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American People Do Not Trust Big Government Democratic and Republican Parties and The Political Elitist Establishment In Washington — New Political Party Formed When Independents Represent 50% or More of Voters — When? 2022 or 2024 — Fiscal Responsibility, Limited Constitutional Government, Consumption Tax Replacing All Federal Taxes, and Stopping All Legal and Illegal Immigration Exceeding 1 Million Persons Per Year, Replacing The Warfare and Welfare State With A Peace and Prosperity Economy — Jobs For Everyone — I Have A Dream — The Winner Takes It All — Part 1 — Videos

Posted on December 9, 2014. Filed under: American History, Banking, Blogroll, Business, Central Intelligence Agency (CIA), College, Comedy, Communications, Constitution, Crime, Crisis, Culture, Diasters, Documentary, Economics, Education, Energy, Faith, Family, Federal Bureau of Investigation (FBI), Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, history, Homicide, Law, liberty, Life, Links, Literacy, media, Monetary Policy, Money, Music, Music, Natural Gas, Natural Gas, Oil, Oil, People, Philosophy, Photos, Politics, Radio, Radio, Raves, Resources, Security, Talk Radio, Tax Policy, Taxes, Technology, Video, War, Wealth, Weapons, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 384: December 8, 2014

Pronk Pops Show 383: December 5, 2014

Pronk Pops Show 382: December 4, 2014

Pronk Pops Show 381: December 3, 2014

Pronk Pops Show 380: December 1, 2014

Pronk Pops Show 379: November 26, 2014

Pronk Pops Show 378: November 25, 2014

Pronk Pops Show 377: November 24, 2014

Pronk Pops Show 376: November 21, 2014

Pronk Pops Show 375: November 20, 2014

Pronk Pops Show 374: November 19, 2014

Pronk Pops Show 373: November 18, 2014

Pronk Pops Show 372: November 17, 2014

Pronk Pops Show 371: November 14, 2014

Pronk Pops Show 370: November 13, 2014

Pronk Pops Show 369: November 12, 2014

Pronk Pops Show 368: November 11, 2014

Pronk Pops Show 367: November 10, 2014

Pronk Pops Show 366: November 7, 2014

Pronk Pops Show 365: November 6, 2014

Pronk Pops Show 364: November 5, 2014

Pronk Pops Show 363: November 4, 2014

Pronk Pops Show 362: November 3, 2014

Pronk Pops Show 361: October 31, 2014

Pronk Pops Show 360: October 30, 2014

Pronk Pops Show 359: October 29, 2014

Pronk Pops Show 358: October 28, 2014

Pronk Pops Show 357: October 27, 2014

Pronk Pops Show 356: October 24, 2014

Pronk Pops Show 355: October 23, 2014

Pronk Pops Show 354: October 22, 2014

Pronk Pops Show 353: October 21, 2014

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

 

Story 1: American People Do Not Trust Big Government Democratic and Republican Parties and The Political Elitist Establishment In Washington — New Political Party Formed When Independents Represent 50% or More of Voters — When? 2022 or 2024 — Fiscal Responsibility, Limited Constitutional Government, Consumption Tax Replacing All Federal Taxes, and Stopping All Legal and Illegal Immigration Exceeding 1 Million Persons Per Year, Replacing The Warfare and Welfare State With A Peace and Prosperity Economy — Jobs For Everyone — I Have A Dream — The Winner Takes It All — Part 1 — Videos

 

ABBA – I Have A Dream (From The Late Late Breakfast Show, England 1982)

Abba – The Winner Takes It All

Party Affiliation

Trend: Party affiliation in U.S. plus leaners

http://www.gallup.com/poll/15370/party-affiliation.aspx

 

U.S. Partisanship Shifts to GOP After Midterms

Story Highlights

  • U.S. partisanship shifts to net-Republican after midterms
  • GOP also made gains after 1994 and 2002 midterms
  • Democrats made gains following 2006 midterms

PRINCETON, N.J. — Since the Republican Party’s strong showing on Election Day last month, Americans’ political allegiances have shifted toward the GOP. Prior to the elections, 43% of Americans identified as Democrats or leaned toward the Democratic Party, while 39% identified as or leaned Republican. Since then, Republicans have opened up a slight advantage, 42% to 41%, representing a net shift of five percentage points in the partisanship gap.

U.S. Partisanship Before and After the 2014 Midterm Elections

The pre-election results are based on Gallup Daily tracking interviews with 17,259 U.S. adults, conducted between Oct. 1 and Nov. 4. The post-election interviews are based on 12,671 interviews conducted Nov. 5-30.

There have been similar “bandwagon” effects for the winning party in the past, including after the 1994 and 2002 midterm elections, when Republicans benefited, and after the 2006 election, when Democrats made gains.

U.S. Partisanship Before and After Recent Midterm Elections

The most dramatic shift occurred after the 1994 midterms, in which Republicans picked up more than 50 seats in the House of Representatives to gain a majority in that chamber for the first time in 40 years. Before the 1994 elections, Democrats enjoyed a four-point advantage in party affiliation, but after the GOP wave, Republicans emerged with a 12-point margin, for a total shift of 16 points in the gap.

In 2002, Republicans capitalized on the popularity of George W. Bush to accomplish the rare feat of having the president’s party gain seats in Congress in a midterm election. After that strong showing, partisanship moved from a five-point Democratic edge to a four-point Republican margin.

Four years later, with Bush’s job approval rating stuck below 40%, Democrats gained control of both houses of Congress. An already strong Democratic partisanship advantage of 14 points swelled to 22 points after the election.

Not every “wave” election has produced a distinct shift in a party’s advantage. The 1998 and 2010 midterms were also notable for their outcomes, but did not produce any apparent change in Americans’ basic party loyalties. In 1998, Democrats gained seats in the House even with a Democratic president in office. In 2010, Republicans gained a net of 63 seats in the House to win back control of that chamber. That year, the shifts in party allegiances seemed to be in place before the election, with the smallest Democratic edge seen in any recent midterm year. Consequently, in 2010 it appeared that shifts in party allegiances drove the election results, whereas in other years the election results seemed to produce shifts in party affiliation after the election.

The bandwagon effect can largely be explained by the amount of positive publicity given to the victorious party after its success. However, it is unclear why there would be a bandwagon effect following most midterm elections but not all of them.

No Clear Historical Pattern on How Long Post-Midterm Party Gains Last

One key question is how long the effects persist when they do occur. A review of the three elections with obvious bandwagon effects reveals no consistent pattern.

  • The 1994 Republican surge in partisanship was the largest and the longest lasting. Republicans maintained a healthy eight-point advantage in partisanship through December 1994, and an average four-point advantage from January through March 1995. By April, Democrats had regained a slight edge, and for the most part held it throughout the remainder of the year.
  • The 2002 Republican gains were fairly short-lived, evident in November and December and largely gone by January 2003. However, when the Iraq War commenced in March, Republicans saw another surge in partisanship.
  • The 2006 Democratic gains were the most brief, disappearing by December — though that still left the party with a healthy 12-point edge in partisanship.

Implications

The 2014 midterms were an unqualified success for the Republican Party. The GOP took control of the Senate and expanded its majority in the House, giving Republicans control of both houses of Congress for the first time since 2006. And that success has caused Americans to view the Republican Party more favorably than the Democratic Party, as well as to say congressional Republicans should have more influence than President Barack Obama over the direction the nation takes in the next year. Americans are also now more likely to align themselves politically with the Republican Party than the Democratic Party.

It is not clear how long these good feelings toward the GOP will last. That could be influenced by what Republicans do with their enhanced power. While they are unlikely to achieve many of their major policy objectives with a Democratic president in office, how they and the president navigate the key issues facing the nation over the next two years will go a long way toward determining where each party stands heading into the 2016 presidential election.

Survey Methods

Results for this Gallup poll are based on telephone interviews conducted Nov. 5-30, 2014, on the Gallup U.S. Daily survey, with a random sample of 12,671 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia. For results based on the total sample of national adults, the margin of sampling error is ±1 percentage point at the 95% confidence level.

Each sample of national adults includes a minimum quota of 50% cellphone respondents and 50% landline respondents, with additional minimum quotas by time zone within region. Landline and cellular telephone numbers are selected using random-digit-dial methods.

http://www.gallup.com/poll/179840/partisanship-shifts-gop-midterms.aspx

Obama Loses Support Among White Millennials

Story Highlights

  • Obama job approval among whites aged 18 to 29 is down to 34%
  • White millennials’ approval only 3 points above older whites’
  • Obama approval remains much higher among nonwhite 18-29s

PRINCETON, N.J. — President Barack Obama’s job approval rating in 2014 among white 18- to 29-year-olds is 34%, three points higher than among whites aged 30 and older. This is the narrowest approval gap between the president’s previously strong support base of white millennials and older white Americans since Obama took office.

Obama Job Approval, Younger vs. Older Whites, and All Americans, 2009-2014

By contrast, the president’s approval rating was nine percentage points higher among younger whites in 2009, and 10 points higher in 2010. Additionally, while the president’s approval among younger whites matched his overall national rating in his first two years in office, it is now eight points below the national average. These data underscore the gradual erosion of the disproportionately strong support Obama received from young white voters as he took office in 2009 and ran for re-election in 2012.

The data are based on yearly averages from Gallup’s Daily tracking, including 2014 data through November.

Obama’s support among white millennials has factored into his two presidential election successes. Exit polls conducted after the 2012 election, for example, showed that Obama received 44% of the vote of white 18- to 29-year-olds, about six points higher than he received among whites aged 30 and older. Obama’s 45% job approval rating among 18- to 29-year-old whites in 2012 mirrored these voting results closely. But the president’s 11-point drop among white 18- to 29-year-olds since 2012 is almost double the six-point drop among the national population and among older whites.

Younger Whites’ Approval Now Closer to All Other Age Groups

From a broader perspective, there is relatively little difference today in Obama’s job approval ratings among whites in any of the four major age groups. Whites aged 30 to 49, as well as those 65 and older, have given Obama a 31% approval rating so far in 2014, with 50- to 64-year-olds coming in at 32% and 18- to 29-year-olds at 34%. The spread among age categories was slightly larger in the earliest years of the Obama administration.

Obama Job Approval Among Whites, by Age, 2009-2014

Support Down, but Still Higher Among Nonwhite Than Among White Young People

Although Obama’s approval rating has dropped among black, Hispanic and Asian 18- to 29-year-olds from 2009 to 2014, just as it has among white millennials, the president maintains a much higher level of support among these groups than among whites. Specifically, Obama’s approval is 80% among young blacks, 68% among young Asians, and 55% among Hispanic 18- to 29-year-olds — contrasted with his 34% approval among white young adults.

Age affects Obama’s approval ratings differently among each of these racial and ethnic groups. Obama does slightly less well among black young people than among older blacks, and significantly better among Asians younger than 50 than among those who are older. There is little significant difference in his approval rating by age within the Hispanic population.

Obama Job Approval, by Age and Race/Ethnicity, 2014

Implications

While Obama is significantly more popular among nonwhites than among whites, he was able to count on proportionately stronger support from young whites than older whites in his 2008 and 2012 presidential election campaigns. Now, his support among white millennials appears to be waning, and these young Americans give Obama an approval rating that is only marginally higher than that among older whites.

These findings demonstrate the general importance of race and ethnicity when one talks about Obama’s job approval ratings by age. Obama continues to enjoy higher approval ratings among all 18- to 29-year-olds — regardless of race or ethnicity — than he does among the general population, but this is largely attributable to younger age groups in the U.S. being disproportionately composed of nonwhites. In other words, a big part of the age gap in Obama’s approval ratings today is attributable not so much to differences in approval within racial or ethnic groups, but to the fact that the white population in the U.S. skews older, while the nonwhite population skews younger.

The white vote has become an increasing challenge for Democratic presidential candidates in recent years, as well as Senate candidates in many Southern and swing states. Just this past weekend, a lack of strong support among white voters was instrumental in incumbent Democratic Sen. Mary Landrieu’s loss in Louisiana’s senatorial runoff election. That loss gives the Republicans control of every southern Senate seat from Texas to the Carolinas. While Democrats are likely to be helped in coming years by a growing Hispanic population, Democratic presidential candidates — and senatorial candidates in many states — will continue to need the votes of a substantial minority of white voters in order to put together a winning coalition. Thus, Obama’s continuing loss of support among younger white voters highlights one of the potential challenges ahead for Democratic candidates in 2016.

Survey Methods

Results for this Gallup poll are based on telephone interviews conducted on the Gallup U.S. Daily survey from 2009 through November 2014, with random samples of approximately 355,000 adults, aged 18 and older, living in all 50 U.S. states and the District of Columbia for each of the 2009-2012 yearly samples; approximately 175,000 adults for 2013; and 163,847 adults for Jan. 2-Nov. 30, 2014. For results based on the total sample of national adults in each yearly average, the margin of sampling error is ±1 percentage point at the 95% confidence level. The margin of sampling error for each year’s age subgroups varies by sample size.

Each sample of national adults includes a minimum quota of 50% cellphone respondents and 50% landline respondents, with additional minimum quotas by time zone within region. Landline and cellular telephone numbers are selected using random-digit-dial methods.

http://www.gallup.com/poll/179921/obama-loses-support-among-white-millennials.aspx

how_congress_spends_your_money

About the bar chart and the U.S. Federal Budget.

Bar Chart Data Source: Monthly Treasury Statement (MTS) published by the U. S. Treasury Department. WE DON’T MAKE THIS UP! IT COMES FROM THE U. S. GOVERNMENT! NO ADJUSTMENTS.

The MTS published in October, reports the final actual expenditures for the previous FY. This chart shows FY2014 actual spending data. Here is the link to download your own copy from the Treasury Department web site.

The chart normally shows the proposed budget line for the next fiscal year (FY2015 started 1 October 2014), but Congress has not passed a “budget” for FY2015; we’re still using continuing resolutions to fund the federal government.

The Congressional Budget Office reported on the Federal Debt and the Risk of a Financial Crisis in this report on the non-budget.

NDAC Challenge: Look at the bar chart to find items that are growing and items that are being reduced. Example: One of the largest growth departments is at the Department of Agriculture; it handles Food Stamps (SNAP). You pay taxes, your money is paying for food stamps.

- – – – – – -

Here is a MUST SEE … The Budget in Pictures!

NDAC studies the Budget Proposals submitted to the U.S. Senate each year by the President of the United States and by the House of Representatives. The budget submissions include Budget Historical Tables published by OMB. Expenditures are shown in Table 4.1, scroll way right to find current years actuals and estimates. Our analysis is discussed on the home page of this web site.

“Deficit” vs. “Debt”

Suppose you spend more money this month than your income. This situation is called a “budget deficit”. So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you spend more than your income, another deficit, you must borrow some more, and you’ll still have to pay the interest on your debt (now larger). If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don’t have any money left over for anything else. This situation is known as bankruptcy.

“Reducing the deficit” is a meaningless soundbite. If theDEFICIT is any amount more than ZERO, we have to borrow more and the DEBT grows.

Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress’s appropriations. Here is a direct link to the Congressional Budget Office web site’s deficit analysis. We have to pay interest* on that huge, growing debt; and it dramatically cuts into our budget.

Cut spending??? What would you cut?
[All federal expenses are shown on the chart above].
And there is a lot of missing money! Where is it?
The Treasury Department has the third largest expense in the federal budget. Only Defense andentitlement programs (run by Departments of Health and Human Services, HUD, and Agriculture (food stamps)) spend more. As the debt increases, so does the interest payment. Entitlement spending is the largest item in our federal budget. Do you have “Compassion” for lower income earners? In FY2013 the U. S. Treasury Department spent $416 Billion of your money on interest payments to the holders of the National Debt.
Compare that to NASA at $17B,
Agriculture at $156B,
Labor at $80B,
Transportation at $76B!Can the federal budget be balanced? Here’s a video about that.
When you buy something, all the companies involved in producing and delivering it, were charged a wide range of taxes, and those costs are part of the price ofeverything you buy. The price of everything you buy will go up to cover any business tax increases.You are paying those corporate taxes! Read more about the proposed Energy Tax increases. So don’t forget that the price of fuel is in the cost of everything. The “Economic Stimulus” is shifting us from an “economic crisis” to a debt crisis!Consider this; if businesses could print their own money and give it away to customers so they could buy the products, many folks would be happy for a while; but the businesses would go bankrupt. Well, that’s what our government is currently doing, printing and giving away money.

 

  • It has been reported that about 50% of Americans pay no income tax. But, if those folks buy anything, they pay “embedded taxes”*. Here is a video about taxation.
    *[About 22% of the price of any product you buy is because of taxation on the companies that were involved in that product being produced and being at a place where it could be bought; and that’s before local sales taxes were added.] Every company must cover ALL its costs (including taxation) in the price of its product; or it will go bankrupt.

 

OPPOSING VIEWS AND MORE:

  • Government Programs always cost more than originally predicted. What about Healthcare?

**The Government cannot provide anything to anyone without first taking money from someone else to pay for it.

NOTABLE QUOTES

  • “For society as a whole, nothing comes as a ‘right’ to which we are ‘entitled’. Even bare subsistence has to be produced…. The only way anyone can have a right to something that has to be produced is to force someone else to produce it… The more things are provided as rights, the less the recipients have to work and the more the providers have to carry the load.” Thomas Sowell, quoted in Forbes and Reader’s Digest.
  • According to Mr. Kneeland, “…all dollars come from the people. Where do [you] think Coca-Cola gets the money to pay its taxes, Exxon gets its money to pay the Exxon Valdez fines, Denny’s gets the money to pay its Justice Department fines, or even Microsoft gets the money to defend itself? It all ultimately can come from only one place, and that’s from individuals.” ED: When you buy a product, the price of that product has to cover ALL the costs to get that product to you.
  • “A politician cannot spend one dime on any spending project without first taking that dime from the person who earned it. So, when a politician votes for a spending bill he is saying that he believes the government should spend that particular dollar rather than the individual who worked for it.” Neal Boortz.
  • “There is no such thing as government money – only taxpayer money.” William Weld, quoted in Readers Digest.
  • “Who will provide the roof to protect you from the rain, the heat to comfort you from the cold, and the coffee to fill your stomach when the damn, greedy capitalists are all gone?” – David Berresford, Thursday, May 20, 2010, Canada Free Press.
SOCIAL SECURITYis not part of the Federal Budget (General Fund). It is a separate account from the General Fund, and has its own source of income (“Payroll Tax”). Social Security payments go in the Social Security Trust Fund (SSTF), and should NOT be counted as general revenue. The SSTF is supposed to be used to pay benefits. But, the Government is under NO OBLIGATION to pay Social Security benefits, and has even borrowed substantially fromtheSSTF for general operations!As of August 2010, there is less being paid into the Social Security Trust Fund than is being paid out to beneficiaries. Social Security is now using its “surplus”.Other Government agencies borrowed from that trust fund, and now have to pay it back. But they already spent it! So how will they pay it back? Through bailouts and taxes. Here is a “must read” about the problem. Your payroll taxes are going into a bottomless hole!The Social Security Administration’s FAQ page about the Trust Fund, and their latestReport (May 2011) explain it well.Beware the term “Social Security Surplus”; there is no such thing. Social Security is aPonzi Scheme, there is never more in the Trust Fund than will ever be needed.

Social Security must be fixed. Here is a debate page. And here is more information on the Root Problem with Social Security.

The Government does not have any money, it does nothing to earn money (maybe defense). Government takes money from you and borrows more (from your children), then spends that! The bailouts of 2008 and 2009 are purely deficit spending. Expect to see enormous deficits in the forseeable future, leading to much more debt.Interest payments on that growing debt will become the largest item in the federal budget. On C-SPAN, President Obama boldly told Americans: “We are out of money.” In 1913, when the Federal Reserve was created with the duty of preserving the dollar, one 20-dollar bill could buy one 20-dollar gold piece. Today, fifty 20-dollar bills are needed to buy one 20-dollar gold piece. Under the Fed’s custody, the U.S. dollar has lost 98 percent of its value. The dollar is the storehouse of our wealth. Has the Fed faithfully safeguarded that storehouse? Thomas Jefferson said, “In questions of power let us hear no more of trust in men, but bind them down from mischief with the chains of the Constitution.”

http://www.federalbudget.com/

U.S. Debt Clock

http://www.usdebtclock.org/

where-did-your-tax-dollar-go-600americas-deficit-federal-spending-600spending-cuts-680budget-entitlement-programs-680national-defense-spending-680impact-medicare-spending-growth-680federal-spending-per-household-680

U.S. Debt Clock

http://www.usdebtclock.org/

The GOP’s ‘Cromnibus’ Compromise

Republicans look to strike back after the president’s executive action on immigration.

House Speaker John Boehner answers questions during his weekly press conference on Dec. 4, 2014, in Washington, D.C.

House Speaker John Boehner has acknowledged that there is no simple way for the GOP to undue the president’s executive action on immigration reform.

By Dec. 8, 2014
A perfect storm of historic dysfunction combined with a lame-duck Congress, a looming power change in the Senate, a budget deadline, the holidays and the countdown to the 2016 elections has not prodded lawmakers to make compromises or to do their basic budgetary work. It has, however, led to a brand-new Washington term. Enter the “cromnibus.”

That’s the name being assigned to a tortured GOP strategy to stick it to President Barack Obama and make a bold statement on immigration and border security – all while avoiding shutting down the federal government right before the holidays, a tactic that didn’t work out so well for the GOP when it happened last year.

Described as a trial balloon, the approach was floated by House Speaker John Boehner at the party’s Tuesday morning meeting last week. The GOP plan goes like this: Congress would pass an omnibus funding bill to keep almost the entire government running into September 2015. However, the Department of Homeland Security – the department that deals with the implementation of Obama’s executive action on immigration, which the Republicans hate – would limp along on a mere continuing resolution that would fund it until sometime next March. That would give Republicans time and opportunity to pressure the Obama administration into backing off its executive action somehow – or at least isolate the DHS budget so Republicans, who next year will control both the House and Senate, could deny the funds needed to implement the action. Meanwhile, House members were given a chance, before recessing for the year, to take what is widely regarded as a show vote to undo the executive action.

[READ: Republicans Use Gridlock Because It Works]

This way, lawmakers explained, House Republicans can vent about border security, Obama and the use of an executive action to grant temporary legal status to more than 4 million people in the country illegally, all without suffering the political consequences of another government shutdown.

Boehner acknowledged that there’s no easy way for congressional Republicans to undo Obama’s executive action; rank-and-file members have thrown around ideas ranging from refusing to provide funds to implement the action to a lawsuit or impeachment.

Each has its logistical and political complications: Refusing to fund Homeland Security could make Republicans look like they don’t care about the safety of the nation’s citizens; a lawsuit (even if the House is deemed to have standing to sue) could cause a political backlash; and impeachment could lead to a repeat of 1998, when a similar action against former President Bill Clinton backfired against the GOP.

Pictured: Immigration reform protesters, left, and tea party protesters, right.

In countering Obama on immigration, the GOP has to weigh the interests of the Hispanic community against the ideals of the party’s base.

And Republicans must be mindful of two important constituencies in 2016 – the GOP base, which wants the action undone and might reject a presidential primary candidate who won’t commit to doing so, and the Hispanic community, which might align itself even more firmly against Republicans if the GOP commits to a policy that would break up families living here with temporary legal status.

“We’re looking at a variety of options, both for right now and when Republicans control both houses of the Congress next year,” Boehner, R-Ohio, told reporters. “Frankly, we have limited options and limited abilities to deal with it directly.”

Thus, GOP strategists have proposed the “cromnibus,” a compromise that would keep nearly all agencies and programs humming along until next September (since Congress has been unable to pass any of the appropriations bills that make up the federal budget) and avoid a government shutdown that would occur if nothing is done before the current continuing resolution expires Dec. 11.

