the Hispanic share of total U.S. employment will rise from 16 percent in 2014 to 23 percent in 2034.

Other key findings include:

  • Immigration will play a key role in future U.S. employment growth. By 2020, labor force growth is expected to slow to the point that the annual change in the labor force is roughly equal to the amount of net migration.
  • Despite a generally positive long-term economic outlook for Latin American countries, the U.N. projects continuing net outmigration from the 10 Latin American countries and Puerto Rico that are the primary countries of origin of the foreign-born U.S. Hispanic population.
  • According to U.S. Census Bureau assumptions about future Hispanic net international migration, the number of foreign born Hispanics will grow from 22 million in 2014 to over 29 million in 2034, and the foreign-born share of the Hispanic population will fall slowly over this period – from 39.7% to 34.8%.
  • The number of Hispanics that speak Spanish in the home will rise from 36.9 million in 2014 to 55.4 million in 2034.
  • Higher levels of immigration are conducive to stronger U.S. economic growth, and there are credible scenarios for higher levels of Hispanic immigration than assumed in the study’s baseline forecast.”

Read more:

http://press.ihs.com/press-release/economics-country-risk/hispanics-will-account-more-40-percent-increase-us-employment-n

 

 

Janet Yellen millennials a mystery, Citizen Wells schools Yellen, Student debt and jobs, Influx of illegals impacting job market, 75 percent of Obama jobs went to Hispanics Latinos, High unemployment rates for young Americans

Janet Yellen millennials a mystery, Citizen Wells schools Yellen, Student debt and jobs, Influx of illegals impacting job market, 75 percent of Obama jobs went to Hispanics Latinos, High unemployment rates for young Americans

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Janet Yellen testified before congress today, February 24, 2015.

“Current Economic Situation and Outlook

Since my appearance before this Committee last July, the employment situation in the United States has been improving along many dimensions. The unemployment rate now stands at 5.7 percent, down from just over 6 percent last summer and from 10 percent at its peak in late 2009. The average pace of monthly job gains picked up from about 240,000 per month during the first half of last year to 280,000 per month during the second half, and employment rose 260,000 in January. In addition, long-term unemployment has declined substantially, fewer workers are reporting that they can find only part-time work when they would prefer full-time employment, and the pace of quits–often regarded as a barometer of worker confidence in labor market opportunities–has recovered nearly to its pre-recession level. However, the labor force participation rate is lower than most estimates of its trend, and wage growth remains sluggish, suggesting that some cyclical weakness persists. In short, considerable progress has been achieved in the recovery of the labor market, though room for further improvement remains.

At the same time that the labor market situation has improved, domestic spending and production have been increasing at a solid rate. Real gross domestic product (GDP) is now estimated to have increased at a 3-3/4 percent annual rate during the second half of last year. While GDP growth is not anticipated to be sustained at that pace, it is expected to be strong enough to result in a further gradual decline in the unemployment rate. Consumer spending has been lifted by the improvement in the labor market as well as by the increase in household purchasing power resulting from the sharp drop in oil prices. However, housing construction continues to lag; activity remains well below levels we judge could be supported in the longer run by population growth and the likely rate of household formation.”

http://www.federalreserve.gov/newsevents/testimony/yellen20150224a.htm

From CNN February 24, 2015.

“Janet Yellen: Millennials are a mystery”

“Millennials are a bit of a mystery to Janet Yellen.

The head of the U.S. Federal Reserve said Tuesday that the behavior of millennials — which typically refers to a generation of people born in the 80s and 90s — has top economists scratching their heads.

“I think we’re just beginning to understand how the millennials are behaving,” Yellen said before the Senate Banking Committee. “They’re certainly waiting longer to buy houses; to get married. They have a lot of student debt. They seem quite worried about housing as an investment. They’ve had a tough time in the job market.”

As the economy continues to gain strength, Yellen said she expects more millennials to buy homes and start families. “But,” she quipped, “we’ve yet to really see how this is going to affect that generation.””

Read more:

http://www.cnn.com/2015/02/24/politics/janet-yellen-capitol-hill-preview/index.html?iid=EL

“top economists scratching their heads.”

Janet Yellen apparently does not have a firm grasp of the impact of the economy on millennials.

Chief economist at Goldman Sachs, Jan Hatzius must not either.

Several weeks ago I corrected his statement about baby boomers impacting the drop in the percent of the population employed.

https://citizenwells.wordpress.com/2015/02/08/economist-jan-hatzius-baby-boomer-impact-debate-with-citizen-wells-drop-in-percent-of-population-working-email-debate-both-agree-not-enough-jobs-2-percent-allegation-in-cnbc-interview/

The problem with the percent of population employed is the increase of people over 16 in this country.

