Labor/Economics

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ap215
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Labor/Economics

Post by ap215 »

New home sales jumped 14% in September

WASHINGTON (AP) — Sales of new homes jumped 14% in September to the fastest pace in six months as strong demand helped offset rising prices.

The Commerce Department reported Tuesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 800,000 units last month which was well above what economists had bee expecting.

https://finance.yahoo.com/news/home-sal ... 24153.html
ap215
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Post by ap215 »

Jobless claims hit new pandemic-era low at 281,000 filings

Weekly jobless claims fell in the latest week, setting a marginal new pandemic-era low as the labor market slowly recovers to levels before COVID-19 walloped the global economy.

The Labor Department released its jobless claims report on Thursday morning at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:

https://finance.yahoo.com/news/jobless- ... 40478.html
ap215
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Re: Labor/Economics

Post by ap215 »

Q3 GDP: Economic activity decelerated to 2.0% annualized rate amid Delta variant, supply concerns

The U.S. economy expanded at its slowest clip in over a year in the third quarter, with a reopening surge in activity quickly beginning to fade.

The Bureau of Economic Analysis released its first estimate of third-quarter gross domestic product (GPD) on Wednesday. Here were the main metrics economists from the print, based on consensus estimates compiled by Bloomberg:

https://finance.yahoo.com/news/gross-do ... 40802.html
Glennfs
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Re: Labor/Economics

Post by Glennfs »

ap215 wrote: Thu Oct 28, 2021 7:52 am Q3 GDP: Economic activity decelerated to 2.0% annualized rate amid Delta variant, supply concerns

The U.S. economy expanded at its slowest clip in over a year in the third quarter, with a reopening surge in activity quickly beginning to fade.

The Bureau of Economic Analysis released its first estimate of third-quarter gross domestic product (GPD) on Wednesday. Here were the main metrics economists from the print, based on consensus estimates compiled by Bloomberg:

https://finance.yahoo.com/news/gross-do ... 40802.html
Those 2nd quarter estimates are way to high.
" I am a socialist " Bernie Sanders
gounion
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Post by gounion »

Glennfs wrote: Thu Oct 28, 2021 4:41 pm Those 2nd quarter estimates are way to high.
Please show us your economics degree that shows you are educated enough to make that statement.
Motor City
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Post by Motor City »

UAW member hit, killed by car near John Deere picket line
A vehicle struck and killed a United Auto Workers member Wednesday as he was walking to a picket line to join striking workers outside a John Deere distribution plant in northwest Illinois, the union and police said.

The man, identified as 56-year-old Richard Rich, was struck at about 6 a.m. CDT at an intersection near a road that leads to the John Deere Parts Distribution Center in Milan, Illinois, Police Chief Shawn Johnson said.

Rich was crossing the Rock Island-Milan Parkway at Deere Drive when he was hit by the motorist, police said. He was pronounced dead at the scene......
RIP
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Motor City
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Post by Motor City »

I wonder Why did they do this? Why was she sent to prison?

Ex-Michigan contractor sentenced to federal prison in unemployment insurance fraud scheme
A former contract employee for the state's Unemployment Insurance Agency was sentenced to 58 months in federal prison Thursday after pleading guilty for her role in a multimillion-dollar unemployment insurance fraud scheme.

Brandi Hawkins, 40, was sentenced before Judge Paul Borman in the U.S. District Court for the Eastern District of Michigan. As part of her sentence, Borman ordered Hawkins to pay nearly $3.8 million in restitution to the State of Michigan.

"Hawkins exploited the pandemic to defraud the State of Michigan and United States for her own personal gain," acting U.S. Attorney Saima Mohsin said in a news release.

Hawkins of Detroit is the first defendant in Michigan to be sentenced who was charged with stealing unemployment insurance funds during the pandemic. Nearly 40 people have been charged in southeastern Michigan with submitting more than $20 million in fraudulent unemployment claims in multiple states, including Michigan, since last summer........
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Motor City
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Post by Motor City »

Motor City wrote: Thu Oct 28, 2021 6:25 pm I wonder Why did they do this? Why was she sent to prison?

