Tuesday, February 04, 2014

Economy

Disney shuts down subsidiary, lays workers off.

Dell to lay off over 15,000.

Organized retail theft called an epidemic. Funny how all the bad things government is supposed to protect us from seem to be epidemics.

Obamacare to effectively end 2 million jobs. Here's a more direct article.
"A historically high number of people will be locked out of the workforce by 2021, according to a report by the Congressional Budget Office released Tuesday.
President Barack Obama's signature health-care law will contribute to this phenomenon, the CBO said, citing new estimates that the Affordable Care Act will cause a larger-than-expected reduction in working hours—eliminating the equivalent of about 2.3 million workers in 2021.

In 2011, the CBO estimated the law would cause a reduction of about 800,000 full-time equivalent workers."
Oops. CBO blows up on Obamacare.

Obama ignores Obamacare concern from fry-cook who got his hours cut because of Obamacare.

Global stock markets lost $3 trillion in illusionary wealth in the last two weeks. It looks like, as I feared, the crash has started.

Pilot shortage. These problems created by government intervention never end.

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