Andrew Berman: BermanPost
Unemployment Rate Drops to 8.3%
The drop in percentage seems good, especially paired with some solid job growth numbers. There is a fairly disturbing number in the report though, 1.2 million people dropped out of the labor force. That means we are discouraging our way out of the recession. It also means that the recovery, when it happens, will be slightly masked by the numbers moving in the other direction. We will know the economy is getting better when people start joining the workforce, once again hopeful that their job search is not in vain. That will increase the unemployment rate, but for positive reasons.
http://hotair.com/archives/2012/02/03/unemployment-rate-drops-to-8-3-243k-jobs-added
"The US economy had a good month for job creation in December, according to the new report this morning from the Bureau of Labor Statistics. We added 243,000 net jobs and the unemployment rate fell two-tenths of a percent to 8.3%:
Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month."
http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles-
"A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation."
http://hotair.com/archives/2012/02/03/unemployment-rate-drops-to-8-3-243k-jobs-added
"The US economy had a good month for job creation in December, according to the new report this morning from the Bureau of Labor Statistics. We added 243,000 net jobs and the unemployment rate fell two-tenths of a percent to 8.3%:
Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month."
http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles-
"A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation."
Laser Guided Bullet
Technology like this can let an average, barely trained soldier, compete with top marksmen. It is much easier to keep a laser dot on a target then to judge wind, distance, rotation, temperature, and a host of other factors, not to mention the need to anticipate your targets motion. If they can perfect the technology it could be a real game changer.
Video embedded below.
"Engineers at Sandia National Laboratories have invented a bullet that guides itself to the target.
Sandia has wide expertise at miniature technology, and the bullet works like a tiny guided missile.
The patented design doesn't shoot straight. Instead of a spiral rotation, the bullet twists and turns to guide itself towards a laser directed point. It can make up to thirty corrections per second while in the air."
Video embedded below.
Sandia Labs' bullet doesn't miss: krqe.com
"Engineers at Sandia National Laboratories have invented a bullet that guides itself to the target.
Sandia has wide expertise at miniature technology, and the bullet works like a tiny guided missile.
The patented design doesn't shoot straight. Instead of a spiral rotation, the bullet twists and turns to guide itself towards a laser directed point. It can make up to thirty corrections per second while in the air."
Romney Wins Florida Primary
Not only did Romney win, but he would have edged out a Gingrich-Santorum combo, if only just. If one of those two does not step aside soon, they are going to split the anti-Romney vote and ensure Romney is the nominee.
http://www.foxnews.com/politics/2012/01/31/romney-leading-among-seniors-hispanics-in-florida-exit-polls
"Mitt Romney crushed Newt Gingrich in the Florida Republican presidential primary Tuesday night, surging from a second-place finish in South Carolina to sweep the winner-take-all contest and reassert his front-runner status.
The victory, in the biggest GOP contest to date, is likely to give the former Massachusetts governor a burst of momentum as he, Gingrich, Rick Santorum and Ron Paul head west to battle in what has become an increasingly negative race.
...
With 99 percent of precincts reporting, Romney led with 46 percent. Gingrich had 32 percent, followed by Rick Santorum with 13 percent and Ron Paul with 7 percent.
Romney was projected to win all 50 of Florida's convention delegates. "
http://www.foxnews.com/politics/2012/01/31/romney-leading-among-seniors-hispanics-in-florida-exit-polls
"Mitt Romney crushed Newt Gingrich in the Florida Republican presidential primary Tuesday night, surging from a second-place finish in South Carolina to sweep the winner-take-all contest and reassert his front-runner status.
The victory, in the biggest GOP contest to date, is likely to give the former Massachusetts governor a burst of momentum as he, Gingrich, Rick Santorum and Ron Paul head west to battle in what has become an increasingly negative race.
...
With 99 percent of precincts reporting, Romney led with 46 percent. Gingrich had 32 percent, followed by Rick Santorum with 13 percent and Ron Paul with 7 percent.
Romney was projected to win all 50 of Florida's convention delegates. "
