Labor

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

If nobody will hire you, start your own enterprise to fill scarcities and create value in your community.

Workers of all ages are caught in a vice. Older workers need to keep working longer in an economy which values younger workers (and their cheaper healthcare premiums). Younger workers are caught in the vice of "you don't have enough experience" and "how do I get experience if nobody will hire me?"

Jamaica have announced plans to fire Queen Elizabeth II as the head of state, and legalize cannabis, in a radical new constitutional amendment. Lawmakers are discussing the plans as part of the new government’s 2016-2017 legislative agenda. The proposals would see the Queen being replaced with a Non-Executive President, Governor General Sir Patrick Allen announced to Parliament on Thursday.

Lawmakers in Jamaica are to debate a constitutional amendment that would replace Britain’s Queen Elizabeth II as head of state and make the island a republic. The legislative agenda also includes a proposal to fully legalize marijuana for “specified purposes.” The Independent reports: The proposal is a “major action item” on the new government’s 2016-2017 legislative agenda, and would replace the Queen with a Non-Executive President, Governor General Sir Patrick Allen said Thursday in a speech to parliament posted on the government’s website.

According to the latest Consumer Price Index data from The Labor Department, it has never - ever - been more expensive to "dine out" relative to "eating at home."

Perhaps its a remnant from 2014 and 2015, but the first thing we noticed when skimming through the April Fed Beige Book is that "weather" continues to play an impact on the US economy: after declining from 26 mentions of the word "weather" in the January beige book, down to 17 in March, April saw a fractional pick up, with 18 cases of the word appearing in the just released Fed report.