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Jonathan Gruber, PhD (Piled Higher and Deeper) on Healthcare, Obamacare and Lack of Transparency — The American Voters Were Not Stupid And Rejected Democrats Who Supported Obamacare By Voting Them Out of Office — But The Democratic Progressive Elitist Establishment Are Liars and Losers — Stupid Is As Stupid Does — Death Knell of Socialized Medicine — Repeal Obamacare Now! — Videos

Posted on November 11, 2014. Filed under: Blogroll, Politics, Video, Books, Raves, Rants, Economics, Links, People, Life, Investments, Talk Radio, Education, Communications, Law, Computers, Philosophy, Health Care, Wisdom, liberty, Fiscal Policy, government spending, media, history, Demographics, government, Federal Government, College, Wealth, American History, Diasters, Unemployment, Macroeconomics, Tax Policy, Federal Government Budget, Literacy, Writing, Obamacare, Freedom, Welfare, Documentary, Disease | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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The Pronk Pops Show Podcasts

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

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

Story 1: Jonathan Gruber, PhD (Piled Higher and Deeper) on Healthcare, Obamacare and Lack of Transparency — The American Voters  Were Not Stupid And Rejected Democrats Who Supported Obamacare By Voting Them Out of Office — But The Democratic Progressive Elitist Establishment Are Liars and Losers — Stupid Is As Stupid Does — Death Knell of Socialized Medicine — Repeal Obamacare Now! — Videos

Stupid Is As Stupid Does


jonathan_gruber_1

obamacare_architect_jonathan_gruber_open_mic

“This bill was written in a tortured way to make sure CBO did not score the mandate as taxes. If CBO [Congressional Budget Office] scored the mandate as taxes, the bill dies. Okay, so it’s written to do that. In terms of risk rated subsidies, if you had a law which said that healthy people are going to pay in – you made explicit healthy people pay in and sick people get money, it would not have passed… Lack of transparency is a huge political advantage. And basically, call it the stupidity of the American voter or whatever, but basically that was really really critical for the thing to pass….Look, I wish Mark was right that we could make it all transparent, but I’d rather have this law than not.”

~Jonathan Gruber

Jonathan-Gruber

Stupid is as stupid does, Mrs. Blue..

Trey Gowdy on Gruber comments

Megyn Kelly: Democrats Committed Fraud By Not Representing Obamacare as a Tax

Krauthammer rips Jonathan Gruber: “We’re hearing the true voice of liberal arrogance”

GRUBER: “Lack of transparency is a huge political advantage.”

The Worst of Jonathan Gruber

Flashback: Obama: Transparency and the rule of law will be the touchstones of this presidency.

The Changing Touchstone of Transparency

Nets Ignore ObamaCare Architect Crediting Law’s Passage On ‘The Stupidity Of The American Voter’

Megyn Slams ObamaCare Architect Who Declined to Appear on ‘Kelly File’

WHY IS OBAMA NOT IN PRISON FOR STEALING TAXPAYER MONEY?

ObamaCare: Bill’s architect Gruber admits lies, deception necessary because Americans are stupid

President Obama in 2009: Mandate is Not a Tax

obamacare

“If you like your plan, you can keep your plan.” – Barack Obama

obama

Obama-If-You-Like-Your-Health-Care-Plan-You-Can-Keep-It

losing_plan

Jon Stewart on You Can Keep Your Plan. Period.

Jonathan Gruber on MSNBC says he “regrets” calling the American voter stupid

Conversation: “Health Care Reform,” The Comic Book

Gruber Files- Harvard University

HealthCare Reform – Modified Community Rating Part 1 – Federal Marketplace

HealthCare Reform – Modified Community Rating Part 2 – Federal Marketplace

Community Rating – How the Affordable Care Act Impacts Small Business Owners

Forrest Gump TRAILER

Honest Trailers – Forrest Gump

Forrest Gump’s most beautiful quote

Funeral Toll & Peal, Mount Angel Abbey

When a monk passes away during the night, the toll is sounded early the following morning. It is repeated after the funeral Mass, when the monks process down to the cemetery, and ends with a peal of all the bells. These are the last few tolls of the sequence on the largest bell in the Pacific Northwest.

Please pray for the eternal repose of the soul of this monk, that he may enter into everlasting life with Christ.

Martin Luther King – For whom the bell tolls

Hearings floated as Hill Republicans seize on Gruber Obamacare comments

 By Robert Costa and Jose A. DelReal

 

Congressional Republicans seized Wednesday on controversial commentsmade by a former health-care consultant to the Obama administration, with one leading House conservative suggesting that hearings could be called in response as part of the GOP effort to dismantle the law in the next Congress and turn public opinion ahead of the 2016 election.

“We may want to have hearings on this,” said Rep. Jim Jordan (R-Ohio), an influential voice among GOP hardliners and a member of the House Oversight and Government Reform Committee, in an interview at the Capitol. “We shouldn’t be surprised they were misleading us.”

The firestorm began when a video emerged showing Jonathan Gruber, a high-profile architect of the Affordable Care Act and one of its fiercest advocates, suggesting that the health reform law passed through Congress because of the “stupidity of the American voter” and a “lack of transparency” over its funding mechanisms. The remarks were originally made in 2013 during a panel discussion at the University of Pennsylvania but began heavy circulation on social media Monday.

“This bill was written in a tortured way to make sure CBO did not score the mandate as taxes,” Gruber said. “Lack of transparency is a huge political advantage. And basically, call it the ‘stupidity of the American voter’ or whatever, but basically that was really, really critical to getting the thing to pass.”

Gruber apologized for his incendiary remarks in an on-air interview with MSNBC Tuesday afternoon, calling his comments inappropriate and saying he was speaking “off the cuff.” On Tuesday evening, Fox News’ Megyn Kelly aired a second video, of Gruber calling voters stupid, also from 2013.

The controversy has lit a fire under conservatives eager to dismantle the law and has raised eyebrows among the law’s defenders, who are concerned that such comments will further damage the law’s already shaky standing with American voters. It also comes after a sweeping electoral victory for Republicans last Tuesday, who won control of the Senate and bolstered the size of their majority in the House.

Jordan said House Republicans have been sending each other a blizzard of e-mails and text messages this week, and he expects the interest in “bringing [Gruber] up here to talk” will gain traction as members return to Washington. House Republicans will gather Thursday evening for their first series of votes since the election.

“I just had a colleague text me saying, ‘We’ve got to look into this!” Jordan said as he glanced at his phone outside the House floor Wednesday morning.

The chatter among lawmakers echoes the outrage among the conservative grassroots over the comments. Sen. Ted Cruz in a speech last week said targeting ACA must remain the party’s top priority. “Now is the time to go after and do everything humanely possible to repeal Obamacare,” he said.

House GOP leadership aides expressed new optimism that their desire to target the ACA could get some momentum. While rhetorically committed to full repeal, in order to keep the party’s right flank on board, the party is looking more seriously at undermining specific parts of the law as it navigates divided government next year. Those moves could include repealing the medical device tax; watering down a requirement that employers offer full time workers coverage, which takes effect in January; and changing the definition of a full-time worker from someone who works at least 30 hours a week to someone who works at least 40 — all proposals which could win some Democratic support.

On the other side of the Capitol, Sen. Jeff Sessions (R-Ala.), who is slated to become chairman of the powerful Senate budget committee, also threw his support behind possible hearings. In a furious gaggle with reporters, Sessions said Gruber’s comments could make dealings with the White House more difficult, days after Republican leaders said they would seek areas of common ground.

“The strategy was to hide the truth from the American people,” Sessions said. “I’m not into this post-modern world where you can say whatever you want to in order to achieve your agenda. That is a threat to the American republic… This is far deeper and more significant than the fact that he just spoke.”

Other Senate Republicans expressed similar discomfort with Gruber, but warned conservatives to not get their hopes up about repealing the health-care law while President Obama remains in office, underscoring the tonal difference between the more rabble-rousing House GOP and the new and more even-tempered Republican Senate majority.

Heading into a party luncheon on Wednesday, retiring Sen. Tom Coburn (R-Okla.) said the health care law “is going to still be there regardless because we don’t have the votes” to undo it.

“We can talk all we want but he is going to veto whatever we send him,” Coburn said. “That’s the reality.”

Sen. Ron Johnson (R-Wis.) said he was unsure of how Senate Republicans would use the Gruber kerfuffle to go after the law, if at all. For the moment, he said, Republicans should focus on using the episode to highlight how the national press has covered the president’s signature policy.

“What Gruber said should be read and reported on by every news organization,” he said. “People should be aware of how this administration thinks.”

Several Democrats said Wednesday that they were unaware of Gruber’s comments and declined to speculate on whether there could be political consequences, underscoring how much of the discussion is being driven by Republicans. One, however, did distance herself from the arguably aloof phrasing used by Gruber. “I have not seen them,” said Sen. Patty Murrary (D-Wash). “But I do think voters are pretty smart.”

The challenge for Republicans will be balancing the conservative ire surrounding Gruber with the leaders’ political imperative to establish themselves as a governing congressional majority. House Speaker John Boehner (R-Ohio) and incoming Senate Majority Leader McConnell (R-Ky.) have pledged to bring another repeal bill to floor, but are also focused on achieving incremental legislative gains on Keystone XL and trade agreements.

http://www.washingtonpost.com/blogs/post-politics/wp/2014/11/12/hearings-floated-as-hill-republicans-seize-on-gruber-obamacare-comments/

 

 

Jon Gruber finally speaks! … to MSNBC

POSTED AT 6:01 PM ON NOVEMBER 11, 2014 BY NOAH ROTHMAN

On Saturday, Newsbusters was the first major website to feature a video posted to YouTube by AmericanCommitment of Obamacare architect Jonathan Gruber boasting in 2013 how he helped deceive the public via a lack of transparency about that bill. Some readers were anxious about that video being made better known to the public since at the time the article was published, there were only a couple of dozen views of the video on YouTube.

Well they needn’t have worried because since then the video has gone over the top viral to the extent that Rush Limbaugh led his show talking about it at length this morning as did Sean Hannity on his radio show. In addition, the video made it into the mainstream media other than Fox News when Jake Tapper showed the video today on The Lead and The Hill has an article about it as well. As of this writing the video has over 177,000 views and growing fast. Reason today had an excellent analysis of the Gruber revelations:

Massachusetts Institute of Technology Professor Jonathan Gruber was, by most accounts, one of the key figures in constructing the Affordable Care Act, better known as Obamacare. He helped designed the Massachusetts health care law on which it was modeled, assisted the White House in laying out the foundation of the law, and, according to The New York Times, was eventually sent to Capitol Hill “to help Congressional staff members draft the specifics of the legislation.” He provided the media with a stream of supportive quotes, and was paid almost $400,000 for his consulting work.

Jonathan Gruber, in other words, knows exactly what it took to get the health care law passed.

And that’s why you should take him seriously when he says, in the following video, that it was critical to not be transparent about the law’s costs and true effects, and to take advantage of the “stupidity of the American voter” in order to get it passed:

Here’s the full quote:

“This bill was written in a tortured way to make sure CBO did not score the mandate as taxes. If CBO [Congressional Budget Office] scored the mandate as taxes, the bill dies. Okay, so it’s written to do that. In terms of risk rated subsidies, if you had a law which said that healthy people are going to pay in – you made explicit healthy people pay in and sick people get money, it would not have passed… Lack of transparency is a huge political advantage. And basically, call it the stupidity of the American voter or whatever, but basically that was really really critical for the thing to pass….Look, I wish Mark was right that we could make it all transparent, but I’d rather have this law than not.”

This validates much of what critics have said about the health care law, and the tactics used to pass it, for years.

For one thing, it is an explicit admission that the law was designed in such a way to avoid a CBO score that would have tanked the bill. Basically, the Democrats who wrote the bill knowingly gamed the CBO process.

It’s also an admission that the law’s authors understood that one of the effects of the bill would be to make healthy people pay for the sick, but declined to say this for fear that it would kill the bill’s chances. In other words, the law’s supporters believed the public would not like some of the bill’s consequences, and knowingly attempted to hide those consequences from the public.

Most importantly, however, it is an admission that Gruber thinks it’s acceptable to deceive people if he believes that’s the only way to achieve his policy preference. That’s not exactly surprising, given that he failed to disclose payments from the administration to consult on Obamacare even while providing the media with supposedly independent assessments of the law.

…Gruber may believe that American voters are stupid, but he was the one who was dumb enough to say all this on camera.

Now that various MSM outlets have begun to pay attention to the Gruber Obamacare deception video, it will be fascinating to see what type of excuses will be made by the pundits to cover for what he admitted. Bonus points to Jonathan Cohn at New Republic or Politico or any of a vast number of liberal sources for whoever can dream up the most entertaining spin control to explain away this viral video.

p.s. Did I mention that Newsbusters was the first major website to feature this video?

- See more at: http://newsbusters.org/blogs/pj-gladnick/2014/11/10/jonathan-gruber-obamacare-deception-video-goes-viral-newsbusters-was#sthash.OIUxVcFC.dpuf

http://hotair.com/archives/2014/11/11/jon-gruber-finally-speaks-to-msnbc/

Jonathan Gruber at Noblis – January 18, 2012

Honors Colloquium 2012 – Jonathan Gruber

Dr. Jonathan Gruber is a Professor of Economics at the Massachusetts Institute of Technology, where he has taught since 1992. He is also the Director of the Health Care Program at the National Bureau of Economic Research, where he is a Research Associate. He is an Associate Editor of both the Journal of Public Economics and the Journal of Health Economics. In 2009 he was elected to the Executive Committee of the American Economic Association. He is also a member of the Institute of Medicine, the American Academy of Arts and Sciences, and the National Academy of Social Insurance.

Dr. Gruber received his B.S. in Economics from MIT, and his Ph.D. in Economics from Harvard University. Dr. Gruber’s research focuses on the areas of public finance and health economics. He has published more than 140 research articles, has edited six research volumes, and is the author of Public Finance and Public Policy, a leading undergraduate text, and Health Care Reform, a graphic novel. In 2006 he received the American Society of Health Economists Inaugural Medal for the best health economist in the nation aged 40 and under. During the 1997-1998 academic year, Dr. Gruber was on leave as Deputy Assistant Secretary for Economic Policy at the Treasury Department. From 2003-2006 he was a key architect of Massachusetts’ ambitious health reform effort, and in 2006 became an inaugural member of the Health Connector Board, the main implementing body for that effort. In that year, he was named the 19th most powerful person in health care in the United States by Modern Healthcare Magazine.

2012-01-09 Jonathan Gruber on Mitt Romney and Health Care Reform

Jonathan Gruber Once Again Says Subsidies Are Tied to State-Based Exchanges

Jonathan Gruber discusses health care law’s next step

Healthcare Reform 101 Part 1.

Healthcare Reform 101 Part 2.

Healthcare Reform 101 Part 3.

Jonathan Gruber on Obamacare: Part 1 of 3

Jonathan Gruber on Obamacare: Part 2 of 3

Crafting ObamaCare

Obamacare Architect: No State Exchange = No Subsidies; Blatant Enough

#GruberGate: Tale of the Tapes

Rush Limbaugh – MIT Gruber Lied about Obamacare

Rush Limbaugh: Jonathan Gruber says you are Life’s Lottery Winners – Eugenics

Gwen and Jonathan Gruber Talk Health Care with Chris Matthews

Obama 2008: Bypassing Congress Unconstitutional; I’ll Reverse It

Jon Gruber: The Dismal Science

 

Meet Jonathan Gruber, the man who’s willing to say what everyone else is only thinking about Obamacare

By Jason Millman

Jonathan Gruber might not be a household name, but in the world of health care policy, he’s a pretty big deal. And now he’s also known as the guy who’s credited “the stupidity of the American voter” for the passage of the Affordable Care Act.

An old video surfaced this week of Gruber saying that a lack of transparency was one of the reasons Obamacare got through Congress in 2010. Gruber, a Massachusetts Institute of Technology health economist who’s credited as one of the intellectual godfathers of the Affordable Care Act, has apologized for speaking off the cuff, but critics of the law are eagerly highlighting his comments.

That’s because of what Gruber represents. He was one of the architects of the 2006 Massachusetts health care law, which became the basis for the ACA, and he helped craft the federal legislation that used a similar scheme of guaranteed coverage, financial assistance and insurance mandates. He was far from the only person who helped shape the ACA, but he has been one of its most vocal academic defenders in the nearly five years since it passed. (And he’s the only one to write a comic book about the law.)

It’s easy to see why Gruber’s comments get pored over by ACA opponents. There’s plenty of misunderstanding about what’s in the ACA and mistrust of the motivations for passing the law — just recall Nancy Pelosi’s infamous line about needing to pass the bill to find out what’s in it. So when someone like Gruber, who’s supposed to know the law inside and out, seemingly confirms critics’ worst suspicions, that makes for a powerful anecdote.

Gruber, who’s fiercely intelligent and passionate about the health reforms he helped create, also isn’t one to always sugarcoat things.

Earlier this year, a pretty important health policy study showed that the expansion of Medicaid coverage in Oregon was associated with a spike in emergency room visits. The research potentially undercut an argument by supporters of the law who said it would save money since giving more people health insurance meant patients would rely more on primary care providers, rather than expensive trips to the ER. And Gruber, commenting on the study, offered an uncomfortable truth.

“I would view [the study] as part of a broader set of evidence that covering people with health insurance doesn’t save money,” Gruber told the Washington Post at the time. “That was sometimes a misleading motivator for the Affordable Care Act. The law isn’t designed to save money. It’s designed to improve health, and that’s going to cost money.”

You may also remember Gruber from the last presidential campaign, when there was plenty of debate over just how similar Obamacare and Romneycare actually were to one another. It was Gruber who artfully cleared up the confusion. “They’re the same f—— bill,” he told Capital New York in what became a widely circulated interview three years ago. It’s probably what ACA supporters wanted to say all along, but only Gruber went ahead and did it.

His most potentially damaging comments surfaced just over the summer, when Gruber seemingly gave credence to the ACA challenge just taken up by the Supreme Court last week — a challenge that if successful couldtorpedo the law.

The case revolves around whether residents in states that refused to set up their own health insurance marketplaces should still be able to claim tax subsidies to help them afford their insurance. Opponents say no, Congress intentionally didn’t allow that under the law. Democrats say they never intended for people in these 36 states to not have access to the financial assistance.

Here was Gruber again, in January 2012, telling a health-care conference that states refusing to set up their own exchanges would deny their residents premium tax credits. The video wasn’t widely viewed until June of this year, but this is what he said at the time:

I think what’s important to remember politically about this, is if you’re a state and you don’t set up an exchange, that means your citizens don’t get their tax credits. But your citizens still pay the taxes that support this bill. So you’re essentially saying to your citizens, you’re going to pay all the taxes to help all the other states in the country. I hope that’s a blatant enough political reality that states will get their act together and realize there are billions of dollars at stake here in setting up these Exchanges, and that they’ll do it. But you know, once again, the politics can get ugly around this.

