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The gushing over the employment report was enough to make me retch, and the fact that utterly nobody called anyone on it is even worse. 

The U.S. economy added 321,000 jobs in November, the strongest month of hiring since January 2012, while the unemployment rate held at 5.8%, the Labor Department said Friday. The stronger-than-expected hiring figure puts the economy on track to post the strongest year of job creation in 15 years. Economists called the report “a blockbuster” and “surprising and encouraging.” Some economists suggested the report was so strong the Federal Reserve may consider starting to raise short-term interest rates sooner than previously expected. Here are more reactions from economists.


Is the number in the second column (November) higher or lower than that in the first (October)?

Those are the actual numbers reported from the household survey.

The economy "added" 321,000 jobs in November?  No, the BLS added about 600,000 jobs to the number actually reported by households!

If you're willing to simply "report" whatever is on the headline of a data release without bothering to read the ****ing thing first you're not a journalist, you're a shill or worse, a paid spammer.

If you're willing to believe this sort of **** without reading the report first then you're a low-information voter and deserve what you get when your view of the economy and the world around you turns out to be 180 degrees from reality.

Yes, on the numbers this is still positive on an annualized basis due to the positive number last month -- a month that is normally negative.  But this month was negative on the household survey, and quite-strongly so, implying that this was simply an oscillation last month and not a trend.

Further, the employment:population ratio contracted this month, as expected given the raw data.

Nobody reads beyond the first sentence of these "data releases" any more do they?

PS: I was sufficiently shocked by what I saw yesterday when this came out originally that I decided to wait until Saturday to see who picked up on it the so-called "mainstream" reporting and economic analysis fields.  The answer is pretty clear from that linked WSJ blog; there is no longer a mainstream economic field that relies on numerical analysis, it is all simply a paid shilling machine for the government and whatever lie they wish to distribute on a given day.  Think about that for a minute and whether there's a point to sites like The Market Ticker in the face of this, given that those institutions and organizations only exist because you fund them with your tuition dollars and consumer purchases.

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This is why you want to build something that you cannot break "on command" by anyone.

In both cases, the seized phones—one of which is an iPhone 5S—are encrypted and cannot be cracked by federal authorities. Prosecutors have now invoked the All Writs Act, an 18th-century federal law that simply allows courts to issue a writ, or order, which compels a person or company to do something.

Some legal experts are concerned that these rarely made public examples of the lengths the government is willing to go in defeating encrypted phones raise new questions as to how far the government can compel a private company to aid a criminal investigation.

New examples?

Never seen a subpoena you can't disclose and must comply with, have you?

Well, I have.  And if you recall a few years ago right here, on The Ticker, there was a huge hue and cry from "users" who got all bent out of shape when I made very clear that were I to be served such a set of papers I would comply with the demands made, and further, I would expect said user that caused me to incur said cost to pay for the cost(s) of compliance and/or harm done to me.

In my opinion that's entirely reasonable.  After all but for your actions and inaction in putting a stop to this sort of **** in the first place I wouldn't have had that cost (including quite possibly a very material cost of legal defense) thrown upon me.

This policy was not new, by the way -- it was just better-explained at the time.  It was the same position I took when I ran MCSNet, for the same reason.

I didn't sign up to be your whipping boy upon which you can offload the costs of your actions upon, nor your inactions in allowing a government to exist that pulls this sort of thing.

But in this case the point is that Apple (and Google, maybe) are changing their software so they cannot get back in if you encrypt a device. That solves the problem because no court or law and compel you to do an impossible thing.

Incidentally, BlackBerry is in that category too, and you just got a bonus in this regard with them as Germany required the company to guarantee it would not build in back door means of decryption for any government, including theirs and the United States, as a condition of approving a recent German acquisition.

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Comment: Isn't it interesting that everyone wants to make this about race.  It's not.  It's about whether Brown was charging Wilson when he fired, and whether Wilson fired at Brown's back, whether he hit him or not.

