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  1. #3251
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by CalEden View Post
    MEDIA
    Published
    February 1, 2023 5:00am EST
    Bob Woodward condemns media's Russiagate coverage, reveals reporters ignored his warnings about Steele dossier
    What has this Fox News drivel got to do with Joe Biden?

  2. #3252
    Guest Member S Landreth's Avatar
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    12 million jobs in two years





    Jobs reports simply don't get any better than the one we received Friday morning.

    No caveats needed: This is a rip-roaring labor market, in stark defiance of months of recession chatter — and the Federal Reserve's efforts to slow things down.

    Why it matters: American workers — outside of a handful of sectors — are experiencing some of the most plentiful opportunities in generations — even as inflation has been coming down.


    • That is a precarious balance (more on how the Fed might react below), but it is a remarkable state of affairs. The jobless recoveries of the early 2000s now look like ancient history.


    The details: Economists expected jobs growth to decelerate, but instead it surged ahead, with an addition of more than half a million jobs (517,000) in January.


    • The unemployment rate hit an ultra-low 3.4%. To find a water mark lower than that, you'd have to go all the way back to 1953.


    State of play: The blowout job gains may be exaggerated by seasonal adjustments or other statistical quirks. But even if they are ultimately revised lower, a consistent message is being sent by labor data across the board with ultra-low jobless claims and rising numbers of job openings.


    • The hiring slowdown that was supposed to come alongside the Fed's aggressive tightening has not materialized. It sets up something of a conundrum for officials.
    • "It's difficult to see how wage pressures can possibly soften sufficiently when jobs growth is as strong as this," Seema Shah, chief global strategist at Principal Global Investors, wrote in a note.
    • "It's even more difficult to see the Fed stop raising rates and entertain ideas of rate cuts when there is such explosive economic news coming in."


    Yes, but: For now, wage pressures appear to be flat or diminishing, contrary to what economic theory would predict in a booming job market. Rock-bottom unemployment paired with decelerating inflation is an economic dream scenario.


    • Average hourly earnings rose 0.3% in January, slowing slightly from December's upwardly revised 0.4% pace. Over the year through January, hourly earnings are up 4.4%.
    • Over the last three months, wages rose at a 4.6% annual rate — on the high side of what the Fed would consider consistent with achieving its 2% inflation target, but not accelerating.


    The intrigue: January is a notoriously difficult month to interpret jobs data, with annual adjustments made by the Labor Department — some of which are done to account for seasonal patterns.


    • "We got a lot of these gains because employers kept on seasonal workers they would typically lay off," says Diane Swonk, chief economist at KPMG U.S. "This is a lot of labor hoarding, everywhere from leisure and hospitality to retail to construction."
    Keep your friends close and your enemies closer.

  3. #3253
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    Buckaroo Banzai's Avatar
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    The more I see this. the more I think they are grooming Kamala for a 2024 run. Perhaps as a second stringer in case Biden does not run for whatever reason.
    For two years we have seen very little of her, now not a week goes by that I dont see some positive news about Kamala.
    Not that IMO a president Harris would be such a bad thing.
    The sooner you fall behind, the more time you have to catch up.

  4. #3254
    Guest Member S Landreth's Avatar
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    ^not going to happen in 2024

  5. #3255
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Buckaroo Banzai View Post
    The more I see this. the more I think they are grooming Kamala for a 2024 run. Perhaps as a second stringer in case Biden does not run for whatever reason.
    For two years we have seen very little of her, now not a week goes by that I dont see some positive news about Kamala.
    Not that IMO a president Harris would be such a bad thing.
    Yeah, don't think so.

    President Joe Biden-untitled-jpg

  6. #3256
    Guest Member S Landreth's Avatar
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    The Biden administration will distribute $580 million to 15 Native American tribes toward settling water rights claims, the Interior Department announced Thursday night.

    The funds will include $460 million allocated from the bipartisan infrastructure law for settlements reached before November 2021 and another $120 million from the Reclamation Water Settlement Fund, which Congress established in 2009. The 2021 infrastructure law allocated a total of $2.5 billion to address native water rights settlements. The biggest single beneficiary of the funds will be the Confederated Salish and Kootenai Tribes in Montana, which are set to receive just under $157 million.

