[beethyday]

QC funds its jobs with taxpayer money. Qu'elle Surprise.

[cxddfrxc]

What's with the unnecessary apostrophe?

[disappointment2]

If something is working it's not because of Obama...

Errr....I never said it was.


I'm happy BAC is up despite share dilution, there will be dilution. Still, it'll be nice to see the next CEO of that company getting the compensation we all know he deserves [/sarcasm]. Though, really, I'm on the fence concerning executive compensation.

Why sarcasm? The next CEO of BAC will not bear any responsibility for its current position if they go external (which I'm assuming they will)

The very fact that BAC is scraping the coffers bare in order to repay TARP and get out from under "executive" compensation restrictions (the word is being thrown around very loosely, as most of the employees impacted are not executives) should tell you how important it is to the company to be able to pay people what it thinks they're worth.

Nobody wanted to take charge of a shithole company where they weren't even allowed to hire talent because Congress was looking over its shoulder constantly. BAC was getting torn alive by headhunters.

[MrGunjMan_]

I thought this was going to mean yuo had finished your thesis.

One of my friends did his in 10 days.

JM

[DonnyKong]

I don't follow the market. What's the point of trying to discern a pattern in brownian motion?

[hellenmoranov]

What's with the unnecessary apostrophe?

actually, he was expressing his desire that Quebec would surpirse everone...

[polleroy]

Quebec is feminin no?

[JulieSmithdccd]

I prefer "flamboyantly homosexual".

[Valdoyes]

[BartRonalds]

It's probably just a stall as companies hire temp employees for the holiday rush.

[smirnoffdear]

Possibly, but I think the seasonal adjustment would control for most of that.

edit: **** you, KH. Let me handle the easy stuff...

[polleroy]

Yeah, too bad no economist has ever thought of that

http://en.wikipedia.org/wiki/Seasonal_adjustment

Do not try to confuse me with facts!

[DJkillos]

I doubt headline unemployment will continue down without any jumps. The only reason it came down this time is that the labor force actually shrank last month.

Agreed. I suspect this might just be another downward blip on an otherwise upward trend (much like July's unemployment number), but I'm trying to be optimistic.

[Bugamerka]

Damn...

The bottom line is the decline in the unemployment rate this month was noise, and the unemployment rate will probably increase further. If the economy adds about 2 million payroll jobs next year, we'd expect the unemployment rate to still be at about 10% at the end of the year.

http://www.calculatedriskblog.com/20...s-why-did.html

[Futfwrca]

So, at least a 33% handwavy error margin (presumably weighted to the low side)?

[Dyslermergerb]

It is too early to start selling jobs?

[noingenah]

http://www.telegraph.co.uk/news/news...h-officer.html

http://hr.leeds.ac.uk/jobs/ViewJob.aspx?m=all&JId=785

You will work on an ESRC funded study on the rise and regulation of lap dancing and the place of sexual labour and consumption in the night time economy. The post will involve qualitative and quantitative data collection and analysis. It is based in Leeds, although some travel to other cities may be necessary.

You will have, or be about to complete, a postgraduate qualification in the social sciences or relevant subject and some appropriate research experience. You will be mainly responsible for access and fieldwork. Good interviewing, communication and organisational skills are essential as is the ability to work independently and as part of a team. Experience of interviewing and conducting surveys is essential, as is prior experience of conducting research in the female sex industry.

It is anticipated that interviews will take place on December 14 2009
Salary: Grade 7 (£29,704 - £35,469 p.a)
The appointment will be made at £31,513 p.a or below since there are funding limitations which dictate the level at which the appointment can start.

[QualityReachOut]

Great recession my ass (as far as Canada is concerned; should also go under "decoupling")

[ThekvandoVideo]

I think Canada is buffered by raw materials prices

This makes no sense whatsoever. Pay attention: when the global economy enters a downturn, commodities prices are strongly negatively affected (outside of gold, which is driven upward by morons proclaiming the end of the world).

This was seen earlier this year and at the end of last year when oil prices (the most relevant commodity for Canada) dove off a cliff from 150$/bbl to 50$/bbl.

How the hell does that "insulate" Canada from recessions?

Secondly, I've continually heard the meme that Canada's financial regulations somehow protected our banks from the financial crisis. While our banks weren't very negatively affected by the crisis, I have no idea what "regulations" were supposed to have protected them. In fact, unlike in the US, there are NO capital requirements for banks whatsoever. Despite that, our banks chose to leverage less than US or especially European banks did.

The only regulatory difference I'm aware of which had any real effect was that our version of the FHA requires higher down payments than the US version does in order for it to insure loans. I wouldn't call this "deregulation" as the FHA is a GOVERNMENT AGENCY.

[Sopsneork]

China seems to have entirely escaped the recession and is setting new all time production records for all sorts of things (like cars) so there is certainly still relatively high demand compared to other recessions. Hell, oil is still up around $80, gold is at a record high, while wood and most metals remain higher then average. I'd say it is a relatively good time to be a commodities producer.