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Ike
Guest
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 Posted: Tue Oct 28, 2008 7:41 am Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
 |
|
"Mark T" <snailmail@44oclockrock> wrote in message
news:4906aca3$1@dnews.tpgi.com.au...
| Quote: | "Ike" <xeickleberrybooks@msn.com> wroteth:
And what did Jesus SAY
Jesus said in Matthew 5:42, "Give to him that asketh thee, and from
him that would borrow of thee turn not thou away." May I have your house
and car and may I borrow your most prized possession?
IKE REFUSES TO FOLLOW JESUS' COMMAND IN THE BIBLE
WHICH HE CALLS "GOD'S WORD"!!!!
|
2Ch 36:16 But they mocked the messengers of God, and despised his words, and
misused his prophets, until the wrath of the LORD arose against his people,
till there was no remedy.
Ike |
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Glenn
Guest
|
| Posted: Tue Oct 28, 2008 7:41 am Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
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Ike wrote:
| Quote: | "Glenn" <glenn@spiritone.com> wrote in message
news:4905fe29$0$7438$39cecf19@news.twtelecom.net...
Ike wrote:
"Glenn" <glenn@spiritone.com> wrote in message
news:4904174f$0$7441$39cecf19@news.twtelecom.net...
Ike wrote:
"Glenn" <glenn@spiritone.com> wrote in message
news:4902d903$0$7440$39cecf19@news.twtelecom.net...
Ike wrote:
"Mark T" <snailmail@30oclockrock> wrote in message
news:490252e9$1@dnews.tpgi.com.au...
"Glenn" <glenn@spiritone.com> wrote:
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
More fear mongering!
Especially since the housing market posted its first gain in three
years
today, meaning that the bubble has burst and should be pretty much
played
out.
Just like the commodities markets.
Just like gas.
Just like the stock markets.
I SAID that the market should level out at about 9000, gas at $86 a
barrel
(overshot the downward trend a little), and housing should be down by
35%.
The thing is, everything needs to return to NORMAL 5% GROWTH.
DON'T LOOK FOR THE RIDICULOUS RETURNS that marked the RAMPAGE of the
last
decade (thanks to Billy Bob Clinton), but the problems SHOULD BE
leveling
themselves out just fine IF PEOPLE DON'T PUSH THE PENDULUM THE OTHER
WAY
by
PANICKING.
Ike
Chuck, Ike and Mark denying reality by any definition!
Come now, Chuck, Ike and Mark, reality is what is, not what you
perceive
it to be...
You wish to deny my testimony...
... fine, acknowledge the other is false!
Chuck and Ike
Witness that Mark is false
Mark and Chuck
witness that Ike is false
Ike and Mark
witness that Chuck is false
The problem, Chuck, Ike and Mark
is that you contradict each other
so your testimony is false!
Yo.
Moron.
LOL...
How convenient it must be for your SELF-DELUSIONS that you have to ignore
facts in order to PROTECT SAID DELUSIONS.
Ike
If you had any facts, Ike, you would present them.
ALREADY DID.
But YOUR KIND ISN'T INTERESTED IN FACTS...
|
Facts?
Where did you present facts?
You don't have facts... all you have is you misinterpretation of
information presented by the propaganda of the government and the bankers.
Come now, show me some "facts."
Glenn
--
www.thelittlebookopened.org [Key words:] "The Little Book";
Glenn McClary, servitum, gaedhealic, oldwetdog |
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Ike
Guest
|
| Posted: Tue Oct 28, 2008 7:41 am Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
|
|
"Glenn" <glenn@spiritone.com> wrote in message
news:4906addf$0$3713$39cecf19@news.twtelecom.net...
| Quote: | Ike wrote:
"Glenn" <glenn@spiritone.com> wrote in message
news:4905fe29$0$7438$39cecf19@news.twtelecom.net...
Ike wrote:
"Glenn" <glenn@spiritone.com> wrote in message
news:4904174f$0$7441$39cecf19@news.twtelecom.net...
Ike wrote:
"Glenn" <glenn@spiritone.com> wrote in message
news:4902d903$0$7440$39cecf19@news.twtelecom.net...
Ike wrote:
"Mark T" <snailmail@30oclockrock> wrote in message
news:490252e9$1@dnews.tpgi.com.au...
