|
|
| |
Topic: Keep U.S. rates low until jobless
rate normalizes: Fed´s Kocherlakota |
Keep U.S. rates low until jobless
rate normalizes: Fed´s Kocherlakota
Reuters, by Ann Saphir
|
|
Original Article
|
|
Posted By:LittleHoodedMonk, 1/15/2013 12:40:28 PM
|
| Minneapolis - The U.S. central bank should keep interest rates low until the jobless rate is a more "normal" 5.5 percent, a top Federal Reserve official said on Tuesday, in one of the strongest calls yet from a Fed policymaker for more monetary easing. "I do think that it´s important for the public to know that the Fed is going to stay in an accommodative stance until the economy is much closer to being what one might consider normal," Minneapolis Federal Reserve Bank President Narayana Kocherlakota told reporters. "And I think 6.5 percent unemployment, I think that would still be too high to be
|
Comments:
If you are stupid, this news is good for you...but, still bad for our economy. Remember if you can, after 9-11, two wars being fought and for this President Bush was repeatedly attacked daily by LSM [dRATS] for a unemployment rate of 4.7. At 8.0+, whatever true number is hidden from US, now, 6.5 is high and 5.5 is looked as the new norm. Even a socialist state can´t sustain that. Are you listening & preparing for future elections Tea Party?
|
 
Reply 1 - Posted by:
Pearson365, 1/15/2013 1:10:06 PM (No. 9117918)
There is a major disconnect here. While the Fed is working to normalize employment, Obama and Democrats are working feverishly to retard economic growth and hiring. Moody´s senior economist and a major Obama apologist, Mark Zandi, says that the recent fiscal cliff deal will eliminate 600,000 jobs and reduce an already anemic 2.0% annual economic growth rate by full percentage point. Can someone have our economically illiterate president who enjoys parties meet with Fed officials before we borrow billions more for those WH parties?
|
Reply 2 - Posted by:
veritas, 1/15/2013 1:19:48 PM (No. 9117941)
The goalposts aren´t just on wheels, they have rocket boosters, too.
A "normal jobless rate" means what? 5%-6% of the now much-smaller part of the population looking for work? Or the previous, real workforce size, which is many millions larger, and will therefore require many millions more jobs to hit a real, 4-to-5-ish percent healthy rate?
|
| |
|
Reply 3 - Posted by:
BaseballFan, 1/15/2013 1:23:47 PM (No. 9117952)
Part of Obama´s "new normal" includes ever-changing goals.
The only thing that will never change is that Obama policies are always a success, even when they are not, because that´s always someone else´s fault.
|
Reply 4 - Posted by:
NorthernDog, 1/15/2013 2:04:09 PM (No. 9118043)
I think they actually want to keep unemployment high. That means more people dependent on the government and more willing to surrender their freedoms.
Also, more people working will probably ignite both inflation and interest rates, which will enrage the general public.
|
Reply 5 - Posted by:
snapper451, 1/15/2013 3:42:35 PM (No. 9118262)
Can we get a countdown clock until January 21, 2017 please? I can´t wait until he is sworn in so we can start counting the days until he is out.
|
Reply 6 - Posted by:
vesicant, 1/15/2013 5:08:21 PM (No. 9118484)
There is no causal connection between interest rates and employment. None at all. How can the Fed not know this?
BTW, this maroon voted in 2011 *against* keeping interest rates low. He probably found a horse head in his bed after that....
http://www.nytimes.com/2011/08/10/business/economy/fed-to-hold-rates-exceptionally-low-through-mid-2013.html?pagewanted=2&_r=0
|
Below, you will find ...
Most Recent Articles posted by "LittleHoodedMonk"
and
Most Active Articles (last 48 hours)
|
Most Recent Articles posted by "LittleHoodedMonk"
|
House committee takes
up tough immigration bill
|
|
Associated Press, by Erica Werner
Original Article
|
|
Posted By: LittleHoodedMonk- 6/18/2013 11:43:13 AM
Post Reply
|
|
Washington - A key committee in the Republican-led House has taken up a tough enforcement-focused immigration bill, but the proceedings were immediately interrupted by protesters shouting "Shame, shame!" More than a dozen protesters began chanting as soon as Judiciary Committee Chairman Bob Goodlatte of Virginia gaveled the committee hearing open Tuesday. Goodlatte stopped the proceedings until the protesters were ushered into the hall, where their shouts could still be heard. Goodlatte said the bill under consideration, which empowers local law enforcement to enforce federal immigration
|
NASA´s new astronauts: Will these
men and women fly to Mars?
