December 24, 2012
What Millions Want For Christmas: A Job
See the original article here: What Millions Want For Christmas: A Job
Hard hitting global and local news
Hard hitting global and local news
See the original article here: What Millions Want For Christmas: A Job
Continue Reading: Yen Declines Following Shinzo Abe’s Threat to Change Japanese Law; An Idle Threat?
Also consider Calpers Bankruptcy Strategy Pits Retirees vs. All Others .
Empire State Manufacturing Index Declines 5th Straight Month; Profit Squeeze Underway Posted by Michael Shedlock at 2:46 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Small Business Owners Cut Capital Expenditures, Plan to Cut Even More According to the latest Gallup survey, Small-Business Owners Pull Back Capital Spending Plans . Moreover, net capital spending by small businesses declined over the last year as well
Today the Federal Reserve issued this Policy Statement Regarding Purchases of Treasury Securities and Agency Mortgage-Backed Securities . On December 12, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to purchase longer-term Treasury securities after the maturity extension program is completed at the end of December 2012, initially at a pace of about $45 billion per month. The FOMC also directed the Desk to continue purchasing additional agency mortgage-backed securities (MBS) at a pace of about $40 billion per month. These actions should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative. The FOMC also directed the Desk to maintain its existing policy of reinvesting principal payments from the Federal Reserve’s holdings of agency debt and agency MBS in agency MBS, and, in January, to resume rolling over maturing Treasury securities into new issues at auction.
The chart assumes a steady rise in labor force to the BLS 2020 projection of 164,360.
Please consider the Detroit News article Chrysler reinstates 13 workers fired for drinking on job . Chrysler Group LLC says it was forced to reinstate 13 workers who were fired from its Jefferson North Assembly Plant two years ago after being filmed by a local television station drinking and smoking what the network suggested was a controlled substance before and during work. "The workers followed the grievance procedure process outlined in the collective bargaining agreement between Chrysler and the United Auto Workers.
Bank of England Warns of Global Currency Wars By the time central banks warn about something, the practice has likely been going on for years. Today’s case in point is BoE’s King warns of growing currency competition The head of the Bank of England warned on Monday that too many countries were trying to weaken their currencies to offset the impact of the slow global economy and the trend could grow next year. "You can see, month by month, the addition to the number of countries who feel that active exchange rate management, always to push their exchange rate down, is growing," Mervyn King said in a speech
