Friday, August 2, 2013

Barker's Newsbites: Friday, August 2, 2013


Well, folks... today's newsbites... found inside the Comments Section... as they are each day and weekend most days and weekends of the year... are coming!


(*WINK*)

Do you read my newsbites? Do you learn stuff from them?

I have one friend who swears that he reads them as time permits and who I know actually pays me the huge compliment of having his phone set to alert him every time a new Usually Right posting is added.

(I don't believe this applies to newsbites, however; again... the actual newsbites are found "within" the individual daily and weekend posts... in the comment sections of the posts...)

Here's the funny thing with this particular buddy... one of my best friends... a friend I'd do anything for because he's do anything for me...


(*PAUSE*)

Often when we're conversing and we disagree on some fact (or supposition) I've thrown out, he'll react by either disputing my "evidence" or by saying he's "never heard that."

Hey... I believe him! But there's the paradox! The whole point of this blog is for me to "pass on" facts, stats, and analysis to my readers so that they can make of it what they will and - hopefully - follow up with their own research on particular newsbites and essays which they find especially interesting - regardless of whether their interest is to verify or disprove!

Anyway... enjoy!


5 comments:

William R. Barker said...

http://www.businessinsider.com/al-qaida-terror-threats-state-department-travel-warning-2013-8

The State Department has issued a worldwide travel alert because of the threat of terrorist attacks from al-Qaida and affiliated organizations...

* LET ME GUESS: IF SOMETHING HAPPENS... "WE WARNED YOU!" IF NOTHING HAPPENS... "SEE! WE PREVENTED A TERRORIST ATTACK!"

The department said that the alert does not expire until Aug. 31.

* HEY... FOLKS... ALLOW ME - YOURS TRULY, WILLIAM R. BARKER - TO ISSUE AN ALERT FOR SEPTEMBER 2013... PARTICULARLY SEPTEMBER 11, 2013...

* HEY... CAN I BE A HIGHLY PAID GOVERNMENT OFFICIAL...?!?! PLEASE...?!?! PRETTY PLEASE...?!?!

(*SNORT*)

On Thursday, the State Department said it would close "at least" 18 diplomatic posts in the Middle East and surrounding areas because of the threats.

On Friday, it confirmed it would close 21 posts in the region.

(*JUST SHAKING MY HEAD*)

* IF WE DON'T HAVE 21 PEOPLE COMPETENT TO RUN SECURITY AT THESE 21 DIPLOMATIC POSTS... WHAT DOES THAT SAY...???

William R. Barker said...

http://www.thegatewaypundit.com/2013/08/breaking-obama-administration-is-hiding-benghazi-survivors-dispursing-them-around-the-country-and-changing-their-names-video/

Rep. Trey Gowdy (R-SC) was on [Fox News] with Greta Van Susteren Thursday to discuss the Obama scandals.

This came after Jake Tapper at CNN broke the news that there were “dozens” of CIA operatives on the ground in Benghazi on 9-11 when the consulate came under attack and the agency is going to great lengths to make sure whatever it was doing, remains a secret.

Gowdy told Greta the Obama Administration is hiding the survivors, dispersing them around the country, AND changing their names.

* THAT CAPITAL "AND" IS CAPITALIZED IN THE ORIGINAL!

“Including changing names, creating aliases."

(*PAUSE*)

* GOWDY CONTINUED...

"Stop and think what things are most calculated to get at the truth? Talk to people with first-hand knowledge. What creates the appearance and perhaps the reality of a cover-up? Not letting us talk with people who have the most amount of information, dispersing them around the country and changing their names.”

And, at the same time Obama is hiding the survivors around the country he’s calling Benghazi a "phony scandal."

William R. Barker said...

http://www.zerohedge.com/news/2013-08-02/obamacare-full-frontal-953000-jobs-created-2013-77-or-731000-are-part-time

When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the U.S. was slowly being converted to a part-time worker society.

This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K.

* ONE... MORE... TIME...

...in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K.

* AWW... WHAT THE HELL... ONE MORE TIME...

...in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K.

* SEE... THIS IS WHAT I MEANT IN THE PREVIOUS TWO POSTS... TO UNDERSTAND MSM HEADLINES AND CUT THROUGH THE BULL AND MANIPULATION THAT MOST MSM REPORTERS AND EDITORS WILL ATTEMPT YOU'VE SIMPLY GOT TO KNOW STUFF LIKE THIS! YOU'VE GOT TO KNOW THE DOTS IN ORDER TO CONNECT THE DOTS!

In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were... not.

* YOU'RE READING THIS - RIGHT?

What is worse, however, is when one looks at job creation broken down by "quality" in all of 2013. The chart below does the bottom line some justice:

* CLICK ON THE ABOVE SUPPLIED LINK TO SEE THE CHARTS...

