From HousingWire:
Fannie Mae: Expect 3 more Fed rate hikes in 2016
December 16, 2015, will forever be known as the day that the Federal Open Market Committee increased the federal funds rate for the first time since June 2006, but one housing industry insider expects that this rate hike won’t be the last one — far from it, in fact.
In a note published shortly after the Federal Reserve’s announcement, Doug Duncan, Fannie Mae’s chief economist, said that Wednesday’s announcement is just the first step in a longer journey for the Fed and that he expects to see several more rate hikes in 2016.
“This is one small step on an overdue journey for the Fed,” Duncan said.
…
Duncan said that Fannie Mae now expects three more hikes in the federal funds target in the next year.Duncan also said that Fannie Mae expects the 30-year fixed mortgage rate to rise from 3.9% in the fourth quarter of this year to 4.1% by this time next year.
FOIST!
We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of the few, but we can’t have both.
-Louis Brandeis
It’s interesting how you find those to be mutually exclusive.
Call for a Con-Con. I’ll second it.
I figured anon and the rest of the dupes would wake up with a bad taste in their mouths after hearing how the latest budget sold them out yet again. Thanks for your voting loyalty idiot.
Lol better sell that wu tang album.
http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/
[5] juice
The whale that surfaces is the one to get harpooned. He pissed off too many people in the administration.
But he isn’t even the real target. The real targets are closed distribution systems.
[4] nwnj
It’s funny. I told my friends on the progressive (social1st) left, even before Obama took office, that they would be looking at the underside of a bus.
They didn’t believe me. I think they do now.
The whole story is f*cking nuts
2.
As stated here several times democracy is nothing more than mob rule.
Most ‘democracies’, including our own, are not such and were never intended to be.
Interesting how you support the ever increasing consolidation of political power but rail against economic concentration. Perhaps because your team is adept at one and not the other?
This is not a Democracy. It’s sad most people don’t know this in the United States. How can somebody attend Yale and not understand the design of our government or what makes it unique in the world?
The End Is Nigh (chicago DIFYS Edition): I was in the kitchen this morning making coffee when my 6 year old daughter walks down the stairs with her puppy. I said “good morning”. She said “it’s Jerry…..Jerry Lewis…..it’s the Jerry Lewis M-D-A…….telethon….” doh!
re# 6 – Walgreens Boots Alliance? Humm interesting stuff.
Obama not pushing back on bill that delays two Obamacare taxes. Quel surprise.
The same bill has $$$ that Jon Stewart was railing about. It’s funny, the kabuki dance some do to entertain the politically illiterate: The $$ was always there, it was going to get done, so when we hear him take credit for it (as he will), it’s like taking credit for a sunrise.
[12] juice
Not what I was talking about
ChiFi: Everytime I get together with my gang of gnarly college friends, I’m greeted with that same horrible chorus.
This guy gets it.
“To create the the zero-interest-rate environment fostered by the Fed over the past 9 years, the central bank has pumped unprecedented amounts of new money into the banking system without rekindling inflation. The reason for this apparent anomaly is that the velocity of money (the frequency with which money is spent) has plunged, avoiding the inflationary paradigm of “too much money chasing too few goods.” Banks have been content to passively allow much of their vast accumulations of surplus reserves, costing them nothing, to languish in Treasurys, rather than lending them to consumers and businesses to stimulate economic activity. Hence the sluggish GDP growth in recent years.
However, as the Fed now begins to raise rates, banks faced with the prospect of paying depositors for the use of their money, will be forced to lend more aggressively to show a profit on previously idle reserves. GDP growth will pick up and THE VELOCITY OF MONEY WILL INCREASE, FUELING INFLATION, forcing the Fed to raise rates more aggressively than previously anticipated, producing an extended vicious cycle between rising interest rates and inflation. The Fed will chase its tail until such time as high interest rates eventually discourage private borrowing, curbing growth and inflation. There is no free lunch. The money the Fed pumped into credit markets to rescue the economy will come back to bite us.
