Patrick Henry

Archive for the ‘Uncategorized’ Category

Initial Claims rise to 482,000…much higher than estimates

In Uncategorized on January 21, 2010 at 4:58 am


Weekly initial unemployment claims are on the rise again to the dismay of the CNBC pumpers who continue to believe a recovery is right around the corner. The claims number came in at 482,000 which is 42,000 more than the estimates number of 440,000.

 Now that the holidays are over I expect a lot of temporary workers to start receiving the pink slip. This should add to the unemployment numbers for the month of January. Add to that the BLS birth / Death adjustment and the unemployment number for January could be ugly.

Funky Meters Friday

In Friday Live Music Video, Uncategorized on December 11, 2009 at 3:27 am

One of the best funk  bands ever. This band in my humble opinion is more fun than the Neville Brothers.

The Death of the American Newspaper

In Uncategorized on November 16, 2009 at 4:01 am

newspaper

The death of the American newspaper is taking place at an alarming rate and in my opinion is living on borrowed time.  The rate at which these periodicals are happening can be tracked in the stories that are being published. In March of 2009 The Washington Post revenue declined 77%. A month later an article came out saying that newspaper circulation declined 7.1% from the same time a year earlier.

The reason for the decline is based on a societal shift away from print and to the internet. Just as TV took away the family night by the radio so is the Internet taking away from the newspaper and magazine industry. The way the new generation gets information has changed. Young people get their information in short blurbs on the internet and on their mobile devices. The newspaper business is a 20th century dinosaur which is heading for extinction. And the addition of new book readers (Kindles and ebooks) look to do the same to the printing industry albeit at a much slower pace.

So what happens to the journalists and writers at all of these publications? What happens to the art of Journalism altogether? I am under the opinion that news and journalism will become a more powerful open exchange of ideas because many of these journalist will have to become independent writers. Although there will be  fewer newspapers ten years from now (The Wall Street Journal, New York Times Sunday will probably survive.) most publications must move online. This means less revenue generated than expensive print ads and also means a smaller staff. So most journalist will be forced to start their own blogs or free-lance where they can.

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