Here’s the video, with these comments near the 31:30 mark:

 

Critics of the law jumped on those comments as further validation of their challenge to the subsidies in the 36 states relying on the federal-run insurance marketplaces, or exchanges. Gruber later said that he misspoke, and that his own work always assumed all exchanges — whether run by the states or the federal government — would be eligible for subsidies.

Gruber’s latest comments have surfaced at an especially inopportune time for the Obama administration. The next enrollment period is approaching this weekend with lowered expectations, just as Republicans reclaimed the Senate and the Supreme Court agreed to hear a new Obamacare challengethat could seriously weaken the law.

The Democrats, realizing how harmful Gruber’s latest comments have become, are already out doing damage control. Former Vermont Gov. Howard Dean was on MSNBC’s “Morning Joe” today to put distance between Gruber and the health-care law, saying he’s not even sure that Gruber ever met with President Obama.

“He’s a consultant, not the architect [of Obamacare,” Dean said. “I’m not excusing the language — it’s terrible.”

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/12/meet-jonathan-gruber-the-man-whos-willing-to-say-what-everyone-else-is-only-thinking-about-obamacare/

Jonathan Gruber (economist)

From Wikipedia, the free encyclopedia
For other people of the same name, see Jonathan Gruber (disambiguation).
Jonathan Gruber
Born September 30, 1965 (age 49)
Nationality American
Institution MIT
Field Health economics
Alma mater Harvard University (PhD, 1992)
MIT (BSc, 1987)
Information at IDEAS/RePEc

Jonathan Holmes Gruber is a professor of economics at the Massachusetts Institute of Technology, where he has taught since 1992. He is also the director of the Health Care Program at the National Bureau of Economic Research, where he is a research associate. He is an associate editor of both the Journal of Public Economics and the Journal of Health Economics.

Gruber has been heavily involved in crafting public health policy. He was a key architect of both the 2006 Massachusetts health care reform, sometimes referred to as “Romneycare”, and the 2010 Patient Protection and Affordable Care Act, sometimes referred to as “Obamacare”.

Contents

  • Early life

    Gruber was born on September 30, 1965. He completed his BS in economics from the Massachusetts Institute of Technology in 1987 and his PhD in economics from Harvard University in 1992, with a thesis titled Changes in the Structure of Employer-Provided Health Insurance.[1]

    Academic career

    Gruber began his career as an assistant professor of economics at MIT.[2] Currently, [clarification needed] he is a professor of economics at MIT. He is also a research associate at the National Bureau of Economic Research.[2]

    Gruber’s research has focused on public finance and health economics. He has published more than 140 research articles, and has edited six research volumes. He is a co-editor of the Journal of Public Economics, an associate editor of the Journal of Health Economics, and the author of Public Finance and Public Policy.[3] and Health Care Reform, a graphic novel delineating the Affordable Care Act.[citation needed]

    Public service

    During the 1997–1998 academic year, Gruber was on leave as Deputy Assistant Secretary for Economic Policy at the Treasury Department. From 2003–06 he was a key architect of Massachusetts health care reform, also known as “Romneycare”. In 2006 he became an inaugural member of the Health Connector Board, the main implementing body for that effort. In that year, he was named the 19th most powerful person in health care in the United States by Modern Healthcare magazine. During the 2008 election he was a consultant to the Clinton, Edwards and Obama presidential campaigns.

    Patient Protection and Affordable Care Act

    In 2009–10 Gruber served as a technical consultant to the Obama Administration and worked with both the administration and Congress to help craft the Patient Protection and Affordable Care Act, often referred to as the ACA or “Obamacare”.[4] The act was signed into law in March 2010, and Gruber has been described as an “architect”, “writer”, and “consultant” of the legislation. He was widely interviewed and quoted during the roll-out of the legislation. [5][6][7][8][9]

    In January 2010, after news emerged that Gruber was under a $297,000 contract with the Department of Health and Human Services, while at the same time promoting the Obama administration‘s health care reform policies, some conservative commentators suggested a conflict of interest.[10][11][12] While he did disclose his HHS connections in an article for the New England Journal of Medicine, his oversight in doing this earlier was defended in the New York Times .[13]

    One heavily-scrutinized part of the ACA reads that subsidies should be given to healthcare recipients who are enrolled “through an Exchange established by the State”. Some have read this to mean that subsidies can be given only in states that have chosen to create their own healthcare exchanges, and do not use the federal exchange, while the Obama administration says that the wording applies to all states. This dispute is currently part of an ongoing series of lawsuits referred to collectively as King v. Burwell. In July 2014, two separate recordings of Gruber, both from January 2012, surfaced in which he seemed to contradict the administration’s position.[4] In one, Gruber states, in response to an audience question, that “if you’re a state and you don’t set up an exchange, that means your citizens don’t get their tax credits”,[14] while in the other he says, “if your governor doesn’t set up an exchange, you’re losing hundreds of millions of dollars of tax credits to be delivered to your citizens.”[15] When these recordings emerged, Gruber called these statements mistaken, describing them as “just a speak-o — you know, like a typo”.[14]

    In a panel discussion about the ACA at the University of Pennsylvania in October 2013, Gruber stated that the bill was deliberately written “in a tortured way” to disguise the fact that it created a system in which “healthy people pay in and sick people get money”. He stated that this obfuscation was necessary, due to “the stupidity of the American voter or whatever”, in order to get the bill passed and that a “lack of transparency is a huge political advantage.”[16] His comments caused controversy after a video of them was placed on YouTubein November 2014.[17][18][19][20]

    Published works

    • On February 15, 2006, the Center on Budget and Policy Priorities published an article by Gruber entitled “The Cost and Coverage Impact of the President’s Health Insurance Budget Proposals”[21]
    • In a December 4, 2008 New York Times op-ed, “Medicine for the Job Market”, he claimed that expanding health insurance, even in difficult financial times would stimulate the economy.[22]
    • On February 9, 2011, the Center for American Progress published an article by Gruber titled “Health Care Reform Without the Individual Mandate,” analyzing the health insurance coverage impacts of alternative policy options for encouraging purchase of health insurance under the Patient Protection and Affordable Care Act, including the mandate, a late penalty, and auto-enrollment.[23]

    He has published over 100 research articles.[24]

    Awards and honors

    In 2006, Gruber received the American Society of Health Economists Inaugural Medal for the best health economist in the nation aged 40 and under.[25] He was elected a member of the Institute of Medicine in 2005.[26] In 2009 he was elected to the Executive Committee of the American Economic Association.

    In 2011 he was named “One of the Top 25 Most Innovative and Practical Thinkers of Our Time” by Slate Magazine. In both 2006 and 2012 he was rated as one of the top 100 most powerful people in health care in the United States by Modern Healthcare Magazine.

    References

    1. Jump up^ Gruber, John. “Changes in the structure of employer-provided health insurance”. ProQuest. Retrieved 9 January 2014.
    2. ^ Jump up to:a b http://economics.mit.edu/files/6400. Retrieved 25 July 2014. Missing or empty |title= (help)
    3. Jump up^ Worth Publishers Student Center for Public Finance and Policy
    4. ^ Jump up to:a b Cannon, Michael. “ObamaCare Architect Jonathan Gruber: “If You’re A State And You Don’t Set Up An Exchange, That Means Your Citizens Don’t Get Their Tax Credits””. Forbes. Retrieved 25 July 2014.
    5. Jump up^ http://www.washingtonpost.com/blogs/wonkblog/post/jon-gruber-on-the-premiums-in-health-care-reform/2011/08/25/gIQAN0TUWS_blog.html
    6. Jump up^ http://www.nytimes.com/2012/03/29/business/jonathan-gruber-health-cares-mr-mandate.html?pagewanted=all
    7. Jump up^http://online.wsj.com/news/articles/SB10001424052748704586504574654362679868966
    8. Jump up^ http://abcnews.go.com/blogs/politics/2010/01/on-jonathan-gruber-and-disclosure/
    9. Jump up^ http://www.huffingtonpost.com/jane-hamsher/how-the-white-house-used_b_421549.html
    10. Jump up^ James, Michael (January 9, 2010). “On Jonathan Gruber and Disclosure”. ABC News. Retrieved November 15, 2013.
    11. Jump up^ “Jonathan Gruber Failed to Disclose His $297,600 Contract With HHS”. Huffington Post. May 25, 2011. Retrieved November 15, 2013.
    12. Jump up^ Berger, Judson (January 8, 2010). “Economist Was Under Contract With HHS While Touting Health Reform Bill”. Fox News. Retrieved November 15, 2013.
    13. Jump up^ “Jonathan Gruber”. New York Times. January 11, 2010. Retrieved September 3, 2014.
    14. ^ Jump up to:a b Cohn, Jonathan (July 25, 2014). “Jonathan Gruber: ‘It Was Just a Mistake'”. The New Republic.
    15. Jump up^ Oops!…Gruber Did It Again, Forbes, July 25, 2014
    16. Jump up^ “GRUBER: “Lack of transparency is a huge political advantage.””. American Commitment. October 13, 2013. Retrieved November 10, 2014.
    17. Jump up^ Roy, Avik (November 10, 2014). “ACA Architect: ‘The Stupidity Of The American Voter’ Led Us To Hide Obamacare’s True Costs From The Public”. Forbes.
    18. Jump up^ http://www.washingtonpost.com/blogs/post-politics/wp/2014/11/11/obamacare-consultant-under-fire-for-stupidity-of-the-american-voter-comment/
    19. Jump up^ http://nation.foxnews.com/2014/11/10/obamacare-architect-admits-deceiving-americans-pass-law
    20. Jump up^http://www.washingtontimes.com/news/2014/nov/10/obamacare-architect-we-passed-law-due-to-stupidity/
    21. Jump up^ The Cost and Coverage Impact of The President’s Health Insurance Budget Proposals, February 15, 2006]
    22. Jump up^ Gruber, Jonathan (December 4, 2008), Medicine for the Job Market, New York Times
    23. Jump up^ Gruber, Jonathan (February 9, 2011), Health Care Reform Without the Individual Mandate
    24. Jump up^ NBER Working Papers by Jonathan Gruber
    25. Jump up^ Honors & awards – Fall 2006 Soundings
    26. Jump up^ National Academy of Social Insurance

    External links

    http://en.wikipedia.org/wiki/Jonathan_Gruber_(economist)

    The Pronk Pops Show Podcasts Portfolio

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    Read Full Post | Make a Comment ( None so far )

    When Will Independents and The Tea Party Movement Form The Independence Party? — When Independents Are 50% of The Voters — 2026 or Sooner — The Second American Revolution of The American People — The Overthrow of The Warfare and Welfare State of The Collectivist Democratic and Republican Parties — Videos

    Posted on November 4, 2014. Filed under: American History, Banking, Blogroll, British History, College, Communications, Demographics, Documentary, Economics, Education, European History, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, history, Illegal, Immigration, Investments, IRS, Law, Legal, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Photos, Politics, Rants, Raves, Regulations, Strategy, Talk Radio, Taxes, Unemployment, Video, War, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , |

    Project_1

    The Pronk Pops Show Podcasts

    Pronk Pops Show 363: November 4, 2014

    Pronk Pops Show 362: November 3, 2014

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    Pronk Pops Show 360: October 30, 2014

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    Pronk Pops Show 352: October 20, 2014

    Pronk Pops Show 351: October 17, 2014

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    Pronk Pops Show 349: October 15, 2014

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    Pronk Pops Show 347: October 13, 2014

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    Pronk Pops Show 340: September 30, 2014

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    Pronk Pops Show 317: August 22, 2014

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    Pronk Pops Show 309: August 6, 2014

    Pronk Pops Show 308: August 4, 2014

    Pronk Pops Show 307: August 1, 2014

    Story 1: When Will Independents and The Tea Party Movement Form The Independence Party? — When Independents Are 50% of The Voters — 2026 or Sooner — The Second American Revolution of The American People — The Overthrow of The Warfare and Welfare State of The Collectivist Democratic and Republican Parties — Videos

    SPOiLER: How a Third Political Party Could Win

    Under the watch of the Democrats and Republicans the nation has amassed unprecedented debt, waged perpetual undeclared wars for profit, destroyed the middle class and become so politically correct, Karl Marx would be proud.

    A James Jaeger Film featuring Author/Political Analyst PAT BUCHANAN; President John Birch Society JOHN McMANUS; Author/Theologian PETER LILLBACK; Author/Producer G. EDWARD GRIFFIN; Radio Host-Pastor CHUCK BALDWIN; Political Strategist NELSON HULTBERG; Author/Constitutional Attorney EDWIN VIEIRA, JR., and Economist-Statistician JOHN WILLIAMS with guest appearances by JACK ROONEY, Senatorial Candidate and RON PAUL, Congressman/Presidential Candidate.

    SPOILER explores the political, economic and philosophic ethos of the past 98 years for insights into the debt-driven, welfare-warfare state and ways Americans can get back to a Constitutional republic. Analyzing the reasons no third party has been successful since John C. Fremont and Abraham Lincoln ran on the new Republican Party around 1860, SPOiLER offers a platform — based on the political strategies of Nelson Hultberg — that could inspire an existing, or new, third party to win, thus putting an end to the DemoPublican monopoly.

    Produced by Matrixx Productions in association with the Foundation for the Advancement of Free-market Thinking – Produced by EDWIN VIEIRA – HENRIETTA M. JAEGER, Executive Producer ANTHONY WILE, Associate Producers DIANA ZOPPA – DAN HAPPEL – ELIAS ALIAS . Written & Directed by JAMES JAEGER

    TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

    G. Edward Griffin – The Collectivist Conspiracy

    Milton Friedman on Classical Liberalism

    What Does It Mean to Be Libertarian? | Learn Liberty

    Why Should Conservatives Like Libertarian Ideas? | Learn Liberty

    The History of Classical Liberalism

     

    The Decline and Triumph of Classical Liberalism (Pt. 1) | Learn Liberty

    The Decline and Triumph of Classical Liberalism (Pt. 2) | Learn Liberty

     

    What is Classical Liberalism? | Learn Liberty

    Dr. Nigel Ashford explains the 10 core principles of the classical liberal & libertarian view of society and the proper role of government:

    1) Liberty as the primary political value
    2) Individualism
    3) Skepticism about power
    4) Rule of Law
    5) Civil Society
    6) Spontaneous Order
    7) Free Markets
    8) Toleration
    9) Peace
    10) Limited Government

    Schools of Thought in Classical Liberalism, Part 2: Milton Friedman and the Chicago School

    Schools of Thought in Classical Liberalism, Part 3: Public Choice

    Schools of Thought in Classical Liberalism, Part 4: The Austrian School

    Schools of Thought in Classical Liberalism, Part 5: Natural Rights

    Schools of Thought in Classical Liberalism, Part 6: Anarcho-Capitalism

    Schools of Thought in Classical Liberalism, Part 7: Conclusion: What’s Your View?

    Libertarianism: An Introduction

    Free Market Revolution by Yaron Brook

    The Meaning of Independence Day – Ayn Rand Center for Individual Rights

    The Pronk Pops Show Podcasts Portfolio

    Listen To Pronk Pops Podcast or Download Show 360-363

    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

    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

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    Listen To Pronk Pops Podcast or Download Show 112

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    Listen To Pronk Pops Podcast or Download Shows 104-105

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    Listen To Pronk Pops Podcast or Download Shows 79-83

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    Listen To Pronk Pops Podcast or Download Shows 68-70

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    Listen To Pronk Pops Podcast or Download Shows 49-51

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    Read Full Post | Make a Comment ( None so far )

    The Coming Wipe Out Election of 2014 Drowns Democrats in Defeat and Obama’s Failed Presidency — Republicans Will Control Senate With 56 Senators and House With 250 Representatives — Jobs –Obamacare–Budgets — Scandals (JOBS) Were The Issues — Big Losers: The Washington Political Elitist Establishment (PEEs) and Mainstream Media — Real Winners: Independents and Tea Party Patriots — Balance The Budget and Enforce Immigration Law and Deport The 30-50 Illegal Aliens Now Or You Are Next! — Videos

    Posted on November 4, 2014. Filed under: Blogroll, Politics, Video, Raves, Resources, Rants, Economics, Links, War, Immigration, Religion, People, Life, Investments, Talk Radio, Employment, Security, Strategy, Communications, Law, Philosophy, Wisdom, liberty, Fiscal Policy, government spending, media, Psychology, history, Demographics, government, Federal Government, Business, Wealth, Unions, Public Sector, American History, Inflation, Unemployment, Federal Government Budget, Radio, Catholic Church, Literacy, Constitution, Press, Legal, Illegal, Faith, Family, Federal Communications Commission, National Security Agency (NSA_, Welfare, Crisis | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

    Project_1

    The Pronk Pops Show Podcasts

    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

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    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

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    Pronk Pops Show 327: September 11, 2014

    Pronk Pops Show 326: September 10, 2014

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    Pronk Pops Show 324: September 8, 2014

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    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

    Story 1: The Coming Wipe Out Election of 2014 Drowns Democrats in Defeat and Obama’s Failed Presidency — Republicans Will Control Senate With 56 Senators and House With 250 Representatives — Jobs –Obamacare–Budgets — Scandals (JOBS) Were The Issues — Big Losers: The Washington Political Elitist Establishment (PEEs) and Mainstream Media — Real Winners: Independents and Tea Party Patriots — Balance The Budget and Enforce Immigration Law and Deport The 30-50 Illegal Aliens Now Or You Are Next! — Videos

    Independent-voters

    Combined--Control_of_the_U.S._House_of_Representatives_-_Control_of_the_U.S._Senate

    Party Affiliation

    Party affiliation in U.S. plus leaners

    Trend: In politics, as of today, do you consider yourself a Republican, a Democrat, or an independent? (Asked of independents:) As of today, do you lean more to the Democratic Party or the Republican Party?

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

    The Ventures Live: Wipe Out

    • Glenn Beck Discusses 2014 Midterm Elections • Hannity • 10/28/14

    Will Republicans win control the Senate?

    Scathing Immigration Report – Illegal Immigration Laura Ingraham Weighs In – O’Reilly

    Officials say suspect in killings of California deputies was deported twice

    Mexican Man Who was Deported Twice Kills 2 Cops and 1 Civilian in California.

    Suspect in Killing of Deputies Was Twice Deported

    Deputy killed, three others hurt in California shooting spree

    Suspect in Sacramento deputy shootings now in custody

    Illegal alien kills two California sheriff deputies

    Confirmed — illegal alien drug dealer cop killer deported twice

    Sheriff’s officials have identified the suspect as Marcelo Marquez, but the U.S. Immigration and Customs Enforcement agency said in a statement Saturday that his name actually is Luis Enrique Monroy-Bracamonte.

