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Work at Home

Work at home should be on a persons resolution for this new year of 2012. With the unemployment numbers soaring, the economy does not look to get any better any time soon. The following report shows just how dreary the unemployment numbers are. Is it any wonder that the Google reader needs options?

Tracking the Unreported (15.6%) Unemployed
By Aparna Mathur and Matt Jensen
January 4, 2012

President Barack Obama took office in January 2009 after having campaigned on the broad promise of hope and change. However, to stay in office, there is one thing President Obama should hope for, an improvement in the employment picture before the 2012 elections.

The last three years have seen some of the highest unemployment rates reported since the Great Depression. The official rate moved from 5 percent in January 2008 to a high of 10.1 percent in October 2009, and a current rate of 8.6 percent. It rests 3 points above the 1948-2007 average of 5.6 percent. Unfortunately, the reality is even worse than these numbers suggest.

This is because of the way the Bureau of Labor Statistics calculates the official unemployment rate. Conceptually the unemployment rate seems simple, it is just the number of unemployed divided by the number of people in the labor force. However, deciding whom to include in the labor force is a complicated task. In the official unemployment rate, the Bureau of Labor Statistics measures the labor force as those who are employed or who have actively looked for work within the last four weeks. As a consequence, the official rate excludes workers who have decided to drop out of the labor market altogether because economic conditions have discouraged them, or for other reasons. The official rate also ignores those who settle for part-time work since they are unable to find a full-time job.

So, the way in which we calculate unemployment might mask the actual weakness of our economy. Paradoxically, if pessimism about the economy drives workers to stop looking for work or to settle for a part time job, it could actually cause the official unemployment rate to fall because of a bad outlook.

To compensate for this problem, the Bureau of Labor Statistics has published an alternative measure of the unemployment rate based on an analysis of the Current Population Survey, a household survey. This measure, referred to as the U-6 rate, includes those that would still like a job and have looked for work in the last twelve months, not just the last four weeks. It also includes people who opted to work part-time even though they would like full-time jobs. Unfortunately, this measure is not cited nearly enough.

The U-6 rate offers a clearer picture of how precarious a situation we are in. It has moved from 8.8 percent in December 2007 to 17.4 percent in October 2009 and 15.6 percent in November 2011. Today the gap between the U-6 rate and the official rate is 7 percentage points, meaning that the number damaged by the weak job market is almost twice what the official number would suggest. At the start of the recession, there was only a 3.8 percentage point difference. By comparison, during the 2001 recession, which lasted only a few months, the difference grew by a meager 0.9 points from 3 percent to 3.9 percent.

For a historical perspective, we obtained data on these two measures going back to 1994. The evidence reveals the gap between the official rate and the U-6 rate has averaged less than 4 percentage points, and has not exceeded 5 percentage points except for the first month in 1994. October 2008 is the first time that the difference exceeded 5 points, and since then has averaged around 7 points.

Currently more than 5.7 million Americans have been unemployed for more than 27 weeks, or an astounding 43 percent of all unemployed. The tremendous increase in long-term unemployment is one factor driving the unprecedented disparity between the official measure of unemployment and the alternative measure. Long-term unemployment has a damaging psychological impact on workers willingness to keep searching for work and motivates them to accept part-time work.

More importantly, however, long-term unemployment has a real impact on their ability to find a job because skills erode and employers tend to recoil from large gaps on a resume.

The silver lining of this bleak jobs outlook might be that more workers are settling for part-time work rather than dropping out of the labor force completely. When individuals opt for and are able to obtain part-time work, it enables them to retain their skills and, at least partly, finance their household expenses and needs. In December 2007, only 0.2 percent of the labor force was discouraged from looking for work for economic reasons. Today, the number is 0.7 percent. The percent of the labor force that is willing to settle for part-time work has grown much more, from 3 percent to 5.4 percent.

The frailty of the labor market may be a symptom of broader issues facing the economy. Trillions of dollars of spending portend an unsustainable fiscal future, and regulatory uncertainty is high. The reasonable response of businesses to higher expected tax rates and the possibility of new regulations may be to offer part-time and temporary jobs instead of hiring full-time workers. As bad policy forces businesses to seek flexibility, the chasm between the U-6 and official unemployment rates may become a permanent fixture of the economic landscape.

The main challenge facing the Obama administration is to improve the employment situation. An easy way to start is by restoring faith in the economy and providing certainty about the future in the minds of consumers and businesses. To do this, President Obama needs Benjamin Franklins kind of change. A penny saved is a penny earned, and today, it may also be a job saved.
American Enterprise Institute (AEI) economist and resident scholar Aparna Mathur writes about wages and taxes. Matt Jensen is an economic researcher at AEI.

Another Alternative and a Better Choice. Work at Home
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home communty for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Overview of the THB Work at Home Community Part 3

How to Blog in the THB Work at Home Community

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, November 3, 2011

Maniac Marketers' Conference is held every Thursday.

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Self-discipline Is the Price Tag of Leadership in a Work at Home Business -- Part 4.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, October 6, 2011

Maniac Marketers' Conference is held every Thursday.

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

Work at Home

Work at home is working smart. Working at home allows a person to take control of his or her financial future. If a person has the desire, motivation, and a big dream, they can succeed in a work at home business. The following article suggests how the government should go big, be bold, and be smart in handling our economic problems. That same advice should apply to all people who are willing to be proactive in his or her future.

Our advice to the debt supercommittee, Go big, be bold, be smart
Original article at The Washington Post
By Alan Simpson and Erskine Bowles, Published, September 30

As the Joint Select Committee on Deficit Reduction, widely known as the supercommittee, begins its work, many have asked what we would counsel based on our work last year as co-chairmen of the presidents fiscal commission. We can summarize this advice in seven words, Go big, be bold and be smart.

The stakes for this committee are very high. If the panel is unable to reach agreement on a credible deficit-reduction plan, and the across-the-board cuts agreed to in the August debt-ceiling deal are allowed to take effect, the consequences to our economy and our political system would be serious, if not devastating. Such an outcome would produce not only bad policy, by cutting spending indiscriminately without setting priorities, but would further undermine public and market confidence in the political systems ability to resolve problems.

Given the tremendous challenges the committee faces and the dire consequences of failure, some have questioned why we and others have called on its members to reach an agreement that goes well beyond the goal of 1.5 trillion dollars in deficit reduction. We believe that going big could actually improve the chances of success, in terms of the politics and the economics of debt reduction.

We have called for at least 4 trillion dollars in savings because it is the minimum amount of deficit reduction necessary to stabilize the U.S. debt and put it on a downward path as a percentage of gross domestic product. A package that achieved 1.5 trillion dollars in savings would generate a great deal of opposition from affected constituencies but would still leave in place a large and growing debt burden.

When we presented our co-chairmens proposal to the rest of the fiscal commission in November, Washington insiders were shocked that we so aggressively exceeded our mandate. They were sure that the proposal would need to be scaled back to get a majority vote. It turned out that the opposite was true. The more comprehensive we made it, the easier our job became. The tougher our proposal, the more people came aboard.

Commission members were willing to take on their sacred cows and fight special interests, but only if they saw others doing the same and if what they were voting for solved the countrys problems. This spirit of shared sacrifice gained us broad bipartisan support, spanning from Democratic Senator Dick Durbin to Republican Senator Tom Coburn. We would not have garnered that type of support had we not taken on defense, domestic programs, the solvency of Social Security, health care, and spending in the tax code all at once.

The supercommittees work is not simply arithmetic. Its members must be smart in how they achieve savings. They should avoid making immediate deep cuts that would jeopardize our fragile economic recovery. They need to set priorities, such as reducing lower-priority spending while preserving funding for key investments necessary to compete in a knowledge-based global economy. And they should not make cuts that would harm the disadvantaged.

We are encouraged that President Obama has embraced the goal of stabilizing the debt and the target of achieving at least 4 trillion dollars in deficit reduction. Unfortunately, his proposal falls short of this goal by counting war savings that were already planned, and while it does, barely, stabilize the debt, it does so at a dangerously high level and with no margin for error. We are disappointed, too, that the president did not address the long-term solvency of Social Security. Nonetheless, it represents a step forward.

The president has said that he will not support major cuts to entitlements unless the package includes additional revenue, but the opposite must be true as well. The president must be willing to support real savings in entitlements that deal with long-term costs. We can not simply cut or tax our way out of this problem. Bringing our debt under control will require tackling the growth of entitlements and reforming the tax code to promote economic growth and generate enough revenue to meet our commitments.

The work done by our commission and others has shown that it is possible to reform entitlement programs in a way that preserves and even strengthens the safety net for the most vulnerable while achieving significant savings. Similarly, by pursuing comprehensive tax reform that eliminates or reduces many of the 1.1 trillion dollars in tax expenditures, we can raise revenue in a way that improves progressivity in the tax code, because these tax expenditures disproportionately benefit upper-income taxpayers, while promoting economic growth by removing economic distortions from tax expenditures and reducing marginal tax rates.

If the supercommittee is bold, it can put forward a smart, well-formulated deficit reduction plan that not only reduces our deficit but also maintains our economic health and restores public confidence in Americas ability to govern wisely and prudently. Failure to do so will incur a great price.
Alan Simpson, a former Republican senator from Wyoming, and Erskine Bowles, who served as chief of staff to President Bill Clinton, served as co-chairmen of the National Commission on Fiscal Responsibility and Reform.

Work at home is the solution for an individuals financial issues. Working at home is being able to look at the advantages of your alternatives and is a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Work at home is just as real as any traditional brick-and-mortar business. Because the work at home is a real business, the business owner also needs to be informed about all the various tax proposals, and its effect on a work at home business and our economy. One of those proposals is the flat tax. The following article shows various examples on how the flat tax has worked in other countries, and its effects on the gross domestic product. The purpose for posting the article is only to inform the Google reader in his or her work at home business.

The Rise Of The Flat Tax Gives Us Morning In Albania
Original article at Forbes
By Nathan Lewis

When Robert Ernest Hall and Alvin Rabushka published the book The Flat Tax in 1985, they did not have much historical evidence to go on. Only Jersey, Hong Kong and Guernsey had identifiable flat tax systems, plus a few other places like Singapore with similar tax regimes. They were riding on the political wave of Reagans tax cuts. It was Morning in America, to borrow a phrase from the 1984 presidential election.

Today, the flat tax idea is perhaps even more politically remote, in the United States, than it was in 1985. However, the rest of the world caught on to the idea. Today there are at least forty governments with flat tax type systems, most of which made the switch in just the last decade.

These include, Estonia in 1994 with 21 percent, Lithuania in 1994 with 15 percent, Latvia in 1995 with 23 percent, Russia in 2001 with 13 percent, Serbia in 2003 with 12 percent, Bosnia and Herzegovina in 2004 with 10 percent, Slovakia in 2004 with 19 percent, Ukraine in 2004 with 15 percent, Georgia in 2005 with 20 percent, Romania in 2005 with 16 percent, Turkmenistan in 2005 with 10 percent, Kyrgyztan in 2006 with 10 percent, Albania in 2007 with 10 percent, Mongolia in 2007 with 10 percent, Kazakhstan in 2007 with 10 percent, Mauritius in 2007 with 15 percent, Tajikistan in 2007 with 13 percent, Bulgaria in 2008 with 10 percent, Czech Republic in 2008 with 15 percent, Belarus in 2009 with 12 percent, Seychelles in 2010 with 15 percent and Hungary in 2011 with 16 percent.

A number of these countries have been having problems recently, mostly due to unstable money and the generalized effects of the recent global economic difficulties. We could take 2007 as a representative pre-crisis year. How did the flat tax countries do then? For thirteen countries for which information was available from the IMF, the average GDP growth rate was 10.0 percent, ranging from 6.2 percent, Slovakia, to 23.1 percent, Ukraine.

However, even this impressive number hides more dramatic gains. In my opinion, in high-growth areas, the true rate of growth tends to be hidden by inflationary adjustments. Prices rise, but it is not because of the debauchment of the currency, it is because people are getting richer. Rents, restaurants, hotels, medical services, education and so forth all become more expensive. Thus, the nominal GDP figures give perhaps a better impression of the true rate of growth. The average nominal GDP growth among these thirteen flat-tax countries was 21.8 percent in 2007.

We are not talking about adding a percentage point to growth. We might be adding ten percentage points. The cumulative effects are astounding. Are you getting the idea of why this policy has been so widely imitated?

Another surprising theme has been the amazing stability of tax revenue as a percentage of GDP. Among ten flat-tax countries for which data is available from the IMF, I took the revenue-GDP ratio of the last year of the former tax system and the first year of the flat-tax system. How much did the revenue-GDP ratio change? The average change was minus 0.10 percent. Yes, a tenth of a percentage point. Hardly any change at all. Six countries, out of ten, had an increase in the ratio. They actually got more tax revenue, as a percentage of GDP, than with their old tax system. The largest decline was Slovakia, whose revenue-GDP ratio fell to 40.57 percent from 45.60 percent. Maybe that was a little high anyway.

However, when you combine the typically high growth in nominal GDP with these stable revenue-GDP ratios, nine out of ten countries experienced an increase in tax revenue in the first year of flat-tax implementation. The average increase in revenue was 17.7 percent, when excluding outlier Estonia, which had an 81 percent increase. Even Slovakia, with the biggest decline in revenue-GDP, had a revenue increase of 6.1 percent. Mongolia, with their 10 percent flat tax replacing a system with rates up to 40 percent, experienced a 33 percent increase in revenue! The only decliner was the Czech Republic, which had a 0.50 percent reduction in revenue. However, even that could be explained by the fact that the Czech Republic implemented its flat tax in 2008, a year of economic crisis worldwide.

So you see, most of the seemingly-impossible promises of the flat-taxers, higher growth, stable revenue-GDP ratio, rising government revenue, are in fact common and repeatable.

Russia, which implemented its flat tax in 2001, provides one of the best longer-term examples. Between 2000 and 2008, Russias GDP, in U.S. dollar terms, grew at an average compounded rate of 26 percent per annum. The end result was that GDP in 2008 was 546 percent higher than in 2000.

Russias tax revenue-GDP ratio was 31.4 percent in 2000, and 31.6 percent in 2008. With this ratio stable, you can see that the Russian governments tax revenue also grew right alongside the growth in the economy as a whole, increasing to more than six times its 2000 amount in less than a decade.

The funny thing is, between 2000 and 2008, Russias population actually declined from 146.7 million to 141.4 million. Blaming economic stagnation on population, as is common regarding Japan today, is a waste of time.

And what about Albania? On January 1, 2008, Albania implemented a 10 percent flat tax on personal and corporate income, replacing a system with rates from 10-30 percent on personal income and 20 percent on corporate income. The result? Tax revenues went up 18.4 percent, even though 2008 was a crisis year worldwide.

Whether the reader agrees with the flat tax proposal or not, the work at home business will always be a better choice for anyone wanting to take control of his or her life and financial concerns.

Work at home is the solution for an individuals financial issues. Working at home is being able to look at the advantages of your alternatives and is a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Work at home is giving people the opportunity to take control of their future. The only person that fully understands your situation is you. A person cannot be leaving their financial decisions in another persons hands. Financial decisions are yours, just as medical decisions are yours. Our economy is proof of how one persons decisions can make it rough on a lot of people. Our economy is not shaping up very well, because it is being mishandled. The following article explains how bad decisions can impact as a whole, and a great reason for each person to be financial educated.

In Doing the Twist, Bernanke Leaves Out Production
Original article at Real Clear Markets
By John Tamny
September 28, 2011

As is well known now, and similarly well commented on, Fed Chairman Ben Bernanke announced last week his latest attempt through central bank machinations to revive the U.S. economy. Bernankes hubristic and absurd presumption that he possesses the ability to boost economic growth from Washington will only make things worse. Stock markets seem to agree.

Captive to the false notion that a revised housing sector, along with the wilting corpses that are U.S. banks will lead our rebirth, Chairman Ben is set once again to quadruple down on the various mistakes and authors of same who delivered on us our present malaise. All of this would be funny if it were not so sad.

If he were head of Japans central bank Bernanke would have long ago been forced to fall on his sword, but this being Washington, he will get to persist in restraining our economys natural ability to heal itself. Only in Washington do individuals get to fail upwards, and while history books will simply ask, Why, in addressing Bernanke, Fed Chairman and long, brutal tenure, those of us stuck in the present will continue to suffer a failed central bankers tinkerings.

As a Wall Street Journal news account of Bernankes Twist plan observed, the idea behind it is to purchase long-term Treasuries and mortgages with an eye on lowering long rates, while boosting investment and spending and provide a shot of adrenaline to the beleaguered housing sector. That too much debt, and specifically too much mortgage debt wrecked the banks and housing sector already does not seem to concern our micro-managing Fed head.

Needless to say, he gets it backwards. For one, assuming the failure of many banks absent Bernankes relentless attempts to tweak interest rates in their favor, this does not in any way presume a major decline in available credit. Most lending, and this has long been the case, occurs outside the banking system.

Of course if a revival of credit is the goal, the last thing a wise central bank head would do is attempt to force rates down below their natural market level. This is true for three reasons.

For one, during downturns it is desirable that rates reach their natural, market-clearing level as a way of ensuring that failed ideas attain no more financial capital to destroy. For two, higher rates ensure that those able to attain credit will borrow with more circumspection such that credit reaches as many worthy economic concepts as possible.

Third, higher rates of interest will serve as a lure to those with savings to enter the marketplace with it. Their savings replenishing the base of available capital. Applying the third point to nosebleed gasoline prices that prevailed in Louisiana after Hurricane Katrina, the high prices foretold lower prices for the former serving as a lure to new market entrants.

Looking at the purpose of the low rates sought by Bernanke, they delay the happy process whereby poorly run banks are swallowed by better managers. If allowed to be swallowed amid bankruptcy, the act itself ensures stronger economic growth as banks that did not make mistakes would be allowed to enter the markets to buy up branches, customers and loans on the cheap. And having purchased on the cheap, they would be able to aggressively lend in a way that a Bank of America still paralyzed by its past errors never will be able to.

The same applies to housing and commercial real estate more broadly. Rather than attempt to increase home construction and home prices amid a glut of housing, if left alone markets would have allowed a decline in both that would have shifted precious resources to where they are actually needed in a limping economy, while the prudent could have snapped up housing for a song on the way to the housing market reaching a necessary bottom.

Considering commercial real estate, a natural market correction would have allowed those with cash to buy up office space very inexpensively, and for doing so, they would be able to lease office space to new and existing businesses at a much lower cost. The buyers of the real estate would of course mint money despite renting at lower prices, and businesses would be better situated to achieve profits for their rental costs being lower. This scenario will not reveal itself in an economy enhancing way for Bernanke continuing to gamble on the failures.

As for government spending itself, simple classical economic theory tells us that during downturns governments should rein in their spending as a way of leaving as much credit to the private sector as possible. But with the Bernanke Fed having telegraphed yet again that buyers of the waste that signifies government debt will be protected, there exists little incentive for investors to sell Treasuries in favor of redeploying capital to worthy economic concepts.

Not understood by Bernanke, or perhaps the Fed Chair is unaware, is the elephantine truth that the U.S. economy contracted far more in 1920 versus 2008. The reason we do not hear about that collapse, unemployment at 11.2 percent, a function of how short it was. Quite unlike today, government spending was cut in half, the dollars integrity was maintained, and by 1923, unemployment sat at 1.7 percent. Bernanke is oddly said to be the Great Depressions foremost scholar, but due to his non-knowledge of what happens when economies are left alone, quite unlike during the 1929-30 downturn when Americans suffered mass, Bernanke style intervention, it is apparent once again that he learned all the wrong lessons from a period when government mistakes turned a downturn into a decade-long debacle.

Economists who should know better were trotted out to defend Twist, and one news account referenced an economist who said Bernankes latest arrogant attempt to oversee a command-economy style rebound will add .4 percent to GDP. Missed here is that economies are not units within countries stimulated by distorted interest rates, rather they are individuals pursuing their economic specialties ideally free of government barriers.

In short, economic growth results from a productive idea being matched with capital. The scenario just described most stimulative in terms of real production when taxes are light, regulations largely non-existent, trade free, and money values stable. Chairman Bernanke, in pursuing his latest attempt at fine-tuning, ignores the all-important factor of production on the shockingly naïve assumption that more spending wrought by lower rates, more debt, and more subsidization of that which has already failed is the answer to what ails us. As individuals we would never desire to load up on more debt during a downturn, but with Bernanke oblivious to the certain reality that we are an economy of individuals, he is proposing just that.

The deluded Federal Reserve Chairman could not be more wrong, and when his latest gambit fails like all the others, we can only hope that maybe, just maybe, our hopeless Fed head will be forced out. Barring that, it is possible that even inside Bernanke there exists a small bit of self-awareness that will drive him to analyze all the harm he has foisted on us such that he will do us all a favor and simply resign. Hope springs eternal.
John Tamny is editor of RealClearMarkets and Forbes Opinions, a senior economic adviser to H.C. Wainwright Economics, and a senior economic adviser to Toreador Research and Trading (www.trtadvisors.com). He can be reached at jtamny@realclearmarkets.com.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

The Wealth Gap Is An Entirely Political Invention
Original article at Real Clear Markets
By Fisher Investments
September 29, 2011

The U.S. Census Bureau recently released data indicating 15.1 percent of Americans were living below the poverty line in 2010, the third consecutive annual increase and up from 12.5 percent in 2007, before the financial panic and recession. Also making recent headlines was President Obamas latest jobs plan, to be funded primarily by 1.5 trillion dollars in increased taxes, aimed mostly at the wealthy.

Together, the stories have served to resurrect concerns about the wealth gap, the idea the rich have gotten richer while the poor have grown poorer, and the middle class has either stagnated or has also gotten poorer. And it is true there is a wealth gap, if there were not, that would imply perfect income equality, which does not really exist anywhere. And it is grown bigger over time. Some folks argue that it is bad or unfair. Many argue it is immaterial. We will leave the question of fairness to ethicists and politicians and focus instead on the economics behind the debate.

Economically, there is not much evidence a wealth gap is problematic. How do we know? Well, people have overall become better off even as the wealth gap has widened. Now, part of that could be the deceptiveness of the wealth gap. Consider. The top end is near infinite, so very naturally, as society progresses, that will continue rising. On the other hand, you will always have high school kids in part-time jobs and recent college grads working for relatively little money, meaning the bottom end need not necessarily move much, widening the gap over time. And even if the lowest income levels rise over time, however you want to measure that, that does not keep the upper levels from expanding, too.

Still, none of that is prevented global GDP from expanding, life expectancies from increasing and so on. Further, Americas poorest today are vastly better off than they were even 20 and 30 years ago, thanks to innovation and progress. And the average American today can expect to live a much longer life surrounded by trappings that far exceed those that surrounded their parents. Remember. Economies are not fixed pies. It actually is possible for everyone to win, and what some may earn or obtain need not detract from what others can. One of the many beauties of capitalism.

Second, most folks do not make consumer decisions based on relative wealth. Meaning, when deciding whether or not to purchase a new TV, people typically do not hold off because they are less wealthy than Warren Buffett, for example. So on an everyday, economic basis, most folks are not especially inhibited by the wealth gap, which is again tied to the idea the economy is not a fixed pie. Your range of economic choices is not limited or inhibited by wealthier folks choices, only by your own circumstances and preferences.

Finally, there is actually a high degree of mobility among income groups in the U.S. Historical data show those at the top of the income distribution do not necessarily, and in fact rarely, remain there indefinitely. Rather, there is a sizeable amount of upward, and downward, movement, meaning many in lower income brackets do in fact over time, and no doubt with no small measure of sweat and determination, move into higher ones. All of this is a huge positive and speaks to the opportunities a free, capitalist society provides its citizens.

So if it is not especially an economic problem then, it is likely more of a political issue. And no doubt, political drivers matter to capital markets. But in our view, the major problems with the wealth gap are the resulting attempts to somehow fix it, whether or not you agree it must be fixed, that result in inefficient use of capital. Because realistically speaking, how would we fix it?

Well, we likely all know the textbook answer. Tax the wealthy more. Sounds great in theory, tax those at the spectrums upper end and spread those resources among those at the bottom. But the problem is, that is already proven to be ineffective in narrowing the wealth gap. The fact is, we have had progressive income taxes in the U.S. since 1913 when the 16th Amendment was ratified. But the wealth gap has done nothing but grow overall, and unevenly grow since then.

Moreover, attempts to do away with the wealth gap entirely have all failed. What communist nation has achieved any degree of success? The now-defunct USSR? North Korea? Cuba? China? Except, China has a wealth gap, too, in fact, wider than Americas. For the other communistic countries, vast evidence points to their citizens having less opportunity than in the U.S. Another way to say that is, plenty of folks have moved from Cuba to the U.S., but not the reverse. Maybe they are not so bothered by our wealth gap.

Fortunately, in the U.S., attempts to fix the wealth gap are usually limited to tinkering with the tax policy, and history shows country-specific drivers like tax policy changes have much less impact than people think because global drivers typically swamp local ones. We doubt the wealth gap debate will ever be resolved, and that is not a bad thing. Naturally, as society overall gets wealthier, the upper end will keep increasing. And in our view, an overall richer society is good, not bad.
This article constitutes the views, opinions, analyses and commentary of Fisher Investments as of September 2011 and should not be regarded as personal investment advice. No assurances are made Fisher Investments will continue to hold these views, which may change at any time without notice. In addition, no assurances are made regarding the accuracy of any forecast made herein. Past performance is no guarantee of future results. A risk of loss is involved with investments in stock markets.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Work at home businesses allow an entrepreneur to create an income by people purchasing his or her product. Work at home businesses also allow people to keep more of its hard-earned income through the current tax laws. The following article shows a history of how we came about our current tax structure. Whether a person agrees or disagrees with the conclusion of the author of the article is not important. Our current tax laws allow for people who are motivated to earn an income from home, and even comes with the possibility that a work at home business could even create jobs.

A Short History of the Income Tax
One original sin was the separation of the corporate and personal tax, giving lawyers, accountants and the wealthy a chance to game the system.
Original article at The Wall Street Journal
By John Steele Gordon

Whether the millionaires and billionaires are actually paying their fair share of taxes is a matter for the electorate to decide. After all, fairness is hardly an objective standard.

Before the modern era, however, the federal tax system was manifestly unfair by any reasonable standard, grossly biased in favor of the well off. Ironically, attempting to fix that unfairness is what has brought us to the present moment, with a federal tax system that is grotesquely complex, often arbitrary, and corrupted by mutual back-scratching between members of Congress and influential lobbyists.

After the Civil War, nearly all the wartime taxes, including the nations first income tax, were repealed and the federal government relied mostly on the tariff for revenues. It provided the government with more than ample peacetime income. In 1882, the government had revenues of 403 million dollars, but expenses were only 257 million dollars, a staggering budget surplus of nearly 36 percent. The reason the tariff was so high was, ostensibly, to protect Americas burgeoning industries from foreign competition.

Of course, the owners of those burgeoning industries, i.e., the rich, were greatly helped by the protection, which enabled them to charge higher prices and make greater profits than if they had had to face unbridled foreign competition.

But the tariff is a consumption tax, which is simply added to the price of the goods sold. And consumption taxes are inherently regressive. The poor, by definition, must spend all of their income on necessities and thus pay consumption taxes on all of their income. The rich, while living in luxury, bank most of their income and largely escape these types of taxes.

As the vast surpluses piled up in the Treasury, the political pressure to institute an income tax on the rich grew steadily. In 1894, with Democrat Grover Cleveland in the White House and Democratic majorities in both houses of Congress, a federal income tax became law. The new tax, however, was very different from the Civil War income tax, which had exempted only the poor. The new one hit only the rich, imposing a 2 percent tax on incomes above 4,000 dollars. Less than 1 percent of American households in 1894 met that income threshold.

Needless to say, the tax was attacked in court, in a 1895 test case called Pollack versus Farmers Loan and Trust. The case turned on the definition of a direct tax, which the Constitution requires to be apportioned equally among the states according to population, something obviously impossible with an income tax.

The court split 4 to 4 as to whether the new income tax was constitutional. One member of the court, Justice Howell Jackson of Tennessee, was absent because of illness, and died less than three months later. But with the case drawing enormous public attention, the court agreed to reargue it and Justice Jackson rose from his deathbed to hear it.

Jackson was known to favor the income tax and it was assumed that it would now be upheld 5 to 4. But one of the other justices switched his vote, the opinion is unsigned and we do not know by whom or why, and it was voted down 5 to 4.

The income tax was dead. But the pressure to tax the incomes of the largely untaxed rich only increased, especially as the Progressive wing of the Republican Party grew in strength under Theodore Roosevelt. By the time of the administration of President William Howard Taft, 1909-13, the pressure was becoming overwhelming. One representative suggested simply repassing the 1894 tax bill and daring the Supreme Court to overturn it a second time.

That idea horrified Taft, who revered the court. He feared that it would weaken its position as the final arbiter of the Constitution. He came up with a brilliant, very lawyerly, alternative. He proposed a constitutional amendment to legalize a personal income tax, while meanwhile imposing a tax on corporate profits. In the early 20th century such a tax was, in effect, a tax on the rich. As the corporate income tax is technically an excise tax, there was no constitutional problem. Tafts solution was implemented and in 1913 the 16th Amendment was declared ratified, just as Taft was leaving office.

The new president, Woodrow Wilson, and the strongly Democratic Congress promptly passed a personal income tax. It kicked in at 1 percent on incomes above 3,000 dollars, a comfortable upper middle-class income at the time, and reached 7 percent on incomes over 500,000 dollars. But there were many deductions, bringing the effective tax rates down sharply from the marginal ones, a feature of the tax system ever since.

Unfortunately the corporate income tax, originally intended as only a stopgap measure, was left in place unchanged. As a result, for the last 98 years we have had two completely separate and uncoordinated income taxes. It is a bit as if corporations were owned by Martians, otherwise untaxed, instead of by their very earthly— and taxed—stockholders.

This has had two deeply pernicious effects. One, it allowed the very rich to avoid taxes by playing the two systems against each other. When the top personal income tax rate soared to 75 percent in World War I, for instance, thousands of the rich simply incorporated their holdings in order to pay the much lower corporate tax rate.

There has since been a sort of evolutionary arms race, as tax lawyers and accountants came up with ever new ways to game the system, and Congress endlessly added to the tax code to forbid or regulate the new strategies. The income tax act of 1913 had been 14 pages long. The Revenue Act of 1942 was 208 pages long, 78 percent of them devoted to closing or defining loopholes. It has only gotten worse.

The other pernicious consequence of the separate corporate and personal income taxes has been a field day for demagogues and the misguided to claim that the rich are not paying their fair share. Warren Buffett recently claimed that he had paid only 6.9 million dollars in taxes last year. But Berkshire Hathaway, of which Mr. Buffett owns 30 percent, paid 5.6 billion dollars in corporate income taxes. Were Berkshire Hathaway a Subchapter S corporation and exempt from corporate income taxes, Mr. Buffetts personal tax bill would have been 231 times higher, at 1.6 billion dollars.

