This is a helluva lotta snow:
The snow is still falling with more than 5 feet already on the ground, and some areas south of the city are expected to get a year’s worth of snow — almost 6 feet — in just three days. Temperatures in all 50 states fell to freezing or below overnight.
The national snowfall record for a 24-hour period is 76 inches, set in Silver Lake, Colo., in 1921. Some Buffalo suburbs approached that amount on Tuesday, the National Weather Service reported. It’s possibly the highest 24-hour snow in a populated area.
The cold spread across most of the eastern half of the U.S. on Wednesday morning; record cold was reported in New York City, Washington, D.C., and as far south as Jacksonville, Fla.
Now for another snow job. Policy makers, including the FED, consider an unemployment rate of between 5.2% and 5.5% to be “full employment.” That rate will be reached in June of 2015. [Cool that they know that isn’t it?] The FED’s charter gives it three tasks; to maximize employment, to keep prices stable, and to keep long-term interest rates moderate. The current FED policy is to keep unemployment relatively high (at between 5.2% and 5.5%) in order to keep wages low (all new profits resulting from increased worker productivity have gone to the top 10%) so that there is no increase in inflation ( kept at 2% or less). The biggest driver of inflation is higher wages for workers. Chairperson Janet Yellen is a contemptible shill of the Big Banks and investment bankers who doesn’t give a damn about American workers.
Im, of all your hundreds of off-topic digressions, this one may be the most blatantly egregious.
What you say may well be true, but it is totally irrelevant to this topic.
If you want to control the content of the discussion, it’s easy to start your own blog.
I’d probably read it myself.
“To have a grievance is to have a purpose in life.” Coren.