    Glenn Beck On Tea Party Vs Republican Party – O’Reilly

    Poll shows independents growing in US

    Poll Record High 42 Percent Americans Identify As Independents

    Most Political Independents Ever In USA

    Reason’s Nick Gillespie on the Rise of the Independent Voter

    Dan Mitchell Discussing the Tipping Point when America Becomes a Failed Welfare State

    5 Facts About Govt Spending: Nick Gillespie at Reason Weekend 2012

    “Politicians are like criminals in Batman comics. They’re a superstitious, cowardly lot. And the minute that they know they’re going to lose elections because they’re spending too much money, they will find their inner cheapskate and start [spending less],” said Reason’s Nick Gillespie during his speech at the Reason Weekend event in Las Vegas. In “5 Unacknowledged, Unexpected, and Unavoidable Facts about Government Spending and the Economy,” Gillespie says politicians such as President Obama and John Boehner are in denial. Influential economists like Paul Krugman and Lawrence Summers correctly diagnose debt as a problem even as they prescribe more debt as the cure. Gillespie argues that: • We’re spending too much. Two wars, entitlement growth, and a massive stimulus are the results of a spending frenzy over the last decade. • We’ve got too much debt. Every level of government is in over their heads. The literal and figurative bankruptcies of cities such as Stockton, California and Harrisburg, Pennsylvania are the canaries in the coal mine. • Debt overhang kills growth. The latest studies are clear: excessive debt, sustained over long periods of time, hurts economic growth. Beyond the cost of higher interest rate payments, increasingly higher debt loads — which Gillespie calls “a ziggurat of doom” — promises to reduce opportunities for everyone. • Spending growth is driven by entitlements. Since the Great Society programs of the 1960s, the government has switched from providing infrastructure and basic services, to being a national insurance broker. The consequences of this are dire because, as statistician Nate Silver notes, “most of us don’t much care for our insurance broker.” • Trust in government is at historic lows. This kind of distrust is an inevitable result of a mismanaged economy. Yet it’s also cause for optimism. Public discontent sow the seeds of reform, allowing the possibility of meaningful fiscal reform. Gillespie’s talk, in which he also sketches solutions to long-term economic malaise, is followed by audience Q&A.

    Eight Reasons Why Big Government Hurts Economic Growth

    Free Markets and Small Government Produce Prosperity

    Want Less Corruption? Shrink the Size of Government

     

    TAKE IT TO THE LIMITS: Milton Friedman on Libertarianism

    This interview was filmed February 10, 1999. What are the elements of the libertarian movement and how does one of its most illustrious proponents, Milton Friedman, apply its tenets to issues facing the United States today? Milton Friedman, Senior Research Fellow, Hoover Institution, Nobel Laureate in Economic Sciences discusses how he balances the libertarians’ desire for a small, less intrusive government with environmental, public safety, food and drug administration, and other issues.

    TAKEOVER: “The Rise Of The Tea Party”

    The Tea Party Continuing the Revolution in American Thought

    Tea Party America (BBC Documentary)

    Yaron Brook at Tea Party Patriots Summit

    Will Hunting had it right 14 years ago

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

    George Carlin – Voting

    Independments Walk Out of

    The Democratic and Republican Parties

    The Ventures – Walk Don’t Run

    Independent and Tea Party Patriot Candidates

     And New Third Party Are In The Pipeline

    The Ventures – PIPELINE

    U.S. Voters Divided on Party Better to Control Congress

    U.S. registered voters do not have a clear preference on whether the country would be better off if Republicans (29%) or Democrats (27%) controlled Congress, with 40% saying it would be the same regardless of which party is in power. In the 2006 Democratic and 2010 Republican “wave” elections, voters had a clear preference for the party that won. Today’s views are most similar to the 2002 elections, which saw more modest change in the party composition of Congress. Trend: Do you think the country would be better off if the Republicans controlled Congress, if the Democrats controlled Congress, or would the country be the same regardless of which party controlled Congress? The 2006 and 2010 elections were contested at a time when one party had control of the presidency and both houses of Congress, and voters were more likely to think the country would benefit from shifting control of Congress away from the majority party than keeping it with that party. In 2002, as now, party control was divided, with the president’s party having control of one house of Congress but not the other. The blurred lines of accountability could explain why voters did not more clearly show a preference for which party controlled Congress in 2002 or this year. But other aspects of Americans’ current mood look more like they did in 2006 and 2010 — and in other years, such as 1982 and 1994, in which there were major shakeups in congressional membership — than in 2002. These include their subpar ratings of the job performance of the president and of Congress, and their low satisfaction with the direction of the country as a whole. Key Election Indicators in Recent Midterm Election Years The president’s party typically loses seats in midterm elections, but those losses tend to be greater when Americans’ approval ratings of the president, and of Congress, are relatively poor, and when Americans are not satisfied with the way things are going in the United States. In years like 1986, 1998 and 2002, when Americans were generally upbeat about the state of the nation, there tended to be less change in the membership of Congress in the midterm elections. Importantly, though these key indicators are still low on an absolute basis, most of the current updates are a bit more positive than what Gallup measured earlier this year. For example, congressional job approval has averaged 14% so far in 2014 and has not been as high as the current 20% since just before the 2012 elections. Also, the current 27% satisfied with the way things are going in the United States exceeds the 2014 average to date of 23%; satisfaction was last at this level in July 2013. President Barack Obama’s job approval rating, 44% in the Oct. 29-Nov. 2 poll, is nominally more positive, but not significantly different from, the 42% he has averaged in Gallup Daily tracking over the past week. Americans’ improving economic confidence may be one reason the current national mood indicators are a bit more positive than they have been. And while the level of improvement is not enough to fundamentally erase the Republicans’ advantage going into Tuesday’s elections, it does suggest the negative climate that has been providing the wind at the GOP’s back may not be quite strong as it was a few months, or even weeks, ago. Implications The national political climate, as measured by several key indicators of Americans’ satisfaction with current conditions in the country and how the nation is being governed, usually gives a strong sense of which way a midterm election will go. And this year, with a Democratic president in office and Americans in a generally negative mood, the fundamentals point to 2014 being a better year for the Republican Party than the Democratic Party. Indeed, the general consensus among political experts is that the Republicans will increase their majority in the House of Representatives and could win control of the Senate. And though the key indicators are about as negative this year as they have been in past wave elections, 2014 may not see the same level of shakeup in Congress as was the case in 2006, 2010 and other years. The key variable working against a 2014 wave may be that divided party control in Washington already exists when it did not in 1994, 2006 and 2010, and thus, frustrated voters this year have no clear way to act on their frustration by changing the party composition of the federal government. With Obama in office for two more years and little chance of Republicans losing their House majority, divided government should still be in place regardless of which party has the Senate majority, and the way the nation is governed over the next two years may not materially change. Survey Methods Results for this Gallup poll are based on telephone interviews conducted Oct. 29-Nov. 2, 2014, with a random sample of 1,832 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 ±3 percentage points at the 95% confidence level. For results based on the total sample of 1,590 registered voters, the margin of sampling error is ±3 percentage points 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.

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    Breaking News Virgin Galactic’s SpaceShipTwo Crashes in Test Flight — One Test Pilot Killed and One Test Pilot Seriously Injured — Are You Going Into Space — You Bet — The X Prize — Videos

    Posted on October 31, 2014. Filed under: American History, Blogroll, British History, Business, College, Economics, Education, Faith, Family, history, Investments, Law, liberty, Life, Links, Literacy, media, People, Philosophy, Photos, Press, Radio, Science, Space, Space Travel, Talk Radio, Transportation, Video, Wealth, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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    Story 1: Breaking News Virgin Galactic’s SpaceShipTwo Crashes in Test Flight — One Test Pilot Killed and One Test Pilot Seriously Injured — Are You Going Into Space — You Bet — The X Prize Vision — Videos

    how-virgin-galactic’s-space-ship-two-passengers-space-plane-works spaceship-2virgin-galactic-spaceshiptwo-seating Virgin-Galactic-VSS-Enterprise-2WhiteKnight2 and SpaceShip2 over the Mojave, Ca area July 15, 2010._46877588_virgin_spaceship1_2Inside-the-Virgin-Space-Shipspaceship2-recordspaceship2-virgin-galactic-supersonic-record-branson-10 Virgin-Galactic-Spaceship-Two-testparachutetotal lossvirgin_spacecrafvirgin-galactic-2injured pilot

    STATEMENT FROM VIRGIN GALACTIC

    .

    Virgin Galactic’s partner Scaled Composites conducted a powered test flight of SpaceShipTwo earlier today. During the test, the vehicle suffered a serious anomaly resulting in the loss of the vehicle. Our first concern is the status of the pilots, which is unknown at this time. We will work closely with the relevant authorities to determine the cause of the accident and provide updates as soon as we are able to do so.

    http://www.virgingalactic.com/news/item/statement-from-virgin-galactic/

    Virgin Galactic

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    Pilot killed in Virgin spaceship crash -VIRGIN GALACTIC SPACESHIPTWO CRASHES, OCT. 31, 2014

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    $500 Million Spaceship Explodes, Crashes in Calif. Desert

     

    Virgin Galactic’s SpaceShipTwo Crashes During Flight Test (VIDEO)

    Virgin Atlantic Spaceship 2 Explodes In Flight and Crashes Virgin Calls it an “Anomaly” happened

    BREAKING NEWS SPACE ROCKET ACCIDENT VIRGIN GALACTIC SPACESHIP TWO TEST MOJAVE CALIFORNIA 10/31/2014

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    Breaking

    Virgin Galactic’s SpaceShipTwo crashes during testing

    Virgin Galactic’s SpaceShipTwo crashed after it had an “in-flight anomaly” during testing Friday, according to a Mojave Air and Space Port spokesperson.

    The status of its pilots is unknown.

    A statement from Virgin Galactic said its partner Scaled Composites conducted the test flight Friday, during which a “serious anomaly” led to the “loss of the vehicle.”

    This was the company’s first rocket-powered test flight in nine months. In January, SpaceShipTwo reached 71,000 feet – its highest altitude so far.
    Virgin Galactic has conducted testing for the spacecraft in the Mojave Desert at Mojave Air and Space Port, about 100 miles northeast of Los Angeles.

    British billionaire Richard Branson’s commercial space venture in May announced an agreement with the Federal Aviation Administration that helped clear the path to send paying customers on a suborbital flight.

     

    The agreement sets the parameters for how routine missions to space will take place in national airspace. It does not yet give the company a license to launch these missions.

    The company’s plans have been repeatedly delayed. Branson said earlier this month at a celebration in Mojave that it was “on the verge” of going to space, but he did not give a timeframe.

    http://www.latimes.com/business/la-fi-virgin-galactics-spaceship-anomaly-testing-20141031-story.html

    Virgin Galactic’s SpaceShipTwo Crashes: 1 Dead, 1 Injured

    Virgin Galactic’s SpaceShipTwo rocket plane exploded and crashed during a powered test flight on Friday, resulting in one fatality and one injury, authorities said.

    The explosion occurred after the plane was released from its WhiteKnightTwo carrier airplane and fired up its rocket engine in flight for the first time in more than nine months.

    “During the test, the vehicle suffered a serious anomaly resulting in the loss of the vehicle,” Virgin Galactic said in a statement. “The WhiteKnightTwo carrier aircraft landed safely. Our first concern is the status of the pilots.”

    Jesse Borne, an officer at the California Highway Patrol, told NBC News that there was one fatality and one major injury.

    The flight originated from the Mojave Air and Space Port, about 95 miles (150 kilometers) north of Los Angeles. The Federal Aviation Administration said two crew members were aboard SpaceShipTwo — which is consistent with Virgin Galactic’s practice of having two test pilots who are equipped with parachutes. The pilots have not yet been identified.

    Photographer Ken Brown, who was covering the test flight, told NBC News that he saw an explosion high in the air and later came upon SpaceShipTwo debris scattered across a small area of the desert. The Mojave airport’s director, Stuart Witt, said the craft crashed north of Mojave. He deferred further comment pending a news conference that is scheduled for 2 p.m. PT (5 p.m. ET).

    Keith Holloway, a Washington-based spokesman for the National Transportation and Safety Board, said “we are in the process of collecting information.” The FAA said it was also investigating the incident.

    New kind of fuel tested

    During the nine months since the previous rocket-powered test in January, Virgin Galactic switched SpaceShipTwo’s fuel mixture from a rubber-based compound to a plastic-based mix — in hopes that the new formulation would boost the hybrid rocket engine’s performance.

    Before Friday’s flight, the most recent aerial outing was on Oct. 7, when SpaceShipTwo took an unpowered, gliding flight back to the Mojave runway.

    The latest test got off to a slow start. SpaceShipTwo spent more than three hours on the Mojave runway, slung beneath its WhiteKnightTwo mothership, while the ground team assessed whether the weather was right for flight. The go-ahead was finally given for takeoff at 9:19 a.m. PT (12:19 p.m. ET).

    It took WhiteKnightTwo about 45 minutes to get to 50,000 feet, the altitude at which it released SpaceShipTwo for free flight.

    The flight was part of Virgin Galactic’s long-running program to test SpaceShipTwo in preparation for suborbital trips to the edge of outer space. Virgin Galactic had said the first trip to an outer-space altitude — usually defined as 100 kilometers, or 62 miles — could have taken place before the end of the year, depending on how the tests went. The company’s billionaire founder, Richard Branson, was hoping to ride on the first commercial flight next year.

    More than 700 customers have paid as much as $250,000 for a ride on the rocket plane.

    http://www.nbcnews.com/storyline/virgin-voyage/virgin-galactics-spaceshiptwo-crashes-1-dead-1-injured-n238376

    Branson’s Virgin Galactic Spaceship in catastrophic explosion and crash: One pilot dead and another critical as experimental plane blows up on test flight over California

    • SpaceShipTwo was flying under rocket power and then tweeted that it had ‘experienced an in-flight anomaly’
    • Virgin Galactic confirmed craft had exploded 
    • Images show parts of the craft on the ground 
    • Lady Gaga, Justin Bieber, Katy Perry and Kate Winslet among those who have signed up to fly in the spacecraft 
    • Second space disaster in a week after Antares rocket exploded 
    • Sir Richard Branson had pledged to be on first commercial flight with his family 
    • More than 700 customers have paid as much as $250,000 for a seat on the plane, which cost $500 million to develop 

    Virgin Galactic’sSpaceShipTwo spacecraft has exploded during a test flight over the Mojave desert, killing one of the two pilots onboard.

    Onlookers reported seeing an explosion and debris from the craft.

    Two pilots were onboard, and authorities confirmed one was dead, with the second being taken to hospital in Lancaster with serious injuries aboard a helicopter.

    Scroll down for videos

    Parts of the crashed spacecraft in the Mojave desert. SpaceShipTwo was flying under rocket power after being released from its mothership - then Virgin tweeted that it had 'experienced an in-flight anomaly.'

    Parts of the crashed spacecraft in the Mojave desert. SpaceShipTwo was flying under rocket power after being released from its mothership – then Virgin tweeted that it had ‘experienced an in-flight anomaly.’

    Two pilots were onboard, and authorities confirmed one was dead, with the second being taken to hospital in Lancaster with serious injuries aboard a helicopter (pictured)

    Two pilots were onboard, and authorities confirmed one was dead, with the second being taken to hospital in Lancaster with serious injuries aboard a helicopter (pictured)

    Part of SpaceShip Two's fuselage on the desert floor

    Part of SpaceShip Two’s fuselage on the desert floor

    Onlookers saw at least one parachute from the craft, which has two crew members.

    ‘Virgin Galactic’s partner Scaled Composites conducted a powered test flight of #SpaceShipTwo earlier today,’ Virgin Galactic said in a tweeted statement.

    ‘During the test, the vehicle suffered a serious anomaly resulting in the loss of SpaceShipTwo. WK2 landed safely.

    ‘Our first concern is the status of the pilots, which is unknown at this time.

    ‘We will work closely with relevant authorities to determine the cause of this accident and provide updates ASAP.’

    The company earlier tweeted that SpaceShipTwo was flying under rocket power and then tweeted that it had ‘experienced an in-flight anomaly.’

    Richard Branson said in a statement, ‘Thoughts with all at Virgin Galactic & Scaled, thanks for all your messages of support. I’m flying to Mojave immediately to be with the team.’

    Wreckage of Virgin Galactic’s space tourism rocket

    Parachutes were spotted in the area, and ABC captured this image of them on the ground

    Parachutes were spotted in the area, and ABC captured this image of them on the ground

    Twitter users have begun posting pictures of the debris to Twitter

    Twitter users have begun posting pictures of the debris to Twitter

    Virgin Galactic's Spaceship 2 in flight. The rocket exploded today, killing one pilot and seriously injuring another

    Virgin Galactic’s Spaceship 2 in flight. The rocket exploded today, killing one pilot and seriously injuring another

    The FAA is investigating and released a statement saying, ‘Just after 10 a.m. PDT today, ground controllers at the Mojave Spaceport lost contact with SpaceShipTwo, an experimental space flight vehicle.

    ‘The incident occurred over the Mojave Desert shortly after the space flight vehicle separated from WhiteKnightTwo, the vehicle that carried it aloft.

    ‘Two crew members were on board SpaceShipTwo at the time of the incident. WhiteKnightTwo remained airborne after the incident.’

    HOW VIRGIN GALACTIC WILL TAKE PASSENGERS TO SPACE

    SpaceShipTwo has been under development at Mojave Air and Spaceport in the desert northeast of Los Angeles.

    SpaceShipTwo is carried aloft by a specially designed mothership and then released before igniting its rocket for suborbital thrill ride into space and then a return to Earth as a glider.

    Ticket cost: The starting price for flights is $250,000 (£150,000) – the first ceremonial flight will be undertaken by Richard Branson and his family.

    Training: Passengers are required to go through a ‘Pre-Flight Experience Programme’, including three days of pre-flight preparing onsite at the spaceport to ensure passengers are physically and mentally fit to fly.

    Once aboard: SpaceShipTwo will carry six passengers and two pilots. Each passenger gets the same seating position with two large windows – one to the side and one overhead.

    A climb to 50,000ft before the rocket engine ignites. Passengers become 'astronauts' when they reach the Karman line, the boundary of Earth's atmosphere, at which point SpaceShipTwo separates from its carrier aircraft, White Knight II. The spaceship will make a sub-orbital journey with approximately six minutes of weightlessness, with the entire flight lasting approximately 3.5 hours.The spaceship accelerates to approximately 3,000 mph - or nearly four times the speed of sound

    A climb to 50,000ft before the rocket engine ignites. Passengers become ‘astronauts’ when they reach the Karman line, the boundary of Earth’s atmosphere, at which point SpaceShipTwo separates from its carrier aircraft, White Knight II. The spaceship will make a sub-orbital journey with approximately six minutes of weightlessness, with the entire flight lasting approximately 3.5 hours.The spaceship accelerates to approximately 3,000 mph – or nearly four times the speed of sound

    The space ship is 60ft long with a 90inch diameter cabin allowing maximum room for the astronauts to float in zero gravity.