Just as in the late 19th century, the tax code is now hopelessly arbitrary and unfair. It requires a complete overhaul.
Mr. Gordon is the author of An Empire of Wealth. The Epic History of American Economic Power. HarperCollins, 2004.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Work at home business is not a bear. Even though our economy points to a bear market, it does not mean that you have to hibernate like one. Work at home businesses provide an option to the entrepreneur who is willing to be proactive in working on his or her financial future. Even though the following article paints a gloom and doom picture of our economy, the reader should keep in mind that there are all viable alternatives, such as a work at home business.

Fundamentally
If It Looks Like a Bear, and Moves Like a Bear...
Original article at The New York Times
By PAUL J. LIM
Published. September 24, 2011

AFTER a week in which stocks sank more than 6 percent, the sell-off in equities that began five months ago is coming perilously close to bear market territory.

Whether this correction turns into a full-fledged bear, and whether the economic slowdown that started the selling in late April is labeled a recession may not matter much in the end.

While it is true that the Standard and Poors 500-stock index is not technically in a bear market now, at the end of the week, domestic equities were off 16 percent from their April 29 peak, plenty of other parts of the market have dropped more than 20 percent, the requisite mark of a bear.

Small-company stocks in the Russell 2000 index, for example, fell as much as 25 percent earlier this year. Foreign stocks in the Morgan Stanley Capital International EAFE index lost as much as 26 percent. And the MSCI emerging-markets index was down around 27 percent from this spring.

Four of the 10 sectors that make up the S and P 500, meanwhile, have also slipped into a bear market.

As for broad domestic equities, they have taken investors on a very rough ride since the financial crisis of 2008 and early 2009. This is about as severe as it gets without it being called a bear market, said Sam Stovall, chief investment strategist at S.& P. Equity Research.

In fact, if this slide stops short of the 20 percent mark, it will have been the most severe correction for the S and P 500 in recent memory that did not morph into an official bear market.

This slide feels so much like a bear because of its speed, some market strategists say. Technically, the correction began on April 29, when the S and P peaked at 1,363.61. But the bulk of the 16 percent decline took place in two brief but volatile periods. First, from July 25 to August 8, stocks fell about 16 percent. After rebounding, they sank more than 6 percent last week.

These free falls would make even rational, seasoned investors feel like they have been raked over the emotional coals, said James B. Stack, editor of the InvesTech Market Analyst newsletter.

Mr. Stack added that investors were not given much warning to brace themselves for the sell-off. In 2008, when stocks swooned amid the collapse of Lehman Brothers, equities had already been in a bear market for nearly a year. This time, the plunge during that short summer window came after stocks rose by more than 21 percent in the previous 12 months.

The markets day-to-day rockiness is also contributing to Wall Streets bearish sentiment.

Based on one traditional gauge of volatility, the number of trading days when stock prices move up or down by 2 percent or more, the market today is nowhere near as shaky as it was in 2008 or 2009.

But Mr. Stack used another method to measure the markets volatility, the spread between intraday highs and lows for stocks. Based on that gauge, he said, stocks have actually been about 10 percent more volatile recently than in 2009.

So does he think that a bear market is inevitable? No.

I do not think it is in the cards, he said.

Other strategists disagree.

Doug Ramsey, director of research at the Leuthold Group, said in a recent report that he believed that the August swoon represented the second leg of a new bear market that began after the S and P 500 and most global indexes topped on either April 29 or May 2.

One sign, Mr. Ramsey said, is the length of the rally that preceded this sell-off. He looked at all major corrections in the S and P 500 since 1950 that stopped just shy of a bear market. He found that the median length of the bull markets leading up to those downturns was 50 weeks.

By comparison, the bull that preceded this sell-off was 112 weeks old. The rally, he wrote, may be too old for the current decline to be only a correction. And here is one other bearish indicator. Historically, about 80 percent of corrections that took stock prices down by at least 15 percent eventually graduated into official bear markets.

So let us assume for a moment that the correction does morph into a bear. Would it matter whether it were accompanied by an official economic recession?

Mr. Ramsey looked into that topic as well. Using the Dow Jones industrial average as a proxy for domestic stocks, he separated recessionary bear markets from major declines that were not accompanied by a contracting economy.

Since 1945, stock prices fell by around 30 percent during bear markets that included recessions, versus a 27 percent decline for bears when no recession occurred.

The one big difference, though, was the duration of the market downturns. While bear markets in nonrecessionary environments have historically lasted six months, on average, major sell-offs that took place just before or during a recession have lasted roughly a year longer.

For nearly everyone, investors included, recessions are painful. That is another reason to hope the economic downturn does not morph into one.
Paul J. Lim is a senior editor at Money magazine.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Work at home is an alternative option for people who struggle with their income. This article really shows that there are alternatives out there, if people want to look for real solutions, instead of complaining about the current state of affairs of our government. The work at home solution is the alternative to providing people with real income and control for their lives.

Perry Is Right. There Is a Texas Model for Fixing Social Security
Public employees in three Texas counties have benefited from an Alternate Plan for 30 years.
Original article at The Wall Street Journal
By MERRILL MATTHEWS
Dallas

To highlight the problems facing Social Security, Texas Governor and Republican presidential hopeful Rick Perry is pointing to three Texas counties that decades ago opted out of Social Security by creating personal retirement accounts. Now, 30 years on, county workers in those three jurisdictions retire with more money and have better death and disability supplemental benefits. And those three counties, unlike almost all others in the United States, face no long-term unfunded pension liabilities.

Since 1981 and 1982, workers in Galveston, Matagorda and Brazoria Counties have seen their retirement savings grow every year, even during the Great Recession. The so-called Alternate Plan of these three counties does not follow the traditional defined-benefit or defined-contribution model. Employee and employer contributions are actively managed by a financial planner, in this case, First Financial Benefits, Incorporated, of Houston, which originated the plan in 1980 and has managed it since its adoption. I call it a banking model.

As with Social Security, employees contribute 6.2 percent of their income, with the county matching the contribution or, as in Galveston, providing a slightly larger share. Once the county makes its contribution, its financial obligation is done, that is why there are no long-term unfunded liabilities.

The contributions are pooled, like bank deposits, and top-rated financial institutions bid on the money. Those institutions guarantee an interest rate that will not go below a base level and goes higher when the market does well. Over the last decade, the accounts have earned between 3.75 percent and 5.75 percent every year, with the average around 5 percent. The 1990s often saw even higher interest rates, of 6.5 percent to 7 percent. When the market goes up, employees make more. And when the market goes down, employees still make something.

But not all money goes into employees retirement accounts. When financial planner Rick Gornto devised the Alternate Plan in 1980, he wanted it to be a complete substitute for Social Security. And Social Security is not just a retirement fund. It is also social insurance that provides a death benefit, 255 dollars, survivors insurance, and a disability benefit.

Part of the employer contribution in the Alternate Plan goes toward a term life insurance policy that pays four times the employees salary tax-free, up to a maximum of 215,000 dollars. That is nearly 850 times Social Securitys death benefit.

If a worker participating in Social Security dies before retirement, he loses his contribution, though part of that money might go to surviving children or a spouse who did not work. But a worker in the Alternate Plan owns his account, so the entire account belongs to his estate. There is also a disability benefit that pays immediately upon injury, rather than waiting six months plus other restrictions, as under Social Security.

Those who retire under the Texas counties Alternate Plan do much better than those on Social Security. According to First Financials calculations, based on 40 years of contributions

A lower-middle income worker making about 26,000 dollars at retirement would get about 1,007 dollars a month under Social Security, but 1,826 dollars under the Alternate Plan.

A middle-income worker making 51,200 dollars would get about 1,540 dollars monthly from Social Security, but 3,600 dollars from the banking model.

And a high-income worker who maxed out on his Social Security contribution every year would receive about 2,500 dollars a month from Social Security versus 5,000 to 6,000 dollars a month from the Alternate Plan.

The Alternate Plan has demonstrated over 30 years that personal retirement accounts work, with many retirees making more than twice what they would under Social Security. As Galveston County Judge Mark Henry says, The plan works great. Anyone who spends a few minutes understanding the plan becomes a huge proponent. Judge Henry says that out of 1,350 county employees, only five have chosen not to participate.

The Alternate Plan could be adopted today by the six million public employees in the U.S., roughly 25 percent of the total, who are part of state and local government retirement plans that are outside of Social Security, and are facing serious unfunded liability problems. Unfortunately this option is available only to those six million public employees, since in 1983 Congress barred all others from leaving Social Security.

If Congress overrides this provision, however, the Alternate Plan could be a model for reforming Social Security nationally. After all, it provides all the social-insurance benefits of Social Security while avoiding the unfunded liabilities that are crippling the program and the economy.

If the presidential candidates, including President Obama, stop bickering about who wants to save or destroy Social Security and begin debating reform constructively, examining the Alternate Plan would be a good place to start.
Mr. Matthews is a resident scholar with the Institute for Policy Innovation in Dallas.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Bernanke Should Call Operation Twist The Kardashian
Orginal article at Real Clear Markets
By Robert Holmes
September 22, 2011

BOSTON. TheStreet. Oliver Pursche, manager of the GMG Defensive Beta Fund, MPDAX, says the Federal Reserves Operation Twist plan should instead be called The Kardashian.

The idea came from seeing my wife read a magazine article about Kim Kardashian, Pursche says, referring to the reality-TV star of Keeping Up With the Kardashians. She is inexplicably popular, fairly useless and all about the back end. And that sums up Operation Twist pretty well.

Operation Twist is what investors and economists call the Feds planned sale of short-term holdings and purchases of longer-term U.S. debt, which twists the yield curves of each and drops yields on longer-dated bonds, or what is referred to as the back end.

When it comes to uselessness, it is easy to make a case against Kardashian, the socialite with the prodigious derriere who is essentially famous for being famous. In terms of the Feds actions, Pursche says the ineffectiveness of Operation Twist, a term now firmly in the lexicon of buzzwords on Wall Street, will emerge as time progresses and investors do not see yields plunging from current levels.

When you have a 10-year Treasury yield below 2 percent, you are not going to drive it much lower, Pursche says. Given the overall geopolitical and economic climate around the globe, there is little reason to believe you are going to see a significant rise in interest rates over the next year or two. The idea of going out and buying 7- to 10-year bonds is likely to be completely useless. It is all about the rear end of the curve.

Investors around the world have come to the same conclusion. After falling 3 percent in the wake of the Federal Open Market Committees announcement Wednesday, the S and P 500 plummeted another 3 percent today. Around the globe, Chinas Hang Seng plunged nearly 5 percent, and equity indices across Europe, from Paris to Germany, were down more than 4 percent.

If Operation Twist proves to be largely ineffective, does that mean Fed Chairman Ben Bernanke is out of magic bullets? Not necessarily, Pursche says.

I do not think it is fair to say there are not more moves they can make, he says. Should things get worse, they can widen the discount window again. They can guarantee certain levels of debts. They also talked about going out and actually buying mortgage bonds and collateralized mortgage debt. I think that could help take pressure off banks and loosen some of the tight lending standards impacting people on the fringe.

That does little to quell the nerves of investors, who appear to be rushing for the exits. Pursche says this overreaction is wrong, and smart investors should consider buying.

If you are a long-term investor, you maintain your current stance. That is, you stick with the stronger names and investment vehicles that should do well over the next three to five years, Pursche says. If you are generally comfortable with the stocks and securities that you own, I certainly would not sell. I do not know that I would rush to buy in, either. It takes a pretty strong risk appetite.

Breaking it down, Pursche says investors with a 20 percent cash position should stand pat, while an investor with half his portfolio in cash could add stronger companies. In the case of Pursche and the GMG Defensive Beta Fund, those are high-quality, dividend-paying stocks with strong balance sheets.

Pursche says he is looking at French oil company Total SA, TOT. While Pursche likes the energy sector, Total is a well-run company in Pursches view. A 7.5 percent dividend yield does not hurt either. That to me is a company, if you like the energy sector, that is a great way to go, he says.

Pursche says beaten-down consumer-goods maker Unilever Plc, UL, is a terrific company, with a yield over 4 percent. In technology, Intel, INTC, has an attractive 4 percent yield, Pursche says.

Meanwhile, he is avoiding financials. Through Friday, the financial sector was the worst performer of the S and P 500 index, down 20 percent for the year. However, one financial stock Pursche does own is JPMorgan Chase, JPM, which he argues looks attractive on a long-term basis at a price below 30 dollars.

Still, the banks lending may get squeezed as the Fed seeks to lower yields on the back end of Treasuries.
Written by Robert Holmes in Boston.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

From the Fed to Europe to Obamanomics, It is Ugly
Original article at Real Clear Markets
By Larry Kudlow
September 23, 2011

Stocks collapsed roughly 700 points over two days after the Federal Reserve launched its Operation Twist. The market correctly perceives that the central banks plan to swap 400 billion dollars of short-term notes for long-term bonds adds no new reserves to the financial system. So it was not QE3, that is for sure. No stimulus. In fact, with the Treasury yield curve flattening, the Feds sterilized asset swap actually tightened financial markets.

The Fed should have listened to the GOP congressional leadership, which in a letter advocated no more stimulus and no more market-subverting interference.

But the real issue is the new FOMC forecast. There are significant downside risks to the economic outlook, including strains in global financial markets. That was the killer statement

So let me repeat. We are on the front end of a recession. The profits picture is very much in doubt. More Obamanomics tax hikes are in the air. Europe is unsolved. U.S. finances are a mess. All this is being discounted by slumping stocks.

Corporate credit risk spreads have been widening, which is a negative for the profits picture, as economist Michael Darda has pointed out. Profits are the mothers milk of stocks. And the European funding markets have tightened substantially, as their much-wider financial-stress spreads all indicate.

Indeed, the European banking and sovereign-debt crisis is still a shoe waiting to fall. Greece may get bailed out again in a couple of weeks. But so far, the European Unions authorities have not agreed on a bailout or bankruptcy plan to backstop debt-restructurings, or to recapitalize banks in the wake of those default restructurings.

Meanwhile, September purchasing managers indexes for European manufacturing and services teeter on the brink of recession. In Asia, Hong Kong shipping volumes are way down, and Chinas PMI came in weak. The global transportation-delivery powerhouse FedEx just lowered its worldwide earnings and sales outlook.

And coming back home, the Obama 1.5 trillion dollars tax-hike plan, and his veto threat for any deficit package that does not include big tax hikes on successful earners, investors, and businesses, is another sword of Damocles hanging over the economy and the stock market.

Is the U.S. stock market now predicting recession? Well, the cyclical economic sectors are in bear-market mode, with roughly 25 percent declines since late April for energy, industrials, and materials. Banks, which are being hurt by credit downgrades and yield-curve flattening, are off over 30 percent.

How bad might the recession be? Well, it is hard to say. But in all likelihood the answer is not so bad. The yield curve has narrowed from 10s to 2s, from nearly 300 basis points in March to about 150 basis points currently. But the curve is not inverted, and that is important as a recession signal. And over the past ten years or so, the average spread has been about 160 basis points, not far from todays reading.

Also, the U.S. banking system is flush with cash, as is corporate America. And for better or worse, interest rates in the Treasury market are negative, easy money. Business profits will slow significantly, but are still likely to rise a bit. And with oil dropping to about 80 dollars, a price shock that was a key slowdown factor is going away.

Housing is still in the tank, and consumer spending looks very iffy. And we had zero jobs and zero retail sales in August, two very bad signs. On the other hand, exports and business investment are still rising.

So it is not 2008. Not by a long shot. But it is not a pretty picture either.
Lawrence Kudlow is host of CNBC's The Kudlow Report and co-host of The Call. He is also a former Reagan economic advisor and a syndicated columnist. Visit his blog, Kudlow's Money Politics.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Self-discipline Is the Price Tag of Leadership in a Work at Home Business -- Part 2.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, September 22, 2011

Maniac Marketers' Conference is held every Thursday.

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Self-discipline Is the Price Tag of Leadership in a Work at Home Business -- Part 1.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, September 15, 2011

Maniac Marketers' Conference is held every Thursday.

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Vision as the Indispensable Quality of Leadership in a Work at Home Business -- Part 4.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, September 8, 2011

Maniac Marketers' Conference is held every Thursday.

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

Work at Home

A Reagan Moment, Stop Our Economic Decline
Original article at Real Clear Markets
By Larry Kudlow
September 3, 2011

No sooner had President Obama shocked the political world with a gloomy economic forecast, projecting 9.1 percent unemployment for this year and a reelection-killing 9 percent for 2012, than the dismal August jobs report arrived showing no gain in nonfarm payrolls. That is right, no gain at all. Private jobs increased a scant 17,000, while hours worked and wages actually declined. Obamas economic policies have failed.

Are we on the front end of yet another recession? This report alone suggests that we could be, although other data points disagree. But on the eve of President Obamas so-called jobs speech, there is a much bigger question here. Has the U.S. entered into long-term economic decline?

As a quintessential optimist who believes in American exceptionalism, I do not even want to raise this issue. But the data tell me that I must.

For example, over the past ten years, the U.S. has actually lost jobs on a net basis. In August 2001, nonfarm payrolls calculated by the Bureau of Labor Statistics stood at 132 million. Through August 2011, payrolls stand at 131.1 million.

In fits and starts, a 4 percent unemployment rate has moved up to some kind of permanent 9 percent plateau. Following the Bush tax cuts of 2003, 8 million new jobs were created. But in the aftermath of the financial meltdown those jobs have disappeared. The so-called Obama recovery over the past two years has made no dent in this gloomy picture.

And through this whole period our economy has barely grown at a subpar 1.6 percent yearly rate for real GDP.

Meanwhile, the stock market, perhaps the best measure of our wealth and well-being, has essentially been flat for the past decade. And while the free-enterprise private sector has barely muddled along, the government has grown fat.

During the Bush years, the federal government increased from 18 percent of GDP to 21 percent. The debt went up 2.5 trillion dollars, from roughly 32 percent of GDP to 40 percent. And now, during the Obama period, spending has moved even higher to at least 24 percent of the economy, while total federal debt has ballooned near 100 percent of GDP.

It is almost a mirror image. The expansion of the public sector and the decline of the private sector. This is completely inimical to the American peacetime experience. And it forces us to think seriously about whether we are losing our world economic leadership. Are we? And if so, does this loss of economic leadership threaten our national security and foreign-policy stature?

And all while jobs, the economy, and stocks slumped over the past ten years, the dollar dropped 37 percent and gold increased by nearly 500 percent, from 250 dollars to nearly 1,900 dollars an ounce.

We do not have the kind of inflation today that we experienced in the 1970s. But it is certainly worth noting that a collapsing currency and a skyrocketing gold price are key barometers of a loss of confidence in the American economic story.

And because most foreign currencies and gold denominated in those currencies have shown the same problems, paper money going down and the yellow metal going up, it is not farfetched to suggest that Americas funk is leading the rest of the world in the wrong direction.

My key thought is that the U.S. in the last decade has adopted a wrongheaded policy of government expansion, primarily spending and regulating, financed by ultra-easy monetary policy and rock-bottom interest rates.

Tax rates have not moved much. But the whole tax system is badly in need of pro-growth flat-tax reform and simplification. However, the expansion of spending and regulating is robbing the private sector of its entrepreneurial vitality. Here is the new fear. More big-government spending stimulus from Obamas jobs plan. More EPA. More NLRB. More Dodd-Frank. More Obamacare.

And as the policy mantle for growth has swung to Federal Reserve stimulus, we are learning once again what Milton Friedman taught us 40 years ago. The central bank can produce new money, but there is no permanent production of jobs and growth from that pump-priming.

Big government financed by easy money is a lethal economic combination. It must be reversed. We should be reducing the regulatory and spending state while keeping money predictably stable, and even re-linked to gold. The supply-side nostrum that worked so well for 20 years, beginning with Ronald Reagan, was low tax rates, light regulation, limited government, and a hard dollar. Gold collapsed between 1980 and 2000 as stocks, jobs, and the economy roared. The last ten years? We have gotten the policy mix completely backwards. The results show it.

This is a Reagan moment. We need a new leader who can get the economics right and reverse our decline. Literally, for the whole world, nothing is more important.
Lawrence Kudlow is host of CNBCs The Kudlow Report and co-host of The Call. He is also a former Reagan economic advisor and a syndicated columnist. Visit his blog, Kudlows Money Politics.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

The NLRBs Gift Of Job Loss
Original article at Real Clear Markets
By Diana Furchtgott-Roth
September 1, 2011

WASHINGTON. Its almost Labor Day. Unemployment hovers above 9 percent. President Obama plans to address Congress next week, and this time hes promising some real ideas about how to increase employment.

At the same time, the National Labor Relations Board is making sure that unemployment remains high in America. Just in time for the Labor Day holiday, the National Labor Relations Board is giving employers a gift of more labor, for them to perform.

As if employers were not burdened with enough paperwork, the Board will now require employers to put up 11 inches by 17 inches posters informing workers of their right to unionize. Whether the Board has the authority in law to require employers to put up posters is in dispute. Sooner or later, this issue may be tested in the courts.

Requiring posters will not benefit the 14 million unemployed Americans, but it is yet another message to employers that the administration regards them with hostility and suspicion. Other countries do not require these posters and welcome American businesses to hire their workers.

In a notice in the Federal Register on August 30, to take effect November 14, the Board made final a rule it first proposed in December 2010.

The poster rule must be regarded as the swan song of Wilma B. Liebman, the former chairman, and a Board member since President Clinton appointed her in 19997. Her time expired on Sunday. She is 61 years old and has said she did not seek reappointment, perhaps because she knew that confirmation would be difficult.

Ms. Liebman is an ardent believer in unions and their ability to raise the incomes of workers who choose to join them. And so in this regulation, she seeks to require employers to apprise their employees that they have a right to organize.

In a lack of symmetry, the Board does not require employers with union shops to inform their workers that they have a right to ask for a decertification vote to kick out a union. Nor that workers have a right to a refund of the portion of their dues used for political contributions. These omissions appear to be symptomatic of a tilt towards union bosses and against workers under Mr. Obama.

The posters do not convey what workers may lose from unionizing, such as the ability to earn individual merit raises. They do not point out that collective bargaining can result in lower pay and job loss for some workers.

The required poster size, 11 by 17 inches, is larger than is required for notices for minimum wage, employee polygraph protection, family medical leave, equal employment opportunity and other employee rights guaranteed by Congress.

If 20 percent or more employees are most comfortable speaking a language other than English, an additional poster in translation must go up. Thats two posters.

If the employer fails to display the poster, the Board can declare the employer guilty of an unfair labor practice. Theres no fine, but unfair labor practices can be held against an employer in the case of a dispute with the union or a drive to organize a workplace with no union relationship.

The requirement applies to all private workplaces, no matter how few employees. However, retailers with less than 500,000 dollars in gross sales are exempt, as are nonretail businesses with less than 50,000 dollars in out of state sales or purchases.

One of Mr. Obamas first executive orders, issued in January 2009, was to require federal contractors to post a version of the poster. That notice was composed by political appointees at the Labor Department.

Ms. Liebman defended the rule in a New York Times interview, August 30, by saying that collective bargaining puts more money in workers pockets, increasing purchasing power and creating a stronger economy.

Workers do not seem to believe this, which may be why Ms. Liebman wants the poster. Every year, fewer American workers choose to belong to unions. The fraction of all private sector American workers belonging to unions is less than 7 percent, compared with 35 percent in the mid-1950s.

Workers are voting with their feet. They are migrating from unionized states to right-to-work states, where by law they cannot be required to join a union as a condition of work. As a result of population shifts in the 2010 Census, nine congressional seats will move to right-to-work states from forced unionization states in 2012. Winners include Texas, Florida, Arizona, Georgia, and South Carolina, while losers are New York, Ohio, Michigan, Illinois, and New Jersey.

Over the past 25 years, right-to-work states have created more than twice as many jobs as unionized states. Recall that it was unionized General Motors and Chrysler that needed federal bailouts in 2008 and 2009, not Toyota, Honda, Nissan, and BMW, located in right-to-work states in the South.

It is unclear that the National Labor Relations Board has the authority to require employers to display what one must regard as a union organizing poster.

According to John Raudabaugh, a Board member from 1990 to 1993 and now an attorney with Nixon Peabody, the Board lacks authority to require the poster under the 1935 National Labor Relations Act.

Mr. Raudabaugh explained that every federal statute in the field of labor and employment law, such as the Fair Labor Standards Act, the Railway Labor Act, and the Equal Employment Opportunity Act, specifically mentions the right of the relevant agency to issue posting of notices to employees. The National Labor Relations Act is silent on the notice to post.

The Board lists ten other laws that require posting and concluded in its December 2010 Notice of Proposed Rulemaking that The NLRA is almost unique among major Federal labor laws in not including an express statutory provision requiring employers routinely to post notices at their workplaces informing employees of their statutory rights. This, curiously, seems to be an admission by the Board that it lacks statutory authority.

The Railway Labor Act was amended in 1934, one year before NLRA passed, and included specific mention of a notice to employees. One must conclude that if Congress had wanted nonrailroad employers to post notices, it would have specified this in the 1935 Act.

On Thursday, the day after Republican presidential candidates debate at the Reagan Library, millions of unemployed Americans will be watching Mr. Obamas speech to Congress. They desperately want to hear the president explain how employers are going to offer them real jobs. Mr. Obama, tear down those posters.
Diana Furchtgott-Roth is a contributing editor of RealClearMarkets, a senior fellow at the Manhattan Institute, and a columnist for the Examiner.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrows Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrows Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrows Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Vision as the Indispensable Quality of Leadership in a Work at Home Business -- Part 3.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, September 1, 2011

Maniac Marketers' Conference is held every Thursday.

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

Creative Writing for the Internet

Creative Writing is a process to show myself and others just how easy it is to write creatively on the internet for top Google positions and receive great Alexa rankings. The following information is the type of blogs that I write to promote a work at home social community that I created.

Work at Home

Work at home has the opportunity of making more money than a traditional j-o-b. Working at home also gives you the control over your financial future. Every one that enters a work at home business must have a dream. The dream is the driving force behind every work at home business. Without a dream, the work at home entrepreneur will not last long in his or her home business. When the dream is gone, the work at home business is gone as well.

There is a work at home social community that helps people to have success in his or her work at home business. The community is called Tomorrows Home Business Social Community. In this work at home community, a person will be able to safely explore other work at home business through blogs, videos, and audio. If a person wishes to promote in the community, there is no need to learn a special language or code to post his or her blogs or other information. If a person needs a motivational word of encouragement to help keep his or her dream alive, many videos can be found. By participating in the community, the work at home entrepreneur will quickly see that the communitys Google and Alexa ranking improves rapidly each day, and that creates more exposure and traffic for his or her business.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

I invite you to get a jump start on success in your work at home business by participating with us at Tomorrows Home Business Social Community today.

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Work at home has the opportunity of making more money than a traditional j-o-b. Working at home also gives you the control over your financial future. Every one that enters a work at home business must have a dream. The dream is the driving force behind every work at home business. Without a dream, the work at home entrepreneur will not last long in his or her home business. When the dream is gone, the work at home business is gone as well.

There is a work at home social community that helps people to have success in his or her work at home business. The community is called Tomorrows Home Business Social Community. In this work at home community, a person will be able to safely explore other work at home business through blogs, videos, and audio. If a person wishes to promote in the community, there is no need to learn a special language or code to post his or her blogs or other information. If a person needs a motivational word of encouragement to help keep his or her dream alive, many videos can be found. By participating in the community, the work at home entrepreneur will quickly see that the communitys Google and Alexa ranking improves rapidly each day, and that creates more exposure and traffic for his or her business.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

I invite you to get a jump start on success in your work at home business by participating with us at Tomorrows Home Business Social Community today.

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Vision as the Indispensable Quality of Leadership in a Work at Home Business -- Part 2.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, August 25, 2011

Maniac Marketers' Conference is held every Thursday.

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

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Destroying the Dollar For Something Logically Impossible
Original article at Real Clear Markets
By Jeffrey Snider
August 19, 2011

The politics of economics has again risen in the wake of the stock markets recent haircut. Economists and experts from both the right and the left are now falling all over themselves to do something. Why the stock market is the universal signal, the hunters bugle call to action, is not yet known. After all, the economic and financial problems of August 2011 have been largely unchanged since August 2007, and indications of these unresolved imbalances have been, and continue to be, numerous.

What is troubling is this bipartisan political urge to do something. In the space of a few days we have seen Paul Krugman on the left openly pine for an all-out effort by the Federal Reserve to get the economy moving, with the deliberate goal of generating higher inflation to help alleviate debt problems, in addition to his idea of faking an alien invasion. On the right, Ramesh Ponnuru, senior editor at the conservative magazine National Review, similarly argues for loose monetary policies.

Writing in Bloomberg, Ponnuru supposes that monetary policy has been effectively tight, not loose. To this end, he advocates, like Krugman, a concerted monetary accommodation far above current efforts, openly conceding that inflation will come with it. The pay off for both Krugman and Ponnuru is believed to be beneficial economic activity that accompanies this new inflation.

These ideas are exactly the same as what has passed for monetary policy to date, but it seems now we are simply left to debate the size of intervention. Indeed, this line of thinking has been circulating for some time in the form of a kind of fiscal stimulus admission and regret. It would have worked had it been bigger.

Setting aside, for now, the potentially disastrous tax that would be on the most vulnerable segment of current society, which as food stamp usage and labor force shrinkage indicate is a sizeable and still growing proportion, and whether it is appropriate to treat individual humans as if they were mathematical automatons by enforcing spending mandates through monetary machinations, there is just no possibility for this to operationally succeed. Why destroy the dollar and unleash inflation for something that is logistically impossible?

Neither Krugman nor Ponnuru seem to acknowledge the realities of the current banking environment. Even if the Federal Reserve created another 10 trillion dollars in bank reserves, on top of the 1.65 trillion dollars already there, there is no way to transmit that money to anyone outside the primary dealer network. Loan activity is not predicated on how much cash is available in a vault or on the Feds books, it is entirely a function of individual bank balance sheet capacity and the wholesale funding market.

Unless an individual bank went directly to one of the emergency programs created during the last crisis, the banking equivalent of suicide, then there is no way for any bank outside the primary dealer network to directly connect to the monetary spigot. Instead, banks are left to fend for themselves in the interbank money markets. That means borrowing overnight or short-term through unsecured loans domestically at the Fed funds rate, or tapping the eurodollar market denoted by LIBOR rates. The only other alternative is going the secured route via repo, posting high quality" liquid collateral net of a scheduled haircut.

I suppose it makes sense that these experts are unaware of the current turmoil engulfing the interbank money markets these days, especially since their own sense of urgency is dictated only by whether distress in these vital credit markets finally penetrates the narrow consciousness of stock investors. There is significant stress steadily progressing into a credit crunch that is currently wreaking havoc in the unsecured markets, in both the Fed funds and the eurodollar markets.

While the current crisis is centered on PIIGS exposure, this old game of guess-which-bank-is-actually-healthy creates a feedback loop where smaller banks are shut out simply because the primary dealer network, the banks with all the cash, has become universally risk averse. As is usual with Fed liquidity actions, such as both iterations of quantitative easing, QE, they can create liquidity but they can never guarantee its uniform availability. True systemic liquidity is dependent on how those primary dealer gatekeepers view their less-connected brethren.

So as more and more banks get shut out of the unsecured money markets they are herded into the secured markets via repos. The problem here is again QE itself. During both QE programs, the Federal Reserve created all that cash and pushed it to the primary dealers by purchasing bonds in their inventory, pulling out over 1 trillion dollars in U.S. government debt securities from the wider marketplace, in addition to 1.25 trillion dollars in mortgage securities. In the repo market, however, U.S. treasury securities are the one true interbank currency.

