CentralMass
CentralMass's JournalMedias Touch - Trump GRANTED ASYLUM to DC SHOOTER in APRIL!!
?si=CDR4ITNijGjsOC5-'Yikes': Top investment bank looks under the hood of the economy and finds 'the labor market doesn't look that good'
Fortune
Yikes: Top investment bank looks under the hood of the economy and finds the labor market doesnt look that good
Nick Lichtenberg, Eva Roytburg
Mon, November 10, 2025 at 8:29 AM PST 6 min read
https://finance.yahoo.com/news/yikes-top-investment-bank-looks-162906862.html
"A leading investment bank has delivered an arresting diagnosis of the U.S. economy: the labor market, long a pillar of resilience, may be in real trouble. In their latest economic outlook, UBS economists led by Jonathan Pingle painted a picture of mounting weakness that extends well beyond headline job numbers, warning of a growing risk to households and the broader recovery.
The latest US Economics Weekly note from the Swiss investment bank came with bated breath ahead of the impending end of the federal government shutdown. Economists and market-watchers have been deprived of federal economic data for over 40 days, something that former Bureau of Labor Statistics commissioner Erica Groshen likened to flying blind in late October. If the government does reopen, Pingles team said it expects jobs data for September to be released next week, and potentially the October inflation report, the Consumer Price Index.
Economists need that data now more than ever. For much of the year, top economists, including Fed Chair Jerome Powell, have said were in a low hire, low fire jobs market. For much of the year, employers were laconic in hiring, and seemed afraid to fire their workers; perhaps still wounded from the pandemic-era Great Resignation. UBS isnt alone on Wall Street in worrying that, maybe the low-fire part of the equation isnt quite true anymore.
Now, there are plenty of available workers that, on the whole, businesses probably dont feel the need to hold on to workers for longer than necessary, Veronica Clark, a Citigroup Inc. economist, told Bloomberg.
Meanwhile, Dan North, senior economist at Allianz Trade Americas, also told Bloomberg that youve got a substantial number of well-established companies making pretty big head cuts.
People are getting laid off and not hired again
Firing is running higher than advertised, UBS argued, citing the fact that unemployment insurance claims, layoff announcements and WARN notices have all been running ahead of the pre-pandemic pace. Even the lagged Business Employment Dynamics data, the gold standard of data on job creation and job destruction dynamics has been showing the pace of job loss at or above the pre-pandemic pace through the latest data.
Senate votes to confirm Tulsi Gabbard as director of national intelligence
https://www.cnn.com/2025/02/12/politics/tulsi-gabbard-confirmation-vote-senate/index.htmlI dropped Xchitter.
It is your choice. I don't like the way the guy treats his employees for starters.
I stopped watching Fox back during the 2008 Primary. When I had cable I even blocked it on my cable box. I tend to boycott businesses when their business practices offend me. Musk himself is offensive.
He has plans of turning twitter into a one stop online shop where we will all be buying and selling everything from content to product and will have a money sharing service like Venmo etc.
Will I trust a vindictive thin skinned narcissistic character with my personal and financial information ? No.
There are alternatives to twitter.
Paid leave falls out of Democratic package in urgent scramble to secure Manchin's support
https://www.cnn.com/2021/10/27/politics/paid-leave-falls-out-of-biden-agenda/index.html" (CNN) Democrats are expected to scrap paid family and medical leave from their cornerstone economic and climate package, discarding one of the central planks of President Joe Biden's proposal as they scramble to strike a deal with holdout senators, according to multiple people familiar with the talks.
The plan's survival has been in question for several days due to objections from Sen. Joe Manchin, a West Virginia Democrat. Biden's initial 12-week proposal was scaled back to four weeks in an effort to secure Manchin's support. That was rejected, leading to an effort by New York Democratic Sen. Kirsten Gillibrand that attempted to find a compromise with Manchin.
That has not succeeded, one of the people said, prompting Democrats to push it out of the package as they seek to scale back the proposal's overall cost and programs to meet Manchin's demands.
Manchin made clear he would not move when asked about the provision on Wednesday, saying: "I just can't do it."
Linda Ronstadt: The Sound of My Voice
Lawless city?' Worry after Portland police don't stop chaos
https://abcnews.go.com/US/wireStory/lawless-city-worry-portland-police-stop-chaos-80613763"PORTLAND, Ore. -- A crowd of 100 people wreaked havoc in downtown Portland, Oregon, this week smashing storefront windows, lighting dumpsters on fire and causing at least $500,000 in damage but police officers didn't stop them.
Portland Police Bureau officials say that's because of legislation passed by Oregon lawmakers this year, which restricts the tools they can use to confront people vandalizing buildings and causing mayhem"
"The reason that we did not intervene goes back to what we talked about last month with House Bill 2928 and the restrictions placed on us in a crowd control environment, Portland Police Lt. Jake Jensen said in a neighborhood meeting Thursday."
"However there is an exception when the circumstances constitute a riot and if the officer using the chemical incapacitant reasonably believes its use is necessary to stop and prevent more destructive behavior."
"On Tuesday, police say 35 separate locations were targeted including banks, retail stores, coffee shops, and government buildings.
Authorities say although police did not directly intervene, officers did give direction to disperse over a loudspeaker and a Mobile Field Force moved in, at which point the crowd splintered."
From March - newsweek - The United States of Oligarchy Opinion
https://www.newsweek.com/united-states-oligarchy-opinion-1575266"The United States of Oligarchy | Opinion
MARIANNE WILLIAMS
They say the devil is in the details but sometimes the devil is in the big picture.
When it comes to the American political system, the problem is not an instance of dysfunction here or an element of corruption there. It's not just one thing, it's the whole thing. It's that our government has become a system of legalized bribery, as the undue influence of money, mainly corporate money, has corrupted our democracy.
This has created what is for all intents and purposes an economically rigged system. Due to the undue influence of money on our political system, our politicians now do more to serve corporate interests than humanitarian ones, to advocate for short-term profit maximization for huge corporate entities before the health, well-being and security of the American people and the planet on which we live.
Democracy has been under attack in America for a very long time, and at this point it doesn't seem to be winning."
.. more at the link.
(Aerosmith) Dream On - Gabriella Quevedo
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