AuthorTopic: The “Gig Economy”  (Read 6278 times)

Offline azozeo

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Basic Income Flash Mob set for 9/21/19 N.Y. Shitty !
« Reply #60 on: July 14, 2019, 09:47:56 AM »

New Yorkers are organizing a march for Basic Income. Everyone who can get there is invited to join.
All the Basic Income March is set for September 21, 2019. More information about it is available at www.basicincomemarch.com. It might be accompanied by Basic Income Marches in other cities on the same day. The march can receive donations that are 100% tax deductible through its sponsor, the Keith Institute. If you’d like to volunteer to help with the even, contact the organizers at their website.
This march marks a significant milestone in the growth of the Basic Income movement, especially to those of use who remember the 1990s when it seemed no one was interested. Every year for the past ten years or so the growth of the Basic Income movement has surprised me.

Unfortunately, I’ll be out of the country at the time, but I hope all my friends in New York and maybe the whole USA can participate.

–Karl Widerquist, Angers, France, July 12, 2019



https://basicincome.org/news/2019/07/a-march-for-basic-income-will-take-place-in-new-york-city-september-21-2019/
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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Re: Basic Income Flash Mob set for 9/21/19 N.Y. Shitty !
« Reply #61 on: July 14, 2019, 09:55:04 AM »

New Yorkers are organizing a march for Basic Income. Everyone who can get there is invited to join.
All the Basic Income March is set for September 21, 2019. More information about it is available at www.basicincomemarch.com. It might be accompanied by Basic Income Marches in other cities on the same day. The march can receive donations that are 100% tax deductible through its sponsor, the Keith Institute. If you’d like to volunteer to help with the even, contact the organizers at their website.
This march marks a significant milestone in the growth of the Basic Income movement, especially to those of use who remember the 1990s when it seemed no one was interested. Every year for the past ten years or so the growth of the Basic Income movement has surprised me.

Unfortunately, I’ll be out of the country at the time, but I hope all my friends in New York and maybe the whole USA can participate.

–Karl Widerquist, Angers, France, July 12, 2019



https://basicincome.org/news/2019/07/a-march-for-basic-income-will-take-place-in-new-york-city-september-21-2019/


RE,

Load up the cripple cart wagon. They Be flash mob events to attend. Loads of hungry & thirsty folks to cook for.

Any recipes for alien sushi  :icon_mrgreen:
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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Re: Basic Income Flash Mob set for 9/21/19 N.Y. Shitty !
« Reply #62 on: July 14, 2019, 01:52:09 PM »

New Yorkers are organizing a march for Basic Income. Everyone who can get there is invited to join.
All the Basic Income March is set for September 21, 2019. More information about it is available at www.basicincomemarch.com. It might be accompanied by Basic Income Marches in other cities on the same day. The march can receive donations that are 100% tax deductible through its sponsor, the Keith Institute. If you’d like to volunteer to help with the even, contact the organizers at their website.
This march marks a significant milestone in the growth of the Basic Income movement, especially to those of use who remember the 1990s when it seemed no one was interested. Every year for the past ten years or so the growth of the Basic Income movement has surprised me.

Unfortunately, I’ll be out of the country at the time, but I hope all my friends in New York and maybe the whole USA can participate.

–Karl Widerquist, Angers, France, July 12, 2019



https://basicincome.org/news/2019/07/a-march-for-basic-income-will-take-place-in-new-york-city-september-21-2019/


RE,

Load up the cripple cart wagon. They Be flash mob events to attend. Loads of hungry & thirsty folks to cook for.

Any recipes for alien sushi  :icon_mrgreen:


45 better bring all the troops home. We aMerikans have not 1 but 3 national crisis on our home turf.

1) The border issue.

2) N.Y. Shitty flash mob in Sept.

3) Dopey white kids chasin' lil' green men in the Mohave in Summertime. You can't make this shit up.
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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How long can the stock market possibly stay completely disconnected from economic reality?

On Monday, the Dow Jones Industrial Average rose just 27 points, but that was good enough to push it to yet another new all-time record high.  Investors have been absolutely thrilled by the extremely impressive bull run that we have witnessed so far in 2019, but there is no way that this is sustainable.  Wall Street may be celebrating for the moment, but meanwhile all of the hard economic numbers are telling us that we have now entered a new economic slowdown.  Just like in 2008, it appears to be inevitable that the party on Wall Street is about to hit a brick wall, but nobody should be surprised when it happens.  Everywhere around us there are signs of economic trouble, and right now companies are literally shutting down all over America.


https://www.zerohedge.com/news/2019-07-16/wall-street-celebrates-soaring-stocks-companies-are-literally-shutting-down-all
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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Something Just Broke in China, Repo Man Rate Soars to over 1000%
« Reply #64 on: July 19, 2019, 05:43:56 PM »