“Fasten your seat belts, folks. We’re in for a bumpy ride.””
[12] juice
To wit:
http://www.klobuchar.senate.gov/public/2015/10/klobuchar-calls-for-ftc-investigation-of-pharmaceutical-companies-for-possible-antitrust-violations-in-light-of-recent-alarming-drug-price-increases
A closed distribution system prevents redistribution of IP, or more accurately, intellectual capital and, concomitantly, real capital.
Remember their mantra: “you didn’t build that.”
Lib, you are the man. You have all types of skills. I had no idea you could beat box. You are truly one of a kind. Not many people can have your sense of humor, and at the same time, carry the level of sophistication you are capable of intellectually. Hats off to you.
18- Btw, I didn’t realize how big you were, you can def kick my ass. I better not piss you off…lol Nice to put a face to the picture.
#12 – Nom I believe we are on the same page.
http://www.zacks.com/stock/news/201291/valeant-in-price-cut-deal-with-walgreens-will-investors-gain
“From 1950 to 1970, the US found itself in a Golden Age. It wasn’t just the world’s richest, safest, most technologically advanced, most educated country: the average household was, too. That is, it had crafted a historically unique social contract, where economic growth was shared broadly by the average.
But then something went wrong — badly wrong. Incomes began to stagnate. The average household began to suffer, and soon fell behind the rest of the advanced world in simple human terms like healthcare, education, and savings.
Why did living standards begin to stagnate in the 70s — and then continue for nearly half a century? Here is the explanation. The US became, uniquely amongst advanced economies, consumed almost totally with an extremist right wing economic ideology. Trickle-down economics, for short. The idea, simply, was that prosperity at the top would rain down on those at the bottom. Hence, crucially, income was redistributed from the bottom to the top — in the belief that it would benefit those at the bottom tomorrow. How was that redistribution accomplished? Simple: by cutting taxes at the top severely, by slashing bargaining power for those at the bottom just as severely, by financializing the economy, that is, deregulating Wall Street, so that those at the top could invest the gains they were reaping.
Needless to say, all of this was at odds with reality. The middle and bottom never benefited — nor was there a shred of evidence that suggested they would. The US essentially ripped up the social contract of its golden age for the sake of extreme ideological belief.
And while stagnation took hold, institutions and leaders bickered over how to rewrite the social contract — but they did not rewrite it. Thus, stagnation continued, accelerated, and the middle class begin not just not to prosper — but to actually shrink.
Recently, the US has reached a historic tipping point: for the first time, the middle class is a minority. Neither you nor I can say that this “proves” in academic terms that fascism is caused by it. Yet we can say with confidence the following. Fascism is always a product of inopportunity. In the US, the middle class, and its living standards peaked around 1970. Since then, the middle class has shrunk steadily. And today, fascism is rising at precisely the moment when the middle class has hit the turning point from majority to minority.
Has the middle class been failed by it’s leaders and institutions? Is it rightly anxious about and desperate for prosperity? Yes. But that is besides the point. The point is simply this: the middle is reacting to its own decline by supporting New Fascists.”
“While the right was not just promulgating an unproven extremist economic faith, the left didn’t even understand what it was fighting. A generation of leftists decided instead that the true opposition wasn’t a right-wing economics locally — but a global politics they called “neoliberalism”. But much of neoliberalism, in stark opposition to trickle-down economics did in fact lift millions across the globe out of poverty, misery, and despair. Why? Because liberalism, however you choose to define it, is not trickle-down economics: it is precisely the opposite — investing in institutions, people, and societies, so that gluts do not pile up at the top.