[ALSO: NSA Reform Axed From ‘Cromnibus’]

Meanwhile, Homeland Security would be put on a short budgetary leash until March. By that point, Republicans reason, they will be running both chambers of Congress and will be able to pass legislation excising funding for the part of the department that deals with the new executive action, killing it by starvation.

“The most effective thing we can do is to limit spending,” says Rep. John Fleming, R-La. While Fleming says Obama is assuming excessive powers as the nation’s chief executive, “we’ve got our own power – the power of the purse,” he adds.

Graphic quote by Rep. John Fleming, R-La.: "Republicans are blamed for everything, anyway. What difference does it make?”

But Fleming, like some other House conservatives, is irked by the idea that the House should wait until next year to go full-force against the immigration action – meaning Boehner may need House Democrats to get such a plan approved.

“I don’t think anybody wants a shutdown,” says Rep. Matt Salmon, R-Ariz. But “I think we have significant leverage.”

The simmering rebellion by House conservatives means Boehner is likely to continue to face the same internal divisions he’s had since 2011, when a wave of new tea party-aligned lawmakers gave the GOP the House majority and demanded a rightward turn in the way the party ran things. That pressure largely drove the 16-day government shutdown in October 2013 – a development polls showed Americans blamed on Republicans. So would the public also blame the GOP if Homeland Security does not get the cash it needs to keep Americans safe?

[MORE: Poll Finds Latino Boost for Obama]

“Republicans are blamed for everything, anyway – what difference does it make?” Fleming says.

However, Senate Democrats are determined not to end their reign with a shutdown, even if the GOP gets blamed for it. Getting almost all of the government funded until next fall would be “a big accomplishment,” Senate Majority Leader Harry Reid, D-Nev., told reporters.

Moreover, the GOP needs to worry about overreach, Democrats say. Any specific effort to undo the executive action is likely to be vetoed by Obama. That leaves Republicans in the same position as they were with the Affordable Care Act. They could hold a series of votes opposing it or defunding it, but none would get signed into law. And the difference with immigration, notes Rep. Elijah Cummings, D-Md., is that the substance of the order (as opposed to the process) is indeed popular with the public, in a way Obamacare is not.

“You’re talking about changing the trajectory of a family’s destiny for generations – that’s deep,” Cummings says.

Opposing Obama’s order as executive overreach might excite the GOP base, but Hispanic families are equally excited about the opportunity to stay intact in the U.S., he adds. For Boehner, the challenge may be keeping his Republican family united.

George Carlin – It’s a big club and you ain’t in it

Senator Ted Cruz: ” Let Me Be Clear, I Don’t Trust The Republicans ” – 5/22/13

Rush Limbaugh On Eric Garner, Fox News Criticism FULL INTERVIEW Rush Limbaugh Fox News Sunday

Krauthammer: A Gov’t Shutdown Would Be A Disaster For Republicans – Lou Dobbs – America’s Newsroom

Nation’s Debt Tops $18 Trillion As Dc Continues To Spend – Cavuto

U.S. Debt Clock

http://www.usdebtclock.org/

Urgent Issue Of Immigration & The Budget – Special Report 1st Segment

Americans: In Obama we don’t trust

President’s Unilateral Action on Immigration Undermines Americans’ Trust

***AMERICANS DONT TRUST THE GOVERNMENT *** there criminals.

Top 10 Government Lies – When said ‘Trust Us’

Krauthammer on Obama: American “People Think This Is Failed Presidency”

Why Shouldn’t I Work for the NSA? (Good Will Hunting)

U.S. Drones kill more people than ISIS: Chris Hedges

Chris Hedges, author, Pulitzer-prize winning journalist and polemicist discusses the importance of resistance to empire, and passionately condemns US foreign policy, saying “There is no difference between a beheading by ISIL and a US drone strike.”

Chris Hedges: The Absurdity of American Empire [FULL INTERVIEW]

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First Good Jobs Report In Years with 321,000 Jobs Created In November With 5.8% Unemployment Rate U-3, 9.1 Million Unemployed — Still 10-12 Million Jobs Short Due To Low Labor Participation Rate of 62.8% — Years Away From Near Full Unemployment Rate of 3% With 67% Labor Participation Rate — National Debt Hits $18 Trillion and Climbing — Videos

Posted on December 6, 2014. Filed under: American History, Banking, Blogroll, British History, Central Intelligence Agency (CIA), College, Communications, Constitution, Crisis, Data, Demographics, Diasters, Economics, Education, Energy, Enivornment, European History, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, Health Care, history, Illegal, Immigration, Inflation, Investments, Islam, Islam, Law, liberty, Life, Links, Literacy, Macroeconomics, media, Microeconomics, Monetary Policy, Money, National Security Agency (NSA_, Natural Gas, Natural Gas, Nuclear Power, Obamacare, Oil, Oil, People, Philosophy, Photos, Politics, Press, Psychology, Public Sector, Radio, Raves, Regulations, Religion, Resources, Security, Shite, Sunni, Talk Radio, Tax Policy, Taxes, Technology, Terrorism, Unemployment, Video, War, Wealth, Weapons | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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Pronk Pops Show 383: December 5, 2014

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Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Story 1: First Good Jobs Report In Years with 321,000 Jobs Created In November With 5.8% Unemployment Rate U-3, 9.1  Million Unemployed — Still 10-12 Million Jobs Short Due To Low Labor Participation Rate of 62.8% — Years Away From Near Full Unemployment Rate of 3% With 67% Labor Participation Rate — National Debt Hits $18 Trillion and Climbing —  Videos

national-debt-wave

37b-cartoon Cartoon-Stretched-Thin-ALG-600 national_debt

sinkhole-cartoon_thumb

U.S. Debt Clock

http://www.usdebtclock.org/

 

sgs-emp

http://www.shadowstats.com/alternate_data/unemployment-charts

private sector payroll employment monthly change

gdp_large

world-oil-supplyunnamed

Crude Oil Brent

Latest Price & Chart for Crude Oil Brent

End of day Commodity Futures Price Quotes for Crude Oil Brent

oil_spot

 http://www.nasdaq.com/markets/crude-oil-brent.aspx#ixzz3LA0mUyxX

OilPriceChartDec2014

Get Ready for More Layoffs and Higher Unemployment

Ep 28: Media Spins Horrible Holiday Sales as Reflecting Economic Strength

The Real Reason for Falling Oil and Gas Prices

Crude Oil Drop – Richard Perrin – December 5, 2014

Could Oil Fall To $60?

Series Preview: The Global Drop in Oil Prices

Falling Gas Prices Impact US Oil Extraction

Over $150 Billion of Oil Projects Face Axe in 2015

Nook Fail, Jobs Report, Buffet backs Clinton – Today’s Investor News

Mohamed El-Erian: Nov. Jobs Report Is Great News for Economy

Hiring surge: 321k jobs added in November

Employment Situation Report – November 2014

Labor Force Statistics from the Current Population Survey

Employment Level

147,287,000

Series Id:           LNS12000000
Seasonally Adjusted
Series title:        (Seas) Employment Level
Labor force status:  Employed
Type of data:        Number in thousands
Age:                 16 years and over

 

employment level

 

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 136559(1) 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047
2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426
2003 137417(1) 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411
2004 138472(1) 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125
2005 140245(1) 140385 140654 141254 141609 141714 142026 142434 142401 142548 142499 142752
2006 143150(1) 143457 143741 143761 144089 144353 144202 144625 144815 145314 145534 145970
2007 146028(1) 146057 146320 145586 145903 146063 145905 145682 146244 145946 146595 146273
2008 146378(1) 146156 146086 146132 145908 145737 145532 145203 145076 144802 144100 143369
2009 142152(1) 141640 140707 140656 140248 140009 139901 139492 138818 138432 138659 138013
2010 138451(1) 138599 138752 139309 139247 139148 139179 139427 139393 139111 139030 139266
2011 139287(1) 139422 139655 139622 139653 139409 139524 139904 140154 140335 140747 140836
2012 141677(1) 141943 142079 141963 142257 142432 142272 142204 142947 143369 143233 143212
2013 143384(1) 143464 143393 143676 143919 144075 144285 144179 144270 143485 144443 144586
2014 145224(1) 145266 145742 145669 145814 146221 146352 146368 146600 147283 147287
1 : Data affected by changes in population controls.

 

Civilian Labor Force Level

156,397,000

Civilian Labor Force


Series Id:           
LNS11000000
Seasonally Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154063(1) 153653 153908 153769 154303 154313 154469 154641 154570 154876 154639 154655
2009 154210(1) 154538 154133 154509 154747 154716 154502 154307 153827 153784 153878 153111
2010 153404(1) 153720 153964 154642 154106 153631 153706 154087 153971 153631 154127 153639
2011 153198(1) 153280 153403 153566 153526 153379 153309 153724 154059 153940 154072 153927
2012 154328(1) 154826 154811 154565 154946 155134 154970 154669 155018 155507 155279 155485
2013 155699(1) 155511 155099 155359 155609 155822 155693 155435 155473 154625 155284 154937
2014 155460(1) 155724 156227 155421 155613 155694 156023 155959 155862 156278 156397
1 : Data affected by changes in population controls.

 

Labor Force Participation Rate

62.8%

Labor Participation Rate

Series Id: LNS11300000

Seasonally Adjusted
Series title: (Seas) Labor Force Participation Rate
Labor force status: Civilian labor force participation rate
Type of data: Percent or rate
Age: 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 67.3 67.3 67.3 67.3 67.1 67.1 66.9 66.9 66.9 66.8 66.9 67.0
2001 67.2 67.1 67.2 66.9 66.7 66.7 66.8 66.5 66.8 66.7 66.7 66.7
2002 66.5 66.8 66.6 66.7 66.7 66.6 66.5 66.6 66.7 66.6 66.4 66.3
2003 66.4 66.4 66.3 66.4 66.4 66.5 66.2 66.1 66.1 66.1 66.1 65.9
2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.2 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
2011 64.2 64.2 64.2 64.2 64.2 64.0 64.0 64.1 64.2 64.1 64.1 64.0
2012 63.7 63.9 63.8 63.7 63.8 63.8 63.7 63.5 63.6 63.7 63.6 63.6
2013 63.6 63.5 63.3 63.4 63.4 63.5 63.4 63.2 63.2 62.8 63.0 62.8
2014 63.0 63.0 63.2 62.8 62.8 62.8 62.9 62.8 62.7 62.8 62.8

 

Unemployment Level

9,110,000

 

Series Id:           LNS13000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over

unemployment level

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7685 7497 7822 7637 8395 8575 8937 9438 9494 10074 10538 11286
2009 12058 12898 13426 13853 14499 14707 14601 14814 15009 15352 15219 15098
2010 14953 15121 15212 15333 14858 14483 14527 14660 14578 14520 15097 14373
2011 13910 13858 13748 13944 13873 13971 13785 13820 13905 13604 13326 13090
2012 12650 12883 12732 12603 12689 12702 12698 12464 12070 12138 12045 12273
2013 12315 12047 11706 11683 11690 11747 11408 11256 11203 11140 10841 10351
2014 10236 10459 10486 9753 9799 9474 9671 9591 9262 8995 9110

Unemployment Rate U-3

5.8%

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over
unemployment rate

 

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.7 9.8 9.9 9.9 9.6 9.4 9.5 9.5 9.5 9.5 9.8 9.4
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.2 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.8 7.9
2013 7.9 7.7 7.5 7.5 7.5 7.5 7.3 7.2 7.2 7.2 7.0 6.7
2014 6.6 6.7 6.7 6.3 6.3 6.1 6.2 6.1 5.9 5.8 5.8

 

Employment -Population Ratio

5.9%

Series Id:           LNS12300000
Seasonally Adjusted
Series title:        (Seas) Employment-Population Ratio
Labor force status:  Employment-population ratio
Type of data:        Percent or rate
Age:                 16 years and over

employment population ratio

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 64.6 64.6 64.6 64.7 64.4 64.5 64.2 64.2 64.2 64.2 64.3 64.4
2001 64.4 64.3 64.3 64.0 63.8 63.7 63.7 63.2 63.5 63.2 63.0 62.9
2002 62.7 63.0 62.8 62.7 62.9 62.7 62.7 62.7 63.0 62.7 62.5 62.4
2003 62.5 62.5 62.4 62.4 62.3 62.3 62.1 62.1 62.0 62.1 62.3 62.2
2004 62.3 62.3 62.2 62.3 62.3 62.4 62.5 62.4 62.3 62.3 62.5 62.4
2005 62.4 62.4 62.4 62.7 62.8 62.7 62.8 62.9 62.8 62.8 62.7 62.8
2006 62.9 63.0 63.1 63.0 63.1 63.1 63.0 63.1 63.1 63.3 63.3 63.4
2007 63.3 63.3 63.3 63.0 63.0 63.0 62.9 62.7 62.9 62.7 62.9 62.7
2008 62.9 62.8 62.7 62.7 62.5 62.4 62.2 62.0 61.9 61.7 61.4 61.0
2009 60.6 60.3 59.9 59.8 59.6 59.4 59.3 59.1 58.7 58.5 58.6 58.3
2010 58.5 58.5 58.5 58.7 58.6 58.5 58.5 58.6 58.5 58.3 58.2 58.3
2011 58.4 58.4 58.4 58.4 58.4 58.2 58.2 58.3 58.4 58.4 58.5 58.5
2012 58.5 58.5 58.6 58.5 58.6 58.6 58.5 58.4 58.6 58.8 58.7 58.6
2013 58.6 58.6 58.5 58.6 58.7 58.7 58.7 58.6 58.6 58.2 58.6 58.6
2014 58.8 58.8 58.9 58.9 58.9 59.0 59.0 59.0 59.0 59.2 59.2

 

Unemployment Rate 16-19 Years Old

17.7%


Series Id:           
LNS14000012
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate – 16-19 yrs.
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 to 19 yearsteenage unemployment rate

 

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 12.7 13.8 13.3 12.6 12.8 12.3 13.4 14.0 13.0 12.8 13.0 13.2
2001 13.8 13.7 13.8 13.9 13.4 14.2 14.4 15.6 15.2 16.0 15.9 17.0
2002 16.5 16.0 16.6 16.7 16.6 16.7 16.8 17.0 16.3 15.1 17.1 16.9
2003 17.2 17.2 17.8 17.7 17.9 19.0 18.2 16.6 17.6 17.2 15.7 16.2
2004 17.0 16.5 16.8 16.6 17.1 17.0 17.8 16.7 16.6 17.4 16.4 17.6
2005 16.2 17.5 17.1 17.8 17.8 16.3 16.1 16.1 15.5 16.1 17.0 14.9
2006 15.1 15.3 16.1 14.6 14.0 15.8 15.9 16.0 16.3 15.2 14.8 14.6
2007 14.8 14.9 14.9 15.9 15.9 16.3 15.3 15.9 15.9 15.4 16.2 16.8
2008 17.8 16.6 16.1 15.9 19.0 19.2 20.7 18.6 19.1 20.0 20.3 20.5
2009 20.7 22.3 22.2 22.2 23.4 24.7 24.3 25.0 25.9 27.2 26.9 26.7
2010 26.0 25.6 26.2 25.4 26.5 26.0 25.9 25.6 25.8 27.3 24.8 25.3
2011 25.5 24.1 24.3 24.5 23.9 24.8 24.8 25.1 24.5 24.2 24.1 23.3
2012 23.5 23.8 24.8 24.6 24.2 23.7 23.7 24.4 23.8 23.8 23.9 24.0
2013 23.5 25.2 23.9 23.7 24.1 23.8 23.4 22.6 21.3 22.0 20.8 20.2
2014 20.7 21.4 20.9 19.1 19.2 21.0 20.2 19.6 20.0 18.6 17.7

 

Average Weeks Unemployed

33.0%

 


Series Id:           LNS13008275
Seasonally Adjusted
Series title:        (Seas) Average Weeks Unemployed
Labor force status:  Unemployed
Type of data:        Number of weeks
Age:                 16 years and over

average weeks unemployed
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 13.1 12.6 12.7 12.4 12.6 12.3 13.4 12.9 12.2 12.7 12.4 12.5
2001 12.7 12.8 12.8 12.4 12.1 12.7 12.9 13.3 13.2 13.3 14.3 14.5
2002 14.7 15.0 15.4 16.3 16.8 16.9 16.9 16.5 17.6 17.8 17.6 18.5
2003 18.5 18.5 18.1 19.4 19.0 19.9 19.7 19.2 19.5 19.3 19.9 19.8
2004 19.9 20.1 19.8 19.6 19.8 20.5 18.8 18.8 19.4 19.5 19.7 19.4
2005 19.5 19.1 19.5 19.6 18.6 17.9 17.6 18.4 17.9 17.9 17.5 17.5
2006 16.9 17.8 17.1 16.7 17.1 16.6 17.1 17.1 17.1 16.3 16.2 16.1
2007 16.3 16.7 17.8 16.9 16.6 16.5 17.2 17.0 16.3 17.0 17.3 16.6
2008 17.5 16.9 16.5 16.9 16.6 17.1 17.0 17.7 18.6 19.9 18.9 19.9
2009 19.8 20.2 20.9 21.7 22.4 23.9 25.1 25.3 26.6 27.5 28.9 29.7
2010 30.3 29.9 31.6 33.3 33.9 34.5 33.8 33.6 33.4 34.2 33.9 34.8
2011 37.2 37.5 39.2 38.7 39.5 39.7 40.4 40.2 40.2 39.1 40.3 40.7
2012 40.1 40.0 39.4 39.3 39.6 40.0 38.8 39.1 39.4 40.3 39.2 38.0
2013 35.4 36.9 37.0 36.6 36.9 35.7 36.7 37.0 36.8 36.0 37.1 37.1
2014 35.4 37.1 35.6 35.1 34.5 33.5 32.4 31.7 31.5 32.7 33.0

Not In Labor Force

2,109,000


Series Id:                       LNU05026642
Not Seasonally Adjusted
Series title:                    (Unadj) Not in Labor Force, Searched For Work and Available
Labor force status:              Not in labor force
Type of data:                    Number in thousands
Age:                             16 years and over
Job desires/not in labor force:  Want a job now
Reasons not in labor force:      Available to work now

Not In Labor force
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 1207 1281 1219 1216 1113 1142 1172 1097 1166 1044 1100 1125 1157
2001 1295 1337 1109 1131 1157 1170 1232 1364 1335 1398 1331 1330 1266
2002 1532 1423 1358 1397 1467 1380 1507 1456 1501 1416 1401 1432 1439
2003 1598 1590 1577 1399 1428 1468 1566 1665 1544 1586 1473 1483 1531
2004 1670 1691 1643 1526 1533 1492 1557 1587 1561 1647 1517 1463 1574
2005 1804 1673 1588 1511 1428 1583 1516 1583 1438 1414 1415 1589 1545
2006 1644 1471 1468 1310 1388 1584 1522 1592 1299 1478 1366 1252 1448
2007 1577 1451 1385 1391 1406 1454 1376 1365 1268 1364 1363 1344 1395
2008 1729 1585 1352 1414 1416 1558 1573 1640 1604 1637 1947 1908 1614
2009 2130 2051 2106 2089 2210 2176 2282 2270 2219 2373 2323 2486 2226
2010 2539 2527 2255 2432 2223 2591 2622 2370 2548 2602 2531 2609 2487
2011 2800 2730 2434 2466 2206 2680 2785 2575 2511 2555 2591 2540 2573
2012 2809 2608 2352 2363 2423 2483 2529 2561 2517 2433 2505 2614 2516
2013 2443 2588 2326 2347 2164 2582 2414 2342 2302 2283 2096 2427 2360
2014 2592 2303 2168 2160 2130 2028 2178 2141 2226 2192 2109

 

Not In Labor Force Searched For Work and Available, Discouraged Reasons For Not Currently Looking

698,000

Series Id:                       LNU05026645
Not Seasonally Adjusted
Series title:                    (Unadj) Not in Labor Force, Searched For Work and Available, Discouraged Reasons For Not Currently Looking
Labor force status:              Not in labor force
Type of data:                    Number in thousands
Age:                             16 years and over
Job desires/not in labor force:  Want a job now
Reasons not in labor force:      Discouragement over job prospects  (Persons who believe no job is available.)

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 236 267 258 331 280 309 266 203 253 232 236 269 262
2001 301 287 349 349 328 294 310 337 285 331 328 348 321
2002 328 375 330 320 414 342 405 378 392 359 385 403 369
2003 449 450 474 437 482 478 470 503 388 462 457 433 457
2004 432 484 514 492 476 478 504 534 412 429 392 442 466
2005 515 485 480 393 392 476 499 384 362 392 404 451 436
2006 396 386 451 381 323 481 428 448 325 331 349 274 381
2007 442 375 381 399 368 401 367 392 276 320 349 363 369
2008 467 396 401 412 400 420 461 381 467 484 608 642 462
2009 734 731 685 740 792 793 796 758 706 808 861 929 778
2010 1065 1204 994 1197 1083 1207 1185 1110 1209 1219 1282 1318 1173
2011 993 1020 921 989 822 982 1119 977 1037 967 1096 945 989
2012 1059 1006 865 968 830 821 852 844 802 813 979 1068 909
2013 804 885 803 835 780 1027 988 866 852 815 762 917 861
2014 837 755 698 783 697 676 741 775 698 770 698

Total Unemployment Rate U-6

11.4%

Series Id:           LNS13327709
Seasonally Adjusted
Series title:        (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status:  Aggregated totals unemployed
Type of data:        Percent or rate
Age:                 16 years and over
Percent/rates:       Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached


Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 7.1 7.2 7.1 6.9 7.1 7.0 7.0 7.1 7.0 6.8 7.1 6.9
2001 7.3 7.4 7.3 7.4 7.5 7.9 7.8 8.1 8.7 9.3 9.4 9.6
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2
2005 9.3 9.3 9.1 8.9 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.6
2006 8.4 8.4 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.1 7.9
2007 8.4 8.2 8.0 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9.0 9.1 9.2 9.7 10.1 10.5 10.8 11.0 11.8 12.6 13.6
2009 14.2 15.2 15.8 15.9 16.5 16.5 16.4 16.7 16.7 17.1 17.1 17.1
2010 16.7 17.0 17.1 17.2 16.6 16.4 16.4 16.5 16.8 16.6 16.9 16.6
2011 16.1 16.0 15.9 16.1 15.8 16.1 16.0 16.1 16.3 15.9 15.6 15.2
2012 15.1 15.0 14.5 14.6 14.8 14.8 14.9 14.7 14.7 14.4 14.4 14.4
2013 14.4 14.3 13.8 13.9 13.8 14.2 13.9 13.6 13.6 13.7 13.1 13.1
2014 12.7 12.6 12.7 12.3 12.2 12.1 12.2 12.0 11.8 11.5 11.4

 

Employment Situation Summary

 

Transmission of material in this release is embargoed until                  USDL-14-2184
8:30 a.m. (EST) Friday, December 5, 2014

Technical information:
 Household data:      (202) 691-6378  •  cpsinfo@bls.gov  •  www.bls.gov/cps
 Establishment data:  (202) 691-6555  •  cesinfo@bls.gov  •  www.bls.gov/ces

Media contact:       (202) 691-5902  •  PressOffice@bls.gov


                             THE EMPLOYMENT SITUATION -- NOVEMBER 2014


Total nonfarm payroll employment increased by 321,000 in November, and the unemployment
rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today.
Job gains were widespread, led by growth in professional and business services, retail
trade, health care, and manufacturing.