Ex-Michigan contractor sentenced to federal prison in unemployment insurance fraud scheme
I thought it was established precedent that the state during the snyder administration could rob unemployment claimants of way more than 3.8 or 12 million dollars and not go to prison

State taps unemployment insurance fund to balance books
The balance in the UI contingent fund's penalties and interest account — largely built on money seized from claimants accused of fraud — swelled from $3.1 million in 2011 to about $155 million this October, according to a report from the House Fiscal Agency. That fund, which is fed by highest-in-the-nation 400% penalties, wage garnishes and other aggressive collection techniques, is the one Republican lawmakers tapped Tuesday, in a 60-48 party line vote in the state House.
with the state crying fraud again we must wonder are they telling the truth this time
A bill headed to Gov. Rick Snyder's desk transfers $10 million in "surplus" unemployment insurance funds to help balance the state budget at the same time thousands of Michigan residents are claiming millions of dollars in benefits and penalties were unlawfully taken from them after the state wrongly accused them of unemployment insurance fraud.
well this seems different

Another Snyder disaster unraveling: The Unemployment Insurance Agency
The only thing is, we don’t see any punishment. Sharon Moffett-Massey will stay on the state payroll, working on “special projects.” The director of the Talent Investment Agency, Wanda M. Stokes, released a three-point plan. Those who feel abused or unjustly ensnared by the UIA will likely look at this “three-point plan” and laugh sardonically. The plan includes such elementary points as “UIA must do a better job listening to its customers to ensure they are assisted effectively and efficiently to get the benefits they are entitled to.” Put in layman’s English: “The UIA must begin picking up the phone more often.” Or how about this doozy: “There have been challenges with the way the agency used data compiled by the MiDAS computer system to identify potential fraud. Work on this issue will continue.”
unequal protection and algorithms

brutal to the smaller crimes and no justice for the huge ones
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ap215
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Re: Labor/Economics

Post by ap215 »

Unions, school bus company, trade blame in Las Cruces strike

SANTA FE, N.M. (AP) — Unions and a school bus company blame each other for a school bus driver strike that shut down much of the public school transportation serving 3,500 students in Las Cruces.

Drivers picketed the office of southern New Mexico district school bus contractor STS New Mexico on Thursday, demanding better pay and working conditions, the Las Cruces Sun-News reports.

https://apnews.com/article/business-edu ... 4cc9d742a3
Glennfs
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Post by Glennfs »

gounion wrote: Thu Oct 28, 2021 4:49 pm Please show us your economics degree that shows you are educated enough to make that statement.
You really need to quit being such an asshole. Believing the 2nd quarter estimates are to high is actually supporting the Biden administration.
Because when they come in much lower than expected it will make Biden and the democratic party look even worse than they are.
Btw what schools do you have a degree from
" I am a socialist " Bernie Sanders
gounion
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Re: Labor/Economics

Post by gounion »

Glennfs wrote: Fri Oct 29, 2021 9:21 am You really need to quit being such an asshole. Believing the 2nd quarter estimates are to high is actually supporting the Biden administration.
Because when they come in much lower than expected it will make Biden and the democratic party look even worse than they are.
Btw what schools do you have a degree from
You make these statements - but if I say anything I'm a "liar". Why don't YOU stop being such an asshole?
Glennfs
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Re: Labor/Economics

Post by Glennfs »

gounion wrote: Fri Oct 29, 2021 10:17 am You make these statements - but if I say anything I'm a "liar". Why don't YOU stop being such an asshole?
Had you bothered to look at the link you would have seen the estimates and realized that they are way to high
" I am a socialist " Bernie Sanders
Motor City
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Re: Labor/Economics

Post by Motor City »

On where are the workers some have been destroyed with injustice others terrorized by lack of justice.

Kansas enforces nation’s most draconian penalty for unemployment ‘fraud’
Spirit AeroSystems production worker Michelle Tran was a victim of mass layoffs in March as aircraft manufacturing shuddered under a coronavirus-induced meltdown.

This single parent of three children ranging in ages from 10 to 22, including a son with autism, was cast into the social safety net along with more than 200,000 other Kansans deemed nonessential features of the workforce. She sought jobless benefits along with her peers, but her application was red-flagged by the Kansas Department of Labor. The agency concluded she accepted a week of excessive state assistance three years ago when she was last out of work.

Tran said she hadn’t received prior notice of that allegation but pulled money from savings to pay nearly $1,000 in principal and interest. Once the labor department had the money, she said, she was banned from the Kansas program for five years to comply with the nation’s toughest state law penalizing people accused of defrauding the unemployment system. It left her broke and sleeping on a friend’s couch.

“I lost my apartment. I lost my car. No job,” Tran said. “What they’ve done is wrong. How the hell, at a time like this, can you take what little we have?”

The state’s labor department says Tran is among 7,000 people carrying the burden of a five-year fraud ban, and at least 400 of those individuals have filed claims for unemployment assistance amid the pandemic.
Its a way to ensure theres no hope to get people in the mindset that they have to work under abusive, dehumanizing conditions.

Criminalizing the unemployed

when penalties are only for other people and mostly theoretical based on self serving suspicions.
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Motor City
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Post by Motor City »

American Airlines cancels, delays more than 1,400 Sunday flights due to weather, 'tight' staffing
American Airlines has canceled more than 1,500 flights over Halloween weekend, pointing to weather disruptions in Texas and tight staffing.