To obtain repo financing in U.S. dollars without huge haircuts or significant hits to bank capital reserves requires the use of a U.S. treasury security, particularly shorter-term bills. As the unsecured markets have fallen off, in addition to the mass migration away from European sovereigns as repo collateral, the demand for treasuries as repo alternatives has proportionally risen. The supply of those securities was artificially and severely diminished by QE. As hard as it is to believe in this age of massive government borrowing, U.S. treasuries, especially the bills, are in desperately short supply. That is why we have seen negative nominal rates in t-bills and other indications, including general collateral and special collateral rates.

As long as this imbalance remains, creating new cash is actually extremely harmful to the interbank system in its present state. If the Fed were to follow Krugmans advice, for instance, and roll out a massive QE 3.0, it would be disastrous for the interbank markets. T-bill rates would drop significantly, deepening the negative nominal rates and beginning a large cascade of voluntary capital destruction. Banks outside the primary dealer network would be forced to lose money on a short-term treasury bill just to maintain operational liquidity.

At that point, these operational liquidity demands would give rise to asset selling across the board. Banking institutions would not be able to persist with voluntary capital destruction, so they would seek to purge liquid assets, say global stock futures and high-yield credit from early to mid-August, to raise a sufficient enough cash cushion to avoid the unfavorable interbank conditions, a credit freeze akin to 2008. This might be counterintuitive, but a new liquidity program by the Fed would actually lead to greater banking system illiquidity. All that intervention and intentional instability has again left us in the same exact place as we started.

As ridiculous as this sounds, we have arrived at the point in time where cash actually creates a liquidity crisis. As much as economists love to theorize about policies and their efficacies, they never seem to fully grasp the mechanical finance involved, the classroom exercise of theory vs. the practice of making those theories fit and work within the real world. The Federal Reserve knows this and has already taken baby steps to alleviate the treasury security shortage. Beginning Monday, August 15, the Fed began a program of reverse repos, where they take cash out of the banking system and replace it with treasury bonds and, more likely, bills. While this program is advertised as small in comparison to the overall level of bank reserves, that could still be a large number.

Indeed, examining the Feds balance sheet we see that the normal level of reverse repos has been stepped up only very recently. From March 31 through July 29 this year, the aggregate level of outstanding reverse repos held steady at about 65 billion dollars. Through the first two weeks of August, through August 11, the exact time the liquidity crisis and the treasury security shortage hit, the Fed increased reverse repo aggregates by 14 percent to 74 billion dollars, and that was before the latest program announcement. Cash is now a problem, not a solution.

As long as instability reigns in the interbank markets, and ongoing turmoil in Europe will make sure that it does, there is no operational method for turning Federal Reserve cash into monetary flow outside of primary dealers. As much as these reverse repos will alleviate some of the repo market-treasury collateral strain, it will not be enough should the tempo of the crisis change unexpectedly, economists models, including those at the Fed, only forecast in straight lines. The other constant about the Fed is its propensity to underestimate crises while responding very slowly to them. After all, their record of prediction will not suddenly improve since they have the same theoretical flaws imbedded in the same models they started with in 2007.

As much as Mssrs. Krugman and Ponnuru form the basis for a bipartisan program of taxing the American public further into the inflationary abyss, their hoped for revival of economic activity is stuck in the realities of the 21st century banking system, of which they seem completely unaware. Essentially, another program of monetary easing would have exactly the same effects as the first two, destroying the dollar further, driving the prices of necessities even higher, while creating exactly zero beneficial economic flow. Worse yet, the new cash would open up a cycle of voluntary capital destruction that would, and is, reverse the asset price increases that were engineered to pioneer the original, and also completely ineffective, intentions of a wealth effect.

Even if central banks could somehow solve these persistent banking uncertainties plaguing the interbank money markets, there is still the lack of balance sheet capacity. The banking system is not constrained by a lack of liquidity in making loans, it is constrained, according to Basel rules, by its capital ratios. In other words, the upper limit of loan capacity is dictated by the amount of equity capital each bank has on its books, a level completely and totally unrelated to the amount of cash in existence.

This double-edged sword allowed banks to accumulate massive leverage through the use of AAA-rated securities since those securities were intentionally assigned a much lower risk weighting. That meant banks were afforded the opportunity to add far more mortgage bonds per unit of equity capital. Once the mortgage bond risk weightings proved desperately inadequate, balance sheet capacity became dangerously constrained. So TARP was created and then changed into a systemic bank investment program, rebuilding equity capital ratios throughout the system.

Unfortunately, the new balance sheet capacity created by TARP was quickly absorbed by all the old loans made during the housing bubble. Whether it was ongoing losses, income statement losses erode bank capital by reducing retained earnings, or FAS 166 & 167, accounting changes proposed in 2009 that forced banks to repatriate securitization structures in 2010, including nearly every outstanding master credit card trust, balance sheet capacity has been continuously strained by the legacy of the old regime. A sizable expansion of new loans to the public, i.e., higher risk-weighted obligors, is impossible in this environment.

Instead, banks are forced to rebuild their Tier 1 capital through earnings harvested from exclusively investing in sovereign debt. Sovereign obligors are risk-weighted to zero, meaning there is no equity capital reserve requirement. The reason banks have loaded up on government debts, especially PIIGS, is because that is the only option for their limited balance sheet capacity.

No matter how much cash the Fed or ECB creates, it will not flow to private borrowers without more systemic bank equity. I seriously doubt another TARP is even remotely possible. And in this uncertain stock environment, especially for bank stocks, it is hard to see them going to market now with massive equity offerings. That means banks will only be lending to governments for the still foreseeable future.

The problem of credit flow is the banking system itself, and that includes the Federal Reserve and other central banks. The amount of leverage and illusory risk weightings has proven to be too much of a burden to systemic capacity. Now, four full years after the crisis erupted, we are still dealing with the banking legacy of the housing bubble. It is still being systemically weakened by loans made more than a half decade ago, including losses that have yet to be charged off. Since that battle is not yet finished, there is no way for the banking system to embark on another sustained period of new credit expansion.

So much of this uncertainty locking up the interbank market today is the direct descendant of central bank policies designed to save the banking system and get credit flowing. In its rush to save each and every financial firm, the Fed and the ECB both allowed losses to remain hidden, fomenting this persistent mistrust. At the same time they, especially the Federal Reserve, mistakenly believed a system awash in cash would remain insulated from another panic. Unfortunately, market interventions, especially the massive distortions that central banks applied in response to 2008, create all manner of unintended consequences that are often just as harmful as the original problem.

There is a definite quality of absurdity to all this intervention. Besides the fact that every method of intervention or monetary solution guarantees ongoing crisis and instability, what else has to be said about a condition where increasing cash for the banking system actually creates a liquidity crisis. Whatever rabbit hole exists for central banks and economic experts, they have widened and deepened it, inviting the rest of the world to follow them down it.

Until the banking system is actually cleared of hidden losses, not just PIIGS but also commercial real estate, uncertainty will remain, the Japanification of the system. That means there will not be any direct credit flow from the Fed or ECB to the wider economy, outside of corporate bonds. That is one area that Mssrs. Krugman and Ponnuru seem to ignore, that credit to large, especially multinational, corporations is very robust. Corporate bond issuance has been at record levels, yet all that new money has not led to the robust hiring which continues that monetary flow to households. At least that beneficial flow has not happened domestically.

Instead, as I have referenced so many times before, corporations flush with debt-financed cash invest in overseas operations, thank you dollar destruction, and repurchase their own stock, thank you short-term investment incentives. Rather than focus on creating more money and intentionally creating more instability and dollar devaluation, perhaps experts should contemplate the issue of broken economic flow here, as empirically shown by large American corporate businesses. More money does not equal more flow.

As much as it can never succeed with a broken banking system, the corporate cash issue conclusively demonstrates that the quantity of money is not the solution. It is the problem. Perhaps policies that enhance dollar stability and favor long-term domestic investment would be far more productive than shoveling more money at a banking system broken by constant monetary remedies. Clear the regulatory path, remove these costly and absurd interventions, and give companies a reason to invest CAPITAL domestically, and they will.
Jeffrey Snider is President and Chief Investment Officer of Atlantic Capital Management, a registered investment advisor.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Obamas Jobs Plan. Saving His Own
Original article at The Daily Beast
Aug 19, 2011

The White House will unveil a plan to create jobs and stimulate the economy, but it is aimed at boosting the presidents reelection. What we need for long-term economic health is investment, says Zachary Karabell.

Yet another day in the yo-yo chronicles. The markets tanked once again, reverting to their extreme behavior of last week, European banks groaned under the presumed weight of unresolved debt burdens, and American economic data, ranging from the Philadelphia Feds manufacturing survey to jobless claims, suggested that, yes, Virginia, there may be a Santa Claus, but his bag this year is shaping up as decidedly thin.

Not surprisingly, the net effect of these pressures has been to pummel public confidence and send both Congress and President Obamas approval ratings on the economy plummeting to the teens and 20s, according to the most recent Gallup poll, released yesterday. And not surprisingly, the net effect of those pressures has been to spur the White House to prepare a major new initiative to stimulate economic activity.

According to multiple reports, the White House is readying a post–Labor Day speech to unveil a broad-gauge initiative aimed at job creation and economic growth. The electoral logic is clear. Stuck with high unemployment that he now owns, Obama must be seen as doing something, and indeed, something must be done. What America needs is spending that lays the foundation for long-term prosperity. What politicians need is spending that paves the way for reelection in November 2012.

Not to be cynical, but these time frames are not compatible. The details of the proposed plan that have been leaked include tax incentives for companies to hire workers, corporate write-offs for capital expenditures, an extension of the payroll-tax breaks that began this year, an infrastructure bank, and some incentives to prevent teacher layoffs.

Some of these were part of the initial stimulus proposal in 2009 and never made it through Congress—namely the infrastructure bank and capital-spending incentives. And those both made sense then and make sense now: what is most needed for long-term economic health are investments, especially when capital is about as cheap as it has ever been. Note to Standard and Poors, downgrading U.S. debt decimated global equity markets and then sent yields on U.S. Treasuries to their lowest point since World War II. Oops. Some of the stimulus more than two years ago was also longer term, such as 16 billion dollars of investment grants for innovative new energy technologies, and while vital, those will take years to reap rewards.

The challenge today is magnified by the Tea Party opposition to new spending of any sort, as well as a political culture that perceives penury in the midst of the lowest funding costs for government debt in generations. Team Obama is squarely focused on reelection, and no one goes to the polls because the Department of Energy awarded a 500 million dollar grant to new forms of bio-algae technology. The result is that any stimulus in the face of anemic economic data and market panic is bound to be stimulus that aims to juice consumption, assuage voters with the illusion of more money, and prop up markets.

Unfortunately, we are at or near the point of substantially diminishing returns for this sort of stimulus. It may come as a surprise, given the news flow, but consumption in the United States is not a particularly weak spot. Mega-chains such as Walmart and Target report that consumers are spending quite well, and national parks like Yellowstone are seeing booming business. Incomes are stagnant, but so, for the most part, are prices—with 2 percent inflation hardly high by any recent standard.

So juicing consumption is beside the point, economically. It is not beside the point electorally. Obama was elected on the promise of difference, and yet when push comes to shove, it is not difference but numbing similarity that is in evidence. Prime the pump, make voters feel better.

None of that will aid the national economy per se. Infrastructure, investment, innovation, all will be the source of future growth—if there is a source. Todays Silicon Valley of social media may seem perplexing in its ultimate contribution to productivity, but so too did the search engines and dotcoms of the 1990s, and we now know just how much those enhanced efficiency and led to new industries and ways of commercial interaction.

It would take someone like the Obama of the 2008 campaign to make the compelling, passionate case for that potential and the need to invest in it, but that is not, it would seem, the Obama of August 2011. It certainly is not the Republicans and the Tea Party, who plead bankruptcy of public finances and are wedded to a Luddite dream that less is more and that the only thing standing in the way of job creation is bad politics rather than changing global economies and technology.

Meanwhile, markets swoon as investors try to price in worst-case scenarios. And that may be the only positive here. Markets have been searching for a price based on the complete and abject failure of any political class in the Western world to respond constructively. That is a wise assumption, and markets are likely overestimating the harm that political sclerosis just now is causing. Politics are not sclerotic in the parts of the world that are booming, though Brazil and India are hardly models for efficiency, Indonesia a questionable model for development, and China no ones idea of an open society. Still, as Ollanta Humala, the recent left-wing winner of the Peruvian election, attests, Brazil is now a better model for his countrys growth than the United States, and for that we may be thankful.

So as the country turns to a new round of stimulus, even the left should take a hard look at what is proposed. Block grants to states, payroll-tax holidays, and consumption spending should be questioned. They will not stabilize financial markets, and they will not generate a new era of competitiveness. Infrastructure, direct hiring, real jobs for the unemployed provided by government in lieu of unemployment benefits, long-term investment, and incentives for companies to focus on the United States. That will matter.

Global financial markets are skittish and panicked because investors are deeply confused, and trading algorithms feed the downside and, yes, upside as well. Europe has as much to do with this as the United States just now. Markets send amorphous signals to policymakers, pacifying them is difficult at best, and trying to do so should probably be avoided. They will settle and reflect the companies that are booming when there is a sense that the long-term path is stable and clear.

Obama has a small window of opportunity to steer between the Scylla of placating an electorate that may not be placatable, and the Charybdis of doing nothing. If he designs a stimulus for the short term, the effects will dissipate before he can reap the rewards, and he likely will not get credit for them, anyway. If he thinks for the longer term, he may not get the initial pop from pollsters, but he stands a better chance come next November, and, more important, we all stand a better chance for the coming years.
Zachary Karabell is president of River Twice Research and River Twice Capital. A regular commentator on CNBC and acontributing editor for Newsweek, the Daily Beast, he is the coauthor of Sustainable Excellence, The Future of Business in a Fast-Changing World and Superfusion, How China and America Became One Economy and Why the Worlds Prosperity Depends on It.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Life After Debt
Original article at Foreign Policy
BY JAMES MACDONALD
AUGUST 18, 2011

In this months market upheavals in the United States and Europe, we are witnessing the end of a seven-decade economic experiment. But does anyone have any clue what comes next?

Over the past few weeks, the worlds public debt crisis, simmering for months, has come to the boil. When the problems were confined to small countries such as Greece and Ireland, it was assumed that any fallout could be contained. Now, however, the crisis has threatened to engulf nearly everyone. The high-wire confrontation over the debt ceiling in the U.S. Congress raised the prospect of a default by the worlds biggest borrower. At the same time, the markets turned their attention to Italy, the eurozones third-largest economy and the worlds fourth-biggest debtor, threatening to raise its borrowing costs to unaffordable levels, or even to cut off its access to funds. The two crises differed in many ways -- not least in that Americas borrowing costs fell while Italy's rose -- but the outcomes were similar in one respect: both countries have enacted plans to sharply cut their budget deficits.

How different it seems from two years ago. In the wake of the 2008 financial crisis, the ideas of John Maynard Keynes, the early 20th century British economist who came to fame during the Great Depression, reigned supreme. It was almost universally accepted that his prescription of massive doses of deficit spending constituted the only possible cure for the global economic collapse. But although large-scale government stimulus programs averted economic catastrophe, apparently justifying Keyness theories, it now seems that the Keynesian plan to rescue the global economy is being left half-baked. His ideas are being abandoned even though unemployment remains far above pre-crisis levels and the economic recovery is stalling. Keynesian economists and politicians may describe their austerity-minded opponents as turkeys voting for Christmas, but they appear to be losing the battle.

Is this just a moment of collective folly, a wilful blindness to the lessons of the past? To Keynesians, after all, the historical record is clear. Misguided attempts to balance the budget in the wake of the 1929 crash turned a nasty recession into the Great Depression. It was only when the government started to run a substantial deficit from 1932 onwards that the slump abated and the economy recovered, aided by President Franklin D. Roosevelts devaluation of the dollar in 1933. But the recovery was aborted while unemployment was still high, as a result of the premature withdrawal of fiscal and monetary stimulus in 1937. A sharp and unnecessary second recession followed in 1938, and full employment was only restored by the massive additional stimulus provided by war spending, after which Keynesian economic doctrines produced a period of almost uninterrupted growth that lasted until the 1970s.

The recession of 1938 is a pivotal event in this historical narrative, because it seems to parallel so closely the present situation. By attempting to balance the budget before the economic recovery is fully established, the West risks a double-dip recession, just as occurred in the 1930s.

Yet this story is not quite as simple as Keynesians would like to think -- and the events of 1938 are not the only historical example that can be brought to bear on current events. If Keynesians can point to the impact of wartime spending on the economy, austerity advocates can point to the retreat from it, after both world wars. In 1918 and 1945, both the United States and Britain found themselves with very high public debts and economies that had been artificially boosted during the war as a result of deficit spending and loose monetary policies. Their average budget deficit in the last year of war was 25 percent of gross domestic product, GDP. Yet within two years after the end of the wars, both countries had returned not just to sustainable levels of deficit, but to surplus. This was a far greater level of fiscal tightening than anything contemplated nowadays, and it was achieved exclusively through spending reductions.

The outcomes of these post-war retrenchments are instructive. In three out of the four cases of British and American post-war adjustment, the economies initially shrunk, but then started a period of strong and sustained growth with low unemployment. The exception is Britain after World War I, which entered a decade-long economic depression in many ways as severe as Americas in the 1930s. The difference here is in monetary policy. While the United States countered post-war inflation with interest rate hikes that brought prices back to 1919 levels but no lower, Britain made a concerted attempt to deflate prices to pre-war levels so as to get back onto the gold standard at the old parity. In other words, it attempted an internal devaluation like the one now being prescribed for the uncompetitive peripheral countries of the eurozone, and the result was disastrous.

The post-war experience appears to offer some comfort for America and Britain, if not for the eurozone. It seems that even extreme fiscal contractions can be pursued without long-term harm as long as monetary policy is left easy and deflation is avoided. After the wars there was an inevitable period of difficult adjustment as the economy underwent a change in focus, reducing its dependence on military spending. But once that adjustment was endured, economies rebounded rapidly. This was all the more remarkable because between them, the Allies comprised close to half of the worlds GDP, so there was no hope of exporting to some consumer of last resort.

But there are two big reasons to think austerity will not work in 2011 the way it did in 1919 and 1945. The first is political. In the aftermath of the world wars there was a near universal acceptance of the need to dismantle the wartime economy, even if it involved short-term costs. After 1945, military spending was replaced as the largest drain on public resources by welfare spending. Unlike the warfare state, the welfare state has established deep roots and myriad stakeholders. There is little consensus about whether, let alone how, to cut it back.

The second reason is economic. The worlds debt portfolio today looks almost nothing like it did then. Public debt may have risen dramatically during both wars, but at the same time private sector debt shrank, not least because private borrowers were excluded from the capital markets for the duration of the war. The effect was most pronounced in World War II, during which private-sector debt shrank from 130 percent of GDP in 1940 to a 20th-century low of 65 percent in 1945. That decline completely offset the rise of public debt from 60 percent to 125 percent of GDP over the same period. With such a low level of private debt, it was scarcely surprising that the post-war economy was primed for a recovery, as pent-up demand for consumer goods provided a ready market for industries retooling from war production.

But private-sector debt is so immense today that it is almost inconceivable that such a benign economic outcome will unfold in the face of fiscal austerity. By 2007, private debt in the United States had reached an astonishing 300 percent of GDP, two to three times what it was before the Great Depression and from the 1950s to the 1980s.

The Keynesian prescription for the current economic crisis entails the government keeping the economy afloat until the painful process of deleveraging is accomplished, and consumers, their debt obligations reduced, can once again take their place as the engine of growth. If this means that government debt rises, that is fine, as long as the rise is offset by a comparable fall in private sector debt. So far, this has occurred in the current crisis much as it did during the world wars. Public sector debt has risen by 30 percent of GDP since the end of 2007, while private sector debt has fallen by a similar amount.

This process should be allowed to continue. After all, the federal debt held by the public is currently 65 percent of GDP, far lower than 1945 levels. But is such an escalation of public debt safe, or even possible? Private sector debt still stands at a near record 270 percent of GDP. How far does it need to fall to be considered stable? No one knows. We have been living through, and are now probably witnessing the end of, an era with no historical parallels, what might be described as the great debt experiment.

There have been three ingredients in this experiment. The first was the introduction of Keynesian economics itself. Before that time, there were only two accepted reasons for public borrowing, financing wars and, starting in the 19th century, financing infrastructure projects, in particular railways. These kinds of deficit spending could be variously justified as a necessary response to a national emergency or as a good investment. Keynesian economics not only increased the amount of public debt over time, but also introduced a completely new rationale for running deficits that eroded the traditional disapproval of borrowing to finance pure consumption. In the new jargon, public deficits were not really borrowing at all, but merely an internal accounting procedure to boost purchasing power.

The heyday of Keynesian economics came to an end in the stagflation of the 1970s. But curiously, budget deficits actually grew after Keynesianism fell from favor, not only in the United States, but throughout the Western world. The explanation lies partly in a covert acceptance of deficit spending even by governments nominally hostile to Keynesian doctrine, but also in part in the increasing pressures on public spending created by the second ingredient in the great debt experiment, unfunded long-term financial promises to voters.

The post-war era witnessed not only the triumph of Keynesian economics, but also the establishment of public pensions throughout the Western world. Almost all these pension plans were set up on a pay-as-you-go basis that provided high rates of return to the first generation of pensioners, which, perhaps not coincidentally, was the generation that voted them into existence at the cost of an unfunded commitment to later generations. Public pension plans are the biggest element in the off-balance-sheet obligations of states, which also include unfunded health-insurance liabilities and the 2008 guarantees to the banking system. In most countries these implicit public debts dwarf their traditional obligations traded in the bond market. In the United States, the total long-term commitments for Social Security, public sector pensions, and Medicare have been estimated at over 300 percent of GDP on the basis of current policies.

The third ingredient in this intoxicating debt brew has been the extraordinary rise in private-sector borrowing since the 1980s. This growth was made possible by the interaction of a number of widely held beliefs. The first was the notion that everyone should have access to credit, partly in the interests of social justice and partly in the interests of general economic prosperity. Such credit could be made available because of the belief that, properly structured, the debts of traditionally uncreditworthy borrowers were as sound as anyone elses. This idea was part of a broader conviction that advances in financial technique were increasing the amount of debt that the economy could sustain with safety. A new generation of mathematically trained bankers, quants, was dreaming up instruments such as structured credit vehicles and complex derivatives that contained and dispersed risk. And a new generation of wise central bankers had learned the lessons of the deflationary 1930s and the inflationary 1970s and were now able to guide the economy into the great moderation of low and stable inflation and interest rates.

By the early 2000s, it seemed that the solution for almost every problem in the Western world, personal as well as macroeconomic, was to borrow. Not anymore. The message received from both markets and voters Europe and in America is that the era of ever-higher debt is over.

Indeed, one of the most striking aspects of the eurozone crisis is that bond markets have not discriminated between causes of excessive debt. Greece was denied credit and had to go begging to Brussels for a bailout, not because it had taken part in the real estate bubble but because it had abused entry to the eurozone to enjoy a public borrowing spree. Ireland was denied credit because, even though its public finances were in solid shape, it had allowed its banks to overwhelm them. Italy is perhaps the most remarkable case of all. It is now threatened with loss of credit, not because of any post-euro borrowing, nor because of its current budget deficit, which is not much higher than Germanys. Rather, it is being punished for sins committed in the 1980s and early 1990s when it built up its public debt to levels that the markets have suddenly decided are unsustainable. What we are seeing, in other words, is a wholesale revision of the rules about debt that have held true for decades.

The markets have highlighted a fundamental shortcoming in Keyness ideas. He assumed that governments would always be able to borrow. If they cannot, then Keynesian economics is dead in the water. In the European periphery, the markets have preempted the austerity debate by refusing to lend. But even where markets have not forced the issue, voters have been taking matters into their own hands. Germany may have enacted stimulus measures in 2008, but it followed that by adopting a stringent deficit reduction program in 2009, including a balanced budget amendment to the constitution. Britains Conservatives, who had been wandering in the political wilderness for more than a decade, seemed out of the mainstream when they proposed cutting the deficit in 2009. The following year, the party was voted into power amid a debate that changed the political climate so dramatically that all parties were soon proposing relatively similar austerity programs. The United States, the last holdout of fulsome deficit spending under President Barack Obama, lurched sharply rightward in the 2010 congressional election. Now, as in Britain, what originally seemed like a minority opinion in favor of fiscal austerity has become accepted policy, with congressional Republicans bent on slashing the budget at any cost and the White Houses Keynesian voices now drowned out by the administration's chorus of deficit hawks.

It is not clear that the bond markets or voters who have called an end to Keynesianism have a clear vision of what lies ahead. The former know only that they are no longer willing to lend, the latter that they are no longer willing to borrow. The great debt experiment has left the Western world with a problem that has no easy solution. The outcome is hard to predict, but in the end it is likely to involve the reduction of both private and public debts to levels that the markets consider sustainable, whether by debt write-offs or through inflation. One thing seems clear, for the first time in decades, borrowing will not form part of the solution.

Work at home is the solution for an individuals financial issues. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Obamas Jobs Policies Will Reduce Job Opportunities
Original article at Real Clear Markets
By Diana Furchtgott-Roth
August 18, 2011

The White House announced that President Obama will deliver a major address on job creation early in September. Mr. Obama could address proposed Labor Department regulations that would hobble employers with paperwork, reducing hiring.

These regulations include affirmative action rules for minorities and women at on-site construction jobs for federally-funded projects, requirements for federal contractors to keep records of the race, sex, and earnings of employees, rules governing dust levels in coal mines, and rules to expand preferences for veterans in the workplace.

Such regulations are even more extraordinary in light of Mr. Obamas avowed pursuit of regulatory simplicity and reform. He has issued executive orders to cabinet agencies and to independent agencies to evaluate costs and benefits of regulations.

The presidents regulatory agenda, available at www.reginfo.gov, lists 4257 proposed rules now pending, up from 4225 in the fall, and 3943 a year ago. On one hand, Mr. Obama asks for simplification. On the other, his agencies spew out more rules, more paperwork requirements.

Space does not permit detailed discussion of all these rules.

Consider just one, the proposed Labor Department rule from the Office of Federal Contract Compliance Programs entitled Affirmative Action and Nondiscrimination Obligations of Contractors and Subcontractors Regarding Protected Veterans. It takes up 67 single-spaced pages in the Federal Register. The comment period closed on July 11, and the Department is reviewing comments in order to publish a final rule notice by December.

About 26 million workers are employed by federal contractors, according to the Labor Departments Web site, almost one-fifth of the economys 139 million employed workers. The more time and money an employer must devote to regulatory compliance, the less likely the employer is to hire new hands. Like it or not, thats a fact of life.

The new rule would require procedures for federal contractors and subcontractors that would be time-consuming and costly.

Contractors would have to list job openings for veterans with an appropriate employment service delivery system. This means that the Office of Federal Contract Compliance has to approve of the employment agencies where job vacancies are posted.

Contractors would have to maintain annual records of referrals of all job candidates, referrals of veterans, and the ratio of veteran referrals to all referrals. This would be substantial paperwork burden. If employers did not get enough veteran referrals, they could get dropped as federal contractors.

Employers would have to print notices of employee rights and contractor obligations in Braille and large print for workers who are visually impaired. If they are visually impaired, additional accommodations would have to be made.

Contractors affirmative action programs for veterans would have to be reviewed and updated annually, as well as mental and physical requirements for job descriptions.

Contractors would have to engage in outreach and recruitment efforts in order to make sure that veterans hear about the openings and apply.

Employers would have to conduct mandatory all-employee and management meetings to discuss their affirmative action policies and make sure everyone understands them. Currently, such notices must be posted on employee bulletin boards in full view, often in cafeterias or outside human resources offices.

Laws requiring affirmative action for veterans have been in place since 1974. The Labor Department writes that the proposed regulations would strengthen these affirmative action provisions, detailing specific actions a contractor must take to satisfy its obligations.

Do veterans need yet more regulation meant to discourage discrimination against them in hiring? Is such discrimination common? The July unemployment rate for veterans, at 8.6 percent, is lower than the overall unemployment rate of 9.1 percent, as calculated by the Labor Department.

The requirements for posting job openings apply to all employers who hold a federal contract of at least 100,000 dollars to all employees and all hiring, not just the workers employed on that federal contract. New rules for the written affirmative action plan apply to employers with at least 50 total employees across all parts of the company.

The Department estimated that the new rule would cost 61 million dollars per year. But the estimates understated costs by more than ten-fold, according to the Equal Employment Advisory Council, a group of businesses that submitted comments. The Council believes that costs will be 825 million dollars in the first year, and 727 million dollars each year thereafter.

The Council reported that the Department underestimated numbers of workers subject to the rule. Plus, Department estimates did not account for costs of lost work due to mandated annual all-employee meetings to inform workers of the rule. Other costs, such as reading and understanding the rule, forming partnerships with groups that promote veterans hiring, and developing benchmarks to measure increases in veterans hiring, were also underestimated.

Even the 727 million dollars annual cost is likely low, in my opinion. When the government tells you who you have to hire, hiring is no longer a competitive practice, and business is no longer efficient or competitive. Turning approximately 20 percent of the workforce into a job placement service for the federal government will cost more than 727 million dollars, a small fraction of a percent of GDP.

Even the American Legion, a congressionally-chartered organization to help veterans, thought some requirements too burdensome. In published comments, the Legion wrote, The American Legion believes that job listing regulations could place an undue burden on contractors, including many veteran-owned small businesses and service-disabled-veteran-owned small businesses. Rather than placing such an undue burden on these contractors, the government should make it as easy as possible for companies to post their job listings with any employment service.

Some businesses, especially small ones, simply cannot survive with these rules. Those that can survive will have higher costs and be less inclined to hire employees. The ironic result, in the name of helping veterans, the Labor Departments policies will mean fewer jobs for everyone, including veterans.
Diana Furchtgott-Roth is a contributing editor of RealClearMarkets, an adjunct fellow at the Manhattan Institute, and a columnist for the Examiner.

Work at home, and do not get caught up in Obamas blame game. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Vision as the Indispensable Quality of Leadership in a Work at Home Business -- Part 1.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, August 18, 2011

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

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Editorial. Did Bo, Obamas Dog, Eat The Recovery?
Original article at Investors.com
Posted 08/16/2011

Blame Game. In his inaugural address 2 and a half years ago, President Obama called for a new era of responsibility. Yet lately, his main goal in life seems to be escaping any responsibility for the lousy economy.

It is getting so you have to keep a list of everyone and everything Obama wants to blame for the anemic economic recovery.

So far, it includes

President Bush. Obama continues to blame Bush for the mess he inherited, despite the fact that the recession had pretty much bottomed out by the time Obama took office and was officially over a mere four months after he was sworn in.

ATMs. In June, Obama blamed automated teller machines and airport check-in kiosks for the lack of jobs, saying that businesses have learned to become much more efficient, with a lot fewer workers.