Household Survey Data

In November, the unemployment rate held at 5.8 percent, and the number of unemployed
persons was little changed at 9.1 million. Over the year, the unemployment rate and
the number of unemployed persons were down by 1.2 percentage points and 1.7 million,
respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for adult men rose to 5.4 percent
in November. The rates for adult women (5.3 percent), teenagers (17.7 percent), whites
(4.9 percent), blacks (11.1 percent), and Hispanics (6.6 percent) showed little change
over the month. The jobless rate for Asians was 4.8 percent (not seasonally adjusted),
little changed from a year earlier. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little
changed at 2.8 million in November. These individuals accounted for 30.7 percent of
the unemployed. Over the past 12 months, the number of long-term unemployed declined
by 1.2 million. (See table A-12.)

The civilian labor force participation rate held at 62.8 percent in November and has
been essentially unchanged since April. The employment-population ratio, at 59.2
percent, was unchanged in November but is up by 0.6 percentage point over the year.
(See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers), at 6.9 million, changed little in November. These
individuals, who would have preferred full-time employment, were working part time
because their hours had been cut back or because they were unable to find a full-time
job. (See table A-8.)

In November, 2.1 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (The data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for work,
and had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the
survey. (See table A-16.)

Among the marginally attached, there were 698,000 discouraged workers in November,
little different from a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they believe
no jobs are available for them. The remaining 1.4 million persons marginally attached
to the labor force in November had not searched for work for reasons such as school
attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 321,000 in November, compared with an
average monthly gain of 224,000 over the prior 12 months. In November, job growth
was widespread, led by gains in professional and business services, retail trade,
health care, and manufacturing. (See table B-1.)

Employment in professional and business services increased by 86,000 in November,
compared with an average gain of 57,000 per month over the prior 12 months. Within
the industry, accounting and bookkeeping services added 16,000 jobs in November.
Employment continued to trend up in temporary help services (+23,000), management
and technical consulting services (+7,000), computer systems design and related
services (+7,000), and architectural and engineering services (+5,000).

Employment in retail trade rose by 50,000 in November, compared with an average
gain of 22,000 per month over the prior 12 months. In November, job gains occurred
in motor vehicle and parts dealers (+11,000); clothing and accessories stores
(+11,000); sporting goods, hobby, book, and music stores (+9,000); and nonstore
retailers (+6,000).

Health care added 29,000 jobs over the month. Employment continued to trend up in
offices of physicians (+7,000), home health care services (+5,000), outpatient care
centers (+4,000), and hospitals (+4,000). Over the past 12 months, employment in
health care has increased by 261,000.

In November, manufacturing added 28,000 jobs. Durable goods manufacturers accounted
for 17,000 of the increase, with small gains in most of the component industries.
Employment in nondurable goods increased by 11,000, with plastics and rubber products
(+7,000) accounting for most of the gain. Over the year, manufacturing has added
171,000 jobs, largely in durable goods.

Financial activities added 20,000 jobs in November, with half of the gain in insurance
carriers and related activities. Over the past year, insurance has contributed 70,000
jobs to the overall employment gain of 114,000 in financial activities.

Transportation and warehousing employment increased by 17,000 in November, with a
gain in couriers and messengers (+5,000). Over the past 12 months, transportation
and warehousing has added 143,000 jobs.

Employment in food services and drinking places continued to trend up in November
(+27,000) and has increased by 321,000 over the year.

Construction employment also continued to trend up in November (+20,000). Employment in
specialty trade contractors rose by 21,000, mostly in the residential component. Over
the past 12 months, construction has added 213,000 jobs, with just over half the gain
among specialty trade contractors.

In November, the average workweek for all employees on private nonfarm payrolls rose
by 0.1 hour to 34.6 hours. The manufacturing workweek rose by 0.2 hour to 41.1 hours,
and factory overtime edged up by 0.1 hour to 3.5 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls was unchanged at
33.8 hours. (See tables B-2 and B-7.)

Average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents
to $24.66 in November. Over the year, average hourly earnings have risen by 2.1 percent.
In November, average hourly earnings of private-sector production and nonsupervisory
employees increased by 4 cents to $20.74. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised from +256,000
to +271,000, and the change for October was revised from +214,000 to +243,000. With
these revisions, employment gains in September and October combined were 44,000 more
than previously reported.

_____________
The Employment Situation for December is scheduled to be released on Friday,
January 9, 2015, at 8:30 a.m. (EST).



   __________________________________________________________________________________
  |                                                                                  |
  |               Upcoming Changes to the Employment Situation News Release          |
  |                                                                                  |
  |Effective with the release of January 2015 data on February 6, 2015, the U.S.     |
  |Bureau of Labor Statistics will introduce several changes to The Employment       |
  |Situation news release tables.                                                    |
  |                                                                                  |
  |Household survey table A-2 will introduce seasonally adjusted series on the labor |
  |force characteristics of Asians. These series will appear in addition to the not  |
  |seasonally adjusted data for Asians currently displayed in the table. Also, in    |
  |summary table A, the seasonally adjusted unemployment rate for Asians will replace|
  |the not seasonally adjusted series that is currently displayed for the group.     |
  |                                                                                  |
  |Household survey table A-3 will introduce seasonally adjusted series on the labor |
  |force characteristics of Hispanic men age 20 and over, Hispanic women age 20 and  |
  |over, and Hispanic teenagers age 16 to 19. The not seasonally adjusted series for |
  |these groups will continue to be displayed in the table.                          |
  |                                                                                  |
  |The establishment survey will introduce two data series: (1) total nonfarm        |
  |employment, 3-month average change and (2) total private employment, 3-month      |
  |average change. These new series will be added to establishment survey summary    |
  |table B. Additionally, in the employment section of summary table B, the list     |
  |of industries will be expanded to include utilities (currently published in       |
  |table B-1). Also, hours and earnings of production and nonsupervisory employees   |
  |will be removed from summary table B, although these series will continue to be   |
  |published in establishment survey tables B-7 and B-8. A sample of the new summary |
  |table B is available on the BLS website at www.bls.gov/ces/cesnewsumb.pdf.        |
  |__________________________________________________________________________________|




   __________________________________________________________________________________
  |                                                                                  |
  |            Revision of Seasonally Adjusted Household Survey Data                 |
  |                                                                                  |
  |In accordance with usual practice, The Employment Situation news release for      |
  |December 2014, scheduled for January 9, 2015, will incorporate annual revisions in|
  |seasonally adjusted household survey data. Seasonally adjusted data for the most  |
  |recent 5 years are subject to revision.                                           |
  |__________________________________________________________________________________|



 

http://www.bls.gov/news.release/empsit.nr0.htm

 

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted
[Numbers in thousands]

CategoryNov.
2013Sept.
2014Oct.
2014Nov.
2014Change from:
Oct.
2014-
Nov.
2014

Employment status

 

Civilian noninstitutional population

246,567248,446248,657248,844187

Civilian labor force

155,284155,862156,278156,397119

Participation rate

63.062.762.862.80.0

Employed

144,443146,600147,283147,2874

Employment-population ratio

58.659.059.259.20.0

Unemployed

10,8419,2628,9959,110115

Unemployment rate

7.05.95.85.80.0

Not in labor force

91,28392,58492,37892,44769

Unemployment rates

 

Total, 16 years and over

7.05.95.85.80.0

Adult men (20 years and over)

6.75.35.15.40.3

Adult women (20 years and over)

6.25.55.45.3-0.1

Teenagers (16 to 19 years)

20.820.018.617.7-0.9

White

6.15.14.84.90.1

Black or African American

12.411.010.911.10.2

Asian (not seasonally adjusted)

5.34.35.04.8-

Hispanic or Latino ethnicity

8.76.96.86.6-0.2

Total, 25 years and over

5.84.74.74.70.0

Less than a high school diploma

10.68.47.98.50.6

High school graduates, no college

7.35.35.75.6-0.1

Some college or associate degree

6.45.44.84.90.1

Bachelor’s degree and higher

3.42.93.13.20.1

Reason for unemployment

 

Job losers and persons who completed temporary jobs

5,7314,5304,3584,483125

Job leavers

89082979483844

Reentrants

3,0652,8092,8712,773-98

New entrants

1,1691,1051,0631,0641

Duration of unemployment

 

Less than 5 weeks

2,4392,3832,4732,52956

5 to 14 weeks

2,5852,5082,3122,39078

15 to 26 weeks

1,7421,4161,4171,43114

27 weeks and over

4,0442,9542,9162,815-101

Employed persons at work part time

 

Part time for economic reasons

7,7237,1037,0276,850-177

Slack work or business conditions

4,8694,1624,2144,064-150

Could only find part-time work

2,4992,5622,4472,4536

Part time for noneconomic reasons

18,85819,56119,76920,004235

Persons not in the labor force (not seasonally adjusted)

 

Marginally attached to the labor force

2,0962,2262,1922,109-

Discouraged workers

762698770698-

- Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

 

 

 

Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Nov.
2013
Sept.
2014
Oct.
2014(p)
Nov.
2014(p)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

274 271 243 321

Total private

272 249 236 314

Goods-producing

68 36 28 48

Mining and logging

1 6 1 0

Construction

32 18 7 20

Manufacturing

35 12 20 28

Durable goods(1)

19 11 18 17

Motor vehicles and parts

4.7 1.7 2.0 3.0

Nondurable goods

16 1 2 11

Private service-providing(1)

204 213 208 266

Wholesale trade

16.8 2.9 6.1 2.5

Retail trade

22.3 39.9 34.2 50.2

Transportation and warehousing

32.4 7.0 15.3 16.7

Information

1 3 -5 4

Financial activities

-4 14 6 20

Professional and business services(1)

73 66 52 86

Temporary help services

36.6 23.2 19.5 22.7

Education and health services(1)

25 35 37 38

Health care and social assistance

24.4 24.8 31.5 37.2

Leisure and hospitality

37 47 55 32

Other services

-1 0 7 15

Government

2 22 7 7

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES(2)
AS A PERCENT OF ALL EMPLOYEES

Total nonfarm women employees

49.5 49.4 49.4 49.3

Total private women employees

48.0 47.9 47.9 47.9

Total private production and nonsupervisory employees

82.6 82.6 82.6 82.6

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.5 34.5 34.5 34.6

Average hourly earnings

$24.15 $24.54 $24.57 $24.66

Average weekly earnings

$833.18 $846.63 $847.67 $853.24

Index of aggregate weekly hours (2007=100)(3)

99.6 101.4 101.6 102.2

Over-the-month percent change

0.5 0.2 0.2 0.6

Index of aggregate weekly payrolls (2007=100)(4)

114.8 118.7 119.1 120.2

Over-the-month percent change

0.8 0.2 0.3 0.9

HOURS AND EARNINGS
PRODUCTION AND NONSUPERVISORY EMPLOYEES

Total private

Average weekly hours

33.7 33.7 33.8 33.8

Average hourly earnings

$20.30 $20.67 $20.70 $20.74

Average weekly earnings

$684.11 $696.58 $699.66 $701.01

Index of aggregate weekly hours (2002=100)(3)

107.1 109.1 109.6 109.8

Over-the-month percent change

0.5 -0.1 0.5 0.2

Index of aggregate weekly payrolls (2002=100)(4)

145.3 150.6 151.6 152.2

Over-the-month percent change

0.8 -0.1 0.7 0.4

DIFFUSION INDEX(5)
(Over 1-month span)

Total private (264 industries)

66.9 63.4 63.8 69.7

Manufacturing (81 industries)

65.4 59.3 64.2 63.0

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(p) Preliminary

 

EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, TUESDAY, NOVEMBER 25, 2014
BEA 14-59

* See the navigation bar at the right side of the news release text for links to data tables,
contact personnel and their telephone numbers, and supplementary materials.

Lisa S. Mataloni: (202) 606-5304 (GDP) gdpniwd@bea.gov
Kate Shoemaker: (202) 606-5564 (Profits) cpniwd@bea.gov
Jeannine Aversa: (202) 606-2649 (News Media)
National Income and Product Accounts
Gross Domestic Product: Third Quarter 2014 (Second Estimate)
Corporate Profits: Third Quarter 2014 (Preliminary Estimate)
      Real gross domestic product -- the value of the production of goods and services in the United
States, adjusted for price changes -- increased at an annual rate of 3.9 percent in the third quarter of
2014, according to the "second" estimate released by the Bureau of Economic Analysis.  In the second
quarter, real GDP increased 4.6 percent.

      The GDP estimate released today is based on more complete source data than were available for
the "advance" estimate issued last month.  In the advance estimate, the increase in real GDP was 3.5
percent.  With the second estimate for the third quarter, private inventory investment decreased less than
previously estimated, and both personal consumption expenditures (PCE) and nonresidential fixed
investment increased more.  In contrast, exports increased less than previously estimated (see
"Revisions" on page 3).

      The increase in real GDP in the third quarter reflected positive contributions from PCE,
nonresidential fixed investment, federal government spending, exports, residential fixed investment, and
state and local government spending that were partly offset by a negative contribution from private
inventory investment.  Imports, which are a subtraction in the calculation of GDP, decreased.

      The deceleration in the percent change in real GDP reflected a downturn in private inventory
investment and decelerations in exports, in nonresidential fixed investment, in state and local
government spending, in PCE, and in residential fixed investment that were partly offset by a downturn
in imports and an upturn in federal government spending.

      The price index for gross domestic purchases, which measures prices paid by U.S. residents,
increased 1.4 percent in the third quarter, 0.1 percentage point more than in the advance estimate; this
index increased 2.0 percent in the second quarter.  Excluding food and energy prices, the price index for
gross domestic purchases increased 1.6 percent in the third quarter, compared with an increase of 1.7
percent in the second.


_____
FOOTNOTE.  Quarterly estimates are expressed at seasonally adjusted annual rates, unless otherwise
specified.  Quarter-to-quarter dollar changes are differences between these published estimates.  Percent
changes are calculated from unrounded data and are annualized.  "Real" estimates are in chained (2009)
dollars.  Price indexes are chain-type measures.

This news release is available on BEA's Web site along with the Technical Note and Highlights related
to this release.  For information on revisions, see "The Revisions to GDP, GDI, and Their
Major Components."
_____

      Real personal consumption expenditures increased 2.2 percent in the third quarter, compared
with an increase of 2.5 percent in the second.  Durable goods increased 8.7 percent, compared with an
increase of 14.1 percent.  Nondurable goods increased 2.2 percent, the same increase as in the second
quarter.  Services increased 1.2 percent, compared with an increase of 0.9 percent.

      Real nonresidential fixed investment increased 7.1 percent in the third quarter, compared with an
increase of 9.7 percent in the second.  Investment in nonresidential structures increased 1.1 percent,
compared with an increase of 12.6 percent.  Investment in equipment increased 10.7 percent, compared
with an increase of 11.2 percent.  Investment in intellectual property products increased 6.4 percent,
compared with an increase of 5.5 percent.  Real residential fixed investment increased 2.7 percent,
compared with an increase of 8.8 percent.

      Real exports of goods and services increased 4.9 percent in the third quarter, compared with an
increase of 11.1 percent in the second.  Real imports of goods and services decreased 0.7 percent, in
contrast to an increase of 11.3 percent.

      Real federal government consumption expenditures and gross investment increased 9.9 percent
in the third quarter, in contrast to a decrease of 0.9 percent in the second.  National defense increased
16.0 percent, compared with an increase of 0.9 percent.  Nondefense increased 0.4 percent, in contrast to
a decrease of 3.8 percent.  Real state and local government consumption expenditures and gross
investment increased 0.8 percent, compared with an increase of 3.4 percent.

      The change in real private inventories subtracted 0.12 percentage point from the third-quarter
change in real GDP after adding 1.42 percentage points to the second-quarter change.  Private
businesses increased inventories $79.1 billion in the third quarter, following increases of $84.8 billion in
the second quarter and $35.2 billion in the first.

      Real final sales of domestic product -- GDP less change in private inventories -- increased 4.1
percent in the third quarter, compared with an increase of 3.2 percent in the second.


Gross domestic purchases

      Real gross domestic purchases -- purchases by U.S. residents of goods and services wherever
produced -- increased 3.0 percent in the third quarter, compared with an increase of 4.8 percent in the
second.


Gross national product

      Real gross national product -- the value of the goods and services produced by the labor and
property supplied by U.S. residents -- increased 3.8 percent in the third quarter, compared with an
increase of 4.6 percent in the second.  GNP includes, and GDP excludes, net receipts of income from the
rest of the world, which decreased $1.6 billion in the third quarter, in contrast to an increase of $1.4
billion in the second; in the third quarter, receipts decreased $1.1 billion, and payments increased $0.5
billion.


Current-dollar GDP

      Current-dollar GDP -- the market value of the production of goods and services in the United
States -- increased 5.3 percent, or $227.0 billion, in the third quarter to a level of $17,555.2 billion.  In
the second quarter, current-dollar GDP increased 6.8 percent, or $284.2 billion.


Gross domestic income

      Real gross domestic income (GDI), which measures the value of the production of goods and
services in the United States as the costs incurred and the incomes earned on that production, increased
4.5 percent in the third quarter, compared with an increase of 4.0 percent (revised) in the second.  For a
given quarter, the estimates of GDP and GDI may differ for a variety of reasons, including the
incorporation of largely independent source data.  However, over longer time spans, the estimates of
GDP and GDI tend to follow similar patterns of change.


Revisions

      The upward revision to the percent change in real GDP primarily reflected upward revisions to
private inventory investment, to personal consumption expenditures, and to nonresidential fixed
investment that were partly offset by a downward revision to exports and an upward revision to imports.


                                         Advance Estimate  Second Estimate

                                     (Percent change from preceding quarter)
Real GDP...............................         3.5            3.9
Current-dollar GDP.....................         4.9            5.3
Real GDI...............................         --             4.5
Gross domestic purchases price index...         1.3            1.4
Corporate Profits


Profits from current production

      Profits from current production (corporate profits with inventory valuation adjustment (IVA) and
capital consumption adjustment (CCAdj)) increased $43.8 billion in the third quarter, compared with an
increase of $164.1 billion in the second.

      Profits of domestic financial corporations increased $20.3 billion in the third quarter, compared
with an increase of $33.3 billion in the second.  Profits of domestic nonfinancial corporations increased
$22.5 billion, compared with an increase of $134.3 billion.  The rest-of-the-world component of profits
increased $1.0 billion, in contrast to a decrease of $3.6 billion.  This measure is calculated as the
difference between receipts from the rest of the world and payments to the rest of the world.  In the third
quarter, receipts were unchanged, and payments decreased $1.0 billion.

      Taxes on corporate income decreased $4.8 billion in the third quarter, in contrast to an increase
of $45.7 billion in the second.  Profits after tax with IVA and CCAdj increased $48.6 billion, compared
with an increase of $118.4 billion.

      Dividends decreased $3.9 billion in the third quarter, compared with a decrease of $0.5 billion in
the second.  Undistributed profits increased $52.5 billion, compared with an increase of $118.8 billion.
Net cash flow with IVA -- the internal funds available to corporations for investment -- increased $25.1
billion, compared with an increase of $133.4 billion.

	The IVA and CCAdj are adjustments that convert inventory withdrawals and depreciation of
fixed assets reported on a tax-return, historical-cost basis to the current-cost economic measures used in
the national income and product accounts.  The IVA increased $16.8 billion in the third quarter,
compared with an increase of $11.9 billion in the second.  The CCAdj increased $1.2 billion, in contrast
to a decrease of $0.8 billion.


Gross value added of nonfinancial domestic corporate business

      In the third quarter, real gross value added of nonfinancial corporations increased, and profits per
unit of real gross value added increased.  The increase in unit profits reflected an increase in unit prices
that was partly offset by an increase in unit nonlabor costs; unit labor costs were unchanged.


                                     *          *          *

      BEA's national, international, regional, and industry estimates; the Survey of Current Business;
and BEA news releases are available without charge on BEA's Web site at www.bea.gov.  By visiting
the site, you can also subscribe to receive free e-mail summaries of BEA releases and announcements.


                                     *          *          *


                     Next release -- December 23, 2014 at 8:30 A.M. EST for:
                  Gross Domestic Product:  Third Quarter 2014 (Third Estimate)
                    Corporate Profits:  Third Quarter 2014 (Revised Estimate)


                                     *          *          *


Release dates in 2015


Gross Domestic Product

                 2014: IV and 2014 annual     2015: I          2015: II          2015: III

Advance....           January 30              April 29         July 30           October 29
Second.....           February 27             May 29           August 27         November 24
Third......           March 27                June 24          September 25      December 22


Corporate Profits

Preliminary...        ..                      May 29           August 27         November 24
Revised.......        March 27                June 24          September 25      December 22

http://bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

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Reviving The United States, European and Japanese Economies With Saudi Oil Production and Plummeting Oil Prices — How Low and For How Long Will This Continue? — Punishing Iran and Russian Economies Dependent Upon High Oil Prices For Exports — Videos

Posted on December 2, 2014. Filed under: American History, Blogroll, College, Communications, Crisis, Data, Documentary, Economics, Education, Employment, Energy, Enivornment, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government, government spending, history, Law, liberty, Life, Links, Literacy, media, Natural Gas, Natural Gas, Oil, Oil, People, Philosophy, Photos, Politics, Resources, Security, Talk Radio, Tax Policy, Unemployment, Video, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , |

oil production

Why are oil prices falling – explained in 60 seconds?

Plunging Prices for Oil 

How will plunging oil prices affect the economy?

PRIME TIME NEWS 22:00 OPEC refuses to cut production, oil prices slump

OPEC Curtain Raiser

Plunging Oil Prices Have Unpredictable Impact on Politics, Economics

The Real Reason for Falling Oil and Gas Prices

Will OPEC Spark Oil Price War With Production Cuts?

Oil Prices Tumble Again: How Long Will This Go On?

Series Preview: The Global Drop in Oil Prices

Stratfor Vice President of Global Analysis Reva Bhalla and Global Energy Analyst Matt Bey discuss highlights of an upcoming series on the geopolitical impact of oil below $90 a barrel.
For more analysis, visit: http://www.Stratfor.com

“USA-SAUDI ARABIA” WILL PAY FOR THEIR “OIL PRICE MANIPULATIONS”!

Impact of Low Oil Prices: Petro Power or Petro Poverty?

Top 10 Oil Producing Countries in the World 2013-2014 -

At present transportation has become the major sector in the world which has facilitated all the people living around the different countries.So there is a need of billions barrels of fuel. There is no country in the world which has not the need of fuel, so there are several countries which are producing the fuels at their own resources while some countries are importing fuel from the other producers just to survive their transportation as well as the industrial sector.

So its importance can not be denied because its precious resources are also known as black gold.The nations having largest reserves in their geographical boundaries are considered the luckiest and richest countries. Following is a list of top ten countries which are considered the largest oil producers in the world.

List of Top 10 Largest Oil Producing Countries in the world 2013

1. Saudi Arabia

Top 10 oil producing countries, the biggest oil producers, oil production by country

Saudi Arabia is the world’s largest oil-producing and exporting country producing more than 11.75 million barrels per day which is more than 13% of world’s entire output. It has very good reputation in the Muslim countries around the world having the number of Islamic historical places.

2. United States

Top 10 oil producing countries, the biggest oil producers, oil production by country

USA is the 2nd largest oil-producing nation it is not only the second biggest producer.Although it has it has a huge amount of production and more than 21 billion barrels proven reserves yet it is an oil importing country because it has the highest fuel consumption rate than other countries .It is producing more than 10.59 million barrels per day which is about 12% of the world’s over all production.

3. Russia

Russia has the 11.4% share in the world’s entire production.Its reserves are accounted more than 60 billion barrels making it the third biggest oil-producing country around the globe.

