Don't click or your IP will be banned


Hittin' The Web with the Allman Brothers Band Forum
You are not logged in

< Last Thread   Next Thread ><<  1    2  >>Ascending sortDescending sorting  
Author: Subject: Jobless claims highest in 8 months

Sublime Peach





Posts: 7168
(7166 all sites)
Registered: 4/7/2002
Status: Offline

  posted on 8/20/2010 at 07:59 AM
Nothing to see here. Go back to your Snooki blogs, Lindsay Lohan rehab updates, and talk about a Mosque in NYC.

http://www.bloomberg.com/news/2010-08-19/jobless-claims-in-u-s-rose-to-500- 000-highest-since-november.html

Jobless Claims in U.S. Rose to Highest Since November
By Bob Willis and Courtney Schlisserman - Aug 19, 2010 4:09 PM ET

David Sowerby, portfolio manager at Loomis Sayles, talks with Bloomberg's Julie Hyman about the outlook for stocks and bonds, Intel Corp.'s agreement to purchase McAfee Inc. and Loomis Sayles's holding of Interval Leisure Group Inc. McAfee investors will receive $48 a share in cash, Santa Clara, California-based Intel, the world’s largest chipmaker, said in a statement today. That’s 60 percent more than McAfee’s closing price yesterday. Both boards have unanimously approved the deal, Intel said.

Applications for unemployment benefits in the U.S. unexpectedly increased last week to the highest level since November, showing companies are stepping up the pace of firings as the economy slows. Bloomberg's Michael McKee reports. Claims for U.S. jobless benefits jumped to the highest level since November and Philadelphia-area manufacturing shrank for the first time in a year, indicating the economy may be slowing faster than forecast.

The number of unemployment claims unexpectedly shot up by 12,000 to 500,000 in the week ended Aug. 14, Labor Department figures showed today in Washington. The Federal Reserve Bank of Philadelphia’s general economic index turned negative in August, signaling contraction.

“There’s a red flag being waved right now that says ‘Danger,’” said Mark Vitner, a senior economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “Growth is going to slow in the second half and we might face something a little more ominous than that.”

Stocks dropped, led by declines in the largest U.S. companies including 3M Co., General Electric Co. and Boeing Co. that would be hurt by a slowdown in the recovery from the worst recession since the 1930s. A lack of jobs raises the risk that consumer spending will weaken further, just as manufacturing, which led the rebound, shows signs of stumbling.

The Standard & Poor’s 500 Index fell 1.7 percent to 1,075.63 at the 4 p.m. close in New York. Treasury securities climbed, sending the yield on the benchmark 10-year note down to 2.57 percent at 4:07 p.m. from 2.63 percent late yesterday.

Unexpected Increase

Claims exceeded estimates of all 42 economists surveyed by Bloomberg News and compared with the median forecast of 478,000. Estimates ranged from 460,000 to 495,000. The government revised the prior week’s claims figure to 488,000 from a previously reported 484,000.

Another report showed the index of leading indicators increased 0.1 percent in July after dropping 0.3 percent the prior month. The New York-based Conference Board’s gauge, which measures the economic prospects over the next three to six months, has shown a see-saw pattern over the past four months that indicates slower growth through the end of the year.

Today’s reports may feed voter discontent with the state of the economy heading into the November elections that will determine which party controls congress. President Barack Obama today said the jump in unemployment claims shows the urgent need for congressional action on legislation to cut taxes and ease credit for small businesses. Obama once again called on Republicans to stop blocking the measure and said lawmakers should take up the bill when they reconvene in September.

 

____________________
"If everyone demanded peace instead of another television set, then there'd be peace."

- John Lennon

 
Replies:

Zen Peach



Karma:
Posts: 46751
(46752 all sites)
Registered: 7/8/2004
Status: Offline

  posted on 8/20/2010 at 10:18 AM
quote:
Nothing to see here. Go back to your Snooki blogs, Lindsay Lohan rehab updates, and talk about a Mosque in NYC.



Hey now. I read this article in the paper this morning. I can keep up on the news and keep up on Lindsay's plight. Multitasking.

 

____________________
"Live every week like it's Shark Week." - Tracy Jordan

 

Maximum Peach



Karma:
Posts: 9082
(9082 all sites)
Registered: 2/25/2003
Status: Offline

  posted on 8/20/2010 at 10:25 AM
quote:
Hey now. I read this article in the paper this morning. I can keep up on the news and keep up on Lindsay's plight. Multitasking.