"Glenn" <glenn@spiritone.com> wrote:
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
More fear mongering!
Especially since the housing market posted its first gain in three
years
today, meaning that the bubble has burst and should be pretty much
played
out.
Just like the commodities markets.
Just like gas.
Just like the stock markets.
I SAID that the market should level out at about 9000, gas at $86 a
barrel
(overshot the downward trend a little), and housing should be down
by
35%.
The thing is, everything needs to return to NORMAL 5% GROWTH.
DON'T LOOK FOR THE RIDICULOUS RETURNS that marked the RAMPAGE of
the
last
decade (thanks to Billy Bob Clinton), but the problems SHOULD BE
leveling
themselves out just fine IF PEOPLE DON'T PUSH THE PENDULUM THE
OTHER
WAY
by
PANICKING.
Ike
Chuck, Ike and Mark denying reality by any definition!
Come now, Chuck, Ike and Mark, reality is what is, not what you
perceive
it to be...
You wish to deny my testimony...
... fine, acknowledge the other is false!
Chuck and Ike
Witness that Mark is false
Mark and Chuck
witness that Ike is false
Ike and Mark
witness that Chuck is false
The problem, Chuck, Ike and Mark
is that you contradict each other
so your testimony is false!
Yo.
Moron.
LOL...
How convenient it must be for your SELF-DELUSIONS that you have to
ignore
facts in order to PROTECT SAID DELUSIONS.
Ike
If you had any facts, Ike, you would present them.
ALREADY DID.
But YOUR KIND ISN'T INTERESTED IN FACTS...
Facts?
Where did you present facts?
You don't have facts... all you have is you misinterpretation of
information presented by the propaganda of the government and the bankers.
Come now, show me some "facts."
|
HERE'S the "facts" about you and your ilk...
Lk 21:7-8
And they asked him, saying, Master, but when shall these things be? and
what sign will there be when these things shall come to pass?
And he said, Take heed that ye be not deceived: for many shall come in
my name, saying, "I am Christ;" and "the time draweth near:" go ye not
therefore after them.
Ike
P.S. The National Association of Realtors is NOT "the government." Neither
is the DOW. Neither are gas prices at the pump. Neither are the commodities
markets.
Let me know when you have a clue. |
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Mark T
Guest
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| Posted: Tue Oct 28, 2008 2:06 pm Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
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"Ike" <xeickleberrybooks@msn.com> wrote:
| Quote: | And what did Jesus SAY
Jesus said in Matthew 5:42, "Give to him that asketh thee, and from
him that would borrow of thee turn not thou away." May I have your house
and car and may I borrow your most prized possession?
IKE REFUSES TO FOLLOW JESUS' COMMAND IN THE BIBLE
WHICH HE CALLS "GOD'S WORD"!!!!
2Ch 36:16 But they mocked the messengers of God
|
YOU are NO "messenger of God".
"You're an eediot!" - Ren & Stimpy
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
From Blaise Pascal "The Provincial Letters" (Random House:New York)
It is not the sentiments of M. Arnauld that are heretical; it is only his
person. This is a personal heresy. He is not a heretic for anything that
he has said or written, but simply because he is M. Arnauld. This is all
they have to say against him. p. 357
.... just in proportion as Christian truths are worthy of love and respect,
the contrary errors must deserve hatred and contempt. ... Do not then
expect, fathers, to make people believe that it is unworthy of a Christian
to treat error with derision. Nothing is easier than to convince all who
are not aware of it before, that this practice is perfectly just - that it
is common with the fathers of the Church, and that it is sanctioned by
Scripture, by the example of the best of saints, and even by that of God
himself. pp 468-469
.... ridicule is, in some cases, a very appropriate means of reclaiming men
from their errors ... it is accordingly an act of justice, because, as
Jeremiah says, "the actions of those who err are worthy of derision, because
of their vanity ..." Andso far from its being impious to laugh at them, St.
