According to data released Friday by the Bureau of Labor Statistics, unemployment rose to 4.3 percent, its highest rate since October 2021 in July, as the economy added a surprisingly low 114,000 jobs. The stock market fell in response, with the tech-focused Nasdaq falling 10 percent from a record high. JUST IN: A really weak July jobs report. The US economy added only 114,000 jobs in July (well below forecasts) Unemployment rate hits 4.3% —> Highest since October 2021 and this triggers the Sahm Rule recession indicator.Wage growth: 3.6% (vs. 3% inflation) pic.twitter.com/dWeAIPMHiW— Heather Long (@byHeatherLong) August 2, 2024 “The July jobs report is being viewed as a recession warning, and the markets are responding accordingly,” commented Bill Adams, the chief economist of Comerica Bank. The rise in unemployment has triggered the Sahm Rule, which has correctly predicted every recession since 1970, and which posits that an economy is in the early stages of a recession when the three-month moving average in the unemployment rate is at least half a percent higher than the 12-month low. Currently the three-month moving average for unemployment is 4.13 percent, 0.63 percent higher than its 12-month low of 3.5 percent in July 2023.  “Once the unemployment rate gets moving upward, it’s very likely to continue rising. Rising unemployment is part of a vicious process of economic contraction,” noted Preston Caldwell, the chief U.S. economist at Morningstar.  Nevertheless., not all believe that a recession is inevitable. The economist Mark Zandi said that he believes that a recession is unlikely. “I do feel like this economy will be able to navigate through this, but it’s going to be close,” Zandi added, continuing, “They’ve got to get moving here.” Senator Elizabeth Warren (D-MA) responded to the jobs report by taking to X and ascribing blame to the decision of the Federal Reserve not to cut interest rates. “Fed Chair Powell made a serious mistake not cutting interest rates. He’s been warned over and over again that waiting too long risks driving the economy into a ditch,” Warren claimed. The post Markets Fall In Response to Lackluster Jobs Report appeared first on The American Conservative.

Armed Robber Taken Down By Unarmed Chick-fil-A Employee In Georgia [VIDEOS]

…awakening to a conspiracy so monstrous you can’t believe it exists! To help support this channel & get exclusive videos every week sign up to Neil Oliver on Patreon.com https://www.patreon.com/neiloliver Website: https://www.neiloliver.com Shop - check out my t-shirts, mugs & other channel merchandise: https://neil-oliver.creator-spring.com Instagram - NeilOliverLoveLetter: https://www.instagram.com/neiloliverloveletter Podcasts: Season 1: Neil Oliver's Love Letter To The British Isles Season 2: Neil Oliver's Love Letter To The World Available on all the usual providers https://podcasts.apple.com/gb/podcast/neil-olivers-love-letter-to-the-british-isles #NeilOliver #Trump #Biden #Biden #JEdgarHoover #terygilliam #rudyarkipling #herbertspencer #henryford #kamalaharris #Uptonsinclair #Labourparty #uniparty #history #neiloliverGBNews #travel #culture #ancient #historyfact #explore

On July 29, 3024, Dave Rubin @RubinReport writes: "Supercut of NPC's being programmed to say 'weird.'" Source: https://x.com/RubinReport/status/1818083579445866884 To which Elon Musk replies: "They should mix up the propaganda more. This is way too obvious. Just like when they were parroting before the debate that Biden was 'sharp as a tack.'" Source: https://x.com/elonmusk/status/1818085240595693728

UTL COMMENT:- Let's hope that he gets smashed on this one.....

More Climate Change directed at Invader Housing Building Site (Coolock, Dublin)?? UTL COMMENT:- Yep - I'd say climate change got it. Damn that climate change. 'And 'ol Jumpy's also going spastic probably due to Glo-bull boiling heating his brain....