Republicans. On Monday, Obama said that because some in Congress would rather see their opponents lose than America win, we ended up creating more uncertainty and more damage to an economy that was already weak, a thinly veiled attempt to blame the GOP for the economic malaise.

Gridlock. Obama goes after partisan impasses. What he is really complaining about is that lawmakers have not enacted his latest stimulus plan, spending hikes, gimmicky tax breaks and a massive tax hike, that has already been tried and failed.

The media. In July, Obama said the splintered press was in part to blame for Washingtons failure to boost the economy. If you never even have to hear another argument, he said, then over time you start getting more dug in into your positions.

Businesses. Obama has often blamed companies needlessly sitting on massive piles of cash. In May, he insisted that firms should step up and start hiring.

Misfortune. Over the last six months, we have had a string of bad luck, he said at a town hall on Monday, citing the Arab Spring, the Japanese tsunami and Europes debt crisis. So there were a bunch of things taking place over the last six months that were not within our control.

Just to be clear, Obamas policies alone are to blame for the current sorry state of the economy.

In his first two years, Obama had free rein to get his economic agenda through a heavily Democratic Congress, an 830 billion dollar stimulus, billions more in auto bailouts, mortgage bailouts and cash for clunkers, ObamaCare and Dodd-Frank.

None of those packages worked. They produced the worst recovery since the Great Depression. That was true before the Arab Spring, the tsunami, Europes debt crisis and before Republicans won back the House.

At a press conference this summer, Obama said, I am not interested in finger-pointing.

But that is all he has been doing for months.

Would not it be nice if Obama instead were to live up to his inaugural credo and start his own era of responsibility by admitting his role in the countrys economic slump?

Work at home, and do not get caught up in Obamas blame game. Working at home to take advantage of your alternative and a great choice for your financial stability. Work at home is the best option. Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

It Is Wise to Ignore Buffetts Tax Rants
Original article at Real Clear Markets
By Investors Business Daily
August 16, 2011

Fiscal Policy. Warren Buffett may have hoped his call for a tax increase on the rich would make him look selfless. Instead, it just made him look like an uninformed hypocrite.

In a New York Times op-ed on Monday, Buffett complained that he and his super-rich friends have been coddled long enough by a billionaire-friendly Congress and should have their taxes raised immediately in the name of shared sacrifice.

In making his case, Buffett noted that the richest 400 taxpayers saw their average tax rate drop from 29.2 percent to 21.5 percent since 1992, and that he paid only 17.4 percent of his income in federal taxes last year.

But if Buffett really thinks that he and his rich friends can and should pay more in taxes, why does he not just write a fat check to the government? Indeed, if Buffett really believes he is under-taxed, does not he have an obligation to pay more? Not just for last year, but for all the years he has coughed up less than 29.2 percent?

And should not he be cajoling his rich friends to do the same? After all, Congress can take forever to act, but the need for more tax dollars is oh so urgent.

Somehow, we doubt Buffett or any of the other rich liberals claiming they are not taxed enough will actually have the courage of their convictions.

Not that it would make any meaningful difference. Even if you doubled the taxes paid by every millionaire in America, you would still make only a dent in the deficit. Millionaires and billionaires are not that plentiful. And that assumes they would actually pay the higher rates, something history shows will not happen.

The simple fact is that the rich have a tremendous amount of flexibility as to where, when and how they make money. Raise rates too much, and they will just get their army of accountants to find ways to avoid them.

The taxes paid by the richest 400 in 1994 were almost identical to the amount they paid in 1992, despite the intervening Clinton tax hike. And by 2000, just 123 of these 400 paid 25 percent or more in taxes, down from 305 before Clintons tax hikes went into effect, IRS data show.

In contrast, capital gains taxes paid by these super rich exploded each time the capital gains rate was cut, as they were more willing to realize gains at the lower rates. Indeed, realized capital gains climbed 28 percent after the rate cut in 1997, and 21 percent after the 2003 cut, according to the IRS.

Nor is it true, as Buffett claims, that the rich have been coddled. Indeed, the top 0.1 percent of income earners, the millionaires and billionaires Buffett says have made out like bandits, paid a third more in federal income taxes in 2008 than they did in 2001.

The richest 400 paid almost two-thirds more. And the share of federal income taxes paid by the rich climbed after the Bush tax cuts went into effect.

If Buffett were as smart about tax policy as he is about investing, he would be calling for tax reform that cuts rates and eliminates loopholes, instead of playing up the class warfare rhetoric.

Until then, we would all be well advised to ignore Buffetts tax rants.

Working at Home to Take Advantage of Your Alternative and a Great Choice for your financial stability. Work at Home.
Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

The Fix Is In
Original article at Real Clear Markets
By Peter Schiff
August 13, 2011

This weeks wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is really going on beneath the surface of Americas troubled economy. But this week did bring startling clarity on at least one front. In its August policy statement the Federal Reserve took the highly unusual step of putting a specific time frame for the continuation of its near zero interest rate policy.

Moving past the previously uncertain pronouncements that they would keep interest rates low for an extended period, the Fed now tells us that rates will not budge from rock bottom for at least two years. Although the markets rallied on the news, at least for a few minutes, in reality the policy will inflict untold harm on the U.S. economy. The move was so dangerous and misguided that three members of the Feds Open Market Committee actually voted against it. This level of dissent within the Fed has not been seen for years.

Many economists have short-sightedly concluded that ultra low interest rates are a sure fire way to spur economic growth. The easier and cheaper it is to borrow, they argue, the more likely business and consumers are to spend. And because spending spurs growth, in their calculation, low rates are always good. But, as is typical, they have it backwards.

I believe that ultra-low interest rates are among the biggest impediments currently preventing genuine economic growth in the US economy. By committing to keep them near zero for the next two years, the Fed has actually lengthened the time Americans will now have to wait before a real recovery begins. Low rates are the root cause of the misallocation of resources that define the modern American economy. As a direct result, Americans borrow, consume, and speculate too much, while we save, produce, and invest too little.

It may come as a shock to some, but just like everything else in a free market, interest rate levels are best determined by the freely interacting forces of supply and demand. In the case of interest rates, the determinative factors should be the supply of savings available to lend and the demand for money by people and business who want to borrow. Many of the beneficial elements of market determined rates are explained in my book How an Economy Grows and Why it Crashes. But allowing the government to determine interest rates as a matter of policy creates a number of distortions.

It was bad enough that the Fed held rates far too low, but at least a fig leaf of uncertainty kept the most brazen speculators in partial paralysis. But by specifically telegraphing policy, the Fed has now given cover to the most parasitic elements of the financial sector to undertake transactions that offer no economic benefit to the nation. Specifically, it will simply encourage banks to borrow money at zero percent from the Fed, and then use significant leverage to buy low yielding treasuries at 2 to 4 percent. The result is a bankers dream, guaranteed low risk profit. In other words it will encourage banks to lend to the government, which already borrows too much, and not lend to private borrowers, whose activity could actually benefit the economy.

This reckless policy, designed to facilitate government spending and appease Wall Street financiers, will continue to starve Main Street of the capital it needs to make real productivity-enhancing investments. American investment capital will continue to flow abroad, denying local business the means to expand and hire. It also destroys interest rates paid to holders of bank savings deposits which traditionally had been a financial pillar of retirees. In addition, such an inflationary policy drives real wages lower, robbing Americans of their purchasing power. The consequence is a dollar in free-fall, dragging down with it the standard of living of average Americans.

Until interest rates are allowed to rise to appropriate levels, more resources will be misallocated, additional jobs will be lost, government spending and deficits will continue to grow, the dollar will keep falling, consumer prices will keep rising, and the government will keep blaming our problems on external factors beyond its control. As the old adage goes, insanity is doing the same thing over and over again and expecting different results.
Peter Schiff is the CEO of Euro Pacific Capital.

Working at Home to Take Advantage of Your Alternative and a Great Choice for your financial stability. Work at Home.
Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

More Jackson Hole Shock-and-Awe From Ben?
Original article at Real Clear Markets
By Larry Kudlow
August 11, 2011

Ben Bernankes shocking FOMC announcement on Tuesday, that its zero-interest-rate target would be extended for two more years through the middle of 2013, drove Dow stocks up over 400 points. But this new policy had no stock market carry-over on Wednesday, when the Dow plunged over 500 points.

But we have not heard the last from Ben Bernanke, not by a long shot.

Buried in the last paragraph of this weeks surprise FOMC announcement was this huge statement. The Committee discussed the range of policy tools available to promote a stronger economic recovery in a context of price stability.

This is a brand-new statement. And in all likelihood it was purposefully open-ended. A Fed source suggests that this sort of stuff is usually left out of sight and buried in Fed committee minutes, released well after the FOMC meeting, and not put boldly in the actual policy statement. So clearly, it is very important.

What might it mean?

When Bernanke speaks at the Feds Jackson Hole, Wyoming, meeting on August 26, he could conceivably launch a real shock-and-awe stimulus program. If you go back a year, when Bernanke first announced QE2 at Jackson Hole, sources tell me that the original debate over the quantity of bond purchases had a 2 trillion dollars balance-sheet expansion on the table. Inflation hawks beat that number back to 600 billion dollars. But now the rest of that 2 trillion dollars, or 1.4 trillion dollars, could conceivably be on the table for a new QE3 announcement by the Fed.

A new round of Fed bond purchases would likely be aimed at pinning long-term interest rates down as much as possible. In other words, the Fed will be buying 10-year paper and maybe even 30-year paper to get those yields down even more, 10-years are currently around 2 percent. The idea would be to reduce the attractiveness of government bonds and get investors into riskier assets like stocks, or perhaps even new-business and venture-capital start-ups where potential yields look even more attractive. There may even be some job-creation in all this.

Plus, the Feds potential Jackson Hole shock-and-awe program could include the removal of the 25-basis-point Fed payment on the 1.6 trillion dollars excess bank reserve now on deposit at the central bank. If the banks no longer earn a safe 25 basis points, they might conceivably lend more.

And if long-term rates come down as per Bernankes target bond purchases, mortgage rates might come down even more to the benefit of future and current homeowners.

Politically, inside the Fed, three regional bank presidents dissented from the unprecedented Fed decision to keep its target rate down for two more years. But the inner circle of Fed power, Ben Bernanke, Janet Yellen, and William Dudley, has enough votes from other Fed board governors and reserve-bank presidents to jam through almost any shock-an-awe it wants. All this could be announced formally at the next Fed meeting on September 20, but Bernanke himself is likely to let the cat out of the bag in Jackson Hole toward the end of this month.

The trouble with all this is that it did not work the last time with QE2, and it will have no permanent effect on the slumping economy. Targeting bond yields and printing more money simply distorts asset prices throughout the financial markets. We have seen this movie before. And it did not play well. The Feds shock-and-awe risks another round of dollar depreciation. It is part of the message of skyrocketing gold prices right now.

Unleashing dormant animal spirits in this economy can only come from the fiscal side, with low-tax and regulatory reforms to provide new economic-growth incentives and lower the cost of doing business. A pro-growth package from Washington is what we really need. It should be part of the next round of budget cuts, included in the work of the super committee during phase two of the debt deal.

Without those new incentives for growth, the Fed can print all the new money in the world and the federal government can spend itself into oblivion, and none of it will resurrect the economy.
Lawrence Kudlow is host of CNBCs The Kudlow Report and co-host of The Call. He is also a former Reagan economic advisor and a syndicated columnist. Visit his blog, Kudlows Money Politics.

Working at Home to Take Advantage of Your Alternative and a Great Choice for your financial stability. Work at Home.
Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Missing Jobs and How We Can Find Them
Original article at Real Clear Markets
By Aparna Mathur
August 10, 2011

According to the National Bureau of Economic Research, NBER, business cycle dating committee, the trough of the Great Recession occurred in June 2009, 18 months after the recession began in December 2007, making it the longest of any recession since World War II. Given the official end of the recession in 2009, the economy should have been in recovery for the past two years. If only we were so lucky. For many Americans the recession is far from over.

Let us look at the broadest indicator of economic activity, the real GDP growth rate. While the Federal Reserve has been predicting annualized rates of growth of approximately 2.7 percent to 3.3 percent for 2011, the latest data from the Bureau of Economic Analysis shows that in the second quarter of 2011, real GDP grew at an annual rate of 1.3 percent. Disturbingly, first quarter growth was revised down to 0.4 percent from an earlier estimate of 1.9 percent.

Manufacturing activity also hit a bump in July, falling to a much slower rate of growth than in the previous month, according to the Institute of Supply Management. Market participants are worried that this could indicate a slump in global manufacturing and a wider economic downturn. Construction activity and the housing sector have not yet gained steam.

It is not surprising that these lackluster results have translated into an employment recession, if not an economic recession. Consumer sentiment, as seen in the University of Michigans index fell to more than a two-year low in mid-July, the lowest point since the first quarter of 2009 when the economy was in a recession.

Consumers are unwilling to spend, and the lack of domestic demand combined with the uncertainty over the economy has further curtailed business investment and hiring by American corporations. While GDP growth rates have been sustained somewhat by continued increases in exports and federal government spending, this has not translated into sustained jobs growth. The chart accompanying this piece, shows month-on-month employment growth rates from the start of the recession in December 2007 to the current period. The GDP growth rates over this period are included as a point of comparison.

While the economic recession, dated by the NBER, officially ended in June 2009, the red line, the employment recession has continued. Employment growth remained negative between June 2009 and the first quarter of 2010. Excluding a couple of months in the summer of 2010, employment growth has been negative or close to zero for all other months. The July numbers seem to offer a glimmer of hope. But given the U.S. debt downgrade by S and P and the recent turmoil in global and U.S. stock markets, it is likely to be little less than an aberrant blip. While employment typically lags an economic recovery, as happened following the 2001 recession, it is troubling that even two years after the end of the recession, the labor market is still struggling to find a footing.

Tackling the jobs situation has to be the biggest priority for the government right now. Yet, while the debt ceiling deal may go some way towards reducing the uncertainties about the economy for businesses, there is little clarity about the details.

Firms are still unsure about the type of tax reform and the areas reserved for spending cuts that may be negotiated as part of the deal. Investors remain worried about the impact of the U.S. credit downgrade and the possibility of further downgrades despite the debt ceiling being raised. The Administration has also imposed enormous costs on the economy through a series of new regulations, such as the Dodd-Frank bill which affects financial firms and the Patient Protection and Affordable Care Act, best known as Obamacare.

Clearly, the Administration needs to do a better job of reducing uncertainties facing businesses and consumers by providing more clarity in policies going forward. Based on research done with colleagues at the American Enterprise Institute, AEI, it is my belief that lowering the corporate tax rate might yield double dividends at this time.

Today, the U.S. has one of the highest corporate tax rates in the developed world, and yet collects some of the lowest corporate tax revenues, as a share of GDP. A reduction in the corporate tax rate would cause an increase in capital flows and investment in the U.S., as well as higher worker productivity and higher wages for workers, resulting in higher corporate tax revenues which in turn would benefit the economy.

In addition, higher incomes in the hands of workers could act to increase domestic spending and help firms expand and hire more. This would start a true cycle of economic recovery.

President Obama congratulated his Administration on having taken the right steps early on when the recession officially ended in 2009. But two years on, his cheers ring hollow. Only through the reform of the U.S.s corporate tax system, the reduction of onerous regulations and of the uncertainties facing businesses, will the U.S. have a sustained GDP and employment growth to make that proclamation become true.
Economist Aparna Mathur is a resident scholar at the American Enterprise Institute.

Working at Home to Take Advantage of Your Alternative and a Great Choice for your financial stability. Work at Home.
Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Developing People, Your Most Appreciable Asset in a Work at Home Business -- Part 4.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, August 11, 2011

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

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Why Taxing the Rich Does Not Work
Original article at Real Clear Markets
By Louis Woodhill
August 9, 2011

President Obama has said that he wants to spread the wealth. He proposes to raise taxes on the rich to get more money for stimulus spending, such as longer unemployment benefits. Let us look at how this spread the wealth thing would actually work.

Joe Lunchbox works in a factory owned by Reginald Bigbucks III, a billionaire. Obama stops at the factory during a Jobs bus tour through the Midwest. Joe and his coworkers assemble in the lunchroom to hear Obama speak.

Good news, the president tells the workers. We are going to be spreading the wealth. We are raising taxes on millionaires and billionaires-like Reginald Bigbucks III, and we are going to spend the money to benefit the middle class, people like you."

Joe raises his hand. What do you mean? he asks. I mean, like, what is actually going to happen?

Obama explains, To pay my new taxes, Mr. Bigbucks is handing this factory over to the federal government. We are going to tear it down and sell it for scrap. Then we are going to use the money to extend unemployment benefits for another 99 weeks.

Oh, Joe sighs. Well, then, I guess that I am going to be needing those unemployment benefits.

If the above example strikes you as fanciful, consider the following. To tax is to take away something from someone and give it to the government. The rich are rich because they own a lot of assets. So, what it means to tax the rich is to take assets away from rich people and transfer them to the government.

So, what are the assets that the rich own? The rich do not have money bins full of cash, like Scrooge McDuck. Rather, they own things like factories, office buildings, and oil wells, either directly, or indirectly via stocks and bonds.

In other words, the rich own most of the nonresidential fixed assets of the nation. These assets certainly count as wealth, but what they are physically are the tools that workers use to produce Americas GDP.

The government does not want factories, office buildings, or oil wells. It wants cash. So, taxing the rich forces them to liquidate assets. This liquidation is accomplished financially, rather than by actually tearing down factories and selling them for scrap.

At the concrete level, what happens is that money that would otherwise have gone to create new nonresidential fixed assets is redirected to buy some of the rich taxpayers existing assets. The rich person then hands this money over to the government. The end result of this process is that government has more money, and the rich person, and the economy as a whole, has less nonresidential fixed assets.

The relationship between nonresidential fixed assets and GDP has been essentially constant for the past 60 years. One dollar of nonresidential fixed assets yields about 50 cents of GDP. Real GDP per worker has risen over the years as real nonresidential fixed assets per worker have increased. In 2009, according to BEA data, the average job was underpinned by about 200,000 dollars in nonresidential fixed assets.

So, if you tax away 200,000 dollars from the rich, GDP goes down by about 100,000 dollars per year, federal revenues go down by about 18,000 dollars per year, and total employment goes down by one job. This is how spreading the wealth actually works. This may account for why taxing the rich is, inexplicably for Progressives, not popular with voters.

Now, 200,000 dollars is more than 18,000 dollars, so does not taxing the rich at least leave the federal government better off? No, it does not. This is because to get the 200,000 dollars, the federal government has to give up 18,000 dollars per year in tax revenue from then on. The present value of 18,000 dollars per year is about 620,000 dollars. So, when the federal government taxes 200,000 dollars away from the rich, it makes itself worse off by 420,000 dollars, the country as a whole becomes poorer by 3.4 million dollars, and Joe Lunchbox loses his job.

Wait! the Progressives might cry. We do not tax assets, we tax income!

Well, the death tax, which Progressives love, is a pure tax on assets. It often forces the immediate, direct, and inefficient liquidation of assets to pay the tax. This is why the death tax is so economically destructive, and probably why it is opposed by a vast majority of the public. However, let us look at the income tax, which is the Progressives favored vehicle for taxing the rich.

In 2008, John Paulson earned more than a billion dollars. How much of the last say 100 million dollars of income did he consume, rather than save and invest? Zero. It is not physically possible for one man to consume what a billion dollars will buy. No matter how rich you are, you can only live in one house at a time, you can only drive one car at a time, and you can not eat any more than a middle class person or you will get fat.

The richest of the rich save and invest 100 percent of their incremental income. So, taxing the income of this small group reduces nonresidential fixed assets essentially dollar for dollar. This is the inherent problem with an income tax. When the government taxes away a dollar that would otherwise have been saved and invested, everybody loses. It does not matter whether that dollar is taken away from Joe Lunchbox or Reginald Bigbucks III.

On a present value basis, taxing a dollar away from someone who would otherwise save or invest that dollar costs the economy as a whole 17.20 dollars, and produces a net loss to the federal treasury of 2.10 dollars. Accordingly, taxing away a dollar of income from anyone who saves and invests more than 32 percent of his earnings on the margin is a net loser, even if all you consider is Federal finances.

Progressives are bewildered that the FairTax, which would replace almost all existing federal taxes with a national sales tax, is so popular with the public. Progressives denounce the FairTax as regressive.

What voters understand, and Progressives seemingly do not, is that the middle class gets almost all of its income via employment. Both the number of jobs and the wages that those jobs pay depend directly upon the nations stock of nonresidential fixed assets. Because the FairTax taxes only consumption and has very low compliance costs, the FairTax would maximize savings and investment. This, in turn, would cause nonresidential fixed assets, GDP, employment, and wages to rise at the fastest possible rate. The FairTax would even maximize the present value of federal revenues.

Right now, the middle class needs more jobs and higher wages much more than it needs lower taxes. The federal government needs higher tax revenues, not higher tax rates. This is why taxing the rich is an electoral loser and the FairTax is an electoral winner. Let us hope that the Republican presidential hopefuls figure this one out.
Louis Woodhill, louis@woodhill.com, an engineer and software entrepreneur, is on the Leadership Council of the Club for Growth.

Working at Home to Take Advantage of Your Alternative and a Great Choice for your financial stability. Work at Home.
Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Unemployment Data Tell Different Stories
Original article at Real Clear Markets
By Alfred Tella
August 8, 2011

Payroll jobs rose last month by a modest 117,000 after seasonal adjustment, just enough to push above the line of statistical significance, though not enough to absorb normal population additions to the labor force. The July increase followed two successive months of job changes that again failed statistical significance despite their upward revisions.

The 9.1 percent unemployment rate in July was not statistically different from the 9.2 percent rate in June, though it was widely hailed as an improvement. The rate has varied little since April.

Total civilian employment collected by the household survey is more comprehensive than payroll employment, and is sister to the official unemployment data which come from the same household survey. Civilian employment failed to show any improvement in July, and allowing for population growth, the unemployment rate would have been expected to tick up. The only reason it did not was a 0.2 point drop in the labor force participation rate, the percentage of the working-age population that is in the labor force, as more frustrated jobless gave up active job search and retreated to the sidelines.

Corrected for last months labor force disappearance, the 9.1 percent July unemployment rate increases to 9.3 percent.

The labor force participation rate last month fell to 63.9 percent, its lowest level since May 1983. The employment-population rate, a measure of labor utilization, also hit its lowest level in 28 years, 58.1 percent last month.

Contributing to the uptrend in hidden unemployment are growing numbers of jobseekers who have completed their allowed time on extended unemployment compensation and so have given up on job search, which is not costless. Many of those sidelined will apply for disability, another last resort escape hatch for the desperate.

In the last two months the labor force participation rate fell by 0.3 point. Had the participation rate held steady, the unemployment rate would have increased from 9.1 percent in May to 9.5 percent in July.

The results are even more dramatic if the comparison is extended back to the business cycle trough in June 2009. Although the economy has since been in recovery, the employment-population rate tells us that the labor market has been in recession since late 2007. A level participation rate since mid-2009 would have resulted in the addition of 4.2 million unemployed to the official count, raising the unemployment rate from 9.5 percent 25 months ago to 11.5 percent last month.

Since the 2009 business cycle trough payroll employment has risen by only 697,000 or an average 28,000 a month - a pathetic showing. Total civilian employment has done even worse, showing no increase at all.

Question. Has the employment, unemployment relation shifted? A comparison of periods of labor market weakness since 1990 shows that for a given loss in employment, a smaller share has been going into officially recorded unemployment since late 2007 than previously, with a greater share going into uncounted hidden unemployment.

This suggests that the official unemployment rate may have become biased by not picking up as much unemployment in the recent period of labor market weakness as it did in the past. If so, the reason could be that the greater severity of the latest period of employment weakness has had a stronger discouraging effect on the jobless, possibly worsened by a growing structural mismatch between their work skills and the skills in demand. This is a subject that needs further investigation.

At least one number in the latest employment report was positive, the 10 cent increase in the average hourly earnings of private nonfarm workers in July. But even so, the year-over-year increase in consumer prices has been picking up in recent months, resulting in a decline in inflation-adjusted hourly earnings.

While the modest rise in payrolls last month is a hopeful sign of more jobs to come, the household data paint a bleaker picture. Economists are toning down their forecasts for the second half of this year and for 2012. An economic growth rate of 2.5 percent is beginning to look optimistic. But the combination of productivity and population growth could easily eat up that amount of GDP growth, leaving little or nothing to help employment.

It is looking more and more as if the unemployment rate will be in the 8 or 9 percent range come election day next year. That is something the president may not be able to survive.
Alfred Tella is a former Georgetown University research professor of economics.

Working at Home to Take Advantage of Your Alternative and a Great Choice for your financial stability. Work at Home.
Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Stocks Know More Spending Will Not Work
Original article at Real Clear Markets
By Larry Kudlow
August 6, 2011

There he goes again. Out on the campaign trail, President Obama is proposing more federal spending as his answer to sluggish growth and jobs. That will not do it, Mr. President.

He wants more infrastructure spending, undoubtedly in the form of an infrastructure bank. That is a terrible idea. It is borrowed from Latin America, where bloated and corrupt bureaucratic construction agencies have helped bankrupt any number of countries in the past.

He wants to lengthen 99-week unemployment insurance, although numerous studies have shown that continuous unemployment benefits are associated with higher unemployment.

And he wants to extend the temporary payroll tax credit, which is not a permanent reduction in marginal tax rates, has no incentive effect, has not worked so far, and is really a form of federal spending, not real tax relief.

Earlier this week, when he signed the debt-ceiling bill, the president ranted on about the need to raise tax rates on successful earners, investors, and small businesses. He is trying to bring back tax hikes as part of the phase-two special committee seeking additional deficit reduction, even though his own party rebuffed him on this in the late stages of the debt talks. All this is a prescription to grow government, not the economy.

What the economy needs, Mr. President, is a strong dose of new incentives, with pro-growth tax reform that flattens marginal rates and broadens the base for individuals and businesses. This includes moving to territorial taxation that ends the double tax on foreign earnings of U.S. companies. Plus, we desperately need a complete moratorium on federal regulations. As Senator Barrasso recently noted, the government put out 379 new rules on business in July alone, amounting to 9.5 billion dollars in additional costs.

None of these pro-growth reforms are in sight. So the stock market is going through a nasty 10 percent correction over fears of another recession, and European debt default.

But at least we got some good news on jobs. The July jobs report came in stronger than expected. It is not great. But at least nonfarm payrolls increased 117,000, as the prior two months were revised upward by 56,000, while private payrolls gained 154,000.

That is definitely not a recession reading. But neither is it a strong performance. If the economy were really rebounding, we would be creating 300,000 new jobs a month.

In the report, the unemployment rate slipped to 9.1 percent from 9.2 percent. But that is mostly because nearly 200,000 workers left the civilian labor force. Another negative is the household employment survey, which fell 38,000 in July after dropping nearly half a million in June. That survey measures job creation among small owner-operated businesses or the lack thereof.

Yet when looking at the new jobs report, along with reasonable gains in chain-store sales and car sales, plus the ISM Purchasing Managers reports, which stayed above the 50 percent line, I repeat my thought that we are not headed for a double-dip recession.

Over two years of so-called economic recovery, growth has averaged about 2.5 percent. It fell to less than 1 percent in the first half of this year, largely from a commodity-price shock that included oil, gasoline, and food-price spikes. That price shock resulted mainly from the Feds QE2 depreciation of the dollar, a big mistake. It eroded real consumer incomes and spending.

Lately, the dollar has stabilized and energy prices have come down quite a bit. That will reduce inflation and support better consumer spending. Businesses are already highly profitable and cash-rich. They are investing some of that, but not nearly enough to create sufficient new jobs. Who would, with all these Washington policies?

Finally, the Fed remains ultra-easy with excess liquidity and a zero interest rate.

So it looks to me like we will return to the sub-par 2.5 percent growth trend rather than dip back into recession. However, at this pace, unemployment may hover around 9 percent right up to election time next year.

More spending will not do it Mr. President. Tax and regulatory incentives will.
Lawrence Kudlow is host of CNBCs The Kudlow Report and co-host of The Call. He is also a former Reagan economic advisor and a syndicated columnist. Visit his blog, Kudlow's Money Politics.

Working at Home to Take Advantage of Your Alternative and a Great Choice. Work at Home.
Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

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Analysis, Shaky economy has companies wary of spending
By Scott Malone and Mike Tarsala
BOSTON-NEW YORK, Thursday Aug 4, 2011
Original article at Reuters

Reuters. Weakening demand in the United States and Europe has spooked some in corporate America, prompting big companies to throttle back their spending just as U.S. government looks for ways to cut its own outlays.

That new wave of fears is threatening to choke off a fledgling resurgence in capital investment by big companies, one of the few areas where economic activity was growing.

Chief executives and investors have been bombarded by a wave of bad economic news over the past few days, including a report that U.S. gross domestic product grew at a weaker than expected rate in the first half of the year and word on Wednesday that the rate of layoffs had picked up in July.

We are looking at slower growth, said David Farr, CEO of U.S. manufacturer Emerson Electric Co, which recently warned that its order rates slowed in the past two months. I can not tell you right now what the second half will be, I can not tell you what 2012s going to be, so do not bother to ask.

Still, that uncertainty is not stopping the blunt-talking executive from acting. He is already looking for ways to limit the St. Louis-based companys spending, rather than planning to boost its budget by 5 percent next year, Farr now aims to increase outlays by just 3 to 4 percent.

He is not the only one sounding a cautious tone.

Sergio Marchionne, CEO of Chrysler and Fiat SpA, said the uncertain recovery in consumer demand for cars, also cited by General Motors Company, is making automakers wary.

People are still very reluctant to make long-term commitments to Research and Development and capital because of the uncertainty, he told reporters at an industry conference on Wednesday.

Corporate spending is no better. Earlier this week SPX Corp, a maker of industrial components, surprised investors with a far weaker than expected third-quarter profit forecast, saying it was counting on a robust fourth quarter to hit its full-year target. That followed word last week from Juniper Networks Inc that the private sector and U.S. government are delaying purchases of network equipment.

RESURGENCE AT RISK?

The nervousness could dampen what had been a recent resurgence in corporate investment. Companies boosted their capital spending by about 21 percent in the first quarter and kept up a similar pace in the second quarter, putting them on a track for their biggest-spending year since 2006, according to a Reuters study of 3,153 U.S. companies.

That growth, however, lags the increase in money spent on stock buybacks and takeovers, which both rose more than 60 percent in the first half of 2011.

Engineering company Foster Wheeler AG also said its U.S. clients are holding off on committing to big construction projects, over worries about the economy.

The delays are due to client concerns about the macro environment, specifically the political and economic uncertainties, said interim CEO Umberto della Sala.

The 2.1 trillion dollars deficit-reduction plan reached in Washington this week spared the United States from defaulting on its 14.3 trillion dollars debt, but raised questions on what spending would be cut, which in turn weighed on shares of companies that do everything from running nursing homes to building fighter planes.

Where is the growth going to come from? said Michael Goodman, director of economic and public policy research at the University of Massachusetts at Dartmouth. It is not going to come from the private side and it does not appear like it is going to come from the public side. That does appear like a recipe for sluggish growth at best.

Sluggish growth is just what the United States has seen this year, with GDP up 0.4 percent in the first quarter and 1.3 percent in the second.

