Comment Re:Seriously? (Score 1) 55
You would need to add at least a couple of 0s for it to even begin to seem reasonable.
You would need to add at least a couple of 0s for it to even begin to seem reasonable.
Don't see too many cars on walking paths and sidewalks. The number of e-bikes on walking paths and sidewalks has skyrocketed. It's almost as if someone decided being a pedestrian is a sinful activity, and that every walkway must now be infested with morons on wheels.
Then let me get started on mobility scooters.
I'd just like them banned from walking paths. At least once a day I'm getting some crazy asshole ringing his bell as he comes flying up behind me. I'm not a fan of any kind of bike on walking paths, but at least the people on regular bikes have more control. The worst are probably older riders who often seem like they're barely in control. And the three wheeled ones take up outrageous amounts of space on smaller paths, regularly forcing other users on some of the narrower paths I frequent to get to the side of the road.
It's hard to imagine, short of motor vehicles, anything more hazardous to a pedestrian than some stupid prick on an e-bike.
Socialism with American Characteristics
Iowa's rolling farm fields of coffee
Indeed, I fully agree. The funny thing is, monthly numbers would help us move away from the distortions of the quarterly cycle. If key data reporting becomes frequent enough, you can't get into a cycle of "do adverse-numbers stuff early in the quarter and then cram positive-numbers stuff into the end of the quarter". You have to - *gasp* - just run your business normally.
Some businesses could still manage to switch to a monthly cycle, but anyone who deals significantly in transoceanic feedstocks/parts/goods shipments won't be able to.
BLS numbers aren't some sort of dark art. They're literally just the compiled numbers reported by companies. Numbers are what they are. To fight against jobs numbers is to fight against reality.
People get confused by the existence of revisions. The problem is that not all data gets reported in a timely manner. When late data comes in, it causes revisions to the earlier reported numbers, either up or down.
Firing the head of the BLS because you don't like what numbers US companies reported is just insane Banana Republic-level nonsense.
Yes, he fired the same person who was ultimately responsible for putting out crap numbers.
US reporting has always been the gold standard. Nobody has accused the BLS of "crap numbers" until Trump decided he didn't like them. It's is so way outside the norms it doesn't even resemble something that could conceivably happen in the US; this is banana republic-level stuff.
Yeah, as an investor, my reaction to this proposal was, oh HELL no.
TL / DR:
BLS chief: "Jobs are turning bad now."
Trump: "Fake news, you're fired. I'm appointing a January 6th rioter conspiracy theorist to head the BLS!"
BLS today: "Jobs were ALREADY bad!"
The fact that you take at face value a revision of Biden-era job numbers, immediately after Trump fired and replaced the BLS chief explicitly because he published jobs numbers Trump didn't like, is....
Well, it's certainly a choice.
"Unibus timeout fatal trap program lost sorry" - An error message printed by DEC's RSTS operating system for the PDP-11