Authored by Paul Craig Roberts,
The false reality constructed for Americans parallels perfectly the false reality constructed by Big Brother in George Orwells’ dystopian novel 1984.
We've spent a lot of time of late discussing the precarious financial positions of states like Illinois, Connecticut and New Jersey which each suffer from their own myriad of financial threats including massive budget deficits, monstrous unfunded pension liabilities, pending debt downgrades, etc. In case you've missed those notes, here is a recap for your amusement:
Long walks on the beach, holding hands in a hottub overlooking the ocean, working on your golf game...in Hawaii, treating the kids and grandkids to treats and trips - we have all seen the commercials of how great 'retirement' can be (or could have been), if you just put a little more money into the stock market via your friendly local asset gatherer.
Well, sad to say, as Bloomberg reports, more and more Americans are spending their golden years on the job.
Authored by Mike Shedlock via MishTalk.com,
Goats are at the center of a public union grievance against Western Michigan University for taking jobs that supposedly belong to union workers.
The jobs in question involve clearing the land of poison ivy and other noxious weeds that goats are willing to do for free.
Please consider Are Goats Taking Jobs from Union Workers?
A battle is brewing at Western Michigan University this summer between a group of hungry goats and a labor union.
When we discussed last month's JOLTS report - Janet Yellen's favorite labor market indicator - we used one word to describe it: "schizophrenic", because while the BLS reported that job openings in April soared to the highest on record, hiring crashed, confounding not only economists, but also the supervisors of BLS goalseekers who "came up" with the number. Fast forward to today, when moments ago the latest JOLTS report summarized, with its usual 2 month lag, the labor situation in the US.