Friday News Dump

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Less than a week after the Health and Human Services Secretary said she would be sticking around through next year’s open enrollment period it was announced Kathleen Sebelius would be stepping down on Friday.

Taking into account that HHS has overseen and implemented the highly politicized Adorable Care Act, commonly referred to as Obamacare, that less than a week ago the Secretary stated she was committed to staying on through next year’s open enrollment period all to be reversed only days later on a Friday with a replacement already announced this is a classic Friday News Dump.

The U.S. government on Friday announced they will not issue a visa to Iran’s new ambassador to the United Nations. The U.S. cited his involvement in the 1979 hostage crisis in Iran when Iranian revolutionaries protested and then stormed the U.S. Embassy in Iran.

Chris Christie announced Friday that his top Capo has resigned.

The deposed president of Ukraine said Friday that he wants more Ukrainian regions to hold elections to break away from Ukraine.

According to the NY Times, Credit Suisse announced an $885m settlement with the US Federal Housing Finance Agency for selling “questionable” loans to Fannie Mae and Freddie Mac. No one pays $885m for “questionable loans” they pay $885m for deception and illegal loan sales, for selling an unsafe product they knew or thought would fail without disclosing the true risk. It’s understandable that they would word it help improve their image. Considering the NY Times carried their language without properly adjusting it to appropriately describe the settlement is an unfortunate day  

If big media companies would stand up and use appropriate language to describe corporate wrongdoing instead of hitting Copy and Paste perhaps America would be a better place and corporations would be better held accountable for their wrongdoing. 

The Bureau of Labor Statistics released their pre scheduled Friday News Dump today. The report showed 175,000 jobs added, beating analysts’ expectations. They will likely promote this report but it is unclear how much. The unemployment rate actually rose from 6.6% to 6.7%.

Employment/jobs reports need to be upgraded to include a more accurate picture. Currently the unemployment rate only includes people actively looking for a job while after an extended period of time many give up looking or fall off the radar but need want and or need a job. The report should reflect all able bodied adults prior to a retirement age who are not employed.

How much more can the news be dumbed down?


The Bureau of Labor Statistics has a calendar of information release dates. Employment Reports and Strike Reports are al released on Fridays except for one on Thursday and one on Wednesday respectively.

As a strategy they pre schedule nearly all the release dates for Fridays in case the numbers are below expectations. When the data is better than expected the current administration will continue to tout the results through the weekend and into the following week depending on how much they beat expectations. It is unknown why they have a single Wednesday and a single Thursday as data release dates.

KIEV, Ukraine (AP) — Ukrainians are getting an unfiltered look at the opulent lifestyle and alleged machinations of fugitive President Viktor Yanukovych and his top officials from thousands of documents being posted online by journalists who say it’s more important to record their country’s history — and document possible crimes — than hold them back for their own scoops.