Take one full-time job, divide it in half, and the result is two part-time jobs. This explains recent statistics showing increased jobs.
Still waiting for the second-quarter Gross Domestic Product (GDP) numbers. What is taking so long? They have sophisticated computers now.
The first quarter GDP (January – March) got re-evaluated eventually to minus 2.9 percent. It started off as a slight gain but got re-calculated downward. My guess is second quarter GDP will at first show a slight gain but be later recalculated as negative. They will do this to hide recession: two quarters of negative GDP equals recession.
Writing for Business Insider, Mamta Badkar says trade deficit data does not bode well for Q2 GDP. (Here’s Some Bad News For Q2 GDP, Business Insider, July 3, 2014.)
The Russia Today network has been reporting sickening scenes from eastern Ukraine. After the February 2014 coup d’etat in Kiev, Russian President Vladimir Putin promised to protect the Russian-speaking peoples of eastern Ukraine. Partly emboldened by Putin’s promise, the provinces of Lugansk and Donetsk democratically voted to declare independence from Ukraine. The so-called Kiev government began sending in troops to east Ukraine. Things have since escalated until now it makes you want to cry what is happening to civilians in east Ukraine.
So where is Vladimir Putin and his promise of protection? First the Russian President promised to protect the east Ukrainians. Partly emboldened by this promise, Lugansk and Donetsk declared independence. Now the Russia Today network shows civilians being slaughtered. There are even rumors of summary executions of suspicious persons. Russian reporters are being killed while bravely providing on-the-scene coverage. And what does Vladimir Putin do? He changes his mind! “Sorry about that, you people of Lugansk and Donetsk,” says Putin. “But this is a plot to lure me in.”
Meanwhile beguiling babes from Russia Today show video of crying old persons and dead babies. RT reporters look with soulful eyes at viewers, like this is our fault! There are some fine reporters with Russia Today. Two of them, Maria Finoshina and Paula Slier, would be receiving prestigious journalistic awards in a fairer world. But how about turning those soulful eyes towards Vladimir Putin, who reneged on his promise of protection?