Dude, you can take down the Free Lindsay poster; she is free…well sort of, she is completing treatment, of what, I have no idea. Incidentally, last night’s Jersey Shore episode was just about some of the finest TV ever. The Situation is hot.....oops, did I just write that?

 

Zen Peach



Karma:
Posts: 46751
(46752 all sites)
Registered: 7/8/2004
Status: Offline

  posted on 8/20/2010 at 10:30 AM
quote:
quote:
Hey now. I read this article in the paper this morning. I can keep up on the news and keep up on Lindsay's plight. Multitasking.


Dude, you can take down the Free Lindsay poster; she is free…well sort of, she is completing treatment, of what, I have no idea. Incidentally, last night’s Jersey Shore episode was just about some of the finest TV ever. The Situation is hot.....oops, did I just write that?


She is not free until she is free. Still in court-ordered rehab.

Y'know, I've never seen Jersey Shore.

 

____________________
"Live every week like it's Shark Week." - Tracy Jordan

 

Zen Peach



Karma:
Posts: 23381
(23380 all sites)
Registered: 12/27/2005
Status: Offline

  posted on 8/20/2010 at 10:50 AM
quote:
quote:
quote:
Hey now. I read this article in the paper this morning. I can keep up on the news and keep up on Lindsay's plight. Multitasking.


Dude, you can take down the Free Lindsay poster; she is free…well sort of, she is completing treatment, of what, I have no idea. Incidentally, last night’s Jersey Shore episode was just about some of the finest TV ever. The Situation is hot.....oops, did I just write that?


She is not free until she is free. Still in court-ordered rehab.

Y'know, I've never seen Jersey Shore.


Ohhhh, jail. I was mistaken. I thought she lowered her price.

 

____________________
Quit!

 

Maximum Peach



Karma:
Posts: 9082
(9082 all sites)
Registered: 2/25/2003
Status: Offline

  posted on 8/20/2010 at 10:55 AM
quote:
Y'know, I've never seen Jersey Shore.


Oh, you have to. You will be dumber for it, but it is soooooo good...ya know, if you like seeing the degeneration of America. It is on Thursday nights at 10pm eastern on MTV, but I am sure they repeat it constantly. I don't know why we all bust our humps when we can be total morons and get paid handsomely.

 

Zen Peach



Karma:
Posts: 15832
(15866 all sites)
Registered: 8/9/2002
Status: Offline

  posted on 8/20/2010 at 11:07 AM
I doubt we need to see any more unemployment figures to know what the deal is. I think the powers that be know the same thing we know...that the economy is not going to stop collapsing until it is a shambles, and we have to start all over again. I like this quote from a Wells Fargo exec:

“Growth is going to slow in the second half and we might face something a little more ominous than that.”

Good grief. I knew that a year ago, and I'm just an unemployed manual laborer. I've already seen ominous. But I am looking forward to seeing guys like this standing by the side of the road with signs that say "anything helps." Everyone isn't participating in the economic collapse of America. We need to all get on board if we are going to do this right.

 

____________________


 

Universal Peach



Karma:
Posts: 5768
(6034 all sites)
Registered: 2/5/2002
Status: Offline

  posted on 8/20/2010 at 11:07 AM
and getting worse. thanks obama for more of your ignorance.

 

____________________
Lovin my Duane Allman music....everyday jamin' for Duane.

 
E-Mail User

Zen Peach



Karma:
Posts: 15832
(15866 all sites)
Registered: 8/9/2002
Status: Offline

  posted on 8/20/2010 at 11:11 AM
quote:
and getting worse. thanks obama for more of your ignorance.


Speaking of ignorance, does anyone else here think all this started when Obama was inaugurated?

 

____________________


 

Zen Peach



Karma:
Posts: 16027
(16019 all sites)
Registered: 10/13/2007
Status: Offline

  posted on 8/20/2010 at 11:21 AM
One president drives the economy into a ditch. Another one comes along and drives it off a cliff.

 

____________________

 

Maximum Peach



Karma:
Posts: 9082
(9082 all sites)
Registered: 2/25/2003
Status: Offline

  posted on 8/20/2010 at 11:24 AM
quote:
Speaking of ignorance, does anyone else here think all this started when Obama was inaugurated?


No, but to use Obama's analogy of the car stuck in the ditch, I would say they might be stepping on the gas and the car keeps sinking deeper into the mud.

