US In Recession Already

I would like to propose a new definition of being in a recession. I think it's much more accurate in describing economic woes.

Your economy is in a recession any time the unemployment rate rises above 7% or the workforce falls below 75% of people who want to have full time jobs for more than 6 months in a row.

Also: Your economy is in a depression any time unemployment rises above 8% or the workforce falls below 70% of the people who want to work full time jobs for more than 1 year.

We have been in a depression by my definition for at least 3 years. EVERYTHING Obama's government is doing makes it worse in the long run.
I think the Fed action is political in design. Everyone in the lower echelons of the economy knows damn well we are in a depression. They know this QE3 thing isn't going to benefit them one whit, but they see the stock market rising while everything else is going to Shiite. This will only increase resentment of achievers, which helps the dems, or at least that's the calculation. Macroeconomists labor under the misconception that economics is largely psychological, and that the psychology of market participants can be manipulated. But does the ability to make the Dow go up a few hundred points because of the psychology of a few hundred traders really have an impact on it as a whole? Not any more.

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Recession strengthens case against assisted suicide, MPs say Telegraph.co.uk Almost six out 10 members of the Commons share concerns that people with disabilities or long-term illnesses would be more likely to feel that they were a “burden” to their loved ones during a recession. And despite high profile cases such as that of... See all stories on this topic » Telegraph.co.uk

Are Business Degrees Recession-proof? Forbes The 2008 recession has managed to produce many economic casualties, from displaced homeowners to major bankruptcies and from a deep loss of consumer confidence to a pesky rate of long-term unemployment. The United States Bureau of Economic ... See all stories on this topic »

Dow ends trading at pre-recession level Chicago Daily Herald NEW YORK — The stock market rose again Friday because of economic help from the Federal Reserve. But even some of the buyers weren't believers. The Dow Jones industrial average hit its highest close since the pre-crisis days of November 2007. See all stories on this topic »

Politics Counts: The Public Sector Recession Wall Street Journal (blog) But if you split the numbers differently, they actually look much worse. America's public sector is still in a recession. In August 7,000 public sector jobs were lost and that follows 9,000 public sector jobs that were lost in July. Local government ... See all stories on this topic » Wall Street Journal (blog)

3 Of Us Agree That This Is A Recession Business Insider Ironically, two consecutive horrendous household surveys following months of weak regional Fed manufacturing surveys was enough for me to say on September 7, 2012 Yes, Virginia, It's aRecession. Quick Notes About the Unemployment Rate ... See all stories on this topic »

Obama's record on job creation: How good or bad? Christian Science Monitor The evidence, viewed through the lens of history and expert analysis, arguably points to a presidency that helped to jump-start a rebound from deep recession – but that perhaps could have achieved more to bring down unemployment. RECOMMENDED: ... See all stories on this topic » Christian Science Monitor

US In Recession Already Town Hall US In Recession Already. Mike Shedlock. Tweet. Sign-Up. Click Here! Next · 2. 1. View Full Article. Mike Shedlock. Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management. Most Recent Articles. Morales hits ... See all stories on this topic »

All systems go as Direct Line defies recession in £3bn float The Independent Direct Line yesterday defied the ongoing recession, nervy stock market conditions and the continuing eurozone crisis to press the button on a £3bn flotation that it hopes will attract investment from small-time punters. The insurer owned by Royal Bank ... See all stories on this topic »

UK recession "now bites high earners" MENAFN.COM UK recession "now bites high earners" Join our daily free Newsletter. MENAFN - Kuwait News Agency - Arabic - 15/09/2012. No. of Ratings : 0. Digg This Article: http%3a%2f%2fwww.menafn.com% · Share This Article: http%3a%2f%2fwww.menafn.com% ... See all stories on this topic »

IBM Boosts Cloud Initiative with zEnterprise EC12 Mainframe Server

Faced with declining sales for several large systems, IBM decided to advance the timing slightly to launch its new mainframes. The zEnterprise EC12 mainframe is designed for securing large volumes of transactions and data analysis ideal for cloud computing and big data.

The mainframe zEC12 promises 25% better performance per core and 50% more capacity compared to its predecessor (the zEnterprise 196). IBM presents its platform as full of safety features, including the Crypto Express4S co-processor for the protection of sensitive data and transactions. With security strategy deployed on its mainframe, IBM is the first manufacturer to obtain the Common Criteria Evaluation Assurance Level classification.