|
|
Los Angeles Times, by Karen Kaplan
Original Article
|
|
Posted By: LittleHoodedMonk- 6/17/2013 11:03:39 PM
Post Reply
|
|
It’s been two years since NASA’s space shuttle program came to an end, but thousands of Americans still dream of becoming astronauts. Eight of them – four men and four women – were introduced Monday as NASA’s astronaut candidate class for 2013. (Snip) The bios of the eight people selected will probably make you feel like a bit of a slacker. Two of them have PhDs and one is a physician training in sports medicine. Four have experience as test pilots for the Navy or Air Force. One person is working at the Pentagon on ways to defeat the homemade bombs that have plagued troops in Iraq and
|
G.O.P. Pushes New Abortion
Limits to Appease Vocal Base
|
|
New York Times, by Jeremy W. Peters
Original Article
|
|
Posted By: LittleHoodedMonk- 6/17/2013 10:44:27 PM
Post Reply
|
|
Washington - After Republicans lost the presidential election and seats in both the House and the Senate last year, many in the party offered a stern admonishment: If we want to broaden our appeal, steer clear of divisive social and cultural issues. Yet after the high-profile murder trial of an abortion doctor in Philadelphia this spring, many Republicans in Washington and in state capitals across the country seem eager to reopen the emotional fight over a woman’s right to end a pregnancy. (Snip) The bill stands no chance of becoming law, with Democrats in control of the Senate and the White House.
|
President-Elect of Iran Talks
of Easing Tensions With U.S.
|
|
New York Times, by Thomas Erdbrink
Original Article
|
|
Posted By: LittleHoodedMonk- 6/17/2013 10:32:20 PM
Post Reply
|
|
Tehran - President-elect Hassan Rowhani of Iran, speaking Monday for the first time since his election victory, said he wanted to reduce tensions with the United States but ruled out direct talks between the two estranged nations. In his first news conference after winning Friday’s presidential election promising more freedoms and better relations with the outside world, Mr. Rowhani called the issue of nonexistent relations between Iran and the United States “an old wound, which must be healed.” Iran, he said, wants to reduce tensions between the two countries, which have no diplomatic relations and are
|
Supreme Court Lets Regulators
Sue Over Generic Drug Deals
|
|
New York Times, by Edward Wyatt
Original Article
|
|
Posted By: LittleHoodedMonk- 6/17/2013 10:19:18 PM
Post Reply
|
|
Washington - Pharmaceutical companies that pay rivals to keep less-expensive generic versions of best-selling drugs off the market can expect greater federal scrutiny after a Supreme Court ruling on Monday. In a 5-to-3 vote, the justices effectively said that the Federal Trade Commission can sue pharmaceutical companies for potential antitrust violations, a decision that is likely to increase the number of generic drugs in the marketplace and benefit consumers. Specifically, the justices threw out lower-court rulings that said the agreements were legal, provided that a deal did not keep a generic
|
| |
|
Obama Meets Putin Amid
G-8 Tension Over Syria
|
|
Bloomberg News, by Mike Dorning & Ilya Arkhipov
Original Article
|
|
Posted By: LittleHoodedMonk- 6/17/2013 10:08:25 PM
Post Reply
|
|
President Barack Obama and his Russian counterpart, Vladimir Putin, put their escalating differences over Syria on display even as they agreed to urge both sides in the civil war there to the negotiating table. (Snip) “We do have differing perspectives,” Obama said, while adding that “we share an interest in reducing the violence.” Some Western leaders publicly rebuked Putin for his support of Syrian President Bashar al-Assad as the Group of Eight summit of industrial nations began. Obama and Putin focused on areas of agreement in remarks after the talks, their first one-on-one meeting
|
Snowden rejects suggestions
he is a spy for China
|
|
Reuters, by Laura MacInnis & John Whitesides
Original Article
|
|
Posted By: LittleHoodedMonk- 6/17/2013 9:53:03 PM
Post Reply
|
|
Washington - Edward Snowden, the former National Security Agency contractor who exposed the U.S. government´s top-secret surveillance programs, fought back against his critics on Monday and denied allegations that he was a spy for China. Snowden told an online forum run by Britain´s Guardian newspaper that he revealed the programs in part out of disappointment with President Barack Obama, who he said had expanded "abusive" government programs while in office. (Snip) "I have had no contact with the Chinese government," said Snowden, who has vowed to stay in the Chinese-run former
|
Most Active Articles (last 48 hours)
|
Edward Snowden Is In The
Process Of Destroying Any Support
And Sympathy He Has Built Up
|
|
Business Insider, by Brett LoGiurato
Original Article
|
|
Posted By: StormCnter- 6/18/2013 5:34:23 AM
Post Reply
|
|
Amid a steady rise of backlash, Edward Snowden, the 29-year-old former National Security Agency contractor who was the source of a spring of leaks about the agency´s surveillance methods, conducted a live chat on The Guardian´s website Monday morning. Judging from some of the pointed questions he´s been asked and the reaction to newly leaked revelations over the past few days, it´s clear that much of the sympathy and support Snowden had built up for his early exposures is eroding. Many Americans supported his decision to leak information about a pair of National Security Agency surveillance programs, which, he detailed, gathered information
|
Barbara Walters Defends Maher
Calling Trig Palin Retarded:
‘I Don´t Think He Intended
it to be Mean-Spirited’
|
|
Newsbusters, by John Nolte
Original Article
|
|
Posted By: JoniTx- 6/17/2013 5:19:02 PM
Post Reply
|
|
As NewsBusters reported last week, former Alaska Governor Sarah Palin called out vulgarian comedian Bill Maher for referring to her Down Syndrome son Trig as "retarded." On ABC´s The View Monday, co-host Barbara Walters astonishingly defended Maher saying, "I don´t think he intended it to be mean-spirited" (video follows with transcript and commentary): WHOOPI GOLDBERG: At a recent standup show in Las Vegas, comedian Bill Maher apparently called Sarah Palin’s five-year-old developmentally-challenged son Trig retarded. And Sarah blasted him on Twitter as a bully. Is that, is it, is he a bully? Is he a bad, what is he?