    In 1908, the Supreme Court ruled in its Winters v. United States decision that tribes have the right to as much water as necessary for their reservations to be self-sufficient. Congress had enacted 34 settlements involving water rights as of November 2021. Despite the seniority conferred by the so-called Winters doctrine, the burden of determining the details has often been placed on individual stakeholders.

    The issue is particularly acute in drought-stricken parts of the western U.S., such as areas along the Colorado River, which is severely overallocated due to the century-old compact that governs its water usage.

    “Water is a sacred resource, and water rights are crucial to ensuring the health, safety and empowerment of Tribal communities. Through this funding, the Interior Department will continue to uphold our trust responsibilities and ensure that Tribal communities receive the water resources they have long been promised,” Interior Secretary Deb Haaland, the first Senate-confirmed Native American Cabinet secretary, said in a statement. “I am grateful that Tribes, some of whom have been waiting for this funding for decades, are finally getting the resources they are owed with the help of this crucial funding from President Biden’s Bipartisan Infrastructure Law.”

    Haaland has emphasized addressing the needs of tribal communities during her time as Interior Secretary, also spearheading an effort to remove slurs for indigenous people from federal place names and to investigate the legacy of federal boarding schools Native American children were removed from their parents and forced to attend.

  7. #3257
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    Quote Originally Posted by harrybarracuda View Post
    Yeah, don't think so.

    President Joe Biden-untitled-jpg
    Which is exactly why they are giving her air time.

  8. #3258
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Buckaroo Banzai View Post
    Which is exactly why they are giving her air time.
    In that case, their "grooming" isn't working.

    I won't bother posting this long story. It's as interesting as she is. But it might give you some background.

    Kamala Harris Is a Flop

    The underwhelming vice presidency of an unpopular former prosecutor has created a succession problem for the Democrats.

    ELIZABETH NOLAN BROWN | FROM THE FEBRUARY 2023 ISSUE
    Harris' Unpopularity Creates a Succession Problem for Democrats

  9. #3259
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    Quote Originally Posted by harrybarracuda View Post
    In that case, their "grooming" isn't working.
    Obviously, since IMO it has just started.

  10. #3260
    Guest Member S Landreth's Avatar
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    not the reason she is in the picture

  11. #3261
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Buckaroo Banzai View Post
    Obviously, since IMO it has just started.
    Mate they can do it from now until Nov 5th 2024, she's fucked.

  12. #3262
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    The Biden administration has united more than 600 children who were separated from their families under former President Trump’s “zero tolerance” policy, officials announced Thursday.

    Thursday marked the two-year anniversary of Biden’s Family Reunification Task Force that he established to reunite children with their families who were separated under the previous administration. The task force, which is housed under the Department of Homeland Security, said nearly 1,000 children still remain separated from their families, according to a press release.

    Of the remaining children, 148 are still going through the reunification process and 183 other families have been notified to start the process, according to the release.

    Today we recognize the dedication of those who have helped reunite these families, and we reaffirm our commitment to work relentlessly to reunite the other families who suffered because of the prior cruel and inhumane policy — a policy that did not reflect the values of our nation,” Homeland Security Secretary Alejandro Mayorkas said in a statement.

    “The Task Force continues to coordinate outreach to families who were separated to ensure they are afforded the opportunity to reunite in the United States and receive critically needed behavioral health services to address the trauma they suffered,” he continued.

    The task force has identified nearly 4,000 children who were separated from their families during the Trump administration. As of Wednesday, 2,926 children were united either before the task force was created or through their efforts.

    The Biden administration launched a website in 2021 to streamline the reunification process and allow those who were separated under the Trump administration to apply for humanitarian parole, which would allow the U.S. to admit those who otherwise may not fulfill immigration requirements.

    “We remain steadfast in our commitment to fulfill President Biden’s pledge to reunify all children who were separated from their families under the “zero-tolerance” policy to the greatest extent possible,” Mayorkas said. “We continue to work diligently to incorporate the foundational principle of family unity in our policies and operations.”

  13. #3263
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    Quote Originally Posted by harrybarracuda View Post
    Mate they can do it from now until Nov 5th 2024, she's fucked.
    That may very well be, but it does not stop it being what it is. It is also possible that it is something else , or a coincidence . but I don't think so.