SHIFTING SPENDING ABROAD

Even companies that are spending are not necessarily making their investments in the United States.

Our capex is increasingly shifting toward international markets and fast-growing developing economies in particular, said David Meline, chief financial officer at 3M Co.

The company expects its total capital spending to rise this year by about 27 percent, to a range of 1.3 billion dollars to 1.5 billion dollars, and plans to continue to raise that budget next year, in line with revenue growth.

Corporate caution will only represent a further weight on the economy, which has seen consumer spending depressed by a stubbornly high unemployment rate that has held near or above 9 percent for most of the past two years.

Companies have become increasingly unwilling to part with their cash over the past year, building up 1.9 trillion dollars in cash and short-term instruments at the end of the first quarter, according to Federal Reserve data.

You will see firms hanging on to their cash even more than they already are, said Lee Pinkowitz, associate professor of finance in Georgetown Universitys McDonough School of Business. Companies may start rushing to issue debt, to lock in, not because they have projects but because they are going to hold that cash.

The new caution raises worry in some economists minds that the United States could slip back into recession.

"I am not sure we are going to head back down into recession, but I would say the probability is higher now than it was a few months back, said Robert Murphy, a professor of economics at Boston College, who served as a White House adviser on the economy during the Clinton administration.

If the nation does slip back into recession, it could be some time before investors know, Murphy said. The United States was a full year into the last recession, which ran from December 2007 through June 2009, before the National Bureau of Economic Research officially declared its beginning.

The good news for the president is we probably will not know until after the election, the way these things often get called, Murphy said.
(Reporting by Scott Malone and Mike Tarsala, additional reporting by Deepa Seetharaman in Traverse City, Mich., Nick Zieminski in New York, Braden Reddall in San Francisco and Manik Narula in Bangalore, editing by Matthew Lewis)

Working at Home to Take Advantage of Your Alternative and a Great Choice. Work at Home.
Be proactive on your financial future, especially in times of economic uncertainity. There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

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Heading For a Double-Dip Recession?
Original article at Real Clear Markets
By Investors Business Daily
August 3, 2011

Recession. A day after purchasing managers reported an unexpected slump in manufacturing, another surprise report shows consumer spending falling for the first time in nearly two years. Double dip, anyone?

Despite the largest Keynesian spending splurge in the history of the planet, the economy continues to founder.

The last two years stimulus, meant to get consumers and businesses humming again, was in excess of 10 percent of GDP, an unheard of economic intervention, exceeding even FDRs during the Depression.

Tragically, the result has been the same, failure. Indeed, if anything, trillions of dollars of federal stimulus seems to have damaged hopes for a rebound.

With joblessness at 9.2 percent, the manufacturing sector showing signs of decline and consumers on the ropes, it is time to consider that we might be lapsing into recession again, a little over two years after we emerged from the last one.

Just weeks ago, many economists were convinced the second half of 2011 would be bullishly strong, with higher auto output, a bottoming in home sales and prices, and perhaps even a modest pickup in jobs. Today that scenario does not look so likely.

Just last week the Commerce Department reported that GDP in the first half posted a less than 1 percent growth rate, really a rounding error from zero. Worse, revisions showed the decline during the first recession was far deeper than thought, 5.1 percent rather than the 4.1 percent first reported. So current weakness looks even worse.

Now comes more bad news. On Tuesday the government reported consumer spending slowed 0.2 percent in June, at a time in our two-year-old recovery when it should be growing strongly. Adjusting for inflation, spending was flat, after falling two months in a row.

On net, then, it appears consumer spending was in the red in the second quarter. There is a powerful correlation between economic growth and consumer spending, so this is the strongest sign yet we are heading back into recession.

Those hoping the new debt-ceiling deal will help are kidding themselves. We will still add 7 trillion dollars or more to our national debt over the next 10 years, an amount that will be a drag on the economy for decades to come.

Virtually all economists now agree. Business investment and job creation hold the key to a sound, rapidly growing economy. But businesses have been vocal about what they see as the problem, uncertainty.

They do not know if U.S. government debt will be downgraded from AAA, setting off a spike in rates across the economy. They do not know what their tax rates will be next year. They see hundreds if not thousands of new regulations coming down the pipeline. And they hear politicians on the left, from Obama to Reid and Pelosi, routinely demonizing them.

Who invests and creates jobs in such an environment?

If the economy stumbles and falls, it is the Democrats recession. After three years, their policies have met with nothing but failure, a fact that report after economic report now seems to bear out.

Working at Home to Take Advantage of Your Alternative and a Great Choice. Work at Home.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Developing People, Your Most Appreciable Asset in a Work at Home Business -- Part 3.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, August 4, 2011

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

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Long Battle on Debt Ending as Senate Set for Final Vote
Origingal article at The New York Times

WASHINGTON. After months of partisan impasse, the House on Monday approved a budget agreement intended to head off a potential government default, pushing Congress a big step closer to the conclusion of a bitter fight that has left both parties bruised and exhausted.

Despite the tension and uncertainty that has surrounded efforts to raise the debt ceiling, the vote of 269 to 161 was relatively strong in support of the plan, which would cut more than 2.1 trillion dollars in government spending over 10 years while extending the borrowing authority of the Treasury Department. It would also create a powerful new joint Congressional committee to recommend broad changes in spending, and possibly in tax policy, to reduce the deficit.

Scores of Democrats initially held back from voting, to force Republicans to register their positions first. Then, as the time for voting wound down, Representative Gabrielle Giffords, Democrat of Arizona, returned to the floor for the first time since being shot in January and voted for the bill to jubilant applause and embraces from her colleagues. It provided an unexpected, unifying ending to a fierce standoff in the House.

The Senate, where approval is considered likely, is scheduled to vote at noon on Tuesday and then send the measure to Mr. Obama less than 12 hours before the time when the Treasury Department has said it could become unable to meet all of its financial obligations.

The deal sets in motion a substantial shift in fiscal policy at a moment when the economic recovery appears especially fragile. Although the actual spending cuts in the next year or two would be relatively modest in the context of a 3.7 trillion dollars federal budget, they would represent the beginning of a new era of restraint at a time when unemployment remains above 9 percent, growth is slowing and there are few good policy options for giving the economy a stimulative kick.

The precise impact on the economy is a matter of debate. Proponents of spending restraint say that the economy will benefit in the long run from getting the deficit and the accumulated national debt under control, and that failure to act now would risk long-term decline in the nations economic might. Others say that by foreclosing the option of using government spending to counteract economic weakness, the country is increasing the risk of persistently high unemployment and even another recession.

The negotiations exposed deep fissures within both parties. In the end, 174 Republicans and 95 Democrats backed the deal, and 66 Republicans and 95 Democrats voted against it. But Republicans and Democrats alike made clear they were not happy swallowing the agreement, which was struck late Sunday between the bipartisan leadership of Congress and President Obama.

Top lawmakers characterized the bill as a must-pass measure needed to prevent a potentially crippling blow to the struggling economy.

The default of the United States is not an option, said Representative Steny H. Hoyer of Maryland, the number 2 Democrat.

Mr. Hoyer urged lawmakers to vote not as members of either party, but as Americans concerned about the fiscal posture of their country, about the confidence that people around the world have in the American dollar.

Republicans, while expressing dissatisfaction that the measure did not provide more savings, said it was a modest but useful first step in reversing the governments spending course and claimed they had prevailed by keeping the agreement free of new revenue and offsetting the increase in the debt limit with spending cuts.

I would like to say this bill solves our problems, said Representative Jeb Hensarling of Texas, a prominent fiscal hawk in the Republican leadership. It does not. It is a solid first step.

Worried about defections by conservatives and liberals alike, leaders of both parties gathered their members for briefings to explain the proposal. Speaker John A. Boehner met specially with Republicans on the House Armed Services Committee, an important voting bloc whose members were raising alarms about potential spending cuts for the Pentagon.

Democrats, many disgruntled over what they saw as a White House-negotiated giveaway to Republicans, heard from Vice President Joseph R. Biden Jr., who told House and Senate members in separate meetings that the administration had to cut the deal with uncompromising Republicans to avoid a default.

Mr. Biden spent hours behind closed doors in the Capitol. According to participants in the meetings, he mixed listening and gentle persuasion, urging Democrats to back the plan.

Administration officials fanned out to make a case that the deals structure, with a trigger that could force deep cuts in military spending as well as in domestic programs if the two parties cannot agree on how to reduce the deficit further, provided Democrats with more leverage to push for higher tax revenue as part of the solution rather than relying totally on spending cuts.

But many Democrats said they saw it as a deal negotiated on the backs of poor and working-class Americans, with no sacrifice by the rich in the form of tax increases.

I would not call it anger, but we are perplexed that it has turned out like it has, said Representative G. K. Butterfield, Democrat of North Carolina, grimacing as he left the Biden meeting. But we have run out of options and we know the consequences. I have heard horror stories from the Great Depression. I do not want my fingerprints on that.

In the Senate, some Democrats attacked the plan and joined their House colleagues in complaining that the White House had bent to the will of an ideologically rigid majority in the House.

This is capitulation to a radical fringe of the Republican Party that will not bend until they break this economy or get their own way, said Senator Robert Menendez, Democrat of New Jersey. This deal is not fair, and I will not support it.

Senator Harry Reid, the majority leader, acknowledged the unrest as the Senate prepared to follow the House in voting.

Neither side got what they wanted, but it is the essence of compromise, said Mr. Reid, who said most senators realize the situation we are in and the alternative.

House and Senate Republicans, too, raised objections, saying the proposal fell short of what was needed and invested too much power in a new special joint committee that would be charged with finding 1.5 trillion dollars or more in future cuts by Thanksgiving after a first round of 1 trillion dollars called for in the legislation.

This agreement falls short of addressing our historic economic challenges and does not alleviate the threat of a crippling downgrade in Americas credit rating, said Representative Steve Southerland, a freshman Republican from Florida.

But Mr. Boehner, who negotiated the deal with the White House along with Senator Mitch McConnell, the minority leader, received two standing ovations in the private party meeting, and the House Republicans rallied around him in the final vote that he said represented a culture change in the nations capital.

We are cutting spending, Mr. Boehner told reporters. We are spending less money next year in discretionary spending than we spent last year. You have not heard that kind of a statement before around this town.

Several senators said they were struggling with what they would do, but suggested that if it became a matter of their yes vote or default, they would back the measure.

Senator Joseph I. Lieberman, an independent from Connecticut, said that because Republicans would not budge on new revenue and Democrats sought to protect entitlement programs, federal agencies would bear the brunt of the Congressional drive for deficit reduction.

They are getting whacked, Mr. Lieberman said.

He said he remained worried about the impact on the military if the new committee failed to produce deficit-reduction legislation later this year, triggering an across-the-board slice of more than 1 trillion dollars. Half of those savings would come from security-related spending.

Despite such misgivings, members of both parties welcomed the end of the debt-limit clash after months of intrigue, partisan rancor and stop-and-go negotiations that ultimately left Congress voting just hours before a deadline to avoid default.

On to the next fight, said Senator John Cornyn, Republican of Texas.

Lawmakers and aides were already speculating about who might be picked or passed over for the 12-member Joint Select Committee on Deficit Reduction and were arguing over whether the panel truly had the ability to seek new tax revenue.

But given the energy that had been expended in the fight, most members of Congress simply seemed ready to head home for the summer. The House dispatched lawmakers until September 7. Senators were eager to follow.

I have a home in Nevada that I have not seen in months, Mr. Reid said wistfully on the floor. My pomegranate trees are, I’m told, blossoming.
Jeff Zeleny and Jennifer Steinhauer contributed reporting.

Working at Home to Take Advantage of Your Alternative and a Great Choice. Work at Home.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

How to Cut Taxes, Boost Revenue
Original article at Real Clear Markets
By Diana Furchtgott-Roth
July 28, 2011

WASHINGTON. A resolution of the debt ceiling stalemate may be in sight. On Wednesday, the Congressional Budget Office announced that House Speaker John Boehners Budget Control Act, as amended, would reduce the budget deficit by 915 billion dollars over the next decade. This opens the way for the bill to be considered on the House floor today, Thursday. A version approved by the Democratic and Republican leadership could go to the Senate over the weekend and to President Obama early next week.

At the heart of the painful negotiations over deficit reduction has been the tension between eliminating tax expenditures, namely tax breaks for individuals and businesses, and cutting tax rates. That, in turn, is an argument over raising revenue, an argument between conservatives, mostly Republicans, and liberals, mostly Democrats, about whether raising new revenue is a desirable way, combined with spending cuts, to shrink future deficits. And that is an argument about the size of government, which, generally speaking, Republicans want to reduce more than do Democrats.

Tax expenditures are the money saved by taxpayers when they avail themselves of provisions in the tax code, such as deductions for mortgage interest, state and local income and property taxes, charitable contributions, large medical expenses, casualty losses and contributions to tax-favored education and retirement accounts. Tax credits, dollar-for-dollar reductions in taxes owed, for example for electric cars or solar energy, are another form of tax expenditure.

For business, tax expenditures include accelerated depreciation schedules for machinery, expensing for business equipment, rapid write-offs for solar and wind power.

Tax expenditures exceeded 1 trillion dollars in the governments 2010 fiscal year, which ended September 30. Some say that curtailing tax expenditures is the same as cutting spending, and that there is not much difference between getting rid of one or another. Others disagree.

Democrats tend to say that getting rid of tax breaks should not be counted as raising taxes. Republicans take the view that any limitation on tax breaks should be paired with offsetting declines in tax rates, so as to keep revenue collections by Uncle Sam unchanged, at least in the early years. Eventually, if history is a guide, a more efficient tax system will bring in more revenue to the Treasury, as lower rates foster economic activity.

Advocates of curtailing or eliminating tax expenditures say that they are not raising taxes, because the tax rates remain the same, or fall. In my opinion, this is disingenuous if the result is that revenue collections rise. Legislated increases in revenues, whether from higher rates or reduced tax expenditures, discourage economic growth. With lower rates, economic recovery and higher employment eventually would raise the ratio of revenue to gross national product, reducing the deficit.

Consider the recommendation of Martin Feldstein, the distinguished Harvard economist and president emeritus of the National Bureau of Economic Research. Mr. Feldstein has suggested capping the benefits that taxpayers receive from tax expenditures at a particular level, perhaps two percent of adjusted gross income. Mr. Feldstein has written that limiting tax expenditures would reduce the deficit by hundreds of billions of dollars annually without raising tax rates, and so would not affect the incentive to work, to save or to expand businesses.

Mr. Feldstein says that the government can raise revenues by trillions of dollars without affecting incentives to work or invest. This makes no sense to me. In my view, the heart of the matter is this, if the government takes in more revenue, that is less for the private sector. And it is the private sector that drives economic growth.

Support for lowering rates in tandem with curtailing tax expenditures comes from many sources, including one version of the Boehner plan under discussion last week.

The Committee for a Responsible Federal Budget, a bipartisan group that includes all former Congressional Budget Office directors, said that tax expenditures are more similar to spending than tax cuts, etc. Reducing these tax earmarks is a critical first step in fundamental tax reform since it would broaden the base and permit lower rates.

But make no mistake. Tax expenditures and government spending are different. With tax expenditures, individuals keep and control more of their money, and most Americans believe that they can make better use of it than does the government. Economists spill much ink discussing dead-weight loss, the loss of utility of a dollar transferred from taxpayers pockets to the Treasury.

Rather than increase tax revenues, Congress should cut spending more deeply. Eliminate proposed high-speed rail, raise gradually the Social Security retirement age and eligibility age for Medicare, repeal the new health care law, leave the slots of retiring federal workers unfilled, expand competitive bidding to all Defense Department contracts.

Higher tax bills, whether they result from curtailing tax expenditures or from higher rates, may mean that a family that can just afford to meet expenses today may not be able to afford them tomorrow. That would be bad news for the tens of millions of Americans who are struggling to work their way out of the recession.

The stakes are high, and Congress needs within days to send Mr. Obama a bill that cuts spending, shrinks further deficits, and raises the debt ceiling.

In this process, cuts in tax expenditures, both individual and corporate, need to be balanced with lower rates so that tax reform is initially revenue neutral and not a tax increase in disguise. Then a more efficient tax system will eventually generate higher tax revenues, a lower deficit, and stronger economic growth, our ultimate goal.
Diana Furchtgott-Roth is a contributing editor of RealClearMarkets, an adjunct fellow at the Manhattan Institute, and a columnist for the Examiner.

Take Advantage of Your Alternative and a Great Choice. Work at Home.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Heading off a Securities Market Panic
Original article at Real Clear Markets
By Peter Morici
July 25, 2011

As Congressional negotiators and the President struggle to obtain a deal to raise the federal debt ceiling, securities markets may soon panic at the prospect of those negotiations failing.

Be clear, the United States does not have to default on its bonds. After August 2, it still will collect taxes and other revenues exceeding 180 billion dollars per month, and interest payments on the national debt eat up less than 30 billion dollars. If the Treasury prioritizes expenditures, as the state of Minnesota did during its recent shutdown, it could pay interest on bonds, roll over bonds coming due, and pay Social Security recipients and many other obligations, but it would be late to many vendors until the debt ceiling was raised or new sources of cash were found.

The United States would not be insolvent but rather in a political crisis.

If Greece or another troubled Euro Zone nations is late paying creditors, be they bondholders or vendors, investors are justified to believe it will not be able to make good on all its debts without a restructuring, a partial default. The United States, absolutely and without doubt, has the economic resources to pay its debts once the political crisis is resolved, especially since this crisis is precipitated by an elected majority in the House of Representatives, the political body designated by the Constitution to initiate taxing decisions-seeking to improve the integrity of federal finances.

The Republicans are holding out for a trajectory of future budget deficits that makes the United States more not less able to pay its debts. The impasse can only be broken by a deal that improves the fiscal outlook of the United States.

With or without the help of Standard and Poors and other bond rating agencies downgrading U.S. bonds for actual or prospective late payment to some federal contractors stock and bond markets may panic.

Policymakers need not worry too much about equity markets, those dive and rebound on the hiccups of computer traders and will recover once the bond market stabilizes.

Of greatest concern, on or before August 2, SWAP rates on U.S. bonds may start rising precipitously and bond holders may start dumping bonds, lowering their market value and raising their yields and market interest rates. That would raise the cost of capital throughout the global economy, because so many rates around the world move up and down with Treasury yields.

Enter Fireman Bernanke.

As the Fed did during QE2, the Fed can buy up U.S. Treasuries to push interest rates lower, but do not be afraid of inflation for the moment. Investors that trade bonds for cash will likely hold that cash as they did the bonds or dump it into stocks.

Consider money market and other investment funds, foreign central banks, and traders that use bonds to post collateral in SWAPS contracts in commodity trades. Instead of holding portraits of George Washington that pay interest, they will hold a likeness of the founding father that does not pay interest.

Investors could use those dollars to purchase stocks but that would be a positive, because rising stock prices would dampen the herd instinct to panic, essentially help restore normalcy to equity markets.

Other bond investments are not attractive or available in sufficient quantity. Euro denominated sovereign debt issued by AAA rated France and Germany are burdened by continuing fears about their banks vulnerability to real and potential defaults of Greece, Ireland, Portugal and Spain. Canadian, UK and Japanese bonds simply are not available in sufficient quantities to substitute for the dollar-denominated securities.

Essentially QE3 could materialize and save the day-that is the most sensible short-term strategy for Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner.

Greenbacks held by investors simply do not fuel inflation the way the Treasury printing money to pay the governments bills could. Money printed and sold to investors for bonds does not get spent at Wal-Mart or the Exxon station and drive up prices.

The Treasury could print money to pay bills and fully finance the government with the potential to drive up consumer prices. Even that could be benign, and if handled properly, be the most sensible strategy if the impasse lasts more than a week or so beyond August 2.

Simply, during QE3, the Fed purchased bonds equal to more than 80 percent of the new bonds sold by the Treasury, it essentially monetarized the new debt from November 2010 through June.

The Treasury printed bonds and the Fed printed money to purchase that debt, and it now holds 1.6 trillion dollars in Treasury securities. Those already count against the debt ceiling and could be sold to the public without violating the statutory cap.

Now, the Treasury could print money to pay its bills, and the Fed could soak up the excess liquidity by selling its Treasury holdings. Between the Feds holdings of Treasurys, and Fannie Mae and Freddie Mac bonds and other securities held by the Fed. This drill could keep the government going and all creditors paid for another 18 months.

In the end, the Federal Reserve and Treasury have potent options at their disposal to head off an immediate bond rout and keep the government going until Republicans and Democrats agree on a combination of tax and spending reforms to strengthen federal finances.
Peter Morici is a professor at the University of Maryland School of Business and former Chief Economist at the U.S. International Trade Commission.

Protect Yourself with Another Alternative and a Better Choice. Work at Home.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Louisiana Monks Strike a Blow Against Economic Idiocy
Real Clear Markets
By Bill Frezza
July 25, 2011

You might think that discouraging innovation, stomping on competition, reducing consumer choice, and strangling economic growth is the last thing a state government would want to do in these challenging times. But perhaps you have not been to Louisiana.

What is even more fascinating, it took a bunch of communal Benedictine monks to drag the state into U.S. District Court to make lawmakers say Uncle. To top it off, in order to prevail these monks had to defeat the pernicious rational basis test, a New-Deal inspired get-out-of-jail-free card that deems a law constitutional regardless of what fundamental rights it tramples as long as the government can concoct nearly any conceivable justification.

The fact that they could not says there may be hope for this country yet.

The trouble all started, as it did for much of Louisiana, when Hurricane Katrina blew through. Until then the monks of Saint Joseph Abbey supported themselves harvesting lumber from abbey lands. Applying some old fashioned Yankee ingenuity along with a couple of hundred thousand dollars in risk capital they built a professional woodworking shop and started turning those downed trees into simple caskets. Next thing you know they were being threatened with jail time.

Anyone that has ever shopped for a casket in the midst of grieving for a loved one knows how horrific the process is. There stands the dour undertaker displaying his 8,000 dollar pieces of exotic furniture, many marked up four times wholesale. Behind the undertaker stands an industry cartel supported by a State Board of Embalmers and Funeral Directors dominated by owners and executives of said funeral homes whose mission is to protect those margins. And behind this board stands a law originally passed to prevent the spread of contagious diseases that has metastasized into a regulatory monstrosity requiring a year of embalming apprenticeship, a layout parlor that can seat 30 people, a display room for half a dozen caskets, and a host of embalming equipment as a precondition to being allowed to sell caskets.

Our national economy may be going down the tubes but metastatic regulations springing from well-intentioned laws captured by industry insiders remains the most recession proof growth market. The rational basis test is its engine and campaign donations funneled back to legislators through lobbyist working at behest of crony cartels is the fuel. President Obamas recent directive to root out regulations that conflict, are not worth the cost, or that are just plain dumb, has done absolutely nothing to disturb this iron triangle. Give the man credit, though, like most of his predecessors he has mastered the art of doing nothing while sounding presidential.

Turning this dystopia around is where the Institute for Justice comes in.

This highly effective alternative to the left-leaning American Civil Liberties Union should really be called the Institute for Economic Sanity[sic]. Its mission is to find mediagenic plaintiffs like our humble monks whose right to make a living are being threatened by insane regulations. IJ lawyers them up with a combination of the best legal minds in the business, a brash young staff of committed ideologues, and a war chest funded by donors trying to rescue what is left of free enterprise. If they have to, they march right on to the Supreme Court, which is where this casket case may end up.

We can only hope that Louisiana is stupid enough to appeal. Let us also hope Louisiana sticks with its efforts to defend the law based on the argument that protecting a discrete interest group from economic competition constitutes a sufficient legitimate government purpose. If there has ever been a more bald-faced argument in support of crony capitalism, I have not heard it.

FDR planted the seeds for this theory of government over half a century ago, creating a bipartisan machine that sells access to the expanding powers of government as it hunts for new portions of the economy to shake down. The regulatory weeds that sprouted now clog every channel of commerce in the land, not just destroying jobs while discouraging innovation but burdening all of us with higher prices and dead-weight compliance costs. Wily corporations that can afford to play the game treat this as the cost of keeping competitors out of their business.

Burying the funeral cartel may seem like a modest place to start. But just as it took fifty years to construct such a massive edifice of overweening regulations it may take that long to wear it down. One casket at a time.
Bill Frezza is a Boston-based writer and venture capitalist. He can be reached at bill@vereverus.com. If you would like to subscribe to his weekly column, drop a note to publisher@vereverus.com or follow him on Twitter @BillFrezza.

Keep the Work at Home Mentality Alive.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Developing People, Your Most Appreciable Asset in a Work at Home Business -- Part 2.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, July 28, 2011

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

Work at Home

Fear of the New Holds Back Recovery
Real Clear Markets
By Robert Samuelson
July 25, 2011

We are witnessing the crisis of the old order. The phrase, coined by the late historian Arthur Schlesinger Jr. to describe the failure of unfettered capitalism in the late 1920s, also applies to the present, despite different circumstances. Everywhere, advanced nations face similar problems, overcommitted welfare states, aging populations, flagging economic expansion. These conditions define the global crisis and explain why it struck the United States, Europe and Japan simultaneously. We need to move beyond daily partisan fireworks to see this larger predicament.

The old order, constructed by most democracies after World War II, rested on three pillars. One was the welfare state. Government would protect the unemployed, aged, disabled and poor. Capitalism would be tamed. A second was faith in economic growth. This would raise everyones living standards while permitting income redistribution. Growth was ordained, because economists had learned enough from the 1930s to cure periodic recessions. Finally, global trade and finance served countries mutual interests.

All three pillars are now wobbling. To be sure, the financial crisis worsened matters, and each countrys situation is different. Americas welfare state is less generous than Germanys. Greeces crisis began because it had vastly underreported its budget deficit. Irelands stemmed from a burst housing bubble that led to a costly bank bailout. But these differences obscure large similarities.

Start with the welfare state. A blessing to many, it is also a common burden. Its expansion was huge. In 1950, government spending as a share of a nations economy, gross domestic product, was 28 percent in France, 30 percent in Germany and 21 percent in the United States. By 1999, figures were 52 percent of GDP in France, 48 percent in Germany and 30 percent in the United States, according to figures compiled by the late economics historian Angus Maddison. Aging societies would boost future costs for pensions, social security and health care. From 2008 to 2050, the 65-plus population is projected to rise 40 percent in Germany, 77 percent in France and 121 percent in the United States.

Given this outlook, even countries without immediate crises are embracing austerity measures. All face a ruinous choice, the higher taxes or deficits needed to finance more welfare spending might further damage the economy, but cutting benefits stirs popular backlash. Still, benefits are now vulnerable. Ireland cut benefits for the unemployed by about 10 percent, reduced child payments by 16 percent and, beginning in 2014, will gradually raise the retirement age from 65 to 68.

On paper, faster economic growth could rescue governments from this trap. Unfortunately, this seems like a mirage. Indeed, the old orders second prop, faith in routine economic expansion, is suspect. Economists exaggerated their understanding and control. They seem to have exhausted conventional policy approaches. Central banks such as the Federal Reserve have held interest rates low. Budget deficits are high.

Some American economists argue the United States should temporarily run even bigger deficits. Perhaps that would work, but Europes experience counsels otherwise. Big deficits there led to higher interest rates, reflecting investors greater fears of default. Default anxieties in turn weaken banks, large holders of government bonds, and, through them, the broader economy. Although the United States has not yet suffered this fate, it might, especially considering warnings from Moodys and Standard & Poors that exploding federal debt could cause rating downgrades.

Austerity practiced by one or two overcommitted nations may succeed. Their economies can grow by increasing exports to replace lost domestic spending. But prolonged austerity practiced by most advanced countries could be a huge drag on the world economy. To whom can they export? The obvious answer is China and other emerging markets. But China frustrates this possibility by maintaining an artificially low currency that subsidizes its exports and sustains large trade surpluses. China sees trade as a jobs creator. It shuns the notion of trading for mutual advantage, the old orders third pillar. The political foundation of the global trading system is at risk.

We have left our collective comfort zone. Ideas and institutions that, on the whole, served well since World War II are under a cloud. The same was true in the 1920s and early 1930s. Then, the worlds leading nations vainly struggled to maintain the gold standard, which, before World War I, had anchored a prosperous economic order. There was a natural impulse to cling to familiar ideas and practices in which people were invested politically and intellectually. This inertia contributed to the Great Depressions severity.

Amid todays unrelenting political uproar, something similar is happening. Economic weakness in advanced countries stems partly from the residual trauma on consumers and companies following the ferocious 2008-09 financial crisis. But the effect is complicated by a backward-looking mentality. Governments everywhere are striving to protect the old order because they do not understand and fear the new.

Another Alternative and a Better Choice. Work at Home.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

In Deficit Debate, Principles Do Matter Original article at Real Clear Markets By Investors Business Daily July 22, 2011

First Things. Plans to solve our out-of-control debt problem keep proliferating. But amid the welter of competing forecasts and estimates, Republicans should remember, your principles matter more than the numbers.

As the clock ticks down on their phony deadline for concluding deficit talks, the Democrats have lost all the public debates over more spending and higher taxes.

So their only hope is to manufacture a fake crisis, such as the supposed default date of Aug. 2, and with the medias help, force Republicans to agree to a bad deal.

It would not be the first time.

In 1990, President Bush engaged in crisis talks over deficits. He broke his no-new taxes pledge, agreeing to a deal that included 2 dollars in spending cuts for every 1 dollar in tax hikes. Bush lost his job, and it took three years and a new Congress to undo the economic damage.

Today, in the meat grinder that is Washington politics, pressure will inevitably grow for a fair and balanced deal, that is, for the GOP to capitulate. Republicans should stay true to these conservative principles

No new taxes. The economys expansion and jobs recovery is the worst since the Depression. More than two years after the recessions end, we still have 9.2 percent unemployment, and close to 30 million willing workers who can not find full-time jobs.

As such, hiking taxes by 1 trillion dollars to more than 3 trillion dollars over the next 10 years, as Obama has suggested, is unconscionable. It would do lasting damage to our economy and perhaps even cause a new recession.

Government must get smaller. President Obama and the Democrat-led Congress have expanded the scope and reach of the federal government to unprecedented levels, thanks to, ObamaCare, Dodd-Frank, stimulus, government takeovers of GM and Chrysler, a no-drill, green energy policy, and TARP.

Democrats now want to make this expanded superstate permanent, turning the U.S. into another debt-ridden, stagnant colossus, like Europe or Japan. From 20 percent of GDP just five years ago, the federal government today spends 25 percent of all U.S. output. By 2035, without entitlement reform, it will hit 35 percent or higher.

Enough. Big Government should not take 1 dollar or more out of every 4 dollars the private economy creates. Any deal to raise the 14.3 trillion dollar debt ceiling must shrink government below its long-term average of 20 percent of GDP.

The debt must shrink. That it has spiked from 9.8 trillion dollars in 2008 to 14.3 trillion dollars now is alarming. A 2010 study of 20 rich countries by economists Carmen Reinhart and Ken Rogoff found that a nation starts to struggle when its debt-to-GDP ratio rises above 90. Ours is now above 100 percent, putting us in the same company as Greece, Italy, Ireland, Spain and Portugal.

GOP negotiators should keep these basic budget principles in mind If not, they all find, as Bush did, that American voters have long, unforgiving memories.

