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alstry (35.98)

Unemployment 25%....McKinsey Adopts Alstrynomics

Recs

19

October 12, 2009 – Comments (12)

It takes a while for McKinsey Fools to catch Alstrynomics....at least they are getting closer. 

The Los Angeles Times Reports on the Current Un-Employment Situation: In addition to the 15.1 million people counted as officially unemployed, the number of people so discouraged that they have quit looking for jobs is 9.2 million.

Is the total number of unemployed now 24,300,000?

No.

The newly defined “de-facto” unemployment rate does not include all the categories of people who are no longer in the labor force, in other words, the under-employed, the marginally employed, and the part time job seekers who can no longer find work.

Data from The McKinsey Global Institute estimates the real de facto unemployment rate in the United States would be 24.78%.

Thus, there are almost 39 million, not 15.1 million, or even 24.3 million Americans who are no longer working or looking for work.....

President Obama is running out of time.....what will he do....fight or restructure????......remember, small business is responsible for 50% of jobs in America.....and the bankers are cutting small business off of credit.

With so many businesses shutting down....and now health care and government shutting down....30, 40, 50% unemployment is not too far away.......but thank goodness 80% of the economists think the recession is over.....whew!!!!!

But these are the same idiots that can't see we are ALREADY deep into a Depression......and when the dollar is cut off.....we will be in something no one can foresee.

 

12 Comments – Post Your Own

#1) On October 12, 2009 at 8:55 PM, jddubya (< 20) wrote:

LOL

Yup, you're still the best comic relief there is on this website.

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#2) On October 12, 2009 at 9:07 PM, alstry (35.98) wrote:

Thank you for reading......

As I said...Worse than The Great Depression.....WSJ

For the hotel industry in the continental U.S., this downturn is the worst since the Great Depression. But the Hawaiian resort industry is taking a beating that's even more severe.

It is just a matter of time.......it's all planned

WASHINGTON -- Americans have historically swung between anger at big business and anger at Washington. This year their rage has targeted business and government with equal fury.

Public frustration over Wall Street failures that led to the financial crisis was typified by the uproar over bonus payments to American International Group Inc. executives. Those feelings haven't dissipated, political strategists say. At the same time, Americans are equally upset at what they call overreaching by Congress and federal bureaucrats, with protesters taking to the streets to decry "socialism" and a "government takeover" of the economy.

11.10.9.....................................................

What do you think it will be?????

U.S. dollar buys 89.63 yen vs 89.78 yen Monday

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#3) On October 12, 2009 at 9:28 PM, alstry (35.98) wrote:

Health Care has gone from employing 7% of the population to 11% of the workforce in the past 10 years......

If we simply go back to 1999 ratios...expect approximately 5 million people to lose their jobs.....

University of Toledo Medical Center - 50

The problem now is too few are working to support medicare and social security....we are reaching critical imbalances.

By the nature of concentric contraction arising from zombulation...we are likely to see some palpable symptoms arising by 11.10.9........

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#4) On October 12, 2009 at 9:40 PM, alstry (35.98) wrote:

PLUS 1000 MORE......AND ITS JUST THE BEGINNING....AS SO FEW ARE HIRING.....

Oct. 12 (Bloomberg) -- The Chicago Transit Authority proposed bus and rail service cuts as well as fare increases to close a $300 million budget gap prompted by pension obligations, union contracts and a weak economy.

The agency projected a $213 million drop in revenue from sales and real-estate taxes, CTA President Richard Rodriguez said at a news conference. The city’s failure to win the 2016 Olympic Games may have worsened the CTA’s financial outlook, he said.

“There was no secret talks behind the scenes that if we were to get the Olympics the federal government would give us a windfall,” Rodriguez said. “It made sense to everyone that if there was anything needed to be invested in the city of Chicago that public transit was one of those items -- had we obtained the Olympics.”

The agency will cut more than 1,000 union positions as well as 100 non-union administrative jobs, he said.

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#5) On October 12, 2009 at 9:51 PM, alstry (35.98) wrote:

DON'T GET SICK....THE HOSPITAL MAY BE CLOSED....

