Percentage Growth in Government Jobs vs. Private Jobs vs. Population Growth; Facts and Consequences
August 13, 2012 0

Percentage Growth in Government Jobs vs. Private Jobs vs. Population Growth; Facts and Consequences

By News Desk

Just 14% expect today’s children to be better off than their parents Just 31% believe the U.S. economy will be stronger in one year Just 27% think the country is heading in the right direction.  Just 24% of American Adults believe the job market is better than a year ago 44% think the job market is worse, up 15 points from June Demographics Suggest Majority is Right I happen to agree with the majority who think those now graduating from high school will not be better off than their parents. There are too few jobs, too much student debt, and too few workers supporting too many retirees on Social Security

Europe’s Most Dangerous Politicians: Angela Merkel, Francois Hollande, David Cameron, Jean-Claude Juncker, Jose Barroso, Mario Monti, Herman Van…
August 12, 2012 0

Europe’s Most Dangerous Politicians: Angela Merkel, Francois Hollande, David Cameron, Jean-Claude Juncker, Jose Barroso, Mario Monti, Herman Van…

By News Desk

Der Spiegel has published an inane article about Europe’s 10 Most Dangerous Politicians . Top 10 List Markus Söder , Bavarian Finance Minister: The politician from the Christian Social Union, the conservative sister party to Chancellor Angela Merkel’s Christian Democratic Union, is known for his tub-thumping rhetoric and has stepped up a gear in the euro crisis with vitriolic comments about Greece

Hermosa Beach Police Chief and Councilman Fishman Defend $100,000 Meter Maids on Grounds "When You Outsource, You Take Away Union Jobs"
August 12, 2012 0

Hermosa Beach Police Chief and Councilman Fishman Defend $100,000 Meter Maids on Grounds "When You Outsource, You Take Away Union Jobs"

By News Desk

Please consider Hermosa Beach Meter Maids Make Nearly $100K When contemplating the many reasons cities in California and elsewhere are venturing closer to bankruptcy, look no further than the relatively lucrative and often-unjustifiable salaries bestowed on municipal employees – and the lofty pension benefits attached to the high pay. One of the latest examples comes from the California coastal city of Hermosa Beach, where some community service staffers who collect money from parking meters and manage their operations – positions once widely known as “meter maidsâ€â€“ are making nearly $100,000 a year in total compensation, according to city documents. There are 10 parking enforcement employees for the 1.3-square-mile beach city southwest of downtown Los Angeles, and they pull down some disproportionate compensation, considering their job functions.

Ponzi Bank Financing of "Wealth Management Products" in China Backed by Dubious Real Estate Projects; "Golden Elephants", Poway, …
August 12, 2012 0

Ponzi Bank Financing of "Wealth Management Products" in China Backed by Dubious Real Estate Projects; "Golden Elephants", Poway, …

By News Desk

Financial Times Alphaville picked up on the story in Chinese Banks’ Weapons of Mass Ponzi We wrote last week that China’s shadow banking system was reflecting and, to an extent, contributing to a growing liquidity risk which in turn is being exacerbated by net capital outflows. Since then, there have been some interesting revelations on the domestic liquidity management, especially in shadow banking, and especially especially in wealth management products