Augustine holds it to be the effect of divine wisdom" "The wise laugh at the
foolish, because they are wise, not after their own wisdom, but after that
divine wisdom which shall laugh at the death of the wicked." pp. 469-470
Tertullian ... [quotes] ..." ... There are many things which deserve to be
held up in this way to ridicule and mockery, lest, by a serious refutation,
we should attach a weight to them which they do not deserve. ... it is the
Truth properly that has a right to laugh, because she is cheerful, and to
make sport of her enemies, because she is sure of the victory. ... when
ridicule may be employed with effect, it is our duty to avail ourselves of
it." p. 471
.... acording to St Augustine, 'charity sometimes obliges us to ridicule the
errors of men, that they may be induced to laugh at them in their turn, and
renounce them ..." p. 472
St Augustine ... "Woe to the blind leaders! Woe to the blind followers!"
.... The dealer in falsehood is an agent of the devil. p. 475
... Tertullian says "can anything be more justly due to the vanity and
weakness of these arguments than laughter?" p. 482
--
MY SOUNDCLICK PAGE- download my original songs in mp3 format
http://www.soundclick.com/marktindall
FUNDY FUNHOUSE -
http://fundamentalistfunhouse.blogspot.com/
- a resource on the current Fundamentalist Dark Age and Christian
fundamentalism. |
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Ike
Guest
|
| Posted: Tue Oct 28, 2008 3:30 pm Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
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"Mark T" <snailmail@44oclockrock> wrote in message
news:4906d62e$1@dnews.tpgi.com.au...
| Quote: | "Ike" <xeickleberrybooks@msn.com> wrote:
And what did Jesus SAY
Jesus said in Matthew 5:42, "Give to him that asketh thee, and from
him that would borrow of thee turn not thou away." May I have your
house
and car and may I borrow your most prized possession?
IKE REFUSES TO FOLLOW JESUS' COMMAND IN THE BIBLE
WHICH HE CALLS "GOD'S WORD"!!!!
2Ch 36:16 But they mocked the messengers of God
YOU are NO "messenger of God".
|
You better hope not, huh?
[snip]
Ike |
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Glenn
Guest
|
| Posted: Tue Oct 28, 2008 8:44 pm Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
|
|
Ike wrote:
| Quote: | "Glenn" <glenn@spiritone.com> wrote in message
news:4906addf$0$3713$39cecf19@news.twtelecom.net...
Ike wrote:
"Glenn" <glenn@spiritone.com> wrote in message
news:4905fe29$0$7438$39cecf19@news.twtelecom.net...
Ike wrote:
"Glenn" <glenn@spiritone.com> wrote in message
news:4904174f$0$7441$39cecf19@news.twtelecom.net...
Ike wrote:
"Glenn" <glenn@spiritone.com> wrote in message
news:4902d903$0$7440$39cecf19@news.twtelecom.net...
Ike wrote:
"Mark T" <snailmail@30oclockrock> wrote in message
news:490252e9$1@dnews.tpgi.com.au...
"Glenn" <glenn@spiritone.com> wrote:
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
More fear mongering!
Especially since the housing market posted its first gain in three
years
today, meaning that the bubble has burst and should be pretty much
played
out.
Just like the commodities markets.
Just like gas.
Just like the stock markets.
I SAID that the market should level out at about 9000, gas at $86 a
barrel
(overshot the downward trend a little), and housing should be down
by
35%.
The thing is, everything needs to return to NORMAL 5% GROWTH.
DON'T LOOK FOR THE RIDICULOUS RETURNS that marked the RAMPAGE of
the
last
decade (thanks to Billy Bob Clinton), but the problems SHOULD BE
leveling
themselves out just fine IF PEOPLE DON'T PUSH THE PENDULUM THE
OTHER
WAY
by
PANICKING.
Ike
Chuck, Ike and Mark denying reality by any definition!
Come now, Chuck, Ike and Mark, reality is what is, not what you
perceive
it to be...
You wish to deny my testimony...
... fine, acknowledge the other is false!
Chuck and Ike
Witness that Mark is false
Mark and Chuck
witness that Ike is false
Ike and Mark
witness that Chuck is false
The problem, Chuck, Ike and Mark
is that you contradict each other
so your testimony is false!
Yo.
Moron.
LOL...
How convenient it must be for your SELF-DELUSIONS that you have to
ignore
facts in order to PROTECT SAID DELUSIONS.
Ike
If you had any facts, Ike, you would present them.
ALREADY DID.
