From Reuters.com
The day ahead: Wednesday
Indications of what markets might expect from Friday’s non-farm payrolls report could emerge from the ADP National Employment private sector survey and the November Challenger Layoff report.
Other highlights:
* The lead committee on financial regulatory reform in the House of Representatives is expected to approve the last two of eight major regulatory bills.
* Ford is expected to reveal its highly anticipated new Fiesta small car at the LA Auto Show, which runs through Thursday, while General Motors plans to showcase the U.S. production version of its new Chevrolet Cruze small car.
* At the third day of the Reuters Media Summit we talk with WPP CEO Martin Sorrell, IAC CEO Barry Diller and Financial Times CEO John Ridding.
* Treasury Secretary Timothy Geithner testifies before a Senate Committee on Agriculture hearing on OTC derivatives reform at 9:30 a.m. EST.
The day ahead: Friday
Jobs numbers are key to gauging the strength of an economic recovery although some see the September data as being bolstered by government spending programs.
* Non-farm payrolls for September probably fell by the smallest amount in a year, more proof the economy is pulling out of recession, but the jobless rate likely ticked up.
* Also due are factory orders for August, which are expected to have risen 1.1 percent, a shade lower than the 1.3 percent rise recorded in July.
I think it was marx/engles that gave the power of all hiring and job distributin to the state, the state of course owned all property, thereby eliminating the first tenant of capitalist society.
As an entrepreneur, I am extraordinarilly dismayed that I must fight my way through years of federal agencies, improperly using their power on behalf of a large US Corporation, to unreasonably restrain my activities, run me into the ground – then suggest the type of position I held when I was 19 or to take classes I could teach when I was 15. While depriving me of the utility of my capital in creating my own wage – aka entrepreneurism and in some cases, repeatedly gifting my intellectual capital to lobbying interests. Then suggesting low-wage earning positions for me in those lobbying interests.
will someone please explain to me the tenants of democracy and capitalism?