    Flight path: A climb to 50,000ft before the rocket engine ignites. Passengers become ‘astronauts’ when they reach the Karman line, the boundary of Earth’s atmosphere, at which point SpaceShipTwo separates from its carrier aircraft, White Knight II.

    The spaceship will make a sub-orbital journey with approximately six minutes of weightlessness, with the entire flight lasting approximately 3.5 hours.

    The spaceship accelerates to approximately 3,000 mph – or nearly four times the speed of sound

    Flight frequency: Initially one per week, eventually to have two flights per day.

    Photographer Ken Brown, who was covering the test flight, told NBC News that he saw a midflight explosion and later came upon SpaceShipTwo debris scattered across a small area of the desert.

    Two pilots fly in SpaceShipTwo’s cockpit during a test.

    Those pilots are equipped with parachutes, and after the anomaly, at least one chute was reportedly sighted over the Mojave Air and Space Port in California, the base from which SpaceShipTwo and its WhiteKnightTwo carrier plane took off.

    Bakersfield’s KGET-TV quoted the Mojave airport’s director, Stuart Witt, as saying that the craft crashed east of Mojave.

    A tweet from Virgin Galactic said more information would be forthcoming.

    Kern County Fire Department reports it is heading to a location in the Mojave Desert.

    California Highway Patrol Officer Darlena Dotson says the agency is responding to a report of a crash in the Cantil area.

    SpaceShipTwo made its last powered test flight on Jan. 10.

    The Virgin logo is seen clearly in this image of the wreckage

    The Virgin logo is seen clearly in this image of the wreckage

    Cars and emergency vehicles line up near the crash site

    Cars and emergency vehicles line up near the crash site

    A closer look at the wreckage from the explosion

    A closer look at the wreckage from the explosion

    SpaceShipTwo’s pilots include, among other, Frederick ‘CJ’ Sturckow, Michael Masucci and Peter Siebold.

    Sturckow, 53, is a former NASA pilot and was snapped up by Virgin Galactic in May 2013 after an illustrious career including 1,200 hours in space and lengthy military service.

    He lives in Lakeside, California with his wife, earned his aviator wings in 1987 and was deployed overseas with the military to Japan, South Korea, the Philippines and Bahrain. He flew 41 combat missions during Operation Desert Storm and led 30 plane airstrikes into Iraq and Kuwait. During his service, he logged more than 6,500 fight hours in more than 60 different aircraft.

    According to his NASA profile, he was selected by the space agency in December 1994 and subsequently worked in roles including the Lead for Kennedy Space Center and Chief of the Astronaut Office International Space Station Branch. He went on to log 1,200 hours in space, including during the first International Space Station assembly mission in 1998 and aboard three other missions to the International Space Station between 2001 and 2009.

    In 2011, he was named as the backup commander for the penultimate mission of the Space Shuttle program, allowing Commander Mark Kelly to support his wife, Congresswoman Gabrielle Giffords, as she recovered from an attempted assassination in Tuscon.

    CJ Sturckow gets splashed with water after guiding Virgin Galactic's private SpaceShipTwo through an unpowered 'glide flight'

    CJ Sturckow gets splashed with water after guiding Virgin Galactic’s private SpaceShipTwo through an unpowered ‘glide flight’

    Pilot Michael Masucci celebrates as well with a little water

    Pilot Michael Masucci celebrates as well with a little water

    Sturckow (in red hat), Pete Siebold (with arms crossed in sunglasses) and Masucci (far right)

    Sturckow (in red hat), Pete Siebold (with arms crossed in sunglasses) and Masucci (far right)

    Along with Sturckow, 51-year-old Michael Masucci – known as ‘Sooch’ – works out of Virgin Galactic’s Mojave, California location to conduct flight training and testing. He joined the team in 2013.

    Masucci, a retired U.S. Air Force (USAF) Lieutenant Colonel has more than 30 years of civilian and military operational and test flying experience and has logged more than 9,000 flying hours in 70 different types of airplanes and gliders.

    Before joining Virgin Galactic, he served as a U-2 combat pilot in several operations and instructed at the USAF Test Pilot School, while also serving as a Branch Chief. As a U-2 test pilot he was instrumental in the development and testing of the aircraft’s glass cockpit and power upgrade programs, according to AeroNews. The married dad also worked for XOJET Inc., a private company based in Brisbane, California where he captained a Citation X, a business jet aircraft.

    FAA Inspector John Penney, pilot Todd 'Leif' Ericson and Masucci

    FAA Inspector John Penney, pilot Todd ‘Leif’ Ericson and Masucci

    SpaceShip2 coming in for a safe landing during a previous run

    SpaceShip2 coming in for a safe landing during a previous run

    Branson christening the WhiteKnightTwo, which landed safely today

    Branson christening the WhiteKnightTwo, which landed safely today

    Siebold flew his first solo flight and gained his pilot’s license at 16 – the youngest age possible – and went on to teach flight classes at the San Luis Obispo Airport while he was a student at Cal Poly. He completed his degree in 2001.

    The 43-year-old, who lives in Tehachapi, California with his wife, was one of the test pilots for SpaceShipOne, a experimental spaceplane that completed the first manned private spaceflight in 2004. As a design engineer at its aerospace company Scaled Composites, Siebold was responsible for the simulator, navigation system, and ground control system for the SpaceShipOne project.

    In 2009, he was awarded the Iven C. Kincheloe award – the most prestigious award a test pilot can receive – for his role as chief test pilot on the Model 348 WhiteKnightTwo plane, used to lift the SpaceShipTwo spacecraft to release altitude.

    By the time of his award, he had logged about 2,500 hours of flight time in 40 different types of fixed wing aircraft, MustangNews reported.

    On October 7, Virgin Galactic tweeted: ‘Pilots Pete Siebold (Scaled) and CJ Sturckow (Virgin Galactic) have landed #SpaceShipTwo safely after another great test flight.’

    Incredible footage of Virgin Galactic’s third flight (Archive)

    SpaceShipTwo was flying under rocket power after being released from its mothership - then Virgin tweeted that it had 'experienced an in-flight anomaly.'

    SpaceShipTwo was flying under rocket power after being released from its mothership – then Virgin tweeted that it had ‘experienced an in-flight anomaly.’

    In May, the company announced it was switching the fuel used in the vehicle’s hybrid rocket motor, hydroxyl-terminated polybutadiene, a form of rubber, to a polyamide-based plastic.

    During a media tour of Virgin Galactic’s Mojave facilities on Oct. 4 that marked the tenth anniversary of the final flight of SpaceShipOne, the suborbital vehicle that won the $10-million Ansari X Prize, company officials said they expected to resume powered test flights ‘imminently’ once qualification tests of the new motor were done.

    At the International Symposium for Personal and Commercial Spaceflight in Las Cruces, New Mexico, on Oct. 15, Virgin Galactic chief executive George Whitesides said the company had completed those qualification tests.

    ‘We expect to get back into powered test flight quite soon,’ he said.

    A HISTORY OF DELAYS

    July 2008 – Branson predicts that  the maiden space voyage will take place within 18 months

    October 2009 – Virgin Galactic says initial flights will take place from Spaceport America ‘within two years’

    December 7, 2009 – SpaceShipTwo unveiled and Branson tells ticket holders that flights will being in 2011

    April 2011 – Branson says that due to delays flights will not begin for another 18 months

    April 29, 2013 – SpaceShipTwo has first test flight, but only achieves a speed of 920 mph, less than half the speed Branson predicted

    May 14, 2013 - Branson says first flight will take place on December 25, 2013

    September 2014 – Branson says first flight will happen in February or March of 2015

    SpaceShipTwo has been under development at Mojave Air and Spaceport in the desert northeast of Los Angeles.

    SpaceShipTwo is carried aloft by a specially designed jet and then released before igniting its rocket for suborbital thrill ride into space and then a return to Earth as a glider.

    Seats on the flights into space are already being snapped for £250,000 ahead of the spring launch at Spaceport America in New Mexico.

    Branson’s big project has also attracted a slew of big name passengers happy to pay for this once in a lifetime experience, including newlyweds Brad Pitt and Angelina Jolie; Justin Bieber and his manager Scooter Braun; Lady Gaga, who plans to try and sing in space; former pop star Lance Bass, who has long been vocal about his desire to head to space; and Ashton Kutcher, who was the 500th customer to purchase a ticket. Russell Brand also got a ticket for his birthday from ex-wife Katy Perry when the two were married. Perry bought a ticket as well so Brand would not have to go alone.

    Stephen Hawking and Kate Winslet are also set to fly, but got their seats for free. Winslet because she is married to Branson’s nephew, Ned RocknRoll, and Hawking because Branson wanted to offer the legendary astrophysicist a chance to go into space.

    The ship attached to its mothership

    The ship attached to its mothership

    However, Sir Richard is facing a ‘backlash’ from some of the nearly 700 passengers who have already paid for a ticket on the craft.

    Some stumped up the fee as long ago as 2005, but still have no idea when they will eventually reach space.

    The 600-plus takers for the flights are already benefiting from their ticket purchase, which by extension enters them into an exclusive club that has seen them visit Necker Island and the Mojave Desert with Branson along with undertaking G-force training.

    Read more: http://www.dailymail.co.uk/news/article-2816224/Virgin-Galactic-spaceship-flight-problem.html#ixzz3Hl17hd8L
    Follow us: @MailOnline on Twitter | DailyMail on Facebook

     

    SpaceShipTwo Flew on Untested Rocket

    Richard Branson’s plane meant to carry tourists into space never tested a new engine using new fuel before it flew—and exploded—over California on Friday.
    Virgin Galactic’s SpaceShipTwo crashed in the California desert Friday after testing a new rocket motor for the first time in flight. The company said an “in-flight anomaly” occurred. Law enforcement said one pilot was killed and the other was seriously injured.

    “During the test, the vehicle suffered a serious anomaly resulting in the loss of the vehicle,” Virgin Galactic said in a statement it released to NBC News. “Our first concern is the status of the pilots, which is unknown at this time. We will work closely with relevant authorities to determine the cause of this accident and provide updates as soon as we are able to do so.”

    SpaceShipTwo had been slung under the jet-powered carrier aircraft WhiteKnightTwo before taking off. WhiteKnightTwo carried SpaceShipTwo to 50,000 feet before releasing it for free flight.

    The Federal Aviation Administration provided additional details on what happened next.

    “Just after 10 a.m. PDT today, ground controllers at the Mojave Spaceport lost contact with SpaceShipTwo, an experimental space flight vehicle,” FAA spokeswoman Laura Brown told The Daily Beast in an email. “The incident occurred over the Mojave Desert shortly after the space flight vehicle separated from WhiteKnightTwo, the vehicle that carried it aloft. Two crew members were on board SpaceShipTwo at the time of the incident.”
    The WhiteKnightTwo remained airborne after the incident and landed safely.

    The National Transportation Safety Board also will investigate the crash, a spokesman told The Daily Beast.

    SpaceShipTwo was testing a new plastic-based rocket fuel for the first time Friday. An eyewitness told The Daily Beast that the spacecraft exploded shortly after the rocket motor was ignited. The spaceship had not flown a powered flight in about nine months because engineers were switching out its original engine that used rubber-based rocket fuel for the new engine, which used plastic-based fuel.

    Scaled Composites, which built the spacecraft, had experienced some problems with the new rocket, which until Friday had only been tested on the ground. While the new motor holds much promise of greatly increased performance, there were some serious risks associated with the new rocket—as Friday’s incident proved.

    With the new rocket installed, SpaceShipTwo was expected to fly more than five times higher than it had ever flown before—right to the edge of space at 62 miles above the Earth. In some ways, SpaceShipTwo, which was to reach a maximum speed of about 2,500 miles per hour during its ascent into space, was pushing the limits of its virtually untested design.

    It was not the first time Virgin pushed limits to get into space. A new biography about SpaceShipTwo’s patron, Richard Branson, by investigative journalist Tom Bower makes that clear. Rocket engineers Geoff Daly and Caroline Campbell were critical of one of the components of the original rubber-based fuel: nitrous oxide. Campbell warned: “Nitrous oxide can explode on its own.” Another toxic component of the fuel was hydroxyl-terminated polybutadiene, a form of rubber. Campbell said that when the engine ran there was “so much soot coming out the back, burning rubber, that it could be carcinogenic.”
    In 2007, the unattached rocket engine using that fuel was being tested on the ground in the Mojave desert when it exploded and killed three of 40 engineers observing the test. Investigators found that safety regulations at the site had been violated and that the men killed had been too close to the rocket motor.

    After tests this January, it was decided to the fuel powering the rocket engine should have its rubber removed. The reason was not toxicity but that the fuel did not provide consistent and stable power, and the test pilots had to shut down the engine prematurely. Before SpaceShipTwo could fly with the new fuel aboard it had to be extensively tested on the ground. As those tests were taking place, Branson told Bloomberg TV: “It took us a lot longer to build rockets that we felt completely comfortable with.”
    SpaceShipTwo was expected to usher in a new era of commercial space travel: More than 700 people had already paid more than $250,000 each for a chance to leave the planet and experience the weightlessness of space flight. Branson himself had been planning to fly onboard the spacecraft by next year.

    Friday’s incident, however, throws all of that into question.

     

    Virgin Galactic’s Flight Path to Disaster: A Clash of High Risk and Hyperbole

    Sir Richard Branson’s a consummate salesman, but his rhetoric and hopes got ahead of his company’s engineers.
    It was always recklessly optimistic of Sir Richard Branson to imagine that he could go straight from experimental test flights of his Virgin Galactic SpaceShip Two to carrying passengers in a matter of months.

    That’s not the way that things work when you’re pushing at the edge of the unknown, as this program was.

    And yet there was Sir Richard, only a few weeks ago, suggesting that once the ship had fired up its rocket motor with a new kind of fuel he would be riding the first passenger-carrying flight early next year.

    He’s never seemed either to understand or admit how many technical challenges had to be faced before space tourism could be an everyday event, as safe and simple as flying an airline.

    Every milestone in aviation and aerospace has been reached only after exhaustive and often dangerous testing.

    The closest parallel to the Galactic challenge is the example of Chuck Yaeger being the first man to successfully fly at supersonic speed in 1947.

    It was called, rather dramatically, breaking the sound barrier. In fact, there was no barrier but there was much to be discovered about changes to the controllability of an airplane as it surged beyond the speed of sound.

    Yaeger’s Bell X-1 rocket ship was a one-off experimental machine. It would be years before air force pilots could safely fly the supersonic fighters that evolved from these test flights into a very different form.

    Yet Virgin Galactic posited the notion that an experimental test vehicle and the final form of a “spaceship for tourists” could be identical.

    Both a rocket engine with a temperamental record and an airframe of revolutionary design and construction had to be proved safe. And not just safe for test pilots, but safe enough for the long line of celebrities who had signed up to ride the rocket.

    All the Virgin Galactic test flying was done under a special experimental permit issued by the Federal Aviation Administration. To reach the point where SpaceShip Two could be cleared for carrying passengers Galactic needed to move from the experimental permit to being awarded an operator’s license.

    That required a new 180-day review by the FAA to establish that all the systems were thoroughly tested and fail-safe. But remember, this was uncharted territory for the FAA just as it was for Galactic. Indeed, by submitting to the FAA review Galactic was being asked to set the standards for all who followed… if they could.

    It was a very tall order. Branson wanted a vehicle that could carry six passengers, two pilots and reach a speed of 2,500mph and a height of around 65 miles, ten times the height at which an airliner cruises.

    By any measure, this accident will have set back the development program by years. Will backers want to pour ever more money into this black hole?
    When the FAA certifies a new airliner as safe it is normal for the airplane builder, like Boeing or Airbus, to put as many a six airplanes into the test program, all flying at the same time, to test every aspect of the design and its safety—and this for a technology that is in most parts wholly mature. Even then it can take several years to receive certification. The principle is clear: the design must have multiple redundancies so that no single failure can jeopardize the airplane.

    But here Virgin was fielding only one test vehicle that embodied a whole set of completely untried systems. Everything was being staked on the two test pilots being able to anticipate potential failures and the ground engineers likewise poring over the test results to detect weak points before they had catastrophic results. Despite this, Virgin asked the FAA to begin their review for the operator’s license in August 2013, and that was when the 180-day clock started ticking.

    However, as that period neared its end it was obvious that SpaceShip Two was nowhere near completing its test flights and passing every safety milestone that it needed to. So Virgin voluntarily asked the FAA to stop the clock.

    The program was facing its most daunting test, firing up the rocket engine to full power and for long enough to reach that apogee of 65 miles high.

    Early this year a test flight proved that the fuel being used for the rocket would never meet that goal. The power delivered by the rocket motor was uneven and tricky to control. On the first powered test flights the pilots had prematurely to shut down the engine.
    Then a critical change was ordered—a fuel using a new formula that was thought to be more stable and deliver more power. This fuel was repeatedly tested on the ground. But no ground test can replicate the conditions of a flight—key factors like temperature, air pressure and far lower gravitational pull affect the way the fuel behaves.

    On Friday morning the pilots prepared for the first flight with the new fuel. There was, I am told, a two-hour delay caused by concerns about the temperature of the fuel. Nonetheless, the test pilots, both known to be scrupulous in their preparations, felt confident enough to go. So SpaceShip Two was lifted aloft by the mother ship, WhiteKnight Two, and separated at 40,000 feet to “light the candle” as rocket ignition is called. Disaster followed.

    There are many consequences to this failure. Not the least is what it implies for the financing of the project. After years of delays the costs have gone beyond a billion dollars. More than a third of that money has come from Abar, an investment fund based in Abu Dhabi. (This was made available in return for an undertaking by Virgin to build a space tourism base in the Gulf.) By any measure, this accident will have set back the development program by years. Will backers want to pour ever more money into this black hole?

    Then there is the case of Spaceport America in New Mexico, near the small city of Truth & Consequences. This cost local taxpayers $212 million to build in the hope that they would become the center of the new industry of space tourism.

    It’s not exactly clear how many people have signed up to ride SpaceShip One – Galactic has claimed that as many as 800 people have paid deposits on the $250,000 fare but the numbers are squishy. For these people the disaster over the Mojave Desert is a sobering wake-up call. What to many must have seemed the prospect of a spectacular joy ride is now better appreciated as a thrill from the very edge of what is safely attainable.

