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miercuri, 19 iunie 2013
"Best Of Just For Laughs Gags - Fathers" from Just For Laughs Gags and more
marți, 18 iunie 2013
Mish's Global Economic Trend Analysis
Mish's Global Economic Trend Analysis |
Posted: 18 Jun 2013 01:08 PM PDT Bloomberg reports Brazilian Currency Touches Four-Year Low, Prompting Intervention Brazil's real touched a four-year low, prompting the central bank to intervene for a second straight day as a report showed higher-than-forecast inflation.Real Monthly Chart Shows Intervention Madness click on chart for sharper image Flashback March 3, 2012: Brazil Declares New Currency War on US and Europe. The Financial Times reports Brazil declares new 'currency war'Check out all these recent reports of Brazilian Real Intervention. Is this madness or what? By the way, with the huge slowdown in China (and Chinese demand for commodities plunging), Brazil is going to have a damn tough time stopping the slide in the Real and an equally hard time controlling inflation. What happened to the alleged nirvana "When the real appreciates, it reduces our competitiveness"? Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
Epic Glut of Graduates Depresses Wages; Fake Job Offers Taint Hiring Statistics Posted: 18 Jun 2013 10:06 AM PDT In response to Pettis on China, Europe, Japan: Bad News for Those Looking for Growth reader "BC" passed on a series of articles about jobs and wages, and matching up graduates with the skills companies seek. The articles are all in regards to China. Change the names and faces, and the stories sound to me like things you could easily read here. The problems are universal: too many graduates, trained in fields where there are no jobs or few openings. Job Prospects for China's Grads Bleak Business Times says Job Prospects for China's Grads Bleak. A record seven million students will graduate from universities and colleges across China in the coming weeks, but their job prospects appear bleak - the latest sign of a troubled Chinese economy.Mish Comment: Well, at least China's middle class is expanding, for now. That's not something we can say here in the US. Fake Job Offers Taint Statistics Forbes writes College Grads Are Jobless In China's "High-Growth" Economy The semi-official Global Times reports that one of China's hottest businesses at the moment is the forging of employment contracts for students. Some universities, concerned about the withdrawal of funding due to high unemployment of their grads, will not hand out diplomas before students supply evidence of imminent employment. The fake contracts, of course, inflate the statistics reported to—and eventually the figures issued by—central educational authorities.Mish Comments: Are fake job offers in China that much different than the University of Phoenix placing someone with a culinary art degree in a job at McDonalds, while padding statistics as a graduate with a job in their field of study? As for growth in China, forget about it. See the top link if you need convincing. Chinese College Graduates Play It Safe and Lose Out The Wall Street Journal reports Chinese College Graduates Play It Safe and Lose Out. Xie Chaobo figures he has the credentials to land a job at one of China's big state-owned firms. He is a graduate student at Tsinghua University, one of China's best. His field of study is environmental engineering, one of China's priorities. And he is experimenting with new techniques for identifying water pollutants, which should make him a valuable catch. Mish Comment: Graduates want to work for State-Owned-Enterprises (SOEs), but SOEs in China are totally out of control, racking up debts that cannot and will not be paid back. SOE need to be dismantled, and they will be (with much pain). The US equivalent would be hoping to get in on the public union pension-for-life gravy train just as the US public pension system is about to crash. Employers and Graduates Mismatched Marketplace.Org has Tales from a Shanghai job fair: Why China's college grads, employers mismatched. Hundreds of HR managers carefully eye prospective employees who, resumes in hand, crowd the floor at a Shanghai job fair. Mish Comments: These kids have no idea what they want to do, and they blame it on the school for not teaching them. How is this different than the average liberal arts major in the US expecting the world at their doorstep just because they have a useless degree that prepares them to do nothing more than work as a part-time retail clerk, 25 hours a week, dumped into the Obamacare system? Yet, we are told education is the answer, without ever addressing the questions "for who? at what cost? in what field?" These articles were purportedly about China. Change the names and faces and the stories are not much different than you can find right here in the US, in Italy, in France, or anywhere else in a slow-grow global economy. After growing at an astronomical rate for years, the cost of education is going to plunge. Job statistics will force that outcome. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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Damn Cool Pics
Damn Cool Pics |
- Romy Beats [Video]
- Guys Give Roommate Unwanted Room Remodel
- One-armed beauty Nicole Kelly crowned Miss Iowa 2013
- Hot Tub Cinema
- Driverless Cars: The Future of Motoring [Infographic]
Posted: 18 Jun 2013 04:37 PM PDT |
Guys Give Roommate Unwanted Room Remodel Posted: 18 Jun 2013 08:39 AM PDT Redditor twoverend was out of town for two months. This gave his roommates plenty of time to 'renovate' his room. |
One-armed beauty Nicole Kelly crowned Miss Iowa 2013 Posted: 18 Jun 2013 08:22 AM PDT Nicole Kelly, 23, just became this year's Miss Iowa 2013 despite the obstacle of being born without her left forearm. "A year ago, I certainly didn't see 'pageant titleholder' in my future," Kelly writes on her "Meet Miss Iowa" biography page. "Perhaps I didn't originally envision this path, but I now know that being Miss Iowa is the perfect fit for me, and I feel so blessed to be surrounded by people who have encouraged me every step of the way. Giving a voice to my platform, Overcoming Disabilities, is a tremendous honor, and I am thrilled to continue my adventure by speaking out and touching lives as Miss Iowa 2013." Kelly will now advance to compete for the Miss America title on Sept. 15 in Atlantic City, N. J., where she will be speaking about the importance of overcoming disabilities. She describes growing up with an abnormal arm "As I grew older, I learned to offset the initial stares I received … with an outgoing personality that would not give in to 'No,' she writes. "This meant that I tried everything! From baseball, to dance to diving, there was nothing I would not try. I found my passion within a world where I was giving people permission to stare … the stage." Kelly graduated from the University of Nebraska-Lincoln in 2012 with a degree in directing and theater management. In September 2012, she had an internship on Broadway with the Manhattan Theatre Club. She is the 72nd woman to hold the title of Miss Iowa. |
Posted: 18 Jun 2013 07:46 AM PDT The Hot Tub Cinema concept combines relaxing hot tubs with good movies and cool places. You can book a hot tub together with your friends to bathe in while watching a movie! There are also individual tickets available to share a hot tub. The hot tubs are obviously cleaned, refilled and heated for every performance. The "jacuzzi cinema" appears in different places in London and other places in England, but the organizers have plans to tour in the near future internationally. The baths are located on roof terraces in central London giving you a bonus view of the beautiful city skyline. |
Driverless Cars: The Future of Motoring [Infographic] Posted: 18 Jun 2013 07:17 AM PDT Driverless cars have often been talked about as the future of motoring, but it seems that they are now far closer to becoming reality than is generally realized. MoneySupermarket has created an infographic giving a bit of background about the market and discussing who is currently leading the race to dominate this industry which promises to revolutionise the motoring landscape. Despite all the hype around the Google solution, it is Mercedes who are currently leading the race to be first to market with a driverless S-Class which is due to be released later this year. However, it is General Motors who are likely to be the real winner as they are working on a car which is capable of parking itself and pick up its owner from location specified using a smart phone application. Click on Image to Enlarge. Image source: MoneySupermarket Car Insurance |
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President Obama Discusses the National Security Agency
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