The US Labor Dept. states that we have approx. 15.5 million more since January 2009.

Those turning 16 each year netted by those dying adds approx. 1.5 million a year which totals 9 million since 2009.

From The Daily Caller February 23, 2015.

“But Obama has used his power over the immigration agencies to minimize enforcement of immigration laws. Since 2009, Obama’s senior deputies have repeatedly instructed his immigration agencies to reduce enforcement of immigration laws. For example, since 2009, his aides have given work-permits and temporary residency to 4.7 million migrants, including illegal immigrants, tourists, guest-workers and students.

That 4.7 million is in addition to the annual inflow of 1 million legal immigrants. Roughly 4 million American youths enter the workforce each year.”

Read more:

http://dailycaller.com/2015/02/23/federal-judge-new-illegal-immigrants-must-be-released/

So, there you have it.

At least 9 million native born Americans being added to the labor force and immigrants taking native born American jobs.

There was an increase of over 12 million not in the labor force since Obama took office.

The youngest members of the workforce, 16 and above will be hit the hardest by immigrant workers.

And all of those jobs that Obama bragged about and Janet Yellen and others referred to….

Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000 were Hispanic/Latino!

We have barely, if at all,  recovered all of the jobs lost during the recession and 75% of the job growth went to Hispanic/Latinos!!

There were approx. 1.8 more people employed in the last 6 months. 50 percent of those, approx. 900,000, were Hispanic/Latino.

From CNS News February 17, 2015.

“Census Bureau: 30.3% Millennials Still Living With Their Parents”

Read more:

http://www.cnsnews.com/news/article/ali-meyer/census-bureau-303-millennials-still-living-their-parents

From the Economic Policy Institute May 1, 2014.

“This paper’s title, The Class of 2014, is admittedly something of a misnomer, as we do not yet know the labor market outcomes of these soon-to-be graduates. However, the outcomes of recent high school and college graduates provide a good sense of the labor market conditions the young men and women graduating this spring will face. This briefing paper examines the labor market that confronts young graduates who are not enrolled in further schooling—specifically, high school graduates age 17–20 and college graduates age 21–24. We look at young graduates who are not enrolled in further schooling in an attempt to focus as closely as possible on the labor market outcomes of those who are starting their careers. ”

“Key findings include:”

  • “In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.
  • Unemployment and underemployment rates among young graduates are improving but remain substantially higher than before the recession began.
    • For young college graduates, the unemployment rate is currently 8.5 percent (compared with 5.5 percent in 2007), and the underemployment rate is 16.8 percent (compared with 9.6 percent in 2007).
    • For young high school graduates, the unemployment rate is 22.9 percent (compared with 15.9 percent in 2007), and the underemployment rate is 41.5 percent (compared with 26.8 percent in 2007).
  • Overall unemployment rates of young graduates mask substantial disparities in unemployment by race and ethnicity. The unemployment rates of blacks and Hispanics are substantially higher than the unemployment rates of white non-Hispanics, for both young high school graduates and young college graduates.
  • The large increases since 2007 in the unemployment and underemployment rates of young college graduates, and in the share of employed young college graduates working in jobs that do not require a college degree, underscore that the current unemployment crisis among young workers did not arise because today’s young adults lack the right education or skills. Rather, it stems from weak demand for goods and services, which makes it unnecessary for employers to significantly ramp up hiring.
  • The long-run wage trends for young graduates are bleak, with wages substantially lower today than in 2000. Since 2000, the real (inflation-adjusted) wages of young high school graduates have dropped 10.8 percent, and those of young college graduates have dropped 7.7 percent.
  • The erosion of job quality for young graduates is also evident in their declining likelihood of receiving employer-provided health insurance or pensions.
  • Graduating in a bad economy has long-lasting economic consequences. For the next 10 to 15 years, those in the Class of 2014 will likely earn less than if they had graduated when job opportunities were plentiful.”

Read more:

http://www.epi.org/publication/class-of-2014/

 From Market Watch February 18, 2015.

“High student debt equals fewer home buyers”

“Going to college usually leads to better jobs and better pay, but it’s also left many people dangerously in debt and unable to buy a house years after they leave school.

A pair of reports in the past two days illustrate the point. The percentage of student loans at least 90 days overdue rose to 11.3% from 11.1% in the final three months of 2014, the New York Federal Reserve said Tuesday.