Yet, the left began targeting and protesting the very institutions that were defending the globe from trickle-down economics — the World Bank, the IMF, the UN. Of course, I’m sure that those of you who are leftists will quibble with me vehemently here, and call me a Terrible Person. But the simple fact is that the IMF and World Bank were created by Keynes precisely to prevent wealth piling up at the top — and that is precisely what they did. So you are only really proving your own dire and profound ignorance of economic history. I’m sorry to be harsh, but we must speak in blunt realities now.
And that tragic, historic, colossally stupid mistake — to confuse trickle-down economics with liberalism, left with right — damned the left to a path of total irrelevance. Instead of fighting the right, the left began fighting…itself.”
https://medium.com/bad-words/why-fascism-is-rising-again-and-what-you-can-learn-from-it-d5b853a7dccc#.8nususg2p
21- Thought this passage was powerful in meaning, and didn’t want it to get lost in the longer passage.
“Why did living standards begin to stagnate in the 70s — and then continue for nearly half a century? Here is the explanation. The US became, uniquely amongst advanced economies, consumed almost totally with an extremist right wing economic ideology. Trickle-down economics, for short. The idea, simply, was that prosperity at the top would rain down on those at the bottom. Hence, crucially, income was redistributed from the bottom to the top — in the belief that it would benefit those at the bottom tomorrow. How was that redistribution accomplished? Simple: by cutting taxes at the top severely, by slashing bargaining power for those at the bottom just as severely, by financializing the economy, that is, deregulating Wall Street, so that those at the top could invest the gains they were reaping.”
Please tell us more about penny stocks. I want to hear more Michael.
You want me to get banned? That’s fine, but why the malicious intentions? Because I bring thoughts to the table that you don’t necessarily agree with?
D-FENS says:
December 17, 2015 at 10:06 am
Please tell us more about penny stocks. I want to hear more Michael.
Nice D!
Lib [yesterday];
You’re a mensch!
Nom [17];
Yeah, that and another case (http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/). I’m calling it Felony Capitalism.
18. Uh….I call fake praise….
I feel a disturbance in the Force. I think it’s due to Essex’ jealousy.
28
Are you defining capitalism similar to Obama now?
I am a big guy, I wouldn’t mess with Stu, dude plays hockey.
And those who know me know I have no patience whatsoever. Heck, I’ve been known to pop a guy just for having more chest hair than I do.
Damn. Where’s my santa rally?
I just looked up my hockey stats. I have a whopping 16 minutes of penalties in my last 11 years of hockey. That’s 220 games!
add toilet sniffer to the list. hides in public bathrooms to check who washes hands after crapping and reviews Home Depot’s smells after use
The Great Pumpkin says:
December 17, 2015 at 9:44 am
Lib, you are the man. You have all types of skills. I had no idea you could beat box. You are truly one of a kind. Not many people can have your sense of humor, and at the same time, carry the level of sophistication you are capable of intellectually. Hats off to you.
maybe is time to trade up after all
inflation will make my fixed mortgage pmt too cheap
The Great Pumpkin says:
December 17, 2015 at 9:36 am
This guy gets it.
THE VELOCITY OF MONEY WILL INCREASE, FUELING INFLATION
I don’t know why everyone thinks I’m so troll that is messing with everyone here. I’m being completely honest. I respect lib and the skills he brings to the table. Yes, I know this is a hardcore conservative board, but that’s why I love it. I’m in the middle, and debating and reading the thoughts of this board help me to have a very good grasp of both sides of the table. There is a reason I usually take the stance of the left on this board, it helps to spur debate. If I just agreed all the time, what would we really learn day to day?
Essex says:
December 17, 2015 at 10:46 am
18. Uh….I call fake praise….
Exactly, it will come my man. The debts need to be driven down and this how they will do it. Get that fixed payment locked and loaded with low rates in a 30 year term, you will be thanking yourself in 10 to 15 years.
anon (the good one) says:
December 17, 2015 at 12:02 pm
maybe is time to trade up after all
inflation will make my fixed mortgage pmt too cheap
The Great Pumpkin says:
December 17, 2015 at 9:36 am
This guy gets it.
