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Everything posted by placeholder
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As pointed out above, the informal economy, which constitutes half the workforce is not represented in these figures. And the workers in this sector are reckoned to be hit far worse. Informal workers most affected by COVID-19: UN Thailand 23 June 2020 Workers in the informal economy are most affected by the COVID-19 crisis, while the number of working poor is expected to rise to at least 11 per cent, according to the research by International Labour Organization (ILO), a member of the United Nations in Thailand. https://thailand.un.org/en/50833-informal-workers-most-affected-covid-19-un-thailand what's more, how useful can Thai unemployment figures be when even 1 hour of work a week means someone is not employed? Unless the ratio of underemployed workers to employed workers remains the same, which seems unlikely, not very.
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Well, new jobs added has been pretty flat for the last 4 months https://www.wsj.com/articles/november-jobs-report-unemployment-rate-economy-growth-2022-11669944597 So, given the slowdown in the housing market, it's a pretty sure thing that the number of new hires would be even higher were it not for interest rate increases. And the unemployment figures are typically seasonally adjusted to take factors such as Xmas hiring into account. And there won't be a rate reduction but rather a rate increase. The question is whether it will be .50% or higher.
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Thai unemployment data are obviously untrustworthy. As any economist will tell you, if the unemployment rate was really that low, there would be massive wage inflation in Thailand. The thing is the Thai govt doesn't count as unemployed anyone who works at least one hour per week. Nor does it count workers in the informal sector which constitutes about half of the Thai labor force. https://www.ft.com/content/a52db26d-460b-4000-946f-b30d66afbee6 Thailand’s Covid crisis exposes the reality of ‘2% unemployment’ "Jimmy is part of Thailand’s growing ranks of unemployed or barely employed, though he wouldn’t be counted in the official statistics on the jobless total because Thailand — using International Labour Organization guidelines — doesn’t consider as unemployed a person who works at least one hour a week. Also, more than half of the roughly 38m in the Thai workforce are in the informal sector and aren’t included in jobless data. These factors help keep Thailand’s official unemployment rate low — seemingly unproblematic — compared with regional peers and developed countries." https://www.ft.com/content/a52db26d-460b-4000-946f-b30d66afbee6
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That was the link to the homepage where the story was way down the list. Had you bothered to click on the 2nd link, that would have taken you directly to the story. I don't u;nderstand why you quoted only the first part of my post. Maybe you failed to do that because you'd rather live in denial? Here it is again: "Yet when you click on the link, here's the headline: US economy adds 263,000 jobs in November, better than expected as hiring remains solid https://www.foxbusiness.com/economy/us-economy-adds-jobs-november-better-expected-hiring-remains-solid" The story has since vanished from the Fox homepage because, it's not like news of the condition of the US economy is of any importance. Not something a news organization would want its readers to know about. Oddly enough, as I write this, it's still the number one story on the home page of the Wall St. Journal.
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Can foreign tourists get covid vaccinations in Bangkok
placeholder replied to placeholder's topic in COVID-19 Coronavirus
I did contact Med Park. Filled out the form. They replied that they are no longer offering covid vaccinations. -
Fox News is covering this story. But unlike other major media, it's way way down the list. And here's the headline: Job market resilient despite scorching-hot inflation, skyrocketing interest rates https://www.foxnews.com/ Yet when you click on the link, here's the headline: US economy adds 263,000 jobs in November, better than expected as hiring remains solid https://www.foxbusiness.com/economy/us-economy-adds-jobs-november-better-expected-hiring-remains-solid
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Et tu, Elon?
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I think my analogy of keeping money in a bank vs keeping them at home applies to the difference between hot wallets (custodial service) and cold wallets. Except, as we know, banks are a much safer way to store money than are hot wallets in storing crypto.
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It is an interesting question whether states' rights would trump a federal law in this case. I would think, based purely on principles that the conservate majority claims to adhere to, they would not support such a law. On the other hand, when it came to voting rights, the conservatives openly admitted that they were takiing matters into their own hands and overriding the law because for political reasons Congress was unable to do so. This from justices who complained that courts were usurping legislative functions.
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Appeals court halts special master review of Mar-a-Lago documents
placeholder replied to Scott's topic in World News
What happens in Congress is irrelevant to what happens in the Justice Dept and in the Court system. -
So where do you store your bitcoin if not in an exchange or wallet? How are your bitcoins protected against default?
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To spend your bitcoins you don't need an exchange. But to store them? This is like asking why do I need a bank to spend my money? You don't. And you can keep all your cash at home, too. You clearly don't understand money if you liken it to a stock.
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Utter B.S. If Jews were just being attacked for clannishness you might have half a point. But that's not the case and unless you've been living on Mars, there's no way you can't know that.
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But you do need an exchange or something similar to store bitcoin. And what protects the money of depositors who use those services when they go bankrupt? And what's your point about the line of credit? Banks in the US actually have gone bankrupt and depositors were protected.
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Appeals court halts special master review of Mar-a-Lago documents
placeholder replied to Scott's topic in World News
Two of the three judges were Trump appointees.