Amazingly, there appear to only be two places in the media talking about the facts -- that would be right here, and believe it or not, on Daily Kos.  Yep..... on the far left.

Everyone else wants to talk about racist cops or racist thuggish black men.  Ferguson has nothing to do with either when you get down to the point of law at issue.  But heh, while you can indict a ham sandwich you can also pervert a Grand Jury by essentially running one in reverse, putting on a defense case instead of a prosecutorial one -- and that's no less abusive than when it's done the other way around.

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I have long believed that in general one should respect the process of the law even when the result isn't what you believe should have occurred; after all none of us are omniscient.  But the recent perversion not once but twice when it comes to cops killing civilians has shaken my belief in that precept to the core, bringing it dangerously close to rupture.

In Ferguson the issue became race on both sides; those supporting the cop essentially retreated to the argument that he was a thug (not being willing to simply call him a ****** any more, you see -- now we have a kinder, gentler form of racism -- right?) while those demanding a trial simply played the whitey shot black man card.

Nobody, with the exception of this site and, believe it or not, one particular thread on Daily Kos, have examined the actual issue -- the fact that the physical evidence did not support the police officer's narrative -- not originally, not as the case developed and not in the Grand Jury testimony.

Further, there is plenty of hard, documentary evidence of intentionally false instructions being given to the Grand Jury -- specifically, the standard for the use of deadly force by officers was presented to them as the pre-Supreme Court decision in 1985 (Tennessee .v. Garner) on shooting fleeing felons.  The Grand Jury was instructed that this was permissible when in fact this has not been for 30 years.  That's not an accident, it is intentional and willful misconduct on the part of the authorities.  Were you or I to give an intentionally false presentation to a Grand Jury we'd find ourselves in prison and with good cause.  The Prosecutor will not face that same punishment, yet it was a direct and proximate cause of the no-bill decision.

But now we have the NYC case in which there was a refusal to indict as well -- and this is even more outrageous as the conduct in question, a police choke-hold that was found by the medical examiner to be the cause of death as he ruled it a homicide is a banned practice in most police departments -- including in NYC.

So here we have a cop who engaged in a practice specifically prohibited to him on a suspect who had committed no violent offense (he was accused of illegally reselling cigarettes) and that practice was the direct and proximate cause of the suspect's death.

Yet he too was not indicted.

Folks, you are the check and balance on this sort of horse**** as you sit in the Grand Jury rooms.  You decide.

And what you, I, and everyone else is compelled to decide is that the police are not to be given deference.  At all.  Ever.  Nor are the prosecutors.  They may not be presumed to be telling the truth in either Grand Jury rooms or during trials as we now have one case in which we know the prosecutor factually lied to the Grand Jury and a second in which a banned practice did not result in an immediate felony arrest for assault, irrespective of Grand Jury proceedings.

It's time for a change, and the change starts with you.

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According to the National Review Hotline, Kathrina Tugadi owner of Seattle’s El Norte Lounge, no longer hires musicians for her restaurant, she said she can’t justify expenses that don’t directly “add to the bottom line.” And, she says, hours will have to be cut: El Norte Lounge plans to stop serving lunch and only serve dinner.

Here it comes Seattle.

You deserve this if you live there and did not immediately remove those who voted for this change -- and let's remember that the vote was unanimous.

This is your government.  And let us remember that The Department of Labor, that means OBAMA and the Federal Government, is trying to do the same thing.

Sure, they can do it.  If you let them.

But you will not get a $15 minimum wage if you're currently making under $10.  You are very likely, in fact more than half-likely, to get zero instead because the company you work for will either fire you, replace you with a computer if it can, or cut back your hours dramatically.

Welcome to this thing called arithmetic folks, and for those of you who thought you could cram this down employer's throats, no, you can't, for the simple reason that for most employers labor is one of, if not the largest cost of their operation.  Adding 30% or more to that operating cost will turn a profit into a loss at which point the company ultimately goes out of business and then you no longer have a job.

Stupidity has a price -- in this case the price is that you get to live under a freeway overpass.

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