Russian-Oil-Reserves

4. China

Top 10 oil producing countries, the biggest oil producers, oil production by country

China is officially recognized as People Republic of China which is the largest country in the world by its population. Most of its cities are considered the largest cities of the world by population.It is the fourth largest oil-producing country in the world with daily production of 4.19 billion barrels which is 4.7% of world’s total production.China is World’s Largest Rice Producing country click here to see its annual rice output.

5. Iran

Top 10 oil producing countries, the biggest oil producers, oil production by country

Iran is the fifth nation in the ranking list of top 10 largest oil-producing countries in the world. It has 4.6 % share in the world’s overall production which more than 4.13 million barrels per day production.

6. Canada

Top 10 oil producing countries, the biggest oil producers, oil production by country

Canada has a fantastic and stable economy in the world. It one of the biggest oil-producing nations around the globe having more than 179 billion barrels proven reserves. Its daily production is 3.92 million barrels which is 4.4% of world’s total production.

7. United Arab Emirates

Top 10 oil producing countries, the biggest oil producers, oil production by country

UAE is producing 3.23 million barrels oil per day which is 3.6% of the world production. Its further oil reserves are accounted more than 98 billion barrels.UAE is going to increase it’s per day production up to 5 million barrels in the next coming years. And according to a recent estimate United States of Arab Emirates has further reserves enough for the next 93 years.UAE is the 7th richest country in the world by per capita GDP.

8. Mexico

Top 10 oil producing countries, the biggest oil producers, oil production by country

Mexico is officially recognized as United Mexican States covering the total area of 1,972,550 square km. it has the 8th rank in the list of top ten largest oil producers in the world.  It is producing 2.95 million barrels per day which is the 3.3 percent of the global output.

9. Brazil

Top 10 oil producing countries, the biggest oil producers, oil production by country

Brazil is the 9th largest oil-producing nation in the world, its production share in the global output is 3.15%. It is producing 2.8 million barrels per day. Brazil has already 12.86 billion barrels proven oil reserves and according to an estimate, which is expected to increase after the discovery of Jupiter Oil Field.

10. Kuwait

Top 10 oil producing countries, the biggest oil producers, oil production by country

Kuwait is the 9th richest country in the world having the strongest currency rate in the world. It has more than 104 billion barrels in its proven oil reserves while its share in the world’s entire oil output is accounted for 3.1% making it the 10th largest oil-producing country in the world. It is producing about 2.75 million barrels per day.

Question of the day

Q : what country produces the most oil in the world?

Ans : At present Saudi Arabia the biggest oil producer in the world having 11.75 billion barrels daily production which is 13% of world’s total output.

- See more at: http://www.thecountriesof.com/top-10-oil-producing-countries-in-the-world-2013-2014/#sthash.oTfzW92z.dpuf

As oil prices plunge, wide-ranging effects for consumers and the global economy

By Steven Mufson

Tumbling oil prices are draining hundreds of billions of dollars from the coffers of oil-rich exporters and oil companies and injecting a much-needed boost for ailing economies in Europe and Japan — and for American consumers at the start of the peak shopping season.

The result could be one of the biggest transfers of wealth in history, potentially reshaping everything from talks over Iran’s nuclear program to the Federal Reserve’s policies to further rejuvenate the U.S. economy.

The price of oil has declined about 40 percent since its peak in mid-June and plunged last week after the Organization of the Petroleum Exporting Countries voted to continue to pump at the same rate. That continued a trend driven by a weak global economy and expanding U.S. domestic energy supplies.

The question facing investors, companies and policymakers is how low oil prices will go — and for how long. Every day, American motorists are saving $630 million on gasoline compared with what they paid at June prices, and they would get a $230 billion windfall if prices were to stay this low for a year. The vast majority of that will flow into the economy, with lower-income households living on tight budgets likely to use money not otherwise spent on gas to buy groceries, clothing and other staples.

On Monday, the average U.S. price for a gallon of regular-grade gasoline was $2.77, according to AAA, which projects that prices could drop by an additional 10 to 20 cents.
(The Washington Post)
Big American companies are better off, too. Every penny the price of jet fuel declines means savings of $40 million for Delta Air Lines, the company’s chief executive said in a recent CBS interview.

(Related stories: A simple guide to the sudden collapse in oil prices
How plunging oil prices could affect your pocketbook

Could gas prices go as low as $2 a gallon?)

“Despite the impressive recent gains in natural gas and crude oil production, the U.S. still is a net importer of energy,” William C. Dudley, president of the Federal Reserve Bank of New York, said Monday at Bernard Baruch College. “As a result, falling energy prices are beneficial for our economy and should be a strong spur to consumer spending.”
An employee changes figures on a board showing currency exchange rates in Moscow on Monday. (Sergei Karpukhin/Reuters)
Although falling oil prices lower inflation, the Federal Reserve tends to view that as a fleeting effect that would not alter its underlying judgments about policy. Nonetheless, Dudley said, “the slump in oil prices may also help to persuade” the European and Japanese central banks to implement further monetary easing as prices remain subdued.

The consequences of the decline in oil prices are also evident in politics and pocketbooks.

At current prices, the annual revenue of OPEC members would shrink by $590 billion, money that will instead stay within the borders of the world’s biggest oil importers, led by the United States, China and Japan.

The size of the global economy will “easily be between 0.5 percent and 1.0 percent higher as a result of the decline in oil prices,” wrote Andrew Kenningham, senior global economist for London-based Capital Economics.

The 40 percent drop in the price of the international benchmark Brent-grade crude oil over the past five months will reduce annual revenue to oil producers worldwide by a whopping $1.5 trillion.

“Those losses are staggering,” Edward Yardeni, president of Yardeni Research, wrote to investors Monday.

The losers include Russia, where the value of the ruble has been crumbling, inflation has crept up to more than an 8 percent rate and oil prices have done more to hurt the economy than Western sanctions.

In Iran, whose economy and government budget rely heavily on oil sales, low prices could intensify the effect of sanctions that have curbed the country’s oil exports in an effort to pressure the regime into reaching a diplomatic accord on its nuclear program.
In Venezuela, dwindling oil revenue has exacerbated an economic crisis that is also tied to fuel subsidies, price controls and generous social programs.

In the United States, there are losers, too — mostly in the oil patch. The oil services giant Halliburton has lost 44 percent of its value since July 23. Heavily indebted Continental Resources, a huge shale oil producer in North Dakota’s Bakken region, has lost half its value since Aug. 29. Even BP, a big, integrated firm, has lost a quarter of its value in just the past few months.

“It happened so fast, it’s been a shock to the system,” said Scott D. Sheffield, chief executive of Pioneer Natural Resources. Sheffield said that if oil prices had stayed between $90 and $100 a barrel, Pioneer would have added 10 new rigs to its fleet of 40, nearly all drilling shale oil wells. Now he is going to wait and see before announcing capital spending plans in February.

The prospect of low oil prices over an extended period grew much stronger last week after OPEC opted to maintain output instead of paring back to prop up prices.

Saudi Arabia, OPEC’s swing producer, with about 9.7 million barrels of production a day, has usually adjusted its output to moderate lurches in oil prices. But the kingdom has grown worried that production will continue to grow outside OPEC, reducing the cartel to a smaller and smaller share of the global market. So Saudi Arabia has chosen to fight for market share by letting prices slide.

That could jump-start global oil demand, currently about 94 million barrels a day. But it could also slow down or halt the growth in global oil supplies.
The biggest target of this strategy: U.S. shale oil, which has grown from a negligible amount six years ago to 4 million barrels a day, nearly half of U.S. production and more than any OPEC member except Saudi Arabia. Other high-cost oil projects, such as Canada’s oil sands, could also be curtailed or postponed.

But oil prices have historically swung from one extreme to another; it takes years for price signals to change exploration plans and production levels. U.S. exploration firms might be able to withstand lower oil prices than OPEC members that need oil revenue to balance their budgets and keep their citizens content. A Citibank analysis says that current prices will not eliminate growth in U.S. shale oil output, only trim that growth by 30 percent.

Within OPEC, there was discord. “It is not good for OPEC,” Iranian oil minister Bijan Namdar Zanganeh said in an interview with the newsletter Argus Global Markets. “Some of our colleagues in OPEC believe they should wait and see what the market reaction is, especially in U.S. shale investment.” He added that “it’s a very risky issue” and could require “years, not months.”

There are risks in the United States, too. Kathy Jones, fixed-income strategist at Charles Schwab, said that while lower oil prices will boost consumer spending, which makes up 68 percent of the U.S. economy, it could also hurt investment, which runs high in the petroleum business. She also noted that oil and gas companies account for 15 percent of the Barclays U.S. high-yield index, double what it was a few years ago.
“High yield means more highly leveraged, and we don’t know what a 30 or 40 percent drop in oil prices will mean,” Jones said. “It’s going to show up in places, I’m sure. It’s just a question of where.”

The Fed’s Dudley was less concerned. “Even after the large gains in recent years, oil and gas investment remains a small fraction of GDP,” he said.

On Monday, traders and investors struggled to grasp OPEC’s stance; prices slid then rebounded sharply to $69 a barrel.

Although analysts said that global production is running about 2 million barrels a day over consumption, barely 2 percent of world demand, slight economic changes or a renewal of paralyzing civil strife in Libya could shrink that extra margin.

On the other hand, the sudden glut — while small — could grow even larger if Libya restores more of its former production, Iraq continues to expand output from its low-cost reservoirs and Iran strikes a deal over its nuclear program that would lift sanctions and permit a jump in exports.

Iran’s oil minister told Argus Global Markets that Iran could increase output by 1 million barrels a day within two months.

That has left people guessing. Richard Anderson, chief executive of Delta Air Lines, said on “CBS This Morning” on Nov. 25 that the airline was planning on jet fuel costing $2.80 a gallon in 2015, though he acknowledged that “all this is a bit of a thumb in the wind.”

Robert McNally, president of the Rapidan Group consulting firm, said OPEC seemed to be letting non-OPEC countries resolve the market surplus and surprised the industry by not scheduling another meeting until June 5. “This was about as bearish a signal as OPEC could have sent to the market,” he said.

http://www.washingtonpost.com/business/economy/2014/12/01/904984b2-7971-11e4-9a27-6fdbc612bff8_story.html

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Secretary of Defense Hagel Out — Ferguson Verdict In — No True Bill — No Charges — Case Closed — Videos

Posted on November 24, 2014. Filed under: Blogroll, College, Constitution, Crime, Education, Energy, Homicide, Natural Gas, Oil, Pistols, Radio, Rifles, War, Wealth, Weapons, Welfare, Wisdom | Tags: , , , , , , , , |

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Story 1: Secretary of Defense Hagel Out — Ferguson Verdict In — No True Bill — No Charges — Case Closed — Videos

President Obama’s Statement on Ferguson Grand Jury Decision

No indictment in Michael Brown shooting! (Video) HD

BREAKING! Ferguson Grand Jury Announces Verdict

Ferguson, Missouri protesters riot; tear gas released following follow Michael Brown ruling

Who will interview Darren Wilson first?

Deluge Of Ferguson MO Leaks – Show Officer’s Side Of Micheal Brown Killing – Media Buzz Spin Cycle

Michael Brown Shooting: Surveillance Video Shows Ferguson Officer After Shooting

Grand Jury Decides Not To Indict Officer Darren Wilson For The Shooting Death Of Michael Brown! (HD)

Answers to questions about the Ferguson grand jury

President Obama asks Defense Secretary Chuck Hagel to resign

Defense Secretary Chuck Hagel Resigns stepping down Breaking News November 24 2014

US Secretary of Defense Chuck Hagel Resigns

Hagel resigns as U.S. defense secretary, official says

Ferguson Grand Jury Reportedly Comes to a Decision; Announcement Expected Later Today

Michael Brown shooting | Ferguson jury reaches verdict

No indictment for Ferguson officer

A white police officer will not face charges for fatally shooting an unarmed black teenager in a case that set off violent protests and racial unrest throughout the nation.

A St. Louis County grand jury declined to indict officer Darren Wilson, 28, for firing six shots in an August confrontation that killed 18-year-old Michael Brown, St. Louis County prosecutor Robert McCulloch said Monday night.

The decision had been long awaited and followed rioting that resembled war-zone news footage in this predominantly black suburb of St. Louis.

Crowds of protesters filled streets near the Ferguson police station following the announcement.

In Washington, President Obama appeared before TV cameras. “We need to accept that this decision was the grand jury’s to make,” he said in calling for peaceful protests. But he said the Ferguson case “speaks to broader challenges that we still face as a nation.”

Prosecutor McCulloch made the announcement in an unusual nighttime presentation in a courtroom. He spoke at length about media coverage of the case and what he called the unreliability of eyewitness accounts. He said the grand jury weighed evidence and testimony before concluding there was no probable cause to indict the officer.

“The duty of the grand jury is to separate fact from fiction,” McCulloch said.

He said prosecuting attorneys presented five potential indictments to the grand jury, and all were rejected.

“The jury was not inclined to indict on any charges,” Benjamin Crump, an attorney for Brown’s family, said after being informed of the decision by authorities.

Brown’s family attorneys received a call from McCulloch shortly before the announcement. Crump took the call and and delivered the news to Brown’s family in an area hotel.

“The jury was not inclined to indict on any charges,” Crump said to Lesley McSpadden, Brown’s mother. “He (McCulloch) said he would be willing to meet with you all.”

McSpadden began crying and shouting. Her body vibrated with pain as she jumped to her feet.

“I do want to meet with him right now,” McSpadden screamed. “What do you mean no indictment?!”

She then ran out of a hotel room followed by family members.

Brown’s family later released a statement saying, “We are profoundly disappointed that the killer of our child will not face the consequence of his actions.” The urged others who share their pan to “channel your frustration in ways that will make a positive change.”

Missouri Gov. Jay Nixon, a Democrat, called for calm after calling up National Guard troops to stand by in case of unrest. Speaking before the decision was announced, he urged that “regardless of the decision, people on all sides show tolerance, mutual respect and restraint.”

Crowds gathered around the Ferguson police headquarters in anticipation of the announcement at the courthouse in Clayton, Mo., another St. Louis suburb.

The 12-person grand jury had been considering whether probable cause existed to bring charges against Wilson, 28, the white officer who fatally shot Brown, an 18-year-old black man, after their Aug. 9 confrontation. The shooting inflamed tensions in a largely minority community that is patrolled by an overwhelmingly white police force.

Brown’s lifeless and bleeding body lay for more than four hours in a Ferguson residential street after the shooting, prompting dismay and anger as a crowd gathered. Protests turned into rioting and looting the following night, and police responded with armored vehicles and tear gas, triggering a nationwide debate over police tactics.

The 12-person grand jury, including nine whites and three African Americans, had been meeting in secret for months, hearing evidence and weighing whether Wilson’s should face charges that could have ranged from involuntary manslaughter to murder.

Brown’s family joined thousands of protesters to demand Wilson’s arrest. As anger at official inaction grew following Brown’s death, protesters clashed with police, who began patrolling the streets with military-grade weapons and armored vehicles.

Wilson has been on paid leave and largely invisible since the shooting.

While the grand jury met in secret to hear evidence in the case, two starkly different versions of the events leading to the shooting emerged in media accounts.

Police have said a scuffle broke out after Wilson asked Brown and a friend to move out of the street. Wilson told investigators he shot Brown only after the teenager reached for the officer’s gun. Some witnesses said Brown had run away from Wilson, then turned and raised his hands in the air in a gesture of surrender before he was shot in the head and chest.

The unusual timing of the grand jury’s announcement, after darkness had fallen, was a decision of prosecutors, Nixon said.

He said several local churches would provide shelter, safe haven and medical care in the event of unrest.

As officials called for peace, security preparations were beefed up around the courthouse and at other locations including the Ferguson police headquarters. Barricades were erected and Missouri state troopers were present with rifles, 3-foot batons, riot shields and other equipment. Crowds of protesters waving signs and chanting spilled into streets near the police offices.

“This is not the time to turn on each other; it is a time to turn to each other,” said St. Louis County Executive Charley Dooley. “We are one community,” he said.

St. Louis Mayor Francis Slay acknowledged the case “has deeply divided us” but said “turning violent or damaging property will not be tolerated.”

“The world will be watching us,” Slay said.

Anthony Gray, a lawyer for the Brown family, said they were informed the announcement by the county prosecutor, Robert McCulloch, was imminent.

Police have said Brown struggled with Wilson inside his police car, then reached for Wilson’s weapon. Brown’s family and some witnesses say Wilson killed Brown as he raised his hands in surrender.

The death of Brown, 18, touched off weeks of protests, and the decision by the grand jury on whether to bring charges prompted extraordinary precautions by law enforcement and the community. The Ferguson school district canceled Tuesday classes.

Police officials and protest organizers have collaborated on rules of engagement — that is, rules for conduct when protesters meet police again on the streets. Nixon has declared a state of emergency and activated the state’s National Guard.

Brown’s family called for 4½ minutes of silence after the grand jury announcement, Maggie Crane, spokeswoman for St. Louis Mayor Francis Slay, said in a tweet Monday afternoon.

St. Louis County Police asked for donations for officers working round-the-clock shifts in Ferguson. Items requested on the department’s Facebook page include Visa gift cards, water, Gatorade, soda, hand and foot warmers, DayQuil and cough drops. The department said it uses the gift cards to order hot meals for the command centers.

http://www.usatoday.com/story/news/nation/2014/11/24/ferguson-grand-jury-deliberations/19474907/

Hagel Resigns Under Pressure as Global Crises Test Pentagon

By

Defense Secretary Chuck Hagel handed in his resignation under pressure on Monday, the first cabinet-level casualty of the collapse of President Obama’s Democratic majority in the Senate and the struggles of his national security team to respond to an onslaught of global crises.

In announcing Mr. Hagel’s resignation from the State Dining Room on Monday, the president, flanked by Mr. Hagel and Vice President Joseph R. Biden Jr., called Mr. Hagel critical to ushering the military “through a significant period of transition” and lauded “a young Army sergeant from Vietnam who rose to serve as America’s 24th secretary of defense.”

Mr. Obama called Mr. Hagel “no ordinary secretary of defense,” adding that he had “been in the dirt” of combat like no other defense chief. He said that Mr. Hagel would remain in the job until his successor is confirmed by the Senate.

Administration officials said that Mr. Obama made the decision to remove Mr. Hagel, the sole Republican on his national security team, last Friday after a series of meetings between the two men over the past two weeks.

 

Obama Praises Hagel at Resignation

 

President Obama called Chuck Hagel “no ordinary secretary of defense” during a news conference at which Mr. Hagel announced his resignation.

Video by Associated Press on Publish DateNovember 24, 2014. Photo by Stephen Crowley/The New York Times.

 

The officials characterized the decision as a recognition that the threat from the militant group Islamic State will require different skills from those that Mr. Hagel, who often struggled to articulate a clear viewpoint and was widely viewed as a passive defense secretary, was brought in to employ.

Mr. Hagel, a combat veteran who was skeptical about the Iraq war, came in to manage the Afghanistan combat withdrawal and the shrinking Pentagon budget in the era of budget sequestrations.

Now, however, the American military is back on a war footing, although it is a modified one. Some 3,000 American troops are being deployed in Iraq to help the Iraqi military fight the Sunni militants of the Islamic State, even as the administration struggles to come up with, and articulate, a coherent strategy to defeat the group in both Iraq and Syria.

“The next couple of years will demand a different kind of focus,” one administration official said, speaking on the condition of anonymity. He insisted that Mr. Hagel was not fired, saying that the defense secretary initiated discussions about his future two weeks ago with the president, and that the two men mutually agreed that it was time for him to leave.

But Mr. Hagel’s aides had maintained in recent weeks that he expected to serve the full four years as defense secretary. His removal appears to be an effort by the White House to show that it is sensitive to critics who have pointed to stumbles in the government’s early response to several national security issues, including the Ebola crisis and the threat posed by the Islamic State.

Even before the announcement of Mr. Hagel’s removal, Obama officials were speculating on his possible replacement. At the top of the list were Michèle A. Flournoy, a former under secretary of defense, and Ashton B. Carter, a former deputy secretary of defense.

 

PLAY VIDEO|0:30

Hagel Resigning as Defense Secretary

 

Hagel Resigning as Defense Secretary

Chuck Hagel, whose resignation as defense secretary was announced Monday, said he would stay in the job and support the president until his successor was confirmed.

Video by Associated Press on Publish DateNovember 24, 2014. Photo by Stephen Crowley/The New York Times.

 

Senator Jack Reed, Democrat of Rhode Island and a former officer with the Army’s 82nd Airborne, was also considered to be a contender, but a spokesman said that the senator was not in the running. “Senator Reed loves his job and does not wish to be considered for secretary of defense or any other cabinet post,” the spokesman said.

Mr. Hagel, a respected former senator who struck a friendship with Mr. Obama when they were both critics of the Iraq war from positions on the Senate Foreign Relations Committee, has nonetheless had trouble penetrating the tight team of former campaign aides and advisers who form Mr. Obama’s closely knit set of loyalists. Senior administration officials have characterized him as quiet during cabinet meetings; Mr. Hagel’s defenders said that he waited until he was alone with the president before sharing his views, the better to avoid leaks.

Whatever the case, Mr. Hagel struggled to fit in with Mr. Obama’s close circle and was viewed as never gaining traction in the administration after a bruising confirmation fight among his old Senate colleagues, during which he was criticized for seeming tentative in his responses to sharp questions.

He never really shed that pall after arriving at the Pentagon, and in the past few months he has largely ceded the stage to the chairman of the Joint Chiefs of Staff, Gen. Martin E. Dempsey, who officials said initially won the confidence of Mr. Obama with his recommendation of military action against the Islamic State.

In Mr. Hagel’s less than two years on the job, his detractors said he struggled to inspire confidence at the Pentagon in the manner of his predecessors, especially Robert M. Gates. But several of Mr. Obama’s top advisers over the past few months have also acknowledged privately that the president did not want another high-profile defense secretary in the mold of Mr. Gates, who went on to write a memoir of his years with Mr. Obama in which he sharply criticized the president. Mr. Hagel, they said, in many ways was exactly the kind of defense secretary whom the president, after battling the military during his first term, wanted.

Mr. Hagel, for his part, spent his time on the job largely carrying out Mr. Obama’s stated wishes on matters like bringing back American troops from Afghanistan and trimming the Pentagon budget, with little pushback. He did manage to inspire loyalty among enlisted soldiers and often seemed at his most confident when talking to troops or sharing wartime experiences as a Vietnam veteran.

But Mr. Hagel has often had problems articulating his thoughts — or administration policy — in an effective manner, and has sometimes left reporters struggling to describe what he has said in news conferences. In his side-by-side appearances with both General Dempsey and Secretary of State John Kerry, Mr. Hagel, a decorated Vietnam veteran and the first former enlisted combat soldier to be defense secretary, has often been upstaged.

He raised the ire of the White House in August as the administration was ramping up its strategy to fight the Islamic State, directly contradicting the president, who months before had likened the Sunni militant group to a junior varsity basketball squad. Mr. Hagel, facing reporters in his now-familiar role next to General Dempsey, called the Islamic State an “imminent threat to every interest we have,” adding, “This is beyond anything that we’ve seen.” White House officials later said they viewed those comments as unhelpful, although the administration still appears to be struggling to define just how large is the threat posed by the Islamic State.

