Saturday, October 31, 2015

Trick or Treat?
Want to take the Student Loan exploitation one step further?

Who are taking the jobs away from Americans? As an example in the IT sector?

People with H1B Visas are taking jobs away from Americans in the IT sector because Wall Street complains the USA doesn't educate enough Americans to fill the jobs. 

March 19, 2014
By Michael S. Teitelbaum

...A compelling body of research is now available, (click here) from many leading academic researchers and from respected research organizations such as the National Bureau of Economic Research, the RAND Corporation, and the Urban Institute. No one has been able to find any evidence indicating current widespread labor market shortages or hiring difficulties in science and engineering occupations that require bachelors degrees or higher, although some are forecasting high growth in occupations that require post-high school training but not a bachelors degree. All have concluded that U.S. higher education produces far more science and engineering graduates annually than there are S&E job openings—the only disagreement is whether it is 100 percent or 200 percent more. Were there to be a genuine shortage at present, there would be evidence of employers raising wage offers to attract the scientists and engineers they want. But the evidence points in the other direction: Most studies report that real wages in many—but not all—science and engineering occupations have been flat or slow-growing, and unemployment as high or higher than in many comparably-skilled occupations.... 

The IT industry in the USA have the best of all worlds. They actually have enough technicians with a potential for a shortage in the future. Those technicians, Associate Degrees, earn at least $35,000 to start. 

There is a known surplus of Bachelor prepared computer scientists in the USA. I am confident those scientists with a BS would take a job for $35,000 per year in hopes they can go up the ladder. 

In complete honesty, the IT industry has been hyping their demand for graduates simply to create a better class of job candidates every year. Now, they are spinning their hype to demand nearly 200,000 H1B Visas to pay less salaries and pad their stockholder's returns.

Enough of the lies. Americans that are exceptionally qualified need jobs and there needs to be an investigation to this outrageous claim by the IT industry. 

Microsoft (click here) was among the highest donors to Marco Rubio. That is pure unadulterated corruption. This is definitely quid pro quo. 

All Rubio's donors are Wall Street. 

He reminds me of Scott Brown who was the only one working out in the Senate gym while everyone watched "Morning Joe."

Donors are finance, private equity, IT or infrastructure/construction. There is nothing small business about any of them. 

It is still a quandary why Rubio focused on Columbia for a free trade agreement. It would definitely help any Wall Street financial, private equity firm or major construction company.

He seems to like to deliver quickly on his political donors. 
October 27, 2015
By Neal Woolrich

...However, a new study by JP Morgan Asset Management (click here) argues that in this era of ultra-cheap money the opposite applies, and a rate rise now would actually stimulate the US economy.
"These low interest rates again are sending the wrong signal about where the economy is, the strength of the economy, and what it actually needs," said JP Morgan Asset Management's global market strategist Kerry Craig.
The Fed's Open Market Committee meets this week and again in December, but investors are now betting that the first US rate rise since 2006 will not happen until the middle of 2016.
One of the key concerns about lifting interest rates is that it would also raise the US dollar and make the American economy less competitive.
But JP Morgan Asset Management argues that higher interest rates have already been priced into the exchange rate, and the US dollar could fall once "lift off" occurs, as it has in previous tightening cycles.... 

There may have been several reasons The Fed hasn't raised rates yet. The Fed did vote in favor of this additional buffer to end "Too Big To Fail," but, now it goes to public comment before it is completely passed into regulation.

 October 30, 2015
By Jacob Pramuk 

The Federal Reserve proposed Friday (click here) to require large banks to add another buffer, designed to reduce the "too big to fail" perception of big institutions.
Six of eight key U.S. banks would need to raise an additional $120 billion to meet the requirements, according to Fed officials. The rule aims to reduce the risk of the companies— including Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo — derailing markets or needing taxpayer money.
The Fed would expect some large banks to add long-term debt or take other actions to comply. Similar rules would also apply to U.S. subsidiaries of big foreign banks....
...Six of eight banks assessed would not meet requirements, though officials did not specify which. The Fed's board voted in favor of the requirement Friday, and it will be opened to public comment before the central bank can finalize it.
It is among several rules that would aim to cut risk in the banking system.