Another Alternative and a Better Choice. Work at Home.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

There Is No Such Thing as a Risk-Free Lunch
Original article at Real Clear Markets
By Robert Tracinski
July 22, 2011

In times of global turbulence, like today, investors flee to safety, looking for risk-free assets in which to park their money. That usually means US government debt or the bonds of large, developed European nations. The AAA rating of this debt is supposed to reflect its status as a risk-free asset. In fact, our whole banking system is based on holding this kind of AAA debt as reserves, as the risk-free bedrock that supports the ability of banks and investors to lend.

But with the US flirting with default and Europe struggling to keep its monetary union from blowing up, investors are beginning to wonder. Where do they turn to find a risk-free asset now?

We may be about to pay a big price for indulging in the illusion that government debt is risk-free. Remember the old free-marketers slogan about how there is no such thing as a free lunch. When the government gives you anything, somebody always has to pay for it, somehow. Usually, we all end up paying in the end.

The same thing applies to AAA debt. There is no such thing as a risk-free lunch. There are growing signs that Western governments have abused their power to issue AAA debt. The illusion of a risk-free haven is about to come crashing down, and we will all pay for it.

Recently, Daniel Indiviglio pointed out the vast expansion of AAA debt in recent years.

If demand for an asset ballooned by 300 percent in a decade, then you might smell a bubble. This describes the rise of AAA-rated debt. In 1999, about 1.5 trillion dollars AAA-rated securities were issued globally. In 2009, AAA-rated issuance peaked at over 6 trillion dollars. Are we in bubble territory?

In fact, we have already had one AAA debt bubble. Fannie Mae and Freddie Mac, the big government-sponsored mortgage lenders, used their implicit government guarantee to ride off of the federal governments AAA rating and flood the housing industry with cheap, risk-free money. And we all know how that ended.

The big picture is that our political leaders found themselves with the ability to raise large sums of money at minimal interest rates by relying on Americas AAA status. So they abused this power, using it to raise unlimited funds for any and every goal they thought was desirable. Want to encourage homeownership? Create a whole lot of AAA mortgage debt. Want to engage in pork-barrel stimulus spending? Want to bail out big auto companies? Want to prop up spendthrift state governments and public employees' unions? Create a whole lot more AAA debt.

This has been the whole policy of the Obama administration and congressional Democrats. Their agenda depends on the assumption that they can just float the whole thing on a bottomless sea of AAA debt.

The Europeans did the same thing, and the eurozone will likely go down in economic history as a giant mechanism for exploiting the AAA rating of the big Western European economies, read Germany, in order to float the generous welfare states of Southern Europe.

The premise propping up all of this AAA debt is that the US and the other big Western governments will always be good for their debt because they have the power to tax. Here is where the markets have accepted the basic premise that leads to the abuse of AAA debt in the first place, the view that force and coercion are practical, that the government can just wave its guns around and get whatever it wants. Want to provide affordable health care to everyone? Just pass a law. Want to bail out collapsing financial institutions? Just have the Fed print a lot of money. Want to service a rapidly growing debt? Just raise taxes. Have gun, will borrow.

But a gun is not a magic wand that produces wealth. Quite the opposite, the more force a government uses, the less wealth there is to seize. Greece is the end of that line. They have reached the point where they can not tax their way out of debt.

And Greece offers a warning about how excessive debt can spiral out of control. What is sinking Greece and the other PIIGS is not just the problem of servicing their existing debt. It is the prospect of having to roll over that debt at much higher interest rates. Bonds issued at artificially low interest rates a few years ago start coming due, and since there is not enough cash to pay them down, they have to be refinanced at interest rates which, for Greece, are now in excess of 30 percent, and that is on short-term debt.

This crisis is already hitting Europe, yet we are not even thinking about it here. For America, the immediate prospect is not that interest rates on our debt will rise to 30 percent, but that they could rise to 5 percent. Currently, the federal government makes annual interest payments of about 200 billion dollars on a total debt held by the public of about 9.5 trillion dollars. The other 4.5 trillion dollars in debt is money the federal government owes to itself, by way of such financial fictions as the Social Security Trust Fund. That is an average interest rate of about 2 percent. A return to historically normal rates of interest would produce a dramatic increase in the cost of all of the new borrowing we are doing and all of the debt that we have to roll over.

The danger, as one observer puts it, is that we will face a sudden and massive re-pricing of Western sovereign risk. In other words, we will finally have to pay for our risk-free lunch. The only question is why this has not happened yet. The usual speculation is that US rates persist at low levels because investors looking for a safe place to put their money have nowhere else to go. But a lot of people are already figuring out that the developing world currently has more vibrant economies and lower debt ratios.

The US is still a long way from becoming Greece, but avoiding the risk of a debt spiral will require a swift reversal of course and the realization that Americas AAA rating actually needs to be maintained through cautious fiscal management. We need to end our dependency on growing and unlimited quantities of AAA debt.

Or at least we need the president to stand up and admit, My name is Barack Obama, and I am a AAA debt abuser. The first step is realizing that we have a problem.
Robert Tracinski writes daily commentary at TIADaily.com.

Another Alternative and a Better Choice. Work at Home.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

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U Make Money Online 2
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The Recovery Awaits On the Other Side of Price Discovery
Real Clear Markets
By Jeffrey Snider
July 22, 2011

The widespread confusion and angst emanating from the economics profession comes from a single calculation. At the core of monetary targeting is the mathematical expression of a systemic target. Called the output gap, economists seek to identify economic potential in order to measure and gauge actual output. In so doing, they believe they will identify periods when stimulative or restrictive measures are most appropriate.

It might even be an understatement to call the output gap estimate the heart of monetary science. No policy is designed, let alone implemented, without its guidance. The weighty decisions over interest rate regimes and credit conditions are carried out in direct harmony with this approximation.

In 2004, the Federal Reserve finally reversed its stimulative interest structure after more than two years of then-record low rates. The timing of the movement was keyed around the Feds estimate that actual economic output was closing the gap with its models estimates of long-term potential, belatedly recovering ground the central bank thought lost in the aftermath of the stock collapse. Monetarists, with good empirical reason, believe that stimulative credit conditions applied to an economy nearing or at potential will lead to inflation. Therefore, as actual output began to pick up steam that year, the Fed wanted to cautiously head off any inflationary pressures before they began to build.

As a result of the Great Recession, on the other hand, the Fed has instituted a zero interest rate policy, ZIRP. Chairman Bernanke is continuing in the ideological footsteps of his predecessor, Alan Greenspan. The reason for ZIRP and its continuation into the foreseeable future is, again, the output gap. Based on current calculations, the economics profession believes that recent economic output is far below its potential, so far below that keeping ZIRP for four or even five consecutive years is not at all troubling to Mr. Bernanke. As such, current thought believes that there is sufficient slack to allow monetary policy to be continually and persistently aggressive.

This produces the confusion that Mr. Bernanke expressed a few weeks back. Despite very aggressive monetary measures, there has been little movement toward economic recovery. Referring to this as bewildering headwinds, the Chairman echoes the broader sentiment of economists and their mathematical interpretations. For some reason monetary policy is not working as they expect.

Essentially, the output gap calculation is a measurement of potential based on the idea of an employment-inflation tradeoff. In simple terms, if inflation is low and expectations are steady, such conditions are thought to signify an economy that is below potential. Because monetarists and economists believe that inflation is the result of full employment, and only full employment, benign inflationary conditions indicate sufficient margin to push the economy to a higher output level, leading to expanding employment conditions.

In the nuts and bolts of monetary policy, inflation defines full employment, and thus economic potential. In the current situation, the Fed believes that inflationary pressures are quite low and inflation expectations are stable, so given the large slack in labor and capital resources it has concluded that the economy needs significant and sustained stimulation to get back to full employment.

But what if inflationary pressures are not low and expectations are not stable? In the circumstances of the output gap it would mean that whatever level of employment and output currently exists is at or above potential.

Monetary evolution has defined inflation to be a rise in the general level of prices. That is an important qualification, with general being the operative word. Commodity price increases are specific so they cannot, economists believe, represent true inflation. Any upward movements of commodity costs are held as transitory rather than directly inflationary. Since they currently exist during a period of weak wage income growth, commodity prices are believed to be nothing more than temporal anomalies that will revert to their mean without causing lasting harm.

As much as the representation of current economic difficulties, commodities, lie outside the accepted definition of inflation, the two most important economic and monetary events of the past twenty years also fall outside the Federal Reserves accepted canon. For some reason, the defining economic characteristics of recent history are intentionally set aside when figuring economic potential. The two largest asset bubbles in history have no place in the concept of the output gap as it is currently construed. The best explanation from economists for not including asset bubbles is that there is no objective methodology for discerning an asset bubble from a normal bull market.

Setting aside the apparent similarities of economists feelings on asset bubbles and the Supreme Courts view of pornography, they know them when they see them, but otherwise cannot ascribe a technical definition to either, there should be at least an effort to incorporate exactly how household and financial intermediaries balance sheets fell into such damaging disrepair during an economic period when apparently no misalignment in monetary policy occurred. Since credit and money are linked through interest rates and wholesale money markets, there should be a direct link between the calculation of the output gap, the monetary policy set to it, and the wider consequences of massive asset price inflation. How could so much debt be created and distributed if monetary policy was properly calibrated to an economy below its potential?

If we think of the Feds narrow definition of inflation and how it relates to that potential, the symptom of generic inflation, an expanded definition beyond the narrow assumption currently employed, simply means that the economy is experiencing activity above that ephemeral concept of potential. That further indicates that a growing proportion of economic activity is unsustainable and artificial. In that case, the economy experiences a negative output gap, where actual output is above potential, where the Fed would change its stance and move to restrictive policies and interest rates, restrictive in that they would reduce incentives to create credit, making money generally more expensive and costly to bank capitalization.

Knowing these parameters, it is hard to see how the asset bubbles of the late 1990s and 2000s were any different than the textbook definition of a negative output gap. The dot-com frenzy created economic activity tied to price pressures, in this case stocks, that was clearly unsustainable and artificial. The amount of household debt added and the resumption of equity extractions tied to corporate credit, through stock buybacks, mergers and privatizations, during the best days of the stock bubble attest to the monetarism of that period. What would the wealth effect of the late 1990s have looked like without so much cheap consumer and corporate credit?

The housing bubble was essentially the same process as the dot-com bubble amplified by the dramatic shift in marginal credit creation to securitization and revolutionary changes in balance sheet capacity, all of which were the responsibilities of the Federal Reserve as regulators of money supply and interest rates. In economic terms, it was simply another elongated period of artificial economic activity, only the inflationary channel had substantially changed from equities to real estate. The Fed knew that housing prices were frothy and that housing related GDP was at its historical upper limits, defined as two standard deviations from the historical baseline, but it never moved to incorporate this data into its understanding of the output gap.

In the orthodoxy of modern monetary thought, though, the housing bubble never pushed through to sustained wage pressures. Holding onto that limited understanding the Fed was blinded to a worsening, overheating economy despite several obvious signs that something was amiss. Not the least of which was the non-existent savings rate for households that appeared in 2005. At the very least, that extreme condition should have been the final warning that wage pressures were never going to register an economy already so far out of balance.

The change in the historical savings rate was really just a substitute for wage pressures. That collapse was the final stages of the longer-term alteration of consumer spending patterns further and further away from the traditional base of wage income. In the absence of so much cheap and available credit, households would have been more likely to demand sustained increases in wages before committing to higher spending levels. Credit availability and net worth growth through price action displaced the role that earned income typically held, and it was all tied to asset price inflation.

I believe this is the sense that most people have intuitively, houses as ATMs. Despite the false comfort of the Feds math, there is widespread recognition of the fact that so much economic activity was tied to housing that it cannot possibly revert back to the way it was. Put another way, malinvestment due to an economy operating above potential allocated resources and production capabilities toward industries and sectors that will not be able to conduct productive growth in the absence of accelerating real estate prices. If there are anywhere near the 18 percent surplus in residential dwellings that some have calculated, a serious misallocation if there ever was one, then we cannot expect construction or mortgage jobs to return as they were. That ship has sailed, crashed on the rocks and sank with all hands lost.

The dramatic shift or dislocation that occurred in 2008 and 2009 was, as hard as it will be for economists to admit and change their models, really just an economic reversion to true potential. Worse still, if we think about that shift within the realm of financial intermediation and ongoing asset devaluation, then it might not have run its full course. The economy may not yet have devolved enough to completely erase the negative output gap that persisted while monetary policymakers were convinced of the opposite.

If the economy was indeed channeling above-potential growth into asset price inflation, then at some point, had the Fed recognized it, restrictive measures would have been enacted, certainly more aggressive than the measured, careful interest rate increases that were belatedly enacted in 2004 and 2005. Restricting credit and economic growth would have led inflationary pressures to recede and, in terms of the housing bubble, it would have meant a decline in housing activity and prices to erase and fix artificial misallocations.

Absent that Fed intervention, the financial system and economy are simply implementing the same prescription, albeit in a chaotic and uneven fashion. The asset deflation seen since 2006, that turned to panic in 2008, really has served to accomplish the same task as restrictive Federal Reserve policy. So no matter how aggressive monetary policy becomes, the economy refuses to bend to it. Perhaps the natural economy knows better than the math?

Not only were real estate prices and activities inflated during the period, but as the breakdown in household savings amply demonstrate, so was consumer spending. If consumer spending was inflated by malinvestment, then some portion of corporate profitability and business spending must have been as well. All that economic activity tied to asset inflation, predicated on an economy operating above its true potential, is collapsing precisely because its monetary foundations are corrupt. The devaluation in credit assets is simply the most tangible, outward description of a systemic revaluation of true potential.

Since the question of debt pricing in so many sectors is still frustratingly unresolved, it is very likely that the re-adjustment is still trying to progress against the grain of monetary intervention. For the output gap, it means that economic output may still be well ahead of potential, further signifying that accommodative policy measures are simply creating new and different forms of inflation and malinvestment. The prices of commodities and stocks are the speculative excesses of yet another period of misaligned policies.

What initially was believed to be a liquidity crisis is really a full-blown crisis of solvency. Such an extreme condition can only be a product of a system so far out of balance that it requires such dramatic steps to unwind. A healthy, efficient economy would never have allowed so much inequity to build and fester. Had the system operated within the parameters of potential it simply would not have been built on a foundation of debt. Insolvency could have only come from monetary mismanagement, a collusion of finance and mathematics.

If only economists and monetary policymakers would allow themselves to move beyond the simplified tradeoff of narrowly defined consumer inflation to employment they might rediscover natural economic progressions. What is more believable, that the economy persists in a state of weakness far below its potential, apparently unwilling, despite powerful and persistent doses of monetary intervention, to return to the historical average that it achieved when asset bubbles were the norm, or that the baseline assumption of that potential was, and continues to be, too high and that the Great Recession was simply a natural self-correction to get the economy out of its paper-price dependency?

Instead of trying to re-inflate asset prices in a vain attempt at fostering a wealth effect through credit production and dispersal, all in the name of closing an output gap that likely does not exist, monetary policy could be allowing price discovery and market discipline to promote re-allocation based on productive investment instead of recycling incentives toward speculation and the financial investment that brought us to insolvency to begin with. Yes, this would be painful in the short-term, but the missing recovery is waiting on the other side of it.
Jeffrey Snider is President and Chief Investment Officer of Atlantic Capital Management, a registered investment advisor.

Another Alternative and a Better Choice. Work at Home.
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

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Innovative New Ideas for Job Creation
Original article at Real Clear Markets
By Diana Furchtgott-Roth
July 21, 2011

KANSAS CITY, MISSOURI. It was 97 degrees in Kansas City on Wednesday. But the heat did not stop Ewing Marion Kauffman Foundation scholars Robert Litan and Timothy Kane from churning out new ideas for job creation.

The setting was a roundtable discussion with financial services industry representatives. Kauffmans latest idea is to import job creators from abroad to create start-ups and hire workers, and attract tourists to give more business to our stores, beaches, restaurants, and wilderness areas.

Start-ups lead to innovation, which leads to economic growth. Think Facebook, with its friends and captivation of an entire generation. Or think of Apple, a start-up just a generation ago. Last quarter all 9.3 million iPads produced were sold. People are buying them for personal use, companies are buying them for employees. And this is in an economy with a 1.9 percent growth rate and 9 percent plus unemployment.

If we had another two dozen new Apples or Facebooks every year making similarly attractive products, our economic growth and our employment would really take off. That is because data show that new companies, those in their first few years of existence, hire a lot of workers on net. That means some companies start and fail, but others make up for it, and more.

Many people do not understand how immigrants could solve our jobs problem. Why give out more visas when we have a high unemployment rate? is a typical question.

But Kauffman data show that immigrants found new companies in America at greater rates than do native-born Americans. So if we allowed more immigrants to enter, and gave green cards to those who created jobs, employment would rise.

Consider Sergei Brins Google, Andrew Groves Intel, Jerry Yangs Yahoo, Pierre Omidyars eBay, and Elon Musks PayPal, Tesla Motors, and SpaceX, to name but a few. Past founders include Alexander Graham Bell, Levi Strauss, Adolph Coors, and Henry Heinz.

Kane explained to me that once companies are around five years old, they appear to reach a hiring equilibrium. They keep the workers they have already hired, but on average their employee expansion rate slows down and they generate no new jobs. So the best way to expand employment in an economy is to figure out how to get more new, innovative firms.

A bill sponsored by two senators, Massachusetts Democrat John Kerry and Indiana Republican Richard Lugar, would do just that. The Kerry-Lugar Startup Visa Act would set up a new class of visa called the EB-6, aimed especially at entrepreneurs.

Those who could bring in capital from abroad, or who have already generated U.S. sales, would be eligible for the visa. If they hired a certain number of non-family members, the EB-6 would transition into a green card, and they could stay forever and become citizens.

The Kerry-Lugar bill proposes about 5000 EB-6 visas a year. The Kauffman Foundation suggests making the number unlimited, to allow as many founders as possible to have the opportunity to come to America to start companies. Those immigrants who did not hire workers would not receive green cards and would have to return to their countries.

In essence, the Kauffman plan would allow America to take a number of potential entrepreneurs on a provisionary basis, and keep the successful ones.

This visa would be especially attractive to some of the million immigrants in America who now have temporary H1-B visas, work permits obtained by employers that require workers eventually to return to their home countries. If H1-B visa holders could start companies and hire other workers, they could convert the H1-B visa to the EB-6, and then progress to the green card.

Once an H1-B visa holder was converted into an EB-6, one market for the new entrepreneur would be his former firm. Rather than selling his services to an employer, he would sell his firms services to his former employer-and to other employers also.

Another group that could benefit from EB-6 visas would be the 60,000 foreign students who graduate with American degrees in the technical fields of science, technology, engineering, and math.

The possibility of such visas would encourage more foreign students to come here to study. Now, many do not come, because they believe that they will just have to return home when their studies are completed. Instead, they study in Canada, Britain, and Australia.

And there is another way that visas could help our job picture, Litan said. We could be giving out more tourist visas, and promoting our country as the global vacation spot.

Walk into a hotel in Zurich, Switzerland, and you can find a brochure in Mandarin Chinese promoting the surrounding area. Walk into the Willard Hotel in Washington D.C. and you see nothing in Mandarin, and little in any other languages. It is no wonder that Chinese tourists go to Switzerland or Singapore.

Instead, our embassies and consulates around the globe seek to discourage visitors. They interrogate them as to their intentions and make sure they do not want to stay here. Plus, they charge substantial sums for a visa application, in the range of 200 to 300 dollars. If the visa application is rejected, the embassy keeps the fee.

We have a natural desire for security. But we need to work out some way that tourism and security can be reconciled. All states offer attractive tourist destinations, and with the weak dollar, America is good value.

America is facing an economic crisis on a scale that our government at times seems incapable of grasping. Our mounting debts are not the result one mistake made at one time, but a series of mistakes made repeatedly over decades. At least the Kauffman Foundation is thinking of ways to turn America around and head us in the right direction, one job at a time.
Diana Furchtgott-Roth is a contributing editor of RealClearMarkets, an adjunct fellow at the Manhattan Institute, and a columnist for the Examiner.

Another Alternative and a Better Choice. Work at Home
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

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U.S. Debt Compromise Pressure Intensifies
Original article at Bloomberg
By Kate Andersen Brower and Julie Hirschfeld Davis, July 20, 2011

The Obama administration signaled it may accept a short-term increase in the U.S. debt limit only if lawmakers need a few days to finish work on a broader agreement to cut the deficit.

President Barack Obama must have a firm commitment to something big on cutting the deficit before he would sign a short-term rise in the debt ceiling, White House spokesman Jay Carney told reporters at a briefing. He released a written statement later saying Obama does not support a short-term extension” unless a few days are needed for a bill to work its way through the legislative process.

The president called congressional leaders to the White House today as the Aug. 2 deadline for raising the 14.3 trillion dollar debt limit nears.

Obama met today for just under an hour with Senate Majority Leader Harry Reid, second-ranking Senate Democrat Dick Durbin, House Minority Leader Nancy Pelosi and second-ranking House Democrat Steny Hoyer. That meeting was being followed by a session with Speaker John Boehner and Majority Leader Eric Cantor, the top two Republicans in the House. Obama spoke by telephone with congressional leaders from both parties yesterday, Carney said.

Matter of Timing
Durbin said afterward that it is not practical to write and pass legislation based on a 3.7 trillion dollar deficit-cutting plan proposed by a bipartisan group of senators in time to meet the debt-ceiling deadline.

Let us be honest about this, Durbin said at the Capitol. It is not written. It is not scored. And we are down to 13 days.

Reid is open to incorporating it in debt limit legislation by reference, perhaps directing a later deficit-reduction vote or turning the matter over to a new joint committee, he said.

Senator Tom Coburn, an Oklahoma Republican who helped negotiate the proposal, said he wants Congress to go all-out to accomplish cutting spending and raising the debt limit.

My preference would be that we go all-out to try to accomplish this, to solve the problem, Coburn said in an interview on Bloomberg Television. He acknowledged the resistance that the plan from the so-called Gang of Six senators faces within his own party, We have made changes that some people cannot accept, Coburn said.

Moving Faster
Kent Conrad, a North Dakota Democrat and chairman of the Senate Budget Committee, said on Bloomberg Television that lawmakers have drafted legislation for the proposal that could advance more quickly than some observers believe.

The proposal, which calls for tax increases and spending cuts, was gaining momentum on Capitol Hill, where Republican lawmakers who have opposed using increased revenue to shrink the deficit said they were seriously looking at it.

There are some good things in there, Representative Dave Camp of Michigan, the Republican chairman of the tax-writing Ways and Means Committee, said in an interview. I certainly like the lower rates and a simpler tax code, but I do think that revenue increases are an issue that we will have to deal with. We are just not going to increase taxes.

Republican Senator Marco Rubio of Florida, a fiscal conservative elected last year with Tea Party backing, said he too was looking at the plan to see whether he could support something that envisions 1 trillion dollars more revenue.

Benefit of the Doubt
They would argue that this is not a tax increase, so I want to give them the benefit of the doubt, Rubio said in an interview.

House Armed Services Committee Chairman Howard Buck McKeon said in a memo to Republicans on the panel that he does not support the proposal in its current form because it would mandate 886 billion dollars in defense and other security spending cuts over a decade. He also said he objected to the plans proposal to change military retirement benefits.

The proposal would require Senate committees to produce legislation to reduce spending and raise revenue. The Senate Finance Committee would be instructed to lower tax rates, eliminate the alternative minimum tax, and reform tax breaks for health care, charitable giving and homeownership.

Tax Brackets
The outline calls for three individual income tax brackets with a top rate between 23 percent and 29 percent, down from 35 percent today. The corporate rate would drop to a single rate of between 23 percent and 29 percent, down from a top rate of 35 percent today. The tax system would need to retain its current progressivity and retain benefits for low-income workers such as the earned income tax credit.

Some lawmakers hold out hope for the compromise offered by three Senate Republicans and three Democrats after months of opposition to new revenue among House Republicans.

The fact that Republicans are coming out for revenues is certainly something of a breakthrough. They have not done that before, Senator Charles Schumer, a New York Democrat, said today. We hope it shows they are willing to compromise. But of course we are running out of time. We need to assure the world we will not default on our debt.

While House Republican leaders indicated a willingness to consider the proposal, they and other members of their fiscally conservative caucus continue to stress opposition to more taxes.

Tax increases are not going to fly in the House, said Representative Kevin Brady, a Texas Republican and a member of the Ways and Means Committee.

Backup Plan
That suggests a backup plan along the lines of one still being worked out by Reid and Senate Republican leader Mitch McConnell may offer the best chance for a compromise before Aug. 2, when the Treasury Department says the government will hit the debt limit. The plan would give Obama 2.4 trillion dollars in new borrowing authority in installments.

Carney said that while the bigger accord is still possible, we have to make sure there is a backup plan.

More than a dozen Senate Republicans have signed a bipartisan letter of support for the gangs efforts, said Senator John Hoeven of North Dakota.

Most Republican leaders have been noncommittal, yet have signaled openness to some of the plans elements. Only one, third-ranking Republican Senator Lamar Alexander of Tennessee, has endorsed the plan.

Step Forward
In this Congress, with this president, from the Republican point of view, this would be a big step forward, Alexander said.

An NBC News-Wall Street Journal poll released yesterday showed that most Americans favor Obamas approach to a compromise rather than Republicans position. According to the survey, conducted July 14-17, 58 percent backed Obamas push for reducing the deficit by 4 trillion dollars over the next decade through a combination of budget cuts and a tax increase, while 36 percent supported the Republican proposal to shave the deficit by 2.5 trillion dollars solely by reining in spending. The polls error margin is plus-or-minus 3.1 percentage points.

The plan released yesterday by the Senates Gang of Six, led by Republican Saxby Chambliss of Georgia and Democrat Mark Warner of Virginia, proposes 500 billion dollars in immediate spending cuts.

It then lays out targets and enforcement mechanisms for compelling future reductions, including between 85 billion dollars and 202 billion dollars in Medicare and other health spending, 80 billion dollars from defense, 70 billion dollars from education and labor programs and 11 billion dollars from agriculture programs, according to a summary.

Tax Overhaul
It calls for a broad tax overhaul that would raise 1 trillion dollars by limiting breaks for health, charitable giving, home ownership and retirement, while lowering individual and corporate tax rates. It would scrap the Alternative Minimum Tax, a system designed to prevent higher-earners from avoiding taxes.

Colorado Democratic Senator Michael Bennet said the proposal is the best bipartisan plan that we have seen, the only one. Members of both parties in the Senate are pushing for an agreement that avoids a government default, Bennet said on Bloomberg TV.

No is not an answer for the American people, he said.

McConnell was noncommittal. I do not have an opinion yet, he told reporters yesterday.

Boehner, an Ohio Republican, also tempered his reaction. The plan shares many similarities with the framework Boehner has discussed with Obama, but also appears to fall short in some important areas, Boehners spokesman, Michael Steel, said in an e-mail yesterday.

Treasuries, Stocks
Treasuries and U.S. stocks retreated following the resistance from House Republicans.

The Standard & Poors 500 Index slipped 0.1 percent to 1,325.84 at 4 p.m. in New York, a day after its biggest rally since March. The drop in Treasuries sent the 10-year yield up five basis points to 2.94 percent, erasing yesterdays decrease.

The cost of insuring Treasuries with credit-default swaps for five years fell to the lowest in a week, declining 1.7 basis points to 52.5 basis points by mid-afternoon in New York, according to data provider CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers in the privately negotiated market.

Credit-default swaps, which typically fall as investor confidence improves and rise as it deteriorates, pay the buyer face value if a borrower fails to meet its obligations, less the value of the defaulted debt. A basis point equals 1000 dollars annually on a contract protecting 10 million dollars of debt.

The Business Roundtable, which represents corporate chief executive officers, said the Gang of Six plan includes several of the principles necessary for tax reform and U.S. competitiveness, both of which are essential to improving the nations economy.

AFL-CIO President Richard Trumka said, We keep seeing bipartisan support for plans like the so-called Gang of Six that cut Social Security benefits, kill jobs, give tax incentives for corporations to export good jobs overseas, tax health benefits and lower tax rates for billionaires and corporations,”

There is no shared sacrifice here, Trumka said in a statement.

To contact the reporters on this story, Kate Andersen Brower in Washington at kandersen7@bloomberg.net; Julie Hirschfeld Davis in Washington at Jdavis159@bloomberg.net

Another Alternative and a Better Choice. Work at Home
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home community for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Let Us Go For a Pro-Growth Debt-Ceiling Deal
Original article at Real Clear Markets By Larry Kudlow
July 19, 2011

As uncertain and unruly and disheveled as the debt-ceiling debate may be, there are still good grounds to reach a deal. It could help the economy. It could keep the policy ball moving in the direction of smaller government. It could add a key business tax incentive for economic growth. And it could even stabilize the dollar.

There really are two problems here. First is raising the debt ceiling to avoid default. That is a real good idea. Second is stuffing enough spending and deficit reduction into the deal to accommodate the newly militant demands of S and P, and Moodys, who want roughly 4 trillion dollars in cuts over ten years in order to keep our AAA rating.

But here is the tricky part for me. What kind of numbers are we talking about in the event of a last-minute deal? So many of these numbers are phony, and they often reflect baseline fiddling and out-year budget cuts that never materialize.

But the credit raters are on the war path. The small deal offered by Senator McConnell would raise the debt ceiling in three parts. But with only 1 trillion dollars in so-called cuts, this Plan B will not pass the S and P, and Moodys test. The number is too small.

Then there is the grand design for President Obamas big-picture deal. It is over 4 trillion dollars, but it includes taxes that look to be off the table from the Republican standpoint.

But this has me thinking. Assuming there are real spending cuts in the Obama package, I wonder if it is possible to insert a business tax cut in the deal that would repatriate foreign earnings of U.S. companies. Let us say with a 5 percent tax holiday. And let us say it is a two-to-three-year plan, or lasts until full-fledged business tax reform can come about. That would be a big plus for growth and jobs. We are talking a base here of nearly 2 trillion dollars in corporate cash that one way or another can come into our economy.

Next up is cut, cap, and balance. Did Obama budget director Jack Lew open the door to this Republican House plan during the Sunday shows? This is my preferred option right now. The burden of government on the economy would be reduced from roughly 24 percent to 20 percent. That narrows the wedge between work and reward. It strengthens private market resources by curbing government redistribution. This is probably the biggest philosophical sticking point in the whole political debate. Of course, I am for free-market capitalism.

But here too I am not sure about the numbers. Various news accounts talk about a 2.4 trillion dollar debt-ceiling increase with an equal spending cut. I presume that is a ten-year number on the spending side. But that would not pass the S and P and Moodys test of 4 trillion dollars.

Other accounts of cut, cap, and balance use the Paul Ryan fiscal-year 2012 spending cut of 110 billion dollars. That would be a home run. It would come to 5.8 trillion dollars over ten years and would certainly satisfy the credit-rating agencies. In other words, the GOP House plan is far better from a rating-agency standpoint than any other plan out there. That is, if the Ryan numbers are actually part of the plan. But we do not know the numerical details yet. That is a problem.

