But all that was last week. For the week ending 8/13, our Econoday-surveyed analysts are a little less optimistic, and are expecting 400,000 new claims. To check the accuracy of the prediction, we turn to the US Department of Labor's Unemployment Insurance Weekly Claims Report.
--Barry Asmus
The Required Disclosures
Thursday, August 18, 2011
FW: First Time Jobless Claims
But all that was last week. For the week ending 8/13, our Econoday-surveyed analysts are a little less optimistic, and are expecting 400,000 new claims. To check the accuracy of the prediction, we turn to the US Department of Labor's Unemployment Insurance Weekly Claims Report.
Consumer Price Index News Release
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Consumer Price Index
Wednesday, August 17, 2011
World News!
- With US Vice-President Joe Biden getting ready to arrive in China, our single largest sovereign debt holder has spelled out exactly what they want to hear from its debtor: "As the United States' largest foreign creditor, China has much at stake over US economic policy changes and a stable US dollar[1]. Therefore, Washington's handling of all the related issues in a responsible manner will contribute to the steady growth of China-US ties and the stable development of the world economy given the mounting concern about European and US debt woes and fragile global economic recovery."
- Remember the report from a couple of days ago, claiming that Pakistan had given China access to the wrecked stealth helicopter used in the raid that killed Bin Laden? The Chinese defence minsitry has denied it, and US officials have been unable to confirm the story.
- Rebel forces have attacked the oil refinery at Zawiyah, one of the last sources of fuel for loyalist troops and the city of Tripoli. In related news, the rebel National Transitional Council has also denied negotiating a peaceful conflict to the civil war with the Libyan government.
- The good news is that "shelling and the sound of tank machineguns [are] subdued today". The bad news is that Syrian "security personnel" are rounding up hundreds of people in Latakia and forcibly interring them in a stadium. Condemnations continue to trickle in from the rest of the world[2], with Turkey taking the hardest line to date: "if the operations continue in Syria and the operations become a regional problem Turkey can naturally not remain indifferent".
- Texas governor and Republican presidential candidate Rick Perry declared that it would be "treasonous" if Ben Bernanke "prints more money between now and the election". He didn't quite advocate murder as a response, but it's hard to interpret the following comment in a different light: "If this guy prints more money between now and the election, I don't know what y'all will do to him in Iowa, but we would treat him pretty ugly down in Texas."
- President Obama's response to Governor Perry's remarks? "You know, Mr. Perry just got into the presidential race. I think that everybody who runs for president, it probably takes them a little bit of time before they start realizing that this isn't like running for governor or running for senator or running for Congress, and you've got to be a little more careful about what you say. But I'll cut him some slack. he's only been at it for a few days now."
- Warren Buffett - yes, that Warren Buffett - has suggested that the US "Stop Coddling the Super-Rich".
- In "you know, they were called coffin nails in the 19th century" news, RJ Reynolds Tobacco, Lorillard Tobacco, Commonwealth Brands, Liggett Group and Santa Fe Natural Tobacco have filed suit against the Food and Drug Administration to stop a new law that would require them to place graphic health warnings on cigarette packets. The suit claims that the law violates their constitutional right to free speech.
Producer Price Index News Release
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Producer Price Index
Monday, August 15, 2011
World News!
- Libyan rebels have seized control of the coastal town of Zawiyah,, 30 miles west of Tripoli, giving them the ability to halt food and fuel shipments from Tunisia to the capitol.
- In "just when you though relations couldn't get any worse" news, the Financial Times has reported that Pakistan gave China access to the crashed US stealth helicopter that was part of May's commando raid to kill Osama bin Laden. The reports indicate that China was allowed to take pictures and samples of the aircraft's skin. Pakistan has officially denied the report.
- South Korean civilians were evacuated into emergency shelters around 2 PM local time, as North Korea fired artillery at Yeonpyeong Island. Again.
- Syria is on its thrid day of brutal tank-based repression of protests in the port city of Latakia[1], supplementing the conventional ground forces with naval bombardments. Fortunately, according to the official Syrian news agency, the tank-based "order preservation forces" are entirely blameless; all of the damage and civilian deaths are being caused by armed terror gangs "using machineguns and explosives from rooftops and from behind barricades".
- According to Mitt Romney, "Corporations are people".