Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat" | zero hedge

Found this interesting link on the Drudge Report:

Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat" | zero hedge

http://www.zerohedge.com/article/nine-states-did-not-file-initial-claims-data-due-labor-day-hundreds-thousands-estimates-data

BREAKING: Quran-Burning Canceled (UPDATED)

The AP reports:

The leader of a small Florida church that espouses anti-Islam philosophy says he is canceling plans to burn copies of the Quran on Sept. 11.

Pastor Terry Jones said Thursday that he decided to cancel his protest because the leader of a planned Islamic Center near ground zero has agreed to move its controversial location. The agreement couldn't be immediately confirmed.

UPDATE: Imam Feisal Abdul Rauf reportedly claims there is no agreement to move the proposed Islamic center.

Go to source

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http://feeds.foxnewsradio.com/~r/FoxNewsRadiocom/~3/pRfPnOAezHA/

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New revelations provide more embarrassment in global warming hoax - Columbia conservative | Examiner.com

http://www.examiner.com/conservative-in-columbia/new-revelations-provide-more-embarrassment-global-warming-hoax<br><div style="color:rgb(60%,60%,60%)">Sent with <a href="http://itunes.apple.com/app/mobilerss-pro-google-rss-news/id325594202?mt=8" style="text-decoration:underline;color:rgb(60%,60%,60%)">MobileRSS for iPhone</a></div>

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Court blocks town's immigration law; Rules feds have 'exclusive power'...

Court blocks town's immigration law; Rules feds have 'exclusive power'...


(Second column, 3rd story, link)

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http://feedproxy.google.com/~r/DrudgeReportFeed/~3/a-8vMjwQfQY/us_illegal_immigrants_crackdown

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Good Grief… Looney Left Is Turning to SEIU Socialist Andy Stern For Advice on Creating Jobs

Good grief…
The left is hoping that radical union organizer Andy Stern can help them turn the economy around.

Here's a clue, leftists… Taking advice from a committed socialist on job creation will not likely lift the US out of the Obama Depression.

Barack Obama is pictured with close friend and union thug Andy Stern (on right).

Leftist wunderkind Ezra Klein of Journolist fame believes former SEIU President and radical socialist Andy Stern holds the key to job creation.
Sure he does.

Here's one of Stern's ideas– Don't cut jobs, Cut hours:

1) Adopt Job Sharing

This is an idea, supported by Kevin Hassett from the American Enterprise Institute and Dean Baker from the Center for Economic and Policy Research, that could rally broad support from the left and the right.

Both experts testified earlier this year that Congress should consider a plan that enables companies to avoid shedding employees by reducing hours instead of firing workers. If hours and wages are reduced by 10 percent or more, workers would receive a federal subsidy for 60 percent of their lost salary. As the economy truly begins to recover, employers would be able to add new employees rather than increase hours for existing employees until the recovery is on a self-sustaining path.

Reducing the rate of job loss by just 10 percent would have the same effect on employment as if the economy generated an additional 200,000 jobs a month or 2.4 million a year. Germany's unemployment rate dropped from 9.1 percent to 7.6 percent after implementing such a policy in January.

Congress should immediately take up one of several bills that take this idea to a national scale.

Jobs Created/Saved: 2.4 million
Cost: $54 billion
Pay-for: Loans to Unemployment Insurance (UI) Funds to be repaid with a small UI surtax starting in 2013 on all employers.
Ultimate cost to Taxpayers: Zero

Great idea.
Don't cut jobs, just cut hours.
And, Klein is supposed to be the smart one in the crowd?
Good luck libs.

http://gatewaypundit.firstthings.com/2010/09/good-grief-crazy-left-is-turning-to-seiu-socialist-andy-stern-for-advice-on-jobs-creation/

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Radical Judge Blocks PA Town From Cracking Down on Illegal Immigration

It's now against the law to enforce the law…
A radical judge ruled today that a Pennsylvania town does not have the right to enforce national immigration law and crack down on illegal immigrants.
Nuts.
The AP reported:

A federal appeals court ruled Thursday that Hazleton, Pa., may not enforce its crackdown on illegal immigrants, dealing another blow to 4-year-old regulations that inspired similar measures around the country.

The 3rd U.S. Circuit Court of Appeals in Philadelphia said that Hazleton's Illegal Immigration Relief Act usurped the federal government's exclusive power to regulate immigration.

"It is … not our job to sit in judgment of whether state and local frustration about federal immigration policy is warranted. We are, however, required to intervene when states and localities directly undermine the federal objectives embodied in statutes enacted by Congress," wrote Chief Judge Theodore McKee.

Appeals courts are split on whether states and municipalities have the right to enforce laws dealing with immigration. The U.S. Supreme Court will hear arguments over a 2007 Arizona law that prohibits employers from knowingly hiring illegal immigrants.