    From the beginning in 2004 there has always been a credibility gap between the fairground hyperbole of Branson’s formidable publicity machine and the scientific reality of the enterprise. Somehow, probably because he is such a consummate showman, Branson has been able, year after year, to override the story of continual delays, flagrant over-promises and a voracious, seemingly open-ended budget. This time it’s different. A National Transportation Safety Board investigation will deliver a forensic rigor that has been so far lacking. It will strip away the vocabulary of the promoter. And it will reveal the world as lived daily by the engineers and test pilots who knew how much was left to be understood among the hazards of the dream.

    http://www.thedailybeast.com/articles/2014/10/31/spaceshiptwo-flew-on-untested-rocket-motor.html

     

    SpaceShipTwo

    From Wikipedia, the free encyclopedia
    SpaceShipTwo
    SS2 and VMS Eve.jpg
    SpaceShipTwo (central fuselage) carried under itsmothership, White Knight Two.
    Role Passenger spaceplane
    Manufacturer The Spaceship Company
    First flight 10 October 2010 (first glide flight)
    29 April 2013 (first powered flight)
    Primary user Virgin Galactic
    Developed from SpaceShipOne

    The Scaled Composites Model 339 SpaceShipTwo (SS2) is a suborbital, air-launched spaceplane designed for space tourism. It is under development as part of the Tier 1b program[1] under contract to The Spaceship Company, a California-based company that is wholly owned by its sister company Virgin Galactic. The Spaceship Company was formerly a joint venture between Virgin Galactic and Scaled Composites, but Virgin became the company’s sole owner in 2012.[2]

    SpaceShipTwo is carried to its launch altitude by a jet-powered mothership, the Scaled Composites White Knight Two, before being released to fly on into the upper atmosphere, powered by a rocket motor. It then glides back to Earth and performs a conventional runway landing.[3] The spaceship was officially unveiled to the public on 7 December 2009 at the Mojave Air and Space Port in California.[4] On 29 April 2013, after nearly three years of unpowered testing, the spacecraft successfully performed its first powered test flight.[5]

    Virgin Galactic plans to operate a fleet of five SpaceShipTwo spaceplanes in a private passenger-carrying service, starting in 2014,[6][7][8][9] and have been taking bookings for some time, with a suborbital flight carrying an initial ticket price of US$200,000.[10] The spaceplane could also be used to carry scientific payloads for NASA and other organizations.[11]

    On 31 October 2014 during a test flight, VSS Enterprise, the first SpaceShipTwo craft, experienced an in-flight anomaly followed by a catastrophic explosion and crash in the Mojave desert.[12][13][14] One pilot was confirmed dead, another is being treated for serious injuries. [15]

    Design overview

    A schematic diagram of SpaceShipTwo.

    The SpaceShipTwo project is based in part on technology developed for the first-generation SpaceShipOne, which was part of the Scaled Composites Tier One program, funded by Paul Allen. The Spaceship Company licenses this technology from Mojave Aerospace Ventures, a joint venture of Paul Allen and Burt Rutan, the designer of the predecessor technology.

    SpaceShipTwo is a low-aspect-ratio passenger spaceplane. Its capacity will be eight people: six passengers and two pilots. The apogee of the new craft will be approximately 110 km (68 mi) in the lower thermosphere, 10 km (6.2 mi) higher than the Kármán line which was SpaceShipOne’s target (though the last flight of SpaceShipOne reached a one-time altitude of 112 km (70 mi)). SpaceShipTwo will reach 4,200 km/h (2,600 mph), using a single hybrid rocket motor – the RocketMotorTwo.[16] It launches from its mothership,White Knight Two, at an altitude of 15,000 metres (50,000 ft), and reaches supersonic speed within 8 seconds. After 70 seconds, the rocket motor cuts out and the spacecraft will coast to its peak altitude. SpaceShipTwo’s crew cabin is 3.7 m (12 ft) long and 2.3 m (7.5 ft) in diameter.[17] The wing span is 8.2 m (27 ft), the length is 18 m (60 ft) and the tail height is 4.6 m (15 ft) .[18]

    SpaceShipTwo uses a feathered reentry system, feasible due to the low speed of reentry – by contrast, the Space Shuttle and other orbital spacecraft re-enter at orbital speeds, closer to 25,000 km/h (16,000 mph) , using heat shields. SpaceShipTwo is furthermore designed to re-enter the atmosphere at any angle.[19] It will decelerate through the atmosphere, switching to a gliding position at an altitude of 24 km (15 mi), and will take 25 minutes to glide back to the spaceport.

    SpaceShipTwo and White Knight Two are, respectively, roughly twice the size of the first-generation SpaceShipOne and mothership White Knight, which won theAnsari X Prize in 2004. SpaceShipTwo has 43 and 33 cm (17 and 13 in) -diameter windows for the passengers’ viewing pleasure,[18] and all seats will recline back during landing to decrease the discomfort of G-forces.[20] Reportedly, the craft can land safely even if a catastrophic failure occurs during flight.[21] In 2008, Burt Rutan remarked on the safety of the vehicle:

    This vehicle is designed to go into the atmosphere in the worst case straight in or upside down and it’ll correct. This is designed to be at least as safe as the early airliners in the 1920s…Don’t believe anyone that tells you that the safety will be the same as a modern airliner, which has been around for 70 years.[19]

    In September 2011, the safety of SpaceShipTwo’s feathered reentry system was tested when the crew briefly lost control of the craft during a gliding test flight. Control was reestablished after the spaceplane entered its feathered configuration, and it landed safely after a 7-minute flight.[22]

    Fleet and launch site

    The launch customer of SpaceShipTwo is Virgin Galactic, who have ordered five vehicles.[23][24] The first two were named VSS (Virgin Space Ship) Enterprise[25]and VSS Voyager. As of August 2013, only VSS Enterprise has been flown;[26] VSS Voyager has yet to begin flight tests. The WhiteKnightTwo carrying SpaceShipTwo crafts will take off from the Mojave Air and Space Port in California during testing. Spaceport America – formerly Southwest Regional Spaceport, a US$212 million spaceport in New Mexico partly funded by the state government[27] – will become the permanent launch site when commercial launches begin.[17]

    Development

    On 28 September 2006, Virgin Group founder Sir Richard Branson unveiled a mock-up of the SpaceShipTwo passenger cabin at the NextFest exposition at theJavits Convention Center in New York.[28] The design of the vehicle was revealed to the press in January 2008, with the statement that the vehicle itself was around 60% complete.[17] On 7 December 2009, the official unveiling and rollout of SpaceShipTwo took place. The event involved the first SpaceShipTwo being christened by then-Governor of California Arnold Schwarzenegger as the VSS Enterprise.[29]

    2007 test explosion

    On 26 July 2007, an explosion occurred during an oxidizer flow test at the Mojave Air and Space Port, where early-stage tests were being conducted on SpaceShipTwo’s systems. The oxidizer test included filling the oxidizer tank with 4,500 kilograms (10,000 lb) of nitrous oxide, followed by a 15-second cold-flow injector test. Although the tests did not ignite the gas, three employees were killed and three injured, two critically and one seriously, by flying shrapnel.[30]

    Rocket engine

    The hybrid rocket engine design for SpaceShipTwo has been problematic and caused extensive delays to the flight test program. The original rocket motor design was based on hydroxyl-terminated polybutadiene (HTPB) fuel and nitrous oxide oxidizer – sometimes referred to as an N2O/HTPB engine[31][32] – from 2009–early 2014. In May 2014, the engine design was switched from a HTPB to a polyamide fuel formulation.

    RocketMotorTwo

    Main article: RocketMotorTwo

    Between 2005 and 2009, Scaled Composites conducted numerous small-scale rocket tests to evaluate SpaceShipTwo’s engine design. After settling on the RocketMotorTwo hybrid rocket design, the company began performing full-scale hot-fire rocket tests in April 2009.[33] By December 2012, 15 full-scale tests had been successfully conducted,[33][34] and additional ground tests continued into March 2013.[35] In June 2012, the FAA issued a rocket testing permit to Scaled Composites, allowing it to begin SS2 test flights powered by RocketMotorTwo;[36] the first such powered flight took place on 29 April 2013.[37] The HTPB RocketMotorTwo design generated 60,000 lbf (270 kN) of thrust.[38]

    2014 Change of fuel

    In May 2014, Virgin Galactic announced a change to the fuel to be used in the SpaceShipTwo rocket engine. Rather than the rubber-based HTPB—HTPB engines had experienced serious engine stability issues on firings longer than approximately 20 seconds—the engine will now use a type of plastic called thermoplasticpolyamide as the solid fuel. The plastic fuel is projected to have better performance (by several unspecified measures) and will allow SpaceShipTwo to make flights to a higher altitude.[39][40][41]

    As of May 2014, the new engine has already completed full-duration burns of over 60 seconds in ground tests on an engine test stand.[40]

    SpaceShipTwo test flights

    Main article: VSS Enterprise

    SpaceShipTwo in a captive flight configuration underneath White Knight Two, during the runway dedication ofSpaceport America in October 2010.VMS Eve is shown carrying VSSEnterprise.

    A view of the firing of SpaceShipTwo’s rocket motors during its first powered flight in April 2013.

    As of October 2014, SpaceShipTwo has conducted 54 test flights.[42] The spacecraft has used its “feathered” wing configuration during ten of these test flights.[42][43][44]

    In September 2012, Virgin Galactic announced that the unpowered subsonic glide flight test program was essentially complete.[45] In October 2012, Scaled Composites installed key components of the rocket motor, and SpaceShipTwo performed its first glide flight with the engine installed in December 2012.[46][47]

    The spacecraft’s first powered test flight took place on 29 April 2013. Spaceshiptwo reached supersonic speeds in this first powered flight.[48][49] On 5 September 2013, the second powered flight was made by SpaceShipTwo.[50] The first powered test flight of 2014—and third overall—occurred 10 January 2014. The spacecraft reached an altitude of 22,000 metres (71,000 ft) (the highest to date) and a speed of Mach 1.4. The WhiteKnightTwo carrier aircraft released SpaceShipTwo (VSS Enterprise) at an altitude of 14,000 metres (46,000 ft) .[51]

    Costs

    SpaceShipTwo’s total development costs were estimated at around $400 million in May 2011, a significant increase over the 2007 estimate of $108 million.[52]

    October 2014 crash

    On October 31, 2014, SpaceShipTwo suffered an “anomaly” during a powered flight test,[53] resulting in a crash killing one pilot and injuring the other.[54] It was the first flight to use the new type of fuel.[55]

    Commercial operation

    The duration of the flights will be approximately 2.5 hours, though only a few minutes of that will be in space. The price will initially be $200,000.[56] More than 65,000 would-be space tourists applied for the first batch of 100 tickets. By December 2007, Virgin Galactic had 200 paid-up customers on its books for the early flights, and 95% were passing the 6-8 g centrifuge tests.[57] By the start of 2011, that number had increased to over 400 paid customers,[58] and to 575 by early 2013.[59] In April 2013, Virgin Galactic announced that the price for a seat would increase 25 percent to $250,000 before the middle of May 2013,[59] and would remain at $250,000 “until the first 1,000 people have traveled, so that it matches up with inflation since [Virgin Galactic] started.”[60]

    Following 50–100 test flights, the first paying customers are expected to fly aboard the craft in 2014.[6] Refining the projected schedule in late 2009, Virgin Galactic declined to announce a firm timetable for commercial flights, but did reiterate that initial flights would take place from Spaceport America. Operational roll-out will be based on a “safety-driven schedule”.[61] In addition to making suborbital passenger launches, Virgin Galactic will market SpaceShipTwo for suborbital space sciencemissions.[61]

    NASA sRLV program

    By March 2011, Virgin Galactic had submitted SpaceShipTwo as a reusable launch vehicle for carrying research payloads in response to NASA‘s suborbital reusable launch vehicle (sRLV) solicitation, which is a part of the agency’s Flight Opportunities Program. Virgin projects research flights with a peak altitude of 110 km (68 mi) and a duration of approximately 90 minutes. These flights will provide approximately four minutes of microgravity for research payloads. Payload mass and microgravity levels have not yet been specified.[3] The NASA research flights could begin during the test flight certification program for SpaceShipTwo.

    Future spacecraft

    In August 2005, the president of Virgin Galactic stated that if the suborbital service with SpaceShipTwo is successful, the follow-up SpaceShipThree will be an orbital craft. In 2008, Virgin Galactic changed their plans and decided to make it a high-speed passenger vehicle, offering transport through point-to-point suborbital spaceflight.[62]

    Production

    While the first WhiteKnightTwo and the first SpaceShipTwo were built by Scaled Composites, The Spaceship Company has responsibility for the manufacture of the second WK2 aircraft and the second SS2 spacecraft for Virgin Galactic, as well as additional production craft as other customers for the vehicles emerge.[63] In October 2010, TSC announced plans to build three WhiteKnightTwo aircraft and five SpaceShipTwo spaceplanes.[64]

    Specifications

    Sources: [65][66]

    General characteristics

    • Crew: 2
    • Capacity: 6 passengers
    • Length: 18.3 m (60 ft)
    • Wingspan: 8.3 m (27 ft)
    • Height: 5.5 m (18 ft – rudders down)
    • Loaded weight: 9,740 kg (21,428 lb)
    • Powerplant: 1 × RocketMotorTwo liquid/solid hybrid rocket engine

    Performance

    See also

    References

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    4. Jump up^ Amos, Jonathan (8 December 2009). “Richard Branson unveils Virgin Galactic spaceplane”. BBC News. Retrieved 23 March 2010.
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    22. Jump up^ “Virgin Galactic’s private spaceship makes safe landing after tense test flight”.Space.com. 17 October 2011. Retrieved 18 October 2011.
    23. Jump up^ “Richard Branson and Burt Rutan Form Spacecraft Building Company”.Space.com. 27 July 2005. Retrieved 17 October 2009.
    24. Jump up^ Malik, Tariq (23 January 2008). “Virgin Galactic Unveils Suborbital Spaceliner Design”. Space.com. Retrieved 25 January 2008.
    25. Jump up^ “Virgin Galactic to Offer Public Space Flights”. Space.com. 27 September 2004. Retrieved 20 December 2007.
    26. Jump up^ “Scale comparison chart of Spaceshipone and Spaceshiptwo”. Gizmodo. Retrieved 6 April 2007.
    27. Jump up^ New era draws closer: Spaceport dedicates runway on New Mexico ranch. El Paso Times. 23 October 2010. Retrieved 25 October 2010. “two-thirds of the $212 million required to build the spaceport came from the state of New Mexico…The rest came from construction bonds backed by a tax approved by voters in Doña Ana and Sierra counties.”
    28. Jump up^ Sophie Morrison (30 September 2006). “Buckled up for white knuckle ride”. BBC News. Retrieved 6 April 2007.
    29. Jump up^ Richard Branson unveils Virgin Galactic spaceplane. BBC News, 7 December 2009.
    30. Jump up^ Abdollah, Tami and Silverstein, Stuart (27 June 2007). “Test Site Explosion Kills Three”. Los Angeles Times. Retrieved 27 July 2007.
    31. Jump up^ “Propulsion Systems: multiple-burn, green and low-cost” (PDF). Sierra Nevada. Retrieved 8 March 2013.
    32. Jump up^ “Safe Hybrid Rocket”. Overview – Safety. Virgin Galactic. 2013. Retrieved 8 March 2013.
    33. ^ Jump up to:a b RocketMotorTwo Hot-Fire Test Summaries. Scaled.com. Updated 9 August 2012. Retrieved 16 December 2012.
    34. Jump up^ “Virgin Galactic successfully completes SpaceShipTwo glide flight test and rocket motor firing on same day”. SpaceRef.com. 28 June 2012.
    35. Jump up^ Richard Branson (5 March 2013). “This isn’t sci-fi”. Virgin.com. Retrieved 5 March 2013.
    36. Jump up^ “SpaceShipTwo Gets Thumbs Up for Rocket-Powered Flights”. Flying Magazine. 1 June 2012.
    37. Jump up^ “SpaceShipTwo Test Summaries”. Scaled Composites. 29 April 2013. Retrieved 29 April 2013.
    38. Jump up^ “SpaceShipTwo performs first Rocket-Powered Flight”. Spaceflight101.com. 29 April 2013. Retrieved 19 May 2013.
    39. Jump up^ Foust, Jeff (2014-05-24). “Virgin Galactic changes fuels as it prepares for its next round of test flights”. NewSpace Journal. Retrieved 2014-05-25.
    40. ^ Jump up to:a b Boyle, Alan (2014-05-23). “Virgin Galactic Makes a Switch in SpaceShipTwo’s Rocket Motor”. NBC News. Retrieved 2014-05-24.
    41. Jump up^ “New Fuel to Boost SpaceShip Two”. Aviation Week. 2014-05-24. Retrieved 2014-05-27.
    42. ^ Jump up to:a b Wall, Mike (8 October 2014). “Virgin Galactic’s SpaceShipTwo Aces Glide Test Flight”. Space.com. Retrieved 8 October 2014.
    43. Jump up^ “Feather flight and nitrous vent test success”. Virgin Galactic. Retrieved 12 April 2013.
    44. Jump up^ “Virgin Galactic Reaches New Heights in Third Supersonic Test Flight”.virgingalactic.com. 10 Jan 2014. Retrieved 13 Jan 2014.
    45. Jump up^ Rosenberg, Zach. “Virgin Galactic finishes unpowered flight test”. FlightGlobal.com. 13 September 2012. Retrieved 26 September 2012.
    46. Jump up^ “SpaceShipTwo straps on its engine”. NBC. 20 December 2012. Retrieved 20 December 2012.
    47. Jump up^ “SpaceShipTwo Fitted With Rocket Propulsion System”. Aviation Week. 22 October 2012. Retrieved 14 November 2012.
    48. Jump up^ “SpaceShipTwo Test Summaries”. Scaled Composites. 8 August 2013. Retrieved 14 August 2013.
    49. Jump up^ “VIRGIN GALACTIC BREAKS SPEED OF SOUND IN FIRST ROCKET-POWERED FLIGHT OF SPACESHIPTWO”. Virgin Galactic. 29 April 2013. Retrieved 29 April 2013.
    50. Jump up^ “Virgin Galactic’s SpaceShipTwo Succeeds In Second Rocket-Powered Flight”. Forbes. Retrieved 6 September 2013.
    51. Jump up^ http://www.universetoday.com/107979/spaceshiptwo-goes-supersonic-in-third-test-flight/
    52. Jump up^ “A Look at Cost Overuns and Schedule Delays in Major Space Programs”. ParabolicArc.com. 4 May 2011. Retrieved 1 April 2012.
    53. Jump up^ http://www.bakersfieldcalifornian.com/local/x1143260271/SpaceShipTwo-experiences-in-flight-anomaly
    54. Jump up^ “Virgin Galactic’s SpaceShipTwo rocket plane crashes”. October 31, 2014.
    55. Jump up^ “Virgin Galactic’s SpaceShipTwo Has Crashed, Possible Casualties”. Gizmodo. 31 October 2014. Retrieved 31 October 2014.
    56. Jump up^ “Rich Chinese buying tickets to space”. Zee News. Retrieved 6 April 2007.
    57. Jump up^ “Virgin Galactic’s timetable for progress”. Spaceflight. Volume 50. British Interplanetary Society. February 2008. p.48.
    58. Jump up^ “Hold tight: SpaceShipTwo makes near-vertical plunge towards Earth on test flight as space tourism dream edges closer”. Daily Mail (London). 5 May 2011. Retrieved 11 July 2013.
    59. ^ Jump up to:a b Messier, Doug (29 April 2013). “Reserve Your SpaceShipTwo Seat Now — Big Price Increase Coming Soon”. ParabolicArc.com. Retrieved 30 April 2013.
    60. Jump up^ “Ticket Price for Private Spaceflights on Virgin Galactic’s SpaceShipTwo Going Up”. Space.com. 30 April 2013. Retrieved 16 June 2013.
    61. ^ Jump up to:a b Will Whitehorn (27 October 2009). International Astronautical Congress 2009: Civilian Access to Space (Video – comments at c. 20:00). Daejeon, Korea:Flightglobal Hyperbola. Retrieved 19 June 2013.
    62. Jump up^ “SpaceShipThree poised to follow if SS2 succeeds”. Flight International. 23 August 2005. Retrieved 6 April 2007.
    63. Jump up^ Norris, Guy (8 July 2011). “An Inside Look At A New Spaceship Factory”.Aviation Week and Space Technology. Retrieved 8 July 2011.
    64. Jump up^ “Spacecraft factory to break ground in Mojave”. Los Angeles Times. 8 November 2010. Retrieved 9 November 2010.
    65. Jump up^ Overview – Spaceships. Virgin Galactic. Retrieved 19 June 2013.
    66. Jump up^ “How Virgin Galactic’s SpaceShipTwo Passenger Space Plane Works (Infographic)”. Space.com. 10 October 2012. Retrieved 14 November 2012.

