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Los Angeles job loss

Where are all the jobs

Last year while flying back to Southern California from Hong Kong I was lucky enough to leech off a friend's mileage account and get upgraded...
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Stimulate Economy by Reducing Imports

Most current stimulus plans ignore the contribution to our decline caused by imports. And they ignore the potentially huge benefits from reducing...
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Today's Retail Sales Report was a Farce

Don't be fooled by today's reported +1.4% increase in Retail Sales, and how it was a "surprise" and "more than the expected" +0...
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Unemployment Hits 10.2%; 559,000 jobs lost in October

The number of officially unemployed Americansincreased by 559,000 in October, putting the Unemployment Rate at 10.2% The number of officially...
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GDP: 3.5% "Growth" ???

There were a lot of things wrong with yesterday's GDP report (as usual). The BEA only subtracted -$17.9 billion for the change in trade deficit...
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"Bigger-Than-Too-Big-To-Fail"--The Financial Industry

On Sunday, Sept. 13, 2009, Bloomberg published an article about Joseph Stiglitz's recent assessment of the economy, in which he maintains that the...
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Employment: Bad Report Even Worse Than It Appears

Despite the Corporate media's overly optimistic and distorted reporting of today's employment report, the news was not good at all. The economy...
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Health Care Reform-Part 3: "Public Option" killed by Obama Administration

President Obama has now essentially killed the public option for health care reform. Though Obama clearly and unmistakably said previously that...
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Health Care Reform Myths-Part 2: "Fee-for-Service" Doctors Drive Higher Costs

Myth: "Fee-for-Service" doctors are running the cost of health care up by 1) ordering expensive tests and studies to pad their bill, and...
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Employment Down -1/4 million; Media & Markets Falsely Optimistic

Though media & markets touted today's decline in the rate of job loss as good news, this optimism seems misplaced. Payroll job losses and...
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