UK retail sales decline in December this biggest shopping month of the year. Restaurants, stores all showing declining sales and more and more retail businesses are closing. Unemployment rate moved up to 4.7% as more and more are pushed out of the labor market. The entire job numbers are manipulated. Once again the jobs went to health care and part-time jobs. Factory orders plunge, remove defense spending and its a disaster. Fed Williams said get use to GDP below 2%. Wikileaks found Julian Assange told CNN to retract the statement that he was a pedophile or be sued. CNN retracted the statement. Trump doesn’t understand why the FBI did not investigate the DNC hacking, why did a third party investigate. Trump wants to know how NBC received the briefing report before he did, there is a leak. Trump reviewed the findings and there was no hack that manipulated the elections. Obama says Russia did it and he is taking action. Russia is now removing some assets out of Syria. Turkey might ask the US to leave the Incirlik base in Turkey. Obama resubmitted the UN Arms Treaty to the Senate in Dec 2016, and coincidentally we had an event that involved a shooting before he leaves office. This event was most likely used to distract from the Cyber Attack Briefing and that Trump was certified as President by Congress.
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Current News – 01.06.2017
- A spending spree by British shoppers in the week before Christmas failed to prevent sales in December from falling short of the previous year’s level,
- Monthly surveys from accountancy firm BDO and the European Commission (EC) showed retail sales slowed in December,
- Like-for-like retail sales in December fell 0.1 percent year-on-year, according to BDO.
- With Wall Street expecting a 178K payrolls print for president Obama’s final full monthly December jobs report, the headline December nonfarm payrolls increase of just 156K However, the poor December number will likely be offset by a revision to the November print from 178K to 204K, even as October was revised downward from 142K to 135K, for a net revision of the past two months to 19K higher.
- For all of 2016, job growth totaled 2.2 million for the year, less than the increase of 2.7 million in 2015.
- The unemployment rate printed at 4.7%
- in the final Obama jobs report, the BLS announced that the total number of people not in the labor force grew once more, rising by 18,000 in December, and a whopping 841,000 in the past three months, to a new all time high of 95.102 million Americans no longer in the workforce.
- , the collapsing labor force participation rate, remained flat near 35 year lows,
- Something remains very broken with the US labor market: while the unemployment rate remains just shy of the lowest print since August 2007, rising fractionally to 4.7%, wage growth for most workers, as reported earlier, rose just 2.5%, far below the 4.0% it was when the unemployment rate last hit 4.7%.
- This continues to vex economists who have vowed that if only one lowers the unemployment rate far enough, all the slack in the labor market will be soaked up. Alas, that is not happening, for several reasons, the chief of which is that the quality of jobs added remains subpar, with wage growth – especially for less than “supervisory” and management positions – flat.
- . Where are the jobs:
- The most actively hiring sector was health care, which saw a whopping 70,000 increase in December jobs, nearly half of total. Most of the increase occured in ambulatory health care services (+30,000) and hospitals (+11,000). Social assistance added 20,000 jobs in December, reflecting job growth in individual and family services (+21,000).
- : employment in food services and drinking places, which continued to trend up in December (+30,000).
- What is curious is that while retailers have been laying off thousands of people left and right, according to the BLS this category added another 6,300 in December,
- Highly paid construction jobs declined by 3,000 in December
- Finally, government added an additional 12,000 jobs.
- There is a simple reason why the vast majority of American workers, some 82% of them, are not feeling any wage growth: there simply isn’t any.
- December rose 0.4% on a monthly basis, and a blistering 2.9% Y/Y, the highest annual growth since the financial crisis, as shown in the chart below.
- A nice analysis, there is just one problem: it may well be totally wrong.
- As we try to point out every month, this headline hourly earnings number – impressive as it may be – tells an incomplete story as it consolidates earnings for two very distinct labor groups in the US, production & nonsupervisory employees, which comprise the vast majority, or 82.3% of the labor force, and the top echelon of workers, the 17.7% of private workers who are classified as supervisory, and managerial.