But what really shows what is going on in America - at least in 2013 - is the following summary: of the 953K jobs "created" so far in 2013, only 23%, or 222K, were full-time. Part-time jobs? 731K or 953K of total.

Source: Part-Time and Full-Time and BLS

* GEEZUS...

William R. Barker said...

http://washington.cbslocal.com/2013/08/02/poll-record-number-21-million-young-adults-living-with-parents/

A record number of young adults are living with their parents.

A new study from Pew Research finds that 36% of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. (The number rose from 32% at the beginning of the Great Recession in 2007 and 34% in 2009.)

* PROGRESS...?

A record 21.6 million young adults were still living at home last year.

* CHANT IT WITH ME, FOLKS... O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A!

“Most of my friends that have graduated end up living back home because even if they have a job; they can’t afford to pay rent and pay back their loans at the same time,” Stephanie Levonne, a 20-year-old college student living at home, told CBS News.

(*CLAP...CLAP...CLAP*)

“I know a lot of people that took out almost half or more of their tuition in loans which is $50,000 so it’s impossible to pay rent and live in New York City while paying off your loan.”

* THIS IS INSANITY. MARK MY WORDS... HUGE SEGMENTS OF STUDENT LOANS WILL BE "FORGIVEN" BY THE GOVERNMENT... VIA TAXPAYER BAILOUT. AND THE COLLEGES THEMSELVES AND THEIR HIGHLY PAID TOP PEOPLE AND TENURED PROFESSORS...? THEY'LL CONTINUE LIVING THE DREAM!

[A mere] 63% of Millennials had jobs in 2012 - down from 70% in 2007.

* OH, YES... THE HORROR OF THE BUSH YEARS...

(*SNORT*) (*SPITTING ON THE GROUND*)

The study also found that the number of 18- to 24-year-olds who were enrolled in college rose from 35% in March 2007 to 39% in March 2012 and that the number of Millennials dropped to 25% last year from 30% in 2007.

The Labor Department released its latest job report Friday, showing the economy added 162,000 jobs last month...

* FOLKS... A DISMAL NUMBER... AND THEN WHEN WE SEPARATE OUT PART-TIME FROM FULL-TIME...

(*SIGH*)

William R. Barker said...

http://www.aei-ideas.org/2013/08/wheres-that-5-unemployment-rate-obama-promised-by-now/

[T]he July jobs report...is just another dismal data point in America’s “new normal” [so-called] "recovery." But it’s also an important milestone and metric for judging the Keynesian fiscal experiment known as Obamanomics.

In January 2009, Team Obama economists put together a report – half quantitative analysis, half sales pitch — outlining the potential economic impact of the proposed $800 billion stimulus. If Congress passed the plan, the report forecasted, the economy would generate enough additional demand, output, and employment that two big things would happen:

First, the unemployment rate would never reach 8%. (Unfortunately, we hit 10% unemployment in October 2009. Failure number one.)

Second, the unemployment rate would return to its long-term “natural rate” of 5% by July 2013... Labor markets would be back to peak health.... The Great Recession would truly and finally be over.

* OOPS!

Of course, we now know conclusively that this prediction — based as it was on the pixiedust magic of Keynesian fiscal multipliers — was a total failure, one even beyond what the July job numbers suggest.

This is important: Obama economists assumed the unemployment rate would return to 5% even without a stunning collapse in labor force participation. Why? Government stimulus would reignite the private economy, causing a return to 4% GDP growth or higher, growth not seen since the late 1990s.

In August 2009, the White House predicted GDP would rise 4.3% in 2011, followed by 4.3% growth in 2012 and 2013, too. In its 2010 forecast, the White House said it was looking for 3.5% GDP growth in 2012, followed by 4.4% in 2013. In its 2011 forecast, the White House predicted 3.1% growth in 2011, 4.0% in 2012, and 4.5% in 2013.

* WRONG... WRONG... WRONG...

In fact, the economy has only grown at half that pace during the recovery; even slower over the past year.

And once you take that labor force decline into account, adjusted for the aging of the U.S. population, the “real” unemployment rate is between 9% and 10% while the combined unemployment/underemployment number is 14.0%.

* FOLKS... UNDERSTAND THE FOLLOWING:

As a recent report from the Century Foundation calculates it, almost the entire decline in the unemployment rate during this recovery was because of declining labor force participation rather than increased labor demand.

* ONE... MORE... TIME...

[A]lmost the entire decline in the unemployment rate during this recovery was because of declining labor force participation rather than increased labor demand.

* PERHAPS WORST OF ALL... (READ ON!)

[T]here is no sign yet that Obama is reevaluating the notion that higher taxes and more government "investment" is the path to American prosperity, or acknowledging that uncertainty about ObamaCare might be slowing the creation of full-time jobs.

(*SIGH*)