Be INFORMED

Thursday, January 12, 2012

First-time Unemployment Claims Spike To 399,000

By  Meteor Blades    for Daily Kos Labor       Thu Jan 12, 2012

The Department of Labor this morning reported a seasonally adjusted rise of 24,000 to 399,000 in first-time applications for unemployment benefits for the week ending Jan. 7. The four-week moving average preferred by many economic analysts because flattens volatility rose to 381,750 from the previous week's revised average of 374,000. A year ago at this time the weekly number was 437,000 and and the four-week running average was 420,000.

The significant jump could be an indication that temporary hiring of package delivery personnel and retail workers in December was larger than expected. The median forecast of the 46 analysts surveyed by Bloomberg was 375,000. The rise could be bad news for a labor market that has been improving at a slightly accelerated rate the past few months. The claims figures, like other job reports, are especially volatile around the holiday season. The first week of the year typically shows a high number of claims.

“Labor demand is still not strong enough to support a complete jobs recovery,” Henry Mo, an economist at Credit Suisse in New York, said before the report. Even so, “the labor market is heading in the right direction.”
Originally posted to Daily Kos Labor on Thu Jan 12, 2012
Also republished by Daily Kos.

Company Wants To Be Able To Fire People and Prevent Them From Getting New Jobs

by quaoar      Mon Jan 09, 2012

This is a twist that Mitt Romney wishes he had thought of at Bain Capital -- where firing people is tons of fun.

A company called Halifax -- owned by Arkansas billionaire Warren Stephens -- recently bought a bunch of small newspapers that were owned by the NY Times. Halifax then started a process to decide which employees at these newspaper would be kept and which would be let go.

Apparently, according to a report at Poynter.org, some employees are being given a choice -- before they can keep their jobs they have to sign an agreement that lets Halifax fire them at will and prevents them from taking a job in any other city with a Halifax property for two years.

Employees at the 16 papers now owned by Halifax Media Group are being asked to sign an agreement that allows the company to fire them anytime but prevents them from working for media companies in any other city with a Halifax property for two years. A tipster said employees have until tomorrow to decide whether to sign or lose their jobs.

It used to be that if a company wanted to part ways with someone and prevent them from competing with them once they left, they had to negotiate a buyout.

And it often involved someone who had inside knowledge of the workings of the company that would be valuable to a competitor.

But Halifax is apparently taking that to a new level. Why shell out money for buyouts when you can just coerce everyone into signing noncompete agreements and then let them go?

Just think of all the extra cash that Romney could have earned for Bain Capital if he had thought of this years ago.

Tuesday, January 10, 2012

Florida’s Metro-Area Housing Prices Predicted To Rise in 2012…

… and for home owners in the state of Florida, that will be some welcome news, providing that they can find buyers for their homes as many homeowners are still attempting to dump their over-mortgaged properties.

   Home prices for Tampa Bay are forecast to increase by 7.4% for the year according to Clear Capitol, a firm which does housing valuations and analytics.

   The report also believes that prices will go up in Orlando by 11.7%, in Miami by 8.8%, and prices in Jacksonville will rise by 4.3%.

Monday, January 09, 2012

Newt Gingrich’s Super PAC Strikes Back Against Mitt Romney’s

    Oh yes, now the real fun begins as these two snakes go about trying to swallow the other one up in their quest to be the GOP warrior against President Barack Obama in the November, 2012 election. This Gingrich/Romney title fight should be presented on pay-per-view as the “ Super Pac Men “ championship show down. Grab your beer, chips, and salsa for this one as Newt strikes back against Romney with a new video.

Gingrich Super PAC Hits Romney for Corporate Raiding Past — Bring the Popcorn!

By Mets102      Posted on Sat Jan 07, 2012

Newt Gingrich's super PAC has purchased the rights to a film attacking Mitt Romney's history of being a corporate raider.  The ads are set to go in South Carolina, with its all-important GOP primary coming up.  And, these days, it seems Newt is more interested in settling scores and hitting Romney following attacks on Gingrich by Romney's super PAC.  After running a largely positive campaign in Iowa, Gingrich now appears ready to go scorched earth in his attacks on the "Massachusetts Moderate" to deny Romney the nomination.

Peter Boyer, over at The Daily Beast, reported last night that it is a 27-minute video, entitled, When Mitt Romney Came to Town that:

focuses on four case studies of Bain’s acquisitions—a Florida-based company called UniMac, which produced commercial laundry equipment; KayBee Toys; the electronics company DDI; and AmPad, an Indiana-based office-supply producer. The key result of these transactions, the film asserts, was “spectacular returns” for Bain through “stripping American businesses of assets, selling everything to the highest bidder, and often killing jobs for big financial rewards.”

As Rick Tyler, described by MSNBC as a senior adviser to Gingrich's super PAC, stated:

“For the first time, this film will show what Bain Capital actually did,” said Rick Tyler, a senior adviser to Winning Our Future, a pro-Gingrich super PAC that acquired the rights to the movie on Friday. The super PAC is posting a two-minute trailer from the 27-minute film on a website Saturday.

“They targeted companies … they raided them … and thousands of workers lost their jobs. This is not capitalism. This is predatory, (emphasis my own)” Tyler said.

I must say, it is quite fun to see the Republicans comparing each other to President Obama because one dares to attack Romney's past as a corporate raider:

Andrea Saul, a spokeswoman for the Romney campaign, responded Saturday: “It’s puzzling to see Speaker Gingrich and his supporters continue their attacks on free enterprise. This is the type of criticism we've come to expect from President Obama and his left-wing allies at MoveOn.org. Unlike President Obama and Speaker Gingrich, Mitt Romney spent his career in business and knows what it will take to turn around our nation’s bad economy.”

With the Republicans debating the crazy tonight, all I can say is let's enjoy watching them attack each other and write President Obama's ads for this fall, especially if Romney is the nominee.  Corporate Raider Mitt Romney, who has never met an issue he isn't willing to flip-flop on, provides a stark contrast with President Obama and the fight for the middle class.  Oh, and the best part, this video was made by someone who once did ads for Romney and is connected to Mary Cheney, daughter of Dick Cheney.  All I can say is:  Sit back and bring the popcorn!

Originally posted to Jews For President Obama on Sat Jan 07, 2012
Also republished by Democrats, I Vote for Democrats, and Kos Georgia.