The mainframe offers a 30% improvement in data load analysis in relation to the zEnterprise 196, IBM technologies with real-time monitoring of system status and rapid identification of bottlenecks using IBM zAware. IBM said the mainframe has the world’s fastest chip running at 5.5 Ghz and 50% more total system capacity.

IBM Looks to the Cloud

The main development is focused on security while designing the mainframe. With the Internet and cloud computing, security of data has become a priority. And it is not large IBM mainframe customers, especially the financial sector, which requires greater security. The mainframe is thus ideal for managing cloud computing/virtualization in scale of thousands of distributed systems.

IBM has also made sure that the zEC12 does not necessarily work for datacenter environments, promising more flexibility for the site in order to attract new customers not necessarily with facilities like data centers.

In addition, mainframes support a significant amount of data in most large companies. As these companies face the growth of data, looking for ways to increase security and gain insights from critical information such as financial data, customer data and resource data of companies.

As a part of the cloud initiatives, the company recently announced a wide range of improvements in performance and efficiency of their storage systems and technical systems called Smarter Computing and released lower cost cloud products and services.

Big Data Analysis Capabilities

The mainframe supports the IBM DB2 Analytics Accelerator, which incorporates the Netezza data warehouse appliance to IBM zEC12 that allows customers to perform complex business analysis and operations on the same platform.

It also provides analysis capabilities of computer systems based on technology from IBM Research. The system Analyzes internal messaging system to provide near real-time view of the health of the system, including potential operational problems.

The mainframe virtualization capabilities make it a strong alternative to support private cloud environments. Customers can consolidate thousands of distributed systems in Linux zEC12, lowering operating costs associated with technology, power consumption, space in the datacenter and software licenses.

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Five cloud computing tips for SMBs Techgoondu You've read countless case studies of how small and medium-sized businesses (SMBs) have turned to cloud computing to raise productivity, improve customer service and stay ahead of the competition. But is your company ready to jump onto the bandwagon ... See all stories on this topic » Techgoondu

Gartner Highlights 5 Common Misconceptions About Private Cloud IT News Online According to Gartner Inc., the ongoing hype around private cloud computing is creating misperceptions about private cloud. To help reduce the hype and identify the real value of privatecloud computing for IT leaders, Gartner has highlighted five ... See all stories on this topic »

Cloud Computing: Terrible or Terribly Misunderstood? GovExec.com For all the talk we hear about cloud computing, only 24 percent of the 548 respondents felt cloud computing was of high quality, and even fewer, just 15 percent, said they used it on a regular basis. On the flip side, nearly 80 percent of federal ... See all stories on this topic »

Navigating the Politics of the Cloud E-Commerce Times People's political leanings and their opinions about cloud computing are remarkably similar. In the corporate world, problems like Big Data and global competition are too critical to ignore. Instead, these issues are encouraging enlightened corporate ... See all stories on this topic »

Engineering India: Rebooting innovation in cloud, mobility Rediff Technology is triggering a shift in the way people and organisations interact, especially with the advent of cloud computing, virtualisation and mobility. In addition, the growth of digital devices and all time access to information is contributing to ... See all stories on this topic » Rediff

Github: database migration sparked outages GigaOM Github's planned migration to a new 3-node MySQL cluster didn't go as planned, resulting in outages Monday and Tuesday. In addition, Github's status site, which runs on Heroku, had its own problems, acccording to a Github post-mortem published Friday. See all stories on this topic » GigaOM

IBM Boosts Cloud Initiative with zEnterprise EC12 Mainframe Server CloudTimes (blog) With the Internet and cloud computing, security of data has become a priority. And it is not large IBM mainframe customers, especially the financial sector, which requires greater security. The mainframe is thus ideal for managing cloud computing ... See all stories on this topic »

Google forces Acer to cancel smartphone launch CIOL Acer and Alibaba's cloud computing unit had planned to launch the Acer CloudMobile A800 smartphone, using Alibaba's mobile operating system, Aliyun, in Shanghai on Thursday afternoon. But when journalists showed up for the event they were not ... See all stories on this topic »

Recession Continues to Hammer Local Construction Industry

Leaders of the local construction industry say the hard times that began in 2008 are continuing — with the unemployement rate among skilled laborers hovering between 20 and 25 percent.

