Research at Tokyo University and Japan’s national Institute of Polar Research – published in the current […]
Tuesday, October 28th, 2014
Stephan: As everyone who reads SR knows I am not a particular fan of President Obama. However, I think facts are the only reliable steppingstones through the swamp of politics and here are some facts -- from, I note, a center-right business publication, Forbes. They compare the results of Obamas' administration with those of President Reagan's, the demi-god of the Right. You may be surprised at what such an analysis turns up. Once again you can see that the Right has preferred fantasy over facts.
Adam Hartung
The Bureau of Labor Statistics (BLS) today issued America’s latest jobs report covering August. And it’s a disappointment. The economy created an additional 142,000 jobs last month. After six consecutive months over 200,000, most pundits expected the string to continue, including ADP which just yesterday said 204,000 jobs were created in August.
One month variation does not change a trend
Even though the plus-200,000 monthly string was broken (unless revised upward at a future date,) unemployment did continue to decline and is now reported at only 6.1%. Jobless claims were just over 300,000; lowest since 2007. Despite the lower than expected August jobs number, America will create about 2.5 million new jobs in 2014.
And that is great news.
Back in May, 2013 (15 months ago) the Dow was out of its recession doldrums and hitting new highs. I asked readers if Obama could, economically, be the best modern President? Through discussion of that question, the number one issue raised by readers was whether the stock market was a good economic barometer for […]
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Tuesday, October 28th, 2014
Tom Philpott, Food and Ag Correspondent - Mother Jones
Stephan: This report shows once again how the industrial-chemical agriculture and husbandry model can not survive without massive government welfare. You and I essentially are paying -- through the government -- to underwrite the industry that is poisoning both us and the Earth.
A bin-busting harvest.
Credit: Smereka/Shutterstock
Think you have it tough at work? Consider the plight of the Midwest’s corn and soybean farmers. They churn out the basic raw materials of our food system: the stuff that gets turned into animal feed, sweetener, cooking fat, and even a substantial amount of our car fuel. What do they get for their trouble? According to a stunning analysis (PDF) by Iowa State ag economist Chad Hart, crop prices have fallen so low (a bumper crop has driven down corn prices to their lowest level since 2006), and input costs (think seeds, fertilizers, pesticides) have gotten so high, that they’re losing $225 per acre of corn and $100 per acre of soybeans. So if you’re an Iowa farmer with a 2,000-acre farm, and you planted it half and half in these two dominant crops, you stand to lose $325,000 on this year’s harvest.
If you’re an Iowa farmer with a 2,000-acre farm, and you planted it half and half […]
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