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Brussels, 15 September 2010
Youth on the Move – strengthening support to Europe's young people
Five million young Europeans are looking for a job. Many of them will miss opportunities because they lack the right qualifications or experience. Today, the European Commission launches Youth on the Move, a new flagship initiative aimed at helping these young people to gain the knowledge, skills and experience they need to make their first job a reality. Part of the EU's new Europe 2020 strategy, Youth on the Move proposes 28 key actions aimed at making education and training more relevant to young people's needs and encouraging more of them to take advantage of EU grants to study or train in another country. This will increase young people's employability and access to the labour market.
Androulla Vassiliou, the European Commissioner for Education, Culture, Multilingualism and Youth, said: "The measures we are presenting today are aimed at raising the quality of education and training in Europe so that our young people are properly equipped for today's job market. We want to reduce the number of early school leavers and increase the share of young people in tertiary education so that they reach their full potential. The EU needs even more young people who are highly skilled, knowledgeable and innovative if it is to prosper in the future."
László Andor, the European Commissioner for Employment, Social Affairs and Inclusion, said: "Finding a job is what millions of young Europeans are most concerned about. Youth on the Move will create new momentum at EU and national level to improve support for young people so that they can find a job, make a living and pursue their own plans."
It's time to act…
At present, too many young people leave school early and too few enter higher education, which jeopardises Europe's future skills base.
Youth on the Move will be instrumental in achieving the Europe 2020 headline targets of reducing the share of early school leavers from 15% to 10% and increasing the share of young people with tertiary education or equivalent from 31% to at least 40% by 2020. Youth on the Move actions will also help Member States reach the headline EU target for 75% employment over the next ten years by helping to ensure that young people have the right skills for the jobs of tomorrow. Commission studies show that 35% of new jobs will require high-level qualifications by 2020 and that 50% will require medium-level qualifications.
The economic and financial crisis has made it harder for young Europeans to enter the labour market. The number of young people looking for a job has increased from 4 to 5 million since the onset of the financial turmoil, with EU youth unemployment now at nearly 21%.
These challenges call for concerted action and robust policy coordination to identify action at EU level and in Member States. The Commission will support Member States in designing policies to support those most at risk of unemployment, to do more to encourage young entrepreneurs and to address legal and administrative obstacles to learning and working mobility.
Independent studies show that more than 40% of employers attach importance to the experience gained from study and work abroad, which not only enables young people to improve their language abilities but also to acquire other skills that are highly valued. The Commission already has a long tradition of supporting mobility through the grants it provides from Erasmus, Leonardo da Vinci, Grundtvig and Marie Curie.
Youth on the Move aims to extend opportunities for learning mobility to all young people in Europe by 2020. The Commission will today launch a public consultation on the future of its mobility programmes for post 2013 (see http://ec.europa.eu/dgs/education_culture/consult/index_en.html).
Top 10 actions
The Youth on the Move strategy includes the following targeted actions:
· Launch of a dedicated Youth on the Move website, which will provide a single point of access to information about opportunities to study or gain work experience abroad, including advice about EU grants and individual rights. This will build on existing initiatives such as the Portal on Learning Opportunities throughout the European Space (PLOTEUS).
· A pilot project "Your first EURES job" will provide advice, job search and financial support to young jobseekers who want to work abroad and to companies - particularly small and medium-sized enterprises. The project will be managed by EURES, the network of European Public Employment Services, and will be operational in 2011.
· A mobility scoreboard will benchmark and measure progress in removing legal and technical obstacles to learning mobility.
· The Commission is examining, in cooperation with the European Investment Bank, the creation of a European student lending facility to support students who wish to study or train abroad.
· It will publish the findings of a study to test the feasibility of a multi-dimensional global university ranking system, to provide a more complete and realistic picture of higher education performance than existing rankings.
· It also plans to develop a Youth on the Move card, which would provide benefits and discounts for young people.
· A new European Vacancy Monitor will provide an intelligence system on labour market demand across Europe for jobseekers and employment advisors. The launch is planned later this year.
· The Commission's new European Progress Micro-finance Facility will provide financial support to help young entrepreneurs set up or develop their businesses.
· It will encourage Member States to introduce a youth guarantee to ensure all young people are in a job, training or work experience within four months of leaving school.
· The Commission will propose a European skills passport, based on Europass (European online CV), to allow skills to be recorded in a transparent and comparable way. Launch: Autumn 2011.
