tag:blogger.com,1999:blog-21297199.post2491903026509555696..comments2024-03-28T21:41:52.558-04:00Comments on The Elephant Bar: Total global credit rose from $80 trillion in 2000 to $210 trillion todayDeuce ☂http://www.blogger.com/profile/13472858446242700869noreply@blogger.comBlogger101125tag:blogger.com,1999:blog-21297199.post-14983772810999294662011-10-31T10:40:44.890-04:002011-10-31T10:40:44.890-04:00.
And, here's a statistic you can't get a....<br /><br /><i>And, here's a statistic you can't get away from.</i><br /><br />Even further from the point; however, from the number of posts you have put up on this this subject on this and the previous stream, I would say it was adequately covered.<br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-4100799487173434972011-10-31T10:38:04.847-04:002011-10-31T10:38:04.847-04:00.
I bet you, though, that those that are leaving ....<br /><br /><i>I bet you, though, that those that are leaving the Ivied Halls with a Sheepskin with the word "Engineering" somewhere upon it, or some combination of the words "Computer, Software, Graphics, Design, etc, are, overwhelmingly, going straight to income valhalla.</i><br /><br /><br />1. This has little to do with the subject at hand.<br /><br />2. I have been spouting and bemoaning the meme that has been going around lately that business is not hiring because their are not enough IT, Math, and Science majors for the job.<br /><br />Then a while back I saw an article with some numbers that said the meme doesn't cover the entire story.<br /><br />One, admittedly of a number of, reasons these businesses aren't luring in the candidates is that in today's environment they are unwilling to pay them sufficient wages to attract them.<br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-32041024151427882952011-10-31T03:02:41.242-04:002011-10-31T03:02:41.242-04:00And, here's a statistic you can't get away...And, here's a statistic you can't get away from. Diesel (home heating fuel) is Up <b>25%</b> from last year. $3.09 to $3.87.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-75855626107172426082011-10-31T02:54:57.754-04:002011-10-31T02:54:57.754-04:00Через поиск [url=http://ecsoclip.ru/ ]клипы скачат...Через поиск [url=http://ecsoclip.ru/ ]клипы скачать [/url]. С каждый страницы Ecsoclip.ru дозволено перейти к любому клипу [url=http://ecsoclip.ru/tag/selena-gomez/ ]selena gomez клипы осматривать [/url], размещенному ради сайте, одним единственным щелчком [url=http://ecsoclip.ru/tag/selena-gomez/ ]скачать клипы селены гомес [/url]. Для этого будет воспользоваться «живым» поиском, расположенным в правом верхнем углу. Наберите одно вокабула из названия песни, имя группы аль исполнителя, и вы увидите список совпадений [url=http://ecsoclip.ru/tag/serebro/ ]клипы серебро онлайн [/url], [url=http://ecsoclip.ru/tag/nyusha/ ]нюша онлайн клипы [/url], [url=http://ecsoclip.ru/tag/potap/ ]глядеть клипы потапа [/url], [url=http://ecsoclip.ru/tag/nastya-kamenskix/ ]смотреть клипы насти каменских [/url]. Щелкните пропорционально нужной строке – и вы для странице клипа. Нажмите для буква в середине – и вы получите список всех клипов этого исполнителя неужто группы, которые в славный момент дозволительно посмотреть и скачать для сайте. Попробуйте! (Само собой, коль вы хотите посмотреть безвыездно результаты, поиск также работает сквозь нажатие кнопки ввода) <br />Применительно алфавиту. Обыкновенный щелкните по первой букве в названии группы разве исполнителя, которого вы ищете, и найдите его в списке. <br />Соответственно жанру. Вы можете пролистать клипы в интересующей вас категории, воспользовавшись таблица слева.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-21297199.post-27598138843336873752011-10-31T02:50:20.462-04:002011-10-31T02:50:20.462-04:00Yes, it probably is - at least for awhile. Let...Yes, it probably is - at least for awhile. Let's face it; if you have a new degree "University Studies," it might be slow sledding for awhile.<br /><br />I bet you, though, that those that are leaving the Ivied Halls with a Sheepskin with the word "Engineering" somewhere upon it, or some combination of the words "Computer, Software, Graphics, Design, etc, are, overwhelmingly, going straight to income valhalla.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-39966108922733092192011-10-31T02:42:57.656-04:002011-10-31T02:42:57.656-04:00.