Idaho's House Bill 710, signed into effect on July 1, is the end result of years of attempts by the state’s legislature to restrict library access. This bill requires that libraries relocate items deemed “harmful” by anyone who fills out a form to a restricted “adults-only” area. Failing to do so within 60 days puts libraries in danger of being sued for $250, as well as “actual damages and any other relief.”For those who want to venture into the restricted area: you must be 18 or older, have an unrestricted library card… or be accompanied by your parent or legal guardian who must sign an affidavit every time you come to the library.If your skin is starting to crawl just reading this, wait until you hear from a mom who has experienced it firsthand. In a now-viral TikTok video, Carly Anderson, a mom of three living in Idaho Falls, Idaho, shared what happened when she took her 11-year-old daughter to the library to get a copy of “Fellowship of the Ring,” after just having finished “The Hobbit.” As they went upstairs to the adult section, they noticed the new sign with the whole spiel about needing an unrestricted library card or affidavit. Okay, no problem: Anderson shows both her ID and her daughter's library card. Should be smooth enough sailing from here. But that’s when the librarian stopped her. “Why don't they let me? Because I'm holding a baby, my 1-year-old."That’s right, even her baby (who can’t read yet!) needed a “library card or I signed an affidavit.”"So me and Daphne just watched from the edge while Scarlett goes in to find her book. The librarian ended up helping her,” Anderson said. @carlyjdot Coming to a library near you ? #library #greenscreen #scarletttok #bookban #momtok #lordoftherings #harrypotter #project2025 #librariesoftiktok ♬ original sound - Carly It’s worth noting that Anderson made it clear that she doesn’t blame the “nice and patient” librarians for this mess, who seem just as “sick of it” as everyone else, and who seemed to “feel so bad turning kids away from going into the library."And while, in the end, Anderson’s kid did get the book she needed, here “heart broke” and the thought of other knowledge-hungry kids who wouldn’t be so lucky."What about these kids that aren't coming in with parents? What about the Matildas out there that literally come to the library to just read, read, and read and then gain superpowers because they're Matilda? What about the Hermiones out there that find amazing answers because they go into the Restricted Section of the library?"As one viewer sadly noted, “The Matildas and Hermiones won’t even know who Matilda and Hermione are because they’re not allowed into the library to get their books."Sadder still, Anderson added in a follow-up video that “some of the smaller community libraries have been closed since July 1 because they just don't have the funding to restructure a library like this, or the funding to get sued every time someone gets offended."Anderson then rattled off a long list of folks who will be very negatively impacted by this new law: marginalized groups, smaller communities, kids that don't get to come in with their parents, grandparents taking their grandchildren, teenagers looking for answers about eating disorders and abuse…just to name a few. @carlyjdot Replying to @stephdykman Giving more detail on why Idaho libraries are hurting right now. Spread the word so we can change this! #parttwo #librarytiktok #booktok #bookban #project2025 #vote ♬ original sound - Carly It’s no surprise that at only a month in, Bill 710 has already drawn passionate criticism. Just last week, a lawsuit to stop enforcement of the bill was filed on behalf of three schools, four parents, the Community Library Association and Collister United Methodist Church, under the claim that it violates first amendment rights.As Anderson rightly puts it, "Thank you to our Idaho librarians for putting up with this nonsense." And folks were equally right to let this story be a reminder to vote in November…lest we slip into a real life Fahrenheit 451 situation.

A strange thing about being an adult is that many of our core personality traits, including our attachment styles, attitudes towards failure and ability to resolve conflicts, are developed as young children and can follow us for the rest of our lives. In addition to those traits, psychologists are beginning to understand that we develop our attitudes about money as children and they can significantly impact our financial future. American clinical psychologist and planner Dr. Brad Klotz developed a theory called the Klotz Money Script, in which he outlined the four core beliefs that people have about money. They are either money-avoidant, worship money, status-seekers, or vigilant. He’s also created a test that people can take to learn which money script they follow. Klotz believes that many factors contribute to the money scripts we run in our heads. “It’s not just errors in thinking; it’s also developmental psychology, multicultural psychology, family systems. It brings in all these other areas of psychology to help understand financial behaviors,” he told The American Psychological Association. Here are the 4 money scripts: Money Avoidant People who are money-avoidant believe money is evil. They might feel they don't deserve money, think the wealthy are corrupt and see virtue in living with less. They may be prone to sabotaging their finances, have trouble budgeting, or avoid dealing with money altogether. Money Worshippers These people believe that money solves problems and brings happiness. They never feel they have enough money and find that the pursuit of money makes them miserable. They often have high levels of debt and lower net worth. Status-Seekers Status-seekers often equate their sense of self-esteem to their net worth. They like to show off flashy clothes and cars but are prone to overspending. They are usually attracted to gambling, borrow money from others and hide spending from their spouses. Money Vigilant The Money Vigilant make the best decisions for their financial health. They believe in working hard, saying no to handouts and saving. They also avoid credit card debt and love a good bargain. However, being vigilant can cause them to fear their financial futures, which can create a constant feeling of anxiety. Overall, Klontz believes that the financially vigilant have the greatest chance of becoming financially prosperous. However, it can come with some pitfalls. “Don’t let your healthy vigilance turn into anxiety or a tendency to hoard out of fear. If you feel that watching over your financial situation is taking up more than an hour a week, keeping you up at night, or getting in the way of other hobbies or activities that you want to do, it may be time for a change,” he said according to SF Money Coach. In the end, to be free from the financial attitudes that were cultivated in us as children—at a time when we hardly knew what money was—Klontz says it’s important to examine your past so you can plot a better future. “Take some time, interview your family members, be an anthropologist into your own family,” he told CNBC. “Try to figure out why your family has the beliefs around money that they have.”