We have learned from the cash-flow analysis of Treasury revenues and government spending that there just has to be a debt increase. As many have already written, the Jay Powell bipartisan policy analysis shows that you can cover the interest on Treasury debt along with Social Security and health entitlements. You could pay the Defense Department vendor bills. You could keep unemployment insurance benefits. But you had still be 134 billion dollars short for the rest of the August budget.

The U.S government has 172 billion dollars of revenues coming in that month. But prior budgets have obligated 306 billion dollars of spending. So you are looking at a 44 percent budget cut. Maybe a good idea, but not realistic in one month. It is just too big a shock to the system. And according to the Powell analysis, you could not pay active duty military, veterans, or the FBI, to name just a few.

So the revenue-allocation view of not raising the debt ceiling really does not hold any practical water. Why some of my conservative friends keeps pushing this is beyond me.

So is a deal possible? I still think it is. The high end of the budget cuts from the White House and the House GOP possibly could be coupled with a tax deal on repatriation and even future tax reform. After all, economic-growth measures should be crucial in this sputtering economy.

Reducing the corporate-tax wedge and reducing the budget-spending wedge, to quote my friend Arthur Laffer, would provide a tonic for the economy. In other words, a debt deal can still work and promote growth.

Lawrence Kudlow is host of CNBCs The Kudlow Report and co-host of The Call. He is also a former Reagan economic advisor and a syndicated columnist. Visit his blog, Kudlows Money Politics.

Another Alternative and a Better Choice. Work at Home
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home communty for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

You are cordially invited to Maniac Marketers' Business Presentation

Discussion of Developing Your Most Appreciable Asset in a Work at Home Business -- Part 1.

Presenter: Terry Allison, Sr

Maniac Marketer's Conference Room

Thursday, July 21, 2011

9 p.m. (Eastern); 8 p.m. (Central); 7 p.m. (Mountain); 6 p.m. (Pacific)

Password: prophet

Work at Home

High Unemployment Should Not Hinder Equities and Growth
By Fisher Investments
July 18, 2011

High unemployment remains a major headline grabber. With the implication that ongoing high unemployment, which even ticked up with the last BLS release, is a material economic negative. However, Fisher Investments analysis is unemployment metrics are not predictive of future economic health.

What is more, much of the media reporting seems to suggest government should do something about unemployment. Our question is, What, exactly? John Maynard Keynes famous Great Depression-era suggestion was to hire people to dig holes then refill them. Mind you, at that time, roughly one out of every five people was unemployed, a level we are not even close to or likely to touch anytime soon. Yes, handing out shovels would create jobs for a time, but surely Lord Keynes was jesting. He no doubt was familiar with another famous economist Frederic Bastiat, who pointed out in the 19th century fixing broken windows or digging ditches and refilling them, is not actually economically stimulative. Nor does it necessarily keep people employed.

In Fisher Investments view, unemployment is not really the governments problem to solve. Nor is it truly an especially economic problem in terms of preventing growth. Rather, it is the frequently very uncomfortable and frustrating consequence of past economic weakness, in this case a recession that ended two years ago.

Folks frequently seem to struggle with the concept unemployment is a symptom of, but not the proximate cause of, recession. But think for a moment. Unemployment has risen in every recession on record, and yet growth has occurred following recession, while unemployment remained high, usually for a long time. And that has been true this time, too. Which only makes sense since the private sector does not hire based on hope or a sense of civic duty. Yet it is common for many to continually find new ways to tie persistent unemployment sluggishness to economic malaise, from blaming technology and employers high expectations to practically blaming President Obama directly.

Blaming a sitting president for high unemployment is an American tradition illustrating the crux of the issue. Of course, unemployment is clearly a tragic personal consequence for individuals affected, but see this as politicians do. Unemployed Americans are voters. In Fisher Investments view, that is at the heart of political platforms touting job creation and pundits calls for increased government actions to help, with wide-ranging proposed solutions sometimes even including resurrecting Depression-era programs like the WPA and the CCC.

But here is the reality. Government does not create private sector jobs, which represent the lions share of employment in the US. Government can only help create the conditions in which businesses can create jobs, or not, as the case may be. Sure, the government provides some vital services, and those certainly require manpower. But once those services are provided, aside from hiring folks to dig ditches and refill them, and the relatively tiny percentage of folks that enter the armed services and protect our shores and our friends and interests abroad, there is little else for government to hire people to do.

On the other hand, the private sector can come up with seemingly endless uses for manpower. Over time, some functions once performed by humans have been performed instead by machines. Think of how massively automated American manufacturing is today, but that has had the positive effect of vastly increasing productivity and freeing people to perform other functions machines can not handle. Or at least not yet. Maybe in the future, they will, but that is dependent on mankinds continually evolving ingenuity and his ability to dream and evolve technologys next generation.

Which, incidentally, provides jobs in and of itself. Without those entrepreneurs and risk-takers willing to see something others do not and pursue its creation. Man does not have computers. Man does not fly. And man does not tweet, which might not actually be a bad thing, but we digress.

Instead of focusing on stubborn employers playing the Scrooge or governments perceived inaction when it comes to unemployment, government would do better to stay out of private enterprises way as much as feasible, some amount of well reasoned regulation is a net benefit, and allow businesses to resume what they do best, innovating and competing with one another in a never-ending race to the top. Believe it or not, they will need to hire folks along the way to help them achieve that goal, and that is when we will see unemployment numbers begin to revive. Are there ways for government to better set the stage for job growth? Yes. But let us not overstate the governments ability to directly create a jobs boom or the impact of high unemployment.

This article constitutes the views, opinions, analyses and commentary of Fisher Investments as of July 2011 and should not be regarded as personal investment advice. No assurances are made Fisher Investments will continue to hold these views, which may change at any time without notice. In addition, no assurances are made regarding the accuracy of any forecast made herein. Past performance is no guarantee of future results. A risk of loss is involved with investments in stock markets.

Another Alternative and a Better Choice. Work at Home
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home communty for people wanting to find out more information on starting their own work at home business. You can also subscribe to this RSS feed to receive up-to-date information from the community blogs Tomorrow's Home Business Social Community RSS Feed

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Veretekk SEO Marketing

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Your Veretekk Marketing Portal
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Blastomatic http://terrysr.blastomatic.com
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Veretekk Down Under http://terrysr.veretekk.com.au

Your Veretekk SEO Portals
4f500 http://terrysr.4f500.com
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Anzaland http://terrysr.anzaland.net
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BlogNewsRadio http://terrysr.blognewsradio.net
Blogomatic http://terrysr.blogomatik.com
Generate-Leads http://terrysr.generate-leads.net
ePopMail http://terrysr.epopmail.com
Incomeomatic http://terrysr.incomeomatic.net
iWealthOnline http://terrysr.iwealthonline.com
Lead-Sources http://terrysr.lead-sources.net
My-Free-Biz http://terrysr.my-free-biz.com
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Success-Leads http://terrysr.success-leads.com
TinCashCan http://terrysr.tincashcan.com
VoIP-4-Free http://terrysr.voip-4-free.net
Xelr8It http://terrysr.xelr8it.biz
ZeroDebtGroup http://terrysr.zerodebtgroup.com

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

Why It Is So Difficult to Recover
Original article at The Motley Fool
By Morgan Housel
July 15, 2011

It is hard to downplay how bad things were 10 years ago. The dot-com bubble burst, erasing 5 trillion dollars of wealth faster than it was created. Decades of slowly eroding U.S. manufacturing jobs turned into a devastating burn. Enron and WorldCom collapsed amid fraud. And then 9-11 hit. How does it get worse than that? What saps an economy is fear, and 9-11 produced lots of it. Not surprisingly, 2001, 2002, and 2003 saw far slower job growth than we have experienced over the past two years.

And yet! In the three years after 9-11, real consumer spending rose by 3 percent a year, faster than the previous 20. Real GDP growth averaged 2.6 percent after 9-11, not far below the long-term average.

How did this happen?

The answer is straightforward, leverage.

One of the most incredible charts I have seen comes from the finance blog Calculated Risk. It shows what GDP growth would have been in the early 2000s without mortgage equity withdrawal, or the extra boost the economy got from homeowners using their homes as ATMs. From 2001 to 2006, as-reported GDP increased at an average rate of around 3 percent. Without mortgage equity withdrawal, however, that growth would have averaged less than 0 percent. Put another way, deprived of leveraging mortgages, the economy would have been in or near recession for most of the last decade, just what one might expect when considering the hell left behind from the dot-com bust and 9-11.

All of this is coming back to haunt us today.

Easy come, easy go
The chorus over whom to blame for todays slow economy is mostly aimed at public policy, with a little hate left over for big banks like Bank of America, NYSE BAC, and Citigroup, NYSE C. President Barack Obamas policies are not creating the necessary jobs, and he has no plan to do anything about it, said presidential contender Tim Pawlenty last week. For his part, Obama has reckoned that Republicans drove the car into the ditch.

Neither is entirely fair. Public policies often have lower impacts than some think. The correlation between tax rates and jobs growth, for example, might seem straightforward at first thought, higher taxes equal lower job growth, but such a relationship is elusive when looking at the data. Government gets blamed too much, Warren Buffett said last week, and it may get too much credit when things do improve.

Policies can and do make things worse, the Great Depression is the best example. But by far the biggest driver of economic success over time is productivity growth and population growth. The good news is that both tend to be fairly consistent over time and, for the United States, rising rapidly. Economies, like stocks, have intrinsic drivers, or the real worth once all the noise is stripped away. For stocks, that value is earnings. For economies, it is productivity and population.

Intrinsic drivers guide long-term results, but what happens in between is erratic. The reason stocks went nowhere over the last decade was not because earnings, or intrinsic value, stagnated. Indeed, earnings grew quite nicely throughout the decade. But returns that should have been spread out between 2000 and 2010 were experienced all at once between 1995 and 2000. From 1995 to 2010, investors achieved a very nice average annual return driven by fairly stable earnings growth. Those 15-year returns just happened to be frontloaded into a five-year period in the late 90s. It is as if we had average rainfall for the year, but got there by a one-day flood followed by 364 days of sun.

Economies go through the same phenomenon. The reason our economy is stagnant today is not because its intrinsic drivers are crumbling, productivity and population growth are fairly strong. It is stagnant because what should have been a slow economy last decade frontloaded a boom by robbing growth from today. GDP growth should have been flat last decade, instead it was 3 percent, driven almost entirely by leveraging real estate. Growth should be decent today, but it is not because we are paying for last decades frontloaded boom by paying off debt.

This is simple stuff, but gets ignored too often. Growth is not slow because of public policies. It is slow because we are deleveraging. Growth will not return when someone else is elected into office. It will return when we are done deleveraging. That will not be this month, next month, or even next year. At current rates, it will be several years at least. That is why it is so hard to recover today. Do not blame current policies. Blame past choices.

Fool contributor Morgan Housel owns B of A preferred. Follow him on Twitter @TMFHousel. Try any of our The Fool owns shares of and has opened a short position on Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Another Alternative and a Better Choice. Work at Home
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home communty for people wanting to find out more information on starting their own work at home business.

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

The Debt Crisis. If Treasury Bonds Are not Safe, What Is?
Original article at Wall Street Journal

How can you lower your portfolios risk in a world of rolling government-debt crises? Start by taking a deep breath. Then, see if you need to do some tinkering—but not too much.

With Europe in turmoil, investors are so eager for a safe haven that this week they were willing to accept a return of only 0.01 percent a month to hold Treasury bills. Such yields on short-term Treasurys are barely a sliver above their all-time lows, even as Uncle Sams own debts may be teetering on the brink of default.

Fears are rampant that the U.S. may lose its triple-A credit rating, that the economy will stay stagnant, that inflation will eventually surge and that the dollar will wither. Lately, U.S. Treasurys and the dollar have rallied mainly because other nations are in even more of a mess.

Amid such uncertainty, you can not reduce one set of risks without raising others. If, for instance, you buy gold, you lower the risk that a collapsing dollar will crush your wealth. But you incur other hazards by paying all-time-high prices for an asset that generates no investment income, lacks intrinsic value and has a weak record of combating inflation. Other hedges carry other risks and trade-offs.

Thus, making a sharp course correction may cut your exposure to the U.S. dollar or inflation—but if todays fears do not materialize, or the future turns out to be full of its customary allotment of surprises, then your sudden shifts may turn out to hurt you. So moderation is the key.

Normally, explains Laurence Siegel, research director at the Research Foundation of CFA Institute, U.S. investors should tilt toward holding assets denominated in dollars, since their future spending also will be dollar-based. However, Mr. Siegel says, todays extraordinarily low yields on dollar assets drag the solution the other way—toward international diversification. If, for instance, you normally keep 20 percent in non-U.S. stocks, you might begin raising that to 25 percent.

Some heavy-hitting investors are beginning to move in that direction, even in their own portfolios. Going into the crisis, all my, personal, safe money was in U.S. Treasurys, says Howard Marks, chairman of Oaktree Capital Management in Los Angeles, which manages more than 80 billion dollars. Now, it is in the debt of a variety of countries, on the assumption that some of their currencies may well gain versus the dollar.

Likewise, Todd Petzel, chief investment officer at Offit Capital Advisors in New York, says his firm is spreading its clients assets into short-term securities issued by non-U.S. governments. Mr. Petzel favors countries with low levels of debt and a wealth of natural resources, such as Australia, Brazil and Canada.

Relatively new mutual funds make it easier for small investors to spread bets—again, in moderation.

WisdomTree Dreyfus Commodity Currency and WisdomTree Dreyfus Emerging Currency are exchange-traded funds offering exposure to foreign currencies that, so far at least, have been relatively unscathed by the government-debt crisis. Commodity Currency provides exposure to money issued by Australia, Canada, Russia, New Zealand and four other countries that are major exporters of raw materials, Emerging Currency offers Brazil, China, India, Israel and eight other developing nations.

SPDR DB International Government Inflation-Protected Bond and iShares International Inflation-Linked Bond are ETFs that hold the debt of more than a dozen governments world-wide, designed to keep pace with inflation in those countries. Such a fund could offer partial protection against a decline in purchasing power in the U.S.

The debt of developing countries is no longer cheap, but it still may offer some diversification. The iShares JPMorgan USD Emerging Markets Bond ETF holds debt denominated in U.S. dollars, while Market Vectors Emerging Markets Local Currency Bond is a basket of government securities issued in Brazilian reis, Chilean pesos, Russian rubles and so on.

But remember, While many emerging-market nations may have better fiscal outlooks than the U.S., they still are risky. If lending to Russia does not make you nervous, someone needs to check your pulse. The currency funds may spread your overall portfolio risks, but they distribute income only once a year and are not a substitute for cash.

If the markets get scared again and there is another flight to quality, says Larry Swedroe, director of research at Buckingham Asset Management in St. Louis, then the dollar will go up and kill your unhedged foreign bonds just when you most want them to keep you afloat.

If you do move any money in response to the debt crisis, move small amounts slowly. A future that seems this inevitable may not even happen—precisely because it seems so obvious. As Mr. Marks asks, Is the world less safe than it used to be? Or was it never as safe as we thought it was? Maybe the risks were higher before, when nobody was conscious of them.
intelligentinvestor@wsj.com twitter.com/jasonzweigwsj

Another Alternative. Work at Home
There is a community where an entrepreneur can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home communty for people wanting to find out more information on starting their own work at home business.

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Work at Home

It seems like we do not have any high hopes coming out of Washington these days, as evidenced in this article Ailing Economy Needs Self-Interest, Not Sacrifice by Jonathan Hoenig. You just got to love the caption underneath the title when it says that Mankind has benefited far more from Bill Gates making billions than from him giving it away. The basic point of the article is that when people work, they do not have to sacrifice. At the end of this article, I will present a community where you can go where people help one another, not to sacrifice, but to learn and gather information to better themselves possibly from a work at home business.

Original article posted at http://www.smartmoney.com/invest/stocks/ailing-economy-needs-selfinterest-not-sacrifice-1310659345937/?link=SM_hp_ls4e

When you trade shares of Cisco, CSCO 15.43, -0.14, -0.90 percent, no one is sacrificing himself on your behalf. You are a willing buyer, someone else is an amenable seller, and you voluntarily agree to transact at a mutually beneficial price. Both parties get what they want.

It is the polar opposite of the doctrine of shared sacrifice permeating through Washington, and by unfortunate extension, the economy. The burgeoning Federal deficit, now significant enough to warrant a warning from Moodys on the countrys AAA rating, can only be solved through shared sacrifice, which, in President Barack Obamas words, means wealthy individuals will finally be required to pay their fair share.

Mr. Obamas underlying philosophy has not changed from before the campaign. As I pointed out nearly three years ago, he believes Americans should be willing to sacrifice. Patriotism must, if it is to mean anything, involve the willingness to sacrifice, to give up something we value on behalf of a larger cause, he told an audience in 2008.

That sacrifice has been the justification for massive intervention in the economy, hundreds of billions of taxpayer dollars sent to banks, auto companies, homeowners and green projects, all to benefit the public good.

But a capitalist economy does not require anyones sacrifice. Just like traders in the stock market, we deal with others through voluntary, mutually beneficial trade. The countrys prosperity, the poverty level in America is equivalent to the average income in socialist Venezuela, is not a function of sacrifice but of self-interest. Mankind has benefited far more from Bill Gates making billions then from him giving it away.

The ad hominem smear is that any refusal to sacrifice makes you an immoral pariah. How could you be against government-run health care or homeowner bailouts, argue supporters. Do not you care about families in need? As the President put it, without sacrifice, It is seniors, or it is poor kids, or it is medical researchers, or it is our infrastructure that suffers.

The idea that only government can address poverty or medical research is false, and the philosophy clearly institutionalizes mob rule. When one man can be made a sacrifice for another, you are either predator or prey. Each individuals life becomes chum to be the public good whatever central planners in Washington decide that might be.

What results is a society built not on mutual benefit, as with capitalism, but mutual contempt, whereas one is endlessly forced to sacrifice for the public with the only hope that one day others will be conscripted to sacrifice themselves for you. Social Security and Medicare are just two examples of this multi-generational feudalism.

The issue is not whether you should charitably decide to pay for someones retirement, health care, or mortgage, or education. The role of government, according to our own founding fathers, was not to re-allocate income, but to protect each individuals right to his own life, liberty and pursuit of happiness. Policies built around sacrifice make that pursuit a crime.

In his recent address, the President offered himself as a moral example, I do not want, and I will not accept, a deal in which I am asked to do nothing. In fact, I am able to keep hundreds of thousands of dollars in additional income that I do not need, while a parent out there who is struggling to figure out how to send their kid to college suddenly finds that they have got a couple thousand dollars less in grants or student loans.

Capitalism protects individuals self-interest, collectivism kills it. So in a free country, why does not the President simply give his unneeded hundreds of thousands of dollars in additional income over to the struggling parent, autoworker or whomever he feels is deserving of it? Why must his sacrifice become a national suicide?

Jonathan Hoenig is managing member at Capitalistpig Hedge Fund LLC.

And here is the community information that I promised, so you can gain valuable information on a work at home business.

Work at home can happen for you, if you are motivated. Now, there is a work at home community that you can work with and gather as much information that you need to succeed. The community name is Tomorrow's Home Business social community and is located at this address http://tomorrowshomebusiness.ning.com.

In this work at home community, the business entrepreneur will be able to read blogs and watch videos for business, or just for pleasure. With a couple of RSS feeds coming to the main page, the entrepreneur can even stay informed of what is happening in the world. There is something here in this community for everyone.

Groups like the Maniac Marketers come in and post their blogs in the community, giving valuable information for their Health and Wellness businesses. If you would rather watch videos of the TriVita videos, you can do that, too. Or if you just want to hang out and relax, you can do that, too! There are many music videos like Johnny Cash, Waylon Jennings, Pink Floyd, Eric Clapton, and Seasick Steve! Or if you want to learn about handcrafts or see the equally oldest Ford antique car, a 1903 Model A Ford, you can do that, too! Or maybe you need an inspirational video clip! There are many choices of inspirational clips, such as Al Pacinos locker room speech in Any Given Sunday, or Mel Gibson as William Wallace motivating the Scottish men men before battle in Braveheart; or Sylvester Stalone as Rocky and how he motivates himself in the boxing ring, or even his inspirational conversation with his son, and who can forget those chants for Rudy in the movie Rudy!

When you become a member of Tomorrows Home Business Social Community, there is a profile created just for you. You can use the standard set-up on your page. Or you can be as creative as you want to be. For an example check out my profile page at Terry Allisons Profile Page. I use my profile page as a dream-building tool. I have always wanted a Harley-Davidson motorcycle. I have learned to keep this dream in front of me.

A work at home communty for people wanting to find out more information on starting their own work at home business.

Terry L. Allison, Sr.
Creator of Tomorrow's Home Business Social Community
http://terryallison.com
U Make Money Online 2
Phone: 859-858-9246
Skype: allisonmarketinggroup

Anti-inflammatory Product

The Physical Side of Stress
by Brazos Minshew, TriVitas Chief Science Officer

According to health experts, we need about 30 minutes of aerobic exercise most days of the week. The benefits of this are too numerous to list but include

Heart health
Increased energy
Decreased obesity
Improved mood

Exercise has been called the best thing we can do for our body.

We also need resistance training to build lean body tissue and strong bones. Resistance training increases the ability of our individual cells to accept sugar and insulin. Indeed, resistance training is seen by some as the antidote to insulin resistance, metabolic syndrome and osteoporosis.

Take the Wellness Challenge.

Stress in, stress out!
Despite all the benefits of exercise, it must be recognized that exercise is stressful. Exercise is work. It is a struggle against gravity and in the end, gravity always wins! That said, there are nutrients that can help us succeed in the struggle against gravity and help us meet our desired objectives of fitness and wellness.

First, we need energy to exercise, and then exercise gives us energy. Energy comes from metabolism, and the sensation of being energetic is stored in the nerves.

Our polyphenol product Energy Now helps convert about 200 calories of energy from stored reserves per serving. This is the amount of energy we need to walk about two miles.
Sublingual B-12 adds to our energy delivery system by nourishing the nerves. Have you ever had a day when you felt light as a feather? Conversely, have you ever had a day when you felt like you were weighted down with lead weight? Most of us have that experience from time to time. Much of the sensation of feeling energetic is related to the potential of our nerves to conduct energy. Vitamin B-12 facilitates that energy delivery so we have more light as a feather days.

Sublingual B-12 also helps in another way. When we exercise we contract one group of muscles and stretch an opposite group of muscles. Vitamin B-12 facilitates muscle stretching, so muscles can stretch with ease.

When muscles ache after exercise it is because we have exceeded the limits of the muscle group at that moment. As we learn to listen to our body we really have only two choices, either do not exercise so we will never feel that pain or take discomfort as a signal that we need to increase our nutrient reserves. Adaptogens are a group of nutrients from specific plants known to help us resist the stress of exercise while speeding a return to normal after exercise. Adaptogens are non-toxic by nature. So, if you find yourself sore after exercise, take more adaptogens!

Of course, pain is one of the cardinal signs of inflammation, pain, swelling, redness and heat accompanied by loss of function. Nopalea contains anti-inflammatory bioflavonoids called Betalains. Reducing inflammation quickly can help our body repair and return to normal function more quickly.

Take the Wellness Challenge.

My routine
I am often asked about my exercise routine and the supplements I take. The answer really depends on what goal I am working on at the moment. If I am preparing for an event, like a bicycle race or triathlon, I will train every day, but I will only work out with weights twice a week. On the other hand, if I am preparing to hike the Grand Canyon, I may run a few miles a day but increase my weight training to five days a week. However, I always begin my workout routines with four ounces of Adaptogen 10 Plus and four ounces of Nopalea.

I use Healthy Foundation supplements and add Energy Now just before performing. It really gives me a boost!

I do not like to exercise but I really do like to play! As an adult my play is more structured and organized than when I was a kid. It is also much less frequent. Still, I know that the more I move, the more I will be able to move and the more I will enjoy activity. Conversely, the less I move, the less I will be able to move and the less I will want to move.

Happiness and self-esteem come from setting and achieving worthwhile goals. One worthwhile goal is to enjoy activity daily and use nutrients and nurturing to combat our inevitable opponent, stress!

Take Control of Your Health

Start slowly, warm up, stretch
Pick several activities to avoid burnout
Use Energy Now to raise metabolism
Use Sublingual B-12 to aid muscles and nerves
Use Adaptogen 10 Plus to help with recovery
Use Nopalea to help break the cycle of inflammation
Set and achieve worthwhile activity goals

Take the Wellness Challenge.

Other health related articles.

Posted by
Terry L. Allison, Sr., #13134349 1 Star
Independent TriVita Affiliate Member
Skype: allisonmarketinggroup
Phone: 859-858-9246
http://terryallison.com
http://umakemoneyonline2.net

Anti-inflammatory Product

Taking the Flame Out of Inflammation
by Brazos Minshew, TriVitas Chief Science Officer

We usually describe the process of inflammation like a series of dominos all set up and ready for something to tip over the first domino and start the chain reaction. The first one tips over the second one, which tips over the third one and so on. This is called the domino effect. Clever people can set up these dominos in an amazing array of complicated designs.

Inflammation is a process much like that. A single event may trigger a domino effect of inflammatory reactions. While many of the reactions are fairly predictable, many others are not. They seem to involve amazingly complicated patterns unique to the individual. Still, all inflammation exhibits five basic signs caused by four basic triggers.

Signs of inflammation
With tissue injury, inflammation is part of the healing process

Redness. An injured area needs an increased supply of nutrients and proteins carried in the blood. So, blood supply increases and the tissue turns red. The Latin word is rubor.
Swelling. The injured area is bathed in healing proteins and substances to control bleeding, as well as an increased supply of plasma for transport of waste. This causes the injured area to swell. The Latin word is tumor.
Pain. The injured area needs to be protected. We instinctively guard an injury because we feel or anticipate pain. The Latin word is dolor.
Heat. The damaged tissue now becomes weakened and so it is susceptible to infection. White blood cells rush to the area and defend the fragile cells from microbes. A sign that this is working is heat or fever in the damaged area. The Latin word is calor.
Loss of Function. This process is accompanied by a reduction in function of the injured area until it is healed. The Latin word is functio laesa.

The dominoes fall in the same predictable pattern if the injury is a sprained ankle or heart attack! No matter what triggers the inflammation, the process is the same.

Take the Wellness Challenge.

Inflammation triggers
Inflammation is the response to four basic triggers, trauma, toxins, deficiency and stress. All four of these triggers cause tissue injury. Our body responds to injury with inflammation.

Trauma We usually think of trauma as a direct injury that causes pain and distress. However, a sedentary lifestyle is also a serious cause of trauma. Why? Because our body was made to move! The more we move, the more we are able to move, and the more we want to move. The less we move, the less we are able to move. Our muscles and other tissues shorten and atrophy. Then, any movement causes injury. So, the less we move, the less we want to move.
Toxins
Toxicity causes cells to rupture in the same way that a needle causes a balloon to pop. Is there any doubt that we live in a toxic world? An article in National Geographic estimated that humans create 700,000 tons of pollution and waste every day! Between these exotoxins, toxins created outside our body, and endotoxins, toxins created inside our body, we are bathed in inflammation-producing poison every moment of every day. Any successful strategy for reducing inflammation must address the level of toxins we face.
Deficiency
Deficiencies also cause inflammation. For example, an omega-3 essential fatty acid, or EFA, deficiency leaves the cell walls weak and unable to function normally. Again, cells are like balloons. If the balloon membrane is too thin, even a normal amount of air will make it pop. If the cell wall is too thin because of an omega-3 EFA deficiency, even normal cell activity will cause the cell to pop and trigger the domino effect of inflammation. Similarly, deficiency of other nutrients can have a catastrophic effect on cells within your body. A deficiency in oxygen, water, sleep and circulation can also trigger inflammation.
Stress
Emotional distress is also a cause of inflammation. When we appraise a situation to be stressful, our brain releases chemicals called catecholamines that trigger the release of many inflammatory processes. For example, stress causes the release of insulin, a pro-inflammatory hormone. Too much stress over too long a period of time will cause insulin resistance, or IR, which is associated with obesity. Other stress-related chemicals reduce circulation to our digestive and reproductive systems and trigger inflammation from blood deficiency. Stress is a serious cause of inflammation!

First steps
We are made with the ability to respond to trauma, toxins, deficiency and stress with inflammation. Therefore, inflammation is not the enemy, however, runaway inflammation is definitely our enemy! Stop the domino effect of runaway inflammation before it starts by learning and living the 10 Essentials for Health and Wellness.

Reduce basic nutrient deficiencies through our Healthy Foundation program.
Help reduce the effect of harmful toxins with Nopalea.
Ease the disturbances caused by emotional distress with anti-stress adaptogens.

Take the Wellness Challenge.

A word about Nopalea
Once runaway inflammation is triggered it follows an amazingly intricate course leading to catastrophe. It is as if tens of thousands of dominoes are falling in an extremely complex design. Many of the steps are known to medical science, but many are not. One thing we know and have known for thousands of years is to stop the runaway inflammation and health will always improve! So, no matter what the condition is that is causing distress, reducing excess inflammation will always improve the way we feel.

Betalains in Nopalea are anti-inflammatory nutrients. They help your body do what it does best, repair with controlled inflammation while dousing the flames of runaway inflammation. So, we can say with confidence that if runaway inflammation is the problem, reducing that inflammation is part of the solution. Address the root causes of runaway inflammation by following the 10 Essentials, and taking Healthy Aging nutrients, adaptogens and Nopalea!

Take Control of Your Health

Eat 5, 7 or 9 servings of fruit and vegetables each day. Include a rainbow of colors, including leafy green vegetables.
Supplement appropriately
Healthy Foundation to fill deficiency
Nopalea to put out the fire and drain toxins
Adaptogen 10 Plus to help counteract damage caused by stress
Sleep peacefully every night and enjoy activity every day

Take the Wellness Challenge.

Other health related articles.

Posted by
Terry L. Allison, Sr., #13134349 1 Star
Independent TriVita Affiliate Member
Skype: allisonmarketinggroup
Phone: 859-858-9246
http://terryallison.com
http://umakemoneyonline2.net

Anti-inflammatory Product

Resveratrol
by Brazos Minshew, TriVitas Chief Science Officer

Whether it is someone on Oprah, Dr. Oz or another show that features health topics, sooner or later the topic will turn to resveratrol. What is resveratrol? Why is it so controversial? Could you benefit from including this mysterious antioxidant in your supplement routine?

Humble origins
Reseveratrol was first discovered by a pre-WWII Japanese scientist who isolated a resin from Veratrum species plants. The resin was deemed a resorcinol.

I am sure these words sound quite different in Japanese!

Take the Wellness Challenge.

Anyway, the war effort distracted scientists from really exploring this discovery until many years later when French physician Serge Renaud identified a mysterious compound in red wine, and many other berries, that reduced the impact of high-fat foods in the human diet. He noted that French people ate a higher-fat diet than their American counterparts, yet had a lower incidence of heart disease. He claimed it was an unnamed element in red wine that offered the protection. So, the contraction resveratrol was created to describe this resinous antioxidant.

The argument of the so-called French Paradox rages on even today. It is true, the French eat foods with higher fat and drink great volumes of red wine, or so the stereotype goes. And in general, they have a lower risk of heart disease than people in North America. Of course, they also enjoy much more activity than most in North America.