On Friday 17 September, Commissioner Androulla Vassiliou will take part in a web-chat on Youth on the Move from 15:00-16:00. Questions can be sent in advance or during the web-chat, in any EU language, to this address: email@example.com.
The web-chat will be streamed live here: http://webcast.ec.europa.eu
Youth on the Move will be promoted through a Europe-wide information campaign. Special kick-off events will be held in Budapest, Hungary, on 8-9 October and in Bordeaux, France, on 14-16 October.
More information
Youth on the Move website:
Video interview of Commissioners Vassiliou and Andor:
Youth on the Move Communication:
Youth on the Move: Citizens' summary:
Proposal for a Council Recommendation on learning mobility:
Staff working paper: Results of the 2009 public consultation on learning mobility:
See also MEMO/10/408.
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We love DIY projects that use Windows Phones here at Windows Phone Central, and this project is nothing short of impressive. Almost veryone is familiar with the labyrinth puzzles you can purchase from local toy stores that task the player with tilting the maze to control the ball and reach the end of the puzzle, without dropping into any holes.
So that would make a rather cool app, right? Well, that's simply not good enough for developer Matt aka 'RogueCode' (who used to write for us and makes the awesome Ffffound app). He decided to make a DIY labyrinth puzzle that can be controlled by a Windows Phone (Lumia 920 is used in the demonstration above) and its on-board accelerometer.
Matt being an established developer, it has to be that step further and boy what a result he's managed to reach - we're impressed. As well as developing an app for his Windows Phone, Matt also built the labyrinth toy from scratch, mounting hardboard on a pair of servo motors that mimic the movements of the Lumia 920 shown in the video.
What's more is that when the ball reaches the end, a sensor detects the contact with two bridges, which then informs the Windows Phone that the puzzle has been completed (this stops the timer running on the smartphone).

subset: commoncrawl


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Occasionally, the surname Howart may have been applied to someone who worked at a dairy farm at which female sheep were kept. In this case, the derivation is from the Old English words eowu, which means ewe, and hierde, which means herd.
In other cases, the name was adopted from where the person was born as in "William, son of Roger Fitz Valevine, took the name of Howard from being born in the Castle of Howard, in Wales, in the time of Henry I." [1]CITATION[CLOSE]
Arthur, William , An Etymological Dictionary of Family and Christian Names. London: 1857. Print Another source sums up the diversity of the family's origin thusly: "Camden, the most important witness of all, places Howard amongst the names in use in England at the time of the Conquest. In all probability this name has had more than one origin." [2]CITATION[CLOSE]
Guppy, Henry Brougham, Homes of Family Names in Great Britain. 1890. Print.
"The church [of East Winch in Norfolk] is a handsome structure in the later English style, with a square embattled tower; in the east window are the arms of Vere and Howard, and on the north side is the ancient chapel of St. Mary, the burial-place of the latter family. Near Grancourt House, which was the seat of Sir William Howard, who purchased the manor in the reign of Edward the First, are some slight remains of a religious house." [4]CITATION[CLOSE]
Lewis, Samuel, A Topographical Dictionary of England. Institute of Historical Research, 1848, Print.
But the family quickly became widespread. Epworth in Lincolnshire was another ancient family seat. "This place, which is the principal town in the Isle of Axholme, a district comprising the north-west portion of the county, was anciently the residence of the Howard family, who had a castellated mansion here, of which nothing now remains except the site, where within the last 70 years have been dug up some of the cannon belonging to the fortifications." [4]CITATION[CLOSE]
Lewis, Samuel, A Topographical Dictionary of England. Institute of Historical Research, 1848, Print.
In Westmorland, at Levens in the parish, union, and ward of Kendal another early branch of the family was found. "On the eastern bank of the river Kent, which is crossed by a bridge on the Kendal road, is Levens Hall, the venerable mansion of the Howards, embosomed in a fine park, and crowned with towers, which, overtopping the highest trees, command extensive prospects on every side. The Howard family built the chapel, a parsonage, and schools, and endowed the living. " [4]CITATION[CLOSE]
Lewis, Samuel, A Topographical Dictionary of England. Institute of Historical Research, 1848, Print.
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20763 Surnames | 136441 Records | 2778 Reunions
Dead Fred asks:Are you a Desperate Genealogist?
