Posts Tagged ‘teens’

Shock Troops of Corporate Empire: Hip-Hop, Fast-Food and Social Media (August 26, 2010)

Charles presents the dark side of social media and argues that along with hip hop and fast-food, it is a mechanism to wreck the best within us and turn us into over-consuming, desensitized airheads and zombies.  He argues that the "global marketing complex" is designed to undermine "our sense of internal security by objectifying the measures of self-worth." Let’s say this is so, but has it ever been different and are hip hop, fast foods and social media really just new tools and devises to accomplish this goal? – Ilene 

Shock Troops of Corporate Empire: Hip-Hop, Fast-Food and Social Media   

Courtesy of Charles Hugh Smith, Of Two Minds 

Disc jockey

The shock troops of Corporate Empire actively undermine traditional culture, health and engagement with the real world, clearing the way for colonization and passive consumption. 

The defenders of hip-hop, fast food and social media are legion. Critics of these Corporate Empire shock troops are labeled (and thus dismissed) as fusty social "conservatives," anti-technology Luddites and "liberal" busy-bodies getting in the way of "consumer’s right to choose" their own music, food and hobbies.

The irony is the most passionate defenders of hip-hop, fast food and social media are unaware that they are actually defending the storm troopers of Corporate Empire.

Yes, there are hip-hop atists with positive messages, and fast-food giants attempting to improve the range of their offerings, and examples of social media enabling political resistance.

But all these arguments, justifications and polemics boil down to the equivalent of all the arguments, justifications and polemics in favor of corporate fascism, colonialism and Empire: the trains run on time, we’re spreading "civilization" to the "primitives," capitalism and technology will free the oppressed classes, etc.

The spirited defense is not coincidence, for hip-hop, fast food and social media are the shock troops of Corporate Empire. While marketed by defenders as either essentially harmless "youth-oriented" avenues of self-expression or the progressive vanguard of individual choice, they are the active agents of Corporate Empire "soft power," undermining traditional cultures, human health and engagement with the real world --the subtle, largely invisible realm of unconscious assumptions and propaganda I term the politics of experience.

Once traditional sources of stability and health have been undermined, dismantled and replaced with a mono-culture of marketing that glorifies self-absorption, conspicuous consumption and personal worth measured by broadcasted "likes" and other visible measures of popularity, then the Corporate…
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Recent Graduates, Teens Hit Hard In Miserable Jobs Market

Recent Graduates, Teens Hit Hard In Miserable Jobs Market

Courtesy of Mish

New State Program Seeks To Revitalize Tennessee Towns' Main Streets

The downturn in jobs is miserable nearly everywhere you look but things are especially hard on teens and recent college graduate.

Please consider In a Tough Job Market, Teens Are Suffering Most.

"The numbers are incredible," says Andrew Sum, head of the Center for Labor Market Studies at Northeastern University and a nationally recognized expert on teen employment. "Proportionally, more kids have lost jobs in the past few years than the entire country lost in the Great Depression."

The retail and construction sectors, which are usually key employers of young workers, have been among the hardest hit. Manufacturing, another typical job source for those lacking a higher education or even a high school degree, is not the force in the economy it once was. The result: the teen unemployment rate neared 28% in October before falling slightly the next month. That’s the highest ever recorded since the Federal Government began tracking it, and it’s almost triple the 10% rate for all workers.

For much of the past 60 years, the proportion of 16-to-19-year-olds who held jobs — either part or full time — was around 40%. In fact, in 2000 it was a relatively high 45%. In all, nearly 7.3 million teens were getting a regular paycheck.

Then something changed. Suddenly teens were being expelled from the workforce. It started during the pullback that followed the bursting of the tech bubble, but it never really stopped, not even during the housing- and finance-fueled expansion of the mid-2000s. From 2000 to early 2008, overall employment rose by about 10 million jobs. Teen employment headed in the other direction. By early 2008, teen employment had dropped by more than 1.5 million.

Generation Gap

The problem is that older workers are crowding out kids. An economic expansion that at its height produced 11 million jobs, as was the case in the 2000s, isn’t bad. But it is nowhere near as robust as the economic growth of the 1990s — which upped employment by 17 million jobs — or the increase of 20 million jobs in the expansion of the 1980s. What’s more, 12 million people joined the workforce in the 2000s — a million more new workers than the number of jobs created in that period. With fewer jobs


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Zero Hedge

Trading Bonds In Venezuela? Bring A Gunman And Cash

Courtesy of ZeroHedge View original post here.