After canceling nearly 550 flights on Saturday, the Texas-based carrier on Sunday canceled more than 1,000 flights and delayed more than 400 flights, according to flight tracker Flight Aware. More than 450 Monday flights have also been canceled.

In a Saturday letter to staff shared with USA TODAY, American Airlines said the cancellations were caused by two days of severe winds in the Dallas-Fort Worth area......
Jane Goodall: Life on earth is resilient, even in the most threatening situations. Have hope.
As the world continues to grapple with remedies to urgent global problems – from the COVID-19 pandemic to climate change – it’s easy to feel a sense of déjà vu, even despair. What can be done to tackle humanity’s seemingly endless crises? And even if we know what to do, finding the common ground across our divides – that is essential for cooperation – can seem daunting.

Though being hopeful seems an increasingly impossible stance, nevertheless even today we see powerful scientific and spiritual reasons to hope. Hope is as essential to humans as oxygen. It is a crucial survival trait that has sustained our species in the face of danger since the Stone Age. Hope is powerful.........
That corrupt systems and systems based on corrupt measurements can fall and can destroy themselves is something we can hope for, though we cant hope to aspire to such systems or the measurements themselves unless we become as corrupted as them.
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Motor City
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Re: Labor/Economics

Post by Motor City »

6 and 7 figure paid Administrators continue to grind the workers into dust through staffing and resource starvation and 6 and 7 figure paid news reporters ask over and over where are the workers.

Sparrow nurses without contract say 'critically low' staffing puts patients at risk
But lately, contract fights have reached a new and unsettling pitch, workers in several health systems say. After 20 months of putting their own lives on the line and bearing witness to pandemic-era levels of death and suffering, now they’re watching an exodus of team members leaving the health care field altogether. And they struggle with what they say has, as a result, become an unsafe level of patient care.....
.....“We are being gaslighted every day about how we don't have a staffing problem, we have a call-in problem. Well, when you tell me that we are 90 nurses down (hospital) wide, and I ask you how many call-ins there are, and they say 20, that’s not call-in problem. That’s an open shift problem. And it’s exacerbated by the fact that you can’t retain your caregivers.”........
https://twitter.com/kurteichenwald/stat ... 3860159492
"The Great Resignation" is not about people not wanting to work. It is about a dawning recognition that, for a larger and larger portion of this country, the American dream is dead, and with it, the inspiration of working toward a better future for oneself. Instead, work.../1
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Motor City
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Post by Motor City »

Woman waited in Atlanta ER for seven hours and wasn't seen. She was later charged $700.
In July, Taylor Davis told FOX 5 Atlanta she went to the Emory Decatur Hospital ER for a head injury, waited seven hours and was never seen. Weeks later, she was billed $700.

Adamant it was a mistake, Davis called the hospital and was told she was charged what's called a "facility fee" or "emergency room visiting fee."

"So I called them and she said it's hospital protocol even if you're just walking in and you're not seen. When you type in your social, that's it. You're going to get charged regardless," Davis told FOX 5 Atlanta.

Kaiser Health News reported this is often called "provider-based billing" and it allows hospitals that own physician practices and outpatient clinics to bill separately for the facility as well as for physician services. In 2009 when this billing was granted, one billing consultant calculated the fees could provide an additional $30,000 annually per physician for hospitals.........

........"Seeing that they're able to bill you for random things, it doesn't make me want to go. So that's not good," Davis told USA TODAY. .......
Imagine the sickness and suffering the spiraling health injuries that could be eliminated and reduced if people were not met with such hostile and violent administration of staffing and insurance.
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ap215
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Re: Labor/Economics

Post by ap215 »

Republicans failed again to break Iowa's largest teachers' union

When Iowa Republicans eviscerated public sector bargaining rights in 2017, they hoped to break the state’s largest labor organizations by creating new barriers to union representation. The law requires public employees to recertify their union in each contract period, which is usually two or three years. To be recertified, the union needs a majority of all employees in the bargaining unit to vote “yes.” Anyone who does not vote in the recertification election is deemed to be a vote against the union.

No members of Congress or statewide officials could be elected in Iowa if candidates needed a majority of all eligible voters to win, and non-voters counted against each candidate.

https://www.bleedingheartland.com/2021/ ... ers-union/
ap215
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US service sector expands at record pace in October

SILVER SPRING, Md. (AP) — The rate of expansion in the U.S. services sector, where most Americans work, hit a record high in October as demand remained strong even as supply chain problems persisted.

