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10-10-2010, 06:09 PM   #1
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The jobs are there (at least some)

QuoteQuote:
A recent study by three economists—Mr. Davis of Chicago Booth, R. Jason Faberman of the Federal Reserve Bank of Philadelphia and John Haltiwanger of the University of Maryland—suggests the job seekers have a point. Using Labor Department data, the economists constructed an estimate of "recruiting intensity," which encompasses various factors that influence how fast employers fill open jobs, such as advertising, pay and the rigor of their screening process.
As of August, the recruiting intensity index stood 14% below the average for the seven years leading up to the recession. The economists estimate that the lack of intensity accounts for about a quarter of the shortfall in hires compared with openings.
At Leggett & Platt Inc., which makes metal parts for bedding and other purposes, Chief Executive David Haffner says his company remains hesitant about any kind of expansion, because it's not clear to what degree demand will snap back. But when it does hire, it's taking more time.
"With more experienced talent on the market in these challenging times, we are utilizing a more rigorous screening and interviewing protocol," says Mr. Haffner. "We feel it is crucial to add 'top graded' talent."That could be good for companies and their shareholders. But it will mean a lot more frustration for the 14.8 million Americans looking for a job.
Employers Slow to Fill Job Openings - WSJ.com

QuoteQuote:
Economists estimate that if openings were turning into jobs at the pace they usually do, the unemployment rate would be about three percentage points lower.
to add a bit ....Soros speaks.......
QuoteQuote:
Soros says that while the private sector is enjoying healthy profit margins, companies aren't investing that money anywhere — instead, they're hoarding it to preserve their own liquidity in a difficult market. So it's time for the government to step in.

"This would be the time to improve the road system, have an intelligent grid, electricity grid, prepare for less dependence on fossil fuels," he says. And yes, these big projects would involve some deficit spending, but Soros says he thinks that's a burden the country can handle.

Soros has been highly critical of the Obama administration's push for fiscal rectitude. "Keeping the deficit down is the right policy, but this is the wrong time to do it," he admonishes. "The idea of the deficit now has become a dominant idea and it stands in the way of following the right policies."

Soros has stern words for those who believe government just isn't capable of taking on big public projects like the New Jersey rail tunnel. "There's been a concerted effort to paint any kind of government as bad, and we've been doing it for 25 years, and the result is that we've got bad government. But we have to break that."

Easier said than done. Soros is realistic about the possibility of a new stimulus bill: "I don't think it has any chance of passage in the Congress we are going to have," he says. And that will have some serious consequences for our economic health.

"We'll be following the wrong policies and we'll be limping along instead of reducing unemployment or creating employment," Soros says. "We are going to follow the wrong policies because we are hung up on some misconceptions that have been promoted for political and ideological purposes. And that's the point I'm trying to make."
http://www.npr.org/templates/story/story.php?storyId=130453863


Last edited by jeffkrol; 10-10-2010 at 08:52 PM.
10-11-2010, 06:28 AM   #2
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"We conservatives believe government is bad and we’ve got the candidates to prove it."
- P.J. O’Rourke on Real Time with Bill Maher, Oct 8
10-11-2010, 08:36 AM   #3
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QuoteOriginally posted by Nesster Quote
"We conservatives believe government is bad and we’ve got the candidates to prove it."
- P.J. O’Rourke on Real Time with Bill Maher, Oct 8
Funny...........
Apparently the powers that be actually don't want it to work, at least uniformly...
Nobel for explaining why markets fail - MarketWatch

QuoteQuote:
The upshot of this research is that this searching — they called it “friction” — can make markets inefficient. Taking the first job offered, or hiring the first applicant would mean the economy wouldn’t work as well as it could. We’d get Ph.D.’s driving cabs, and high-school dropouts running nuclear plants.

Sometimes government policies can reduce the inefficiencies, but sometimes they can make them worse. Providing unemployment benefits can keep workers from accepting the wrong job out of desperation, but providing too many benefits can lead to search times running even longer than necessary.

The research begun by Diamond, the one whose nomination to the Fed was left languishing by the Senate, as well as Mortensen and Pissarides has been extended into other markets and other economic conundrums, helping us to understand how markets actually work, and how we can make them work better.
Stalled Fed nominee shares economics Nobel - MarketWatch
Funny to compare the 2 articles... See highlighted above and this quote:
QuoteQuote:
The academy said that the trio’s models aid understanding of the ways in which joblessness, job vacancies and wages are affected by regulations and economic policy.

