Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts

Observations: The Qando Podcast for 16 Aug 10

In this podcast, Bruce, Michael, and Dale discuss the troubling nature of Turkey’s re-alignment away from the West, and President Obama’s statements about the “Ground Zero” mosque.

The direct link to the podcast can be found here.

Observations

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2009, they can be accessed through the RSS Archive Feed.

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Dale’s Observations For 2010-08-13

SC's Alvin Greene indicted for showing porn to a coed. When I was in college, we didn't have today's access to porn. So, we just had sex. #

RT @mattklewis: Can't be good for Linda McMahon that an ex-WWE star died of heart failure at age 29.| Or that the rest die before 50. #

Iran says the Bushehr nuclear reactor will go live 21 Aug. Isn't it great to see Iran turning away from carbon usage? http://bbc.in/acoRPC #

Retail Sales Tepid, Inflation at 40-Year Low. http://bit.ly/c1wc2G #

I've always hated Oracle, both the technology and the company. Things like this is why. Legal extortion. http://bit.ly/bnoN6d #

Dale’s Observations For 2010-08-12

RT @dmataconis: Employment Picture Looking Even Bleaker http://bit.ly/aYtjrB #RecoverySummer #

Is this finally the economic collapse? http://bit.ly/avLkzW #

The average 30-year mortgage rate fell to 4.44 %, the lowest since Freddie Mac records began in 1971. http://bit.ly/cznNk1 #RecoverySummer #

Jobless claims jump to 5-month high, with 484,000 new claims for unemployment. http://bit.ly/aDoxgB #RecoverySummer #

Dale’s Observations For 2010-08-10

.@dmataconis Did someone say, "Captain Obvious"? http://twitpic.com/2dh7gp #

MV Agusta really DID screw Harley-Davidson! H-D had to pay the Italians $20 million to take it back. http://bit.ly/axjvRS #

After 9 years of pay and benefit increases, Federal workers are now earning double their private counterparts. http://usat.me?39636276 #

FOMC statement says no change in interest rates are in the offing, as economic growth remains slow. http://usat.me?39645182 #

Note to @DerSPIEGEL: Its not really appropriate for Germans to make moral pronouncements about WWII actions. http://bit.ly/brpxDF #

Is America heading for a "lost decade" similar to Japan's? http://bit.ly/9jmAHT #

These people have the power to put you in jail for years. But don't dare think that you can hold them accountable. http://bit.ly/bkk3a3 #

The National Federation of Independent Business said its optimism index fell 0.9 to 88.1 in July. http://bit.ly/b0hO8f #RecoverySummer #

The productivity of U.S. workers unexpectedly fell last quarter, increasing cost-cutting pressures. http://bit.ly/cOCkDJ #RecoverySummer #

Dale’s Observations For 2010-08-09

Russian man dies in searing heat at sauna contest. There's a world championship of…sauna? http://usat.me?39617852 #

Castiglioni completes his rape of Harley-Davidson. http://bit.ly/98Xnd0 #

DNC Chair Tim Kaine is complaining that Michelle Obama's Spanish trip is being politicized. Cry me a river, Weepy. http://bit.ly/98h5Iw #

Mike Pence admits Republicans have "credibility problem" on deficits. http://bit.ly/b792e6 #

Observations: The QandO Podcast for 08 Aug 10

In this podcast, Bruce, Michael and Dale discuss the economy, the Democrats’ “Blame Bush” strategy, and the anniversary of Hiroshima.

The direct link to the podcast can be found here.

Observations

As a reminder, if you are an iTunes user, don’t forget to subscribe to the QandO podcast, Observations, through iTunes. For those of you who don’t have iTunes, you can subscribe at Podcast Alley. And, of course, for you newsreader subscriber types, our podcast RSS Feed is here. For podcasts from 2005 to 2009, they can be accessed through the RSS Archive Feed.

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Unemployment Rises

Today’s news of 131,000 jobs lost last month comes as no great surprise. What should also come as no great surprise is that the official unemployment rate of 9.5% continues to seriously underestimate the actual rate of unemployment.

Civilian population: 237,890,000
Historical Average Labor Force Participation Rate: 66.2%
Proper Labor Force Size: 157,483 000
Actually Employed: 138,960,000
Real Unemployment Rate: 13.3%

Using the same method of calculation, the unemployment rate in June 09 was 11.4%. Over the past six months, the rate had varied as follows:

Feb: 13.2%
Mar: 13%
Apr: 12.7%
May: 12.8%
Jun: 13.1%
Jul: 13.3%

Since April, 495,000 payroll jobs have been lost.