Get Ready For A Mountain Of Big Labor Data On Thursday


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This Friday we get the big Non-Farm Payrolls Report (AKA: The Jobs Report) but tomorrow we get a nice opening act.

Thanks to the compressed schedule this week (there was no Monday action in the US), Thursday will bring the Challenger layoffs report (at 7:30 AM), the ADP Jobs Report (at 8:15) and the Weekly Initial Claims Report (at 8:30 AM).

There's no estimate for Challenger, but analysts expect ADP to clock in at +180K, and initial claims are expected to be 375K.

We'll be here covering it all LIVE.

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Source: http://feedproxy.google.com/~r/businessinsider/~3/pyCe22hO2Ww/economic-data-thursday-january-5-2012-1

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Someday, Writing Code Could Be As Common As Farming Or Factory Work


farming

Yes, engineers in Silicon Valley are well sought after. But in the future knowing how to code may no longer be reserved for the tech elite, and may be more of a blue collar job.

Roy Bahat, president of gaming media company IGN Entertainment, writes that coding is:

Like farming was in the 17th century, factory work during the industrial revolution, construction during the Great Depression, and manufacturing after World War II....Code may one day be a basic workplace expectation – like emailing, or “proficient in Word.” Young people are also willing to learn: coding now has a brand. The kid who writes an iPhone or Android app, these days, gets the girl (or boy!).

Bahat points out, coding isn't hard -- and it's mostly self-taught. In any case, companies like Codecademy, Google Code University, Dev Bootcamp, and others can help teach those who are curious to learn. He also points out that not being able to code is like not being able to read. If we think of coding as literacy, rather than a special skill, then it could be baked into a high school curriculum.

Bahat argues that the way computer science is taught at most universities is limited to theory, rather than practice -- learning how to code doesn't even need to really happen in college (which opens up the number of people that could learn how to code).

So if you want to be an entrepreneur, you should learn how to code. Just ask this 16-year-old genius who scored funding from a Hong Kong billionaire for an iPhone app why he started to code at age 12.

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Cisco Stock En Route To $21 With Cloud Revenue Rising

Cisco Systems recently released a new cloud-based service, OnPlus, that helps its small-business partners provide network assessment, management and advisory services to their customers more easily. We currently have a $21.21 Trefis price estimate for Cisco, about 15% above the market price.

Source: http://www.forbes.com/sites/greatspeculations/2012/01/04/cisco-stock-en-route-to-21-with-cloud-revenue-rising/

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Striking Images Of Rural Life In Texas During The 1970s


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Marc St. Gil was one of about a hundred photographers commissioned by the Environmental Protection Agency to document American Life in the 1970s.

He traveled to the areas of surrounding Houston and San Antonio, Texas and captured what life was like on ranches and in small towns.

Woodrow Wilson, One of Leakey's Local Characters, in His Pickup. He Never Works, But Sits Staring at the River from 7 A.M until Sunset 06/1972

A Skinned Possum Shown by One of the Oldest Trappers in Texas, the Town of Leakey. Near San Antonio, 12/1973

Fur Skins of Fox, Raccoon and Bobcat Being Prepared for Market in Leakey, Texas, near San Antonio, 12/1973

See the rest of the story at Business Insider

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Mario Monti Had A Very Austere New Years Eve, Thanks For Asking


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In an response to requests from an Italian MP, Prime Minister Mario Monti has given a delightfully detailed account of his New Year's Eve dinner in an apparent bid to show just how austere he really is.

The account of the soiree is posted (in Italian) on the Governo.it website>

In case you're wondering, Monti held a "simple dinner of a private nature" between 10pm and 12.15, with Monti shouldering the costs for feeding the 10 guests personally (Monti, by the way, "as the interviewer will remember, has waived the remuneration provided for the positions of Prime Minister and Minister of Economy and Finance.")

Tortellini, lentils, and sausage were on the menu, which was cooked and served by Mrs. Monti.

Monti had previously been accused by Senator Roberto Calderoli "inappropriate and offensive to the citizens to organize a party using public facilities and personnel," obviously something of a sore spot for Italians given their previous leader.

(h/t @Fgoria)

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Pieces on Earth: Christmas 2011 Saw Record Gun Sales

MGM Ralphie ParkerIn the 1983 movie A Christmas Story, nine year-old Ralphie Parker has but one item on his Christmas list: a Red Ryder BB gun, "with a compass in the stock and this thing which tells time." But Ralphie's entreaties to those who might get him the toy weapon -- his parents, Santa Claus -- are all met with the disapproving refrain, "You'll shoot your eye out!"

