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Archive for January 22, 2011

More than a million immigrants land U.S. jobs

January 22, 2011 Comments off

Stepped-up enforcement is not deterring trend of foreign-born employment

DALLAS — Over the past two years, as U.S. unemployment remained near double-digit levels and the economy shed jobs in the wake of the financial crisis, over a million foreign-born arrivals to America found work, many illegally.

Those are among the findings of a review of U.S. Bureau of Labor Statistics and Census Bureau data conducted exclusively for Reuters by researchers at the Center for Labor Market Studies at Northeastern University in Boston.

Often young and unskilled or semi-skilled, immigrants have taken jobs Americans could do in areas like construction, willing to work for less wages. Others land jobs that unemployed Americans turn up their noses at or lack the skills to do.

With a national unemployment rate of 9.4 percent, domestic job creation is at the top of President Barack Obama’s agenda and such findings could add to calls to tighten up on illegal immigration. But much of it is Hispanic and the growing Latino vote is a key base for Obama’s Democratic Party.

Many of the new arrivals, according to employers, brought with them skills required of the building trade and found work in sectors such as construction, where jobless rates are high.

“Employers have chosen to use new immigrants over native-born workers and have continued to displace large numbers of blue-collar workers and young adults without college degrees,” said Andrew Sum, the director of the Center for Labor Market Studies. Read more…

Yellowstone Supervolcano Bulges 10 inches as Magma Pocket Swells

January 22, 2011 Comments off

Brian Handwerk

“Yellowstone National Park’s supervolcano just took a deep “breath,” causing miles of ground to rise dramatically, scientists report. The simmering volcano has produced major eruptions – each a thousand times more powerful than Mount St. Helens’s 1980 eruption – three times in the past 2.1 million years. Yellowstone’s caldera, which covers a 25- by 37-mile (40- by 60-kilometer) swath of Wyoming, is an ancient crater formed after the last big blast, some 640,000 years ago. (See “When Yellowstone Explodes” in National Geographic magazine.)
Since then, about 30 smaller eruptions – including one as recent as 70,000 years ago – have filled the caldera with lava and ash, producing the relatively flat landscape we see today. But beginning in 2004, scientists saw the ground above the caldera rise upward at rates as high as 2.8 inches (7 centimeters) a year. (Related: “Yellowstone Is Rising on Swollen ‘Supervolcano.'”) The rate slowed between 2007 and 2010 to a centimeter a year or less. Still, since the start of the swelling, ground levels over the volcano have been raised by as much as 10 inches (25 centimeters) in places. “It’s an extraordinary uplift, because it covers such a large area and the rates are so high,” said the University of Utah’s Bob Smith, a longtime expert in Yellowstone’s volcanism.Yellowstone Takes Regular Breaths: Read more…

Jim Rogers Says $200 Oil Will Lead Massive Commodity Surge

January 22, 2011 Comments off

When it comes to state visits the devil is in the detail. It’s the nuances of the arrangements that allow you to calibrate just how important a relationship is. That’s why the world has been watching the visit of the Chinese President Hu Jintao with such attention. The state dinner at the White House – described as an “intimate” event – apparently signifies that Washington rates China as pretty much the most important nation, economically, on earth. But the visit has also prompted much speculation in the press about how long the Chinese economic miracle can last and whether it is about to come to a juddering halt. Jim Rogers, the legendary investor who co-founded the Quantum Fund with George Soros, has moved his family to Singapore and is making sure his two young daughters can speak Mandarin. He spoke to the Business Daily’s Justin Rowlatt.

Transcript is below

Jim Rogers: The largest creditor nations in the world are in Asia now: China, Korea, Japan, Hong Kong. This is where the assets are. You know who the debtors are and where they are.

Justin Rowlatt: But listen, I mean the Chinese economy is still way behind the American economy is and it is about the third the size of the American economy.

Jim Rogers: Yes, of course. They had a disaster for 300 years, but about 30 years ago, they woke up, they changed their minds and they said we got to try something new. They unleashed entrepreneurship and capitalism again, and they have been astonishing for 30 years. It takes a while to go from a disaster to rival the Americans, but they are on their way.

Justin Rowlatt: Do you really believe the Chinese boom can continue, because lots of people are saying there are all sorts of asset price bubbles that are going to trip the Chinese up in the coming years?

Jim Rogers: Well, the only asset bubble I see potentially in China is in urban coastal real estate, but real estate is not nearly the entire Chinese economy as it was in America and the U.K. Sure, they will have setbacks.

Justin, in the 19th Century, America had a horrible civil war. We had 15 depressions with a ‘D.’ We had very few human rights. We had massacres in the streets regularly. We had very little rule of law. You could buy and sell – you can still buy and sell congressmen in America, but in those days they were cheap. America had horrible problems, but they came out of that and had a pretty good 20th Century. Read more…

Simplest and Scariest Answer for the Current Pole Flip

January 22, 2011 Comments off

Why I believe the south pole has been moving away from the geographical southern position (technically, its the actual magnetic north pole that is currently down there right now) and why the magnetic north pole (technically the south magnetic pole) has wobbled so much and is now bending down.

We are headed for the event horizon of our galaxy. We are headed for the Mayan dark rift.

This is why we have magnetic pole reversals. The sun changes its poles on a regular basis due to its internal matrix. The earth has a slower system, a lethargic system, to where only great magnetic changes can affect it.

The event horizon of a black hole or of a galaxy that comes from its central black hole is magnetically charged.

It is north polarized in this section, and as we approach it, the south pole, (the true magnetic north pole), is naturally repulsed by it, so it has been steadily moving upwards and away from the event horizon, or 2012 mayan rift.

The north pole, (or magnetic south pole), is naturally attracted to this force since opposite poles attract. But because of its current placement, it has to fight the magnetic forces of the current south pole. Thus, like magnets pushed together with same poles, it wobbles, until, finally, it can be pulled on by a force stronger than the repulsion of the nearest smaller force. In other words, the north pole is now no longer wobbling. It is headed in the direction of the greatest attractive force, the galactic event horizon, which is south of us, and the greatest lump of it, is pulling at us from an angle.

When we get closer to the event horizon or dark rift, the north pole will be pulled down while the south pole will be pushed up and away. It is then that the planet’s core will feel an enormous tug, and major earthquakes will hit the planet. This magnetic event is being played out before our very eyes, and may be completed in the following months, up to three years, but it seems to have speeded up and may happen before 2012.

If this theory holds up, we should see Jupiter and the other gas giants moving out of their place towards the south of our solar system, using the Earth’s orientation to determine south and north. In other words, the orbits of Jupiter and Saturn should already be showing signs of dipping toward the Galactic Event Horizon to our south, or will show these signs a few minutes before our poles flip, unless they have already flipped, in which case, the dip in their orbits should already be showing.