But YOUR KIND ISN'T INTERESTED IN FACTS...
Facts?
Where did you present facts?
You don't have facts... all you have is you misinterpretation of
information presented by the propaganda of the government and the bankers.
Come now, show me some "facts."
HERE'S the "facts" about you and your ilk...
Lk 21:7-8
And they asked him, saying, Master, but when shall these things be? and
what sign will there be when these things shall come to pass?
And he said, Take heed that ye be not deceived: for many shall come in
my name, saying, "I am Christ;" and "the time draweth near:" go ye not
therefore after them.
|
Ah, but Jesus did not say that the time would not ever draw near...
| Quote: |
Ike
P.S. The National Association of Realtors is NOT "the government." Neither
is the DOW. Neither are gas prices at the pump. Neither are the commodities
markets.
Let me know when you have a clue.
|
Prices of anything and everything rise and fall... that's not the point.
The cause is the point, and you are ignoring the cause.
The The National Association of Realtors is as much a part of the
problem as is Shell Oil and Exxon, Bankers, investors and the DOW --
they are all self serving. You mention the prise of gas at the pump, and
ignore the reason the price of gas has fallen: it is not because the
supply exceeded consumption, but that people are loosing their jobs,
their houses, and can not afford to buy gas!
The title of this thread was not my creation, nor was it my prediction:
Quote:
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber,
Ap Economics Writer – 1 hr 29 mins ago Thu 23 Oct 2008 15:56:13 PDT
WASHINGTON – Unemployment claims, already well into recession territory,
are rising even faster than expected, leading economists to warn
Thursday that the worst is yet to come.
As the Labor Department released bleak new numbers on the job market,
Goldman Sachs, Chrysler and Xerox all announced they were cutting
workers by the thousands, adding to the woes of an economy beset by
tighter credit and wobbly banks.
The government said new applications for unemployment insurance rose
15,000 last week to a seasonally adjusted 478,000, above analysts'
estimates of 470,000. Jobless claims above 400,000 are considered a sign
of recession.
[end quote]
Note:
"The impact of job losses is rippling through the economy. As jobs
disappear, foreclosures rise ..."
What many seem hesitant to do, is look for the root cause of the job
losses. It is foolish to blame job losses on mortgage foreclosures --
since the mortgage default does not occur until after the job loss.
There must be a cause for the job losses other that the credit slump
caused by the subprime failures, since the subprime failure was cause by
people being unable to make their payments because they had lost their jobs.
What many refuse to consider, is that the contraction, or reduction, of
manufacturing jobs began as an adjustment due to concerns over the
availability of fossil fuel. Experts in industry have been aware of the
limits reached in the Oil Cartel's ability to increase the production
and supply of fuel. Industry and Manufacturing are completely dependent
on the supply of fossil fuel. If the production and supply of fossil
fuel can not increase, then industry and manufacturing can not grow. The
result is that both the supply of fuel and the supply of goods does not
meet the demand, and company's begin to cut production, and jobs.
In a few words, "We are past Peak Oil."
Here is the reality.
Peak Oil
http://tinyurl.com/62u6ow
Olduvai Theory
http://tinyurl.com/3jf9k2
Malthusian catastrophe
http://tinyurl.com/43oktk
and see:
http://www.dieoff.com/
"... upon the earth distress of nations, with perplexity ... Men's
hearts failing them for fear, and for looking after those things which
are coming on the earth..." Luke 21:25-26.
Glenn
His witness
Acts 1:18, Rev 11:2-3.
--
www.thelittlebookopened.org [Key words:] "The Little Book";
Glenn McClary, servitum, gaedhealic, oldwetdog |
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Randy ®
Guest
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| Posted: Thu Oct 30, 2008 3:07 pm Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
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|
On Thu, 23 Oct 2008 16:15:35 -0700,
in article <49010597$0$7444$39cecf19@news.twtelecom.net>,
Glenn <glenn@spiritone.com> wrote:
| Quote: |
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
|
You'd make a good democrat.
--
Christ died for our sins, and God raised Him from the dead.
Rely on this work alone to escape hell and receive eternal
life (Jn. 3:16; 1 Cor. 15:1-3; Eph. 2:8-10; 2 Thess. 1:8-9).
