The US Labor Force Continues Its Transition Into Third World Status
The Bureau of Labor Statistics headline this month reads: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.
The Bureau of Labor Statistics headline this month reads: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.
As Franklin Roosevelt said, “All we have to fear is fear itself.” The stock market hangs in such peril that it is the fear of fear that is now driving its surges. The market is afraid that Ebola fear will cause a panicked change in people’s economic activities.
Gross mismanagement of the Ebola crisis by CDC and health officials around the country has left many Americans wondering what steps they need to take to prevent getting infected. Some of the key questions facing concerned citizens revolve around the concepts of self quarantine and social distancing. When do you make the call to bug in or bug out?
The U.S. Marines who guarded the sprawling complex in northwest Iraq where Saddam Hussein’s 1980s war machine churned out some of the most deadly chemical and biological weapons known to man had a name for one especially mysterious bunker:
Much of the responsibility for the Ebola crisis that the United States is now facing can be laid squarely at the feet of Barack Obama. If Obama had banned all non-essential air travel between the U.S.
Is Ebola going to cause another of the massive October stock market crashes that Wall Street is famous for? At one point on Wednesday, the Dow was down a staggering 460 points. It ultimately closed down just 173 points, but this was the fifth day in a row that the Dow has declined.
Fears over a zombie apocalypse have some wondering whether it’s possible for a viral hybrid between rabies and the flu virus to cause the end of the world. After all, the Pentagon has a plan for the zombie apocalypse, and even the state of Kansas is preparing for the walking dead. But could fears over a zombie attack be justified by the ISIS terrorist group?
A new aggressive daytime-biting mosquito capable of transmitting debilitating and possibly deadly viruses has been found in the Los Angeles region, officials announced Wednesday. Known as yellow fever mosquitoes, the insects were found Oct. 7 and 8 in Commerce and Pico Rivera, respectively, according to the Greater Los Angeles County Vector Control District.
A Liberian Ebola patient was left in an open area of a Dallas emergency room for hours, and nurses treating him worked without proper protective gear and faced constantly changing protocols, according to a statement released by the nation’s largest nurses’ union. Among those nurses was Nina Pham, 26, who has been hospitalized since Friday after catching Ebola while caring for Thomas Eric Duncan, the first person diagnosed with the virus in the U.S.
While Johnson fled the store before he could be apprehended by Walmart security, he was subsequently arrested by Brooksville Police Department officers. In a written statement, Johnson admitted that, “I did unmentionables to a stuffed animal.” Noting that he committed a “horrible act,” Johnson added, “I need to think before what I do.
One passenger at Dulles International Airport outside Washington, D.C. is apparently not taking any chances.
The CDC has announced that the second healthcare worker diagnosed with Ebola — now identified as Amber Joy Vinson of Dallas — traveled by air Oct. 13, the day before she first reported symptoms. The CDC is now reaching out to all passengers who flew on Frontier Airlines flight 1143 Cleveland to Dallas/Fort Worth.
“The guidelines were constantly changing” and “there were no protocols” at Texas Health Presbyterian Hospital Dallas as the hospital treated a patient with Ebola, the president of National Nurses United told reporters Tuesday. Protective gear nurses wore at first left their necks exposed, union co-president Deborah Burger said, citing information she said came from nurses at the hospital. Union officials declined to specify how many nurses they had spoken with.
A national nurses union said during a hastily-scheduled press conference Tuesday evening that hospitals are dropping the ball on safety for nurses caring for Ebola patients. RoseAnn DeMoro, director of National Nurses United, which has been critical of hospitals’ response to the Ebola crisis, said safety protocols recommended by the Centers for Disease Control and Prevention have not been followed by the Dallas hospital where Thomas Eric Duncan, the first person diagnosed with Ebola in the United States, died last week. “Our nurses are not protected, they’re not prepared to handle Ebola or any other pandemics,” DeMoro said.
Over the past 5 years, the shale industry, fabricated or real reserves notwithstanding, has been a significant boon to the US economy for four main reasons: it has been the target of billions in fixed investment and CapEx spending, it has resulted in tens of thousands of high-paying jobs, its output has been a major tailwind for the US trade deficit, and has generally been a significant contributor to GDP (not to mention various Buffett-controlled or otherwise railway corporations). And perhaps, most importantly, it has become a huge buffer to the price of global oil, as the cost curve of US shale is horizontal, with a massive 10,000 kbls/day available within pennies of $85/bl.
Is the stock market about to crash? Hopefully not, and there definitely have been quite a few “false alarms” over the past few years. But without a doubt we have been living through one of the greatest financial bubbles in U.