Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Thursday, January 06, 2011
Saturday, January 01, 2011
Ex-Shell president sees $5 gas in 2012
NEW YORK (CNNMoney.com) -- The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.
In an interview with Platt's Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases.
"I'm predicting actually the worst outcome over the next two years which takes us to 2012 with higher gasoline prices," he said.
Tom Kloza, chief oil analyst with Oil Price Information Service says Americans will see gasoline prices hit the $5 a gallon mark in the next decade, but not by 2012.
"That wolf is out there and it's going to be at the door...I agree with him that we'll see those numbers at some point this decade but not yet." Kloza said.
"The demand is still sluggish enough in some of the mature economies."
In an interview with Platt's Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases.
"I'm predicting actually the worst outcome over the next two years which takes us to 2012 with higher gasoline prices," he said.
Tom Kloza, chief oil analyst with Oil Price Information Service says Americans will see gasoline prices hit the $5 a gallon mark in the next decade, but not by 2012.
"That wolf is out there and it's going to be at the door...I agree with him that we'll see those numbers at some point this decade but not yet." Kloza said.
"The demand is still sluggish enough in some of the mature economies."
Tuesday, October 06, 2009
Mandating Health Insurance?
The American people are about to be scammed for the medical insurance industry. If they mandate insurance for all Americans, it will be the law that you buy insurance. How in a "free" society can they mandate that you pay a company for a service?
This is nothing more than a scam to make the insurance companies money. Imagine all the new clients they will get that are being forced to pay them. They will be even richer than they are now! And you will still be even more poorer than you are now.
If the environment we lived in was not part of what makes us ill, I could maybe understand this law. But it is not like that. Many get sick from cancers and other diseases b/c it is all around us. So they make us sick then expect us to pay for our care. It is a fuckin' scam. Like any of us can control getting cancer.
And do not think they know what makes us sick. For years they said there was no virus that could cause cancer and in the last 5 years we learned this is just not true. So they do not know. Modern medicine is not advanced. It still is very barbaric even though we have made many accomplishments in medicine.
It truly is becoming a country where only those with money will have an existence and life worth even living. And that is the top 1 percent in this country. 1 percent control the rest of the population and we allow it to continue?
When a few control a countries wealth, this creates poverty.....when a countries rich distribute the wealth, this is prosperity for the people of that country.
This is what capitalism breeds and creates. Greed that will hurt millions so that a select few can wear 24k gold bathrobes and shit in a diamond toilet.
Any system in any country that oppresses a people and controls them, even with money, is not a true free society...................................
They already took money for bailouts for the richest companies in the world. ow they will want even more money.
And if a company is too big to fail, this means they are a monopoly.
How anyone still believes them, Wall Street or any corporation, amazes me......
Wake up America. It is not a conspiracy to take control of the world with Free Masons to create a New World Order. It is about making the richest people richer. That is it....no big conspiracy. They want slaves and have them. And we as Americans, allow it.
This is nothing more than a scam to make the insurance companies money. Imagine all the new clients they will get that are being forced to pay them. They will be even richer than they are now! And you will still be even more poorer than you are now.
If the environment we lived in was not part of what makes us ill, I could maybe understand this law. But it is not like that. Many get sick from cancers and other diseases b/c it is all around us. So they make us sick then expect us to pay for our care. It is a fuckin' scam. Like any of us can control getting cancer.
And do not think they know what makes us sick. For years they said there was no virus that could cause cancer and in the last 5 years we learned this is just not true. So they do not know. Modern medicine is not advanced. It still is very barbaric even though we have made many accomplishments in medicine.
It truly is becoming a country where only those with money will have an existence and life worth even living. And that is the top 1 percent in this country. 1 percent control the rest of the population and we allow it to continue?
When a few control a countries wealth, this creates poverty.....when a countries rich distribute the wealth, this is prosperity for the people of that country.
This is what capitalism breeds and creates. Greed that will hurt millions so that a select few can wear 24k gold bathrobes and shit in a diamond toilet.
Any system in any country that oppresses a people and controls them, even with money, is not a true free society...................................
They already took money for bailouts for the richest companies in the world. ow they will want even more money.
And if a company is too big to fail, this means they are a monopoly.
How anyone still believes them, Wall Street or any corporation, amazes me......
Wake up America. It is not a conspiracy to take control of the world with Free Masons to create a New World Order. It is about making the richest people richer. That is it....no big conspiracy. They want slaves and have them. And we as Americans, allow it.