While delinquencies have fallen from a record 11.8% in 2013, they are still almost twice as high as they were 10 years earlier.

Then on Wednesday the government reported that construction of new homes fell slightly to a 1.06 million annual pace in January. While sales have been rising gradually, they still aren’t increasing nearly as fast as expected almost six years into an recovery. And the percentage of buyers purchasing their first home is still unusually low.

In a fully functioning economy, housing starts should be running around 1.4 million to 1.8 million a year, analysts estimate.

Clearly the weight of student loans is too heavy for many young people to buy a single-family home. Many can’t qualify for a loan in an era of tougher lending standards or afford the monthly cost of a mortgage.”

Read more:

http://www.marketwatch.com/story/high-student-debt-equals-fewer-home-buyers-2015-02-18

Janet Yellen, which part of the millennial reality do you not understand???

 

 

 

 

 

 

Citizenfour wins Oscar, Edward Snowden documentary, Laura Poitras film about NSA spying revelations receives Academy award for non fiction films, Citizen four Snowden pseudonym

Citizenfour wins Oscar, Edward Snowden documentary, Laura Poitras film about NSA spying revelations receives Academy award for non fiction films, Citizen four Snowden pseudonym

“His earlier thought returned to him: probably she was not actually a member of the Thought Police, but then it was precisely the amateur spy who was the greatest danger of all. He did not know how long she had been looking at him, but perhaps for as much as five minutes, and it was possible that his features had not been perfectly under control. It was terribly dangerous to let your thoughts wander when you were in any public place or within range of a telescreen. The smallest thing could give you away. A nervous tic, an unconscious look of anxiety, a habit of muttering to yourself — anything that carried with it the suggestion of abnormality, of having something to hide. In any case, to wear an improper expression on your face (to look incredulous when a victory was announced, for example) was itself a punishable offence. There was even a word for it in Newspeak: facecrime, it was called.”…George Orwell “1984″

“A Party member lives from birth to death under the eye of the Thought Police. Even when he is alone he can never be sure that he is alone. Wherever he may be, asleep or awake, working or resting, in his bath or in bed, he can be inspected without warning and without knowing that he is being inspected. Nothing that he does is indifferent.”…George Orwell, “1984″

“The US government is not going to be able to cover this up by jailing or murdering me,”…Edward Snowden

 

Edward Snowden and I have several things in common.

I hope that we have the opportunity to converse.

From the Guardian February 23, 2015.

“Edward Snowden documentary Citizenfour wins Oscar
Laura Poitras’ film about Edward Snowden and the NSA spying revelations carries off Academy award for non-fiction films”

Citizenfour has won the Oscar for best documentary, for its director Laura Poitras, editor Mathilde Bonnefoy and producer Dirk Wilutzky.

Collecting the award, Poitras, flanked by journalist and collaborator Glenn Greenwald, said: “The disclosures of Edward Snowden don’t only expose a threat to our privacy but to our democracy itself. When the decisions that rule us are taken in secret we lose the power to control and govern ourselves.” Poitras thanked Edward Snowden for his “sacrifices”, and added: “I share this award with Glenn Greenwald and the many other journalists who are taking risks to expose the truth.”

“When Laura Poitras asked me if she could film our encounters, I was extremely reluctant. I’m grateful that I allowed her to persuade me. The result is a brave and brilliant film that deserves the honour and recognition it has received. My hope is that this award will encourage more people to see the film and be inspired by its message that ordinary citizens, working together, can change the world.”

Guardian defence correspondent (and Citizenfour star) Ewen MacAskill said:

“Congratulations to Laura Poitras. When she filmed Snowden, Glenn Greenwald and myself in Hong Kong, it never occurred to me she had something as ambitious as CitizenFour in mind.

I did not even give much thought to why she was filming: just assumed she wanted a record of events for some undisclosed reason, maybe a low-budget film to be used by privacy campaigners. It came as a surprise when I finally saw it, the sheer professionalism of it, and I had no doubt from that point she would win an Oscar.

Good news for Laura. Good news too for Snowden: he can treat the Oscar as one of his biggest endorsements yet.”

Citizenfour chronicles the revelations by former NSA contractor Edward Snowden that burgeoned into the wider NSA spying scandal. The Guardian and theWashington Post simultaneously began publishing Snowden’s leaked information in June 2013, with both publications winning a Pulitzer prize in 2014 for Public Service journalism. The film’s title derives from the pseudonym Snowden used when he first anonymously contacted Poitras.”

Read more:

http://www.theguardian.com/film/2015/feb/23/edward-snowden-documentary-citizenfour-wins-oscar