 

The Pronk Pops Show Podcasts Portfolio

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Meet The Democratic Candidate For President in 2016: California Governor Jerry Brown — Balancing Budgets and Building A Presidential Campaign Chest — Achilles Heel California Created a Sanctuary State For Illegal Aliens — Save Water — Save Money — Save Illegals? — Progressive But Fiscally Responsible — Videos

Posted on November 17, 2014. Filed under: American History, Blogroll, Business, Climate, College, Communications, Constitution, Culture, Economics, Education, Employment, Energy, Enivornment, Faith, Family, Farming, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, government, government spending, Health Care, history, Illegal, Immigration, Inflation, IRS, Law, Legal, liberty, Life, Links, media, Music, Obamacare, People, Philosophy, Photos, Politics, Press, Psychology, Radio, Rants, Raves, Regulations, Resources, Reviews, Talk Radio, Tax Policy, Taxes, Unemployment, Video, War, Water, Wealth, Weather, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

Pronk Pops Show 372: November 17, 2014

Pronk Pops Show 371: November 14, 2014

Pronk Pops Show 370: November 13, 2014

Pronk Pops Show 369: November 12, 2014

Pronk Pops Show 368: November 11, 2014

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Pronk Pops Show 366: November 7, 2014

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Pronk Pops Show 320: August 29, 2014

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Pronk Pops Show 307: August 1, 2014

Story 1: Meet The Democratic Candidate For President in 2016: California Governor Jerry Brown — Balancing Budgets and Building A Presidential Campaign Chest — Achilles Heel California Created a Sanctuary State For Illegal Aliens — Save Water — Save Money — Save Illegals? — Progressive But Fiscally Responsible — Videos jerry_brown
jerry brown

jerry-brownjerry brown 2

Jerry Brown for President?

KQED Newsroom Segment: Jerry Brown Exclusive Interview, May 2, 2014

Brown wins historic fourth term as California’s governor

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Driver’s licenses for illegal immigrants – CA

California Governor Jerry Brown Signs Bill Giving Undocumented Immigrants Right To Obtain Driver’s Licenses

Jerry Brown – Limits To Government

Jerry Brown, 1975. An innovative free thinker before party politics ground him into a garden-variety statist.

CA Gov. Jerry Brown interview- media in politics (Merv Griffin Show 1981)

California Governor Jerry Brown talks with Merv about the role of the media in modern American politics. Not much has changed in 30 years, it seems. Merv Griffin had over 5000 guests appear on his show from 1963-1986. Footage from the Merv Griffin Show is available for licensing to all forms of media through Reelin’ In The Years Productions. http://www.reelinintheyears.com.

Jerry Brown 1992

Jerry Brown Announcement Video

Brown-Whitman Debate: Illegal Immigration

Governor Brown Halts Budget Negotiations

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Budget Veto

Address to the People of California: Governor Brown Discusses 2012-2013 State Budget

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Mexican president in California to talk trade, border issues

JERRY BROWN FOR PRESIDENT? MEETS WITH DONORS THIS WEEK

California Governor Jerry Brown, who was re-elected in a landslide earlier this month to what he says is his last term in office, will ask political donors on Monday to keep contributing, the Los Angeles Times reports. Brown defeated his opponent, Neel Kashkari, while retaining $20 million or more in his reelection account as of mid-October. However, Brown–who says he will not run for President–is still asking for cash.

The Sacramento reception asks for donations of $5,000 for a “private reception and sit down conversation” with Brown at Mulvaney’s B&L. Capitol Advocacy, a top lobbying firm, plans to attend; the firm will reportedly bring some of its major clients, including PepsiCo, Corrections Corporation of America, T-Mobile USA Inc., WellCare Health Plans, Pacific Compensation Insurance Co., and Diageo.

The Times, which secured a copy of the invitation, reports that Brown has spent little of his reelection funds since mid-October; he had told the Times that he was thinking of using any funds left over from his campaign to support ballot measures in his new term.

The Washington Post reported in October that Brown’s campaign said it had spent over $3.3 million on ads for Propositions 1 and 2. At that point he had not run a single television ad for his campaign.

Some journalists, notably Chuck Todd of NBC News, have speculated that Brown would likely run for president. Recently, HBO’s Bill Maher said that Brown ought to do so, and condemned what he said was age discrimination. (Brown would be 78 years old in 2016.)

Neither spokesmen for Brown nor his chief fundraiser, Angie Tate, had any comment when contacted by the Times.

 

 

The Obstacles to a Jerry Brown Run in 2016

When a governor in one of the country’s largest states is reelected by landslide margins, questions about that governor’s presidential prospects arise even before the polls close. But California’s Jerry Brown, who on Tuesday was given an unprecedented fourth termby Golden State voters, will almost certainly not be a candidate for the White House in 2016. The reasons have less to do with actuarial tables than with the nature of the national Democratic primary electorate.

The most noticeable obstacle to a Brown candidacy is his age. Although he was the youngest governor in California’s history when he was first elected in 1974, at age 36, Mr. Brown is now the state’s oldest governor ever. In November 2016, he will be 78, meaning that he would conclude his first term in the Oval Office at 82. The governor is in very good health, and this advanced age would not disqualify him from the presidency, but it does appear to have made him less ambitious about national office he was in 1976 and 1980, when he campaigned for the presidency. He has already said that he intends to use the many unspent millions of dollars he raised during this year’s gubernatorial campaign to fund future state ballot initiatives. Not only can most of that money not be transferred into a presidential campaign fund, but trying to run for president while also seeking to pass ballot initiatives in California would be enormously challenging–certainly given the time required to succeed at either task.

But the bigger obstacle for Mr. Brown is that his brand of centrism has no logical place in a 2016 primary field. If a challenge to Hillary Rodham Clinton is going to emerge, it will almost certainly be a populist voice from the Democratic base. Mr. Brown’s insistence on budget cuts that frustrated his party’s legislators, his unwillingness to ban fracking, and his continued interest in revamping California’s environmental regulations make him an unlikely flag-carrier for progressive primary voters. The key to Mr. Brown’s large victory Tuesday was fashioning an agenda of sufficient appeal to the state’s business community to deprive his Republican challenger of substantive financial backing.

A benefit of not running for president, of course, is that it allows the governor to focus his full attention on his day job. That might not be the stuff of national headlines, but, at this point in his long career, that might be good enough for Jerry Brown.

http://blogs.wsj.com/washwire/2014/11/05/why-jerry-brown-is-unlikely-to-run-in-2016/

Gov. Jerry Brown says 2016 Democratic nomination is Hillary Clinton’s ‘if she wants’

When Bill Clinton arrived at the 1992 Democratic National Convention as the party’s all-but-certain presidential nominee, his persistent and pesky primary opponent, former California governor Jerry Brown, refused to endorse him.Two decades later, Brown is again governor of the nation’s most-populous state. Yet in a sign that he has patched things up with the first family of Democratic politics, Brown is ready to support Hillary Rodham Clinton if she seeks the presidency in 2016.“I really believe that Hillary Clinton has the presence, the experience and the support of the vast majority of Democrats in a way that I have not seen in my lifetime,” Brown said in a wide-ranging interview with The Washington Post. “She has this if she wants.”http://www.washingtonpost.com/politics/gov-jerry-brown-says-2016-democratic-nomination-is-hillary-clintons-if-she-wants/2014/05/28/de3d0e0c-e5cc-11e3-8f90-73e071f3d637_story.html

More And More People Are Not Running For President In 2016

Posted: 01/16/2014 6:25 pm EST Updated: 01/25/2014 4:01 pm EST
JERRY BROWN NOT RUNNING 2016

It is 2014 at the moment, but since there isn’t any kind of massive unemployment problem and it’s totally safe for pregnant women to drink the water, water, everywhere, the media are filling the hole in their lives with only the hottest speculation about the 2016 presidential election.

For example, this week Time magazine istackling the phenomenon that is Hillary Clinton’s shadow campaign for president, noting that the mere threat of her candidacy is keeping other Democrats out of the race. This is less a “news story” than it is a fun and bouncy ball that is being passed from news organization to news organization. Time all but announced the unoriginality of the idea with its cover, which was created by going to a clip art archive and doing a global search for “women” and “clichés.” As with the story’s trope itself, it’s best examined in the gray light of the afterglow of an afterthought.

Against the 2016 onslaught, and our own contributions to it, let us now praise the real heroes of this period of premature frenzy — those men and women who have seen the light of presidential speculation beaming in their direction and have forthrightly declared, “You can include me out.” This week’s award for Valor In The Face Of People Wondering If You’ll Run For President goes to California Gov. Jerry Brown (D), who is not running for president:

Speaking at a Tuesday news conference in Riverside, Calif., Brown scuttled speculation about his presidential prospects when a reporter asked if he planned to throw his hat in the ring for a fourth time.

“No, that’s not in the cards. Unfortunately,” Brown said, according to the Los Angeles Times. “Actually, California is a lot more governable.”

Supporters of Brown — who ran for the Democratic nomination in 1976, 1980 and 1992 — had hoped the popular governor would enter the 2016 race. Brown stoked speculation by not explicitly ruling out the possibility, although in May the 75-year-old noted that “time is kind of running out on that.”

You are forgiven if you weren’t aware that “Jerry Brown 2016″ was even a thing about which people were even talking. It was an idea that had a share of anonymous supporters, but only just enough news coverage to warrant an inclusion onWikipedia’s list of potential 2016 candidates.

That page, by the way, is one of the most hilarious reflections of American politics on the Internet, because it turns out it doesn’t take much to be included. Missouri Gov. Jay Nixon (D) ended up there because a St. Louis Post-Dispatch story speculating on whether Nixon’s future included a turn in the national spotlight led to a Politico story speculating on whether Nixon might not get his turn in the national spotlight because of Hillary Clinton, which led to another St. Louis Post-Dispatch story about the aforementioned Politico story, which led to a Washington Post story … speculating on whether Nixon’s future included a turn in the national spotlight, again.

Meanwhile, outside of Missouri, you have probably never heard of Jay Nixon. But you’re probably aware that Jerry Brown, between his first and latest stint as the Golden State’s governor, ran for president a bunch of times. And so, unsurprisingly, there was always someone on hand to stoke the fires of retro chic. In July 2013, the Washington Examiner’s Paul Bedard reported that some of Brown’s “allies” were “starting to talk up a possible 2016 presidential bid,” while another group of Brown’s associates were saying that Brown was going to be “78 [years old] by Election Day 2016,” that he “ran for statewide office only to end [California’s] budget crisis,” and that he was thus “nearly done with politics.”

A month later, Bernie Quigley, writing for The Hill, attempted to coax a Brown candidacy into being with the awesome force of the purplest prose he could muster:

California rises again with Brown, and it should come as no surprise. California brings the final destiny of our American journey, the final edge of expectation, the end and then the beginning again, the place and time of our American turning. Steve Jobs put it succinctly at the end: “The spaceship has landed.”

I asked an astute Californian about Brown’s prospects for national office. He said he will be too old in 2016. But Brown, Zen man of contemporary politics, is in a sense timeless.

Yeah … so that was a lot to absorb. The salient point is that Brown, obviously, doesn’t have the same opinion of his own timelessness. (Perhaps he finally decided to not run when he failed to regenerate into Peter Capaldi?)

Brown joins a happy confederacy of other men and women who have indicated that everyone can stop wondering if they are going to run for president, including New Jersey Sen. Cory Booker (D), San Antonio Mayor Julian Castro (D), New Mexico Gov. Susana Martinez (R), Massachusetts Gov. Deval Patrick (D) and Massachusetts Sen. Elizabeth Warren (D).

Also, Tim Pawlenty is not going to run for president. (I did some digging and found out that this Pawlenty fellow was a former Republican governor of Minnesota who ran for president once before. Who knew? I guess I totally spaced.)

http://www.huffingtonpost.com/2014/01/16/jerry-brown-not-running-2016_n_4612584.html

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 369-372

Listen To Pronk Pops Podcast or Download Show 360-368

Listen To Pronk Pops Podcast or Download Show 354-359

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

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Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

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Listen To Pronk Pops Podcast or Download Show 135-142

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Listen To Pronk Pops Podcast or Download Shows 55-57

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Listen To Pronk Pops Podcast or Download Shows 49-51

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Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

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2015 Hyundai Sonata — Videos

Posted on November 2, 2014. Filed under: Autos, Blogroll, Business, Communications, Computers, Education, Energy, Enivornment, Oil, People, Photos, Technology, Transportation, Video, Wealth | Tags: , , , , , , , |

2015-Hyundai-Sonata2015_hyundai_sonat2015-Hyundai-Sonata-12015-Hyundai-Sonata-6Hyundai-Sonata-72015-hyundai-sonata-2015-Hyundai-Sonata-center-stack2015-Hyundai-Sonata-USA372015-hyundai-sonata-20t-interior-022015-hyundai-sonata-sport-20t-interior-photo-624988-s-1280x7822015-hyundai-sonata-20t-front-interior-seats2015-hyundai-sonata-eco-front-three-quarters-04

2015 Hyundai Sonata Review

2015 Hyundai Sonata Start Up and Review 2.4 L 4-Cylinder

2015 Hyundai Sonata Turbo Review: More Style, Comfort & Car

2015 Hyundai Sonata: Almost Everything You Ever Wanted to Know

2015 Hyundai Sonata Limited w/ Tech Pkg. Start Up, Exterior/ Interior Review

2015 Hyundai Sonata — First Drive with Alabama Factory Tour & In Depth Apple Car Play Demo

Hyundai Sonata Sings a New Song – Autoline After Hours 249

 

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American People Will Push-back on Election Day November 4 — Democrat Party Candidates Will Lose Due To Job Insecurity, The Economy, Obama-care, Amnesty for Illegal Aliens, Tax Hikes, Failed Economic and Foreign Policies in Libya, Syria, Iraq and Iran, and Scandals Including Benghazi, Fast and Furious, NSA, IRS, Veterans Administration and Now Ebola — Democrats On Verge of Losing Massively Including Control of The Senate — Obama is An Epic Failure and Loser That Buried The Democratic Party — Rest In Peace — Videos

Posted on October 23, 2014. Filed under: American History, Banking, Blogroll, Business, College, Communications, Computers, Constitution, Demographics, Diasters, Disease, Documentary, Ebola, Economics, Education, Employment, Energy, Faith, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government spending, history, Language, Law, Life, Links, Literacy, Macroeconomics, Microeconomics, Monetary Policy, Money, People, Philosophy, Photos, Politics, Press, Programming, Psychology, Rants, Raves, Regulations, Resources, Security, Talk Radio, Tax Policy, Taxes, Unemployment, Video, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 354: October 22, 2014

Pronk Pops Show 353: October 21, 2014

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Story 1: American People Will Push-back on Election Day November 4 — Democrat Party Candidates  Will Lose Due To Job Insecurity, The Economy, Obama-care, Amnesty for Illegal Aliens, Tax Hikes, Failed Economic and Foreign Policies in Libya, Syria, Iraq and Iran, and Scandals Including Benghazi, Fast and Furious, NSA, IRS, Veterans Administration and Now Ebola  —  Democrats On Verge of Losing Massively Including Control of The Senate — Obama is An Epic Failure and Loser That Buried The Democratic Party — Rest In Peace — Videos 

the failure

Obama-Failuredemocrat-economic-success-obama-politicstransformedburyObama-ScandalsCartoon - Obama Scandals and CorruptionYes-Obama-Can-Bankrupt-Americacartoon-they-opted-out-500trick or treat

 

Mid-term elections forecast

Who Will Control The Senate? Election Is ‘Neck And Neck’

Midterm Elections 2014: Here are the Key Senate Races

Ann Coulter: GOP Should Stop ‘Constantly Sucking Up’ to Hispanic Voters

New Fox Poll: 58% Say Things In World Going To Hell In A Handbasket – America’s Newsroom

Poll: Democrat Voters Less Interested In Midterm Elections – America’s Election HQ

Poll shows only 14 percent of Americans approve the way Congress handling its job

Stewart: Midterms 2014, We’ve Got Nothing To Fear, But Fear Itself, So We’re Going To Go With Fear

Which Party Should Control Congress? AP/Gallup POLL Results

 

 

Latest AP National Poll Is a Nightmare for Democrats

By Jim Geraghty

This new poll from the Associated Press is about as dire a poll as Democrats could imagine two weeks before Election Day.

Democrats are more trusted than the GOP on just two of nine top issues, the poll showed.

The economy remains the top issue for likely voters — 91 percent call it “extremely” or “very” important. And the GOP has increased its advantage as the party more trusted to handle the issue to a margin of 39 percent to 31 percent.

With control of the Senate at stake, both parties say they are relying on robust voter-turnout operations — and monster campaign spending — to lift their candidates in the final days. But the poll suggests any appeals they’ve made so far haven’t done much to boost turnout among those already registered. The share who report that they are certain to vote in this year’s contests has risen just slightly since September, and interest in news about the campaign has held steady.

Now brace yourself:

The GOP holds a significant lead among those most likely to cast ballots: 47 percent of these voters favor a Republican controlled-Congress, 39 percent a Democratic one. That’s a shift in the GOP’s favor since an AP-GfK poll in late September, when the two parties ran about evenly among likely voters.

Women have moved in the GOP’s direction since September. In last month’s AP-GfK poll, 47 percent of female likely voters said they favored a Democratic-controlled Congress while 40 percent wanted the Republicans to capture control. In the new poll, the two parties are about even among women, 44 percent prefer the Republicans, 42 percent the Democrats.

The gender gap disappearing almost entirely would be a shocking development; at this point, it’s just one poll, but it’s something to look for in future polls. Democrats can console themselves that this is a national poll, and the biggest fights of the midterm — the Senate races — are occurring in about a dozen states. Having said that, almost all of those states are Republican-leaning ones that Romney won. If the national electorate is sour on Democrats, it’s extremely difficult to envision a scenario where Arkansas’s Mark Pryor hangs on despite the pro-GOP atmosphere,and Alaska’s Mark Begich, and Louisiana’s Mary Landrieu, and so on for the other endangered red-state Democratic senators. One or two might survive, but the rest . . .

The polls are grim, Mr. President.

America’s Anxious Mood and What it Means for Republicans

Obama’s Gift to Republicans

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 354

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

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Listen To Pronk Pops Podcast or Download Shows 17-26

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315,000 More Americans Have Left Labor Force in September 2014 Bringing Total To 92,584,000 — Nearly Seven Years Later The Number of Employed Hits 146.6 Million Last Seen In November 2007 — Labor Participation Rate At 62.7% Should Be At 67% — The Ebola Income and Jobs Effect Will Hit In The November 7 Jobs Report After Elections — Videos

Posted on October 5, 2014. Filed under: Agriculture, Airplanes, American History, Banking, Biology, Blogroll, Business, Chemistry, College, Communications, Constitution, Crisis, Demographics, Diasters, Economics, Education, Employment, Energy, Family, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, Health Care, history, Illegal, Immigration, Inflation, Investments, IRS, Law, Legal, liberty, Life, Links, Macroeconomics, media, Medical, Medicine, Microeconomics, Monetary Policy, Money, Natural Gas, Natural Gas, Oil, People, Politics, Psychology, Public Sector, Rants, Raves, Regulations, Resources, Science, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Terrorism, Transportation, Unemployment, Unions, Video, War, Water, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Story 2: 315,000 More Americans Have Left Labor Force in September 2014 Bringing Total To 92,584,000 — Nearly Seven Years Later The Number of Employed Hits 146.6 Million Last Seen In November 2007 — Labor Participation Rate At 62.7% Should Be At 67% — The Ebola Income and Jobs Effect Will Hit In The November 7 Jobs Report After Elections — Videos

sgs-emp

Current Labor Participation Rate Dropped To 62.7%

U.S. Labor Participation Rate – Graph of Reagan vs obama

Surge Of Hiring Cuts US Jobless Rate To 5.9 Pct.

JEC Chair Brady discusses the importance of declining labor force participation rate

Labor participation rate is down to unprecedented levels

What The Six-Year Unemployment Low Means For U.S. Economy

Ebola ;could wreck W Africa economies, #; warns World Bank

BBC News – Ebola crisis: Toll on regional economies

Counting the Cost – Ebola: The Economic Fallout

 

 

 

Employment Situation Summary

Transmission of material in this release is embargoed until                 USDL-14-1796
8:30 a.m. (EDT) Friday, October 3, 2014

Technical information:
 Household data:	(202) 691-6378  •  cpsinfo@bls.gov  •  www.bls.gov/cps
 Establishment data:	(202) 691-6555  •  cesinfo@bls.gov  •  www.bls.gov/ces

Media contact:		(202) 691-5902  •  PressOffice@bls.gov


                        THE EMPLOYMENT SITUATION -- SEPTEMBER 2014


Total nonfarm payroll employment increased by 248,000 in September, and the 
unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics
reported today. Employment increased in professional and business services, 
retail trade, and health care.

Household Survey Data

In September, the unemployment rate declined by 0.2 percentage point to 5.9
percent. The number of unemployed persons decreased by 329,000 to 9.3 million.
Over the year, the unemployment rate and the number of unemployed persons were
down by 1.3 percentage points and 1.9 million, respectively. (See table A-1.)

Among the major worker groups, unemployment rates declined in September for
adult men (5.3 percent), whites (5.1 percent), and Hispanics (6.9 percent). The
rates for adult women (5.5 percent), teenagers (20.0 percent), and blacks (11.0
percent) showed little change over the month. The jobless rate for Asians was
4.3 percent (not seasonally adjusted), little changed from a year earlier.
(See tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed temporary
jobs decreased by 306,000 in September to 4.5 million. The number of long-term
unemployed (those jobless for 27 weeks or more) was essentially unchanged at 3.0
million in September. These individuals accounted for 31.9 percent of the unemployed.
Over the past 12 months, the number of long-term unemployed is down by 1.2 million.
(See tables A-11 and A-12.) 

The civilian labor force participation rate, at 62.7 percent, changed little in
September. The employment-population ratio was 59.0 percent for the fourth
consecutive month. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was little changed in September at 7.1 million.
These individuals, who would have preferred full-time employment, were working part
time because their hours had been cut back or because they were unable to find a
full-time job. (See table A-8.)

In September, 2.2 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (The data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for work,
and had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the survey.
(See table A-16.)

Among the marginally attached, there were 698,000 discouraged workers in September,
down by 154,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged
workers are persons not currently looking for work because they believe no jobs are
available for them. The remaining 1.5 million persons marginally attached to the labor
force in September had not searched for work for reasons such as school attendance or
family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 248,000 in September, compared with an
average monthly gain of 213,000 over the prior 12 months. In September, job growth
occurred in professional and business services, retail trade, and health care.
(See table B-1.)

Professional and business services added 81,000 jobs in September, compared with an
average gain of 56,000 per month over the prior 12 months. In September, job gains
occurred in employment services (+34,000), management and technical consulting
services (+12,000), and architectural and engineering services (+6,000). Employment
in legal services declined by 5,000 over the month.

Employment in retail trade rose by 35,000 in September. Food and beverage stores
added 20,000 jobs, largely reflecting the return of workers who had been off payrolls
in August due to employment disruptions at a grocery store chain in New England.
Employment in retail trade has increased by 264,000 over the past 12 months.

Health care added 23,000 jobs in September, in line with the prior 12-month average
gain of 20,000 jobs per month. In September, employment rose in home health care
services (+7,000) and hospitals (+6,000).

Employment in information increased by 12,000 in September, with a gain of 5,000
in telecommunications. Over the year, employment in information has shown little net
change.

Mining employment rose by 9,000 in September, with the majority of the increase
occurring in support activities for mining (+7,000). Over the year, mining has added
50,000 jobs.

Within leisure and hospitality, employment in food services and drinking places
continued to trend up in September (+20,000) and is up by 290,000 over the year.

In September, construction employment continued on an upward trend (+16,000).
Within the industry, employment in residential building increased by 6,000. Over
the year, construction has added 230,000 jobs.

Employment in financial activities continued to trend up in September (+12,000) and
has added 89,000 jobs over the year. In September, job growth occurred in insurance
carriers and related activities (+6,000) and in securities, commodity contracts,
and investments (+5,000).