THE VELOCITY OF MONEY WILL INCREASE, FUELING INFLATION
[35] lib
“I have a whopping 16 minutes of penalties in my last 11 years of hockey.”
That was about what I’d rack up in 3 or 4 games. If I wasn’t ejected.
[20] Juice
I see now. I thought you were referring to the closed system under FDA. This is definitely a shot at pharma closed distribution albeit a lesser one–I don’t think Valeant had fully closed dist. on all scrip drugs but I could be wrong. Not my side of the street.
7 CND,
In all honesty, they were headed under the bus no matter who they voted for….
“It’s funny. I told my friends on the progressive (social1st) left, even before Obama took office, that they would be looking at the underside of a bus.”
Pumps,
This place isn’t as conservative as you think. Yes, there are some outspoken staunch righties, but there are a bunch of lefties here too. I find this blog refreshingly central.
Yes, there are some lefties, but I feel like the conservative voice takes precedent on this board. I believe that you fall in the middle based on what I’ve read here.
Libturd supporting the Canklephate says:
December 17, 2015 at 1:41 pm
Pumps,
This place isn’t as conservative as you think. Yes, there are some outspoken staunch righties, but there are a bunch of lefties here too. I find this blog refreshingly central.
Pumps do you consider yourself a centrist?
38. Mad saving skillz
typical attitude of a liberal….anyone who isn’t a liberal bleeding heart is a “hardcore conservative”…….WTF?
The Great Pumpkin says:
December 17, 2015 at 12:11 pm
I don’t know why everyone thinks I’m so troll that is messing with everyone here. I’m being completely honest. I respect lib and the skills he brings to the table. Yes, I know this is a hardcore conservative board, but that’s why I love it. I’m in the middle, and debating and reading the thoughts of this board help me to have a very good grasp of both sides of the table. There is a reason I usually take the stance of the left on this board, it helps to spur debate. If I just agreed all the time, what would we really learn day to day?
Essex says:
December 17, 2015 at 10:46 am
18. Uh….I call fake praise….
I’m actually pretty liberal and support most liberal causes, but I can see when the machine is playing their followers for fools. Honestly, our federal government is only about maintaining the base (just the crumbs) and making the big decisions by following the desires of the highest bidders. It really is non-partisan. The social stuff is about maintaining the bases so these decisions are partisan in nature. But, when it comes to divvying up the financial pie, the lobbies, which play both red and black, will always get their way.
Essex is a tea party fascist by pumpkin’s standards.
Lib,
I pictured you as somewhat scrawny, not some 200+ pound 6 foot tall bull.
Politically I’m more a classical liberal. Against religion, kings, tradition for the sake of tradition, and in favor of the revolutionary power of reason, individual rights and freedom to transact voluntarily (e.g. legalize drugs, prostitution for adults). I favor the American revolution, not the French revolution, where the mob replaces king as tyrant over the individual.
To call that “conservative” is remarkably small-minded.
+1. Or stated differently in current terms, socially liberal and fiscally conservative.
Which, as noted above, in the eyes of a dyed in the wool liberal I am a right wing fascist.
Absolutely, you are liberal on social issues. When it comes to economics, you are an extreme conservative. Nothing wrong if that is what you are, but try to understand that keynes was right about some things too, not all, but he was right on some issues that you are totally against. Esp when it comes to the role of consumer demand, this is where I think you go wrong. Most of the your thoughts are highly intelligent and on total point, imo. You just take it to the extreme on one side of the coin when it comes to economics. All the economists are right and wrong in some way, you just have to know which economic theories should be applied to the problem. One size doesn’t fit all.
Ragnar says:
December 17, 2015 at 4:15 pm
Politically I’m more a classical liberal. Against religion, kings, tradition for the sake of tradition, and in favor of the revolutionary power of reason, individual rights and freedom to transact voluntarily (e.g. legalize drugs, prostitution for adults). I favor the American revolution, not the French revolution, where the mob replaces king as tyrant over the individual.