  14. #3264
    Guest Member S Landreth's Avatar
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    Low unemployment rate good news for Biden ahead of State of the Union

    Decades-low unemployment rate is welcome news for Biden ahead of State of the Union

    U.S. President Joe Biden cheered jobs numbers released Friday morning showing the lowest unemployment rate in almost 54 years, pointing to the report as another example that his policies are working.

    “The last time the unemployment rate was that low was May 1969,” Biden said, speaking from the White House. “More people are coming into the market looking for jobs and getting jobs, a positive sign for the health of the economy going forward.”

    The Bureau of Labor Statistics jobs report released Friday found the U.S. unemployment rate fell to 3.4%, an almost 54-year low, even better than the 3.6% economists expected. Nonfarm payrolls increased by 517,000 in January, far exceeding the 187,000 market estimate and December’s 260,000 gain.

    “We’ve created 12 million — 12 million — jobs since I took office,” Biden said. “That’s the strongest two years of job growth in history by a long shot.”

    The largest gains were in the leisure and hospitality sector, which added 128,000 jobs. Professional and business services, government and health care all saw significant gains as well. Friday’s jobs report showed the strongest payroll gains since July, a positive sign for the economy entering the new year.

    “Even as the job market reaches historic highs, inflation continues to come down. Inflation has now fallen for six straight months,” Biden said. “As inflation is coming down, take-home pay for workers is going up. Real wages are up and wages for lower-income and middle-income workers have gone up even more.”

    Average hourly earnings increased 0.3%, in line with the estimate, and 4.4% from a year ago, 0.1 percentage point higher than expectations.

    The report is welcome news for the White House before Biden’s State of the Union address Tuesday where he looks to take a victory lap for his handling of the economy and urge members of Congress to stay the course. Now in a divided government with the House of Representatives in Republican control and the parties set to have a showdown over lifting the debt ceiling, Biden needs to prove that message.

    “Put simply, I would argue the Biden economic plan is working. For the past two years we’ve heard a chorus of critics write off my economic plan,” Biden said. “Today’s data makes crystal clear what I’ve always known in my gut: These critics and cynics are wrong.”

  15. #3265
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Buckaroo Banzai View Post
    That may very well be, but it does not stop it being what it is. It is also possible that it is something else , or a coincidence . but I don't think so.
    Well it doesn't surprise me that they're testing the waters, but by the time they get their whole foot in I think they will decide it is far too cold.

  16. #3266
    Guest Member S Landreth's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    she's fucked.
    Hardly. She’ll be the VP for the next 6 years

  17. #3267
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    January jobs report: Payrolls surge by 517,000, unemployment rate falls to 3.4%

    Jobs report: U.S. economy adds 517,000 jobs in January, unemployment rate falls to 3.4% as labor market stuns

    U.S. job growth blew past expectations in the first month of the year as the labor market continued to breeze through inflation-fighting monetary tightening by the Federal Reserve.

    The Labor Department released its monthly jobs report for January at 8:30 a.m. ET on Friday. Here are the numbers, compared to Wall Street estimates:

    Non-farm payrolls: +517,000 vs. +188,000 expected

    Unemployment rate: 3.4% vs. 3.6% expected

    Average hourly earnings, month-over-month: +0.3% vs +0.3% expected

    Average hourly earnings, year-over-year: +4.4% vs. +4.3% expected

    Friday's shock numbers mark a sharp jump from the prior month, which saw payrolls rise by an upwardly revised 260,000. The unemployment rate slipped to 3.4% in January, the lowest since 1969.

    The blowout figures come just as the employment picture began to show some signs of moderation, with monthly data on a downtrend in recent months before January's outlier report.

    The Federal Reserve has raised interest rates by 450 basis points, or 4.5%, since March 2022 in an effort to slow the economy and rein in inflation. Friday's data shows that even with these moves, the U.S. labor market remains strong.

    U.S. stock futures fell following the release as the latest data defied investor optimism the Federal Reserve may pause its interest rate-hiking campaign in coming months. Stocks pared some losses early into the session on Friday but remained in red figures.

    On Wednesday after the U.S. central bank delivered its latest interest rate hike, Fed Chair Jerome Powell said the labor market continues to be out of balance, and that reducing inflation is likely to require a period of below-trend growth and some softening of labor market conditions.