Ever since the unexpected failure of China's Baoshang Bank in late May, which caused a freeze in the interbank market among smaller, less credible (and government backstopped) banks, and which sent rates on Negotiable Certificates of Deposit (NCDs), various bank bonds and assorted report rates sharply higher...

investors have fretted that China appears on the verge of a "Lehman moment", where wholesale interbank liquidity and overnight funding markets suddenly lock up. The reason for this, as we explained last month, is that China’s short-term lending market for banks and other financial institutions has for years operated under the assumption that Beijing wouldn’t allow big losses in the event of defaults or insolvencies (hence the reason why Baoshang's failure was a shock). That confidence has been shaken by regulators’ unusual public takeover of the troubled Chinese bank near Mongolia last month, and the even more stunning public admission by the central bank that "not all of Baoshang Bank’s liabilities would necessarily be guaranteed."

“Bank failure always causes greater concern given systemic fears," said Owen Gallimore, head of credit strategy at Australia & New Zealand Banking Group, suggesting greater pressure on the private sector ahead.

https://www.zerohedge.com/news/2019-07-19/something-just-broke-china-repo-rate-soars-1000-overnight
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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$49,000,000,000,000.00 in derivatives, as meltdown begins
« Reply #65 on: July 26, 2019, 10:29:03 AM »


Could it be possible that we are on the verge of the next “Lehman Brothers moment”?

Deutsche Bank is the most important bank in all of Europe, it has 49 trillion dollars in exposure to derivatives, and most of the largest “too big to fail banks” in the United States have very deep financial connections to the bank.  In other words, the global financial system simply cannot afford for Deutsche Bank to fail, and right now it is literally melting down right in front of our eyes.  For years I have been warning that this day would come, and even though it has been hit by scandal after scandal, somehow Deutsche Bank was able to survive until now.  But after what we have witnessed in recent days, many now believe that the end is near for Deutsche Bank.  On July 7th, they really shook up investors all over the globe when they laid off 18,000 employees and announced that they would be completely exiting their global equities trading business…
Why Credit Derivatives Are Losing Some of Their Mojo

https://www.zerohedge.com/news/2019-07-20/bank-49-trillion-derivatives-exposure-melting-down-our-eyes
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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“Gig Economy” - US labor shortage, explained
« Reply #66 on: August 16, 2019, 06:13:28 AM »

More Americans are quitting their jobs than ever.

By Alexia Fernández Campbell

The US economy doesn’t have enough workers.

For a record 16 straight months, the number of open jobs has been higher than the number of people looking for work. The US economy had 7.4 million job openings in June, but only 6 million people were looking for work, according to data released by the US Department of Labor.

This is not normal. Ever since Labor began tracking job turnover two decades ago, there have always been more people looking for work than jobs available. That changed for the first time in January 2018. Just look at the chart below.



https://www.vox.com/2019/8/12/20801941/us-labor-shortage-workers-quit


This article goes along with RE's post yesterday of Homo Sushi leaving The Great State of Ak.....
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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Re: The “Gig Economy”
« Reply #67 on: August 21, 2019, 08:22:09 PM »

By Brandon Smith

One thing that is important to understand about the mainstream media is that they do tell the truth on occasion. However, the truths they admit to are almost always wrapped in lies or told to the public far too late to make the information useful.   Dissecting mainstream media information and sifting out the truth from the propaganda is really the bulk of what the alternative media does (or should be doing).  In the past couple of weeks I have received a rush of emails asking about the sudden flood of recession and economic crash talk in the media.  Does this abrupt 180 degree turn by the MSM (and global banks) on the economy warrant concern?  Yes, it does.

The first inclination of a portion of the liberty movement will be to assume that mainstream reports of imminent economic crisis are merely an attempt to tarnish the image of the Trump Administration, and that the talk of recession is “overblown”.  This is partially true; Trump is meant to act as scapegoat, but this is not the big picture.  The fact is, the pattern the media is following today matches almost exactly with the pattern they followed leading up to the credit crash of 2008.  Make no mistake, a financial crash is indeed happening RIGHT NOW, just as it did after media warnings in 2007/2008, and the reasons why the MSM is admitting to it today are calculated.

Before we get to that, we should examine how the media reacted during the lead up to the crash of 2008.


https://www.activistpost.com/2019/08/the-real-reasons-why-the-media-is-suddenly-admitting-to-the-recession-threat.html
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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“Gig Economy” - 28 Signs of Economic Doom
« Reply #68 on: September 03, 2019, 04:54:10 PM »

Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now.  Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”.  After several years of relative economic stability, things appear to be changing dramatically for the U.S. economy and the global economy as a whole.  Over and over again, we are seeing things happen that we have not witnessed since the last recession, and many analysts expect our troubles to accelerate as we head into the final months of 2019.