To call that “conservative” is remarkably small-minded.
You are not an extreme right winger, even though your hate of the left would say otherwise. Facist, honestly, you might fit this label. Your support of the corporation is unyielding. Like how you blame the consumer for taking the loans. You consistently state that the majority are ignorant, yet you expect them to be able to know if they can take a loan or not. Better yet, you expect them to have the self control? You are the corporation’s lap dog, and don’t feel bad, there are lots of people with your same mindset. I would think the majority of business owners carry this same mindset. Their situation causes them to think this way. No blame can ever be placed on the business and I get it, self preservation.
leftwing says:
December 17, 2015 at 4:35 pm
+1. Or stated differently in current terms, socially liberal and fiscally conservative.
Which, as noted above, in the eyes of a dyed in the wool liberal I am a right wing fascist.
I shouldn’t have stereotyped, I wouldn’t call you a hardcore conservative. Grim and clot either. Clot is def an anarchist. I don’t know his background story, but he is one pissed off guy at the system.
He is super intelligent, knows real estate like the back of his hand, so I don’t kjnow why he doesn’t take advantage. Everyone gets burnt on a deal here and there, but you can’t let it consume you. Pick yourself up and try again. I don’t know what kind of deal it was or anything about it, but I know it caused you to resent real estate. You are super smart, don’t waste it on being too negative.
And chifi, you are spot on with your financial advice, esp when it comes to college. If I ever hit the big time(lol lets go nhmd), I’m coming to you. You seem like lib, right down the middle. Some issues to the right, some to the left. I know I don’t know anywhere near what you know when it comes to finance, and I guess that’s what pisses you off with me. You already have learned from experience, and I’m still learning. So it pisses you off when I say something that you believe to be naive and completely wrong. Just understand I’m learning. Hell, I improved my writing because of this blog (know grammar is pet peeve of yours), so bear with me. Try not to get too mad, I have lots of learning to still do.
chicagofinance says:
December 17, 2015 at 3:29 pm
typical attitude of a liberal….anyone who isn’t a liberal bleeding heart is a “hardcore conservative”…….WTF?
The Great Pumpkin says:
December 17, 2015 at 12:11 pm
I don’t know why everyone thinks I’m so troll that is messing with everyone here. I’m being completely honest. I respect lib and the skills he brings to the table. Yes, I know this is a hardcore conservative board, but that’s why I love it. I’m in the middle, and debating and reading the thoughts of this board help me to have a very good grasp of both sides of the table. There is a reason I usually take the stance of the left on this board, it helps to spur debate. If I just agreed all the time, what would we really learn day to day?
Essex says:
December 17, 2015 at 10:46 am
18. Uh….I call fake praise….
And I know you guys are leagues ahead of me in intelligence. Why do you think I keep hanging around, I learn so much. I can’t find a group of people like this out in the real world. This blog is magnet for attracting highly intelligent individuals. The amount of knowledge dispensed on this blog is unreal.
Is joyce really a female? If she is, got damn she is smart. She should have been a lawyer, would have prob been one of the best in the country. Talk about always presenting evidence in such a clever manner. Going into a debate with Joyce, expect to be lose, she is that good.
I’m a southern democrat — a bluedog if you will….google it.
A blue dog with a red rocket?
Does anyone else cringe like I do when Pumps pays you a compliment?
Progressive liberal Democrats are the worst.
The ones from the Northeast anyway.
Southern ones aren’t terrible.
59. Sir your imagery is most foul…..it’s pink. The rocket. Pink.
Morgan Stanley announces it will cut 5% of its equities staff. They note that it isn’t part of a previously enacted downsizing.
They emphasize it was instead a ‘culling’ of less critical staff ‘based solely on performance’.
Guys, remind me, I forget the annual date that the underperforming public employees get their pink slips?
60.
Kind of like you need a shower after?