    "This is a labor market on heat. Nobody would have expected a number as monstrous as this!" Principal Asset Management chief global strategist Seema Shah said in a note. "Is Fed Chair Jerome Powell now wondering why he didn’t push back on the loosening in financial conditions?"

    "It’s difficult to see how wage pressures can possibly soften sufficiently when jobs growth is as strong as this and it’s even more difficult to see the Fed stop raising rates and entertain ideas of rate cuts when there is such explosive economic news coming in," Shah added.

    Average hourly earnings rose by 0.3%, on par with the monthly increase in December. On an annual basis, wages rose 4.4% in January, a slightly slower pace from 4.6% in December. The labor force participation rate ticked up to 62.4%.

    Gains were widespread across industries, with the largest increases seen across leisure and hospitality, professional and business services, and health care.

    Leisure and hospitality, one of the industries hardest hit by the pandemic, continued its strong recovery, with employers adding 128,000 jobs in January. Employment in the sector remains 495,000 jobs, or 2.9% short of its pre-pandemic February 2020 level but is steadily narrowing.

    Employment in professional and business services rose by 82,000 jobs, while health care added 58,000 jobs in January.

  18. #3268
    Guest Member S Landreth's Avatar
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    Such good news for Biden/Harris administration

    Quote Originally Posted by S Landreth View Post
    12 million jobs in two years





    Jobs reports simply don't get any better than the one we received Friday morning.

    No caveats needed: This is a rip-roaring labor market, in stark defiance of months of recession chatter — and the Federal Reserve's efforts to slow things down.

    Why it matters: American workers — outside of a handful of sectors — are experiencing some of the most plentiful opportunities in generations — even as inflation has been coming down.


    • That is a precarious balance (more on how the Fed might react below), but it is a remarkable state of affairs. The jobless recoveries of the early 2000s now look like ancient history.


    The details: Economists expected jobs growth to decelerate, but instead it surged ahead, with an addition of more than half a million jobs (517,000) in January.


    • The unemployment rate hit an ultra-low 3.4%. To find a water mark lower than that, you'd have to go all the way back to 1953.


    State of play: The blowout job gains may be exaggerated by seasonal adjustments or other statistical quirks. But even if they are ultimately revised lower, a consistent message is being sent by labor data across the board with ultra-low jobless claims and rising numbers of job openings.


    • The hiring slowdown that was supposed to come alongside the Fed's aggressive tightening has not materialized. It sets up something of a conundrum for officials.
    • "It's difficult to see how wage pressures can possibly soften sufficiently when jobs growth is as strong as this," Seema Shah, chief global strategist at Principal Global Investors, wrote in a note.
    • "It's even more difficult to see the Fed stop raising rates and entertain ideas of rate cuts when there is such explosive economic news coming in."


    Yes, but: For now, wage pressures appear to be flat or diminishing, contrary to what economic theory would predict in a booming job market. Rock-bottom unemployment paired with decelerating inflation is an economic dream scenario.


    • Average hourly earnings rose 0.3% in January, slowing slightly from December's upwardly revised 0.4% pace. Over the year through January, hourly earnings are up 4.4%.
    • Over the last three months, wages rose at a 4.6% annual rate — on the high side of what the Fed would consider consistent with achieving its 2% inflation target, but not accelerating.


    The intrigue: January is a notoriously difficult month to interpret jobs data, with annual adjustments made by the Labor Department — some of which are done to account for seasonal patterns.


    • "We got a lot of these gains because employers kept on seasonal workers they would typically lay off," says Diane Swonk, chief economist at KPMG U.S. "This is a lot of labor hoarding, everywhere from leisure and hospitality to retail to construction."

  19. #3269
    Guest Member S Landreth's Avatar
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    Joe Biden praised the Top Gun fighter jet pilot who shot down the Chinese spy balloon off the coast of South Carolina today after he vowed to 'take care of it.'

    An F-22 Raptor out of Langley Air Force base took the balloon down with a single AIM-9X sidewinder missile at 2.38pm, separating its surveillance payload and sending it plummeting towards the ocean off Myrtle Beach.

    Footage showed the jet screaming towards the spy aircraft before firing the missile as stunned locals watched from the coast.

    An operation was underway to recover the wreckage and retrieve any valuable intelligence before it sinks into the ocean.

    Biden told reporters, 'I ordered the Pentagon to shoot it down on Wednesday as soon as possible without doing damage to anyone on the ground. They decided that the best time to do that was when it got over water.'

