Man Eats His Way Across America – from Garbage Cans
(YT) Rob Greenfield is a peculiar guy. The 28-year old Californian had a vasectomy a few years ago so as not to contribute to world overpopulation. He despises shoes.
The Economy
Inflation is Like Toothpaste~Once It’s Out, You Can’t Get it Back In
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Lenin In an interview between Jim Goddard and David Smith, Senior Analyst for the Morgan Report, Jim Goddard asks:JG:
Long-term unemployed still at record levels
It has come down to this for Brian Perry: an apple or banana for lunch, Red Sox ballgames on an old Zenith TV and long walks to shake off the blues. At 57, Perry has been unemployed and looking for work for nearly seven years, ever since that winter when the Great Recession hit and he was laid off from his job as a law firm clerk.
Price Of Milk Soars To Brand New Record High
Milk futures rose to a record as exports by the U.S. climbed amid shrinking inventories of cheese and butter, signaling higher costs for pizza and pastries.
McDonald’s Monthly Sales Slump Worst Since 2003
McDonald’s Corp. (MCD), the world’s largest restaurant chain, posted the worst same-store sales decline in more than a decade, hurt by sluggish demand in the U.S.
Small Business Ownership In The U.S. Has Dropped To The Lowest Level Ever Recorded
According to the Federal Reserve, the percentage of American families that own a small business is at the lowest level that has ever been recorded. In a report that was just released entitled “Changes in U.S.
Job Growth Dives 33%~One Third of All Jobs Temporary
The United States economy added only 142,000 jobs in August, compared with an average monthly gain of 212,000 over the prior 12 months, dropping 33%. It was the smallest gain since January. The small amount of jobs added occurred in professional and business services and in health care.
Why Is The Labor Force Participation Rate In The U.S. At A 36 Year Low?
Should we be concerned that the percentage of Americans that are either working or looking for work is the lowest that it has been in 36 years? In August, an all-time record high 92,269,000 Americans 16 years of age and older did not “participate in the labor force”. And when you throw in the people that are considered to be “in the labor force” but are not currently employed, that pushes the total of working age Americans that do not have jobs to well over 100 million.
53 Million Temps: All You Need To Know About The ‘Jobs Recovery’
After years of ignoring the obvious, the Federal Reserve has been finally forced to admit that the labor force participation rate matters, and in fact has started to point it out as a clear negative when it comes to Yellen’s “dashboard” of thresholds which will allow the Fed to raise rates (for the obvious reason that the Fed is desperate to delay ZIRP as long as possible and is now highlighting all that is wrong with the economy, contrary to Obama who is still focusing on all the rigged greatness of the US recovery) and to do so is going through Zero Hedge archives to note all those things which everyone had ignored for years and which we have pointed out as structural failures of the so-called recovery. So while we are happy to oblige the Fed with our tens of thousands of articles summarizing what is broken with the US economy thanks to, well, the Fed, here is another one: one which the Fed can use next year when the time to hike rates has come and gone, and when the Fed is once again scratching its head what to blame it on.
Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low
A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics. The labor force participation rate has been as low as 62.
The Next Generation Will Have It Worse, Most Americans Say
Employers have been creating jobs at a good clip this year, but Americans are too exhausted and discouraged by the pain of the recession and slow recovery to see much cause for optimism. That’s the conclusion of a new report surveying the economic sentiment of workers, released Thursday by the John J. Heldrich Center for Workforce Development at Rutgers University.
Burger King is buying Tim Horton’s
Burger King announced that it has reached a deal to buy Canadian doughnut chain Tim Hortons and base itself in Canada, a controversial transaction that raises questions about business taxes and corporate patriotism. The deal is the latest example of a U.S.
13 Suburban Cities With The Largest Poverty Increases
Are you living in poverty? Or are you living near it? Are you living in a “slumurban” home?