Can’t wait til Joyce gets hold of this one below. She’s going to rip his ba11s off, rightfully so. Or is it just fascists that make blatantly condescending sexist remarks?
What’s up Pumps, if she were a man her commentary wouldn’t be nearly as smart? Much of a different standard there?
“Is joyce really a female? If she is, got damn she is smart.”
IKEA (FlabMax Edition):
http://www.dailymail.co.uk/news/article-3362495/IKEA-forced-deny-selling-Swastika-shaped-table-named-lf-fake-photograph-sparks-outrage-Germany.html
Hahaha. At least they didn’t say it was first available, for a limited engagement only, in Poland….
“Fake photograph claimed to show a Swastika-shaped table in IKEA
The doctored photo shows the Hadølf table, claiming it’s available in Italy
IKEA was forced to deny that the table existed, after the image went viral”
Family Night at the movies (FlabMax Edition):
https://www.youtube.com/watch?v=3wMzPztPavs
65. Wow. The public bails out the banks. Banks rebound with record profits. Everyone is happy. BlankFein Especially. Yet you ask where are the public sector layoffs?
Gorman….BlankFein…..whatev. You get the point.
SX the point was accountability. I was blasted on here a while back when I said wall street annually fires its underperforming employees just because and everyone was like nfw. Has nothing to do with profits, bailouts or such. Simply that employees in the private sector are accountable.
Either argue 100% of teachers, cops, and firefighters are exceptional, show me where the bottom 5% are laid off annually, or admit to two different standards.
And btw you should know by now you can’t get a rise out of me over the bailouts since I am in the camp they should have been allowed to fail
bottom 5% are laid off annually
More than that for teachers. I worked in a school of about 100 teachers. We easily let 5 go a year. In other schools, its dozens. People focused too much on the slob that has had tenure and does nothing to ever pay attention to who gets laid off or who’s contract is not renewed.
72. Accountable? more like expendable .
But Ben…..it isn’t about letting go of 5 teachers…..it is about letting go of 5 teachers hopefully among 86-100 and then hiring 5 more that hopefully are of better quality……….I think the perception is that of the theoretical 5 let go, they might be those without tenure at 20, 40, 50, 60 & 70……which just sucks….
Ben says:
December 17, 2015 at 8:33 pm
bottom 5% are laid off annually
More than that for teachers. I worked in a school of about 100 teachers. We easily let 5 go a year. In other schools, its dozens. People focused too much on the slob that has had tenure and does nothing to ever pay attention to who gets laid off or who’s contract is not renewed.
Congress is scheduled to vote on a $1.1 trillion spending bill Friday that would avert a government shutdown until next October and fund almost all federal activities.
But like just about any bill in Congress, this one’s full of little goodies and pet projects that can have a big effect on medical research and health and science policies.
Here’s a look at some of the medical winners and losers:
Winners:
The National Institutes of Health is a big winner, getting a $2 billion, 6.6 percent funding increase, to $32 billion for 2016.
Planned Parenthood
The bill doesn’t defund the health provider, despite promises from many lawmakers to do just that.
Pandemic preparedness
Public health agencies get $72 million to prepare for a flu pandemic. This includes permission for the government to help private companies build new vaccine production facilities.
Food safety
The Food and Drug Administration gets $2.72 billion, $132 million more than last year. That includes a $104.5 million increase for food safety – almost the $110 million the agency says it needs to implement new rules to fight foodborne disease outbreaks that sicken 48 million Americans every year.
Antibiotic resistance efforts
The bill includes $375 million to various agencies to battle antibiotic resistant germs.
Mammograms
It renews a provision that requires Medicare and Medicaid to pay for mammograms for women starting at age 40, despite federal recommendations that the breast cancer screenings can wait until women are 50.
Stray pets
USDA may not license “class B dealers who sell dogs and cats for use in research, experiments, teaching, or testing.” The provision is aimed at brokers believed to haunt animal shelters looking to sell unwanted pets for medical research.
