New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices clumbed faster than expected in March, government reports showed on Thursday.So, how long before the collapse and the "second dip" of the now almost certain double-dip recession?
Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000, the Labor Department said.
ASIDE:::I think it’s great! Can’t wait until gas gets to $5! That’s when you’ll see Pres. Obama kick off a re-election clincher: a government subsidized home-buying program so that poor schleppers like me will be able to purchase a home! Trump will be out on his rich keester!The LA times has a great article offering up the best remedy for the price of gas... here'a a snippet:
"Officials are quietly working on just how steeply to require the auto industry to cut emissions and increase mileage in the next generation of cars, SUVs and pickups. Their decision, coming as early as May, could require dramatically cleaner vehicles that would cut carbon dioxide emissions by as much as 6% a year and average 62 miles per gallon. The new rules would be phased in from 2017 to 2025."But even the LA times has been fooled. The discontinued Honda Insight got 70mpg. Toyota Echo around 50mpg. In the mid-80's a Chevy GEO mini-station wagon with a 3cyl engine got 60mpg. GM also deliberately (as I have pointed out time after time) killed the EV1 electric ar so it could build ghetto-Hummers instead. This high-mileage stuff could have been done 10 years ago.
ANOTHER POV ::: How to have Gas at $1.50/Gallon and do good for the Environment and our Health too:::
1- Do what China is doing, which is to operate all the Top energy companies on Nationalize basis. As a result of which Chinese Government subsidies the price of Gas so that Chinese pay MAXIMUM of $1.50 per Gallon. This would be the same as if US Government Nationalized Exxon, Chevron, Texaco, etc. and took the $100s of Billions of Dollars in profit that these companies make per Year, and their $30Mill per year salaries and multiple $50Mill private Jets for their top brass, and passed these SAVINGS to American people/businesses by subsiding Gas to be $1.50 per Gallon...(more)