We demolish arguments and every pretension that sets itself
up against the knowledge of God, and we take captive every
thought to make it obedient to Christ. †2 Corinthians 10:5 |
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Randy ®
Guest
|
| Posted: Thu Oct 30, 2008 3:18 pm Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
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|
On Tue, 28 Oct 2008 01:37:57 -0500,
in article <ge6c08$6dv$1@reader.motzarella.org>,
"Ike" <xeickleberrybooks@msn.com> wrote:
| Quote: | "Mark T" <snailmail@44oclockrock> wrote in message
news:4906aca3$1@dnews.tpgi.com.au...
"Ike" <xeickleberrybooks@msn.com> wroteth:
And what did Jesus SAY
Jesus said in Matthew 5:42, "Give to him that asketh thee, and from
him that would borrow of thee turn not thou away." May I have your house
and car and may I borrow your most prized possession?
IKE REFUSES TO FOLLOW JESUS' COMMAND IN THE BIBLE
WHICH HE CALLS "GOD'S WORD"!!!!
2Ch 36:16 But they mocked the messengers of God, and despised his words, and
misused his prophets, until the wrath of the LORD arose against his people,
till there was no remedy.
Ike
|
Not to mention that love should abound with discernment:
Php 1:9 And this is my prayer: that your love may abound more
and more in knowledge and depth of insight,
Php 1:10 so that you may be able to discern what is best and
may be pure and blameless until the day of Christ,
That we should not associate with "so called" brothers who are
"greedy", or a "swindler":
1Co 5:11 But now I am writing you that you must not associate
with anyone who calls himself a brother but is sexually
immoral or greedy, an idolater or a slanderer, a drunkard or a
swindler. With such a man do not even eat.
Such will not inherit the kingdom of God:
1Co 6:10 nor thieves nor the greedy nor drunkards nor
slanderers nor swindlers will inherit the kingdom of God.
--
Christ died for our sins, and God raised Him from the dead.
Rely on this work alone to escape hell and receive eternal
life (Jn. 3:16; 1 Cor. 15:1-3; Eph. 2:8-10; 2 Thess. 1:8-9).
We demolish arguments and every pretension that sets itself
up against the knowledge of God, and we take captive every
thought to make it obedient to Christ. †2 Corinthians 10:5 |
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Randy ®
Guest
|
| Posted: Thu Oct 30, 2008 3:53 pm Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
|
|
On Tue, 28 Oct 2008 17:09:38 +1100,
in article <4906aca3$1@dnews.tpgi.com.au>,
"Mark T" <snailmail@44oclockrock> wrote:
| Quote: | Jesus said in Matthew 5:42, "Give to him that asketh thee, and from
him that would borrow of thee turn not thou away." May I have your house
and car and may I borrow your most prized possession?
IKE REFUSES TO FOLLOW JESUS' COMMAND IN THE BIBLE
WHICH HE CALLS "GOD'S WORD"!!!!
|
You're clearly blinded by greed and the relish of your own
wit. The Bible says love should abound with discernment, and
that we should not associate with any "so called" brother
(you), who is greedy, or a swindler:
Php 1:9 And this is my prayer: that your love may abound more
and more in knowledge and depth of insight,
Php 1:10 so that you may be able to discern what is best and
may be pure and blameless until the day of Christ,
1Co 5:11 But now I am writing you that you must not associate
with anyone who calls himself a brother but is sexually
immoral or greedy, an idolater or a slanderer, a drunkard or a
swindler. With such a man do not even eat.
1Co 6:10 nor thieves nor the greedy nor drunkards nor
slanderers nor swindlers will inherit the kingdom of God.
--
Christ died for our sins, and God raised Him from the dead.
Rely on this work alone to escape hell and receive eternal
life (Jn. 3:16; 1 Cor. 15:1-3; Eph. 2:8-10; 2 Thess. 1:8-9).
We demolish arguments and every pretension that sets itself
up against the knowledge of God, and we take captive every
thought to make it obedient to Christ. †2 Corinthians 10:5 |
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| Back to top |
Glenn
Guest
|
| Posted: Thu Oct 30, 2008 11:09 pm Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
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|
Randy ® wrote:
| Quote: | On Thu, 23 Oct 2008 16:15:35 -0700,
in article <49010597$0$7444$39cecf19@news.twtelecom.net>,
Glenn <glenn@spiritone.com> wrote:
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
You'd make a good democrat.
|
Yet once again you have demonstrated yourself to be a liar.