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Photo #30292
Last Name: Jones
First Name : Fred
Middle Name: Rockwell
Subject's City: Springfield
Subject's State: Ma
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Subject's Country: USA
Date: 1901-1920
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Type** : PRT
Comments: Fred Rockwell Jones (Nee: ) | Springfield Ma USA | 1901-1920 | Comments: I am submitting my picture of Fred Rockwell Jones who was born in Shoreham,
VT to Alverton Jason Jones and Ellen Clarissa Griswold on 12/23/1864. He
married Anna Miller 9/15/1890 in St. Johnsville, NY. We did pick him up in
North Adams, MA about 1900, and later in Springfield, MA. From there the
trail runs cold and we are trying to find out if he has any descendents.
Little is known about him after he left Vermont.
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Michael Vick just agreed to the second $100 million contract of his football career. Talk about a comeback.
In less than a full season as a starter and just more than two years after being released from prison, Vick officially has struck it rich, not just in the bank account but in faith.
The Philadelphia Eagles have bet the future of their franchise on Vick with a six-year, $100 million contract, just as the Atlanta Falcons did when they signed him to a 10-year, $130 million deal in 2005.
As has been well documented, that infusion of cash was freely spent and used to help fund the illegal dogfighting ring that led Vick to jail -- and into bankruptcy. As has also been well documented, that downfall led Vick to lead a different life and, in all likelihood, this new fortune will be handled much differently.
He's now out of the red.
As for the Eagles, their move Monday will be as polarizing as Vick has been for most of his career. Did they pay him too much after only one season that he didn't even enter as the starter? Did they do what they had to do so they wouldn't lose Vick to free agency after the season?
The answer probably lies somewhere in between. Though Vick likely won't see the entirety of his contract, he'll be paid handsomely without having to prove he can sustain the success he had in 2010 (30 total touchdowns, six interceptions, 3,018 yards passing, 676 yards rushing). He's being paid in the ballpark of Peyton Manning and Tom Brady. Vick has never been that good.
Vick isn't being paid for what he hasn't done, though. He's being paid for what he can do. He's clearly the quarterback with whom Andy Reid believes he finally can win a Super Bowl. Vick also is a guy the rest of the players in the locker room will follow. He's the face of the franchise, too. People are rocking his jersey across the country just like they did when he played for Atlanta.
The Eagles have cast their lot with Vick. The comfort he's feeling financially soon will turn into pressure to win. That pressure has nothing to what Vick has been through in his young life, but it's pressure nonetheless. Philadelphia has stacked (and paid) its roster, and winning is the only option.
If the Eagles don't reach the Super Bowl, then they will have paid dearly -- and not in a good way.
Follow Steve Wyche on Twitter @wyche89


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|Homo Emo
Short review: This is a site starring alternative guys, Goths and punks and of course Emo boys. You've got exclusive content here, with solos and action scenes, regular updates, galleries and various ways to view your movies. It's well put together, well designed, and everything is good quality. You get what the tour promises you, you're not let down, and it really is a very impressive site to see.
Content Amount: Weekly updates are adding to the 158 scenes that run for around 15 minutes each. There are also screen caps and galleries with around 150 pictures each. If you check the model index you find 70 guys, and there are two bonus sites also included.


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Pleasant Hill Local Movers
Local Moving Company in Pleasant Hill
If you want trusted LOCAL MOVING COMPANY Pleasant Hill, MO, hire Centurion Moving & Storage. Welcome to the neighborhood! Centurion Moving is proud to call Kansas City home for our customers. We want to be the first to welcome you to the Pleasant Hill community. As tried and true long-time residents, we know Kansas City and the rest of the metro like the back of our hands.
Look no further for trusted local Local Moving Company movers. With over 25 years experience, Centurion has provided moves within the metro Kansas City area as well as to other points throughout the country. We have a variety of truck sizes that can service any size move from a small apartment to a large home. All of our uniformed movers are full-time, fully trained employees, and each undergoes a drug screen and background check.
"Local Movers With No Hidden Fees
I would highly recommend Centurion for any of your moving needs. The teams were careful, polite, and overall very professional. The prices were reasonable, in fact, they beat any of the other bids we received from various agencies. There were no hidden fees or surprises. HIGHLY RECOMMEND!
Beri Edwards
We Know Kansas City
From downtown, to North Kansas City to the surrounding suburbs, Centurion Moving knows the fastest, most efficient routes for your move. Our seasoned staff members will plan all of your moving logistics and our team of local Kansas City movers will make the move with the utmost care and respect for your items.
Pleasant Hill's Local Movers
Centurion Moving is the go to moving company for all of Pleasant Hill & the Kansas City metro. Here's why:
- We are one of the highest rated Kansas City local movers around.