Hospital closure bill awaits Paterson’s pen

Some small- and medium-size hospitals are cutting care that doesn't bring in enough cash.

A hospital in suburban Akron recently eliminated its maternity ward, and a Marysville hospital jettisoned inpatient mental-health care.

Along the Ohio River, the Southern Ohio Medical Center in Portsmouth briefly declined to admit children overnight....

YES MY FRIENDS...THE #1 PROBLEM FACING THE WORLD RIGHT NOW IS OVERPOPULATION......

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#6) On October 12, 2009 at 10:02 PM, alstry (35.98) wrote:

OUR CAMPUSES BLEEDING....AND NO DOCTOR AROUND?

Idaho State University Looking At Merging Departments

Alabama A&M faces budget issues

Budget cutbacks making it difficult to earn college degree

University of Minnesota confronting pain of budget crunch

County on furlough: Budget cuts at HSU reverberate throughout local economy

WITH CREDIT CUT OFF TO SMALL BUSINESS.....FEW ARE HIRING

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#7) On October 12, 2009 at 10:07 PM, alstry (35.98) wrote:

HEALTH CARE...EDUCATION...GOVERNMENT...AUTOS.....MANUFACTURING.....AIRLINES.....BANKING......HOUSING......AND NOW COMMERCIAL REAL ESTATE......

Ending at 8.71%, cap rates were up again. The 59 basis point gain is the largest quarterly increase we have ever measured, even trumping last quarter's previous record.

THE ZOMBULATOR NEVER STOPS.....NEVER!!!!!!  UNTIL YOU RESTRUCTURE!!!!!!!

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#8) On October 13, 2009 at 12:01 AM, alstry (35.98) wrote:

Cost Cuts Lift Profits
But Hinder Economy

 

U.S. stocks notched new 52-week highs, thanks to corporate America showing better-than-expected profits. But that optimism belies deep worries about the strength of the economic recovery.

 

Now the WSJ is thinking.....why don't we just fire everyone...think of the profits!!!!!!!!!!!!!!!

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#9) On October 13, 2009 at 12:06 AM, alstry (35.98) wrote:

 

Cit Group Bankruptcy Looms as Debt Swap Struggles : Sources

Utah Bankruptcies up 62% From a Year Ago 

Bankruptcy Filings on Track to Hit 1.4 Million in 2009

The governor said that without a contract that provides $25 million in personnel savings, as many as 750 state workers will be laid off.

AMERICA IS SHUTTING DOWN AND AMERICANS GETTING EXTERMINATED....AS THE BANKERS GET BILLIONS IN BONUSES....

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#10) On October 13, 2009 at 12:11 AM, alstry (35.98) wrote:

IT JUST DOESN'T STOP...THANK GOODNESS THE RECESSION IS OVER!!!!!

A new president at Bashas' Inc. has cut benefits to many of the company's 10,000 employees in an effort to trim costs and pave the way for the grocer's planned emergence from Chapter 11 bankruptcy protection early next year.

IT IS ONLY 10,000 GETTING WAGE CUTS....WHEW!!!!!!

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#11) On October 13, 2009 at 12:15 AM, alstry (35.98) wrote:

WHOOPS...20,000 OVER HERE!!!!!

At Safeway and Fry's 20,000 employees represented by Local 99 are in the midst of contract negotiations have threatened to strike over a proposed increase in health care premiums, and salary issues.

EXCEPT FOR THOSE THAT WORKED AT THESE STORES THAT CLOSED.....

Bashas' cuts back

The 14 grocery stores slated for closure by Oct. 10 include 10 in metro Phoenix and four outside metro Phoenix.

THEY GET FIRED!!!!!!!

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#12) On October 13, 2009 at 12:20 AM, alstry (35.98) wrote:

BRING BACK THE RECESSION...THIS RECESSION IS OVER THING IS SHUTTING DOWN AMERICA!!!!!!!!!!!!!!!!!!!!!!!!!

Seven workers at Erie County Job and Family Services will lose their jobs next week, adding to the 10 employees the agency laid off last month in response to reductions in state funding.

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