We should certainly hope that things will soon turn around, but at this point that does not appear likely.  The following are 28 signs of economic doom as the pivotal month of September begins…


http://theeconomiccollapseblog.com/archives/28-signs-of-economic-doom-as-the-pivotal-month-of-september-begins
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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Is the Fed Preparing to Topple the US Dollar?
« Reply #69 on: September 04, 2019, 10:50:58 AM »

Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now.  Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”.  After several years of relative economic stability, things appear to be changing dramatically for the U.S. economy and the global economy as a whole.  Over and over again, we are seeing things happen that we have not witnessed since the last recession, and many analysts expect our troubles to accelerate as we head into the final months of 2019.

We should certainly hope that things will soon turn around, but at this point that does not appear likely.  The following are 28 signs of economic doom as the pivotal month of September begins…


http://theeconomiccollapseblog.com/archives/28-signs-of-economic-doom-as-the-pivotal-month-of-september-begins


 Global Research

Unusual remarks and actions by the outgoing head of the Bank of England and other central banking insiders strongly suggest that there is a very ugly scenario in the works to end the role of the US dollar as world reserve currency. In the process, this would involve that the Fed deliberately triggers a dramatic economic depression. If this scenario is actually deployed in coming months, Donald Trump will go down in history books as the second Herbert Hoover, and the world economy will be pushed into the worst collapse since the 1930s. Here are some elements worth considering.

Bank of England speech

https://www.globalresearch.ca/is-fed-preparing-topple-us-dollar/5687786
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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“Gig Economy” BofA says... The Big Top is Comin' Down
« Reply #70 on: September 06, 2019, 09:52:57 AM »

A Bank of America strategist is warning that we should enjoy 2019 right now, while we still can.  A note led by top strategist Michael Hartnett says investors will have to grapple with the long-running bull market as it limps into 2020 because the “big top is coming down.”

“We are bullish on risk assets in 2019 as bearish investor sentiment and the irrationality of central banks and bond markets allow an ‘overshoot’ in credit and equity prices,” he wrote. “We are bearish on risk assets in 2020 as recession/policy impotence/bond bubble risks induce Big Top in credit and equities.”

“The 2020s are likely to witness a more forceful attempt to create inflation,” he said. “Even the slightest sign of success will lead to dramatic rotation… away from the deflationary winners of the 2010s to the inflationary losers.” But Hartnett says stocks could still rise too.




https://www.activistpost.com/2019/09/bank-of-america-warning-the-big-top-is-coming-down.html
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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What Just Happened “Has Only Occurred On Two Days In History”
« Reply #71 on: September 11, 2019, 02:41:37 PM »


To those who read, and took heed of, last week’s Quant Insights report by Citi, which cautioned that Price Momentum and Low Beta outperformed while Value underperformed most in August as the equity market turned to risk-off again, that Low Beta (Low Vol) had become the most crowded factor in the U.S. because of its historically high valuation and macro risk exposure, and that Short interest continues to build up in high beta stocks…


https://www.zerohedge.com/markets/kolanovic-what-just-happened-has-only-occurred-two-days-history
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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Mainstream Media Claims Middle Class Isn’t Shrinking
« Reply #72 on: September 26, 2019, 11:15:41 AM »

Mainstream Media Claims Middle Class Isn’t Shrinking (By Redefining What It Means To Be ‘Poor’)

09/23/2019

Authored by Michael Snyder via The Economic Collapse blog,

If you ask the mainstream media, they will tell you that about half the country is still middle class.  In fact, a CNBC article that just came out says that “52% of American adults live in ‘middle class’ households”.  Of course that is down from 61 percent in 1971, but considering everything we have been through in recent years, that still looks pretty good.  But is it the truth?  In the end, it all comes down to how you define “the middle class”.  If I defined the middle class as anyone that makes from zero dollars to a trillion dollars a year, then 100 percent of Americans would be considered “middle class” by that definition.  So we can’t just look at the final number they give us.  Instead, we have to dig deeper and find out how they came up with the number in the first place.

The larger the household, the more income it takes to sustain a middle class lifestyle.  And according to CNBC, the definition of a “middle class household” is extremely broad at every household size…

    Household of one: $26,093 to $78,281
    Household of two: $36,902 to $110,706
    Household of three: $45,195 to $135,586
    Household of four: $52,187 to $156,561
    Household of five: $58,347 to $175,041

If you are single person and you are making just $26,000 a year, there is no way that you should be considered part of “the middle class”.

    First of all, there is no way that you would be able to buy a home in most major U.S. cities these days, and home ownership has always been considered to be one of the key hallmarks of the middle class.

    Secondly, $26,000 a year breaks down to just a little over $2,000 a month before taxes.  After paying for rent, health insurance and a little bit of food, there wouldn’t be any money left.

