THOUGHT IT WAS INTERESTING ON WHAT COMPANIES DO TO AVOID STUFF…IN FRANCE

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Here’s a curious fact about the French economy: The country has 2.4 times as many companies with 49 employees as with 50. What difference does one employee make? Plenty, according to the French labor code. Once a company has at least 50 employees inside France, management must create three worker councils, introduce profit sharing, and submit restructuring plans to the councils if the company decides to fire workers for economic reasons.

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SOURCE: http://www.businessweek.com

 

 

THE NY TIMES FINALLY GETS SOMETHING RIGHT!

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WASHINGTON — With the victory of the Socialist candidate, François Hollande, in the French presidential election, the White House has lost one of its closest allies on the Continent, but perhaps gained one with economic policy beliefs more closely aligned with its own.

Mr. Hollande is virtually unknown in Washington, and his policy positions on both domestic and international affairs remain only lightly sketched out. That is in stark contrast to the departing president, Nicolas Sarkozy, whose frequent discussions with and ardent defense of the White House earned him the nickname “Sarko the American” back home.

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SOURCE: http://www.nytimes.com

JUST A BUNCH OF DUMBASSES RUNNING THE SHOW. OOPS…SHOULDN’T PUT DOWN DUMBASSES!

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Bake sales, the calorie-laden standby cash-strapped classrooms, PTAs and booster clubs rely on, will be outlawed from public schools as of Aug. 1 as part of new no-nonsense nutrition standards, forcing fundraisers back to the blackboard to cook up alternative ways to raise money for kids.

At a minimum, the nosh clampdown targets so-called “competitive” foods — those sold or served during the school day in hallways, cafeterias, stores and vending machines outside the regular lunch program, including bake sales, holiday parties and treats dished out to reward academic achievement. But state officials are pushing schools to expand the ban 24/7 to include evening, weekend and community events such as banquets, door-to-door candy sales and football games.

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SOURCE: http://www.bostonherald.com

MONEY IS NOT GIVEN TO MOST PEOPLE WHO ARE RICH…THEY EARN IT!

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Yes…Robert Reich doesn’t want socialism. He just wants to redistribute the wealth.  Memo to Mr. Reich: Money is not given to most people who are rich. They earn it. Government doesn’t give money to the rich. The rich give the money to the government. Inequality persists because there are some who refuse to educate themselves and work hard and then there are some that are satisfied with the work they have. On the other end, there are others that take risks, come up with great ideas, grow their businesses and make a lot of money. While they expend their businesses, they expand the work force. Inequality starts with the family, into education and then it is all about drive, hard work, persistence, tenacity, smarts, marketing and all the things that make someone rich and successful. Success should always be rewarded.

Read this:

Francois Hollande’s victory doesn’t and shouldn’t mean a movement toward socialism in Europe or elsewhere. Socialism isn’t the answer to the basic problem haunting all rich nations.

The answer is to reform capitalism. The world’s productivity revolution is outpacing the political will of rich societies to fairly distribute its benefits. The result is widening inequality coupled with slow growth and stubbornly high unemployment.

In the United States, almost all the gains from productivity growth have been going to the top 1 percent, and the percent of the working-age population with jobs is now lower than it’s been in more than thirty years (before the vast majority of women moved into paid work).

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SOURCE: http://www.huffingtonpost.com

UH OH!

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Two weeks ago, I wrote to you about the continued deterioration in the market. Soon after, the market got a boost out of more easing talk from the fed. But the bump was fleeting…and now…as George Costanza once said: “THE SEA WAS ANGRY THAT DAY MY FRIEND, LIKE AN OLD MAN TRYING TO RETURN SOUP AT A DELI!”

To put it simply, odds favor the complexion has changed for the market. The scorecard:

For starters, it is May.

Throughout most of the bull move, commodity stocks could not keep up. This is in stark contrast to the past where typically, they would follow the market up. They are now breaking down even more. This includes steel, coal, copper, oil, gold, silver, metals, mining and the like.

The SEMICONDUCTORS are now under serious pressure as they failed badly on the rally up…and now are croaking. Those who have followed me throughout the years, know how much weight I put on this group. Speaking of a group I put serious weight on:

FINANCIALS have now broken the bearish wedge they had been forming to the downside as the XLF and IYF break the 50 day. JPM was the latest to slice through support while many other big names like BAC, C and MS are even worse.