Spoiler alert: Ralphie gets his gun, and nearly fulfills the dire prophecy of ocular loss.

Nearly 30 years later, A Christmas Story is a holiday TV staple. But Americans, heedless of the film's lesson, seem determined to follow in young Ralphie's footsteps: According to the FBI, background checks on gun buyers hit a record single-month figure -- more than 1.5 million -- in December. On the day before Christmas Eve alone, 102,222 such checks were ordered, making Dec. 23, 2011 the second-busiest day in gun-buying history, after this year's Black Friday.

In all, the six days leading up to Christmas saw 500,000 background check requests.

Most would-be gun-buyers pass their checks. According to CNN, "Only 1.3% of the searches result in people being denied permission to buy a weapon."

And there's no way of knowing how many guns have been sold this holiday season, since people often buy multiple weapons at once.

Fear of Gun Control Leads to Stockpiling

Gun sales up to record highsCaroline Brewer, of the Brady Campaign to Prevent Gun Violence, told CNN that repeat buyers probably account for most of the upswing: "The research we've seen indicates fewer and fewer people are owning more and more guns. All the trends indicate the number of Americans who own guns has declined."

Unlike the FBI, which declined to give an explanation for why so many Americans had guns on their Christmas lists, Brewer ventured a theory. "It would appear because of fear-mongering by the NRA since Obama's election that people are adding more guns to their arsenals out of fear Obama and the Democrats will take away their guns, which is absurd."

One gun shop owner -- Dave LaRue, of Legendary Guns in Phoenix -- offered at least partial support for Brewer's claims, without naming the NRA. "There are a lot of people concerned about pending gun legislation and the sense about the current administration," he told The Daily Telegraph. "People think future availability will be limited and there's a feeling of get it while you can."

The NRA had a different account, pointing to self-defense concerns caused by police force cutbacks, as well an increase in the popularity of sport shooting.

According to USA Today, one state that has seen a rise in gun sales is Ohio (where A Christmas Story was filmed). The Dayton Daily News reports that the chairman of the Buckeye Firearms Association, Jim Irvine, attributes this increase to "relaxed conceal-and-carry laws in Ohio, more women learning about guns and the pro-gun message resonating."

Toby Hoover, executive director of the Ohio Coalition Against Gun Violence, lamented the incongruity between rampant gun purchases and his sense of the holiday spirit: "I'm bothered by, especially at the holiday time, how many people think that these things ought to be holiday gifts, Christmas gifts for their families and their children. We're seeing more of that, which means it's becoming sort of an accepted thing. Firearms and weapons don't seem to go with holiday and peacefulness to me. I think we have a problem."

Ralphie would disagree, but he was just a kid. Readers, what do you say?

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Source: http://www.dailyfinance.com/2012/01/03/pieces-on-earth-christmas-2011-saw-record-gun-sales/

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Newt Gingrich Just Used His Iowa Speech To UTTERLY DESTROY Mitt Romney


Newt Gingrich gave a somewhat jaw-dropping speech following his big loss in the Iowa caucus tonight.

The short version:  Watch out Mitt Romney.   Seriously, watch out.

Gingrich came out with guns blazing and aimed directly at Romney. 

After congratulating "good friend" Rick Santorum, "somebody who we admire" Gingrich proceeded to tear into "dangerous" Ron Paul for at bit setting his sights on Romney.

What follows below is essentially what we can expect to hear from Gingrich -- at least in part on behalf of Santorum -- in this weekend's two New Hampshire debates. 

And if that doesn't make Romney nervous it should, especially considering Newt's prodigious talents as a debater; he may not get the nomination but it's clear Gingrich intends to deal a fatal blow to Romney on the way, and judging by this speech he is more than equipped to do so:

We'll have -- one other great debate and that is whether this party wants a Reagan conservative who helped change Washington in the 1980s with Ronald Reagan and helped change Washington in the 1990s as Speaker of the House, or we want a Massachusetts moderate who, in fact, will be pretty good at managing the decay but has given no evidence in his years in Massachusetts of any act to change the culture or change the political structure or change the government.

Let me be clear, because I think it's important given all the things that were done in this state over the last few weeks.  We are not going to go out and run nasty ads.  We're not going to run 30-second gotchas.  But I do reserve the right to tell the truth and if the truth seems negative, that may be more a comment on his record than it is on politics.  So this is going to be a debate that begins tomorrow morning in New Hampshire and and will go on for a few months, and I'm convinced that the Republican party will pick an era of Reagan and somebody with a track record of changing Washington.

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