Monday, July 09, 2012

To ease or not to ease

The jobs data produced a weak headline number again this month but I agree with those that have pointed out that this might just be bad math.  We had artificially strong job numbers in the winter and we appear to be getting artificially bad jobs numbers now.  The problem is with the number of seasonal employees that are no longer being hired by companies.  Since the BLS has worked long and hard to try to smooth out the effects of these seasonal hires the fact that they are no longer occurring seems to be throwing off the data.  If this trend continues watch for the numbers to magically improve in October and November which will cause the conspiracy nut jobs to claim the President is controlling the number to improve his odds in the polls (which is not true, this is a matter of statistics not matching with the real world).

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When I first saw this stat I had a hard time believing it was true, but after researching it a bit it appears to be accurate.

"High Tech stocks in Canada have gone from representing 41% of their stock market index to just 1.8% in the twelve years since 2000."  That is simply staggering.  Imagine if our tech heavy indexes collapsed to the same degree.  Thankfully, for Canada there has been a huge commodity boom around the globe and everyone wants Canadian oil, lumber and gold.  If not for those resource rich regions, Canada might look a lot more like Spain.

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Ok, it's homework time.  I read this article over the weekend and I don't know what to make of it.  It really calls American parents out for being overindulgent and for doing WAY too much for our children.  I saw myself in many examples cited in this story and while it feels like we're doing the right thing for our kids at the time I wonder about the longer term damage we are doing if our entire culture is coddling our kids.

Check out this intro and see if it draws your interest.....

"In 2004, Carolina Izquierdo, an anthropologist at the University of California, Los Angeles, spent several months with the Matsigenka, a tribe of about twelve thousand people who live in the Peruvian Amazon. The Matsigenka hunt for monkeys and parrots, grow yucca and bananas, and build houses that they roof with the leaves of a particular kind of palm tree, known as a kapashi. At one point, Izquierdo decided to accompany a local family on a leaf-gathering expedition down the Urubamba River.

A member of another family, Yanira, asked if she could come along. Izquierdo and the others spent five days on the river. Although Yanira had no clear role in the group, she quickly found ways to make herself useful. Twice a day, she swept the sand off the sleeping mats, and she helped stack the kapashi leaves for transport back to the village. In the evening, she fished for crustaceans, which she cleaned, boiled, and served to the others. Calm and self-possessed, Yanira “asked for nothing,” Izquierdo later recalled. The girl’s behavior made a strong impression on the anthropologist because at the time of the trip Yanira was just six years old."

The entire article is worth a read (here's the link) and I'd be interested in your feedback.  While I don't expect my children to collect and clean crawdads for dinner perhaps they could handle their own breakfasts and lunches during the summer?

Drop me a note in the comment section, shoot me an email at blantier2 at gmail.com or share this article with your friends on Facebook like the kids used to do back in the good old days of 2009.

Thanks!

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