Cheers

Enough Said

B: "Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 rise in March that was more than initially estimated, Labor Department figures showed today...The participation rate, which indicates the share of working-age [18-65?] people in the labor force, fell to 63.6 percent [so 36.4% out], the lowest since December 1981..."

Meanwhile, financial and technology stocks are way up year-to-date:

Brooks NYT Op-Ed, May 7: "There are several overlapping structural problems. First, there are those surrounding globalization and technological change. Hyperefficient globalized companies need fewer workers. As a result, unemployment rises, superstar salaries surge while lower-skilled wages stagnate, the middle gets hollowed out..."

Tech. stock snapshot, Oct. 8:
Apple $639/share (+)
Microsoft $29/share (-)
IBM $210/share (+)
Google $758/share (+)

All about (more) automation:

 

>> nantucketproject.com

 

Slowing Down?

Corzine: "I Simply Do Not Know..."

John Corzine, Thursday: "I simply do not know where the money is."

Jamie Dimon, Wednesday: "I just don't get it."

Black Friday 2011 (Eye On 2031)

"Former New York Governor Eliot Spitzer; Greg David, director of the business reporting from at the CUNY Graduate School of Journalism and a contributor to Crain's New York Business; Kathryn Wylde, New York Federal Reserve deputy chairwoman and head of the Partnership for New York City; and Jesse LaGreca of #occupywallstreet and the Daily Kos, participate in a dialogue about the issues at the heart of the Occupy Wall Street protests..."

-- http://www.wnyc.org/shows/bl/2011/nov/25/ows-dialog/



Fast-forward to 12:07..."First of all, how do we scientists know what's going to happen 10, 15, 20 years into the future? How can we be so confident?..."