begooode Posted March 10, 2023 Report Share Posted March 10, 2023 The US economy added 311,000 jobs in February, according to the Labor Department's closely watched monthly employment snapshot, released Friday. That's a pullback from the blockbuster January jobs report, when a revised 504,000 positions were added, but shows the labor market is still emitting plenty of heat. The unemployment rate ticked up to 3.6% from 3.4%. Economists were expecting a net gain of 205,000 jobs for February and no change in the unemployment rate, according to Refinitiv. The Federal Reserve has been battling for almost a year to slow the economy and crush the highest inflation in 40 years, but the labor market continues to defy those efforts. Link to post Share on other sites More sharing options...
begooode Posted March 12, 2023 Report Share Posted March 12, 2023 While Biden delivered a fair amount to the progressives in his budget proposal, he is certainly moving to the center on a couple of issues in advance of 2024. President Joe Biden’s allies in the climate movement are bracing for their biggest setback from his administration as he moves closer to approving an Alaskan oil project that would pump as much carbon into the atmosphere as 60 coal-burning power plants. The administration is expected to approve ConocoPhillips’ plans to build its proposed Willow project on federal land in the Arctic tundra, according to three people at environmental groups who have talked to the White House and Interior Department in recent days about it. But there is no indication yet that Biden himself has signed off on it, and the administration appears to be still trying to decide how big the project would be, these people said. https://www.politico.com/news/2023/03/11/joe-biden-climate-alaska-willow-oil-00086659 Link to post Share on other sites More sharing options...
reo Posted March 12, 2023 Report Share Posted March 12, 2023 On 3/10/2023 at 10:18 AM, EinC said: https://www.cbsnews.com/news/federal-reserve-rate-hikes-acclerate-jerome-powell/ Prayers for people who are not prepared or people that are living pay check to pay check. Brought to you by the Biden administration. Recession incoming. Rate hikes need to happen. They've been artificially low for a decade. IsntLifeFunny 1 Link to post Share on other sites More sharing options...
begooode Posted March 14, 2023 Report Share Posted March 14, 2023 The consumer price index (CPI) rose by 0.4 percent in February for an annual increase of 6 percent, right in line with what economists had been expecting, according to data released Tuesday by the Labor Department. The 6-percent annual inflation rate was the lowest yearly price increase since September 2021. It was down from 6.4 percent in January and the eighth consecutive month of decline off a high of 9.1 percent last June. Without food and energy prices, which are more volatile, the “core” CPI rose 0.5 percent in February and 5.5 percent over the past 12 months—an unwelcome increase for the Federal Reserve, which is attempting bring inflation back down to 2 percent annually. But overall, the latest numbers are likely to keep Fed’s rate-setting committee on track to raise rates by 0.25 percentage points at its upcoming meeting March 21-22. The Fed now has 89 percent chance now of sticking with a quarter-percent rate hike at its next meeting, according to the CME FedWatch prediction algorithm.... https://thehill.com/business/3899251-consumer-prices-rose-6-percent-annually-in-february-as-inflation-eased/ Link to post Share on other sites More sharing options...
IrishTitansFan Posted March 15, 2023 Report Share Posted March 15, 2023 Biden approving the Willow project is a disgrace headhunter 1 Link to post Share on other sites More sharing options...
El Guapo Posted March 19, 2023 Report Share Posted March 19, 2023 So even CNN is now realizing Biden family China bribes are real. Link to post Share on other sites More sharing options...
Starkiller Posted March 20, 2023 Report Share Posted March 20, 2023 https://www.cnn.com/2023/03/20/politics/biden-first-veto/index.html President Joe Biden issued the first veto of his presidency Monday on a resolution to overturn a retirement investment rule that allows managers of retirement funds to consider the impact of climate change and other environmental, social and governance factors when picking investments. Republican lawmakers led the push to pass the resolution through Congress, arguing the rule is “woke” policy that pushes a liberal agenda on Americans and will hurt retirees’ bottom lines, while Democrats say it’s not about ideology and will help investors. The resolution, which would rescind a Department of Labor rule, passed both chambers of Congress with Democratic Sens. Joe Manchin of West Virginia and Jon Tester of Montana voting with Republicans in the Senate. Link to post Share on other sites More sharing options...
TF_Titan Posted March 20, 2023 Report Share Posted March 20, 2023 As long as they explain clearly what the investment objectives of the fund is I don't care what they invest it in. I have a big problem if they tell me their objective is to maximize growth, but then make investment choices that are motivated by a totally different objective. Feel free to create a "Save the planet" fund...just be up front about what it is. Link to post Share on other sites More sharing options...
