ISM Non-ManufacturingIndex at 58.6 indicatesfasterexpansioninAugust http://feedly.com/k/1am3xR3 The August ISM Non-manufacturing index was at 58.6%, up from 56.0% in July. The employment index increased in August to 57.0%, up from 53.2% in July. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: August 2013 Non–ManufacturingISMReportOnBusiness® Economic activity in the non-manufacturing sector grew in August for the 44th consecutive month, say the … Seguir leyendo ISM Non-Manufacturing Index at 58.6 indicates faster expansion in August

Evidence mountsthatChinahadescapedtheworstofemergingmarketsrout http://feedly.com/k/19woYuh The latest data seem to suggest that China has so far been able to elude the severe economic headwinds faced by other emerging economies. Signs of stability have been around for a few weeks, but the first set of direct evidence came from Markit/HSBC PMI, showing China’s manufacturing contraction easing (seeTwitterpost). The official PMI number (to the extent it can be trusted) … Seguir leyendo Evidence mounts that China had escaped the worst of emerging markets rout

Growth inlowpayingjobsandwagedeflationforlow-incomegroups – a painfultrend http://feedly.com/k/1emWGGk A few weeks back the WSJ published a chart showing that growth in US payrolls has been dominated by low wage jobs (seechart). It’s worth exploring the topic some more. Though not precise, one way to confirm this trend is to look at the "indexes of aggregate weekly hours and private payrolls by industry sector" from the U.S. Bureau … Seguir leyendo Growth in low paying jobs and wage deflation for low-income groups – a painful trend

Do Youhave a ‘Bullshit’ Job? http://feedly.com/k/18Mio0y FollowZeroHedgeinReal–TimeonFinancialJuice Don’t get me wrong, I’m not talking about the guy that moans over his doughnuts and café latte every morning that he hates his job. He hates his boss and he hates the wife and the kids even more and that’s why he still comes into the office. That’s not just a shitty job, that’s a shitty life. … Seguir leyendo Do You have a ‘Bullshit’ Job?

Syria andtheworldoilmarket http://feedly.com/k/17OYenA The growing likelihood [1], [2], [3] of U.S. military action in Syria seems to be one factor in the recent sharp rise in oil prices. Source: WTRG. That is not because Syria itself is an important producer of oil. According to the EIA, the country was producing less than 370,000 barrels a day in 2010, only half a percent of the world … Seguir leyendo Syria and the world oil market

The OnlyWayForward: A Pedal-to-the-MetalPlanforEnergySystemTransformation — (Pt. 2 of 3) http://feedly.com/k/13uFk5N ByMichaelHoexter, a policyanalystandmarketingconsultantongreenissues, climatechange, cleanandrenewableenergy, andenergyefficiency. OriginallypublishedatNewEconomicPerspectives. Thisisthesecondofthreeparts. Partoneishere. PolicyInstrumentstoRealizethePedal-to-the-MetalPlan The above list of technological changes to radically reduce and eventually zero-out society’s emissions using current and near-future technologies would represent the largest construction project in the history of humankind by far, occurring over several decades. While these developments are required to preserve something that … Seguir leyendo The Only Way Forward: A Pedal-to-the-Metal Plan for Energy System Transformation — (Pt. 2 of 3)

Math NotAllowedInMcDonald’sNew "DollarMenu" http://feedly.com/k/15Knclp As fast-food workers of the world unite under a common banner of "higher minimum ‘livabale’ wages", one can’t help but reflect on the terrible jobs data this morning and the potential inability of workers to get anything but a low-skill ‘part-time’ job flipping burgers. But most importantly, these workers may soon not be able to afford the product they manufacture. Concerns … Seguir leyendo Math Not Allowed In McDonald’s New “Dollar Menu”

Friday Humor: G20 EndsAbruptlyAsObamaCallsPutin A Jackass http://feedly.com/k/18Bj5uX FromTheBorowitzReport G20 EndsAbruptlyasObamaCallsPutin a Jackass Hopes for a positive G20 summit crumbled today as President Obama blurted to Russia’s Vladimir Putin at a joint press appearance, “Everyone here thinks you’re a jackass.” The press corps appeared stunned by the uncharacteristic outburst from Mr. Obama, who then unleashed a ten-minute tirade at the stone-faced Russian President. “Look, I’m not … Seguir leyendo Friday Humor: G20 Ends Abruptly As Obama Calls Putin A Jackass

Tokyo ToHost 2020 SummerOlympics http://feedly.com/k/1afZkee Despite Mariano Rajoy’s solemn promises that awarding the 2020 Olympics to Madrid would boost the Spanish GDP by 1.8% and lead to the creation of anywhere between 168,000 and a few hundred million new jobs (the latter number is a joke but since it comes from Rajoy, both are equally credible), the Olympic committee cut the Spanish contender before the … Seguir leyendo Tokyo To Host 2020 Summer Olympics

End of U.S. Imperium—Finally!? ObamaAbouttoSufferGloriousDefeatinCongress? http://feedly.com/k/1fJP1zT The coalition of the willing is now down to the US alone as France now wants to wait for more data on alleged gas usage. Yet, PresidentObamarejects G20 pressuretoabandonSyriaairstrikeplan. ObamaPlansFullCourtPress Inquiring minds note that Obama plans a ‘full–courtpress‘ toswayCongress and a speech to US citizens on September 20. Obama’s address to the nation from the White House on Tuesday … Seguir leyendo End of U.S. Imperium—Finally!? Obama About to Suffer Glorious Defeat in Congress?