The Institute for Supply Management reported Wednesday that its monthly survey of service industries — which includes restaurants and bars, trucking companies, hotels and many other businesses — jumped to a reading of 66.7 from September’s reading of 61.9.

https://apnews.com/article/business-0fc ... da0191aff2
ap215
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Jobless claims: Another 269,000 individuals filed new claims last week, reaching fresh pandemic-era low

New weekly jobless claims came in at yet another pandemic-era low, with more progress being made in the labor market as new virus infections fall and companies compete for workers.

The Labor Department released its jobless claims report Thursday morning. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:

https://finance.yahoo.com/news/weekly-j ... 11510.html
gounion
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Post by gounion »

ap215 wrote: Thu Nov 04, 2021 8:28 am Jobless claims: Another 269,000 individuals filed new claims last week, reaching fresh pandemic-era low

New weekly jobless claims came in at yet another pandemic-era low, with more progress being made in the labor market as new virus infections fall and companies compete for workers.

The Labor Department released its jobless claims report Thursday morning. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:

https://finance.yahoo.com/news/weekly-j ... 11510.html
Only ones applying for unemployment are those fired for refusing the vax.
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Number6
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Post by Number6 »

gounion wrote: Thu Nov 04, 2021 10:42 am Only ones applying for unemployment are those fired for refusing the vax.
At first read, you statement seems contradictory but it's not. The number of those filing for unemployment benefits declined so a good number of those who filed could be those who lost their jobs because they refused to get vaccinated.
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gounion
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Post by gounion »

Number6 wrote: Thu Nov 04, 2021 2:28 pm At first read, you statement seems contradictory but it's not. The number of those filing for unemployment benefits declined so a good number of those who filed could be those who lost their jobs because they refused to get vaccinated.
Yep. And Governors in states like Iowa are specifically making people who are fired for refusing a vaccine eligible for unemployment. Normally people fired for cause are NOT eligible.
Motor City
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Post by Motor City »

Ford worker dies in machine accident at Lima Engine Plant in Ohio
A Ford worker died Wednesday night at the Lima Engine Plant in Ohio, the Free Press has confirmed.

"Our plant experienced a tragedy that none of us should ever have to encounter. We lost one of our work family last night to an accident in a machine," wrote Ray Lopinksi in a Facebook post to UAW Local 1219 members obtained by the Free Press. Lopinski is the building chairman.

Patrick Archer, 50, a resident of the Village of Ada, was fatally injured by mechanical equipment at the facility, according to Major Andre McConnahea of the Allen County Sheriff's Office.

The Sheriff's office was contacted at 7:06 p.m. Wednesday regarding the workplace accident at Ford, he said. The situation is under investigation, he said.

Chaplains have been set up for grief counseling for those coping with the loss of a union brother.

He was a mechanical repairman..........
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gounion
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Post by gounion »

Tragic. We come to work, we don't come to die.

When I went to work in the aircraft plant in 1979, injuries happened all the time. We had full-time nurses in the shop - and we NEEDED them. One of my friends lost most of his hand in a brake press - only the thumb left. He was 18.

When I became a toolmaker, it seemed no one with seniority had all ten fingers.

Soon OSHA started making a difference, and safety equipment was installed so that the machines wouldn't cycle with hands inside them, and that helped cut down on a lot.

But it wasn't until the union and company agreed to a union/company safety program, where the union could file grievances if needed. They weren't needed, as the company was also committed to a safer workplace. I was involved in it for a year or two, helped get it off the ground. I was proud of the work we did, to make for a safer workplace for everyone. It also saved the company lots of money, too, as injuries are expensive for companies.

And the way to make it safer is to change the culture, and that means EVERYONE needs to be involved.
Glennfs
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Re: Labor/Economics

Post by Glennfs »

gounion wrote: Thu Nov 04, 2021 5:35 pm Tragic. We come to work, we don't come to die.

When I went to work in the aircraft plant in 1979, injuries happened all the time. We had full-time nurses in the shop - and we NEEDED them. One of my friends lost most of his hand in a brake press - only the thumb left. He was 18.

When I became a toolmaker, it seemed no one with seniority had all ten fingers.

Soon OSHA started making a difference, and safety equipment was installed so that the machines wouldn't cycle with hands inside them, and that helped cut down on a lot.

But it wasn't until the union and company agreed to a union/company safety program, where the union could file grievances if needed. They weren't needed, as the company was also committed to a safer workplace. I was involved in it for a year or two, helped get it off the ground. I was proud of the work we did, to make for a safer workplace for everyone. It also saved the company lots of money, too, as injuries are expensive for companies.

And the way to make it safer is to change the culture, and that means EVERYONE needs to be involved.
That is a very true statement the union back when it was a labor organization instead of a political organization worked and fought hard to make positive changes in the workplace.

My grandfather was a plant superintendent working the night shift at a place like you described and 2 or 3 times a year he would have to rush people to the ER.
" I am a socialist " Bernie Sanders
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