Most major news outlets are reporting that the unemployment rate in the US has risen to 9.5% for the month causing stocks to fall across the board. Forbes is reporting that in the past month 467,000 nonfarm jobs were cut, a slightly higher number than was expected. To make matters worse the average workweek dropped from 33.1 in May to 33 average hours in June indicating that many US workers are underemployed. Energy stocks have been the hardest hit following the news that crude oil prices had plummeted $2.34 to $66.97. Analysts continue to push an optimistic outlook stating that companies may not start hiring anytime soon but American consumerism will eventually cause a turnaround.
The Air France flight that crashed into the Atlantic Ocean on June 1st appears to have broken upon impact, not before as previously theorized. Flight AF447, an Airbus 330, crashed into the ocean killing all 228 passengers. Life jackets found at the point of impact were not inflated indicating that the passengers were caught completely off guard. The flight, which took off from Rio de Janeiro, was set to land in Paris, France. The flight was missing for six hours before air traffic controllers finally noticed its absence. From evidence at the scene it has been determined that Flight AF447 had a strong vertical acceleration and broke apart on impact. There were no recorded distress calls.
United States Vice President Biden has landed in Baghdad today. VP Biden’s three day trip was previously unannounced for unknown reasons. Biden is said to be meeting with Iraqi leaders as well as US troops and commanders in order to coordinate the Obama administration’s plan to withdraw all troops out of Iraq by 2012. “This is a moment when we have to make sure that the Iraqis don’t take their eye off the ultimate prize,” Biden said.
CNN is reporting that North Korea has fired four short-range missiles off of its east coast Thursday. South Korea’s Defense Ministry has confirmed three out of the four launches and is expected to do the same for the last. U.S. officials warn that South Korea should cease and desist such actions which are considered borderline hostile. Intelligence reports state that no long-range missile tests are scheduled.
California’s controller office is preparing to print thousands of IOUs for the first time in 17 years. The news comes as no surprise as California’s cash is all but gone. Governor Schwarzenegger has declared a state of fiscal emergency prompting the printing of all 28,742 IOUs which are estimated to total $53.3 million dollars. Most of the IOUs are being sent to residents who are awaiting their tax refunds. The IOUs are set to print at 2 PM today.
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The Nightmare WAY Before Christmas
July 29th, 2009I went on an innocent shopping spree this past weekend with the intention of buying myself something nice in celebration of some personal victories. Little did I know that this particular day of shopping would be, at best, nightmarish. Sure, I enjoyed myself, even bought exactly what I wanted despite an overzealous sales associate. But what bit the day in the ass was something I saw at a major department store. What I saw was so out of place, so inappropriate, so…wrong.
I saw Christmas decorations, in July.
I’m not anti-Christmas by any means. I have been known to enjoy the season with the proverbial cocktail and candy cane in hand. But that has always been when the weather has reached below 60. As it is, it hasn’t even fallen below 80. So when I walked into the perfume and makeup department to be assaulted with shiny red garland hung around the counters like bunting, I had to do a mental check that I hadn’t blacked out and missed the last three months of my life.
There atop the various counter islands were small green gnome sized trees baring silver globes with red accents. True to advertising standards since the late 90’s, there were no mangers with babies surrounded by farm animals. There were no images of Jesus. But make no mistake, this was a Christmas display.
Once the initial shock wore off and I unclenched my jaw, I let the horror of the scene filter through and I began to question why any national company would okay such a drastic raping of the yearly calendar’s fixed holiday schedule. The answer was clear immediately: People spend more money when the holidays roll around. So, why not make them think that stockings and snow are just around the corner? Perhaps the average American won’t do the simple math in their head and notice the marketing ploy at their feet? Sadly, this is probably true.
I guess that is the real reason I’m fuming over this Christmas marketing ploy. It’s a form of mental warfare. It’s a subliminal attempt to trick the lower and middle classes into spending cash and credit they don’t have and shouldn’t be using on frivolous expenses. I, myself, was a little leery of spending any of my money on such things. I pity anyone who falls for this deceitful marketing ploy because it will backfire when it counts the most.
Consider the possibility that a low-earning family sees the covert decorations and falls for the effects. They get into a cheery mood and start noticing all of the little pretties around the store. Money is low, jobs are perilously dangling, but hey, as long as there is money for food, gas and water, surely what meager amount is left over can be used to keep the smiles on everyone’s beaming little faces. Just buy something; it’ll make all your troubles go away. Don’t have the cash? Charge it! It isn’t like you will see it on your statement until the next month.
But what if you get a flat tire? What if a pipe bursts? What if someone gets sick and needs medication? The visit to the doctor alone will drain your account of at least $100, with or without insurance. Americans have been trained to follow the instant-gratification rule. Why wait when you can have it now? It looks like Christmas in the store. So, why not indulge in a little Christmas joy right here, right now?
At the end of the day, putting Christmas half a year early is in a way robbing us of the actual holiday. It’s exploitation of the worst kind. Going out and helping a major corporation’s bottom line might look good as the next round of quarterly earnings hit the market. But if the money is gone when the most important period in the American economy sneaks up on us, how will those numbers reflect the current state of our finances? Using such blatant trickery paints a very nasty color on all of us and takes away that magic in Santa’s smile. In fact, it makes it just a little bit menacing, knowing and threatening. Those little trees with shiny bobbles surrounded in glittery red garland in July are the real Nightmare Before Christmas.
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Tags: American Christmas Commentary consumer consumerism decorations department store economics evil gay rights July money Nightmare Before Christmas Santa shopping unemployment