    'They successfully took it down it down and I want to compliment our aviators who did it,' the President said he stepped off Air Force One en route to Camp David at Hagerstown Regional Airport, Maryland.

    The Pentagon confirmed: 'The balloon, which was being used by the People's Republic of China in an attempt to surveil strategic sites in the continental United States, was brought down above US territorial waters.'


    "They successfully took it down, and I want to compliment our aviators who did it," Biden said.

  20. #3270
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    Excellent idea. A splash down of the payload should minimize damage to it, allowing DARPA to study it and derive whatever intelligence it can from it.

  21. #3271
    Guest Member S Landreth's Avatar
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    The White House on Thursday marked one year since President Biden relaunched the Cancer Moonshot initiative, announcing a series of new efforts to reduce cancer deaths and provide support to those getting treatment.

    The National Cancer Institute will launch a new public-private partnership to assist families with children diagnosed with cancer, the White House said. The Childhood Cancer — Data Integration for Research, Education, Care, and Clinical Trials, or CC-DIRECT, will provide support to families to help them find ideal care for their child and participate in research initiatives like clinical trials and share data on optimal treatments.

    The new program is a collaboration between the National Cancer Institute, the American Association for Cancer Research, the American Cancer Society, the Office fo the National Coordinator for Health Information Technology and several other groups.

    The White House also announced that the the Health Resources and Services Administration is awarding $10 million to improve access to cancer screenings to improve early detection. The funds will go to 22 National Cancer Institute-designated cancer centers, which will conduct patient outreach in their communities to promote early detection.

    The Department of Health and Human Services is also launching a public-private partnership called CancerX, an innovation initiative to accelerate the development of biotech and health tech startups focused on cancer care, especially those with equity in mind.

    The initiatives announced Thursday will be led by Biden’s “Cancer Cabinet,” which is made up of medical experts and roughly 20 administration officials from the White House, the Department of Commerce, the Department of Labor and other agencies.

    Biden in February 2021 relaunched the Cancer Moonshot with the goal to cut the cancer death rate in half over the next 25 years and improve the lives of caregivers and cancer survivors. Biden oversaw the original moonshot initiative during the final years of the Obama administration.

    The cause of ending cancer has been personal for Biden, whose son Beau Biden died of brain cancer in 2015 at the age of 46. The president has talked about ending cancer throughout his campaign and presidency, saying it would be a priority for him. He has also framed it as a bipartisan effort, meeting with members of both parties at the White House during his first year in office to discuss the effort.

    White House announces new cancer initiatives on Moonshot anniversary

  22. #3272
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    Quote Originally Posted by malmomike77 View Post
    when you add up Oz's and Malays and Germanys its a wonder you can sleep at night with all that National worry
    A well-travelled ex-SAS man like you should know the difference between an ethnicity and a country . . . but then you're a mental midget, so you don't.

    Aside from which I only live in one country . . . but that logic probably escapes you as well. Keep stalking and trying to troll, soap-dodger.



    Quote Originally Posted by harrybarracuda View Post
    Mate they can do it from now until Nov 5th 2024, she's fucked.
    Democrats who vote irrespective of who is running will be there in numbers . . . the issue is probably more one of getting them off their arses to go and vote if the candidate isn't interesting or exciting enough

  23. #3273
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    Quote Originally Posted by panama hat View Post
    Democrats who vote irrespective of who is running will be there in numbers
    Actually the big problem with Clinton was that a lot of Democrats did exactly the opposite and refused to vote for her because she was so unlikeable.

    It seems Kamala has a similar problem.

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    Quote Originally Posted by panama hat View Post
    A well-travelled ex-SAS man like you should know the difference between an ethnicity and a country . . . but then you're a mental midget, so you don't.

    Aside from which I only live in one country . . . but that logic probably escapes you as well. Keep stalking and trying to troll, soap-dodger.

    Democrats who vote irrespective of who is running will be there in numbers . . . the issue is probably more one of getting them off their arses to go and vote if the candidate isn't interesting or exciting enough

  25. #3275
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    Quote Originally Posted by harrybarracuda View Post
    What has this Fox News drivel got to do with Joe Biden?
    Truthfulness and objectivity. As you displayed here you are blinded by your demagoguery.

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