Monday, October 05, 2009
Saturday, August 22, 2009
Daily Show Austan Goolsbee Extended Interview
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Exclusive - Austan Goolsbee Extended Interview Pt. 1 | ||||
| ||||
Thursday, August 13, 2009
Americans Working Much Harder for Less Pay
Feel like you’re working a lot harder these days, putting in longer hours for the same pay — or even less? The latest round of government data on worker productivity indicates that you probably are.
The Labor Department said Tuesday that the American work force produced, at an annual rate, 6.4 percent more of the goods they made and services they provided in the second quarter of this year compared to a year ago. At the same time, “unit labor costs” — the amount employers paid for all that extra work — fell by 5.8 percent. The jump in productivity was higher than expected; the cut in labor costs more than double expectations.
That is, despite the deep job cuts of the past year, workers who remain on the payroll are filling in and making up the work that had been done by their departed colleagues. In some cases, that extra work came with a smaller paycheck.
The higher worker output and lower labor costs have been good news for companies struggling through the worst recession since World War II. So far, some 70 percent of companies in the S&P 500 have turned in better-than-expected profits for the latest quarter.
But wage cuts and lost paychecks could seriously jeopardize the recovery of a U.S. economy that still relies on consumer spending for two-thirds of its power.
“You have a very severely harmed, injured consumer in terms of income slow down, job uncertainly, job loss, wealth loss, inadequate savings, high debt levels,” said Laura Tyson, an Obama advisor who headed the Council of Economic Advisors in the Clinton administration. “The consumer, I don’t see powering us out of this recession.”
Many economists believe the current recession is on the verge of ending. And if, as many expect, the economy begins expanding again in the second half of this year, companies may begin adding more shifts and re-hiring workers as demand for their products increases.
That improving trend — a slowdown in the pace of the downturn — was confirmed in this month’s Adversity Index from msnbc.com and Moody's Economy.com, which measures the economic health of 381 metro areas and all 50 states. The index includes four components —employment, housing starts, housing prices and industrial production — and classifies each as being in recession, at risk, recovering or expanding.
So far, none of the areas is in the “recovery” stage. But according to the index, 85 metro areas are now in a "moderating recession" – up from 23 the month before.
“A lot of these places were contracting at a much faster pace in the first quarter than they are now,” said Andrew Gledhill, an economist at Moody's Economy.com, which prepares the index.
With job cuts slowing, corporate profits improving and the housing market showing signs of a bottom, many analysts are forecasting that U.S. Gross Domestic Product will turn positive again this quarter after a sharp over the past year.
The Labor Department said Tuesday that the American work force produced, at an annual rate, 6.4 percent more of the goods they made and services they provided in the second quarter of this year compared to a year ago. At the same time, “unit labor costs” — the amount employers paid for all that extra work — fell by 5.8 percent. The jump in productivity was higher than expected; the cut in labor costs more than double expectations.
That is, despite the deep job cuts of the past year, workers who remain on the payroll are filling in and making up the work that had been done by their departed colleagues. In some cases, that extra work came with a smaller paycheck.
The higher worker output and lower labor costs have been good news for companies struggling through the worst recession since World War II. So far, some 70 percent of companies in the S&P 500 have turned in better-than-expected profits for the latest quarter.
But wage cuts and lost paychecks could seriously jeopardize the recovery of a U.S. economy that still relies on consumer spending for two-thirds of its power.
“You have a very severely harmed, injured consumer in terms of income slow down, job uncertainly, job loss, wealth loss, inadequate savings, high debt levels,” said Laura Tyson, an Obama advisor who headed the Council of Economic Advisors in the Clinton administration. “The consumer, I don’t see powering us out of this recession.”
Many economists believe the current recession is on the verge of ending. And if, as many expect, the economy begins expanding again in the second half of this year, companies may begin adding more shifts and re-hiring workers as demand for their products increases.
That improving trend — a slowdown in the pace of the downturn — was confirmed in this month’s Adversity Index from msnbc.com and Moody's Economy.com, which measures the economic health of 381 metro areas and all 50 states. The index includes four components —employment, housing starts, housing prices and industrial production — and classifies each as being in recession, at risk, recovering or expanding.
So far, none of the areas is in the “recovery” stage. But according to the index, 85 metro areas are now in a "moderating recession" – up from 23 the month before.
“A lot of these places were contracting at a much faster pace in the first quarter than they are now,” said Andrew Gledhill, an economist at Moody's Economy.com, which prepares the index.
With job cuts slowing, corporate profits improving and the housing market showing signs of a bottom, many analysts are forecasting that U.S. Gross Domestic Product will turn positive again this quarter after a sharp over the past year.
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