- Our team provides accurate estimates that include all moving expenses up front so there are no surprises during or after your move.
- We have a virtual and an in-home estimate team to visit all large homes and take detailed inventory lists.
"Professional Local Movers
We used Centurion for our last move and we were extremely pleased with the entire process. They were quick, professional and I would highly recommend them to anyone I know. I will definitely be using them in the future.
Heather Knoll
Contact Centurion Moving & Storage for Local Moving Services in KC Today!
What you see above are just a few of the ways we set ourselves apart from other local moving companies on both sides of the state line in Kansas City. Whether you're moving from outside of Kansas City to the city or you already know the different areas of KC, there's no denying the benefits of using local movers. Pleasant Hill has a lot of ins and outs, so for the best moving experience, you want a company that knows them all.
As our satisfied customers will tell you, that company is Centurion Moving & Storage. We are the perfect combination of Kansas City knowledge, moving experience and commitment to our customers. There's virtually nothing we won't do to make sure you are satisfied with your move. We're committed to being the only moving company in Kansas City you'll ever need or want to use.
Anything You Need For Moving
We are here for you, for whatever you need moved! If there is a service for moving that you need that is not listed please feel free to ask one of our friendly moving concierge at (816) 221-6683.
Our team will assign you a single point of contact that will be there for you every step of the way. From the first call to the last box, your move concierge will be there for you!
The Centurion Moving staff is the best is in the business! Our movers have at least three years of moving experience, while our moving foremen have at least five years of experience leading moves.
Our local movers will blanket wrap all furniture in order to properly protect and ensure a safe transport of all of your prized pieces.
"The Best Local Movers
I would highly recommend these guys.... They worked their butts off; protected everything before moving in & during move & were very nice.... I am so impressed with their work. Thank you Centurion!!!"
Kelly Rupp
Proper Equipment & Safety
We also utilize the proper equipment to ensure a safe and efficient move. This includes floor protection materials, wardrobe cartons to safely move hanging items and furniture blankets to protect your belongings in transit. Our well-trained movers are prepared to move you safely, efficiently and cost effectively.
We take on most of the burden of moving, but you have work to do as well. Check out moving calendar to stay on track leading up to your move! Find the moving calendar here.
Still wondering what you can do to help the move go smoothly? Check out How You Can Help Your Move.


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MARTINEZ, Ga. – Senior forward Reece Wiedeman (Suwanee, Ga.) of the Georgia College men's basketball team (13-8, 7-6 PBC) was named the Peach Belt Conference (PBC) Player of the Week, the conference office announced Monday. This marks the first such honor for both Wiedeman and the Bobcat men's basketball team this season.
Wiedeman averaged 19.0 points and 6.5 rebounds per contest over two big wins this week. His best game was his first, a 25-point, eight-rebound performance in the win over No. 7 Augusta State University Thursday. He was efficient, hitting 10-of-15 from the floor. Wiedeman followed that up with 13 points, five boards and a pair of blocks in the win at USC Aiken Saturday.
All-time, the Bobcat men have had 20 players named to this list. The most recent honoree was Josh Hurst (Athens, Ga.) taking the title Feb. 22, 2010.
The Georgia College Department of Athletics, back-to-back winners of the PBC Commissioner's Cup, sponsors 10 varsity athletic programs at the NCAA Division II level. As a Division II program, Bobcat Athletics prides itself on balancing the life of the student-athlete, evidenced by the teams' multiple appearances in post-season competition as well as documented academic success and community-service involvement. Sign up at www.twitter.com/BobcatSports and www.facebook.com/gcbobcats for up-to-the-minute reports, and visit www.GCBobcats.com for more information, and to nominate your favorite former Bobcats and Colonials to the GC Athletics Hall of Fame.


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Licensed Practical Nurse LPN
To apply directly to this job, please click on the Apply button. To apply later, click on the Add to Cart button.
Company Name:
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Birmingham, AL
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Full Time, Part Time, PRN Licensed Practical Nurse LPN All Shifts Available
Brookdale University Park SNF 501 University Park Drive Birmingham, AL 35209
Job #: BSL671710
Bringing new life to senior living.
We''re looking for a nurse (LPN or LVN) who''s ready to make an impact at our senior living community. This position offers work/life balance, opportunities for advancement, and the chance to form meaningful bonds with our residents and their families.
