There is some disagreement over when the word “jawboning” first entered the English language. Some believe that its initial use characterized Herbert Hoover’s attempt to convince employers to maintain wage levels after the crash of 1929, while others believe it was first used during the Second World War, when officials at the U.S. Office of Price Administration and Civilian Supply attempted to restrain wartime profiteering. Politicians since at least the Johnson administration have engaged in the technique, and while its etymological origins may be in dispute, the term has since entered wide use, referring to a form of moral suasion, usually by government officials attempting to alter behavior or influence markets.
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Archive for October, 2010
The Federal Reserve Stirs Poltergeist Of Hyperinflation, Weimar Collapse
Documentary Is a Survival Guide to Protecting Families Against Economic Collapse
The upcoming controversial United States Federal Reserve Bank meeting to discuss quantitative easing on November 3rd, 2010 has led the Entertainment Career Connection, Inc. to announce the release of Brian Kraft’s documentary The Fall of America and the Western World. The 9 disc, 8+ hour DVD box set provides valuable interviews with conservatives, liberals, moderates, and radicals who all believe that America, Europe, and the Western world is in serious trouble and poised for economic collapse.
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U.S. Manufacturers Are Uncertain, Not Optimistic
Of the 42% planning to hire, the most sought-after employees will be production workers, skilled labor and professionals/technicians.
Looking at the next 12 months, the majority (52%) of industrial products manufacturers surveyed are uncertain about the U.S. economy, according to the latest edition of the PwC U.S. Manufacturing Barometer.
Overall, uncertainty has replaced optimism as the prevailing view of the U.S. economy. Thirty-five percent are optimistic, down 10 points from the prior quarter, and only 13% are pessimistic. Uncertainty also dominates the 12-month outlook for the world economy among those marketing abroad, with 38% optimistic about its prospects, and 51% uncertain. Only 11% are pessimistic.
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Cash injections may not be enough for sickly US economy
The recovery has turned out to be anaemic.
THE United States’ import bill now exceeds $2.4 trillion a year, more than twice that of China and greater than that of the 27 European Union countries combined. Since the volume of US imports varies with the strength of the American economy, so does the volume of other countries’ exports.
So it was good news for everyone when the US economy began expanding in in the middle of last year, 19 months after falling into the recession that officially started in December 2007. Unfortunately, the recovery has turned out to be very anaemic. Fifteen months into the expansion, real GDP is still lower than when the recession started.
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