But, as the data shows, the situation was very ....<br /><br /><i>But, as the data shows, the situation was very similar after the 2001 Recession</i><br /><br />And the WSJ article goes back at least to 1981-1982 and tells the same story. The differences, 30 years of escalating college costs, higher student loan blances, and as we have discussed, this ain't your average recession. But it is possibly the "new normal" with regard to unemployment.<br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-28446196604141541302011-10-31T02:27:26.007-04:002011-10-31T02:27:26.007-04:00.
And stop picking on my buddy Ron.
..<br /><br />And stop picking on my buddy Ron.<br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-83783837006109863002011-10-31T02:23:09.430-04:002011-10-31T02:23:09.430-04:00My link was better; and I beat you to it. :)
But...My link was better; and I beat you to it. :)<br /><br />But, as the data shows, the situation was very similar after the 2001 Recession.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-82454556539383587412011-10-31T02:19:22.756-04:002011-10-31T02:19:22.756-04:00.
I pulled the first four that showed up on Googl....<br /><br />I pulled the first four that showed up on Google under "unemployment rate for recent college graduates". <br /><br />Even though it was from back in 2009, I put up the last one from the WSJ because it kind of gives a history of what happens to new graduates during recessions.<br /><br /><i>Unemployment as of March 2010 according to the BLS stands at 9.7%, which translates into 15 million Americans without jobs. The BLS has broken the statistics down even further. For adult men, unemployment is 10%. For adult women, it is 8%. For teenagers, unemployment is an astounding 26.1% (the highest ever recorded for the demographic), but what about recent college graduates. 80.3% will graduate college this year without a job or roughly, 1 million will be jobless.<br /><br />ABCnews.com has reported unemployment for 16-24 year olds is 18.9% a slight decrease from its historic high of 19.2% in September 2009. Giving that only 20.7% of recent college graduates will graduate with a job this year, the number does not accurately portray unemployment trends. Since the federal government does not gather data on recent college graduates, it is hard to find and accurate number on recent college graduate unemployment. In reality since 80.3% will not find a job this year, an increase of 29.3% from 2007, unemployment for recent college graduates is almost 30%.<br /><br />But even that number fails to account for recent college graduates working in a field below their education level and earnings potential.<br /> <br />Nearly 18% of 18-24 year olds are living below the national poverty line. As a result many recent college graduates have or will be forced to move back home. Working in low paying jobs as cashiers, waiters etc. many are no better off than they were four years ago. Except now, they have accumulated an average debt of $22,000.<br /><br />Studies show their suffering will not be short term...</i><br /><br /><a href="http://www.examiner.com/history-in-newark/a-dismal-outlook-recent-college-graduates-and-the-job-market" rel="nofollow">A Dismal Outlook: Recent College Graduates and the Job Market</a><br /><br /><br /><a href="http://www.nytimes.com/2011/05/19/business/economy/19grads.html" rel="nofollow">Many With New College Degree Find the Job Market Humbling</a><br /><br /><br /><a href="http://newsfeed.time.com/2011/05/10/survey-85-of-new-college-grads-moving-back-in-with-mom-and-dad/#ixzz1cKvOiF00" rel="nofollow">Survey: 85% of New College Grads Move Back in with Mom and Dad</a><br /><br /><br /><a href="http://online.wsj.com/article/SB124181970915002009.html" rel="nofollow">The Curse of the Class of 2009</a><br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-60297729666502918662011-10-31T02:17:46.746-04:002011-10-31T02:17:46.746-04:00Evidently, the 2001 Recession was very similar (at...Evidently, the 2001 Recession was very similar (at least for recent graduates.)Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-77253526162511027912011-10-31T02:16:03.463-04:002011-10-31T02:16:03.463-04:00Don't say I never gave you anything. :)Don't say I never gave you anything. :)Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-79522270679985448012011-10-31T02:15:38.281-04:002011-10-31T02:15:38.281-04:00Well, I'll be danged. Here is a study that ba...Well, I'll be danged. Here is a study that backs up what you've been saying, Q.<br /><br /><a href="http://www.frbsf.org/publications/economics/letter/2011/el2011-09.html" rel="nofollow">Tough Times for Recent Graduates</a>Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-84182078269682713382011-10-31T02:00:46.576-04:002011-10-31T02:00:46.576-04:00I would keep in mind that, unfortunately, quite a ...I would keep in mind that, unfortunately, quite a few of the "for profit" schools are little better than scams.<br /><br />There are people "graduating" from culinary schools with $35, and $40 Thousand debts that are hardly qualified for a job at Denny's.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-56547192104165162652011-10-31T01:51:44.009-04:002011-10-31T01:51:44.009-04:00Q, I haven't seen any "actual numbers&quo...Q, I haven't seen any "actual numbers" that support the assertion that recent college graduates are having a hard time finding jobs.<br /><br />If you have, I'd appreciate seeing them.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-6635680412383642122011-10-31T01:50:18.570-04:002011-10-31T01:50:18.570-04:00.