To your point in the previous post though, I don’t think they will ever let it collapse into shambles. Sometimes I think they should, but they won’t. Sometimes I think it might be good if we were all in the crapper, we might have a shared goal to make things better. Now its just picking and choosing what they want to save, or what they deem is too big to fail.

 

Zen Peach



Karma:
Posts: 15832
(15866 all sites)
Registered: 8/9/2002
Status: Offline

  posted on 8/20/2010 at 11:25 AM
quote:
One president drives the economy into a ditch. Another one comes along and drives it off a cliff.


alloak, suppose the election had not happened until one year later. What do you think Bush, and the economy, would have done in that year that is different than what happened with a new president in office?

I have to say, it is almost embarrassing to be an American these days. I really thought the right would own up to at least a little of what Bush did. Who knew their strategy would be to blame it all on whomever came after him? I wonder if they would be doing this had McCain won.

 

____________________


 

Sublime Peach



Karma:
Posts: 7168
(7166 all sites)
Registered: 4/7/2002
Status: Offline

  posted on 8/20/2010 at 11:34 AM
There is no difference between the right and the left. They just use that to divide America. I don't see any difference in the Bush plan and the Obama plan. They are both driving this thing into the ground. They can't accomplish their goals if we are all on the same team. This is class warfare and they are brilliant at what they are doing. Most Americans don't even realize that it is going on. The slow bleed continues.

 

____________________
"If everyone demanded peace instead of another television set, then there'd be peace."



- John Lennon

 

Zen Peach



Karma:
Posts: 46751
(46752 all sites)
Registered: 7/8/2004
Status: Offline

  posted on 8/20/2010 at 11:37 AM
quote:
One president drives the economy into a ditch. Another one comes along and drives it off a cliff.


If that's true, then Big Finance was the motor and the American people were the gasoline.

 

____________________
"Live every week like it's Shark Week." - Tracy Jordan

 

Zen Peach



Karma:
Posts: 15832
(15866 all sites)
Registered: 8/9/2002
Status: Offline

  posted on 8/20/2010 at 11:43 AM
quote:
quote:
Speaking of ignorance, does anyone else here think all this started when Obama was inaugurated?


No, but to use Obama's analogy of the car stuck in the ditch, I would say they might be stepping on the gas and the car keeps sinking deeper into the mud.

To your point in the previous post though, I don’t think they will ever let it collapse into shambles. Sometimes I think they should, but they won’t. Sometimes I think it might be good if we were all in the crapper, we might have a shared goal to make things better. Now its just picking and choosing what they want to save, or what they deem is too big to fail.


jim, at this point, I don't think "they" have as much control over it as they want us to think. All our lives we've thought "they" had a handle on things, and it is all coming unglued.

I do appreciate the perspective of those who work on Wall Street and in other corporate settings in these forums, but I will respectfully submit that most of you don't have a clue what is going on in middle America and among the blue collar class. I wonder sometimes if dougron has ever been outside of his neighborhood. Corporate bosses and government are not in charge any more, as much as they want us all to think they are. They are trying to steer a ship whose steering has stopped working. Some of us can see that, others still think they are on a grand ride, with nothing to worry about. Dancing on the Titanic. Others can see the iceberg.

 

____________________


 

Zen Peach



Karma:
Posts: 46751
(46752 all sites)
Registered: 7/8/2004
Status: Offline

  posted on 8/20/2010 at 11:47 AM
quote:
There is no difference between the right and the left.


Oh, yes there is.

 

____________________
"Live every week like it's Shark Week." - Tracy Jordan

 

Maximum Peach



Karma:
Posts: 8388
(8389 all sites)
Registered: 3/22/2006
Status: Offline

  posted on 8/20/2010 at 11:48 AM
quote:
I doubt we need to see any more unemployment figures to know what the deal is. I think the powers that be know the same thing we know...that the economy is not going to stop collapsing until it is a shambles, and we have to start all over again. I like this quote from a Wells Fargo exec:

“Growth is going to slow in the second half and we might face something a little more ominous than that.”

Good grief. I knew that a year ago, and I'm just an unemployed manual laborer. I've already seen ominous. But I am looking forward to seeing guys like this standing by the side of the road with signs that say "anything helps." Everyone isn't participating in the economic collapse of America. We need to all get on board if we are going to do this right.
All this obvious knowledge on the state of the economy, and yet not a single person in a position of power in DC has even hinted at the idea of govt doing with less. What more is needed before its clear that they all need to be voted out?