Employment in other major industries, including manufacturing, wholesale trade,
transportation and warehousing, and government, showed little change over the month.

In September, the average workweek for all employees on private nonfarm payrolls
edged up by 0.1 hour to 34.6 hours. The manufacturing workweek was unchanged at
40.9 hours, and factory overtime edged up by 0.1 hour to 3.5 hours. The average
workweek for production and nonsupervisory employees on private nonfarm payrolls
edged down by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)

Average hourly earnings for all employees on private nonfarm payrolls, at $24.53,
changed little in September (-1 cent). Over the year, average hourly earnings
have risen by 2.0 percent. In September, average hourly earnings of private-sector
production and nonsupervisory employees were unchanged at $20.67. 
(See tables B-3 and B-8.)

The change in total nonfarm payroll employment for July was revised from +212,000
to +243,000, and the change for August was revised from +142,000 to +180,000.
With these revisions, employment gains in July and August combined were 69,000 more
than previously reported.

_____________
The Employment Situation for October is scheduled to be released on Friday,
November 7, 2014, at 8:30 a.m. (EST).



 

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted

[Numbers in thousands]
Category Sept.
2013
July
2014
Aug.
2014
Sept.
2014
Change from:
Aug.
2014-
Sept.
2014

Employment status

Civilian noninstitutional population

246,168 248,023 248,229 248,446 217

Civilian labor force

155,473 156,023 155,959 155,862 -97

Participation rate

63.2 62.9 62.8 62.7 -0.1

Employed

144,270 146,352 146,368 146,600 232

Employment-population ratio

58.6 59.0 59.0 59.0 0.0

Unemployed

11,203 9,671 9,591 9,262 -329

Unemployment rate

7.2 6.2 6.1 5.9 -0.2

Not in labor force

90,695 92,001 92,269 92,584 315

Unemployment rates

Total, 16 years and over

7.2 6.2 6.1 5.9 -0.2

Adult men (20 years and over)

7.0 5.7 5.7 5.3 -0.4

Adult women (20 years and over)

6.2 5.7 5.7 5.5 -0.2

Teenagers (16 to 19 years)

21.3 20.2 19.6 20.0 0.4

White

6.3 5.3 5.3 5.1 -0.2

Black or African American

13.0 11.4 11.4 11.0 -0.4

Asian (not seasonally adjusted)

5.3 4.5 4.5 4.3 -

Hispanic or Latino ethnicity

8.9 7.8 7.5 6.9 -0.6

Total, 25 years and over

5.9 5.0 5.1 4.7 -0.4

Less than a high school diploma

10.4 9.6 9.1 8.4 -0.7

High school graduates, no college

7.5 6.1 6.2 5.3 -0.9

Some college or associate degree

6.1 5.3 5.4 5.4 0.0

Bachelor’s degree and higher

3.7 3.1 3.2 2.9 -0.3

Reason for unemployment

Job losers and persons who completed temporary jobs

5,803 4,859 4,836 4,530 -306

Job leavers

984 862 860 829 -31

Reentrants

3,165 2,848 2,845 2,809 -36

New entrants

1,211 1,087 1,066 1,105 39

Duration of unemployment

Less than 5 weeks

2,571 2,587 2,609 2,383 -226

5 to 14 weeks

2,685 2,431 2,449 2,508 59

15 to 26 weeks

1,802 1,412 1,486 1,416 -70

27 weeks and over

4,125 3,155 2,963 2,954 -9

Employed persons at work part time

Part time for economic reasons

7,914 7,511 7,277 7,103 -174

Slack work or business conditions

4,955 4,609 4,261 4,162 -99

Could only find part-time work

2,548 2,519 2,587 2,562 -25

Part time for noneconomic reasons

18,919 19,662 19,526 19,561 35

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

2,302 2,178 2,141 2,226 -

Discouraged workers

852 741 775 698 -

- Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Sept.
2013
July
2014
Aug.
2014(p)
Sept.
2014(p)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

164 243 180 248

Total private

153 239 175 236

Goods-producing

22 63 14 29

Mining and logging

6 9 2 9

Construction

13 30 16 16

Manufacturing

3 24 -4 4

Durable goods(1)

9 27 0 7

Motor vehicles and parts

2.9 13.7 -4.5 3.3

Nondurable goods

-6 -3 -4 -3

Private service-providing(1)

131 176 161 207

Wholesale trade

11.3 3.0 2.5 1.8

Retail trade

27.3 25.4 -4.7 35.3

Transportation and warehousing

23.1 21.1 8.5 1.9

Information

13 10 5 12

Financial activities

-1 15 12 12

Professional and business services(1)

37 50 63 81

Temporary help services

19.7 15.7 24.6 19.7

Education and health services(1)

9 37 42 32

Health care and social assistance

14.5 40.7 40.7 22.7

Leisure and hospitality

9 10 20 33

Other services

2 3 10 0

Government

11 4 5 12

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES(2)
AS A PERCENT OF ALL EMPLOYEES

Total nonfarm women employees

49.5 49.4 49.4 49.3

Total private women employees

48.1 47.9 47.9 47.9

Total private production and nonsupervisory employees

82.6 82.6 82.6 82.6

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.5 34.5 34.5 34.6

Average hourly earnings

$24.06 $24.46 $24.54 $24.53

Average weekly earnings

$830.07 $843.87 $846.63 $848.74

Index of aggregate weekly hours (2007=100)(3)

99.1 101.0 101.2 101.7

Over-the-month percent change

0.1 0.2 0.2 0.5

Index of aggregate weekly payrolls (2007=100)(4)

113.8 117.9 118.5 119.0

Over-the-month percent change

0.3 0.3 0.5 0.4

HOURS AND EARNINGS
PRODUCTION AND NONSUPERVISORY EMPLOYEES

Total private

Average weekly hours

33.6 33.7 33.8 33.7

Average hourly earnings

$20.21 $20.61 $20.67 $20.67

Average weekly earnings

$679.06 $694.56 $698.65 $696.58

Index of aggregate weekly hours (2002=100)(3)

106.3 108.7 109.2 109.1

Over-the-month percent change

-0.2 0.2 0.5 -0.1

Index of aggregate weekly payrolls (2002=100)(4)

143.5 149.7 150.8 150.6

Over-the-month percent change

0.0 0.3 0.7 -0.1

DIFFUSION INDEX(5)
(Over 1-month span)

Total private (264 industries)

59.8 67.8 62.7 57.8

Manufacturing (81 industries)

54.9 56.2 54.9 51.9

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(p) Preliminary

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Cascade Range of Volcano Earthquake Swarm — Will Mount Rainier and Mammoth Mountain Be Next To Erupt — Yellowstone? — Will It Happen? Yes. When? Do not know! — Videos

Posted on September 28, 2014. Filed under: American History, Biology, Blogroll, Chemistry, Communications, Diasters, Documentary, Economics, Education, Energy, Federal Government, Geology, government spending, history, liberty, Life, Links, media, People, Philosophy, Photos, Physics, Radio, Science, Strategy, Technology, Video, Volcano, Water, Weather, Wisdom | Tags: , , , , , , , , |

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Mammoth earthquake swarm is the largest in nearly a decade

 

Morre than 600 small earthquakes have rattled the Mammoth Lakes region in less than 36 hours as ripple effects continued across one of the most seismically active volcanic regions in California, according to the U.S. Geological Survey.

The swarm of quakes — ranging from magnitude 1.0 to 3.8 — began just before 5 a.m. Thursday, according to the USGS.
“This is one of the largest earthquake swarms we’ve seen in the past decade or so,” said David Shelly, a USGS research seismologist who has been studying the volcanic system near Mammoth Lakes. “We’ll be tracking it closely.”

Residents reported periodic rattles through the day but said they were used to the shaking given that Mammoth is a seismically active area.

Earthquake swarms are not uncommon to this region in California’s Eastern Sierra. Countless small faults crisscross the area known as the Long Valley Caldera, Shelly said. This roughly 20-mile-wide crater-like depression, adjacent to Mammoth Mountain, was formed from ash and pumice deposits during a volcanic “super eruption” about 760,000 years ago.

At 11,053 feet, Mammoth Mountain is a lava dome complex on the southwest rim of the caldera and last erupted about 57,000 years ago. The volcanic region is one of the most seismically active in a mostly quiet network of 17 volcanoes throughout California.

The central part of the caldera has been uplifting slowly in recent decades, and these earthquake swarms happen episodically as part of the volcanic and tectonic interactions in the area, Shelly said.

It doesn’t mean that the volcano is any more active. It’s an ongoing process in an volcanic system.
– David Shelly, USGS research seismologist
Deep down in the earth, there is magma, but the magma is not what’s moving, Shelly said. The earthquakes are usually triggered when water and carbon dioxide above the magma move up into higher layers of the earth’s crust and into the cracks of the small faults. The increase in fluid pressure sets off the movements.

“It doesn’t mean that the volcano is any more active,” he said. “It’s an ongoing process in an volcanic system.”

The latest earthquakes seem to be occurring in the same location as a swarm in July, when about 200 quakes of magnitude 2.7 or smaller rocked the area.

The size of the most recent swarm was notable, but was not nearly the size of some swarms in the 1980s and 1990s.

In the 1980s, the area was hit with multiple 6.0-magnitude temblors, which were likely overshadowed by the Mount St. Helens eruption in Washington state, Shelly said.

The last larger swarm occurred in 1997, when temblors as high as magnitude 4.9 shook the region. Thousands of earthquakes were part of that sequence, which lasted several months, Shelly said.

Mammoth quake swarm
Mammoth Mountain is one of the most seismically active volcanoes in California. (Brian van der Brug / Los Angeles Times)
There has been no indication that this week’s earthquakes will turn into anything like what happened in 1997. About 109 quakes of magnitude 2.0 or greater have been recorded since Thursday morning, while hundreds of smaller 1.0-magnitude quakes made up a bulk of the activity. At least six were greater than 3.0 magnitude.

By midday Friday, the swarm seemed to be slowing down, but Shelly said scientists would continue to monitor the area closely.

“At this point, we don’t know if it would continue to die down, or if there’d be another stage to this swarm,” Shelly said. “This is certainly an interesting scientific opportunity to better understand the processes that are driving this activity.”

http://www.latimes.com/local/lanow/la-me-ln-mammoth-earthquake-swarm-largest-in-a-decade-20140926-story.html

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Breaking News: Mount Ontake Stratovolcano Erupts Trapping Hikers Near Summit — 36 Dead, 7 Missing, 40 Injured — The Ring of Fire Explodes Once Again — Videos

Posted on September 27, 2014. Filed under: Data, Diasters, Doumentary, Economics, Energy, Enivornment, Geology, media, People, Photos, Science, Vacations, Video, Volcano, Water, Weather, Wisdom | Tags: , , , , , , , , , , , , , , , , , |

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Lack of warning in Japan’s Mt. Ontake volcano eruption raises questions

With all of the technology in place to monitor volcanoes and earthquakes, especially in Japan, it’s a fair question to ask: why was there no warning before the deadly eruptionof Mount Ontake in Japan on Saturday?

Compare Mount Ontake’s eruption to that of the recent lava show of Bardarbunga in Iceland. Seismometers in Iceland detected the potential movement of magma about two weeks in advance of the fissure eruption in the Holuhraun lava field, and officials were issuing warnings to surrounding residents well in advance.

But on Mount Ontake, the only warning hikers received on Saturday was a loud boom, “like thunder,” minutes before a massive ashcloud overtook the mountain.

Though it may seem that Saturday’s eruption took scientists by surprise, there’s probably little else they could have done to prevent the tragedy, at least with the current monitoring equipment. And when it comes to predicting the events themselves, “it depends on the type of eruption,” says Joe Dufek, professor of geophysics at the Georgia Institute of Technology.

Dufek explains that Saturday’s eruption had a large steam component — what scientists call a phreatic eruption. Red hot magma boiled ground water around the volcano until it exploded and was released as steam, launching ash high into the air. Saturday’s phreatic eruption was similar to those seen on Mount Ontake in 1979, 1991, and 2007.

The difficult aspect of this kind of eruption is that it can go virtually undetected. “An eruption like this doesn’t even require magma to move around,” says Dufek, which means that it wouldn’t have been noticeable on seismometers, like the Iceland eruption was.

Of the 110 active volcanoes in Japan, 47 of them are monitored closely by scientists. Mount Ontake is one of them. Scientists have 12 seismometers on the volcano, as well as five GPS instruments and a tiltmeter, used to measure whether or not the ground is moving. Eleven minutes before the eruption, the seismometers showed a volcanic tremor, but neither the GPS nor the tiltmeter showed any changes.

However, some argue that with different monitoring devices, early signs might have been visible to scientists. David Cyranoski of Nature News writes:

Some volcanoes in Japan, although not Ontake, also have devices for measuring gas release. This could, for example, show whether increased amounts of sulphur dioxide are escaping — a possible sign of an imminent eruption. Some volcanoes also have devices for measuring underground electrical conductivity: an increase in conductivity can signal rising water or magma.

While it was possible for officials to have taken some action prior to the eruption — tremors were recorded earlier this month — the question remains whether that kind of precautionary step would be a good idea, especially when there’s very little evidence suggesting there could even be an eruption. “We could just restrict everywhere, but people don’t want that,” said Toshikazu Tanada, the head of volcano research at the Japan National Research Institute for Earth Science, in an interview with Nature News.

There will likely be future conversations in Japan of how to better predict volcanic eruptions, but Dufek cautions that in fairness, the country’s geo-monitoring system is already quite advanced. “There’s not a lot of lead time in this kind of eruption,” said Dufek. “The monitoring in Japan as a whole is probably the densest network anywhere in the world. If anyone could catch it, it would probably be these guys.”

http://www.washingtonpost.com/blogs/capital-weather-gang/wp/2014/09/30/lack-of-warning-in-japans-mt-ontake-volcano-eruption-raises-questions/

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13 Impressively Beautiful Snowcapped Volcanoes of Japan

s part of the Pacific “Ring of Fire”, Japan is one of the countries in the world with so many active and inactive volcanoes.  These volcanoes whether active or dormant are popular tourist attractions. These volcanoes are scattered in the different parts of the country which is consists of many islands and islets.

Volcanoes included on this article are the snowcapped ones.

1. Mount Fuji

Image Source

  • Other name/s: Fuji-san
  • Type: Stratovolcano
  • Elevation: 3,776 meters
  • Last eruption: 1708
  • Location: About kilometers southwest of Tokyo.
  • Activities in the area: Hiking, Paragliding
  • Distinction: It is the mountain in Japan. It is one of Japan’s most famous symbols.

2. Mount Haku

Image Source

  • Other name/s: Haku-san
  • Type: Stratovolcano
  • Last eruption: 1659
  • Location: Borders of Gifu, Fukui and Ishikawa Prefectures
  • Activities in the area: Hiking
  • Distinction: It is one of the “Three Holy Mountains” of Japan

3. Mount Yotei

Image Source

  • Other name/s: Yoteizan, Yezo Fuji or Ezo Fuji, Makka Nupuri, Mount Shiribeshi
  • Type: Stratovolcano
  • Elevation:  1,898 meters
  • Last eruption: Holocene
  • Location: Shikotsu-Toya National Park in Hokkaido
  • Distinction: One of the 100 Famous Japanese Mountains

4. Mount Iwate

Image Source

  • Other name/s: Iwate-san
  • Type: Stratovolcano
  • Location: Southwest of Morioka City, Iwate Prefecture in Tohoku
  • Activities in the area:
  • Distinction: One of the 100 Famous Japanese Mountains

5. Mount Norikura

Image Source

  • Other name/s: Norikura-dake
  • Type: Stratovolcano
  • Elevation: 3,026 meters
  • Last eruption: 6870 BC ± 500 yea
  • Location: Borders of Gifu and Nagano Prefectures
  • Distinction: One of the 100 Famous Japanese Mountains and the New 100 Famous Japanese Mountains

6. Mount Ontake

Image Source

  • Other name/s: Ontake-san, Mount Kiso Ontake
  • Elevation: 3,063 meters
  • Last eruption: 1980
  • Location: Borders of Otaki and Kiso in Nagano prefectures and Gero in Gifu Prefectures
  • Distinction: It is the second highest volcano in Japan

7. Mount Myoko

Image Source

  • Other name/s: Myoko-san
  • Type: Stratovolcano
  • Elevation: 2,446 meters
  • Last eruption: 2360 BC ± 150 years
  • Location: Myoko City, Niigata Prefecture in Honshu Island
  • Distinction: One of the 100 Famous Japanese Mountains
  •                    “Famous Mountain” of Niigata Prefecture

8. Mount Nikko-Shirane

Image Source

  • Other name/s: Nikkō-Shirane-san
  • Type: Shield volcano
  • Elevation: 2,578 meters
  • Last eruption: 1890
  • Location: Nikko National Park in central Honshu
  • Activities in the area:
  • Distinction: One of the 100 Famous Japanese Mountains

9. Mount Chokai

Image Source

  • Type:  Chokai-san
  • Elevation: 2,237 meters
  • Last eruption: 1974
  • Location: Border of Yamagata and Akita prefectures
  • Activities in the area: Hiking
  • Distinction: It is second tallest mountain in Tohoku region. It is regarded as a sacred mountain by Shugendo. One of the 100 Famous Japanese Mountains

10. Mount Iwaki

Image Source

  • Other name/s: Iwaki-san, Tsugaru-Fuji
  • Type: Stratovolcano
  • Elevation: 1,625 meters
  • Last eruption: 1853
  • Location: Western Aomori Prefecture, Tohuko
  • Activities in the area: It can be reach only through hiking
  • Distinction: One of the 100 Famous Japanese Mountains

11. Mount Asama

Image Source

  • Other name/s: Asama-yama
  • Type: Complex volcano
  • Elevation:  2,544 meters
  • Last eruption: 2009
  • Location: Gunma and Nagano Prefecture border in Central Honshu
  • Distinction: One of the 100 Famous Japanese Mountains

12. Mount Tate

Image Source

  • Other name/s: Tate-yama
  • Elevation: 2,621 meters
  • Last eruption: 1858
  • Location: Southeastern area of Toyama Prefecture
  • Activities in the area: Climbing from April to November
  • Distinction: It is Japan’s “Three Holy Mountains”.
  •       It is one of the tallest peaks in the Hilda Mountains

13. Mount Tateshina

Image Source

  • Other name/s: Tateshina-yama, Suwa Fuji
  • Type: Complex volcano
  • Elevation: 2,530 meters
  • Last eruption: Unknown
  • Location: Border of Chino and Tateshina municipalities in Nagano Prefecture
  • Distinction: One of the 100 Famous Japanese Mountains

http://japan.knoji.com/13-impressively-beautiful-snowcapped-volcanoes-of-japan/

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Asset Price Bubble Bursts Coming In October With 69 Months of Near Zero Federal Funds Interest Rates! — Interest Rate Suppression or Price Control and Manipulation Will Blow Up Economy — Suppressing Savings and Investment With Low Interest Rates Is A Formula For Diaster and Depression — Panic Time — Start A War Over Oil — Meltdown America –Videos

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Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Pronk Pops Show 288: June 30, 2014

Pronk Pops Show 287: June 27, 2014

Pronk Pops Show 286: June 26, 2014

Pronk Pops Show 285 June 25, 2014

Pronk Pops Show 284: June 23, 2014

Pronk Pops Show 283: June 20, 2014

Pronk Pops Show 282: June 19, 2014

Pronk Pops Show 281: June 17, 2014

Pronk Pops Show 280: June 16, 2014

Pronk Pops Show 279: June 13, 2014

Pronk Pops Show 278: June 12, 2014

Pronk Pops Show 277: June 11, 2014

Pronk Pops Show 276: June 10, 2014

Pronk Pops Show 275: June 9, 2014

Pronk Pops Show 274: June 6, 2014

Pronk Pops Show 273: June 5, 2014

Pronk Pops Show 272: June 4, 2014

Pronk Pops Show 271: June 2, 2014

Story 1: Asset Price Bubble Bursts Coming In October With 69 Months of Near Zero Federal Funds Interest Rates! — Interest Rate Suppression or Price Control and Manipulation Will Blow Up Economy — Suppressing Savings and Investment With Low Interest Rates Is A Formula For Diaster and Depression — Panic Time — Start A War Over Oil — Meltdown America –Videos

U.S. Debt Clock

Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
09/17/2014 12,767,522,798,389.80 4,997,219,915,398.95 17,764,742,713,788.75

 

TABLE I -- SUMMARY OF TREASURY SECURITIES OUTSTANDING, AUGUST 31, 2014
(Millions of dollars)
                                              Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
                                              By the Public         Holdings
Marketable:
  Bills.......................................        1,450,293                     1,704                1,451,998
  Notes.......................................        8,109,269                     7,365                8,116,634
  Bonds.......................................        1,521,088                        57                1,521,144
  Treasury Inflation-Protected Securities.....        1,031,836                        52                1,031,888
  Floating Rate Notes  21  ...................          109,996                         0                  109,996
  Federal Financing Bank  1  .................                0                    13,612                   13,612
Total Marketable  a...........................       12,222,481                    22,790 2             12,245,271
Nonmarketable:
  Domestic Series.............................           29,995                         0                   29,995
  Foreign Series..............................            2,986                         0                    2,986
  State and Local Government Series...........          105,440                         0                  105,440
  United States Savings Securities............          177,030                         0                  177,030
  Government Account Series...................          193,237                 4,993,277                5,186,514
  Hope Bonds 19...............................                0                       494                      494
  Other.......................................            1,443                         0                    1,443
Total Nonmarketable  b........................          510,130                 4,993,771                5,503,901
Total Public Debt Outstanding ................       12,732,612                 5,016,561               17,749,172
TABLE II -- STATUTORY DEBT LIMIT, AUGUST 31, 2014
(Millions of dollars)
                                              Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
                                                 By the Public 17, 2Holdings
Debt Subject to Limit: 17, 20
  Total Public Debt Outstanding...............       12,732,612                 5,016,561               17,749,172
  Less Debt Not Subject to Limit:
    Other Debt ...............................              485                         0                      485
    Unamortized Discount  3...................           15,742                    12,421                   28,163
    Federal Financing Bank  1     ............                0                    13,612                   13,612
    Hope Bonds 19.............................                0                       494                      494
  Plus Other Debt Subject to Limit:
    Guaranteed Debt of Government Agencies  4                 *                         0                        *
  Total Public Debt Subject to Limit .........       12,716,386                 4,990,033               17,706,419
  Statutory Debt Limit  5.....................................................................                   0
COMPILED AND PUBLISHED BY
THE BUREAU OF THE FISCAL SERVICE
www.TreasuryDirect.gov

Interest Expense on the Debt Outstanding

The Interest Expense on the Debt Outstanding includes the monthly interest for:

Amortized discount or premium on bills, notes and bonds is also included in the monthly interest expense.

The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 199KB, uploaded 09/05/2014).

Note: To read or print a PDF document, you need the Adobe Acrobat Reader (v5.0 or higher) software installed on your computer. You can download the Adobe Acrobat Reader from the Adobe Website.