From a previous blog stream while citing certai....<br /><br />From a previous blog stream while citing certain statistics, Rufus asked:<br /><br /><i>Doesn't that tell you anything?</i><br /><br />And while I didn't respond, I thought, "Yea, it tells me picking the right statistics you can pretty much 'prove' anything you want."<br /><br />Unfortunately, the source Rufus cited didn't address the subjects I covered in my post which were the rising cost of education in the country, the reasons for that rise, the fact that a growing number of kids are getting in trouble on student loans, and the possible student loan bubble that is building. <br /><br />The BLS statistics talk to a breakdown of the current unemployemnt numbers. It doesn't break out graduates who graduated 30 years ago from those who graduated last June. Likewise, it doesn't address the reasons that a college education is rising in cost 50% faster than healthcare and that it is rapidly becoming too expensive for the middle class.<br /><br />In a September article in the NYT, it was pointed out that the share of federal student loan defaults rose sharply last year, especially at for-profit colleges and universities, where 15 percent of borrowers defaulted in the first two years of repayment, up from 11.6 percent the previous year. (I seem to recall the overall default rate was around 7% in 2008.)<br /><br />The BLS statistics also do not address the fact that in todays job market even with a college degree it's tough finding a job, and when you do get a job it is often part-time, not in your field, or paying substantially less than you expected. Add to this the 'average' student loan of a graduate (somewhere around $25k as I recall) and kids have a hard time meeting their obligations.<br /><br />If the employment rate doesn't pick up and costs keep rising for education it could result in rising defaults on student loans.<br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-40174539127738282082011-10-31T01:48:12.223-04:002011-10-31T01:48:12.223-04:00The trend I don't like Sam is the "part-t...The trend I don't like Sam is the "part-time for Economic Reasons."<br /><br />It's up 874,000 in two months. Maybe it's just a "seasonal" thing, but I'm leery.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-48920222131461512582011-10-31T01:43:25.545-04:002011-10-31T01:43:25.545-04:00This comment has been removed by the author.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-71304797915291610532011-10-31T01:36:34.542-04:002011-10-31T01:36:34.542-04:00.
Ron Paul is a Crank.
Does nothing to change m....<br /><br /><i>Ron Paul is a Crank.</i><br /><br /><br />Does nothing to change my point that if he does run as a third party candidate all bets are off in 2012, not because he would have a chance for the presidency but for what he would do to or for the other players.<br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-62263766017523502042011-10-31T01:31:51.859-04:002011-10-31T01:31:51.859-04:00This comment has been removed by the author.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-46312404408362708712011-10-31T00:38:29.463-04:002011-10-31T00:38:29.463-04:00Ron Paul running 3rd party is only going to peel v...Ron Paul running 3rd party is only going to peel votes off of Romney and you'll end up with Obama II.<br /><br />That unemployment trend line is down overall. Nice looking direction.samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-43314881524175414582011-10-31T00:28:22.237-04:002011-10-31T00:28:22.237-04:00The thing is: If you scroll down to Household Dat...The thing is: If you scroll down to Household Data - A4 you find that <br /><br />Unemp. Rate for 4 yrs. College <b>4.2%</b><br /><br /><br />Unemp. Rate for H.S. Grad <b>9.7%</b><br /><br />And, "lifetime earnings?" You don't even want to go there.<br /><br />Ron Paul is a Crank.<br /><br /><a href="http://www.bls.gov/news.release/pdf/empsit.pdf" rel="nofollow">BLS Data</a>Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-38417156246099622502011-10-31T00:21:54.234-04:002011-10-31T00:21:54.234-04:00.