- What happens when one looks at just the subset of production and nonsupervisory private workers, which in October amounted to 101.3 million, or just over 82% of the entire private workforce? Well, we find that their wage growth story is very different. According to the BLS, these particular workers made on average $21.80 per hour, up only 2.5% from $21.26 a year ago,
- this particular group of workers saw a 4% annual growth in wages at the time the 2007 recession hit.
- In other words, for the vast majority of American workers, real wage growth is still as anemic as it has been for years, barely outpacing official measures of inflation.
- So where did the wage growth come from? Simple: the 17.7% of supervisory, managerial private workers that are excluded from the above grouping, but make up the balance of America’s 123.1 million private workers. It is this group that saw a surge in their implied average wages, which soared by a record high 4.7% in December!
- , November saw orders plunge 2.4% MoM (worse than expected) and the biggest drop since Aug 2014. This drop comes despite a 103% MoM rise in defense aircraft orders as non-defense aircraft orders crashed 73.8%. Factory Orders also dipped back into negative territory YoY.
- And Year-over-year, Factory Orders declined for the 23rd month of the last 25…
- Fed Williams, says
- Get used to very weak GDP growth — thanks to lack of investment and productivity.
- Trump’s fiscal stimulus, although inspirational, won’t move the needle all that much.
- We’re at full employment, despite the fact that 94% of jobs created under Obama were part time.
- Due to the specter of inflation, rates need to go higher…much higher.
- CNN has all but apologized to Julian Assange after Phil Mudd, a paid analyst, called the WikiLeaks founder a pedophile on live TV. The cable news network’s statement came after WikiLeaks threatened to sue unless an apology was given or an exposé on a plot against Assange aired.
- Closing off his tweeting on Thursday evening, the president-elect questioned why the Democratic National Committee did not reportedly cooperate with the FBI’s investigation of hacks into its servers; a hack which the US intelligence agencies were quick to conclude was the action of Russia despite, allegedly, not having seen all the evidence.
- If the FBI itself never examined DNC servers, Trump wrote on Twitter, “how and why are they so sure about hacking”?
- “What is going on?” Trump added.
- The FBI Thursday released a statement confirming Trump’s claim.
- “The FBI repeatedly stressed to DNC officials the necessity of obtaining direct access to servers and data, only to be rebuffed until well after the initial compromise had been mitigated,” the agency said. “This left the FBI no choice but to rely upon a third party for information. These actions caused significant delays and inhibited the FBI from addressing the intrusion earlier.”
- no U.S. intelligence agency has done an independent forensics analysis on the servers.
- Outgoing Director of National Intelligence James Clapper told the Senate Armed Services Committee that the campaign to sway the election in favor of Donald Trump did, in fact, involve Russian government-coordinated hacks, but,
Hacking was only part of it. It also entailed classical propaganda, disinformation, and fake news.
- Stopping a hair’s breadth from calling this campaign an act of war, Clapper posited,
- “Whether or not that constitutes an act of war. I think, is a very heavy policy call that I don’t think the intelligence community should make” — and then added, “It certainly — would carry, in my view, great gravity.”
- Wikieaks was quick to highlight that according to the report, US officials admitted that the Wikileaks “source” was not Russia, and that the goal posts now shifted to the source’s source:
- “Russia celebrated Trump’s election”.
- The story is loaded with innuendo and irony, so let’s investigate.
- Washington Post: U.S. intercepts capture senior Russian officials celebrating Trump win
- NBC News: Top Russians Celebrated When Trump Won, Intel Report Says: Source
- MarketWatch: Russian officials celebrated Trump’s win, U.S. ID’s WikiLeaks sources: reports
- The Hill: US caught Russian officials cheering Trump win: report
- Thousands of North Koreans gathered for a rally in Pyongyang to show their support for North Korean leader Kim Jong-un and his nuclear program.
- People were chanting communist slogans and shouting out praise for the country’s leader, according to Sky News. In his New Year’s message,
- The Houthi forces stormed another important Saudi base in the Jizan Region on Thursday, killing and wounding many enemy combatants en route to capturing this military installation.
- The Houthi fighters began the attack on Thursday by storming the Al-Malzouz Base in the Jizan after spending several days surveying the area.
- A Syrian government airplane successfully took off from the Aleppo International Airport on Friday, marking the first time in 4 years that any aircraft has taken off from its runways.