You can define that as a “middle class lifestyle” if you want, but I sure don’t.

Over the past decade, the cost of living has increased at a far faster pace than our paychecks have.  As a result, many Americans that used to live middle class lifestyles are no longer able to do so.

Health insurance is just one example.  Thanks to Obamacare, health insurance premiums have absolutely skyrocketed, and this is financially crippling families all over the nation.  In addition to health insurance, here are just a few of the other expenses that average American families must pay on a regular basis…

    -rent or mortgage payment

    -the power bill

    -the water bill

    -food

    -phone

    -Internet

    -vehicle payment(s)

    -gasoline

    -vehicle repairs

    -car insurance

    -dental bills

    -home or rental insurance

    -life insurance

    -student loan debt payments

    -credit card payments

    -furniture, clothing and other necessities

If you are making just two or three thousand dollars a month before taxes, there is no way that you can cover all of that.

So I am sorry, but the way that CNBC is defining “the middle class” is just wrong.

Considering everything that I have just discussed, it should not be surprising to learn that a survey conducted earlier this year found that 78 percent of Americans are living paycheck to paycheck at least part of the time.

And if you are living paycheck to paycheck, there is a really good chance that you are not middle class.

Of course another major factor is geography.  If you live in a very expensive coastal city like New York or San Francisco, it has been estimated that it now takes approximately $350,000 a year to be part of the middle class…

    Here’s a sad reality: In order to raise a family in an expensive coastal city like San Francisco or New York, you’ve now got to make $350,000 or more a year.

    You can certainly live on less, but it won’t be easy if your goal is to raise a family, save for your children’s education, save for your own home and save for retirement (so you can actually retire by a reasonable age).

When I was growing up, I thought that if someone was making $50,000 a year that person really had it made.

But these days $50,000 a year will barely get you above poverty level depending on the size of your household and where you live.

In a desperate attempt to maintain a middle class lifestyle when their incomes don’t really allow for it, many Americans are going into shocking amounts of debt.  And these days even our young adults are piling on debt as if tomorrow will never come…

    Millennials carry an average of $27,900 in debt, not including mortgages, according to new data released today by Northwestern Mutual. Gen Z, the oldest of whom are now 22 years old, have an average debt of $14,700.

    Having sizable debt at a young age “is the new normal,” said Chantel Bonneau, wealth management advisor at Northwestern Mutual. “There are lots of people who exit school, and before they start their first job, have debt. That is a different situation from 30 years ago.”

But when you pile on too much debt, it can become financially suffocating very quickly, and many of our young people actually report becoming “physically ill” from worrying about it so much…

    About 45% of millennials and 43% of Gen Z reported feeling guilty about their debt at least every month — more than other age groups. But debt is a major stressor across age groups. One-fifth of all respondents said their debt made them physically ill at least monthly, 45% said it made them anxious at least monthly, and 35% said they felt guilty once a month or more.

Overall, U.S. households are now over 13 trillion dollars in debt, and one of the primary reasons why we have accumulated so much debt is because most of us want to live lifestyles that we haven’t really earned.

We are also facing record levels of corporate debt, local government debt, state government debt and federal government debt.  And when this debt bubble bursts, it will completely destroy our system.

We have entirely mortgaged our future for short-term gain, and we are so proud whenever the short-term economic numbers tick up a little bit.

But in the process we have completely destroyed the future for every generation of Americans that was supposed to come after us, and that is not something to smile about at all.





https://www.zerohedge.com/personal-finance/mainstream-media-claims-middle-class-isnt-shrinking-redefining-what-it-means-be
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline azozeo

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53 Million Americans Drowning In Cycle Of Low-Wage Work
« Reply #73 on: November 10, 2019, 01:51:01 PM »


It’s the “Greatest Economy Ever,” right? Well, it depends on who you ask.

For instance, a new report sheds light on 53 million Americans, or about 44% of all US workers, aged 18 to 64, are considered low-wage and low-skilled.

Many of these folks are stuck in the gig economy, making approximately $10.22 per hour, and they bring home less than $20,000 per year, according to a Brookings Institution report.

An overwhelmingly large percentage of these folks have insurmountable debts if that are student loans, auto loans, and or credit card debt. Their wages don’t cover their debt servicing payments as their lives will be left in financial ruin after the next recession.

While the top 10% of Americans are partying like it’s 1999, most of whom own assets, like stocks, bonds, and real estate, are greatly prospering off the Federal Reserve’s serial asset bubble-blowing scheme and President Trump’s stock market pumping on Twitter.

Today’s artificial economy isn’t working for everyone as the wealth inequality gap swells to crisis levels.


https://www.zerohedge.com/personal-finance/53-million-americans-drowning-cycle-low-wage-work
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

 

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