Losers:Obamacare
The bill is full of digs at the Affordable Care Act, commonly referred to as Obamacare. It delays the so-called Cadillac tax on the most generous health insurance plans, costing the government an estimated $87 billion in revenue from 2018, when it was supposed to kick in, through 2025.
It also holds up a tax against medical devices, which device makers have been fighting against for years. And it slashes money for risk corridors, which compensate insurance companies that get stuck with sicker-than-expected patients. Insurance companies had insisted on this provision in return for the health care law’s requirement that they take all comers, no matter how sick they are.
Dietary guidelines
The joint USDA/FDA food guidelines, which come out every five years, were due by the end of December. The bill holds that up after a big fight over an advisory panel’s recommendations that included limiting salt, eating less meat and, most controversially, eating a plant-based diet that protects the environment. Now the agencies cannot release their guidelines until they can show they are “based on significant scientific agreement; and … limited in scope to nutritional and dietary information”.
Salt limits
Congress is preventing the Agriculture Department from putting into effect any rule cutting sodium levels in federally provided meals “until the latest scientific research establishes the reduction is beneficial for children.”
Menu labels
The FDA delayed its plan to require restaurants to add calorie counts to menus. The bill makes sure the calorie counts stay off menus for now.
Gene editing
Some members of Congress were horrified by reports about an easier way to genetically modify plants and animals called gene editing. The bill specifically prohibits FDA from even looking at a plan to genetically modify a human embryo. Experts say this effectively bars even a private company from trying to market such a treatment since it would need FDA approval if it were used on an embryo intended to create a pregnancy. It wouldn’t stop privately funded lab research, however.
Gun research
“None of the funds made available in this title may be used, in whole or in part, to advocate or promote gun control,” the bill reads. Health agencies such as the Centers for Disease Control and Prevention have taken this over the yearsas a warning not to undertake any research on gun deaths.
FDA won’t be able to allow the sale of genetically modified salmon until it has a plan for labeling the fish. And out of FDA’s budget “not less than $150,000 shall be used to develop labeling guidelines and implement a program to disclose to consumers whether salmon offered for sale to consumers is a genetically engineered variety.” When FDA approved GM salmon last month it said companies didn’t have to label it, provoking the fury of anti-GMO groups
But Ben…..it isn’t about letting go of 5 teachers…..it is about letting go of 5 teachers hopefully among 86-100 and then hiring 5 more that hopefully are of better quality……….I think the perception is that of the theoretical 5 let go, they might be those without tenure at 20, 40, 50, 60 & 70……which just sucks….
Hard to attract quality teachers when most districts refuse to open up the pocketbooks. They want to start everyone out at 45k. The try to hire new kids, 21, straight out of undergrad, 45-50k and hope for the best. 1st year is always rough. After that, by year 2, if they are solid, they are good to go. If not, they are likely helpless and will get fired. Nothing wrong with new young teachers, but it’s hit or miss.
The schools are pretty competitive in swiping up the teachers out of undergrad very rapidly. After that, you have to pick from the litter of fired teachers or outsiders looking to enter the field. Fired teachers are usually a crapshoot. Outsiders are hit or miss. Ironically, the fresh meat 21 year old teachers are in high demand, yet are brought in at rock bottom because they don’t know any better.
Pumps, I know personally a good number of people on this board, and I would hardly describe them as hard core conservatives. I also know some hard core conservatives and they would either sneer at this group or politely disagree, depending on whether they were inside or outside of the Beltway.
No, everyone is not happy.
Essex says:
December 17, 2015 at 7:21 pm
65. Wow. The public bails out the banks. Banks rebound with record profits. Everyone is happy. BlankFein Especially. Yet you ask where are the public sector layoffs?
This isn’t junk
This is just an great blog u have. I think I will come back if you post some more of the specific information. Many thanks for publishing the info.