Research today
Numerous studies of resveratrol have been conducted in recent years. Most of these have been in vitro tests, studies conducted in laboratory Petri dishes, not on humans. Most of these studies have shown promising results, longer lifespan and a greater host-resistance to infection and cancer cells. Other studies in animals reproduce some of the results, though many are not directly applicable to humans. Can you say that the body of a hamster is a mirror of a human body?

Studies conducted on humans have demonstrated visible results with concentrated resveratrol, skin regains its elastic qualities, wrinkles fade or disappear and skin just looks better. Anti-aging physicians report an increase in stem cells with resveratrol. Stem cells are the progenitor cells that replace diseased, dying or dead cells. Stem cells make us younger!

Take the Wellness Challenge.

Where can I get resveratrol?
There are many sources of resveratrol. The skins, stems and seeds of grapes, especially red grapes, as well as other dark berries, peanuts and other nuts and, of course, red wine all contain resveratrol. However, if you want a consistent concentration of this youthful antioxidant, standardized supplements are the best sources. Why? Because supplements give you the benefits without the risks. Also, supplements can give you the economy of scale. For example, two capsules of Super Antioxidant Complex can give you more resveratrol than dozens of glasses of wine or pounds of boiled peanuts!

TriVitas Super Antioxidant Complex is our best source of resveratrol. TriVitas VisionGuard, Adaptogen 10 Plus and Nopalea also contain resveratrol-rich berries. Once you try one or all of these resveratrol sources, you will want to keep taking it. Then you will understand why resveratrol has remained so popular for so long, it just makes you feel that good!

Take Control of Your Health

Eat the right amount of high-antioxidant fruits and vegetables
5 servings for children
7 servings for women
9 servings for men
Supplement for the most consistent and targeted resveratrol supply
Use Super Antioxidant Complex for beauty from the inside-out!
Use VisionGuard to help protect your vision
Use Adaptogen 10 Plus if excessive stress is aging you too fast
Use Nopalea if inflammation is your primary health issue

Take the Wellness Challenge.

Other health related articles.

Posted by
Terry L. Allison, Sr., #13134349 1 Star
Independent TriVita Affiliate Member
Skype: allisonmarketinggroup
Phone: 859-858-9246
http://terryallison.com
http://umakemoneyonline2.net

Anti-inflammatory Product

Resveratrol
by Brazos Minshew, TriVitas Chief Science Officer

Whether it is someone on Oprah, Dr. Oz or another show that features health topics, sooner or later the topic will turn to resveratrol. What is resveratrol? Why is it so controversial? Could you benefit from including this mysterious antioxidant in your supplement routine?

Humble origins
Reseveratrol was first discovered by a pre-WWII Japanese scientist who isolated a resin from Veratrum species plants. The resin was deemed a resorcinol.

I am sure these words sound quite different in Japanese!

Take the Wellness Challenge.

Anyway, the war effort distracted scientists from really exploring this discovery until many years later when French physician Serge Renaud identified a mysterious compound in red wine, and many other berries, that reduced the impact of high-fat foods in the human diet. He noted that French people ate a higher-fat diet than their American counterparts, yet had a lower incidence of heart disease. He claimed it was an unnamed element in red wine that offered the protection. So, the contraction resveratrol was created to describe this resinous antioxidant.

The argument of the so-called French Paradox rages on even today. It is true, the French eat foods with higher fat and drink great volumes of red wine, or so the stereotype goes. And in general, they have a lower risk of heart disease than people in North America. Of course, they also enjoy much more activity than most in North America.

Research today
Numerous studies of resveratrol have been conducted in recent years. Most of these have been in vitro tests, studies conducted in laboratory Petri dishes, not on humans. Most of these studies have shown promising results, longer lifespan and a greater host-resistance to infection and cancer cells. Other studies in animals reproduce some of the results, though many are not directly applicable to humans. Can you say that the body of a hamster is a mirror of a human body?

Studies conducted on humans have demonstrated visible results with concentrated resveratrol, skin regains its elastic qualities, wrinkles fade or disappear and skin just looks better. Anti-aging physicians report an increase in stem cells with resveratrol. Stem cells are the progenitor cells that replace diseased, dying or dead cells. Stem cells make us younger!

Take the Wellness Challenge.

Where can I get resveratrol?
There are many sources of resveratrol. The skins, stems and seeds of grapes, especially red grapes, as well as other dark berries, peanuts and other nuts and, of course, red wine all contain resveratrol. However, if you want a consistent concentration of this youthful antioxidant, standardized supplements are the best sources. Why? Because supplements give you the benefits without the risks. Also, supplements can give you the economy of scale. For example, two capsules of Super Antioxidant Complex can give you more resveratrol than dozens of glasses of wine or pounds of boiled peanuts!

TriVitas Super Antioxidant Complex is our best source of resveratrol. TriVitas VisionGuard, Adaptogen 10 Plus and Nopalea also contain resveratrol-rich berries. Once you try one or all of these resveratrol sources, you will want to keep taking it. Then you will understand why resveratrol has remained so popular for so long, it just makes you feel that good!

Take Control of Your Health

Eat the right amount of high-antioxidant fruits and vegetables
5 servings for children
7 servings for women
9 servings for men
Supplement for the most consistent and targeted resveratrol supply
Use Super Antioxidant Complex for beauty from the inside-out!
Use VisionGuard to help protect your vision
Use Adaptogen 10 Plus if excessive stress is aging you too fast
Use Nopalea if inflammation is your primary health issue

Take the Wellness Challenge.

Other health related articles.

Posted by
Terry L. Allison, Sr., #13134349 1 Star
Independent TriVita Affiliate Member
Skype: allisonmarketinggroup
Phone: 859-858-9246
http://terryallison.com
http://umakemoneyonline2.net

Anti-inflammatory Product

Protect Against Stress with Adaptogen
by Brazos Minshew, TriVitas Chief Science Officer

Stress is defined as change that is seen by your body or mind as a threat, large or small, imaginary or real, or a change in your environment that triggers a rapid use of your reserves. Stress creates a demand on your resources. Soon, these resources become exhausted and you get sick.

Distress can come from your environment, your body or your mind. Rather than being just a single event, stress accumulates over time from all three sources. It strangles the joy and pleasure from your days and nights. It makes you miserable and then it makes you sick. Once you are sick, stress keeps you from responding as well to medical care.

Adaptogen 10 Plus is designed to help your body repair the effects and damage of stress and protect itself against further damage.

Take the Wellness Challenge.

Adaptogens
Adaptogens are plant species that do no harm, but increase your bodys resistance and resilience to stress, enabling your body to adapt around the problem and to avoid reaching collapse. Over time, sustained stress of an emotional or physical nature has a damaging effect on the health of both humans and animals.

The term adaptogen was coined in 1947 by Dr. Nicholai Lazarev. Joined by his colleague Dr. Israel Brekhman, they led a team of over 1200 Russian scientists in exploring the properties of adaptogens and classifying further plant species to determine the possible presence of adaptogenic qualities. Three criteria were established for a plant species to be termed an adaptogen

The plant must be non-toxic and harmless to humans and animals.
The actions upon human and animal physiology must be non-specific. Adaptogens must act within a system to sustain resistance irrespective of the stressor.
It should normalize bodily functions regardless of the pathological state. For example, an adaptogen acting upon blood sugar metabolism must be able to regulate blood glucose whether it was high or low.

Aloe
Aloes contain smart sugars, molecules that provide information to your body that all is well. Recently, aloe has been used as a supplement for people under life-threatening stress, such as severe diabetes. It seems that aloe can improve digestion and assimilation in even the most seriously stressed people. A study of people with type 2 diabetes demonstrated that as patients got sicker, they could not absorb the medications they needed to combat diabetes. When doctors added aloe to their daily medication routine, the patients began to absorb and assimilate the medications again.

We use aloe in Adaptogen 10 Plus to speed adaptogens and antioxidants, as well as other nutrients, directly into your system.

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Stem cells, Human Growth Hormone and Adaptogen 10 Plus
Aging can be defined as the process of cell death and cell replacement. Premature aging is when more cells die than you can replace in a single day. Chronic disease and disability often accompany premature aging as you might imagine. Stem cells replace dead cells. So, the more stem cells you can make in a day, the slower you are aging, the more vital you may be and the less likely you are to experience the chronic diseases associated with premature aging.

Stem cell production is encouraged by Human Growth Hormone, HgH. Growth hormone and stem cell production occurs in response to certain botanical extracts and antioxidant nutrients, as well as amino acids. Of the six known stem cell-HgH stimulants, five of them occur in Adaptogen 10 Plus. Betalains are the sixth recently discovered stem cell stimulant, contained in Nopalea.

The complete package
Adaptogen 10 Plus uses the smart sugars in aloe to open the doorway for adaptogens, botanical extracts and nutrients to enter your body. Adaptogens can then work their magic at helping your body return its physiology to normal and protecting itself from further damage caused by stress. Stem cell-HgH stimulants can then go to work helping your body repair the damage caused by stress.

Adaptogen 10 Plus is the complete package to help restore, repair and protect you against the relentless changes we call stress.

Take Control of Your Health

Breathe deeply. Stress is reduced with just 10 minutes of deep breathing
Get your sleep. HgH is released during deep sleep
Exercise vigorously. HgH is released during strenuous exercise
Eat a rainbow. Colorful foods contain nutrients needed for stem cell production
Take Adaptogen 10 Plus for a solid foundation of anti-stress nutrients
Consider adding Nopalea. Betalains can help your body increase its production of stem cells

We use aloe in Adaptogen 10 Plus to speed adaptogens and antioxidants, as well as other nutrients, directly into your system.

Take the Wellness Challenge.

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Skype: allisonmarketinggroup
Phone: 859-858-9246
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Suffering with Low Back Pain?
by Brazos Minshew, TriVitas Chief Science Officer

Most of us will experience low back pain at some point in our life. It is a condition caused by imbalance in our posture. What causes our posture to become unstable? All conditions of imbalance are caused by trauma, toxins, deficiency or stress. Low back pain is no different.

Let us discuss a few issues of low back pain and see if we can not find some solutions that work for you. As with other signs and symptoms in our body and mind, we need to learn to listen to the message of low back pain.

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Common causes, injury
Before we begin our discussion of low back pain, I want to say something about all pain in general. Pain is communication from your body. It tells you that something is wrong and that action is required from you to withdraw from the trigger of the pain. A common message in chronic pain is low Vitamin D levels. Nerves that conduct pain messages have special receptors for Vitamin D. We may often withdraw ourselves from chronic pain by filling our Vitamin D deficiency.

Trauma or injury to the back is the most common cause of low back pain. Simple things like overuse, or sprain and strain of the tissues, muscles, ligaments, tendons, etc., can trigger a guarding reflex, part of the guarding reflex is pain. In the case of an injury, pain often serves to limit our motion and prevent us from further injuring the area.

Allow your injury to heal. Use topical stimulants to increase circulation and facilitate healing. Topical stimulants are also called counter-irritants. A counter-irritant prevents the message of pain from becoming chaotic and random. They focus the nature of the pain down to a point where only the actual injured tissue hurts. The unaffected and undamaged tissues stop hurting, they stop having sympathy pains when we use topical counter-irritants.

Inflammation is a common result of injury to the low back. Inflammation is part of the healing process. Using Nopalea can help the body reduce runaway inflammation and facilitate the kind of inflammation needed to heal the injury or trauma.

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Common causes, toxicity and deficiency
Several diseases can cause low back pain. The most common among them is DJD, Degenerative Joint Disease or osteoarthritis, of the low back. DJD is a deficiency of water in the discs of the low back. They dry out and shrink. Rarely, this is associated with injury such as in a herniated disc. More often, this is associated with toxins. How does DJD work?

A popular theory goes like this. Toxins in our environment are detoxified in our liver by a process called sulfation. Sulfation requires dietary sulfur from foods like

Broccoli
Cabbage
Cauliflower
Brussels Sprouts
Mustard greens
Turnip greens

If we are exposed to toxins and do not eat enough dietary sulfur, our body process called homeostasis will steal it from the next available source, our joints. When the sulfur comes out of our joints, they can no longer hold water and begin the process of degeneration. They will try to stabilize by fusing the bones together and thickening the tendons. But without sulfur, the process will continue as we are exposed to more toxins.

Toxins that require sulfation often deplete the body of Vitamin D. In turn, a low back with DJD is unstable and more prone to injury. Injury causes inflammation and pain. The solution is to decrease our toxic exposure, increase our water and dietary sulfur, and supplement appropriately for low back pain, Vitamin D, Nopalea, Quick-Relief Gel as needed and supplemental sources of sulfur, including Glucosamine sulfate, Chondroitin sulfate and MSM.

Take the Wellness Challenge.

Common causes, stress
No less important than trauma, toxins and deficiency, stress is a frequent cause of low back pain. Stress changes our body into a fight-or-flight posture. The early stages of fight-or-flight causes low back pain for some people, neck pain for others and headaches for still other people. It all depends on the person. In the end, stress can lead to exhaustion and exhaustion can lead to low back pain.

A great way to determine the impact of stress on your low back pain is to simply take 1 to 3 ounces of Adaptogen 10 Plus at bedtime. Listen to the message this simple trial sends to you. If your back pain rapidly improves then you have your answer, stress is a trigger for your pain.

Conclusion
People are complex, yet, the messages from the human body are pretty simple. If we experience pain we need to learn to listen, take action and find a solution to the pain. Often it is a mixture of approaches that are as unique to you as your fingerprint! Still, all states of imbalance find their causes in trauma, toxins, deficiency and stress.

Take Control of Your Health

The Essentials of a healthy low back
Deep breathing helps reduce pain and stress
Healthy joints require water
Poor sleep increases pain chemicals, which interfere with sleep!
Junk foods and food allergies increase low back pain
Sulfur-bearing foods improve joint health
Low impact exercise, especially walking, improves back health
Reduced back pain is associated with supportive relationships
Essential supplements
Vitamin D helps reduce chronic low back pain
Joint Complex helps increase sulfur and water in the joints
Nopalea helps the body reduce runaway inflammation
Quick-Relief Gel helps increase circulation and reduces pain

Take the Wellness Challenge.

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Phone: 859-858-9246
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Protect Yourself From the Flu
by Brazos Minshew, TriVitas Chief Science Officer

Important Health News. Protect Yourself from the Flu

About this time of year many people ask me what they can do to prevent the flu or minimize its impact. That has never seemed more relevant than today. So, I will address this with the best science we have available today. I say todays best science because we simply do not know everything we need to know about preventing and treating the flu. And we need to remember that not all that long ago current science said that the earth was flat and diseases were caused by evils spells or dead ancestors.

Many people never get the flu, no matter which strain we are talking about. Do you? When you get the flu, are your symptoms severe? Are there high-risk people living with you? Then your preference for or against preventive measures must take them into consideration. What if you got it and survived but transmitted it to them and they died? How would you feel? In any case, 35,000 to 40,000 people in North America die of the flu each year. It is estimated that this number will double with H1N1.

Flu protection
There are three pathways you need to focus on with flu protection, any variety

Transmission
Infection
Inflammation

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Inflammation
We will begin at the ending. Inflammation from the immune system that incapacitates, even kills, people when they have the flu. MOST IMPORTANT, The flu kills people not by transmission or by infection, but by an inflammatory immune system response called the cytokine storm.

Our immune system is designed to neutralize and excrete any non-self protein it finds. That includes the influenza virus. The size of the immune response needs to be equivalent to the strength of the invader.

Think of this as a building on fire. Small fires are extinguished by local fire fighters. Some fires are so big that fire fighters from other departments have to be called in to help. So, fires are designated as one-alarm, two-alarm, three-alarm, and so on. At a certain point, our immune system pulls all of the alarms and immune system fractions from all over our body rush to put out the fire, so to speak. However, this is a case of fighting fire with fire. Cytokines are inflammatory. They kill viruses and bacteria by creating inflammation.

The cytokine storm is responsible for all of the symptoms we feel, fever, body aches, nausea, diarrhea, etc. It is also responsible for filling the lungs with mucous, pneumonia/pneumonitis, which is often the fatal trigger in influenza, SARS, Hanta virus, bubonic plague, etc.

To survive we must modulate the cytokine storm so that it does its job but does not overwork and kill us. We make it work smarter, not harder. So we do not use Vitamin C or Echinacea or anything that boosts" the immune system. We use immune system modulators so we get exactly the right response. Quercetin, Betalains in Nopalea are quercetin bioflavonoids, green tea polyphenols, found in Energy Now and ginseng, Panax and Eleutherococcus found in Adaptogen 10 Plus, all help balance the bodys immune system and decrease the cytokine storm.

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Infection
Prior to the cytokine storm is the infection stage of influenza. The virus infects the cell by matching a cell receptor called Hemagglutinin. Hemagglutinin, the H in H1N1, allows the virus to gain entry to the cell and mutate the cell DNA so it can breed an infection. It also allows the newly mutated DNA to be incorporated into surrounding cells and through cell lines. Hemagglutinin describes infection with the flu. Two powerful natural bulwarks of Hemagglutinin are green tea polyphenols and ginseng, Panax and Eleutherococcus, found in Super Sublingual B-12.

Transmission
Neuraminidase describes transmission of the flu where the virus disarms the immune system with an enzyme. This is the N in H1N1, H5N1. Neuraminidase inhibitors like Tamiflu limit the ability of the virus to transmit its DNA strands. Two strong natural Neuraminidase protectors are green tea polyphenols and quercetin, Betalains in Nopalea are quercetin bioflavonoids. It is likely that green tea polyphenols and quercetin will help your body do what it does best, resist infection. Think of them as the first line of defense to arm your immune system and help protect against the flu virus from disarming it.

Important...
Remember to always stock up and use these TriVita products on a daily basis to maintain a strong and healthy immune system.

Nopalea
Energy Now!
Adaptogen 10 Plus
Super Sublingual B-12

By the way, the most common route of infection is touching your eyes with contaminated hands! Wash your hands frequently and dry your hands thoroughly to discourage infection. Also, the most common reason why people experience the runaway inflammation of a cytokine storm is poor sleep. Sleeping peacefully now becomes a matter of life and death!

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Flat earth?
We do not know all there is to know about flu prevention and treatment. There are endless avenues and processes we simply have not explored. Imagine what we knew about viruses 50 years ago. Do you think we will know more in the next 50 years? Certainly so! Accepting that as truth we know one thing for sure. Some people never get the flu.

How can we be one of them?
Primarily it is through vigorous application of the 10 Essentials for Health and Wellness.

Practice deep breathing to reduce your bodys acidity and to reduce the impact of stress on your immune system.
Drink plenty of pure water.
Wash and thoroughly dry your hands often.
Get plenty of early-morning sunshine.
Sleep peacefully every night.
Eat nutritiously and take the nutrients you need as a solid foundation for health.
Play daily, enjoy activity, and surround yourself with healthy people you love.

These are the things that keep healthy people healthy and they can help you, too!

Take Control of Your Health

Wash and dry your hands many times daily.
Get your rest every night.
Eat nutritiously and supplement appropriately.
Avoid sick people for two weeks after they recover.

Take the Wellness Challenge.

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Phone: 859-858-9246
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How To Lead An Anti–Inflammatory Lifestyle
by Brazos Minshew, TriVitas Chief Science Officer

Wellness is created in the way our immune system interacts with our environment, based on our genetics and modified by our behavior or lifestyle. Illness is really a disharmony produced by injury, toxins from inside or outside our body, deficiencies in vital elements like air, water, sleep and nutrients and emotional distress.

Sometimes we ask the wrong questions when we start to experience disharmony in our body. In effect, we ask, What makes sick people sick? As pertinent as that question is to a sick person, it is usually more productive to ask, What keeps healthy people well, and how can I be one of them?

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Good inflammation?
Can inflammation really be good for you? Yes! For example, your body temperature is 98.6 F or 37 C. We are able to maintain that warmth because of controlled, focused, balanced inflammation. We call this type of inflammation metabolism.

Our immune system also functions through focused inflammation. For example, bad bacteria are neutralized by inflammation from macrophages, critical elements of our immune system.

Bad inflammation
Four imbalances create disharmony in our immune system. They are

Trauma or injury. Injured tissues first respond with beneficial inflammation. But if the inflammation becomes chronic, it will limit circulation by blood and lymph. Poor circulation allows waste created by the cells to accumulate, eventually becoming a toxic cesspool which can be the target for infection and disease.
Toxins from inside or outside of your body. Fat-soluble toxins and poisons from our environment may accumulate in our tissues and smolder for decades. These toxic tissues become chronically inflamed. Fatty tissues in our body such as our brain, liver and reproductive systems accumulate toxins and become the target for inflammation and disease.
Deficiencies in elements critical for life. Many people are deficient in oxygen though there is an abundance of air surrounding them. Oxygen deficiency causes acidic tissues, an acid body foments disease. Deficiencies in air, water, sunlight, sleep and nutrients are the most common causes of chronic inflammation.
The immune-suppressing scourge of emotional distress. Sustained emotional distress is a trigger for chronic inflammation. Actually, stress is also a known trigger for obesity and type 2 diabetes. Obesity causes more emotional distress and more chronic inflammation.

Your anti-inflammatory plan
We are made with the ability to respond to trauma, toxins, deficiency and stress with inflammation. Therefore, inflammation is not the enemy, however, runaway inflammation is definitely our enemy! Stop the domino effect of runaway inflammation before it starts by learning and living the 10 Essentials for Health and Wellness.

The simple act of breathing deeply can help reduce the impact of stress on your body. Oxygen also encourages an alkaline body, alkaline tissues are resistant to chronic illness.
Sleeping peacefully can also help reduce the impact of stress.
Exercise can ease the imbalance created by injury or trauma. Exercise may also make you less prone to future injury.
Reduce basic nutrient deficiencies by eating the appropriate servings of fruits and vegetables daily
5 servings for children
7 servings for women
9 servings for men

Further fill in the gaps of nutrient deficiency by taking the Healthy Foundation program.

Help reduce the effects of many internal and external toxins with Nopalea.
Ease the disturbances caused by emotional distress with anti-stress Adaptogen 10 Plus.

Take the Wellness Challenge.

A word about inflammation and disease
Once runaway inflammation is triggered, it follows an amazingly intricate course leading to catastrophe. Many of the disease processes are known to medical science, but many are not. One thing we know, stop runaway inflammation and health will improve! So, no matter what the condition is that is causing distress, reducing excess inflammation can help improve the way we feel.

Take Control of Your Health

Breathe deeply, sleep peacefully and enjoy activity
Eat 5, 7 or 9 servings of fruits and vegetables
Eat a rainbow, include leafy green vegetables
Supplement appropriately
Healthy Foundation nutrients to fill deficiency
Nopalea to help your body put out the fire and drain toxins
Adaptogen 10 Plus as a bulwark against stress
Always ask the right question, How can I build wellness today?

Take the Wellness Challenge.

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Skype: allisonmarketinggroup
Phone: 859-858-9246
http://terryallison.com

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Are You Nutrient Deficient?
by Brazos Minshew, TriVitas Chief Science Officer

For the first time in recorded history, children born in North America today are not expected to live as long or as well as their parents. This startling trend may have its roots in the nutrition of our parents or grandparents. The trend continues through our generation. Truly, the sins of the parents are visited upon their children, grandchildren and even great-grandchildren.

How did we get into this predicament and what can we do to change the trend?

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Poisonous fruit
Along with the advances in agriculture that reduced famines and starvation, the farming practices of the last century produced some pretty scary trends. For example, food grown in mineral-depleted soil has fewer nutrients to offer us. Food processed for increased storage is further reduced in nutrients. Flavor-enhancing additives, such as refined sugar, further impose a burden on our system. It is as if we are over-taxing our personal health resources and the deficit spending of this course is being passed on to our children.

Some scientists recognized this disastrous course 100 years ago. General awareness of the importance of nutrition has increased significantly in the past 50 years. However, commercial and other interests have kept the debate suppressed until recently. A landmark article was published in the Journal of the American Medical Association, JAMA, June 19, 2002. It defined the need for nutrients in disease prevention. Though it was met with resistance, this article clearly opened the door for debate while confirming the truth we have known for a century. A body deprived of nutrients and nurturing will be prone to disease, disability and untimely death.

Further scientific exploration into the link between low nutrient reserves, a shortened lifespan, increased disease and unhealthy children was published that same year in the European Journal of Human Genetics. It clearly detailed the link between poor nutrition in a person and the increase in disease in their children and grandchildren. The root of poor nutrition has erupted into obesity, heart disease, diabetes and other diseases that extend through generations. Habits and practices of 100 years ago are bearing fruit in our children!

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Solutions
With this knowledge, the discussion around human nutrition has never been more important. We simply must change our habits if we are to change our destiny. For example, we must select food grown in mineral-rich soil and endorse farming practices that support ecology.

We must also discipline ourselves to take our nutrients every day. By doing this, we increase the opportunity for having healthier children. If we are past childbearing, taking our nutrients daily will improve our health and give us the opportunity to model responsible behavior for our children and grandchildren. Healthier kids mean a healthier family, a healthy community and even a healthier species.

The power to change the trend is in the choices you make every day.

Wellavoh
Wellavoh, pronounced wel-lah voh, is a multi-nutrient complex built upon the science of proper nutrition. Wellavoh is constructed to give you the nutrients you need today to help your body change the trend: the trend toward wellness. It contains the classes of nutrients we need to fill in the gaps left by poor diet and foods grown in nutrient-depleted soil.

Wellavoh is designed for adults and children age 10 and over. Take your nutrients every day and model healthy behavior for your children and grandchildren. Become part of the solution to declining health by making better choices in nourishing and nurturing your body today!

Take Control of Your Health

Learn and live the 10 Essentials for Health and Wellness
Take healthy foudation nutrients
Wellavoh, the multi-nutrient complex
Nopalea
Sublingual B-12
OmegaPrime
Vitamin C
A Vitamin D supplement found in VitaCal-Mag D and Bone Growth Factor
Eat organic, locally-grown food when possible

Take the Wellness Challenge.

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Skype: allisonmarketinggroup
Phone: 859-858-9246
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Just Say No to Premature Aging

Nopalea Can Help
By Brazos Minshew, Chief Science Officer of TriVita

Healthy aging is about living long without being old. To reach that goal we need to take a brief look at the process called biological aging. Biological aging does not happen with the tick of the clock or the pages turning on your calendar. It happens in your cells. During its life cycle, a cell may be damaged by exposure to

Toxins
Direct trauma
Nutrient deficiencies
Stress

Each of these circumstances causes inflammation and free radical production. Intense nutrition is needed to battle these causes of premature cell death. Premature biological aging occurs when more cells die than you can replace.

Fighting inflammation
The human body is designed to fight premature aging and remain young. A powerful force called homeostasis mobilizes your immune system, hormones, nerves and other important systems to ignite the healing process. Homeostasis uses focused inflammation to remodel your cells following injury, illness or even the extreme challenges of emotional stress. Once the healing process is complete, homeostasis extinguishes the fire of inflammation and returns your body to a state of dynamic and vital balance, free from the effects of runaway inflammation.

However, there are times when your body cannot heal itself. If inflammation overwhelms a cell, it may be damaged beyond repair. Damaged, dead cells must be removed or they will become the focus of infection and illness. Betalains, a unique class of nutrients that is both an antioxidant and a protein, assist a special cell called a macrophage, literally big eater, to engulf the dead cell and eliminate it from your body. This makes room for a brand-new replacement cell and the cycle of wellness continues.

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Nopalea protects against premature aging
There are many things that contribute to premature aging, including

Excess exposure to the sun
A poor diet
Stress
Inactivity

The most common contributors, however, are inflammation, muscle and joint pain and poor circulation. Since Nopalea targets inflammation, aids detoxification and optimizes cell health, it can help slow down the process of premature aging. Daily servings of Nopalea will provide you with the Betalains that help put out the fire of inflammation and rescue cells under attack by free radicals. Further, Betalains act to clean up the dead cells and help to protect them from becoming a target for disease. Betalains help you thrive as they help your body reduce inflammation and support the miracle of homeostasis.

Remember, premature aging is about losing more cells than we replace. Healthy aging is about closing the gap between loss of our cells and repair or replacement of our cells as directed by homeostasis and fueled by nutrients.

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Skype: allisonmarketinggroup
Phone: 859-858-9246
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Managing High Cholesterol
by Brazos Minshew, TriVitas Chief Science Officer

The guidelines for healthy cholesterol have changed. New targets have been established that tell us that perhaps our efforts to manage cholesterol and other blood lipids have been inadequate. This is especially true when we consider the target for LDL, low density lipoprotein, the so-called bad cholesterol.

Why should we be concerned with our LDL level? How did we get into such a deplorable state when it comes to managing our cholesterol? How can we use this information to improve our health?

What is LDL?
Low density lipoproteins, LDL, are often considered to be a bad form of cholesterol. But this is an extreme mischaracterization of a very beneficial fat in our blood. You see, your body makes important things out of LDL. Brain cells and nerves are shielded with LDL cholesterol-based fats. And hormones in your bloodstream and inside your cells are made from LDL cholesterol. So, LDL is not really bad, just misunderstood!

The dark side of cholesterol metabolism occurs when a person over-produces LDL and when LDL particles become sticky, oxidized and inflamed. This is one cause of atherosclerosis, hardening of the arteries, which leads to heart attack and stroke, peripheral artery disease, PAD, and other diseases of your blood vessels.

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Why cholesterol is high
We also make hormones from good cholesterol. Most doctors recommend over 1,200 milligrams of Omega-3 fats for building healthy hormones and reducing bad cholesterol. OmegaPrime supplement contains beneficial Omega-3 fats. You may find that you need more OmegaPrime every day to build cholesterol into trophic hormones.

Estrogen, progesterone, DHEA and testosterone are examples of trophic hormones. They are made of the same substance, cholesterol. If your body is unable to convert cholesterol into these hormones you may see your blood levels of cholesterol rise. You can bring your cholesterol down and your low hormones up by supporting cholesterol-to-hormone conversion. We can help support healthy hormone metabolism with supplements such as OmegaPrime, Balanced Woman and Prostate Health Formula.

The most critical balance of hormones occurs between insulin and glucagon. When we sleep too little, when we are stressed too much and when we eat too much sugar, especially high fructose corn syrup, our insulin levels stay too high for too long and cause insulin resistance. High levels of insulin cause the liver to release high levels of cholesterol and LDL. Oxidized LDL inflames, gets sticky and clogs arteries.

Glucagon is a liver hormone that balances blood sugar and lowers cholesterol and LDL. We support glucagon metabolism with adaptogens for stress and Leanology capsules to sustain healthy blood sugar. We assist with LDL stickiness by using robust levels of Vitamin C. We help your body reduce inflammation with Betalains found in Nopalea.

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Learning to listen
We should think of high cholesterol as a message from our body that something is wrong. Learn to listen to your body by taking stock of your lifestyle in comparison to the 10 Essentials for Health and Wellness

Are you keeping the impact of stress on your body in control? You do this by daily exercise of 30 minutes or more, sunshine in the morning and deep breathing exercises for peaceful sleep at night.
Do you drink enough water and eat up to 9 servings of fruit and vegetables daily?
How healthy are your relationships?

We can balance our cholesterol and meet the new guidelines for LDL through vigorous application of the 10 Essentials, meticulous supplementation and appropriate medical care.

Take Control of Your Health