The Venezuelan bond market - described by Bloomberg as one of the 'tiniest and almost certainly the most primitive' in the world - is also one of the most dangerous.

Based in Caracas where Nicolas Maduro's socialist government is 'ever so slowly freeing up the battered economy' for capitalistic endeavors, the US dollar has become the defacto currency. Yet, there's no electronic method to electronically transfer USD from one bank to another - which mean...



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Phil's Favorites

Nothing To Do Except Gamble

 

Nothing To Do Except Gamble

Courtesy of The Reformed Broker

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Join Downtown Josh Brown and Ben Carlson for another round of What Are Your Thoughts? On this week’s episode, Josh and Ben discuss the biggest topics in investing and finance, including:

  • There’s Nothing To Do Except Gamble – “Pity the financially literate!”
  • Advice For Overnight Millionaires – “The amount of money is so large that if I make a 5 percent f***up, that’s hundreds of thousan...


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Digital Currencies

Coinbase Sets Reference Price At $250, Well Below Last Private Market Trade

Courtesy of ZeroHedge

Ahead of tomorrow's much-anticipated direct listing of massive crypto-exchange Coinbase, Nasdaq has just announced the company's so-called Reference Price at $250.

On April 14, 2021, the Class A common stock of Coinbase Global, Inc. is expected to list on Nasdaq through a Direct Listing using the ticker “COIN”.

Because this security has not previously traded on any listing market and has no prior day's closing price, Regulation SHO Rule 201 will not apply to the security until its second day of trading on Nasdaq.

As a Direct Listing, COIN will be in a regulatory halt until ...



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ValueWalk

GILTI: The Ramifications On The Tax Burden Of Corporations

By Gorilla Trades. Originally published at ValueWalk.

In his Daily Market Notes report to investors, while commenting on GILTI standards, Louis Navellier wrote:

Q1 2021 hedge fund letters, conferences and more

We are now essentially in "economic nirvana." Examples: On Wednesday, the Atlanta Fed raised its first-quarter GDP estimate to a 6.2% annual pace, up from 6% previously estimated. The U.S. is still expected to boost the global GDP growth rate more than China in 2021, for the first time since 2005. Since the U.S. is a robust consumer-driven market, the U.S. has the potential to keep pace and exceed China’s overall GDP growth...



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Kimble Charting Solutions

Semiconductor Red Hot Performance Tests 20-Year Breakout Level

Courtesy of Chris Kimble

Will the “Red Hot” semiconductor index cool off or get even hotter due to the shortage of chips?

This chart looks at the Semiconductor Index on a monthly basis over the past quarter-century. No doubt the trend is up as it has created a series of higher lows and higher highs since 2009.

Fibonacci extension levels were applied to the 1996 lows and the 2000 highs. Currently, the index is testing the 261% extension level, while at the top of the rising channel as momentum is at the highest level since the 2000 highs.

The rare chip shortage coul...



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Chart School

Gold Gann Angle Update

Courtesy of Read the Ticker

The Biden Yellen team have made their play, and it is not US dollar friendly.

Janet Yellen speech named "International Priorities — Remarks to The Chicago Council on Global Affairs" (here) can be summed to (via Luke Gromen) :


The US is accelerating a move away from "subjugating the US middle and working class to support the USD", to "subjugating the USD to support the US middle and working classes".



Well the above is true, but as we all know large US deficits and the trend of the US dollar are joined at the hip, and that trend is down '...

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Biotech/COVID-19

How worried should you be about coronavirus variants? A virologist explains his concerns

 

How worried should you be about coronavirus variants? A virologist explains his concerns

A COVID-19 patient in an ICU unit in a hospital in Capetown, South Africa, in December 2020. A variant emerged in South Africa that has since spread to other parts of the world. Other new variants could emerge elsewhere. Rodger Bosch/AFP via Getty Images

Courtesy of Paulo Verardi, University of Connecticut

Spring has sprung, and there is a sense of relief in the air. After one year of lockdowns and social distancing, mor...



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Politics

For autocrats like Vladimir Putin, ruthless repression is often a winning way to stay in power

 

For autocrats like Vladimir Putin, ruthless repression is often a winning way to stay in power

Russian police officers beat people protesting the jailing of opposition leader Alexei Navalny, Jan. 23, 2021 in Moscow. Mikhail Svetlov/Getty Images)

Courtesy of Shelley Inglis, University of Dayton

Russian dissident Alexei Navalny, sick with a cough and ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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Promotions

Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021

 

Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...



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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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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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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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