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New Calif. redevelopment law could stop Chargers stadium
Don - You mention an economist saying unemployment may reach 11-12% within a few years. I'd suggest that unemployment, measured honestly and competently, is already roughly double those numbers. The headline Bureau of Labor Statistics unemployment figure always reported is their "U3" calculation, which, when you look into their methodology, is a joke. For example, it takes no account of "discouraged workers," people no longer actively looking for work because they've given up, or who've been unemployed "too long." BLS' U6 unemployment figure does take account of many such individuals, and is the only BLS stat that should ever be cited as an unemployment figure. Note that the BLS U6 figure is currently over 15%. However, even U6 does not include "long-term discouraged workers," those out of work more than a year. So, for example, someone receiving unemployment benefits past the prior 52-week limit - unemployed but looking for work - is not counted, even, in U6. If you add this group back in, you'll find that the current US unemployment rate is around 22%. To get a running update on these stats and some related background, I recommend visiting ShadowStats.com.— August 18, 2011 5:29 a.m.
Sempra spins Sunrise Powerlink in the Union-Tribune
Don: Thanks for your ongoing commentaries and your continued advocacy of sanity - a much needed counterbalance! About five years ago, I met a former NASA astronaut and brilliant physicist who indicated there was a whole range of revolutionary energy technology solutions, which both the general public and the majority of our world's would-be experts and pundits are totally unaware of. Because of his credentials and some of my own related background information, I decided to investigate. Several years ago, I agreed to serve, on a voluntary basis, as "Southern California Coordinator" for a related non-profit initiative, to help educate the public about these topics. As someone who spends winter months in Borrego Springs, I have been especially sickened by the Sempra proposal to run power lines thru the pristine desert back-country. More generally, I'm convinced that this whole scheme is totally unnecessary, and has been promoted under false pretences from day one. Recently, I put together a page on one of my websites, offering an overview of this little-known "revolutionary energy technology" landscape. This information will be a real eye-opener for most who encounter it for the first time. The page address is; www.GVInstitute.org/newenergy— August 6, 2008 7:56 a.m.