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wall street

United States, Wall Street, and venture capitalist waging war on jobs and those that have them

by an Unemployed White Male on August 15, 2011

in Business & Economy,Recession

As long as Wall Street and venture capitalists continue to reward corporations for off-shoring and downsizing, we continue to play the fool when we express shock that the U.S. economy is not creating many new jobs.

By Jeffrey Pfeffer, guest contributor to Fortune

FORTUNE — The U.S. seems to be shocked that its economy isn’t creating many jobs, and each monthly report on the unemployment rate and the number of new jobs somehow stimulates more handwringing. I’m not an economist, labor or otherwise, but simple observation suggests one significant contributor to the nation’s job crisis — for a long time, maybe even decades, we have been waging war on jobs and those who hold them.

Read the Fortune article.

Tagged as: economic growth, Economic recovery, Job creation, Jobless, jobs, Unemployment, US economy, venture capitalists, wall street

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Stocks stumble as oil prices plunge

by an Unemployed White Male on May 11, 2011

in Business & Economy,Politics & Government,Recession

NEW YORK (CNNMoney) — Stocks fell sharply Wednesday, as energy and materials stocks were particularly hard hit by a sell-off in oil and gasoline futures.

“Commodities are getting crushed here, and it’s taking the whole market with it,” said David Rovelli, managing director of U.S. equity trading at Canaccord Adams.

Read the full article at CNNMoney.

Tagged as: commodities, Gas, gasoline, Inflation, oil, Oil prices, Recession, sell off, stock market, US economy, wall street

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We’re Still Screwed: Jobless Claims Jump Last Week, Unemployment Remains at 10 Percent

by an Unemployed White Male on January 22, 2010

in Business & Economy,Lancaster County,Recession 2009

For a second week in a row initial jobless claims rose across the United States. Total unemployment remains at 10 percent across America, and has risen to 8.9 percent in Pennsylvania. Locally, the unemployment rate in Lancaster County hovers around 7.3, more than doubling a rate of 3.4 percent less than three years ago. [more…]

Tagged as: Lancaster County, Pennsylvania, Recession 2009, Unemployment, unemployment rates, wall street

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