The OP [reposted below] is an article including the title, "JOB LOSSES
ACCELERATING, AND THE WORST IS AHEAD" written By CHRISTOPHER S. RUGABER,
AP Economics Writer
Yet you, ®andy, clip the post down to the title to make it look like
that title somehow reflects my political position, and ignore that the
information in the post is from the government, which is presently lead
by the Republican Party and guess who? My /political/ POV has nothing to
do with the contents of the article, its title, OR the comments I made.
The question, Randy, is why you engage in dishonesty to make a false
accusation? The answer is that you are too dishonest to attempt to deal
with the issues raised in the article, and in the comments I made.
--------
[repost]
[found on the 'net]
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber,
– 1 hr 29 mins ago Thu 23 Oct 2008 15:56:13 PDT
WASHINGTON – Unemployment claims, already well into recession territory,
are rising even faster than expected, leading economists to warn
Thursday that the worst is yet to come.
As the Labor Department released bleak new numbers on the job market,
Goldman Sachs, Chrysler and Xerox all announced they were cutting
workers by the thousands, adding to the woes of an economy beset by
tighter credit and wobbly banks.
The government said new applications for unemployment insurance rose
15,000 last week to a seasonally adjusted 478,000, above analysts'
estimates of 470,000. Jobless claims above 400,000 are considered a sign
of recession.
The White House, in unusually stark language, acknowledged the economy
is going through what spokeswoman Dana Perino called a "rough ride."
"We expect our GDP (gross domestic product) number next week not to be a
good one and the next quarter to be tough as well," Perino said.
The Commerce Department will release its first estimate of third-quarter
economic performance Oct. 30, and Wall Street analysts project it will
show the economy contracted by 0.5 percent, according to Thomson/IFR.
Many economists expect the decline to continue into the current quarter
and the first three months of 2009, if not longer. The classic
definition of a recession is at least two consecutive quarters of
negative growth.
Former Federal Reserve Chairman Alan Greenspan, testifying before a
House committee, said he could not see "how we can avoid a significant
rise in layoffs and unemployment."
Zach Pandl, an economist at Barclays Capital, estimates that
unemployment will rise to between 7 percent and 8 percent by early next
year. Other economists have estimated it could rise to 8.5 percent.
Currently, the unemployment rate is 6.1 percent. Unemployment peaked at
6.3 percent in 2003 after the brief recession of 2001. It peaked at 7.8
percent in the 1991-92 recession, and above 10 percent in 1982.
The Goldman Sachs Group Inc. said it would cut about 3,260 jobs, or 10
percent of its work force, in the face of what Greenspan called a "once
in a century credit tsunami" that has claimed several of Goldman's rival
investment banks.
Also on Thursday, Chrysler LLC said it would cut 1,825 jobs and Xerox
Corp. said it plans to eliminate 3,000 positions, or 5 percent of its
work force.
Other companies have announced reductions this week: Yahoo Inc. is
cutting 10 percent of its employees, or 1,500 people, drugmaker Merck &
Co. is eliminating 7,200 positions, and financial services firm National
City Corp. will shed 4,000 jobs.
The impact of the job losses is rippling through the economy. As jobs
disappear, foreclosures rise when out-of-work homeowners can no longer
make mortgage payments.
[Article continues]
Associated Press writers Martin Crutsinger in Washington and Tim Paradis
in New York contributed to this report.
[endit]
Note:
"The impact of job losses is rippling through the economy. As jobs
disappear, foreclosures rise ..."
What many seem hesitant to do, is look for the root cause of the job
losses. It is foolish to blame job losses on mortgage foreclosures --
since the mortgage default does not occur until after the job loss.
There must be a cause for the job losses other than the credit slump
caused by the subprime failures, since the subprime failure was cause by
people being unable to make their payments because they had lost their jobs.