“I think it’s been absolutely devestating,” said Jeff Abousie, Executive Secretary-Treasurer of the St. Louis Building and Construction Trades Council, “People have had to learn how to work out of town. People are taking those skills, and they’re going outside this region to work.”

Abousie says there are some local projects on the horizon. He cited the planned expanion of the GM plant in Wentzville, possible construction of the Emerald Automotive factory in Hazelwood, expansion of Mercy hospital and BJC. But there are no major plans for major office construction, as the area remains glutted with vacant office space.

“It’s not enough,” he said, “to put everyone back to work.”


Bill Brown, President and CEO of Ben Hur Construction
Echoing those concerns, Bill Brown, President CEO of Ben Hur Construction, says there’s a “wait and see” attitude about what might happen after the presidential election.

“Some folks would prefer a Republican adminstration just because of the regulations more friendly to the construction industry,” Brown said. Others, he noted, want to stay the coarse with the current adminstration because of it’s emphasis on green construction projects.

The Federal Reserve announcement that more money will be pumped into the economy was met with approval by those in the crowd.

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Obama's "Recovery" Worse Than the Recession By Tim Cavanaugh, Reason When this column was written, the smart money was once again saying that the bad times were behind us. “Nearly seven years after the housing bubble burst, most indexes of house prices are bending up,” David Wessel wrote in The Wall ... RealClearPolitics - Homepage

ECRI: “We Do Believe we are in Recession” | PRAGMATIC ... By Cullen Roche The ECRI is sticking to their recession call. The research firm with an excellent track record of forecasting recessions says the recent data does not mean. PRAGMATIC CAPITALISM

Since Recession's End, American Incomes Fall Most Since Great ... By Max Keiser and Stacy Herbert If, since the end of the recession, incomes fell more than during the recession, wouldn't that then mean that the recession never ended? This seems pretty straight-forward logic. So, why the false sense of recovery that is purported through an ... Max Keiser and Stacy Herbert

Recession Continues to Hammer Local Construction Industry « CBS ... By Kevin Killeen ST. LOUIS--(KMOX)--Leaders of the local construction industry say the hard times that began in 2008 are continuing -- with the unemployement rate among skilled laborers hovering between 20 and 25 percent. CBS St. Louis

Analyzing The ECRI Recession Call - Wall Street - eWallstreeter Sep 13, 2012 Lance Roberts This morning Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, visited with Tom Keene on Bloomberg TV to discuss his ongoingrecession call for the U.S. Achuthan has taken ... eWallstreeter

Delta Subsidiary Cuts 63 Jobs at Buffalo Airport

Delta Subsidiary Cuts 63 Jobs at Buffalo Airport
Aviation

Regional Elite Airline Services, a Delta Air Lines subsidiary that provides various customer service services for Delta's regional carrier flights, has filed a WARN notice with the state indicating its 63 workers at Buffalo Niagara International Airport will lose their jobs by year's end.

The company is also cutting 51 jobs at Greater Rochester International Airport.

Earlier this year, Delta told Regional Elite it would move the work it does to other providers.

Delta Subsidiary Cuts 63 Jobs at Buffalo Airport WGRZ-TV ... Elite Airline Services, a Delta Air Lines subsidiary that provides various customer service services for Delta's regional carrier flights, has filed a WARN notice with the state indicating its 63 workers at Buffalo Niagara International Airport ... See all stories on this topic » WGRZ-TV

US airline cuts pay to duck bankruptcy Morning Star Online The judge gave the airline permission last week to throw out the pilots' old contract and impose its own working terms after pilots rejected a company offer. AA hopes to cut its annual wage bill by about $1 billion (£620m) with the changes. The airline ... See all stories on this topic »

American Airlines gives unions timetable for contract cuts Bizjournals.com “Where these plans involve the outsourcing and job reductions announced previously, Worker Adjustment and Retraining Notification Act (WARN) notices will be mailed to those who may be affected,” Lynn said. Page 1; 2. |View All. Matt covers ... See all stories on this topic »

 

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