Thursday, January 19, 2012

Thursday Morning Links

1. A free market for wheat comes to Canada for the first time since 1943 as the Canadian Wheat Board ends its 69-year grain monopoly.  

2. TurboTax Goes Mobile: you can now prepare and file your income taxes with a mobile device.

3. Auto industry goes on a U.S. hiring binge.

4. Manufacturing employment has grown faster in the U.S. than in any other leading developed economy since the start of the recovery, as productivity gains and subdued pay rises raise hopes for an American industrial renaissance.

5. Reshoring: Business returns to U.S. as Asia loses edge.

6. North America will become almost totally self-sufficient in energy in two decades, thanks to a big growth in the production of biofuels, shale gas and unconventional oil. 

9 Comments:

At 1/19/2012 12:44 PM, Blogger sethstorm said...

Now the US needs to lock those jobs so that they stay in the US.

 
At 1/19/2012 1:59 PM, Blogger OBloodyHell said...

>>> A free market for wheat comes to Canada for the first time since 1943 as the Canadian Wheat Board's ends its 69-year grain monopoly.

Well, that's the end of Canadian wheat! How ever will the wheat producers ever survive without the assistance of the Canuck version of the ever-ready Hank Kimball?

 
At 1/19/2012 2:00 PM, Blogger Junkyard_hawg1985 said...

It looks like the Department of Labor messed up the seasonal adjustments on the weekly unemployment results this week. One year ago, there were 549,688 first time claims for unemployment. After seasonal adjustments, there were 415,000 claims (SA). This comes out to a seasonal correction factor of 0.755. For the same week this year, the unadjusted data showed that there were 521,613 first time claims. If you use the same seasonal correction factor as last year, it says there were 394,000 first time claims (SA) which is very consistent with the last few weeks. The Department of Labor reported 352,000 first time claims (SA). That is a HUGE discrepancy.

 
At 1/19/2012 2:00 PM, Blogger OBloodyHell said...

>>> TurboTax Goes Mobile: you can now prepare and file your income taxes with a mobile device.

If you can do your taxes on something with a 4" screen, you probably aren't paying any taxes.

 
At 1/19/2012 2:45 PM, Blogger morganovich said...

jh-

that's a good catch.

seasonal adjustments get pretty wooley when there have been big swings, even if you are trying to play it as straight as you can.

this may be a part of the larger redo of methodology around employment.

the jan numbers for unemployment etc are being calculated in a new way and are not directly comparable to the ones from previous years.

i have not had a chance to work through this yet to see what the net effects are, but if history is any guide, expect the numbers to read lower.

the BLS etc have become highly politicized and i would certainly not put it past the scheisters in DC to adulterate the economic figures in an election year to make the jobs picture look more favorable.

 
At 1/19/2012 6:14 PM, Blogger juandos said...

"How ever will the wheat producers ever survive without the assistance of the Canuck version of the ever-ready Hank Kimball?"...

Wow! Green Acres fan obh?

 
At 1/19/2012 7:18 PM, Blogger bob wright said...

Apostrophe alert:

"1. A free market for wheat comes to Canada for the first time since 1943 as the Canadian Wheat Board's ends its 69-year grain monopoly."

 
At 1/20/2012 8:51 AM, Blogger Jon Murphy said...

Apostrophe alert

Poor Dr. Perry. We are just crucifying him with these things.

On a different note:

That is a HUGE discrepancy.

Precisely why I don't like seasonally adjusted numbers.

 
At 1/20/2012 1:01 PM, Blogger OBloodyHell said...

>>> Precisely why I don't like seasonally adjusted numbers.

Seasonally adjusted numbers are fine. It's government fiat numbers that are dangerous.

"Hey, Barry, what should we set the employment numbers to?"
"Well, we need a boost in the polls this month, make 'em about 5% less than last month!"

GFNs are also used to promote AGW, in case it wasn't obvious. They're pre-made for libtard politicians to use for bloviating.

 

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