Closing Thought–01Jul19

What are the situations facing this country….what is the biggest situation for our nation?

Terrorism is still a major concern around the world, but global warming is the bigger worry, and fear of cyberattacks is on the rise, according to a new Pew Research Center survey on threats.

Following similar studies in 2013 and 2017, Pew researchers asked people in 23 countries whether they considered the following a “major threat to our country”:

  • Global climate change
  • The Islamic militant group known as ISIS
  • Cyberattacks from other countries
  • North Korea’s nuclear program
  • The condition of the global economy
  • U.S. power and influence
  • Russia’s power and influence
  • China’s power and influence

Pew found that global climate change has risen from being a concern for 53% of respondents in 2013 to 63% in 2017 and now 67% in the most recent survey. Here are four major takeaways from the study, which was conducted among 27,612 respondents in 26 countries from May to August 2018:

https://fortune.com/2019/02/11/u-s-report-on-global-threats/

Seems the climate deniers are losing their steam with the American people…..

Korea–WTF?

Over the weekend our Beloved Supreme Leader went to South Korea after the G20 meeting…..he even said something about a Nrth Korean visit while visiting in the South…..

President Trump is set to fly back to the US Sunday after attending the G20 summit in Japan, but he’s got one more thing on his list he’d like to do before he leaves: have a meet and greet with North Korea’s Kim Jong Un in the Demilitarized Zone. Reuters reports that the president first extended the invite to Kim in a Thursday tweet: “While there, if Chairman Kim of North Korea sees this, I would meet him at the Border/DMZ just to shake his hand and say Hello(?)!” It’s unclear if such a meeting, which would be Trump and Kim’s third get-together in just over a year, is actually taking place, with a North Korean foreign ministry official calling it a “very interesting” idea, per the AP.

Let’s be honest….if Trump said there was a possibility then there will be a meeting…..and there was…..

With grins and handshakes, President Trump welcomed North Korea’s Kim Jong Un at the heavily fortified Demilitarized Zone Sunday, seeking to revive talks on the pariah nation’s nuclear program in a bid for a legacy-defining accord. Trump then became the first sitting American leader to step into North Korea. “I was proud to step over the line,” Trump told Kim as they met in a building known as “Freedom House” on the South Korean side of the Panmunjom truce village. “It is a great day for the world.” Kim hailed the moment, saying of Trump, “I believe this is an expression of his willingness to eliminate all the unfortunate past and open a new future.” He added that he was “surprised” by Trump’s invitation in a tweet on Saturday.

As he stood beside Kim, Trump told reporters he would invite the North Korean leader to the United States, potentially even to the White House. “I would invite him right now,” Trump said. Kim, speaking through a translator, reciprocated that it would be an “honor” to invite Trump to the North Korean capital of Pyongyang “at the right time.” The photo-op, another historic first in the yearlong rapprochement between the two technically warring nations, marks a return to face-to-face contact between the leaders since talks broke down during a summit in Vietnam in February, the AP reports. But it does little to erase significant doubts that remain about the future of the negotiations and the North’s willingness to give up its stockpile of nuclear weapons.

I have one question…..these meetings are for what?  For North Korea to give up their nukes?  That will NOT happen….it is what keeps Kim in power at this point.

One more question…Trump is friendly with Kim who has nukes but is hostile to Iran that does not have nukes…this is moronic diplomacy.  He will not talk to Iran but will kiss the ass of a nation that has nukes and are looking for a delivery mechanism.

This is what we get when we give a person of low IQ the reins of power……confusion and obstruction…..and diplomacy is by photo op…….

Trump got what he needed….a win…..this photo op looks like he is a genius in foreign policy when it is NOTHING but a PR stunt.

Labor Economics

MY friend and regular reader of IST Carl of “I Know I made You Smile”……https://carldagostino.wordpress.com/……ask a good question in one of his comments after reading one of my posts.

He had a problem with a statement made in post from last week…..”“Labor shortages are impeding job growth”….the statement is from this post…..https://lobotero.com/2019/06/07/closing-thought-07jun19/

His question fired me up to do what I truly enjoying doing…research…..so as promised here is the best answer that I could come up with since I am not an economist by trade it may get a bit techy…..

A common bit of confusion is between jobs and labor…..first what causes a labor shortage?

A labour shortage can be caused by a turn in economic conditions where there is a shortage of skilled workers for a given industry or overall job market. … Shortages can also be caused by a mismatch in skills, poor compensation, geographic location or ineffective recruitment by employers

Now the difference between Labor force and workers…..Employees are considered part of the labor force, but the terms “employees” and “labor force” don’t mean precisely the same thing. Not everyone in the labor force would fit the exact definition of an employee, since the labor force includes a much broader category of people. The labor force is a blanket term describing an entire collection of people either employed or seeking employment.

Is that confusing enough?

Maybe this short video will help…..

After writing this I realized that this may not answer the question Carl asked….I apologize if I made it more confusing.

Another reason I do not like economics…..too damn confusing and none of the “laws” seem to work without some sort of adjusting.