The progressive judge must be looking for a job in the Obama Administration, huh?

http://gatewaypundit.firstthings.com/2010/09/radical-judge-blocks-pa-town-from-cracking-down-on-illegal-immigration/

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Military burns unsolicited Bibles sent to Afghanistan - CNN.com

Found this interesting link on the Drudge Report:

Military burns unsolicited Bibles sent to Afghanistan - CNN.com

http://edition.cnn.com/2009/WORLD/asiapcf/05/20/us.military.bibles.burned/

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http://itunes.apple.com/us/app/official-drudge-report-free/id375614185?mt=8

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Weekly jobless claims post a decline UPDATED: Nine states didn’t report

In what's sure to be touted as great news by the White House, Democrats and the state-run media, weekly jobless claims posted a modest decline last week:

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In the week ending Sept. 4, the advance figure for seasonally adjusted initial claims was 451,000, a decrease of 27,000 from the previous week's revised figure of 478,000. The 4-week moving average was 477,750, a decrease of 9,250 from the previous week's revised average of 487,000.

The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Aug. 28, unchanged from the prior week's unrevised rate of 3.5 percent.

The advance number for seasonally adjusted insured unemployment during the week ending Aug. 28 was 4,478,000, a decrease of 2,000 from the preceding week's revised level of 4,480,000. The 4-week moving average was 4,488,000, a decrease of 3,250 from the preceding week's revised average of 4,491,250.

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The revisions to last week's release means that the reported 6,000 decrease was wiped out for the week ending August 28.  While any decrease in the number of newly unemployed is welcome news, the fact remains that 451,000 people joined the jobless ranks, and that number has barely budged since January 2010.

Typically, this data set indicates stability when its seasonally adjusted figures moves back and forth around a moving average.  Look at the period between January 2006 and late 2008, and there's a very good example of a two-year period of a stable labor market.  The only problem is, claims were moving around a 300,000 average.  Today's release showing an average of ~480,000 indicates a stable, but weak job market.

In other words, things don't appear to be getting much worse, but they aren't getting much better either, and there is absolutely nothing on the horizon that might point to a return to the Bush-era labor market.

UPDATE: Isn't this interesting.  Via Bloomberg  is this little gem:

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Holiday

For the latest reporting week, nine states didn't file claims data to the Labor Department in Washington because of the federal holiday earlier this week, a Labor Department official told reporters. As a result, California and Virginia estimated their figures and the U.S. government estimated the other seven, the official said.

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I'm sure the bean counters did the best estimating job they could, but if we see some, uhh…  gyrations in next week's data, will the news be "unexpected?"

http://feedproxy.google.com/~r/ibleedcrimsonred/OvJu/~3/v3EhMIk3BJg/weekly-jobless-claims-post-decline.html

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Video: A Debate Between John F. Kennedy and Barack Obama

Clever indeed:

From Daniel Mitchell via Instapundit. Mitchell has this:

Having previously highlighted Kennedy's tax-cutting approach, it is painful for me to observe the class warfare approach of the Obama Administration.

This new crop of Democrats are thorns and thistles.

http://theblogprof.blogspot.com/2010/09/video-debate-between-john-f-kennedy-and.html

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Woah! Obama Added More to Debt in First 19 Months Than All Presidents From Washington to Reagan COMB

WORST. PRESIDENT. EVER.
You may have thought things were bad under Obama… You had no idea.

Obama is the worst jobs president since the Great Depression. The Obama-Pelosi economic plan resulted in a cumulative 7.5 million jobs deficit. By every objective measure the democrat's Trillion dollar stimulus bomb was a complete disaster.

Barack Obama and Nancy Pelosi tripled the national deficit last year by nearly a trillion dollars – something unheard of in our nation's history.

After an unheard of record deficit last year of $1.4 Trillion the economy is on track to experience a $1.3 Trillion deficit this year.

Instead of focusing on the economy the past two years the radicals in Washington beat up on business and rammed through an unpopular nationalized health care entitlement program.

Then there's this…
The Obama-Pelosi regime added more to the national debt in his first 19 months in office than all presidents from Washington to Ronald Reagan… COMBINED.
CNS News reported:

In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.

The U.S. Treasury Department divides the federal debt into two categories. One is "debt held by the public," which includes U.S. government securities owned by individuals, corporations, state or local governments, foreign governments and other entities outside the federal government itself. The other is "intragovernmental" debt, which includes I.O.U.s the federal government gives to itself when, for example, the Treasury borrows money out of the Social Security "trust fund" to pay for expenses other than Social Security.

At the end of fiscal year 1989, which ended eight months after President Reagan left office, the total federal debt held by the public was $2.1907 trillion, according to the Congressional Budget Office. That means all U.S. presidents from George Washington through Ronald Reagan had accumulated only that much publicly held debt on behalf of American taxpayers. That is $335.3 billion less than the $2.5260 trillion that was added to the federal debt held by the public just between Jan. 20, 2009, when President Obama was inaugurated, and Aug. 20, 2010, the 19-month anniversary of Obama's inauguration.

http://gatewaypundit.firstthings.com/2010/09/woah-obama-added-more-to-debt-in-first-19-months-than-all-presidents-from-reagan-to-bush-combined/

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