El Guapo Posted March 20, 2023 Report Share Posted March 20, 2023 If they had a save the planet fund, there would not be maximum growth. This is sheer idiocy. The purpose of any fund is to increase value and save, not to promote social causes. Agree with above. However, I suspect most would not invest significant amount within their criteria and I cannot imagine money managers being thrilled with this. Just when I thought this idiot could not get any dumber... Link to post Share on other sites More sharing options...
oldschool Posted March 20, 2023 Report Share Posted March 20, 2023 8 minutes ago, El Guapo said: If they had a save the planet fund, there would not be maximum growth. This is sheer idiocy. The purpose of any fund is to increase value and save, not to promote social causes. Agree with above. However, I suspect most would not invest significant amount within their criteria and I cannot imagine money managers being thrilled with this. Just when I thought this idiot could not get any dumber... sheep... https://www.npr.org/2023/03/20/1160924819/biden-first-veto-esg Link to post Share on other sites More sharing options...
begooode Posted March 20, 2023 Report Share Posted March 20, 2023 1 hour ago, El Guapo said: If they had a save the planet fund, there would not be maximum growth. This is sheer idiocy. The purpose of any fund is to increase value and save, not to promote social causes. Agree with above. However, I suspect most would not invest significant amount within their criteria and I cannot imagine money managers being thrilled with this. Just when I thought this idiot could not get any dumber... ... maximize sustainable growth over a long-term horizon, in compliance with the spirit of local business practices save for a few explicit deal breakers (ex: bribes, corrupt ethical behavior). My company has won several contracts as we are seen as a leader in sustainability within our industries. In short, green initiatives have moved from feel-good marketing talk talk to driving top line decisions for our customers and production decisions for our supply chain and facilities management. Ignoring it , or just giving it lip service to maximize short-term profits is just not wise anymore. Link to post Share on other sites More sharing options...
begooode Posted March 24, 2023 Report Share Posted March 24, 2023 I apologize to our conservative posters, as I thought the gas stoves thing was mostly a red herring. Dems are racing to snatch defeat from the jaws of victory on the bigger picture, at least in the near-term, while they celebrate an 'ideology win', that's terribly ill-timed imo. New York state lawmakers are poised to enact the nation’s first legislative ban on gas and fossil fuel appliances in most new buildings, including single-family homes. Despite outcry from Republicans nationwide about states and the federal government looking to ban gas stoves, New York appears set to move forward with the proposal in the state budget due March 31. The reason a deal looks imminent is because Gov. Kathy Hochul and fellow Democrats in both chambers of the state Legislature have endorsed proposals to prohibit fossil fuel furnaces, water heaters, clothes dryers and gas stoves in most new construction. New York would be the first to take this step through legislative action; California and Washington have done so through building codes. An agreement has not been finalized to ensure passage, but the new restrictions are included in all three plans being discussed in Albany. https://www.politico.com/news/2023/03/23/new-york-gas-stoves-ban-00088648 IsntLifeFunny 1 Link to post Share on other sites More sharing options...
Starkiller Posted March 24, 2023 Report Share Posted March 24, 2023 https://www.npr.org/2023/03/23/1165527249/ftc-rule-charges-cancel-online-subscriptions On Thursday, the FTC proposed a new rule that would make it easier for people to cancel those pesky charges — and get their money back. "It would really say that companies are not able to manipulate consumers into paying for subscriptions that they don't want," FTC Chair Lina Khan told Morning Edition's Leila Fadel on Thursday. Among other changes, the "Click to Cancel" provision would require sellers to make it just as easy for customers to leave subscriptions — to everything from cosmetics to gym memberships to newspapers — as it is to enroll. It also aims to give consumers a clearer idea of what exactly they're signing up for in advance, so they don't feel "tricked or trapped into subscriptions," as Khan put it. "So if you were able to subscribe online you need to be able to cancel online using the same number of steps," she explains. "If you open an account over the phone, you need to be able to close it over the phone without suffering through endless hold music or sales pitch." ChemEngr79, and MadMax 2 Link to post Share on other sites More sharing options...
MadMax Posted March 24, 2023 Report Share Posted March 24, 2023 8 hours ago, Starkiller said: https://www.npr.org/2023/03/23/1165527249/ftc-rule-charges-cancel-online-subscriptions On Thursday, the FTC proposed a new rule that would make it easier for people to cancel those pesky charges — and get their money back. "It would really say that companies are not able to manipulate consumers into paying for subscriptions that they don't want," FTC Chair Lina Khan told Morning Edition's Leila Fadel on Thursday. Among other changes, the "Click to Cancel" provision would require sellers to make it just as easy for customers to leave subscriptions — to everything from cosmetics to gym memberships to newspapers — as it is to enroll. It also aims to give consumers a clearer idea of what exactly they're signing up for in advance, so they don't feel "tricked or trapped into subscriptions," as Khan put it. "So if you were able to subscribe online you need to be able to cancel online using the same number of steps," she explains. "If you open an account over the phone, you need to be able to close it over the phone without suffering through endless hold music or sales pitch." I like this. Next on the list should be a rule to NOT have your phone ring several times a week with some robot bitch trying to sell you funeral insurance or extend the warranty on your 11 year old car, or anything else unsolicited. Link to post Share on other sites More sharing options...
Starkiller Posted March 24, 2023 Report Share Posted March 24, 2023 Just now, MadMax said: I like this. Next on the list should be a rule to NOT have your phone ring several times a week with some robot bitch trying to sell you funeral insurance or extend the warranty on your 11 year old car, or anything else unsolicited. They are working on that, too… https://www.cnn.com/2023/03/17/tech/fcc-spam-text-crackdown/index.html MadMax 1 Link to post Share on other sites More sharing options...
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