Jobs number:much weaker than most expected. Look for the Fed to raise rates RIGHT NOW--December 14-- even though it's in the middle of the Christmas shopping season. Look for Gold to drop, the dollar rise, and oil to drop further.
MSM does a good job. What? Them? At least ABC is going after Marc Rich and, predictably, the Left is screming Clinton smear. This guy is the albatross around Hillary's neck (albatross? what the shit is that?), OK an anvil around her neck. ABC broke it first:
Former American fugitive Marc Rich was a middleman for several of Iraq's suspect oil deals in February 2001, just one month after his pardon from President Clinton, according to oil industry shipping records obtained by ABC News.
I don't often peruse Town Hall but George Will's Nov 28th column is up on that site and is worth reading. He is much too smart for me so I have to read him real real slow. I think he's talking about what happens when we meet with people we agree with and come to a consensus that is at the extreme of our views. Applied to Academia it makes for good reading....but the movie will be total shit; ugly college profs; ugly dykes, and people who have to cuddle up with a book at night because nobody will sleep with them. My two cents on academic diversity: conservatives will not put up with the university teaching system. We demand merit pay, merit promotion, and limitless income potential. Almost none of us will put in the useless time necessary to become a tenured professor.
2 comments:
[ Jobs number:much weaker than most expected. Look for the Fed to raise rates RIGHT NOW--December 14-- even though it's in the middle of the Christmas shopping season. ]
Could you explain that, Howard? Raising interest rates when the economy seems weak is contrary to convential -- conventional as in, "We are all Keynesians now" -- macroeconomic logic.
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http://www.nytimes.com/2004/12/03/business/03shop.html
"...
Yesterday's across-the-board retailing numbers for November were mixed, with the gap widening between the "haves," namely luxury stores, and the "have-nots," discounters and midlevel department stores whose customers are suffering most from high gasoline prices. And while retailers reported that the day after Thanksgiving was strong, the rest of the weekend, for many, did not live up to expectations.
..."
-- david.davenport@netzero.com
Howie, this might interest you, especially the bit about the LA Times:
Posted, Dec. 3, 2004
Updated, Dec. 4, 2004
QuickLink: A75179
Ignoring the Elephant in Newspaperland
Effective circulation losses are 50 percent worse than we have been told.
By Rick Edmonds (more by author)
Just how deep is the newspaper circulation scandal of 2004? Combined with other substantial circulation losses, how damaging will it be to the bread and butter of advertising revenues for 2004, for 2005 and by extension in years to come? Is it yet another sign of the gradual but inexorable decline of the industry and the medium in which many of us practice journalism?
...
We're not talking just about the papers involved in the recent scandals and others you might suspect of slick practices. The New York Times, Wall Street Journal and Los Angeles Times also distribute increasing numbers of discounted and free copies that revised rules permit them to count as subscribers. In fact, that's Ginnocchio's point: full-rate circulation is falling even more precipitously than overall circulation.
...
http://poynter.org/content/content_view.asp?id=75179
pointed to by Instapundit.com -- "MEDIA ENRON UPDATE:"
-- david.davenport@netzero.com
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