Posts Tagged ‘Labor Unions’

Mish Cheers The Labor Unions

Mish Cheers The Labor Unions; Schwarzenegger Begs Obama For Money, Seeks Permanent State Pay Cuts, Proposes Privatizing Prisons

Courtesy of Mish

California is imploding right before our eyes. However, you do not have to be there to see it, all you have to do is listen to the panic in governor Schwarzenegger’s voice.

Please consider California’s Schwarzenegger wants more federal money

California Governor Arnold Schwarzenegger on Wednesday vowed to pry more dollars from the federal government, which he said took more than it gave, but left details on how to close a $19.9 billion state budget gap until later this week.

In a state of the state speech, the governor said creating jobs was the top priority for his last year in office and proposed spending $500 million in worker training funded by part of the budget which is in surplus.

"We no longer can ignore what is owed to us, or what we are forced to spend on federal mandates," Schwarzenegger told the combined state Assembly and Senate, which must support any budget plan by a two-thirds majority — a bar that has forced months of acrimonious debate in previous years.

Democratic State Controller John Chiang said lawmakers have little time to lose if California’s government is to avoid the same kind of cash shortages that last year forced it to hand out IOUs to pay its bills.

"They’re certainly a year older and I hope a year wiser," Chiang told Reuters.

State Treasurer Bill Lockyer, also a Democrat, described Schwarzenegger’s speech as "essentially the same" as other set pieces by the governor — middle of the road and long on optimism, such as the promise to safeguard education.

"It’s a little hard to square with the fiscal realities," he said, adding that others had tried for years to claw back money from the federal government and the governor might rely too much on such help in the budget plan he releases this week.

Meanwhile, the state needs to sell bonds in coming months to avoid shutting down infrastructure projects, Lockyer said.

Schwarzenegger put the budget hole at $19.9 billion over 18 months, about a billion less than a recent report from the state’s budget watchdog. He blamed the federal government for possible increases because of new healthcare costs.

A new national healthcare policy would be a ‘disaster’ for California, he said.


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Phil's Favorites

The COVID-19 virus can spread through the air - here's what it'll take to detect the airborne particles

 

The COVID-19 virus can spread through the air – here's what it'll take to detect the airborne particles

Researchers are working on handheld devices that can signal the presence of SARS-CoV-2 in the air. fotograzia/Moment via Getty Images

Courtesy of Suresh Dhaniyala, Clarkson University; Hema Priyamvada Ravindran, Clarkson University, and ...



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Biotech/COVID-19

The COVID-19 virus can spread through the air - here's what it'll take to detect the airborne particles

 

The COVID-19 virus can spread through the air – here's what it'll take to detect the airborne particles

Researchers are working on handheld devices that can signal the presence of SARS-CoV-2 in the air. fotograzia/Moment via Getty Images

Courtesy of Suresh Dhaniyala, Clarkson University; Hema Priyamvada Ravindran, Clarkson University, and ...



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ValueWalk

Trump holding up coronavirus stimulus checks to block mail-in voting?

By Aman Jain. Originally published at ValueWalk.

It is now clear that there won’t be any coronavirus relief package this week or possibly this month as well. The reason for the collapse of talks is known to be the difference over several provisions, as well as the size of the package. However, it is possible that President Donald Trump is blocking the deal and the coronavirus stimulus checks because of mail-in voting.

Q2 2020 hedge fund letters, conferences and more

No coronavirus stimulus checks due to mail-in voting?

Speaking to Fox Business on Thursday, Trump suggested that he is holding up the ...



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Zero Hedge

Britain's 'A-Level' Results Crisis & The COVID-Education Train-Wreck

Courtesy of Yves Smith's NakedCapitalism.com

Many of you in the US likely missed the A level testing algo fiasco. Here is the short version, from the Financial Times yesterday:

The government is under mounting pressure to come to the aid of secondary school pupils in England after almost 40 per cent of A-level grades were downgraded from teachers’ predictions.

Amid an angry backlash from pupils and teachers, opposition parties and trade unions led calls for ministers to review how A-level results were modifi...



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Kimble Charting Solutions

Silver Could Be Creating Large Reversal Pattern, Says Joe Friday

Courtesy of Chris Kimble

Could Silver prices from 30-years ago be influencing price action this month? Joe Friday suggests it is possible.

This chart looks at Silver Futures on a monthly basis over the past 40-years. Fibonacci levels were applied to the 1980 highs ($50) and 1991 lows ($.350) in Silver.

The 50% retracement levels of the 1980 high/1991 low came into play as support for a few months at each (1). Once this support broke, Silver fell another 50%.

The impressive rally over the past 8-weeks has Silver testing the 50% retracement level as potential...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Chart School

Silver Big Channel

Courtesy of Read the Ticker

Big channels are the sand pit of price action. Lets review some big trends of these past months.


GLD
- Moving higher to upper solid red line channel


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XAU
- Ready to pause, or simply explode.



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SILVER
- Ready to pause, or simply explode.


Click for popup. Clear your browser cache if image i...



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Digital Currencies

Raoul Pal: "It May Not Be Worth Owning Any Asset Other Than Bitcoin"

Courtesy of ZeroHedge View original post here.

Authored by Turner Wright via CoinTelegraph.com,

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.

image courtesy of CoinTelegraph ...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

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Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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