|
Who is he? Obama keeps allies,
enemies guessing in second term
|
|
The Hill, by Justin Sink
Original Article
|
|
Posted By: ketchuplover- 6/17/2013 6:31:12 AM
Post Reply
|
|
Five months into his second term, allies and enemies are as confounded as ever about who President Obama really is. Is he the dyed-in-the-wool liberal that his biggest supporters and critics suggest? Or is he a pragmatic, even cynical, politician who cares more for his popularity than taking risks for his ideological goals or living up to his rhetoric? Even in the short period since his reelection, Obama has provided evidence to support conflicting interpretations. His efforts to pass immigration reform, the unsuccessful push for stricter gun controls and tax hikes on high earners buttress the case for Obama-as-ideologue.
|
| |
|
Jeb Bush labels conservative
critics ‘the chirpers’
|
|
Washington Post, by Aaron Blake
Original Article
|
|
Posted By: KarenJ1- 6/17/2013 1:22:30 PM
Post Reply
|
|
Jeb Bush says he’s not worried that his work toward comprehensive immigration reform and his ties to the GOP establishment will alienate conservatives and negatively impact a potential 2016 presidential campaign, referring to critics as “the chirpers.” “If I decide to run for office again, it will be based on what I believe, and it will be based on my record,” the former Florida governor said in an interview with the Christian Broadcasting Network’s David Brody. “And that record was one of solving problems completely from a conservative prospective.” Bush (R) pointed to his conservative
|
Rubio Aide: ‘There Are American
Workers Who, For Lack of a
Better Term, Can’t Cut It’
|
|
National Review Online, by Rich Lowry
Original Article
|
|
Posted By: trapper- 6/16/2013 11:18:45 PM
Post Reply
|
|
Politico’s Playbook has an excerpt from a new Ryan Lizza piece from the New Yorker that is not yet online. It contains a passage on the back-and-forth between labor and the Chamber that has a quote from a Rubio staffer that is going to raise eyebrows, to say the least: “There are American workers who, for lack of a better term, can’t cut it. There shouldn’t be a presumption that every American worker is a star performer. There are people who just can’t get it, can’t do it, don’t want to do it. And so you can’t obviously discuss that publicly.” Here is the entire context:
|
Iran to send 4,000 troops to
support President Assad in
Syria as British Armed Forces
play war games on border
|
|
Daily Mail [UK], by Suzannah Hills
Original Article
|
|
Posted By: Attercliffe- 6/16/2013 11:08:12 PM
Post Reply
|
|
Iran is preparing to send 4,000 troops in to Syria to support Syrian President Bashar al-Assad in the wake of America´s announcement it will be providing ´military aid´ to the country´s Muslim rebels. President Barack Obama made the pledge earlier this week after the U.S. claimed it found ´conclusive evidence´ Assad´s regime has used chemical weapons against the rebel forces--which includes the most extreme Sunni Islamists--and has called for Britain and France to back the move. While Britain hasn´t made a guarantee either way as yet, more than 350 Royal Marines are being sent to Jordan
|
Marco Rubio doesn´t
know if ´he´s getting
played´ by Democrats
|
|
Washington Examiner, by Charlie Spiering
Original Article
|
|
Posted By: Fiesta del sol- 6/17/2013 6:42:44 AM
Post Reply
|
|
Is Marco Rubio, R-Fla., getting played by Sen. Chuck Schumer, D-N.Y.? During his interview with ABC’s Jonathan Karl this morning, Rubio didn’t even seem to understand what that meant. “Are you being played by the Democrats?” asked Karl. “Is Chuck Schumer playing you?” “I don’t — I quite frankly, I don’t even know what that means,” Rubio replied. “Is he using you?” Karl continued. “Is he using you to try to accomplish something that the Democrats want and is not — not a conservative bill?” Rubio responded that immigration reform was a bi-partisan issue that “all Americans
|
| | |
|
|