If you need help downloading…

Interest Expense Fiscal Year 2014
August $27,093,517,258.24
July $29,260,530,745.98
June $97,565,768,696.69
May $32,081,384,628.40
April $31,099,852,014.96
March $26,269,559,883.36
February $21,293,863,450.50
January $19,498,592,676.78
December $88,275,817,263.03
November $22,327,099,682.97
October $16,451,313,332.09
Fiscal Year Total $411,217,855,816.94
Available Historical Data Fiscal Year End
2013 $415,688,781,248.40
2012 $359,796,008,919.49
2011 $454,393,280,417.03
2010 $413,954,825,362.17
2009 $383,071,060,815.42
2008 $451,154,049,950.63
2007 $429,977,998,108.20
2006 $405,872,109,315.83
2005 $352,350,252,507.90
2004 $321,566,323,971.29
2003 $318,148,529,151.51
2002 $332,536,958,599.42
2001 $359,507,635,242.41
2000 $361,997,734,302.36
1999 $353,511,471,722.87
1998 $363,823,722,920.26
1997 $355,795,834,214.66
1996 $343,955,076,695.15
1995 $332,413,555,030.62
1994 $296,277,764,246.26
1993 $292,502,219,484.25
1992 $292,361,073,070.74
1991 $286,021,921,181.04
1990 $264,852,544,615.90
1989 $240,863,231,535.71
1988 $214,145,028,847.73

chart

fredgraph

fredgraph

BND-10-Year-Treasury-Yield-09122014

 JIM ROGERS Financial disaster coming – Dollar collapse – Countries Move Away From USD

US Fed signals move to normalize monetary policy

Dollar Meltdown, Massive Financial Bubble, Economic Collapse Marc Faber

Peter Schiff Iraq Crisis Threatens Global Economy

Peter Schiff – Fantasy About US Recovery Is Not Going To Materialize

Most important video Americans will see today – Doug Casey Interview

James Grant: Two Alternative Outcomes From Fed Policy – Much Higher Inflation or More Money Printing

Investor Jim Grant on Bubbles And Bargains

Jim Rogers Discusses Concern Over The Market

Jim Rogers On Economic Collapse And The US Debt‬

US Economy 2014 Collapse – *Peter Schiff* – FED will cause Huge Economic Crisis!

US ECONOMY COLLAPSE WILL LEAVE MILLIONS IN POVERTY

There Will Be No Economic Recovery. Prepare Yourself Accordingly

US Massive Financial Crisis Coming

Dan Mitchell Discussing Harvard Survey, Arguing for Growth over Class Warfare

The Coming Stock Market Crash and The Death of Money with Jim Rickards

Market Crash, Economic collapse 2014, The coming of World War 3 – Stock Market

Forbes: Obama’s Economic Reforms Are the Definition of Insanity

Why America Should Default and You Should Live Abroad: Q&A with Doug Casey

Doug Casey-No Way Out-Stock, Bond and Real Estate Markets Will Collapse

Russia conspired to destroy US dollar with China – clip from Meltdown America documentary

http://www.caseyresearch.com/lg/meltdown-video

 

 

Here a bubble, there a bubble: Ol’ Marc Faber

Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm.

“We have a bubble in everything, everywhere,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box” on Friday. Faber has long argued that the Federal Reserve’s massive asset purchasing programs and near-zero interest rates have inflated stock prices.

The catalyst for a market decline, as he sees it, could be a “raise in interest rates, not engineered by the Fed,” referring an increase in bond yields.

 

Faber also expressed concern about American consumers. “Their cost of living have gone up more than the salary increases, so they’re getting squeezed. So that’s why retailing is not doing particularly well.”

A real black swan event, he argued, would be a global recession. “The big surprise will be that the global economy slows down and goes into recession. And that will shock markets.”

If economies around the world can’t recovery with the Fed and other central banks pumping easy money into the system, that would send a dire message, Faber added. He believes the best way for world economies to recover is to cut the size of government.

Read MoreBond market hears Fed hawks; stocks see doves

There’s a dual-economy in the U.S. and around the world with the rich doing really well and others struggling, he said. “[But] the rich will get creamed one day, especially in Europe, on wealth taxes.”

On the other end of the market spectrum, longtime stock market bull Jeremy Siegel told CNBC on Tuesday (ahead of Wednesday’s Fed policy statement leaving interest rate guidance unchanged) that he stands by his Dow 18,000 prediction.

The Wharton School professor sees second half economic growth of 3 to 4 percent, S&P 500 earnings near $120, and the start of Fed rate hikes in the spring or summer of 2015

http://www.cnbc.com/id/102016166

 

Fed and TWTR Overvaluation, Evidence of Looming Market Crash: Stockman

The Federal Reserve Wednesday reassured investors that it will hold interest rates near zero for a “considerable time” after it ends the bond-buying program known as quantitative easing in October. In response, the Dow Jones Industrial Average (^DJI) closed at a new record high.

Former Director of the Office of Management and Budget and author of the book, The Great Deformation, David Stockman, has significant concerns about that very policy.

“I’m worried… that we’ve got the greatest bubble created by a central bank in human history,” he told Yahoo Finance.

In a recent blog post, Stockman offered a handful of high-flying stocks as evidence of what he sees as “madness.”

                                               “…Twitter, is all that is required to remind us that once

                                               again markets are trading in the nosebleed section

                                               of history, rivaling even the madness of March 2000.”

Behind the madness

In an interview with Yahoo Finance, Stockman blamed Fed policy for creating that madness.

“We have been shoving zero-cost money into the financial markets for 6-years running,” he said. “That’s the kerosene that drives speculative trading – the carry trades. That’s what the gamblers use to fund their position as they move from one momentum play and trade to another.”

And that, he says, is not sustainable. While Stockman believes tech stocks are especially overvalued, he warns that it’s not just tech valuations that are inflated. “Everything’s massively overvalued, and it’s predicated on zero-cost overnight money that continues these carry trades; It can’t continue.”

And he still believes, as he has for some time – so far, incorrectly – that there will be a day of reckoning.

“When the trades begin to unwind because the carry cost has to normalize, you’re going to have a dramatic re-pricing dislocation in these financial markets.”

As Yahoo Finance’s Lauren Lyster points out in the associated video, investors who heeded Stockman’s advice last year would have missed out on a 28% run-up in stocks. But Stockman remains steadfast in his belief that the current Fed policy and the resultant market behavior can not continue. “I think what the Fed is doing is so unprecedented, what is happening in the markets is so unnatural,” he said. “This is dangerous, combustible stuff, and I don’t know when the explosion occurs – when the collapse suddenly is upon us – but when it happens, people will be happy that they got out of the way if they did.”

 

 

Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, September 11, 2014
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FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 11, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Reserve Bank credit 4,377,690 +    4,183 +  761,693 4,379,719
Securities held outright1 4,159,537 +    2,675 +  765,361 4,160,521
U.S. Treasury securities 2,439,657 +    2,671 +  401,376 2,440,637
Bills2          0          0          0          0
Notes and bonds, nominal2 2,325,368 +    2,678 +  386,333 2,326,351
Notes and bonds, inflation-indexed2     97,755          0 +   11,737     97,755
Inflation compensation3     16,534 -        7 +    3,306     16,531
Federal agency debt securities2     41,562          0 -   22,868     41,562
Mortgage-backed securities4 1,678,317 +        4 +  386,851 1,678,322
Unamortized premiums on securities held outright5    208,963 -      219 +    5,815    208,907
Unamortized discounts on securities held outright5    -18,664 +       21 -   12,958    -18,654
Repurchase agreements6          0          0          0          0
Loans        291 -        8 +       18        352
Primary credit         10 -       18 -        8         53
Secondary credit          0          0          0          0
Seasonal credit        247 +        9 +       94        266
Term Asset-Backed Securities Loan Facility7         34          0 -       68         34
Other credit extensions          0          0          0          0
Net portfolio holdings of Maiden Lane LLC8      1,664 -        1 +      171      1,665
Net portfolio holdings of Maiden Lane II LLC9         63          0 -        1         63
Net portfolio holdings of Maiden Lane III LLC10         22          0          0         22
Net portfolio holdings of TALF LLC11         44          0 -       80         44
Float       -675 -       69 +       94       -627
Central bank liquidity swaps12         77 +        1 -      243         77
Other Federal Reserve assets13     26,369 +    1,784 +    3,517     27,349
Foreign currency denominated assets14     22,933 -      353 -      737     22,801
Gold stock     11,041          0          0     11,041
Special drawing rights certificate account      5,200          0          0      5,200
Treasury currency outstanding15     46,103 +       14 +      820     46,103
Total factors supplying reserve funds 4,462,967 +    3,844 +  761,776 4,464,863

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Currency in circulation15 1,292,467 -      442 +   84,956 1,291,993
Reverse repurchase agreements16    266,584 +      818 +  173,996    267,602
Foreign official and international accounts    102,228 -      296 +    9,640    107,303
Others    164,356 +    1,115 +  164,356    160,299
Treasury cash holdings        165 +        4 +       23        164
Deposits with F.R. Banks, other than reserve balances     52,715 -    6,170 -   19,233     53,117
Term deposits held by depository institutions          0          0          0          0
U.S. Treasury, General Account     39,081 -    3,787 +      530     31,872
Foreign official      5,432 -    1,134 -    3,562      5,241
Other17      8,202 -    1,248 -   16,201     16,004
Other liabilities and capital18     63,991 -        1 +      818     63,033
Total factors, other than reserve balances,
absorbing reserve funds
1,675,922 -    5,792 +  240,561 1,675,910
Reserve balances with Federal Reserve Banks 2,787,045 +    9,636 +  521,214 2,788,954

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of
the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the
foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
17. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items

Millions of dollars

Memorandum item Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Securities held in custody for foreign official and international accounts 3,338,309 -      417 +   61,832 3,343,937
Marketable U.S. Treasury securities1 3,010,563 -      456 +   86,414 3,016,027
Federal agency debt and mortgage-backed securities2    285,805 +       28 -   29,008    285,934
Other securities3     41,942 +       12 +    4,427     41,976
Securities lent to dealers     10,669 +    1,648 -    1,429     11,123
Overnight facility4     10,669 +    1,648 -    1,429     11,123
U.S. Treasury securities      9,860 +    1,721 -    1,405     10,373
Federal agency debt securities        810 -       72 -       23        750

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 10, 2014

Millions of dollars

Remaining Maturity Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 year
to 10 years
Over 10
years
All
Loans1        118        234          0          0          0        352
U.S. Treasury securities2
Holdings          0         90      3,194 1,037,162    742,261    657,930 2,440,637
Weekly changes          0          0          0 +    1,615 -        1 +    2,037 +    3,651
Federal agency debt securities3
Holdings      1,556      1,329      3,584     32,746          0      2,347     41,562
Weekly changes          0          0          0          0          0          0          0
Mortgage-backed securities4
Holdings          0          0          0         10      4,698 1,673,614 1,678,322
Weekly changes          0          0          0          0 +      863 -      857 +        6
Asset-backed securities held by
TALF LLC5
         0          0          0          0          0          0          0
Repurchase agreements6          0          0          0
Central bank liquidity swaps7         77          0          0          0          0          0         77
Reverse repurchase agreements6    267,602          0    267,602
Term deposits          0          0          0          0

Note: Components may not sum to totals because of rounding.
…Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation
under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name Wednesday
Sep 10, 2014
Mortgage-backed securities held outright1 1,678,322
Commitments to buy mortgage-backed securities2     80,643
Commitments to sell mortgage-backed securities2          0
Cash and cash equivalents3          4
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane LLC1      1,665
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane II LLC1         63
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane III LLC1         22
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Asset-backed securities holdings1          0
Other investments, net         44
Net portfolio holdings of TALF LLC         44
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under theauthority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury’s Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital Eliminations from consolidation Wednesday
Sep 10, 2014
Change since
Wednesday Wednesday
Sep 3, 2014 Sep 11, 2013
Assets
Gold certificate account     11,037          0          0
Special drawing rights certificate account      5,200          0          0
Coin      1,930 +        8 -       62
Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,351,126 +    3,534 +  756,847
Securities held outright1 4,160,521 +    3,657 +  763,739
U.S. Treasury securities 2,440,637 +    3,651 +  399,549
Bills2          0          0          0
Notes and bonds, nominal2 2,326,351 +    3,661 +  385,784
Notes and bonds, inflation-indexed2     97,755          0 +   10,546
Inflation compensation3     16,531 -       10 +    3,219
Federal agency debt securities2     41,562          0 -   22,654
Mortgage-backed securities4 1,678,322 +        6 +  386,844
Unamortized premiums on securities held outright5    208,907 -      132 +    5,820
Unamortized discounts on securities held outright5    -18,654 +       19 -   12,787
Repurchase agreements6          0          0          0
Loans        352 -       10 +       75
Net portfolio holdings of Maiden Lane LLC7      1,665 +        1 +      167
Net portfolio holdings of Maiden Lane II LLC8         63          0 -        1
Net portfolio holdings of Maiden Lane III LLC9         22          0          0
Net portfolio holdings of TALF LLC10         44          0 -       68
Items in process of collection (0)         94 -       22 -       31
Bank premises      2,255          0 -       29
Central bank liquidity swaps11         77 +        1 -      243
Foreign currency denominated assets12     22,801 -      404 -      925
Other assets13     25,095 +    2,704 +    3,719
Total assets (0) 4,421,408 +    5,821 +  759,373

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital Eliminations from consolidation Wednesday
Sep 10, 2014
Change since
Wednesday Wednesday
Sep 3, 2014 Sep 11, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,247,980 -    2,086 +   84,510
Reverse repurchase agreements14    267,602 +   17,296 +  175,438
Deposits (0) 2,842,072 -    8,612 +  499,663
Term deposits held by depository institutions          0          0          0
Other deposits held by depository institutions 2,788,954 -   24,799 +  513,312
U.S. Treasury, General Account     31,872 +   10,836 +    1,852
Foreign official      5,241 -    1,326 -    3,524
Other15 (0)     16,004 +    6,676 -   11,978
Deferred availability cash items (0)        721 -      482 -      163
Other liabilities and accrued dividends16      6,693 -      299 -    1,529
Total liabilities (0) 4,365,067 +    5,817 +  757,919
Capital accounts
Capital paid in     28,170 +        2 +      726
Surplus     28,170 +        2 +      726
Other capital accounts          0          0          0
Total capital     56,341 +        4 +    1,454

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014

Millions of dollars

Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account     11,037        352      4,125        338        464        824      1,349        706        278        173        291        880      1,257
Special drawing rights certificate acct.      5,200        196      1,818        210        237        412        654        424        150         90        153        282        574
Coin      1,930         32         94        124        123        320        222        276         25         46        153        182        332
Securities, unamortized premiums and discounts, repurchase agreements,
and loans
4,351,126     88,009 2,670,390    104,231     94,993    243,168    240,542    177,833     53,725     26,795     57,330    132,586    461,524
Securities held outright1 4,160,521     84,160 2,553,576     99,673     90,839    232,534    229,991    170,046     51,317     25,497     54,804    126,772    441,311
U.S. Treasury securities 2,440,637     49,370 1,497,974     58,470     53,288    136,409    134,917     99,752     30,104     14,957     32,149     74,367    258,881
Bills2          0          0          0          0          0          0          0          0          0          0          0          0          0
Notes and bonds3 2,440,637     49,370 1,497,974     58,470     53,288    136,409    134,917     99,752     30,104     14,957     32,149     74,367    258,881
Federal agency debt securities2     41,562        841     25,509        996        907      2,323      2,298      1,699        513        255        547      1,266      4,409
Mortgage-backed securities4 1,678,322     33,949 1,030,093     40,207     36,644     93,803     92,777     68,595     20,701     10,285     22,107     51,139    178,021
Unamortized premiums on securities held outright5    208,907      4,226    128,220      5,005      4,561     11,676     11,548      8,538      2,577      1,280      2,752      6,365     22,159
Unamortized discounts on securities held outright5    -18,654       -377    -11,449       -447       -407     -1,043     -1,031       -762       -230       -114       -246       -568     -1,979
Repurchase agreements6          0          0          0          0          0          0          0          0          0          0          0          0          0
Loans        352          1         44          0          0          0         34         11         61        132         20         17         33
Net portfolio holdings of Maiden
Lane LLC7      1,665          0      1,665          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
Lane II LLC8         63          0         63          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
Lane III LLC9         22          0         22          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of TALF LLC10         44          0         44          0          0          0          0          0          0          0          0          0          0
Items in process of collection         94          0          0          0          0          0         93          0          0          1          0          0          0
Bank premises      2,255        121        434         74        110        222        209        198        124         97        243        224        200
Central bank liquidity swaps11         77          4         25          6          6         16          4          2          1          0          1          1         11
Foreign currency denominated assets12     22,801      1,037      7,335      1,714      1,813      4,754      1,311        629        192         96        240        381      3,299
Other assets13     25,095        535     15,039        739        546      1,547      1,374      1,014        356        219        347        798      2,580
Interdistrict settlement account          0 +   10,547 -   58,585 +    2,678 +    9,252 +      197 +    8,040 -   10,297 -   10,950 -    2,083 -      134 +    2,635 +   48,701
Total assets 4,421,408    100,833 2,642,468    110,114    107,543    251,460    253,799    170,787     43,900     25,434     58,623    137,969    518,478

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014 (continued)

Millions of dollars

Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Liabilities
Federal Reserve notes outstanding 1,443,974     44,572    489,349     42,766     65,118    103,568    212,875     94,569     37,360     21,242     36,783    115,911    179,862
Less: Notes held by F.R. Banks    195,994      5,311     63,063      6,357      8,870     11,177     20,690     11,915      4,937      4,278      5,302     25,736     28,359
Federal Reserve notes, net 1,247,980     39,261    426,285     36,409     56,248     92,391    192,186     82,654     32,423     16,964     31,481     90,175    151,503
Reverse repurchase agreements14    267,602      5,413    164,244      6,411      5,843     14,956     14,793     10,937      3,301      1,640      3,525      8,154     28,385
Deposits 2,842,072     53,409 2,030,175     62,876     40,791    131,999     42,547     75,315      7,510      6,356     22,882     38,429    329,783
Term deposits held by depository institutions          0          0          0          0          0          0          0          0          0          0          0          0          0
Other deposits held by depository institutions 2,788,954     53,397 1,977,410     62,837     40,788    131,731     42,538     75,306      7,510      6,355     22,881     38,428    329,774
U.S. Treasury, General Account     31,872          0     31,872          0          0          0          0          0          0          0          0          0          0
Foreign official      5,241          2      5,214          3          3          8          2          1          0          0          0          1          6
Other15     16,004         11     15,679         36          0        260          7          7          0          0          1          0          3
Deferred availability cash items        721          0          0          0          0          0        611          0          0        110          0          0          0
Interest on Federal Reserve notes due
to U.S. Treasury16
     1,693         19      1,199         20         10         23         86         73         20         12         20         54        155
Other liabilities and accrued
dividends17
     5,000        167      2,179        211        208        544        361        282        142        118        126        208        454
Total liabilities 4,365,067     98,270 2,624,083    105,927    103,101    239,913    250,583    169,261     43,395     25,200     58,034    137,021    510,279
Capital
Capital paid in     28,170      1,282      9,193      2,093      2,221      5,773      1,608        763        252        117        295        474      4,099
Surplus     28,170      1,282      9,193      2,093      2,221      5,773      1,608        763        252        117        295        474      4,099
Other capital          0          0          0          0          0          0          0          0          0          0          0          0          0
Total liabilities and capital 4,421,408    100,833 2,642,468    110,114    107,543    251,460    253,799    170,787     43,900     25,434     58,623    137,969    518,478

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Federal Reserve notes and collateral Wednesday
Sep 10, 2014
Federal Reserve notes outstanding 1,443,974
Less: Notes held by F.R. Banks not subject to collateralization    195,994
Federal Reserve notes to be collateralized 1,247,980
Collateral held against Federal Reserve notes 1,247,980
Gold certificate account     11,037
Special drawing rights certificate account      5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,231,743
Other assets pledged          0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,160,521
Less: Face value of securities under reverse repurchase agreements    257,508
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,903,013

Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

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Mike Maden — Drone — Videos

Posted on August 2, 2014. Filed under: American History, Blogroll, Books, College, Communications, Crime, Crisis, Doumentary, Drones, Drug Cartels, Education, Energy, Entertainment, Fiction, Films, Foreign Policy, Freedom, government spending, history, Homicide, Illegal, Immigration, Islam, Language, Law, liberty, Life, Links, media, Movies, Natural Gas, Natural Gas, Oil, Oil, People, Philosophy, Photos, Politics, Resources, Reviews, Security, Transportation, Video, War, Weapons, Welfare | Tags: , , , , , , , , , , , , , |

 

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Mike Maden

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Obama defends US drone attacks

Peter Singer: Drone Warfare

The Morality of Drone Warfare

DRONE WARS, PART ONE: THE DRONE LANDSCAPE

DRONE WARS, PART TWO: THE DRONE ECONOMY

DRONE WARS, PART THREE: THE DRONE MORALITY

Drone Boom Why Drones Aren’t Just for Dropping Bombs Anymore

Drone Laws Restrict Civilian UAV’s but allow Government

Rise of the Drones(full documentary)HD

RISE OF THE DRONES – NOVA (full documentary)

The Costs of Drone Warfare – Documentary

Richard Clarke – U.S. Drone Program Under Obama “Got Out of Hand”

EVERYONE needs to see this! Drone Strikes

Top 10 Drones in the world

ex CEO Colin Guinn is ALIVE, Files legal Injunction against DJI Innovations

 

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Kurdistan — A New Nation In The Making With 40 Million Kurds — Turkey (15 Million +), Iran (7 Million +), Iraq (6 Million +), and Syria (3 Million +) — No Friends But The Mountains — Videos

Posted on June 14, 2014. Filed under: American History, Blogroll, College, Communications, Constitution, Demographics, Economics, Education, Employment, Energy, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Genocide, government, history, Illegal, Immigration, Language, Law, Legal, liberty, Life, Literacy, media, Natural Gas, Nuclear Power, Oil, People, Philosophy, Photos, Politics, Rants, Raves, Regulations, Talk Radio, Terrorism, Video, War, Wealth, Weapons, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , |

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Who are the Kurds

Kurdistan; Paradise of 7 tribes

Iraq: Border crossings into autonomous Kurdistan flooded with fleeing Iraqis

( Kurdistan ) New country in Mideast Kurds aim to create own state amid conflicts

Brief History of Kurdistan

New country in Mideast? Kurds aim to create own state amid conflicts

The Invisible Nation of Kurds

Kurds After the Gulf War

Kurdish Exodess in 1991 part 1

Kurdish Exodess in 1991 part 2

The Kurds: A People in Search of Their Homeland

Iraqi Kurds ‘fully control Kirkuk’ as army flees

2014 – BBC World News – Imminent ISIS Attack on Baghdad; Iraqi Kurds Seize Ctrl of Kirkuk

Kurdish Special Forces VS isis 2014

Syrias Kurdish Islamist terror conflict Ceylanpınar

MidEast In-Depth: What’s the impact of the rift between the Kurds in Syria?

 

Female Fighters of Kurdistan (Part 1/3)

Female Fighters of Kurdistan (Part 2/3)

Female Fighters of Kurdistan (Part 3/3)

Women fighters in kurdistan 2013 (documentary)

Cases: The Condition of Kurds in Turkey

26 years of Kurdish struggle in Turkey 

DN! US Journalist (1) on Plight of Kurds Deported from Turkey

DN! US Journalist (2) on Plight of Kurds Deported from Turkey

Documentary: Good Kurds, Bad Kurds 1/8

Documentary: Good Kurds, Bad Kurds 2/8

Documentary: Good Kurds, Bad Kurds 3/8

Documentary: Good Kurds, Bad Kurds 4/8

Documentary: Good Kurds, Bad Kurds 5/8

Documentary: Good Kurds, Bad Kurds 6/8

Documentary: Good Kurds, Bad Kurds 7/8

Documentary: Good Kurds, Bad Kurds 8/8

 

 

 

 

 

The Kurdish Question

History of the Kurdish Aryan Race (Proto indo-European)

BBC – Fast Track, About Kurdistan

The Other Iraq Who are the Kurds

KURDISTAN – CBS NEWS REPORT, WHAT IS KURDISTAN?

