By Russ Nelson, on June 9th, 2010
I’m not sure Leonard Pitts is correct about Bobby Jindal rethinking his belief in less government. What if your next-door-neighbor contracted with a wind energy company to erect a wind generator, and it fell on your property? You’d be angry at the company, but you’d hold your neighbor responsible.
Now, the US Government claims ownership of the waters off the coast. It licensed BP to drill off the coast. That went sour, and Louisiana has been hurt. They’re holding the US Government responsible.
This has nothing to do with the correct size of your next-door neighbor. Nor does it have anything to do with the correct size of the US Government (which does things not even remotely present in the US Constitution).
Government is the enemy in the case of this oil spill, since it didn’t require remotely operated valves on the blowout preventer.
By Eldon Mast, on June 9th, 2010
Hiring Intentions in Europe are Also Up
According to Reuters and Manpower Inc. reports, employers in most of the global economy are more likely to add workers than three months ago, including those in the United States. Significant gains in economies like Brazil, India and China are also likely according to the surveys.
Manpower Inc. is considered one of the leading surveyors of employment demand. They report that the employment recovery will continue in most of the world. The company said Tuesday its seasonally adjusted forecast for the third quarter was now up over its second quarter forecast. Its forecast a year ago was negative.
The firm surveys over 18,000 U.S. hiring managers and measures the difference between those managers who say they will add to their workforce and those managers who plan cuts. “We’ll go into the third quarter and see more of what we saw in the second — no doubt improved BLS numbers…,” Manpower Chief Executive Jeff Joerres was quoted saying on Tuesday.
Beyond the U.S. the survey covers a total of 82 countries including hot markets in Brazel, India, and China covering a grand total 61,000 manager interviews. The most recent surveys reveal positive employment prospects in 23 of 36 countries and all but four are higher than a year ago.
In Latin America, most Brazil employers anticipate adding jobs in Q3. And in Mexico an improving environment is also expected — especially in manufacturing and mining.
Surprisingly in Europe, employers in all of the larger economies like France, Germany and the United Kingdom also expect to add workers over the next three months despite talk of a “crisis.”
More employers than last quarter also expect to increase hiring in Central European economies, as well as in Spain, Sweden, Austria and Belgium.
“We’ve been seeing really no change in our business since the Greek credit crisis of a month ago,” Joerres said.
By B.P.T., on June 9th, 2010
The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to week decrease of 5.7% last week, showing continuing weakness in the housing market since the second financial stimulus program for home sales came to a close at the end of April.
At 8:55 AM EDT, the weekly Redbook report will be released, giving us more information about consumer spending.
At 10:00 AM EDT, the Wholesale Trade report will be released for April, showing inventory levels for wholesalers in the United States.
Also at 10:00 AM EDT, Federal Reserve Chairman Ben Bernanke will testify before the Committee on the Budget in the U.S. House of Representatives on the topic of Economic and Financial Conditions and the Federal Budget.
At 10:30 AM EDT, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.
At 4:00 PM EDT, Federal Reserve Chairman Ben Bernanke will speak at the Richmond Federal Reserve Bank forum on employment trends in Richmond.
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