White House Tells Defense Contractors to Break the Law

Written by Gary North on October 8, 2012

By law, defense contractors must warn employees 60 days in advance of a layoff. The law is called WARN: Worker Adjustment and Retraining Notification Act Because of the “fiscal cliff,” there will be major cutbacks in the Defense Department’s budget, beginning January 1, 2013. So, Lockheed Martin was planning to inform workers of possible firings. […]

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Unemployment at 6%: Not a Chance.

Written by Gary North on October 1, 2012

The Federal Reserve has adopted QE3 to get the unemployment rate down. But how long will this take? Here are the basics of employment. Every month, the working-age population grows by 100,000 people. To get the unemployment rate to 6% will take job growth of at least 250,000 a month for at least four years. […]

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