 

____________________
Obamacare: To insure the uninsured, we first make the insured
uninsured and then make them pay more to be insured again,
so the original uninsured can be insured for free.

 

Zen Peach



Karma:
Posts: 15832
(15866 all sites)
Registered: 8/9/2002
Status: Offline

  posted on 8/20/2010 at 11:51 AM
quote:
quote:
I doubt we need to see any more unemployment figures to know what the deal is. I think the powers that be know the same thing we know...that the economy is not going to stop collapsing until it is a shambles, and we have to start all over again. I like this quote from a Wells Fargo exec:

“Growth is going to slow in the second half and we might face something a little more ominous than that.”

Good grief. I knew that a year ago, and I'm just an unemployed manual laborer. I've already seen ominous. But I am looking forward to seeing guys like this standing by the side of the road with signs that say "anything helps." Everyone isn't participating in the economic collapse of America. We need to all get on board if we are going to do this right.
All this obvious knowledge on the state of the economy, and yet not a single person in a position of power in DC has even hinted at the idea of govt doing with less. What more is needed before its clear that they all need to be voted out?


Fuji, who we vote for isn't going to make any difference. Just hang on for the ride. It's going to be a good one.

 

____________________


 

Zen Peach



Karma:
Posts: 46751
(46752 all sites)
Registered: 7/8/2004
Status: Offline

  posted on 8/20/2010 at 11:52 AM
quote:
quote:
I doubt we need to see any more unemployment figures to know what the deal is. I think the powers that be know the same thing we know...that the economy is not going to stop collapsing until it is a shambles, and we have to start all over again. I like this quote from a Wells Fargo exec:

“Growth is going to slow in the second half and we might face something a little more ominous than that.”

Good grief. I knew that a year ago, and I'm just an unemployed manual laborer. I've already seen ominous. But I am looking forward to seeing guys like this standing by the side of the road with signs that say "anything helps." Everyone isn't participating in the economic collapse of America. We need to all get on board if we are going to do this right.
All this obvious knowledge on the state of the economy, and yet not a single person in a position of power in DC has even hinted at the idea of govt doing with less. What more is needed before its clear that they all need to be voted out?


Voted out and replaced with who?

 

____________________
"Live every week like it's Shark Week." - Tracy Jordan

 

Zen Peach



Karma:
Posts: 27533
(27822 all sites)
Registered: 2/18/2006
Status: Offline

  posted on 8/20/2010 at 11:53 AM
quote:

I have to say, it is almost embarrassing to be an American these days. I really thought the right would own up to at least a little of what Bush did. Who knew their strategy would be to blame it all on whomever came after him? I wonder if they would be doing this had McCain won.


Nope....they'd be blaming Carter and Clinton.

 

____________________
Sometimes we can't choose the music life gives us - but we damn sure can choose how we dance!


 

Zen Peach



Karma:
Posts: 20943
(20942 all sites)
Registered: 6/15/2005
Status: Offline

  posted on 8/20/2010 at 11:54 AM
quote:
quote:
and getting worse. thanks obama for more of your ignorance.


Speaking of ignorance, does anyone else here think all this started when Obama was inaugurated?


It did not of course. But his present policies are making it worse.

 

____________________

 

Zen Peach



Karma:
Posts: 15832
(15866 all sites)
Registered: 8/9/2002
Status: Offline

  posted on 8/20/2010 at 11:57 AM
quote:
quote:
quote:
and getting worse. thanks obama for more of your ignorance.


Speaking of ignorance, does anyone else here think all this started when Obama was inaugurated?


It did not of course. But his present policies are making it worse.


It was going to get worse anyway. We really don't know if what he is doing is making it worse than it would have been, or not as worse, but worse was on the schedule, and will be for a long time. We are rolling downhill like a snowball headed for Hell. Bush put on the gas. Obama thinks he pumping the brakes, but there are no brakes.

 

____________________


 

Maximum Peach



Karma:
Posts: 8388
(8389 all sites)
Registered: 3/22/2006
Status: Offline

  posted on 8/20/2010 at 11:58 AM
quote:
quote:
One president drives the economy into a ditch. Another one comes along and drives it off a cliff.
If that's true, then Big Finance was the motor and the American people were the gasoline.
A little civics reminder: Congress holds the checkbook. A President can't enact massive new spending, or cut existing spending, without Congressional approval. The only real expense a President can initiate - and its a big one - is in relation to military actions. Even then, Congress can stop funding any military action they want to after its been started.