  CNBC's Mary Thompson and Reuters contributed to this report.

Public Comment can be submitted here: (click here) but, I don't see a posting for this proposed regulation yet.  

I am not certain what tab it would be placed under, "Dodd/Frank" or "Rulemaking Proposals," but, my best guess is rulemaking.

This is Bloomberg's take on Morgans' point of view. 

October 26, 2015
By Luke Kawa

..."There's roughly $10 trillion (click here) in the banking system that's earning zero," added LaVorgna. "Those people aren't investing in the stock market; they're keeping their money in cash and spending less because when you're in a low-interest-rate environment, you don't buy more, you save more." 
A colleague of LaVorgna's, Deutsche Bank Chief Global Strategist Bankim Chadha, recently put forward the view that lower rates prompt households to save more, and therefore consumer spending is not an effective avenue for stimulus through traditional monetary policy actions.
So higher rates, to a certain point, could prove a boon for consumers—and the same is true for stocks, argues JPMorgan's Kelly. His analysis shows that rising rates from a low level tend to be accompanied by rising stock prices, while hikes from higher levels typically happen in tandem with declines.
"When the Federal Reserve raises rates from low levels it is generally taken as a sign of economic confidence—that the economy no longer needs the Fed’s help—and that rising confidence is generally positive for stocks," the economist wrote.... 

These ideas are well and good, but, all I know is the average American can't get even 2 percent at the teller window for a savings account no matter the requirements.

The American Consumer has become a slave to Wall Street. First the QUARTERLY NET income: 


If an American consumer walks into a Chase bank and sets up a savings account, the return is 0.01 percent annually if you are lucky you might get 0.02 percent. Now I ask you, is there any reason to put money into a very liquid savings account?

Of course, not. But, where is there access to better annual returns?

It is estimated there are 52 million Americans with 401Ks or 401Bs.

Everyone knows the penalties for removing monies early from such a financial instrument. But, these financial instruments are the only method Americans have to accumulate any type of return on their hard earned CASH.

So, does Wall Street enslave the American people? You, betcha. If the banks were providing 5 percent on a regular savings account like it used to be in the USA, who would benefit besides the American consumer?

Small banks. AND. Since 2008 the small local bank has virtually disappeared off the American landscape.

What are the REAL CHANCES of saving for an education or a child's education? 

Students seeking college or university educations are LOCKED OUT of that opportunity unless they borrow money from student loans.

Sharm El Sheikh has a history of violence.

July 16, 2015
By Tom Batchelor

Extra armed guards (click here) have been drafted in to the resorts of Sharm El Sheikh and Hurghada after 50 Egyptian government troops were slaughtered in the latest escalation of ISIS-linked violence in North Africa.
The security advice for British tourists visiting Egypt follows warnings about the safety of hotspots in Turkey and Tunisia - all hugely-popular with British families during the summer months.
ISIS attacked more than a dozen military bases in the Sinai province on Wednesday, killing Egyptian soldiers in a series of coordinated attacks.
The fighters used a rocket propelled grenade to attack a police station and claimed to have taken parts of Sheikh Zuweid, a town just four hours' drive - or 250 miles - from Sharm El Sheikh....

I think Russia has a very real reason for it's entrance to the battle to end Daesh in the Middle East. Evidently, attacking helpless citizens is a real accomplishment for Daesh.

October 31, 2015

Cairo (AFP) - The Islamic State group's (click here) affiliate in Egypt has claimed it downed the Russian passenger plane that crashed Saturday in the Sinai Peninsula, where the jihadists are waging an insurgency, killing all on board.
"The soldiers of the caliphate succeeded in bringing down a Russian plane in Sinai," said the statement circulated on social media.

Daesh isn't defeating a military, it is defeating an airliner of innocent people. What do they expect, obedience to their idea of god? These dead people already worshiped god.

Egyptian officials said the 7-person crew and 214 of the passengers and all of the crew were Russian and that three of the passengers were Ukrainian, reports. The victims included 17 children, aged 2 to 17, according to Russian authorities.