What many refuse to consider, is that the contraction, or reduction, of
manufacturing jobs began as an adjustment due to concerns over the
availability of fossil fuel. Experts in industry have been aware of the
limits reached in the Oil Cartel's ability to increase the production
and supply of fuel. Industry and Manufacturing are completely dependent
on the supply of fossil fuel. If the production and supply of fossil
fuel can not increase, then industry and manufacturing can not grow. The
result is that both the supply of fuel and the supply of goods does not
meet the demand, and companies begin to cut production, and jobs.
In a few words, "We are past Peak Oil."
Here is the reality.
Peak Oil
http://tinyurl.com/62u6ow
Olduvai Theory
http://tinyurl.com/3jf9k2
Malthusian catastrophe
http://tinyurl.com/43oktk
and see:
http://www.dieoff.com/
"... upon the earth distress of nations, with perplexity ... Men's
hearts failing them for fear, and for looking after those things which
are coming on the earth..." Luke 21:25-26.
Glenn
His witness
Acts 1:18, Rev 11:2-3
--
www.thelittlebookopened.org [Key words:] "The Little Book";
Glenn McClary, servitum, gaedhealic, oldwetdog |
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Randy ®
Guest
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| Posted: Fri Oct 31, 2008 2:40 am Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
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On Thu, 30 Oct 2008 11:09:32 -0700,
in article <4909f85c$0$7442$39cecf19@news.twtelecom.net>,
Glenn <glenn@spiritone.com> wrote:
| Quote: | Randy ® wrote:
On Thu, 23 Oct 2008 16:15:35 -0700,
in article <49010597$0$7444$39cecf19@news.twtelecom.net>,
Glenn <glenn@spiritone.com> wrote:
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
You'd make a good democrat.
Yet once again you have demonstrated yourself to be a liar.
The OP [reposted below] is an article including the title, "JOB LOSSES
ACCELERATING, AND THE WORST IS AHEAD" written By CHRISTOPHER S. RUGABER,
AP Economics Writer
Yet you, ®andy, clip the post down to the title to make it look like
that title somehow reflects my political position, and ignore that the
information in the post is from the government, which is presently lead
by the Republican Party and guess who? My /political/ POV has nothing to
do with the contents of the article, its title, OR the comments I made.
|
Your statement there doesn't change the fact that you'd make a
good democrat, since like you, they depend on people being
scared of the future, to make room for their political agenda.
--
Christ died for our sins, and God raised Him from the dead.
Rely on this work alone to escape hell and receive eternal
life (Jn. 3:16; 1 Cor. 15:1-3; Eph. 2:8-10; 2 Thess. 1:8-9).
We demolish arguments and every pretension that sets itself
up against the knowledge of God, and we take captive every
thought to make it obedient to Christ. †2 Corinthians 10:5 |
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Glenn
Guest
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| Posted: Fri Oct 31, 2008 6:13 am Post subject: Re: JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD |
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Randy ® wrote:
| Quote: | On Thu, 30 Oct 2008 11:09:32 -0700,
in article <4909f85c$0$7442$39cecf19@news.twtelecom.net>,
Glenn <glenn@spiritone.com> wrote:
Randy ® wrote:
On Thu, 23 Oct 2008 16:15:35 -0700,
in article <49010597$0$7444$39cecf19@news.twtelecom.net>,
Glenn <glenn@spiritone.com> wrote:
JOB LOSSES ACCELERATING, AND THE WORST IS AHEAD
You'd make a good democrat.
Yet once again you have demonstrated yourself to be a liar.
The OP [reposted below] is an article including the title, "JOB LOSSES
ACCELERATING, AND THE WORST IS AHEAD" written By CHRISTOPHER S. RUGABER,
AP Economics Writer
Yet you, ®andy, clip the post down to the title to make it look like
that title somehow reflects my political position, and ignore that the
information in the post is from the government, which is presently lead
by the Republican Party and guess who? My /political/ POV has nothing to
do with the contents of the article, its title, OR the comments I made.
Your statement there doesn't change the fact that you'd make a
good democrat, since like you, they depend on people being
scared of the future, to make room for their political agenda.
|
The width and breadth of your political ignorance is staggering,
exceeded only by the depth of your theological delusions.
Glenn
--
www.thelittlebookopened.org [Key words:] "The Little Book";
Glenn McClary, servitum, gaedhealic, oldwetdog |
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