Where have all the workers gone? If you don’t have a job, but you’re no longer looking for work, guess what? You’re not counted among the unemployed. The Washington Post reports that if the same percentage of adults were in the workforce now as when Barack Obama took office, the unemployment rate would be 11.1 percent. While if you go back to when George W. Bush was sworn in, the unemployment rate would be 13.1 percent. I guess this means that if everyone stopped looking for work, Obama could claim the unemployment rate was 0.
They’re back — sort of. After hibernating most of the winter, when it was too cold to sleep in most Northern parks, the Occupy Wall Street crowd chose May 1 to announce that they were back in business. But hardly anyone paid any attention to their call for “people to refrain from shopping, walk out of class, take the day off of work and other creative forms of resistance disrupting the status quo” on the traditional communist holiday (International Workers’ Day). What say we all ignore them? That would certainly get their goat.
Too broke to declare bankruptcy? Here’s a story that had me scratching my head. CNNMoney claims that hundreds of thousands of Americans who would like to declare bankruptcy can’t afford to do so. That’s because it can cost $1,500 or more to file for Chapter 7 bankruptcy protection. The same study estimates that 200,000 people used their tax refunds this year to pay to file for bankruptcy.
Harvard’s absurd “minority” professor. Elizabeth Warren, the Harvard Law School professor who is running for the Senate against Republican incumbent Scott Brown in Massachusetts, seems to be a little red-faced these days, if you’ll pardon the expression. It seems her claims to be part Native American are a little shaky. There’s no actual proof that her great-great-great-grandmother was a Cherokee, just “family lore.” Harvard still claims she is an example of their “minority” hiring, however.