Apropos Quote: The most formidable weapon against errors of every kind is reason. - Thomas Paine

In my column "Why America Doesn't Need a CEO" a few weeks ago, I discussed why Mitt Romney's experience as CEO of private equity firm Bain Capital may not give him the right credentials for the White House. Based on reader feedback, I want to expand on this, specifically in the context of Bain.

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Web Sourced News - Round Up of News From the Web


MERCED, Calif. With her anti-poverty budget stretched beyond its limits, Brenda Callahan-Johnson is braced for next Saturday: the day California's chronically unemployed will be cut off from the nation's jobless benefits.

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Web Sourced News - Round Up of News From the Web


The economy has stalled.

Employers added only 115,000 new jobs, down from March’s number (the Bureau of Labor Statistics revised the March number upward to 154,000, but that’s still abysmal relative to what’s needed).

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Web Sourced News - Round Up of News From the Web

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Latest Comments

  • Phyllis Lesley
    I was approved for eb which would have been my final 20 weeks I am seeking as have been any employment. it is sad when you can't even get the minimum paying jobs ...

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  • C CALHOUN
    I live in Texas and have just had my Tier IV benefits (13 weeks) "triggered off" as of May 12th. Everyone that I know is unemployed. I don't know where the state ...

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  • Jessica
    There is also another company who has had their name stolen, Hostmonster INC, a legit web-hosting company has had their name stolen. They are the newest victims ...

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  • cam
    Walker in WI can twist the numbers however he likes-but the reality is this...since walker's coming into office, over 30,000 WI jobs have been lost--and now ...

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  • ernie s
    ..so i called Colorado unemployment and they said "Yes" for Federal Extended benefits...i will let you know..

    Read more...

Congress, what part of this don't you understand?

NoJob Story #1909: "I am 61 years old and have been out of work for 2 years. I have a BSCE in Civil Eng'g., a PE license and an MBA. I have worked and paid taxes since I was a teen. Nobody looks at my resume after seeing my age.  ..."

Contact your local Congressperson -- passionately tell them YOUR story.

Minimum Wage

Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.

And why does Germany's Manufacturers do so well?

Tax Cuts Will NOT Help The Unemployed

With corporations already awash in cash, tax cuts won’t get them to start hiring people. The Washington Post quotes Zachary Karabell, president of River Twice Research: "There's not a whole lot that you could do to entice companies to hire. You could cut taxes on them, but they're not going to hire just because they have the extra cash, because they already have the extra cash."

BLS Jobless Numbers

  • 12.5 million - unemployed,
  • 14.5%(U6) - out of work,
  • 5.1 million (41%) 6 months or longer,
  • 7.9 million "involuntary" partime workers,
  • Over 4 million for a year, (WSJ)
  • 2.0  million over 99 weeks, the 99ers!
  • 4.7 jobless for every job. EPI
  • 91,000 unemployed become 99ers every week.
~ U.S. April 2012 -Bureau Labor Statistics
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