    External links

    http://en.wikipedia.org/wiki/SpaceShipTwo

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    Black Chicago Activists Attack Democratic Party, Black Leadership and Barack Obama — The Real Oppressors Are The Democrats — They Are Pushing a Neoliberal Agenda Not A Black Agenda — Emancipation Proclamation — I Have A Dream — “I’ve Been To The Mountaintop” — The Democrats Wipe Out Elections of 2014 — Videos

    Posted on October 28, 2014. Filed under: American History, Babies, Banking, Blogroll, Books, Business, College, Constitution, Corruption, Crime, Crisis, Culture, Demographics, Disease, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, Genocide, government, government spending, Health Care, history, Illegal, Immigration, Investments, Law, liberty, Life, Links, Literacy, media, Monetary Policy, Money, Music, Non-Fiction, People, Philosophy, Photos, Politics, Press, Public Sector, Radio, Rants, Raves, Regulations, Strategy, Talk Radio, Tax Policy, Unions, Video, War, Wealth, Welfare | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , |

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    The Pronk Pops Show Podcasts

    Pronk Pops Show 358: October 28, 2014

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    Story 1: Black Chicago Activists Attack Democratic Party, Black Leadership and Barack Obama — The Real Oppressors Are The Democrats — They Are Pushing a Neoliberal Agenda Not A Black Agenda — Emancipation Proclamation — I Have A Dream — “I’ve Been To The Mountaintop” — The Democrats Wipe Out Elections of 2014 — Videos

    Chicago Activists Unchained, Destroy Black Leadership

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    ZoNation: Black Lives Matter, So They Should Vote Republican

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    Black activist legend: “Reclaim your mind, be an individual”

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    Martin Luther King, Jr. I Have A Dream Speech

    Martin Luther King’s Last Speech: “I’ve Been To The Mountaintop”

    ZoNation: What Can Republicans Do for the Black Community?

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    RUSH: 2014 Midterms Is Gonna Be A ‘WAVE’ Election Like 2010

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    Economic, Political Discontent Make for a Midterm Double Punch

    By Gary Langer

    Oct 28, 2014 7:00am

    A double punch of economic and political dissatisfaction marks public attitudes in the closing week of the 2014 midterm campaign – a dynamic that reflects poorly on the president’s performance, bolstering his Republican opponents.

    The discontent in the latest ABC News/Washington Post poll is palpable. Despite its fitful gains, seven in 10 Americans rate the nation’s economy negatively and just 28 percent say it’s getting better. In a now-customary result, 68 percent say the country’s seriously off on the wrong track.

    See PDF with full results, charts and tables here

    5 Questions About the Midterm Elections Answered

    There’s no respite politically. Six in 10 express little or no trust in the federal government to do what’s right. Fifty-three percent think its ability to deal with the country’s problems has worsened in the last few years; among likely voters that rises to 63 percent.

    Views of the president’s performance suffer in kind. Barack Obama’s job approval rating, 43 percent overall, is virtually unchanged from his career-low 40 percent two weeks ago. A steady 51 percent disapprove, essentially the same all year. His ratings on the economy – still the country’s prime concern, albeit one of many – are similarly weak, a 10-point net negative score.

    These elements appear poised to depress voting by dispirited Democrats, tipping the scale to customarily higher-turnout Republicans. Disapproval of Obama reaches 56 percent among likely voters, and three in 10 say they’ll show up at the polls to express opposition to him – twice as many as say they’ll vote to show him support.

    The result is a 50-44 percent Republican advantage among likely voters in preference for U.S. House seats in this poll, produced for ABC by Langer Research Associates. That compares with a +3-point Democratic tally among all registered voters, showing how differential turnout shifts the balance.

    EXPECTATIONS and DISAFFECTION

    Other results may be equally cheering to the GOP.  While the unpredictable nature of key Senate races makes it premature to be measuring for drapes in leadership offices, Americans by 13 points, 46-33 percent, expect the Republicans to win control. By nine points, 32-24 percent, more also call a good rather than a bad thing.

    Four in 10, though, say who’s in control won’t make much difference – one sign of the more general public annoyance any incoming leaders are likely to face.

    Disaffection may impact participation, as well. Just 68 percent of registered voters say they’re closely following the midterms, well down from 76 percent at about this time in 2010 and 80 percent in 2006. The share saying they’re certain to vote (or already voted), 65 percent, likewise is down, from 71 percent in 2010 and 76 percent in 2006. Actual turnout is lower still.

    There’s another turn-off for prospective voters: the tone of the midterm campaigns. Americans by 2-1, 50 vs. 26 percent say the candidates in their congressional district have been mainly attacking each other rather than discussing the issues. The remaining quarter has no opinion, suggesting they’ve just tuned it all out.

    When not firing salvos, campaigns have been working the phones: About one in four likely voters, 27 percent, say they’ve been personally contacted by an individual or organization working to support a House or Senate candidate. About equal numbers say they’ve been contacted on behalf of Republican vs. Democratic candidates; most by far have been contacted by both. No partisan advantage is apparent, suggesting a stalemate, at least overall, in this element of political trench warfare.

    OBAMA

     

    Midterms often are seen as referendums on the president, especially given the customary six-year itch. So it is with Obama: This year on average has been his worst in overall job approval since he took office, and it’s the first year a majority has disapproved.

    Among groups, 2014 marks the first year Obama has averaged less-than-majority approval among moderates (48 percent this year so far), as well as approval only in the 30s among independents (37 percent on average). He’s averaged 33 percent approval among whites and 65 percent among nonwhites in 2014 – a vast difference, but both annual lows since he took office.

    Obama’s troubles help explain another result – a 42-37 percent edge among likely voters for the Republican Party over the Democrats to handle the country’s main problems. Even among all adults, there’s just a 2-point gap between the parties on this question.

    VOTING GROUPS

    The results in congressional vote preference include notable divisions among groups. While Democratic candidates are a scant +5 among women, that turns to a 17-point Republican lead among men. Republican candidates likewise lead by a hefty 17 points among political independents. And while Democrats are +12 points among moderates, the GOP comes back with a vast 61-point advantage among conservatives, who rival moderates in their share of likely voters.

    The Democrats have a typical lead among nonwhites, but they often also look to college-educated white women as key supporters. This year they’re only running evenly in that group, while losing 66 percent of white men and 57 percent of white women who lack a college degree.

    Attitudinal groups also mark the GOP advantage. Democratic candidates lead by 71-24 percent among those who say the government’s ability to deal with problems has held steady or improved in recent years – but Republicans have nearly as large an advantage among those who say this has worsened, and there are far more of them. Republican candidates lead broadly, as well, among those who rate economic conditions negatively – again, the predominant group.

    For all this, another result points to a lost opportunity for the Democrats. Seventy-one percent of all adults in this survey, and two-thirds of likely voters, think the U.S. economic system favors the wealthy rather than treating most people fairly. And likely voters who see a systemic bias for the wealthy prefer Democratic candidates over Republicans by a 20-point margin.

    The tide turns because the minority who thinks the system is fair favors Republican candidates far more broadly – by 47 points, 72-25 percent. It’s an issue on which Democrats may find room to push back – if not this year, then in the presidential election two years off.

    METHODOLOGY

    This ABC News/Washington Post poll was conducted by telephone Oct. 23-26, 2014, in English and Spanish, among a random national sample of 1,204 adults, including 1,032 registered voters and 758 likely voters, including landline and cell-phone-only respondents. Results have a margin of sampling error of 3.0, 3.5 and 4.0 points for the general population, registered voters and likely voters, respectively, including the design effect.

    Partisan divisions in this survey, Democrats-Republicans-independents, are 32-24-36 percent among the general population, 35-26-33 percent among registered voters and 33-30-31 percent among likely voters.

    ap voting mt 141027 16x9 608 Economic, Political Discontent Make for a Midterm Double Punch

    Kent D. Johnson/Atlanta Journal-Constitution/AP Photo

    The survey was produced for ABC News by Langer Research Associates of New York, N.Y., with sampling, data collection and tabulation by Abt-SRBI of New York, N.Y.

    http://abcnews.go.com/blogs/politics/2014/10/economic-political-discontent-make-for-a-midterm-double-punch/

     

    The Pronk Pops Show Podcasts Portfolio

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    All Fifty States Should Institute A Mandatory 21-Day Quarantine For American Citizens Coming From Ebola Infected Countries and Isolation in A Hospital If You Have Any of Ebola Symptoms and Stop Issuing Visas and Ban Travelers From Guinea, Liberia and Sierra Leone — Send In The Clowns — Hillary Clinton Big Government Collectivist On Minimum Wages and Job Creation — Videos

    Posted on October 28, 2014. Filed under: American History, Banking, Books, Business, Communications, Constitution, Corruption, Crisis, Culture, Documentary, Economics, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, government, government spending, Health Care, Heroes, history, Illegal, Immigration, Inflation, Investments, Law, liberty, Life, Links, Literacy, media, Medicine, Monetary Policy, Money, Music, Non-Fiction, Obamacare, People, Philosophy, Photos, Politics, Radio, Rants, Raves, Regulations, Security, Strategy, Talk Radio, Tax Policy, Unemployment, Video, War, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , |

    Project_1

    The Pronk Pops Show Podcasts

    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

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    Story 1: All Fifty States Should Institute A Mandatory  21-Day Quarantine For American Citizens Coming From Ebola Infected Countries and Isolation in A Hospital If You Have Any of Ebola Symptoms and Stop Issuing Visas and Ban Travelers From Guinea, Liberia and Sierra Leone — Send In The Clowns — Hillary Clinton Big Government Collectivist On Minimum Wages and Job Creation — Videos

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    Understand Quarantine and Isolation

    People can be infected with dangerous diseases in a number of ways. Some germs, like those causing malaria, are passed to humans by animals. Other germs, like those that cause botulism, are carried to people by contaminated food or water. Still others, like the ones causing measles, are passed directly from person to person. These diseases are called “contagious”.

    Contagious diseases that pose a health risk to people have always existed. While the spread of many of these diseases has been controlled through vaccination and other public health efforts, avian influenza (“bird flu”) and terrorist acts worldwide have raised concerns about the possibility of a disease risk. That makes it important for people to understand what can and would be done to protect the public from the spread of dangerous contagious diseases.

    The CDC applies the term “quarantine” to more than just people. It also refers to any situation in which a building, conveyance, cargo, or animal might be thought to have been exposed to a dangerous contagious disease agent and is closed off or kept apart from others to prevent disease spread.

    The Centers for Disease Control and Prevention (CDC) is the U.S. government agency responsible for identifying, tracking, and controlling the spread of disease. With the help of the CDC, state and local health departments have created emergency preparedness and response plans. In addition to early detection, rapid diagnosis, and treatment with antibiotics or antivirals, these plans use two main traditional strategies —quarantine and isolation— to contain the spread of illness. These are common health care practices to control the spread of a contagious disease by limiting people’s exposure to it.

    The difference between quarantine and isolation can be summed up like this:

    • Isolation applies to persons who are known to be ill with a contagious disease.
    • Quarantine applies to those who have been exposed to a contagious disease but who may or may not become ill.

    Definitions

    Infectious disease: a disease caused by a microorganism and therefore potentially infinitely transferable to new individuals. May or may not be communicable. Example of non communicable is disease caused by toxins from food poisoning or infection caused by toxins in the environment, such as tetanus.

    Communicable disease: an infectious disease that is contagious and which can be transmitted from one source to another by infectious bacteria or viral organisms.

    Contagious disease: a very communicable disease capable of spreading rapidly from one person to another by contact or close proximity.

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    http://www.bt.cdc.gov/preparedness/quarantine/

     

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    Understand Quarantine and Isolation: Questions & Answers

    Questions & Answers

    When someone is known to be ill with a contagious disease, they are placed in isolation and receive special care, with precautions taken to protect uninfected people from exposure to the disease.

    When someone has been exposed to a contagious disease and it is not yet known if they have caught it, they may be quarantined or separated from others who have not been exposed to the disease. For example, they may be asked to remain at home to prevent further potential spread of the illness. They also receive special care and observation for any early signs of the illness.

    How long can quarantine and isolation last? What is done to help the people who experience isolation or quarantine?

    The list of diseases for which quarantine or isolation is authorized is specified in an Executive Order of the President. This list currently includes cholera, diphtheria, infectious tuberculosis, plague, smallpox, yellow fever, viral hemorrhagic fevers (Lassa, Marburg, Ebola, Crimean-Congo, South American, and others not yet isolated or named), Severe Acute Respiratory Syndrome (SARS), and influenza caused by novel or reemergent influenza viruses that are causing, or have the potential to cause, a pandemic.

    Isolation

    Isolation would last for the period of communicability of the illness, which varies by disease and the availability of specific treatment. Usually it occurs at a hospital or other health care facility or in the person’s home. Typically, the ill person will have his or her own room and those who care for him or her will wear protective clothing and take other precautions, depending on the level of personal protection needed for the specific illness.

    In most cases, isolation is voluntary; however, federal, state and local governments have the authority to require isolation of sick people to protect the public.

    Quarantine

    Modern quarantine lasts only as long as necessary to protect the public by (1) providing public health care (such as immunization or drug treatment, as required) and (2) ensuring that quarantined persons do not infect others if they have been exposed to a contagious disease.

    Modern quarantine is more likely to involve limited numbers of exposed persons in small areas than to involve large numbers of persons in whole neighborhoods or cities.

    Quarantined individuals will be sheltered, fed, and cared for at home, in a designated emergency facility, or in a specialized hospital, depending on the disease and the available resources. They will also be among the first to receive all available medical interventions to prevent and control disease, including:

    • Vaccination.
    • Antibiotics.
    • Early and rapid diagnostic testing and symptom monitoring.
    • Early treatment if symptoms appear.

    The duration and scope of quarantine measures would vary, depending on their purpose and what is known about the incubation period (how long it takes for symptoms to develop after exposure) of the disease-causing agent.

    Examples

    A few hours for assessment. Passengers on airplanes, trains or boats believed to be infected with or exposed to a dangerous contagious disease might be delayed for a few hours while health authorities determine the risk they pose to public health. Some passengers may be asked to provide contact information and then released while others who are ill are transported to where they can receive medical attention. There have been a few instances where state and local public health authorities have imposed a brief quarantine at a public gathering, such as a shelter, while investigating if one or more people may be ill.

    Enough time to provide preventive treatment or other intervention. If public health authorities determine that a passenger or passengers on airplanes, trains or boats are sick with a dangerous contagious disease, the other passengers may be quarantined in a designated facility where they may receive preventive treatment and have their health monitored.

    For the duration of the incubation period. If public health officials determine that one or more passenger on airplanes, trains or boats are infected with a contagious disease and that passengers sitting nearby may have had close contact with the infected passenger(s), those at risk might be quarantined in a designated facility, observed for signs of illness and cared for under isolation conditions if they become ill.

    When would quarantine and isolation be used and by whom?

    If people in a certain area were potentially exposed to a contagious disease, this is what would happen: State and local health authorities would let people know that they may have been exposed and would direct them to get medical attention, undergo diagnostic tests, and stay at home, limiting their contact with people who have not been exposed to the disease. Only rarely would federal, state, or local health authorities issue an “order” for quarantine and isolation.

    However, both quarantine and isolation may be compelled on a mandatory basis through legal authority as well as conducted on a voluntary basis.

    States have the authority to declare and enforce quarantine and isolation within their borders. This authority varies widely, depending on state laws. It derives from the authority of state governments granted by the U.S. Constitution to enact laws and promote regulations to safeguard the health and welfare of people within state borders.

    Further, at the national level, the CDC may detain, medically examine or conditionally release persons suspected of having certain contagious diseases. This authority applies to individuals arriving from foreign countries, including Canada and Mexico, on airplanes, trains, automobiles, boats or by foot. It also applies to individuals traveling from one state to another or in the event of “inadequate local control.”

    The CDC regularly uses its authority to monitor passengers arriving in the United States for contagious diseases. In modern times, most quarantine measures have been imposed on a small scale, typically involving small numbers of travelers (airline or cruise ship passengers) who have curable diseases, such as infectious tuberculosis or cholera. No instances of large-scale quarantine have occurred in the U.S. since the “Spanish Flu” pandemic of 1918-1919.

    Based on years of experience working with state and local partners, the CDC anticipates that the need to use its federal authority to involuntarily quarantine a person would occur only in rare situations—for example, if a person posed a threat to public health and refused to cooperate with a voluntary request.

    Definitions

    For more information, see the CDC’s “Fact Sheet on Legal Authorities for Isolation/Quarantine”.

    Infectious disease: a disease caused by a microorganism and therefore potentially infinitely transferable to new individuals. May or may not be communicable. Example of non communicable is disease caused by toxins from food poisoning or infection caused by toxins in the environment, such as tetanus.

    Communicable disease: an infectious disease that is contagious and which can be transmitted from one source to another by infectious bacteria or viral organisms.