Booming Economy in Kurdistan Transforms Region into Business Hub

In A Changing Middle East, Should the U.S. Support Kurdish Independence?

The Invisible Nation of Kurds

KURDISTAN the new Dubai 2012-2031

Kurdish wedding in Dallas Plano

Former US Ambassador to Syria Robert Ford on Kurds in Syria

Noam Chomsky (July, 2013) “On the Kurds”

Kurdish oil upsets Washington and Baghdad

Kurdish population

From Wikipedia, the free encyclopedia

The Kurdish people are an Indo-European ethnic group, whose origins are in the Middle East.[1] They are the largest ethnic group in the world that do not have a state of their own.[2] The region of Kurdistan, the original geographic region of the Kurdish people and the home to the majority of Kurds today, covers contemporary TurkeyIraqIran, and Syria. This geo-cultural region means “Land of the Kurds”. Kurdish populations occupy the territory in and around the Zagros mountains. These arid unwelcoming mountains have been a geographic buffer to cultural and political dominance from neighboring empires.[2] Persians,Arabs and Ottomans were kept away, and a space was carved out to develop Kurdish culture, language and identity.[2]

 

Turkey[edit]

According to a report by Turkish agency KONDA, in 2006, out of the total population of 73 million people in Turkey there were 11.4 million Kurds and Zazas living in Turkey (close to 15.68% of the total population).[3]The Turkish newspaper Milliyet has reported in 2008 that the Kurdish population in Turkey is 12.6 million; although this also includes 3 million Zazas.[4] According to the World Factbook, Kurdish people make up 18% of Turkey’s population (about 14 million, out of 77.8 million people).[5] Kurdish sources put the figure at 20[6] to 25 million Kurds in Turkey.[7]

Kurds mostly live in southeastern and eastern parts of Anatolia. But large Kurdish populations can be found in western Turkey due to internal migration. According to Rüstem Erkan, Istanbul is the province with the largest Kurdish population in Turkey.[8]

Iran[edit]

Main articles: Kurds in Iran and Kurds of Khorasan

From the 7 million Iranian Kurds, a significant portion are Shia.[9] Shia Kurds inhabit Kermanshah Province, except for those parts where people are Jaff, and Ilam Province; as well as some parts of Kurdistan,Hamadan and Zanjan provinces. The Kurds of Khorasan Province in northeastern Iran are also adherents of Shia Islam. During the Shia revolution in Iran the major Kurdish political parties were unsuccessful in absorbing Shia Kurds, who at that period had no interest in autonomy.[10][11][12] However, since the 1990s Kurdish nationalism has seeped into the Shia Kurdish area partly due to outrage against government’s violent suppression of Kurds farther north.[13]

Iraq[edit]

Main article: Kurds in Iraq

Kurds constitute approximately 17% of Iraq’s population. They are the majority in at least three provinces in northern Iraq which are together known as Iraqi Kurdistan. Kurds also have a presence in KirkukMosul,Khanaqin, and Baghdad. Around 300,000 Kurds live in the Iraqi capital Baghdad, 50,000 in the city of Mosul and around 100,000 elsewhere in southern Iraq.[14]

Kurds led by Mustafa Barzani were engaged in heavy fighting against successive Iraqi regimes from 1960 to 1975. In March 1970, Iraq announced a peace plan providing for Kurdish autonomy. The plan was to be implemented in four years.[15] However, at the same time, the Iraqi regime started an Arabization program in the oil-rich regions of Kirkuk and Khanaqin.[16] The peace agreement did not last long, and in 1974, the Iraqi government began a new offensive against the Kurds. Moreover in March 1975, Iraq and Iran signed the Algiers Accord, according to which Iran cut supplies to Iraqi Kurds. Iraq started another wave of Arabization by moving Arabs to the oil fields in Kurdistan, particularly those around Kirkuk.[17] Between 1975 and 1978, 200,000 Kurds were deported to other parts of Iraq.[18]

Syria[edit]

Main article: Kurds in Syria

Kurds are the largest ethnic minority in Syria and make up nine percent of the country’s population.[19] Syrian Kurds have faced routine discrimination and harassment by the government.[20][21]

Syrian Kurdistan is an unofficial name used by some to describe the Kurdish inhabited regions of northern and northeastern Syria.[22] The northeastern Kurdish inhabited region covers the greater part of Hasakah Governorate. The main cities in this region are Qamishli and Hasakah. Another region with significant Kurdish population is Kobanê (Ayn al-Arab) in the northern part of Syria near the town of Jarabulus and also the city of Afrin and its surroundings along the Turkish border.

Many Kurds seek political autonomy for the Kurdish inhabited areas of Syria, similar to Iraqi Kurdistan in Iraq, or outright independence as part of Kurdistan. The name “Western Kurdistan” (Kurdish: Rojavayê Kurdistanê) is also used by Kurds to name the Syrian Kurdish inhabited areas in relation to Kurdistan.[23][24][25] Since the Syrian civil war, Syrian government forces have abandoned many Kurdish-populated areas, leaving the Kurds to fill the power vacuum and govern these areas autonomously.[26]

Armenia[edit]

According to the 2011 Armenian Census, 37,470 Kurds live in Armenia, mainly Yazidi.[27] They mainly live in the western parts of Armenia. The Kurds of the former Soviet Union first began writing Kurdish in the Armenian alphabet in the 1920s, followed by Latin in 1927, then Cyrillic in 1945, and now in both Cyrillic and Latin. The Kurds in Armenia established a Kurdish radio broadcast from Yerevan and the first Kurdish newspaper Riya Teze. There is a Kurdish Department in the Yerevan State Institute of Oriental studies. The Kurds of Armenia were the first exiled country to have access to media such as radio, education and press in their native tongue[28] but many Kurds, from 1939 to 1959 were listed as the Azeri population or even as Armenians.[29]

Georgia[edit]

According to the 2000 Georgian Census, 20,843 Kurds live in Georgia.[30] The Kurds in Georgia mainly live in the capital of Tbilisi and Rustavi.[31] According to a United Nations High Commissioner for Refugeesrerport from 1998, about 80% of the Kurdish population in Georgia are Yazidi Kurds.[31]

Russia[edit]

According to the 2010 Russian Census, 63,818 Kurds live in Russia. Russia has maintained warm relations with the Kurds for a long time, During the early 19th century, the main goal of the Russian Empire was to ensure the neutrality of the Kurds, in the wars against Persia and the Ottoman Empire.[32] In the beginning of the 19th century, Kurds settled in Transcaucasia, at a time when Transcaucasia was incorporated into the Russian Empire. In the 20th century, Kurds were persecuted and exterminated by the Turks and Persians, a situation that led Kurds to move to Russia.[33]

Lebanon[edit]

Main article: Kurds in Lebanon

The existence of a community of at least 100,000 Kurds is the product of several waves of immigrants, the first major wave was in the period of 1925-1950 when thousands of Kurds fled violence and poverty in Turkey.[34] Kurds in Lebanon go back far as the twelfth century A.D. when the Ayyubids arrived there. Over the next few centuries, several other Kurdish families were sent to Lebanon by a number of powers to maintain rule in those regions, others moved as a result of poverty and violence in Kurdistan. These Kurdish groups settled in and ruled many areas of Lebanon for a long period of time.[35]:27 Kurds of Lebanon settled in Lebanon because of Lebanon’s pluralistic society.[36]

Western Europe[edit]

The Kurdish diaspora in Western Europe is most significant in Germany, France, Sweden and the UK. Kurds from Turkey went to Germany and France during the 1960s as immigrant workers. Thousands of Kurdish refugees and political refugees fled from Turkey to Sweden during the 1970s and onward, and from Iraq during the 1980s and 1990s.

In France, the Iranian Kurds make up the majority of the community.[37] However, thousands of Iraqi Kurds also arrived in the mid 1990s.[38] More recently, Syrian Kurds have been entering France illegally[39]

In the United Kingdom, Kurds first began to immigrate between 1974-75 when the rebellion of Iraqi Kurds against the Iraqi government was repressed. The Iraqi government began to destroy Kurdish villages and forced many Kurds to move to barren land in the south.[40] These events resulted in many Kurds fleeing to the United Kingdom. Thus, the Iraqi Kurds make up a large part of the community.[37] In 1979, Ayatollah Khomeini came to power in Iran and installed Islamic law. There was widespread political oppression and persecution of the Kurdish community. Since the late 1970s the number of people from Iran seeking asylum in Britain has remained high.[40] In 1988, Saddam Hussein launched the Anfal campaign in the northern Iraq. This included mass executions and disappearances of the Kurdish community. The use of chemical weapons against thousands of towns and villages in the region, as well as the town of Halabja increased the number of Iraq Kurds entering the United Kingdom.[40] A large number of Kurds also came to the United Kingdom following the 1980 military coup in Turkey.[40] More recently, immigration has been due to the continued political oppression and the repression of ethnic and religious minorities in Iraq and Iran.[40] Estimates of the Kurdish population in the United Kingdom are as high as 200-250,000.[40]

In Denmark, there is a significant number of Iraqi political refugees, many of which are actually Kurds.[41]

In Finland, most Kurds arrived in the 1990s as Iraqi refugees.[42] Kurds in Finland have no great attachment to the Iraqi state because of their position as a persecuted minority. Thus, they feel more accepted and comfortable in Finland, many wanting to get rid of their Iraqi citizenship.[43]

North America[edit]

In the United States, it is believed that the Kurdish population is approximately 58,000,[44] the large majority of which come from Iran.[45] It is estimated that some 23,000 Iranian Kurds are living in the United States.[45]During the 1991 Persian Gulf War, about 10,000 Iraqi refugees were admitted to the United States, most of which were Kurds and Shiites who had assisted or were sympathisers of the U.S –led war.[46] Nashville, Tennessee has the nation’s largest population of Kurdish people, with an estimated 8,000-11,000. There are also Kurds in Southern CaliforniaLos Angeles, and San Diego.[47]

In Canada, Kurdish immigration was largely the result of the Iran-Iraq War and the Gulf War. Thus, many Iraqi Kurds immigrated to Canada due to the constant wars and suppression of Kurds and Shiites by the Iraqi government.[48]

Oceania[edit]

In Australia, Kurdish migrants first arrived in the second half of the 1960s, mainly from Turkey.[49] However, in the late 1970s families from Syria and Lebanon were also present in Australia.[49] Since the second half of the 1980s, the majority of Kurds arriving in Australia have been from Iraq and Iran; many of them were accepted under the Humanitarian Programme.[49] However, Kurds from Lebanon, Armenia and Georgia have also migrated to Australia. The majority live in Melbourne and Sydney.[49]

Statistics by country[edit]

Traditional areas of Kurdish settlement[edit]

Country Official figures Official figures in % Current est. Kurdish population Further information
 Turkey 2,819,727 (1965 census, Kurdish speakers)a 8.98% 13,261,000 (18.3%)e Kurds in Turkey
 Iran N/A N/A approx. 6,500,000[50] Kurds in Iran
 Iraq N/A N/A approx. 5,000,000[51] Kurds in Iraq
 Syria N/A N/A approx. 2,200,000[52] Kurds in Syria
 Armenia 37,470 (2011 census)d 1.24% Kurds in Armenia

 Azerbaijan6,073 (2009 census)b0.07%150,000–180,000[59][60]Kurds in Azerbaijan

 Russia63,818 (2010 census)c0.04%—Kurds in Russia

 Georgia20,843 (2002 census)[63]0.48%—Kurds in Georgia

Other countries[edit]

Country Official figures Official figures in % Current est. Kurdish population Further information
 Germany N/A N/A approx. 800,000[64]
 Israel N/A N/A approx. 150,000[65] Kurds in Israel
 France N/A N/A approx. 150,000[66]
 Sweden N/A N/A approx. 90,000[67] Kurds in Sweden
 Lebanon N/A N/A approx. 80,000[68] Kurds in Lebanon
 Netherlands N/A N/A approx. 70,000[69]
 Belgium N/A N/A approx. 80,000[70]
 United Kingdom 49,921 (2011 census)[71][72][73] 0.08% Kurds in the United Kingdom

 Kazakhstan 41,431 (2013 annual statistics)[74] 0.25% Kurds in Kazakhstan
 Jordan N/A N/A 30,000[75]–100,000[76] Kurds in Jordan
 Denmark N/A N/A 30,000[77]
 Greece N/A N/A 28,000[78]
 United States 15,361 (2006-2010 ACS)[79] 0.01% Kurds in the United States

  Switzerland 14,699 (2012 statistics, Kurdish speakers)[80] 0.22% N/A
 Kyrgyzstan 13,171 (2009 census)[81][82] 0.25%
 Canada 11,685 (2011 census)[83] 0.04%
 Finland 10,075 (2013 annual statistics, Kurdish speakers)[84] 0.18%
 Australia 6,991 (2011 census)[85]
4,586 (2011 census, Kurdish speakers)[85]
0.03%
0.02%
 Turkmenistan 6,097 (1995 census)[89] 0.14% Kurds in Turkmenistan
 Kuwait N/A N/A 5,000[90]
 Norway N/A N/A 5,000[70]
 Italy N/A N/A 4,000[70]
 Romania N/A N/A 3,000[91]
 Austria 2,133 (2001 census, Kurdish speakers)[92] 0.03% N/A
 Ukraine 2,088 (2001 census)[93] 0%
 Uzbekistan 1,839 (1989 census)[94] 0.01%
 Ireland 128 (2011 census)[95] 0% 1,500[96]
 Cyprus N/A N/A 1,500[97]
 South Korea N/A N/A 1,000[98]
 Spain N/A N/A 1,000[99]
 New Zealand 720 (2013 census)[100]
828 (2013 census, Kurdish speakers)[100]
0.02%
0.02%
 Japan N/A N/A 300–400[101] Kurds in Japan
 Poland 224 (2011 census)[102] 0%
 Hungary 149 (2011 census)[103] 0%
 Bulgaria 147 (2011 census)[104] 0%
 Moldova (1989 census)[105]
132 (Immigrants 1993-2013)[106]
0%
0%
 Czech Republic 100 (2011 census)[107] 0%
 Belarus 81 (2009 census)[108] 0%
 Abkhazia 29 (1989 census)[109] 0.01%
 Latvia 29 (2014 annual statistics)[110] 0%
 Estonia 23 (2011 census)[111] 0%
 Serbia <12 (2011 census)[112] 0%
 Lithuania <10 (2011 census)[113] 0%
 Croatia (2011 census)[114][115] 0%
 Tajikistan (2010 census)[116] 0%
 South Ossetia (1989 census)[109] 0%
Notes
^a According to the Turkish 1965 census, 2,219,502 people indicated Kurdish as their mother language and 429,168 as their second best language spoken. 150,644 people indicated Zaza as their mother language and 20,413 as their second best language spoken.[117]
^b Official Azerbaijani records claim only 6,073 Kurds in 2009,[61] while Kurdish leaders estimate as much as 200,000. The problem is that the historical record of the Kurds in Azerbaijan is filled with lacunae.[118]For instance, in 1979 there was according to the census no Kurds recorded.[119] Not only did Turkey and Azerbaijan pursue an identical policy against the Kurds, they even employed identical techniques like forced assimilation, manipulation of population figures, settlement of non-Kurds in areas predominantly Kurdish, suppression of publications and abolition of Kurdish as a medium of instruction in schools.[119]
^c In the 2010 Russian Census, 23,232 people indicated Kurdish (Курды) as their ethnicity, while 40,586 chose Yazidi (Езиды) as their ethnicity.[120]
^d In the 2011 Armenian Census, 2,131 people indicated Kurdish (Քրդեր) as their ethnicity, while 35,272 indicated Yazidi (Եզդիներ) as their ethnicity.[27]
^e 2006 Konda survey.[121]
http://en.wikipedia.org/wiki/Kurdish_population
Kurds
The Kurdish people, or Kurds (Kurdishکورد, Kurd), are an ethnic group in Western Asia, mostly inhabiting a region known as Kurdistan, which includes adjacent parts of IranIraqSyria, and Turkey.They are an Iranian people and speak the Kurdish languages, which are members of the Iranian branch of Indo-European languages.[31] The Kurds number about 30 million, the majority living in West Asia, with significant Kurdish diaspora communities in the cities of western Turkey, in Armenia, Georgia, Israel, Azerbaijan, Russia, Lebanon and, in recent decades, some European countries and the United States.

The Kurds have had partial autonomy in Iraqi Kurdistan since 1991. Nationalist movements in the other Kurdish-populated countries (TurkeySyriaIran) push for Kurdish regional autonomy or the creation of a sovereign state.

 

 

Etymology

The exact origins of the name “Kurd” are unclear.[32] Though it is believed that the term precedes the formation of the ethnic group by centuries or even millennia.

G.S. Reynolds believes that the term Kurd is most likely related to the ancient term Qardu. The common root of Kurd and Qardu is first mentioned in a Sumeriantablet from the third millennium BC as the “land of Kar-da.”[33] Similarly, Hennerbichler believes the term Kurd and similar ethnic labels to have been derived from the Sumerian word stem “kur”, meaning mountain.[34]

The term Qardu however, appears in Assyrian sources, where it refers to the contemporary Mount Judi, and which derived its name from the people inhabiting the region, the Carduchi,[35] mentioned by Xenophon as the tribe who opposed the retreat of the Ten Thousand through the mountains north of Mesopotamia in the 4th century BC. However, according to G. Asatrian, the most reasonable explanation of the ethnonym is its possible connections with the Cyrtii (Cyrtaei).[36]

The word Kurd was first written in sources in the form of Kurt(kwrt-) in the Middle Persian treatise (Karnamak Ardashir Papakan and the Matadakan i Hazar Dastan), used to describe a social group or tribes that existed before the development of the modern ethnic nation.[37] The term was adopted by Arabic writers of the early Islamic era and gradually became associated with an amalgamation of Iranian and Iranicized nomadic tribes and groups in the region[38][39][40] Sherefxan Bidlisi states that there are four division of Kurds: KurmanjLurKalhor and Guran, each of which speak a different dialect or language variation. Of these, according to Ludwig Paul, only Kurmanji and possibly the Kalhuri correspond to the Kurdish language, while Luri and Gurani are linguistically distinct. Nonetheless, Ludwig writes that linguistics does not provide a definition for when a language becomes a dialect, and thus, non-linguistic factors contribute to the ethnic unity of some of the said groups, namely the Kurmanj, Kalhur, and Guran.[41]

Language

Main article: Kurdish languages

Kurdish area in the Middle East(2007)

The Kurdish language (Kurdish: Kurdî or کوردی) refers collectively to the related dialects spoken by the Kurds.[42] It is mainly spoken in those parts of IranIraq,Syria and Turkey which comprise Kurdistan.[43] Kurdish holds official status in Iraq as a national language alongside Arabic, is recognized in Iran as a regional language, and in Armenia as a minority language.

The Kurdish languages belong to the northwestern sub‑group of the Iranian languages, which in turn belongs to the Indo-Iranian branch of the Indo-Europeanfamily.

Most Kurds are either bilingual or multilingual, speaking the language of their respective nation of origin, such as ArabicPersian, and Turkish as a second language alongside their native Kurdish, while those in diaspora communities often speak 3 or more languages. Kurdish Jews and some Kurdish Christians (not be confused with ethnic Assyrians) usually speak Aramaic (for example: Lishana Deni) as their first language. Aramaic is a Semitic language related to Hebrew andArabic rather than Kurdish.[44]

According to Mackenzie, there are few linguistic features that all Kurdish dialects have in common and that are not at the same time found in other Iranian languages.[45]

The Kurdish dialects according to Mackenzie are classified as:[46]

  • Northern group (The Kurmanji dialect group.)
  • Central group (Part of the Sorani dialect group)
  • Southern group (Part of the Sorani dialect group) including Kermanshahi, Ardalani and Laki

The Zaza and Gorani are ethnic Kurds,[citation needed] but the Zaza–Gorani languages are not classified as Kurdish.

Commenting on the differences between the dialects of Kurdish, Kreyenbroek clarifies that in some ways, Kurmanji and Sorani are as different from each other as English and German, giving the example that Kurmanji has grammatical gender and case endings, but Sorani does not, and observing that referring to Sorani and Kurmanji as “dialects” of one language is supported only by “their common origin…and the fact that this usage reflects the sense of ethnic identity and unity of the Kurds.”[47]

Population

Main article: Kurdish population

The number of Kurds living in Southwest Asia is estimated at 26-34 million, with another one or two million living in diaspora. Kurds are the fourth largest ethnicity in Western Asia after the ArabsPersians, and Turks.

Kurds comprise anywhere from 18% to 25% of the population in Turkey,[3][48] 15-20% in Iraq, 9% in Syria,[49][50] 7% in Iran and 1.3% in Armenia. In all of these countries except Iran, Kurds form the second largest ethnic group. Roughly 55% of the world’s Kurds live in Turkey, about 18% each in Iran and Iraq, and a bit over 5% in Syria.[51]

McDowall has estimated that in 1991 the Kurds comprised 19% of the population in Turkey, 23% in Iraq, 10% in Iran, and 8% in Syria. The total number of Kurds in 1991 was in this estimate placed at 22.5 million, with 48% of this number living in Turkey, 18% in Iraq, 24% in Iran, and 4% in Syria.[52]

History

The greatest extent of the Median Empire

Origins

Further information: Gutian peopleMedesCyrtii and Carduchi

The Kurds as an ethnic group appear in the medieval period. The Kurdish people are believed to be of heterogenous origins[53][54] combining a number of earlier tribal or ethnic groups[55] including Median,[54][55][56][57] Lullubi,[58] Guti,[58] Cyrtians,[59] Carduchi.[60] They have also absorbed some elements from Semitic,[55][61][62][63][64]Turkic[65][66][67][68] and Armenian people.[55][69][70][71][72][73] According to J.P. Mallory, the original Gutians precede the arrival of Indo-Iranian peoples (of which the Kurds are one) by some 1500 years.[74] This argument is seconded by F. Hennerbichlers theory which reassigns the ethnic Iranian origin of Kurds (traditionally considered Indo-European) to a people of predominantly unknown ancient Middle Eastern stock, in particular to indigenous Neolithic Northern Fertile Crescent aborigines.[75] This hypothesis is supported by the tentative linguistic identification of Kurds as a people “Iranianized in several waves by militarily organized elites of immigrants from Central Asia”, tentatively ascribing it to carriers of the Y-Dna haplogroup R1a1.[75]

Additionally Minorsky states that there is an “ethno-geographical identification” of present day Kurds as descendent of ancient Medes, an idea based on his “historical, linguistic, and philological” arguments.[76] This was further advanced by I. Gershevitch who provided first “a piece of linguistic confirmation” of Minorsky’s identification and then another “sociolinguistic” argument. Those works of Minorsky were the base of yet another and different approach by Mackenzie. He argued that in contrast to Minorsky (and precisely Gershevitch’s advancement) the evolution of the present day Kurdish language as a Northwestern Iranian language was to “lean more toward Persian” and in turn “marked off from Median”.[76] These disagreements of scholars caused bitter reactions.[76] Dandamaev considers Carduchi (who were from the upper Tigris near the Assyrian and Median borders) less likely than Cyrtians as ancestors of modern Kurds.[77] However according to McDowall, the term Cyrtii was first applied to Seleucid or Parthian mercenary slingers from Zagros, and it is not clear if it denoted a coherent linguistic or ethnic group.[78] Gershevitch and Fisher consider the independent Kardouchoi or Carduchi as the ancestors of the Kurds, or at least the original nucleus of the Iranian-speaking people in what is now Kurdistan.[60]

Legends

Depiction of Noah’s ark landing on the mountain top, from the North French Hebrew Miscellany (13th century