Which is why, if you want to send a message about spending, it must be done through electing the right folks to the House and Senate.

Folks too often blame Presidents because its an easy single target. Reagan's deficits came because while he got the tax cuts he asked for, he never got all the cuts in govt he also asked for. Clinton's successful balancing of the budget occurred because he had a Congress that was focused on doing exactly that. In both - and all cases - Congress is the ultimate driver and bears the ultimate fiscal responsibility.

 

____________________
Obamacare: To insure the uninsured, we first make the insured
uninsured and then make them pay more to be insured again,
so the original uninsured can be insured for free.

 

Maximum Peach



Karma:
Posts: 8388
(8389 all sites)
Registered: 3/22/2006
Status: Offline

  posted on 8/20/2010 at 12:02 PM
quote:
quote:
quote:
I doubt we need to see any more unemployment figures to know what the deal is. I think the powers that be know the same thing we know...that the economy is not going to stop collapsing until it is a shambles, and we have to start all over again. I like this quote from a Wells Fargo exec:

“Growth is going to slow in the second half and we might face something a little more ominous than that.”

Good grief. I knew that a year ago, and I'm just an unemployed manual laborer. I've already seen ominous. But I am looking forward to seeing guys like this standing by the side of the road with signs that say "anything helps." Everyone isn't participating in the economic collapse of America. We need to all get on board if we are going to do this right.
All this obvious knowledge on the state of the economy, and yet not a single person in a position of power in DC has even hinted at the idea of govt doing with less. What more is needed before its clear that they all need to be voted out?
Fuji, who we vote for isn't going to make any difference. Just hang on for the ride. It's going to be a good one.
I fear you're right SCB, though I bitterly dislike the thought that nothing can be done. We probably agree that many things can be done, but the probability of the right things happening is very, very low.

 

____________________
Obamacare: To insure the uninsured, we first make the insured
uninsured and then make them pay more to be insured again,
so the original uninsured can be insured for free.

 

Maximum Peach



Karma:
Posts: 8388
(8389 all sites)
Registered: 3/22/2006
Status: Offline

  posted on 8/20/2010 at 12:04 PM
quote:
quote:
quote:
I doubt we need to see any more unemployment figures to know what the deal is. I think the powers that be know the same thing we know...that the economy is not going to stop collapsing until it is a shambles, and we have to start all over again. I like this quote from a Wells Fargo exec:

“Growth is going to slow in the second half and we might face something a little more ominous than that.”

Good grief. I knew that a year ago, and I'm just an unemployed manual laborer. I've already seen ominous. But I am looking forward to seeing guys like this standing by the side of the road with signs that say "anything helps." Everyone isn't participating in the economic collapse of America. We need to all get on board if we are going to do this right.
All this obvious knowledge on the state of the economy, and yet not a single person in a position of power in DC has even hinted at the idea of govt doing with less. What more is needed before its clear that they all need to be voted out?
Voted out and replaced with who?
Replace them with people from the same party for all I care. At this point, its about sending a message that the Washington status quo is no longer tolerable.

 

____________________
Obamacare: To insure the uninsured, we first make the insured
uninsured and then make them pay more to be insured again,
so the original uninsured can be insured for free.

 
<<  1    2  >>  


Powered by XForum 1.81.1 by Trollix Software

Privacy | Terms of Service | Report Infringement | Personal Data Management | Contact Us
The ALLMAN BROTHERS BAND name, The ALLMAN BROTHERS name, likenesses, logos, mushroom design and peach truck are all registered trademarks of THE ABB MERCHANDISING CO., INC. whose rights are specifically reserved. Any artwork, visual, or audio representations used on this web site CONTAINING ANY REGISTERED TRADEMARKS are under license from The ABB MERCHANDISING CO., INC. A REVOCABLE, GRATIS LICENSE IS GRANTED TO ALL REGISTERED PEACH CORP MEMBERS FOR The DOWNLOADING OF ONE COPY FOR PERSONAL USE ONLY. ANY DISTRIBUTION OR REPRODUCTION OF THE TRADEMARKS CONTAINED HEREIN ARE PROHIBITED AND ARE SPECIFICALLY RESERVED BY THE ABB MERCHANDISING CO.,INC.
site by Hittin' the Web Group with www.experiencewasabi3d.com