    Contagious disease: a very communicable disease capable of spreading rapidly from one person to another by contact or close proximity.

    http://www.bt.cdc.gov/preparedness/quarantine/qa.asp

     

    White House Pushes Back on State Ebola Quarantines

    COLLEEN MCCAIN NELSON,
    MELANIE GRAYCE WEST and
    BETSY MCKAY

    The White House pushed back against the governors of New York, New Jersey, Illinois and other states that instituted procedures to forcibly quarantine medical workers returning from West Africa, deepening an emotional debate brought on by recent Ebola cases in the U.S.

    A senior administration official said Sunday that new federal guidelines under development would protect Americans from imported cases of the disease but not interfere with the flow of U.S. health workers to and from West Africa to fight the epidemic there.

    “We have let the governors of New York, New Jersey and other states know that we have concerns with the unintended consequences… [that quarantine] policies not grounded in science may have on efforts to combat Ebola at its source,” the official said.

    Betsy McKay joins the News Hub with the latest on the spread of the Ebola virus and efforts to contain it in the U.S. Photo: University of Texas at Arlington/AP.

    It wasn’t clear what action the Obama administration could take to end the quarantines.

    New York Gov. Andrew Cuomo on Sunday night gave the first new details about how his state’s quarantine would work, noting that individuals would be allowed to stay in their homes for 21 days. State and local health-care workers would check on quarantined people twice a day to monitor for Ebola symptoms. Those with symptoms would be taken to a hospital. People whose jobs won’t compensate them during their quarantine would be paid by the state.

    Travelers who have had no direct contact with Ebola patients wouldn’t be subject to confinement at home, but they would be consulted twice-daily by health officials over the three-week period.

    New York officials said the new protocols still went further than those recommended by the federal government.

    “My personal practice is to err on the side of caution,” said Mr. Cuomo. Asked if he got White House pressure to shape the policy, Mr. Cuomo said: “I have had none.”

    The New York quarantine policy appears designed to strike a different tone from New Jersey, where Kaci Hickox, a 33-year-old Doctors Without Borders nurse, has been held in a tent in a Newark hospital for three days under conditions that she said Sunday were “really inhumane.”

    New Jersey state officials said late Sunday night that they wouldn’t change their protocols, which allowed for home quarantine. A New Jersey resident who has no symptoms but has come into contact with someone with Ebola would be quarantined at home. Non-residents would be transported to their homes if feasible, or quarantined in New Jersey if not.

    Ms. Hickox, who lives in Maine, has retained lawyers to challenge her quarantine. One of those lawyers, Norman Siegel, a prominent civil rights attorney, said the quarantine policy infringed on her constitutional rights.

    New Jersey Gov. Chris Christie held firm on his decision to quarantine returning health-care workers. “I absolutely have no second thoughts about it,” he said on Fox News.

    Mr. Cuomo’s announcement on Sunday was made with New York Mayor Bill de Blasio , who had criticized how Ms. Hickox was treated. “State governments have the right to make decisions. But this hero coming back from the front, having done the right thing, was treated with disrespect,” Mr. de Blasio told reporters.

    Mr. Christie said Saturday that “I’m sorry if in any way she was inconvenienced, but inconvenience that could occur from having folks that are symptomatic and ill out amongst the public is a much, much greater concern of mine. So certainly nothing was done intentionally to try to inconvenience her or try to make her uncomfortable.”

    Although Mr. Cuomo’s policy appears different from New Jersey’s handling of a quarantine case, the White House declined to comment on the New York measures beyond reiterating the principles guiding its own decision-making.

    Ebola has killed nearly 5,000 people in West Africa. Nine people have been treated for the virus in the U.S., four of whom either became ill or were infected here. One died.

    President Barack Obama convened a meeting of top public health and national security advisers on Sunday to discuss the issue.

    Federal, state and local officials are grappling with ways to quell anxiety and protect the public. The different approaches they are taking reflect the layered public health system in the U.S. State and local authorities hold most quarantine powers, while the federal government’s power is more limited, according to legal experts.

    The federal government technically could find an argument for challenging state decisions to impose quarantines, said Polly Price, professor at Emory University School of Law. “I could see an argument that there are interstate ramifications,” she said, such as economic disruption. But she said she thought it unlikely, given the political environment and public anxiety over Ebola.

    In most cases, the federal government can’t override state quarantines. The Centers for Disease Control and Prevention has powers at ports of entry to the U.S., and can quarantine people who are traveling between states and have infectious diseases such as tuberculosis. Ebola, which can’t be spread through the air, isn’t considered as infectious.

    New York Governor Andrew Cuomo, left, and New Jersey Governor Chris Christie announced a mandatory quarantine for “high risk” people returning to the U.S. through airports in New York and New Jersey. ENLARGE
    New York Governor Andrew Cuomo, left, and New Jersey Governor Chris Christie announced a mandatory quarantine for “high risk” people returning to the U.S. through airports in New York and New Jersey. ASSOCIATED PRESS

    Craig Spencer, a New York doctor diagnosed Thursday with Ebola after his return from West Africa, appeared to have played a part in the quarantine moves by New Jersey and New York. He was reported in serious but stable condition Sunday at Bellevue Hospital Center in Manhattan.

    The Christie administration believes it would win any legal challenge because state law is clear on the government’s ability to quarantine people in public-health emergencies, said a New Jersey state official familiar with the new policy.

    During a campaign stop in Florida Sunday, Mr. Christie said that no federal officials had reached out to him about revising the mandatory quarantine.

    Christie administration officials knew that public-health experts would disagree with their decision but decided they wanted a broad, tough policy that would calm people’s fears, a Christie official said.

    Mr. Cuomo said last week that he consulted with the Centers for Disease Control and Prevention before launching the mandatory-quarantine policy, but Christie administration officials didn’t, a Christie spokesman said.

    Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, part of the National Institutes of Health, said Sunday that the administration is considering a risk-based monitoring system that would elevate the required supervision of health-care workers returning from West African nations.

    But he said the protocols would stop short of a mandatory, 21-day isolation of health-care workers that several states have imposed, which risks deterring volunteers heading to Africa to fight the disease.

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    “You fashion what you do with them according to the risk,” Dr. Fauci said Sunday morning on NBC. “One of the ways you can mitigate against this issue is by…different types of monitoring.”

    Supervision would ratchet up from passive monitoring—individuals regularly taking their temperatures—to “direct active” monitoring, where those who are deemed high-risk are checked by medical workers, he said on NBC.

    Scientists say that people who aren’t showing symptoms of Ebola don’t transmit the disease, and Dr. Fauci said other steps besides a mandatory quarantine could ensure public safety. Telling health-care workers that upon returning from West Africa “you still have 21 days out of your life where you can’t move, I think, will have unintended negative consequences,” he said.

    Legal experts disagreed on Ms. Hickox’s ability to successfully challenge her quarantine.

    Lawrence Gostin, a Georgetown University professor who leads the O’Neill Institute for National and Global Health Law, and is offering help to Ms. Hickox, said she has two main ways to contest her quarantine. The policy in New Jersey applies to a class of people and there “was no individualized assessment of her individual risk,” he said.

    The second possible avenue is to argue she wasn’t quarantined in a humane health environment.

    “Because this is not a prison sentence, the person has not been convicted. It’s civil and so you’re not supposed to punish them,” said Mr. Gostin.

    Mr. Gostin said this was the first time in his memory where such a quarantine was implemented.

    But Michael C. Dorf, a professor at Cornell University Law School, said there may not be a sound legal case to challenge a quarantine. The state laws used to implement mandatory quarantines in New York, New Jersey and Illinois are clear and “there is no serious doubt about the affirmative power of either the states and the federal government to quarantine,” Mr. Dorf said

     

    http://online.wsj.com/articles/christie-defends-mandatory-ebola-quarantine-for-health-care-workers-1414335046?mod=WSJ_hpp_sections_health

     

    Army major general, troops quarantined after Ebola aid trip

    By Barbara Starr,

    Army Major General Darryl A. Williams, commander of U.S. Army Africa, and approximately 10 other personnel are now in “controlled monitoring” in Italy after returning there from West Africa over the weekend, according to multiple U.S. military officials.

    The American personnel are effectively under quarantine, but Pentagon officials declined to use that terminology.

    Williams’ plane was met on the ground by Italian authorities “in full CDC gear,” the official said, referring to the type of protective equipment worn by U.S. health care workers.

    There is no indication at this time any of the team have symptoms of Ebola.

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    They will be monitored for 21 days at a “separate location” at the U.S. military installation at Vicenza Italy, according to U.S. military officials. Senior Pentagon officials say it is not a “quarantine,” but rather “controlled monitoring.” However, the troops are being housed in an access controlled location on base, and are not allowed to go home for the 21 day period while they undergo twice daily temperature checks.

    It is not clear yet if they will be allowed visits from family members.

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    Williams and his team have been in West Africa for 30 days, to set up the initial U.S. military assistance there and have traveled extensively around Liberia. The team was in treatment and testing areas during their travels.

    Speaking to reporters two weeks ago while he was still overseas in Liberia, Williams spoke of the extensive monitoring that he was given.

    U.S. troops join Ebola fight

    “We measure, while we’re here — twice a day, are monitoring as required by the recent guidance that was put out while we’re here in Liberia. I — yesterday, I had my temperature taken, I think, eight times, before I got on and off aircraft, before I went in and out of the embassy, before I went out of my place where I’m staying,” William said during the October 16 press conference.

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    “As long as you exercise basic sanitation and cleanliness sort of protocols using the chlorine wash on your hands and your feet, get your temperature taken, limiting the exposure, the — no handshaking, those sorts of protocols, I think the risk is relatively low.”

    Officials could not explain why the group was being put under into controlled monitoring, which is counter to the Pentagon policy. The current DOD policy on monitoring returning troops says “as long as individuals remain asymptomatic, they may return to work and routine daily activities with family members.”

    White House Press Secretary Josh Earnest said Monday that the Defense Department “has not issued a policy related to their workers that have spent time in West Africa.”

    “I know that there was this decision that was made by one commanding officer in the Department of Defense, but it does not reflect a department-wide policy that I understand is still under development,” Earnest said.

    The Pentagon has, though, published plans that detail how it will handle troops who are deployed to the region — including potential quarantines.

    Jessica L. Wright, the undersecretary of Defense for personnel and readiness, issued an Oct. 10 memo that said troops who have faced an elevated risk of exposure to Ebola will be quarantined for 21 days — and that those who haven’t faced any known exposure will be monitored for three weeks.

    Wright’s memo also lays out the Pentagon’s plans to train troops before they’re sent to West Africa and to monitor them during their deployment to the epicenter of the Ebola outbreak.

    Pressed again during his briefing Monday, Earnest said it’s up to the Defense Department to announce its policies for troops that return from the region.

    “We are seeing this administration put in place the policies that we believe are necessary to protect the American people and to protect the American troops,” he said. “And we’re going to let science drive that process. And as soon as we have a policy to announce on this, we’ll let you know.”

    http://www.cnn.com/2014/10/27/politics/soldiers-monitored-ebola/index.html?hpt=hp_t1

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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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

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    The Pronk Pops Show Podcasts

    Pronk Pops Show 343: October 3, 2014

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    Pronk Pops Show 340: September 30, 2014

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    Pronk Pops Show 338: September 26, 2014

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    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

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    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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    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 332: September 18 2014

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    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

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    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

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    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
    Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
    Current release  Other formats: Screen reader | ASCII | PDF (21 KB)


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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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    George J. Borjas — Heaven’s Door: Immigration Policy and The American Economy — Videos

    Posted on July 22, 2014. Filed under: American History, Blogroll, College, Communications, Data, Demographics, Diasters, Economics, Education, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, history, History of Economic Thought, Illegal, Immigration, Investments, Language, Law, Legal, liberty, Life, Literacy, Macroeconomics, media, Microeconomics, People, Philosophy, Photos, Politics, Rants, Raves, Regulations, Talk Radio, Tax Policy, Technology, Unemployment, Video, Wealth, Welfare, Wisdom, Writing | Tags: , , , , , , , , |

    george_borjas

    George J. Borjas: Costs of Immigration – Economics Roundtable

    The Implications of Economics for Immigration Policy

    The 2012 Richard Grandin Shepherd Lecture in Economics at Kenyon College by George Borjas

    .@fordschool – Immigration, Public Policy, and the Skills Debate Panel

     

     

    George J. Borjas

    From Wikipedia, the free encyclopedia
    George J. Borjas
    Born Jorge Jesus Borjas
    October 15, 1950 (age 63)
    Havana, Cuba
    Residence Lexington, Massachusetts
    Citizenship American
    Fields Economist
    Institutions Harvard Kennedy School
    Alma mater St. Peter’s College
    Columbia University
    Known for research on immigration

    George Jesus Borjas (born Jorge Jesus Borjas; October 15, 1950)[1] is an American economist and the Robert W. Scrivner Professor of Economics and Social Policy at the Harvard Kennedy School.[2] He is most well known for his advocacy of reducing the rates of immigration to the United States.

    Personal life and education

    Borjas was born in Havana, Cuba on October 15, 1950. He migrated to the United States in October, 1962 with his mother. He graduated with a B.S. in economics and mathematics from St. Peter’s College in 1971. He then completed his M.A. in economics from Columbia University in 1974. He completed his M.Phil and Ph.D. in economics from Columbia in 1975 for thesis titled Job Investment, Labor Mobility and Earnings.[3]

    He is married and has three children.[3]

    Academic career

    Borjas became an assistant professor of economics at Queens College, City University of New York from 1975 to 1977. He was a post-doctoral fellow at the Department of Economics, University of Chicago from 1977 to 1978. He was also a Senior Research Analyst, National Bureau of Economic Research from 1972 to 1978.[3]

    He joined the faculty at the University of California, Santa Barbara in 1980 and remained there for ten years. He then became a professor at the University of California, San Diego from 1990 to 1995. He joined the faculty at Harvard University in 1995.[3]

    Work

    Borjas was called ‘America’s leading immigration economist’ by BusinessWeek and The Wall Street Journal. He is an influential figure in the debate on immigration and his research on the economic impact of immigration plays a central role in the debate over immigration policy in the United States.[1]

    He has written many books and has published more than 100 articles in books and scholarly journals, including the American Economic Review, the Journal of Political Economy, and the Quarterly Journal of Economics.[2] His most recent book is Immigration Economics (Cambridge, MA: Harvard University Press, 2014).

    Honors

    Borjas was listed in Who’s Who in the World, Who’s Who in America, Who’s Who in Finance and Industry and Who’s Who in Economics. He was elected a fellow of the Econometric Society in 1998 and a fellow of the Society of Labor Economists in 2004. He was also a member of the Council of Economic Advisors for the Governor of California from 1993 to 1998, of the National Academy of Sciences Panel on the Demographic and Economic Impact of Immigration from 1995 to 1997, and chaired the National Science Foundation’s Committee of Visitors for the Economics Program in 1996.[2]

    In 2011 he was named co-winner of the IZA Prize in Labor Economics.[4]

    Books

    The following are the books published by Borjas.

    • Wage Policy in the Federal Bureaucracy (American Enterprise Institute, 1980)
    • Friends or Strangers: The Impact of Immigrants on the U.S. Economy (Basic Books, 1990)
    • Labor Economics (McGraw-Hill, 1996; 2nd Edition, 2000, 3rd edition, 2005, 4th edition, 2008, 5th edition, 2010,)
    • Heaven’s Door: Immigration Policy and the American Economy (Princeton University Press, 1999)

    References

    1. Davis, Bob (April 26, 1996). “Despite His Heritage, Prominent Economist Backs Immigration Cut”. The Wall Street Journal. Retrieved 2008-06-30.[dead link]
    2. “Biography of George J. Borjas”. Harvard University. Retrieved 2008-06-30.[dead link]
    3. “Curriculum Vitae of George J. Borjas” (pdf). Harvard University. Retrieved 2008-06-30.
    4. George Borjas Named Co-Winner of 2011 IZA Prize in Labor Economics Harvard Kennedy School, July 21, 2011. Retrieved December 1, 2012

    External links

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    Militarization of Police Departments and SWAT Team in America — Who is the enemy? The American People — War on Drugs — War on Terror — War on Americans — Videos

    Posted on June 28, 2014. Filed under: American History, Blogroll, Business, College, Communications, Computers, Drones, Economics, Education, Employment, Family, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government spending, history, Investments, Law, liberty, Life, media, People, Philosophy, Pistols, Politics, Psychology, Rants, Raves, Regulations, Resources, Rifles, Talk Radio, Tax Policy, Technology, Terrorism, Unemployment, Video, War, Weapons, Welfare, Wisdom, Writing | Tags: , , , , , , , , |

     

    Obama Expands Militarization of Police

    Are Police Declaring War on Americans?

    RISE Of The WARRIOR COP: The Militarization Of America’s Police Forces

    Radley Balko on The Militarized Police State

    MILITARIZATION OF POLICE – PENTAGON is ARMING the U.S. POLICE with MRAP Military COMBAT VEHICLE’s

     

    Barney Fife Meets Delta Force 

    Hypermilitarized police departments are more dangerous than whatever they fight. 

     

    Nestled awkwardly among the usual guff, the outrage website Salon this week took a welcome flyer and accorded space to something genuinely alarming. “A SWAT team,” the headline screamed, “blew a hole in my 2-year-old son.” For once, this wasn’t hyperbole.

    The piece’s author, Alecia Phonesavanh, described what it felt like to be on the business end of an attack that was launched in error by police who believed a drug dealer to be living and operating in her house. They “threw a flashbang grenade inside,” she reported. It “landed in my son’s crib.” Now, her son is “covered in burns” and has “a hole in his chest that exposes his ribs.” So badly injured was he by the raid that he was “placed into a medically induced coma.” “They searched for drugs,” Phonesavanh confirmed, but they “never found any.” Nor, for that matter, did they find the person they were looking for. He doesn’t live there. “All of this,” she asks, “to find a small amount of drugs?”

     

    Historians looking back at this period in America’s development will consider it to be profoundly odd that at the exact moment when violent crime hit a 50-year low, the nation’s police departments began to gear up as if the country were expecting invasion — and, on occasion, to behave as if one were underway. The ACLU reported recently that SWAT teams in the United States conduct around 45,000 raids each year, only 7 percent of which have anything whatsoever to do with the hostage situations with which those teams were assembled to contend. Paramilitary operations, the ACLU concluded, are “happening in about 124 homes every day — or more likely every night” — and four in five of those are performed in order that authorities might “search homes, usually for drugs.” Such raids routinely involve “armored personnel carriers,” “military equipment like battering rams,” and “flashbang grenades.”

     

    Were the military being used in such a manner, we would be rightly outraged. Why not here? Certainly this is not a legal matter. The principle of posse comitatus draws a valuable distinction between the national armed forces and parochial law enforcement, and one that all free people should greatly cherish. Still, it seems plain that the potential threat posed by a domestic standing army is not entirely blunted just because its units are controlled locally. To add the prefix “para” to a problem is not to make it go away, nor do legal distinctions change the nature of power. Over the past two decades, the federal government has happily sent weapons of war to local law enforcement, with nary a squeak from anyone involved with either political party. Are we comfortable with this?

