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Cost for Doing God’s Work Declines from $13.2 Million to $9 Million

Associated Press — Sat, 04 Feb 2012 14:07:56 +0000

Inquiring minds note a stunning drop in the price for doing God’s Work. Last year Goldman Sachs CEO Lloyd Blankfein received a salary of a $600,000 as well as a stock bonus worth $12.6 million....

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Greek Leaders (All 3 Coalition Parties) Oppose New Austerity Measures; Words of the Day: "Hardball", Followed by "Meeting Cancelled" and the Always Popular "Meeting May be Scheduled Later in the Week"

Associated Press — Sat, 04 Feb 2012 06:07:33 +0000

Shortly after Dutch finance minister, said “We want no further delays” came news of further delays. The reason: Greek political parties all refuse to go along with more austerity...

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Nonfarm Payroll +243,000 ; Unemployment Rate 8.3%; Those Not in Labor Force Rose an Amazing 1,177,000

Associated Press — Fri, 03 Feb 2012 22:06:57 +0000

Quick Notes About the “Falling” Unemployment Rate In the last year, the civilian population rose by 3,565,000. Yet the labor force only rose by 1,145,000. Those not in the labor force...

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Nonfarm Payroll +243,000 ; Unemployment Rate 8.3%; Those Not in Labor Force Rose an Amazing 1,177,000

Associated Press — Fri, 03 Feb 2012 22:06:57 +0000

Providence Rhode Island Faces "Bankruptcy by June" says Mayor; Pension Plan 32% Funded (and About to Get Worse)

Associated Press — Fri, 03 Feb 2012 22:06:56 +0000

Untenable pension promises made by corrupt politicians to corrupt unions in an unholy alliance is about to sink another city. Please consider Providence is facing bankruptcy Rhode Island’s...

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Providence Rhode Island Faces "Bankruptcy by June" says Mayor; Pension Plan 32% Funded (and About to Get Worse)

Associated Press — Fri, 03 Feb 2012 22:06:56 +0000

The January Jobs Report

Associated Press — Fri, 03 Feb 2012 22:06:55 +0000

Today’s BLS jobs-report indicates the economy added 243 thousand jobs in January, which was about 90 thousand jobs above the consensus forecast of 155 thousand. Our forecast was 150,000. This gain...

The World Net offers only the best information on the world economy.

The January Jobs Report

Associated Press — Fri, 03 Feb 2012 22:06:55 +0000

Overstating the Decline in Wage Share

Associated Press — Fri, 03 Feb 2012 14:05:39 +0000

An NYT Economix blognote overstated the effective decline in the labor share of national income over the last three decades by using gross national income rather than net national income. The note...

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The Post Hopes for Job Loss in San Francisco May be Disappointed

Associated Press — Fri, 03 Feb 2012 14:05:38 +0000

A Washington Post editorial on indexing the minimum wage told readers: “at the margins, minimum-wage increases probably destroy jobs in small restaurants, landscaping and janitorial...

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