To go along with the commodity stocks, oil prices are breaking down. This is good news at the pump…but bad news for the market as it is indicating something not so good.

European markets remain much worse than our market. In fact, most around the globe are no great shakes.

Every major index is now below the 50 day moving average with the small caps and the NYSE continuing to underperform badly.

Fewer and fewer stocks and sectors are working and the ones that are, for the most part, are defensive. In the past couple of weeks, we have seen outperformance by the REITS, FOOD, DRUGS, BEVERAGES and UTILITIES.

The almighty APPLE gapped up on earnings and has since failed miserably…slicing through the 50-day on Friday.

So…I have not much good to say…knowing that Bernanke can again act like he is long S&P futures and announce another numbskullish printing of money.

If things get worse, the RUSSELL will break down first as it is closest…watch the 783 support. S&P support lies at 1357 and then 1340. The NDX support lies at 2629 and then 2575. The DOW support is at 12710. The DOW will hold up better if things worsen as money flows out of risk and into megacaps.

If these next support levels are taken out, many will be talking about why…and blame it on Europe, a socialist being elected in France (though we have one running the U.S.), a slowing job’s picture and of course, the massive debt. Keep in mind, most of this never went away. Remember what we have always told you…nothing is bad until the markets say so.

Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

I DIDN’T DO NUTTING WRONG…

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I didn’t do nutting wrong. It’s all completely legal…because I helped write the rules! Hahahahahaha!

Failed Democratic presidential nominee Sen. John Kerry’s (D., Mass.) long history of ethically dubious investments could invite controversy as he takes on a new role as a “top surrogate” for President Obama’s reelection campaign.

Kerry’s net worth as listed on his 2011 financial disclosure form is at least $193 millionand likely much higher, making him the wealthiest member of the Senate. He is also a prolific investor, maintaining an array of stocks and other holdings through a mix of family trusts, marital trusts, and commingled fund accounts with his wife, Big Ketchup baroness Teresa Heinz.

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SOURCE: http://freebeacon.com

8.1%…MY FOOT!

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Who are they trying to kid? The fake employment figures came out today with those in power wanting you to believe the unemployment rate is 8.1%. Yup…election year anyone. These people are hoping that a country that pays more attention to what the Kardashians are doing on a daily basis will just take it as gospel that hey…”elect us…the unemployment rate is down again! Yeah!

What they won’t tell you is that arbitrarily, they have taken a gargantuan 522,000 out of the labor force in April, enabling the unemployment rate to come down. I would like a list of those names. Bet they can’t give you one.

The number of people not in the labor force rose that 522,000 from 87,897,000 to 88,419,000 …the highest on record. The labor force participation rate just dipped to a new 30 year low of 64.3%. If the job market was really getting better, MORE people would be entering the work force…not the other way around. The participation rate topped out in the early 2000s but look at the plunge since 08…which has not abated.

Labor force participation Rate:

People not in labor force:

Charts courtesy of http://www.zerohedge.com

WHY DIDN’T I THINK OF THIS?

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Facebook Inc. (FB)’s $11.8 billion initial public offering will cement the status of 27-year-old Mark Zuckerberg as one of the world’s richest men and put his social network among the highest-valued companies in the U.S.

Facebook is offering about 337.4 million shares for $28 to $35 each, according to a regulatoryfiling today. At the upper end of that range, the co-founder’s stake would be $17.6 billion, making him richer than Microsoft Corp.’s Steve Ballmer and Russian steel billionaire Vladimir Lisin, who are both twice his age, according to the Bloomberg Billionaires Index.

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SOURCE: http://www.bloomberg.com

IN TEARS READING THIS STORY!

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FLORA, Ind. (WLFI) – 12-year-old Cody Green has always admired the strength and courage of the marines. At 12:35 Saturday afternoon, it was the Marines admiring the strength and courage of Cody. 

Cody had leukemia since he was 22 months old, but beat the disease three times. Although he was cancer-free, the chemotherapy lowered his immune system and Saturday afternoon, he died from a fungus that attacked his brain. Members of the Marines decided to step in and do something. 

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SOURCE: http://www.wlfi.com