    The Right’s silence on the issue is vexing indeed, the admirable attempts of a few libertarians notwithstanding. Here, conservatives seem to be conflicted between their rightful predilection for law and order — an instinct that is based upon an accurate comprehension of human nature and an acknowledgment of the existence of evil — and a well-developed and wholly sensible fear of state power, predicated upon precisely the same thing. As of now, the former is rather dramatically winning out, leading conservatives to indulge — or at least tacitly to permit — excuses that they typically reject elsewhere. Much as the teachers’ unions invariably attempt to justify their “anything goes” contracts by pointing to the ends that they ostensibly serve (“Well you do want schools for the children or don’t you? Sign here”), the increasingly muscular behavior of local police departments is often shrugged off as a by-product of the need to fight crime. This, if left unchecked, is a recipe for precisely the sort of carte blanche that conservatives claim to fear.

    Leaving aside the central moral question of the War on Drugs — which is whether the state should be responding to peaceful transactions and consensual behavior with violence — there is, it seems, considerable room between law enforcement’s turning a blind eye to the law and its aping the military in its attempt to uphold it. The cartels of Mexico and drug lords of America’s larger cities are one thing; but two-bit dealers and consumers of illicit substances are quite another. In the instance that Salon recorded, the person that authorities “were looking for, wasn’t there.” “He doesn’t even live in that house,” Phonesavanh confirmed. But suppose that he had, and that he’d been dealing drugs as charged? Does this alone make the case for the tactics? I suspect not. Instead, attempting to catch a violator in the act by releasing military vehicles full of machine-gun-wielding men, storming a home in the dead of night, and performing a no-knock raid that results in a two-year-old’s being pushed into a coma might, one suspects, be overkill — in many similar cases, literally so. The question for conservatives should be this: If cowboy poetry is no justification for federal intrusion, can drug dealing be said to serve as an open invitation for the deployment of the ersatz 101st?

    In the more febrile of the Right’s quarters, the sight of MRAPs being delivered to the chief of police in Westington, Mont., has given rise to all forms of regrettable silliness — to visions of black helicopters and reeducation camps and an America on the verge of being taken by force by the gun-toting rangers of the Fish and Wildlife Service. Nevertheless, a small amount of latent paranoia has served America well, and Chekhov’s advice that “one must not put a loaded rifle on the stage if no one is thinking of firing it” should be applied to governments as rigorously as to aspiring playwrights. Once the holders of the monopoly on violence are accorded the latest weaponry, there will always be the temptation to use it. Likewise, once one has taken the mental and linguistic leap of ascribing to domestic law enforcement the imprimatur of “war,” one may be inclined to reach for the trigger that little bit more quickly. The disaster at Waco, Texas, was, it seems, more cock-up than conspiracy. But the recognition in the aftermath that the whole bloody mess could have been avoided if local officers had taken the time to chat with the victims should haunt us to this day. Rushing in at 100 miles per hour rarely works out, whatever the ill that one is attempting to resolve.

    The Left’s current inclination is to spin offenses out of straw — having no major battles left to fight, it seeks to detect microaggressions; with overt bigotry so thin on the ground, the dog whistles have come out; and with the barriers to the Declaration’s maxim having been largely removed, the focus has shifted to the structural and the invisible. But first-degree burns and holes in the chest are different things altogether — not to be dismissed or downplayed — and that the issue is being raised by an outlet known for its absurdity should not dull its impact. Will the Right wake up to the threat, applying its usual mistrust of power to a favored group, or will its usually alert advocates leave themselves willfully in the dark until, one day, a flashbang with their name on it is tossed through the window to wake them up with a start?

     

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    State and Central Banking: Killing and Fleecing The People Massively — Financing War — Videos

    Posted on June 18, 2014. Filed under: American History, Banking, Blogroll, Communications, Constitution, Diasters, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Genocide, government, government spending, history, History of Economic Thought, Investments, Language, Law, liberty, Life, Links, Literacy, Macroeconomics, Microeconomics, Monetary Policy, Money, People, Philosophy, Rants, Raves, Regulations, Resources, Tax Policy, Taxes, Technology, Unemployment, Video, War, Wealth, Weapons, Welfare, Wisdom | Tags: , , , , , |

    lew_rockwell

    lew_rockwell

    Mises

    War and the Fed | Lew Rockwell

    Lew Rockwell explains how the Federal Reserve Enables War, Empire, and Destroys the Middle Class

    Economics and Moral Courage | Llewellyn H. Rockwell, Jr.

    The Misesian Vision | Llewellyn H. Rockwell, Jr.

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    The Obama Jobs Recession Continues — Labor Participation Rate of 62.8% with 145.8 Million Employed in May 2014 vs. 66% Labor Participation Rate with 146.6 Million Employed in November 2007 — Videos

    Posted on June 9, 2014. Filed under: Banking, Blogroll, Business, Communications, Data, Economics, Education, Employment, Federal Government Budget, Fiscal Policy, Illegal, Immigration, Inflation, Investments, IRS, Language, Law, Legal, Links, Monetary Policy, Money, Tax Policy, Taxes, Technology, Terrorism, Transportation, Unemployment, Unions, War, Wealth, Weather, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

     

    Project_1

    The Pronk Pops Show Podcasts

    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

    Pronk Pops Show 270: May 30, 2014 

    Pronk Pops Show 269: May 29, 2014

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    Story 1: The Obama Jobs Recession Continues — Labor Participation Rate of 62.8% with 145.8 Million Employed in May 2014 vs. 66% Labor Participation Rate with 146.6 Million Employed in November 2007 — Videos

    V.A. Scandal – New IG Report As Bad As You Thought Things Were, Is Worst! – Special Report Al Star

    The V.A. Scandal – Timeline Of President’s Role In Veterans Affairs Scandal – The Kelly File

    Cause of Veteran Suicide Epidemic Discovered (Infowars Special Report)

    Judge Jeanine Smoking HOT ➡ Exposes Obama’s Veterans Affairs Scandal ➡ In Epic Jeanine Style!

    June 6, 2014 – Business News – Financial News – Stock News –NYSE — Market News 2014

    El-Erian’s Three Quick Takeaways on the Jobs Report

    Daily Market Update – 6 June 2014 – Alpari UK

    Nightly Business Report — June 6, 2014

    Nightly Business Report: Jobs report preview

    Labor Secretary Dismisses Historical Drop in Labor Participation Rate

    Labor Force Participation Rate

    Labor participation rate is down to unprecedented levels

    BLS Commissioner Groshen on drop in job participation rate- “It’s certainly not a sign of strength.”

    Will The Unemployment Rate Stall

     

    Employment Level

    145,814,000

     

    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
    1 : Data affected by changes in population controls.

    Civilian Labor Force

    155,613,000

    Civilain Labor force

    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
    1 : Data affected by changes in population controls.

     

    Labor Participation Rate

    62.8%

    Labor Participation Rate

    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

    Unemployment Level

    9,799,000

    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

    Unemployment Rate U-3

    6.3%

    unemployment rate U 3

    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

    Unemployment Rate U-6

    12.2%

    unemployment rate u 6

    Employment Situation Summary

    Transmission of material in this release is embargoed until                    USDL-14-0987
    8:30 a.m. (EDT) Friday, June 6, 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 -- MAY 2014
    
    
    Total nonfarm payroll employment rose by 217,000 in May, and the unemployment rate was
    unchanged at 6.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment
    increased in professional and business services, health care and social assistance, food
    services and drinking places, and transportation and warehousing. 
    
    Household Survey Data
    
    The unemployment rate held at 6.3 percent in May, following a decline of 0.4 percentage
    point in April. The number of unemployed persons was unchanged in May at 9.8 million.
    Over the year, the unemployment rate and the number of unemployed persons declined by
    1.2 percentage points and 1.9 million, respectively. (See table A-1.)
    
    Among the major worker groups, the unemployment rates for adult men (5.9 percent),
    adult women (5.7 percent), teenagers (19.2 percent), whites (5.4 percent), blacks
    (11.5 percent), and Hispanics (7.7 percent) showed little or no change in May. The
    jobless rate for Asians was 5.3 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 declined by 218,000 in May. The number of unemployed reentrants increased by
    237,000 over the month, partially offsetting a large decrease in April. (Reentrants
    are persons who previously worked but were not in the labor force prior to beginning
    their current job search.) (See table A-11.)
    
    The number of long-term unemployed (those jobless for 27 weeks or more) was essentially
    unchanged at 3.4 million in May. These individuals accounted for 34.6 percent of the
    unemployed. Over the past 12 months, the number of long-term unemployed has declined by
    979,000. (See table A-12.)
    
    The civilian labor force participation rate was unchanged in May, at 62.8 percent.
    The participation rate has shown no clear trend since this past October but is down by 0.6
    percentage point over the year. The employment-population ratio, at 58.9 percent, was
    also unchanged in May and has changed little 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 7.3 million, changed little in May. These individuals
    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 May, 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 697,000 discouraged workers in May, 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 May 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 increased by 217,000 in May, with gains in professional
    and business services, health care and social assistance, food services and drinking
    places, and transportation and warehousing. Over the prior 12 months, nonfarm payroll
    employment growth had averaged 197,000 per month. (See table B-1.)
    
    Professional and business services added 55,000 jobs in May, the same as its average
    monthly job gain over the prior 12 months. In May, the industry added 7,000 jobs each in
    computer systems design and related services and in management and technical consulting.
    Employment in temporary help services continued to trend up (+14,000) and has grown by
    224,000 over the past year.
    
    In May, health care and social assistance added 55,000 jobs. The health care industry
    added 34,000 jobs over the month, twice its average monthly gain for the prior 12 months.
    Within health care, employment rose in May by 23,000 in ambulatory health care services
    (which includes offices of physicians, outpatient care centers, and home health care
    services) and by 7,000 in hospitals. Employment rose by 21,000 in social assistance,
    compared with an average gain of 7,000 per month over the prior 12 months.
    
    Within leisure and hospitality, employment in food services and drinking places continued
    to grow, increasing by 32,000 in May and by 311,000 over the past year.
    
    Transportation and warehousing employment rose by 16,000 in May. Over the prior 12
    months, the industry had added an average of 9,000 jobs per month. In May, employment
    growth occurred in support activities for transportation (+6,000) and couriers and
    messengers (+4,000).
    
    Manufacturing employment changed little over the month but has added 105,000 jobs over
    the past year. Within the industry, durable goods added 17,000 jobs in May and has
    accounted for the net job gain in manufacturing over the past 12 months.
    
    Employment in other major industries, including mining and logging, construction,
    wholesale trade, retail trade, information, financial activities, and government,
    showed little change over the month.
    
    The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5
    hours in May. The manufacturing workweek increased by 0.2 hour in May to 41.1 hours, and
    factory overtime was unchanged at 3.5 hours. The average workweek for production and
    nonsupervisory employees on private nonfarm payrolls was unchanged at 33.7 hours. (See
    tables B-2 and B-7.)
    
    In May, average hourly earnings for all employees on private nonfarm payrolls rose by
    5 cents to $24.38. Over the past 12 months, average hourly earnings have risen by 2.1
    percent. In May, average hourly earnings of private-sector production and nonsupervisory
    employees increased by 3 cents to $20.54. (See tables B-3 and B-8.)
    
    After revision, the change in total nonfarm employment for March remained +203,000, and the
    change for April was revised from +288,000 to +282,000. With these revisions, employment
    gains in March and April were 6,000 lower than previously reported.
    
    _____________
    The Employment Situation for June is scheduled to be released on Thursday, July 3, 2014,
    at 8:30 a.m. (EDT).
    
    
      ________________________________________________________________________________________
     |                                                                                        |
     |                       Upcoming Changes to the Establishment Survey Data                |
     |                                                                                        |
     |Effective with the release of July 2014 data on August 1, 2014, the establishment survey|
     |will implement new sample units into production on a quarterly basis, replacing the     |
     |current practice of implementing new sample units annually. There is no change to the   |
     |establishment survey sample design. More information about the quarterly sample         |
     |implementation is available at www.bls.gov/ces/cesqsi.htm.                              |
     |________________________________________________________________________________________|
    
    
    
    

     

    • Access to historical data for the “A” tables of the Employment Situation Release
    • Access to historical data for the “B” tables of the Employment Situation Release
    • HTML version of the entire news release
    • Employment Situation Summary Table A. Household data, seasonally adjusted

      HOUSEHOLD DATA
      Summary table A. Household data, seasonally adjusted

      [Numbers in thousands]

      Category May
      2013
      Mar.
      2014
      Apr.
      2014
      May
      2014
      Change from:
      Apr.
      2014-
      May
      2014

      Employment status

      Civilian noninstitutional population

      245,363 247,258 247,439 247,622 183

      Civilian labor force

      155,609 156,227 155,421 155,613 192

      Participation rate

      63.4 63.2 62.8 62.8 0.0

      Employed

      143,919 145,742 145,669 145,814 145

      Employment-population ratio

      58.7 58.9 58.9 58.9 0.0

      Unemployed

      11,690 10,486 9,753 9,799 46

      Unemployment rate

      7.5 6.7 6.3 6.3 0.0

      Not in labor force

      89,754 91,030 92,018 92,009 -9

      Unemployment rates

      Total, 16 years and over

      7.5 6.7 6.3 6.3 0.0

      Adult men (20 years and over)

      7.2 6.2 5.9 5.9 0.0

      Adult women (20 years and over)

      6.5 6.2 5.7 5.7 0.0

      Teenagers (16 to 19 years)

      24.1 20.9 19.1 19.2 0.1

      White

      6.6 5.8 5.3 5.4 0.1

      Black or African American

      13.5 12.4 11.6 11.5 -0.1

      Asian (not seasonally adjusted)

      4.3 5.4 5.7 5.3 -

      Hispanic or Latino ethnicity

      9.1 7.9 7.3 7.7 0.4

      Total, 25 years and over

      6.1 5.4 5.2 5.2 0.0

      Less than a high school diploma

      11.0 9.6 8.9 9.1 0.2

      High school graduates, no college

      7.4 6.3 6.3 6.5 0.2

      Some college or associate degree

      6.5 6.1 5.7 5.5 -0.2

      Bachelor’s degree and higher

      3.8 3.4 3.3 3.2 -0.1

      Reason for unemployment

      Job losers and persons who completed temporary jobs

      6,094 5,489 5,236 5,018 -218

      Job leavers

      944 815 784 875 91

      Reentrants

      3,326 3,037 2,620 2,857 237

      New entrants

      1,257 1,169 1,043 1,062 19

      Duration of unemployment

      Less than 5 weeks

      2,704 2,461 2,447 2,559 112

      5 to 14 weeks

      2,642 2,581 2,359 2,390 31

      15 to 26 weeks

      1,934 1,677 1,533 1,441 -92

      27 weeks and over

      4,353 3,739 3,452 3,374 -78

      Employed persons at work part time

      Part time for economic reasons

      7,917 7,411 7,465 7,269 -196

      Slack work or business conditions

      4,837 4,512 4,555 4,453 -102

      Could only find part-time work

      2,697 2,731 2,669 2,537 -132

      Part time for noneconomic reasons

      18,957 19,216 18,886 19,040 154

      Persons not in the labor force (not seasonally adjusted)

      Marginally attached to the labor force

      2,164 2,168 2,160 2,130 -

      Discouraged workers

      780 698 783 697 -

      - 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.

     

     

    ESTABLISHMENT DATA
    Summary table B. Establishment data, seasonally adjusted

    Category May
    2013
    Mar.
    2014
    Apr.
    2014(p)
    May
    2014(p)

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

    Total nonfarm

    199 203 282 217

    Total private

    222 200 270 216

    Goods-producing

    2 21 46 18

    Mining and logging

    4 4 8 2

    Construction

    5 13 34 6

    Manufacturing

    -7 4 4 10

    Durable goods(1)

    -2 14 6 17

    Motor vehicles and parts

    5.0 -0.5 0.3 5.0

    Nondurable goods

    -5 -10 -2 -7

    Private service-providing(1)

    220 179 224 198

    Wholesale trade

    7.7 7.8 16.2 9.9

    Retail trade

    34.7 28.9 43.1 12.5

    Transportation and warehousing

    -1.5 13.9 12.1 16.4

    Information

    -2 -1 1 -5

    Financial activities

    9 0 6 3

    Professional and business services(1)

    77 47 71 55

    Temporary help services

    23.3 22.1 16.0 14.3

    Education and health services(1)

    29 40 39 63

    Health care and social assistance

    18.9 34.9 28.5 54.9

    Leisure and hospitality

    53 31 24 39

    Other services

    12 9 13 4

    Government

    -23 3 12 1

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

    Total nonfarm women employees

    49.4 49.4 49.4 49.4

    Total private women employees

    48.0 48.0 48.0 48.0

    Total private production and nonsupervisory employees

    82.6 82.7 82.7 82.7

    HOURS AND EARNINGS
    ALL EMPLOYEES

    Total private

    Average weekly hours

    34.5 34.5 34.5 34.5

    Average hourly earnings

    $23.89 $24.32 $24.33 $24.38

    Average weekly earnings

    $824.21 $839.04 $839.39 $841.11

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

    98.5 100.1 100.4 100.6

    Over-the-month percent change

    0.5 0.7 0.3 0.2

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

    112.3 116.2 116.5 117.0

    Over-the-month percent change

    0.6 0.9 0.3 0.4

    HOURS AND EARNINGS
    PRODUCTION AND NONSUPERVISORY EMPLOYEES

    Total private

    Average weekly hours

    33.7 33.7 33.7 33.7

    Average hourly earnings

    $20.06 $20.48 $20.51 $20.54

    Average weekly earnings

    $676.02 $690.18 $691.19 $692.20

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

    106.0 107.8 108.1 108.3

    Over-the-month percent change

    0.2 1.1 0.3 0.2

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

    142.0 147.5 148.1 148.6

    Over-the-month percent change

    0.3 1.0 0.4 0.3

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

    Total private (264 industries)

    61.6 59.7 65.9 62.7

    Manufacturing (81 industries)

    48.8 53.7 53.7 55.6

    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

     

     

    37.2%: Percentage Not in Labor Force Remains at 36-Year High

    June 6, 2014 – 8:05 AM

    By Ali Meyer

    The percentage of American civilians 16 or older who do not have a job and are not actively seeking one remained at a 36-year high in May, according to the Bureau of Labor Statistics.

    In December, April, and now May, the labor force participation rate has been 62.8 percent. That means that 37.2 percent were not participating in the labor force during those months.

    Before December, the last time the labor force participation rate sunk as low as 62.8 percent was February 1978, when it was also 62.8 percent. At that time, Jimmy Carter was president.

    In April, the number of those not in the labor force hit a record high of 92,018,000. In May, that number declined by 9,000