“This may refer to benefit levels in unemployment insurance or rules in regard to hiring and firing,” the academy said. “One conclusion is that more generous unemployment benefits give rise to higher unemployment and longer search times.”

Senate Republicans are holding up Diamond’s nomination over what they say is his limited experience in macroeconomic policy. Diamond’s nomination requires another vote of the Senate Banking Committee before the full Senate can consider it.
10-11-2010, 09:01 AM   #4
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QuoteOriginally posted by Nesster Quote
"We conservatives believe government is bad and we’ve got the candidates to prove it."
- P.J. O’Rourke on Real Time with Bill Maher, Oct 8
I like the Warren Buffet quote:
“They say in the stock market, ‘Buy into a business that’s doing so well an idiot could run it, because sooner or later, one will.’”

The same applies to government. I am weary about giving the government too much power because I fear that one day another W will come along and somehow win the white house.

Republicans don't have a monopoly on stupid, corrupt, or generally bad politicians by a long shot.

I subscribe to Henry David Thoreau's philosophy "that government is best which governs least."

10-11-2010, 09:11 AM   #5
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BTW, that graph, it depicts the number of open appointments vs. ratifications by Congress, with the intensity index showing how eager Congress really is to fill these positions?
10-11-2010, 09:37 AM   #6
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QuoteOriginally posted by mikemike Quote
I like the Warren Buffet quote:
“They say in the stock market, ‘Buy into a business that’s doing so well an idiot could run it, because sooner or later, one will.’”

The same applies to government. I am weary about giving the government too much power because I fear that one day another W will come along and somehow win the white house.

Republicans don't have a monopoly on stupid, corrupt, or generally bad politicians by a long shot.

I subscribe to Henry David Thoreau's philosophy "that government is best which governs least."
There was a quote that the ebay business model was so strong a monkey could run the company.. (This was a quote from one of the founders of ebay and may not be the exact words BTW)
10-11-2010, 09:39 AM   #7
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QuoteOriginally posted by jeffkrol Quote
There was a quote that the ebay business model was so strong a monkey could run the company.. (This was a quote from one of the founders of ebay and may not be the exact words BTW)
And now the monkey wants to run Cali
10-11-2010, 11:03 AM   #8
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Correction and update

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Despite all that, it's easy to underestimate Whitman's power. As she likes to say, "It's our customers who have built eBay." eBay's business model looks so simple--take an online trading platform, let sellers attract buyers, buyers attract more sellers, and so on--that people say things like, "A monkey could run this thing." Which is exactly what a hotshot MBA, new to eBay, told Whitman to her face. (She laughed; the MBA still has his job.) One of her board members, Scott Cook, the founder of Intuit, jokes that Whitman found "a parade and ran in front of it."
Of course some disagree...........
eBay's Secret - October 18, 2004
QuoteQuote:
How much longer will she stay? "I truly don't know," she says. Some people close to her figure two or three more years. Despite speculation, she insists she is not interested in becoming CEO of Disney when Michael Eisner retires. In fact, she doesn't want any post-eBay CEO job at any company, period. "This is probably the pinnacle," she says. "I don't know what I'll do next, but it could be philanthropy, teaching, or going to Colorado to ride horses." Horses? Well, she does have $1.2 billion in stock and a condominium in Telluride. Yes, Meg Whitman riding away at age 50 would be another distressing case of the business world losing a powerful woman in her prime. Then again, giving the power away--that's so Meg.



Last edited by jeffkrol; 10-11-2010 at 11:09 AM.
10-11-2010, 11:13 AM   #9
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QuoteOriginally posted by Nesster Quote
"We conservatives believe government is bad and we’ve got the candidates to prove it."
- P.J. O’Rourke on Real Time with Bill Maher, Oct 8
Does that mean all of the conservative candidates are bad? What?

Jason
10-11-2010, 11:44 AM   #10
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QuoteOriginally posted by jeffkrol Quote
Whitman found "a parade and ran in front of it."
She is now racing to the front of a lemming parade heading toward a cliff overlooking the pacific.
10-11-2010, 03:22 PM   #11
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QuoteOriginally posted by Jasvox Quote
Does that mean all of the conservative candidates are bad? What?

Jason
I don't know what P.J. meant, but it does seem like many conservatives rant about how government does not work, and then do what they can when elected to prove themselves right.

That does not apply to all Republicans, though.
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