Clinton credited with key role in success of NA....<br /><br /><b>Clinton credited with key role in success of NATO airstrikes, Libyan rebels</b><br /><br />They say history is written by the winners.<br /><br />The following article credits Hillary with initial scepticism over the Libyan adventure followed by brilliant diplomacy to hold the NATO alliance together. <br /><br /><a href="http://www.washingtonpost.com/world/national-security/hillarys-war-how-conviction-replaced-skepticism-in-libya-intervention/2011/10/28/gIQAhGS7WM_story.html" rel="nofollow">HILLARY!!!</a><br /><br />The article cites a European diplomat and a State Department official, both unnamed, for the background on the story.<br /><br />I say the story is pure bullshit. I still feel the only reason we went into Libya was because Hillary screwed up in Egypt and was looking for some kind of redemption to show she was still a player.<br /><br />I am not going to go back looking for the stories but at the start of the whole Libya thing there were reports that Obama was the reluctant warrior and Hillary had to push him into war. She and the UN ambassador, forget her name, were the real hawks in the administration, Gates was against it.<br /><br />Obama hasn't gotten much of a bumb out of Libya and it sounds as if the whitewash has begun.<br /><br />IMHO<br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-74765949408659188562011-10-30T23:55:38.119-04:002011-10-30T23:55:38.119-04:00.
USA Today cites a Federal Reserve report that s....<br /><br /><i>USA Today cites a Federal Reserve report that shows student loan debt has now exceeds credit card debt, mainly because students and workers are taking advantage of federal loan programs to build new careers.<br /> <br />Outstanding student loans will exceed $1 trillion this year, while more than $100 billion was taken out in loans last year. The average loan was $4,963 last year, up 63 percent, adjusting for inflation, from a decade ago.</i><br /><br /><br /><br />Student loans, the next bubble ready to burst.<br /><br />We have been telling kids they <i>'have to'</i> get a college education regardless of the cost if they want to get by with a resonable chance to live comfortably.<br /><br />The government and private companies have made student loans readily available. The colleges see the money readily available to students and budget accordingly. This is one of the main drivers in the rising cost of an education.<br /><br />Result: We speak of the increased cost of healthcare. Actually, while the general cost of living over the past 30 years has hovered at a little over 3%, healthcare has risen around 6%, and college tuition has been going up at close to 9% per year.<br /><br />A good portion of the young people in OWS have been screaming about the debt they have incurred trying to get an education. <br /><br />This is one of the reasons Ron Paul is against the government student loan program. He sees it as comparable to the easy lending that led to the housing bubble. We convince these kids they need a college education. Make it easy for them to barrow and go into debt. When they come out of school, they have student loans big enough to bury them, and worse yet, can't find a job. <br /><br />With over a $1 trillion in student loan debt outstanding and no jobs so they can pay it back we could soon be looking at another bubble.<br /><br />I hadn't really thought about the connection between the easy money for student loans and the escalation in the cost to go to college until Ron Paul brought it up.<br /><br />If he decides to run as a 3rd Party candidate, it could really shake up the 2012 election.<br /><br />.Quirkhttps://www.blogger.com/profile/00272168240606512672noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-89818825355819286282011-10-30T23:29:20.779-04:002011-10-30T23:29:20.779-04:00Believe it or not (and, I wouldn't blame you i...Believe it or not (and, I wouldn't blame you if you didn't,) we not only are a net energy "Exporter" to Brazil, but we probably will be in Ten years, also.Rufus IIhttps://www.blogger.com/profile/05297231055991566183noreply@blogger.comtag:blogger.com,1999:blog-21297199.post-72208778233907149312011-10-30T23:11:36.917-04:002011-10-30T23:11:36.917-04:00Australian business traveler Graeme Yeatman sided ...<i>Australian business traveler Graeme Yeatman sided with the airline, even though he was also trying to find a new flight home to Sydney on Sunday after his flight was canceled.<br /><br />...<br /><br />The airline infuriated unions in August when it said it would improve its loss-making overseas business by creating an Asia-based airline with its own name and brand. The five-year restructure plan will cost 1,000 jobs.<br /><br />Qantas said in August it had more than doubled annual profit to AU$250 million but warned that the business environment was too challenging to forecast earnings for the current fiscal year.</i>samhttps://www.blogger.com/profile/11856051164644278989noreply@blogger.com