- Today’s flight in east Aleppo was a trial attempt before the Syrian government reopens Syria’s second largest airport.
- The reopening of the Aleppo International Airport would give Syria at least four functioning airports that are open to the public.
- Russia says it has begun to draw down its military forces in Syria as a nationwide ceasefire between the government and opposition groups largely holds in the Arab country.
- With the relative success of the current Syrian ceasefire, Russia has begun to withdraw some forces from Syria.
- “In accordance with the decision of the Supreme Commander of the Armed Forces of the Russian Federation, (President) Vladimir Putin, the Russian Defense Ministry is beginning to reduce its armed forces deployment in Syria,” TASS news agency quoted Valery Gerasimov as saying.
- Turkey Warns US Military Support Against ISIS ‘Insufficient’
- With reports that the Turkish government is considering expelling US forces from the Incirlik Airbase over the lack of military support from the US in the Turkish invasion of al-Bab, US officials say they are “baffled,” and that Turkey has actually turned down US air support.
- President Obama did not need any “additional evidence” that Moscow somehow interfered with the US elections prompting him to impose additional sanctions and expel a group of Russian diplomats, the White House has said.
Shooter in Ft. Lauderdale Airport (happened on a Friday)
- A local official said Friday that the alleged perpetrator in the Fort Lauderdale airport shooting, Esteban Santiago, flew in from Canada with his weapon in checked baggage.
- “The shooter was a passenger on a Canadian flight with a checked gun. He claimed his bag and took the gun from baggage and went into the bathroom to load it. Came out shooting people in baggage claim,”
- The Transportation Security Administration allows people to check unloaded weapons and ammunition in baggage.
Now the alleged individual had a military id.
People are saying there multiple shooters, when the person was taken into custody, other individuals had weapons that looked like ARs
It happened on a Friday
Shooter was in custody
Reports that were multiple shooters
It happened in the baggage area
Expect them to change everything in all airports, nobody will be allowed to enter the airport area unless screened.
Checking guns will not be allowed.
Here We Go Again: Obama Sends Arms Trade Treaty to Senate for Ratification – Episode 1152 – 12.14.2016
- With just over a month left in office and no gun control achievements to speak of during his time in the White House, President Obama has sent the United Nation’s Arms Trade Treaty (ATT) to the Senate for one last shot at ratification.
- It was signed by Secretary of State John Kerry on September 25, 2013, but it is not binding because Republican Senators shot down ratification efforts.
- At the time that Kerry signed the treaty the NRA warned, “This treaty threatens individual firearm ownership with an invasive registration scheme [and is full of regulations and requirements that are] blatant attacks on the constitutional rights of every law-abiding American.”
- The “registration scheme” referenced by the NRA is a clear and present danger which still presents itself in this latest ratification attempt. This is because the ATT is advertised as a way to monitor and control the movement of “small arms and light weapons across borders.” To that end, the treaty encourages records for “end use or end [users]” to be maintained for “a minimum of ten years” after the weapons reach their final destination. This requires the creation of a database of sales records–which would include information on the weapons and the owners–and that information would be internationally maintained; after all, this is a UN treaty.
- The treaty gives gun controllers an opportunity to usurp the authority of the Second Amendment, replacing it with the authority of the UN–an unaccountable international body that lacks commitment to the natural rights which served as guiding principles for our Founding Fathers.
- Senator Bob Corker (R-TN) released a statement on Obama’s new attempt at ratification, saying:
Since 2012, many senators, including myself, have expressed opposition to the small arms treaty, citing an array of concerns with Second Amendment rights. Nothing has changed over the last four years to suggest the treaty is in our national interest, and it will remain dead in the water. I reiterate my strong opposition and will work with my colleagues to protect the rights of Americans.
So this happened at the same time Trump is going to be debriefed about the Russian hacking, Elite and Corporate media distracting everyone?
- the nation’s grid is in “imminent danger” of cyberattacks, the Energy Department warned Friday.
- “Widespread disruption of electric service because of a transmission failure initiated by a cyberattack at various points of entry could undermine U.S. lifeline networks, critical defense infrastructure and much of the economy; it could also endanger the health and safety of millions of citizens,” the DOE said in a massive 494-page report. “