You''ll experience life affirming moments as you ensure our residents receive the best care possible. You''ll assist with writing care plans, administering medication and treatments, reviewing treatment sheets for accuracy, and supervise nursing assistants. You''ll help our residents look and feel their best.
Required Skills:
Required skills and qualifications:
* Current Licensed Practical Nursing (LPN) within the state of practice
* Current CPR and first aid certifications a plus
* Two years of relevant nursing experience
* Flexible schedule, including availability to work evenings, weekends and holidays as needed
* Must enjoy working with the senior population
If you''re a Brookdale associate, please consider referring someone through the Good People Program!
Brookdale is an EOE-(Equal Opportunity Employer) and drug-free workplace.
Benefits: Brookdale offers a number of benefits to full-time associates including, but not limited to: medical, dental, vision, disability, life, paid time off, educational reimbursement. All associates, age 21 and older, are eligible to participate in the 401(k) retirement savings plan.
Saturday - Jul. 20, 2019
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Follow This Company
Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A leading global transportation services provider, the company operates approximately 200,000 vehicles and serves customers from nearly 1,000 locations in the United States, Canada, Mexico, South America, and Europe. Product lines include full-service leasing, contract maintenance, commercial and consumer rental, integrated logistics services, and supply chain management solutions. Penske Truck Leasing's annual revenues are approximately US $3.4 billion.


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Bakers, Start Your Ovens!
You've found your way to our community page!
We're transitioning from our old Bakers Circle network to new, exciting places to stay connected. Check out all the ways to share your baking, get inspired, and interact with our community of bakers.
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Follow along for a dose of delicious, mouthwatering baking inspiration and photography on Facebook, Instagram, and Twitter. Share your own photos and ask questions using #kingarthurflour.
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Call us at 855-371-2253, or reach out by email or chat.
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Browse Our Recipes
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For years the pattern has been the same. At the beginning of the year forecasters acknowledged that growth has been weak but envisage a pickup later in the year. As the year wears on, however, the monthly numbers disappoint or come in mixed and forecasts are marked down. This year, severe winter weather led to a sharp turndown in economic activity in the United States in the first quarter, followed by a bounce-back in 2Q. The consensus among economists has been that real GDP growth will settle in to a trend-like 3% rate in the second half and into 2015. Economists are also forecasting an upturn in growth in Europe and Japan as extraordinary monetary stimulus shakes economies in those regions out of the doldrums. Paradoxically, meanwhile, equity markets have risen worldwide as corporations have found ways to raise earnings despite the uneven and generally sluggish growth in their economies. Is this pattern coming to an end, or can we look forward to a repeat of the now familiar pattern?
In the United States, the case for stronger growth appears to be on fairly solid ground. No single sector is booming, but most are showing signs of sustainable expansion. Equipment spending by corporations, which has fallen short of levels typical in past economic expansions, is this year rising at a 6.6% rate — up from 4.6% last year. Housing construction came virtually to a halt this winter in the northern states, but is on track to rise at a double-digit pace in the second half of this year. With belt-tightening largely over in state and local governments, government spending, which has declined for four years in a row, will no longer be a drag on growth. Consumer spending is rising at a 2.3% pace, which is not fast enough to provide much of a boost to the rest of the economy, but sales in some areas, such as motor vehicles, are strong. Exports, meanwhile, continue to expand at a modest pace despite slow growth abroad and a higher dollar.
More than a few observers expected the massive provision of liquidity by the Fed through its quantitative easing (QE) programs since 2008 to have resulted by now in a rise in inflation. (In quantitative easing the central bank buys bonds and pays for them by crediting banks' reserve accounts — in effect by printing high powered money.) So far that has not happened. The Fed's preferred measure of inflation, the Personal Consumption Expenditure ex Food and Energy price index, has failed to rise above the Fed's target of 2% in the past four years, and rose at only a 1.5% annual rate in July. Moreover, the bond market expects inflation to remain under control. The long-term expected inflation rate implied by the difference in yields on nominal 10-year Treasury bonds and 10-year TIPS is currently just 2.02% (as of September 18, 2014).
The picture abroad is not as rosy, but there are reasons to expect an improvement in coming quarters. The euro area is out of its post-crisis recession, though it barely grew at all in the first half of the year and is still skirting with price deflation. The European Central Bank (ECB) has initiated a number of measures to stimulate the economy, including cutting short-term interest rates to nearly zero, charging more for banks to park their money at the Bank, and promising to engage in large-scale bond buying in a milder version of the quantitative easing (QE) engaged in by the Fed.
Bond yields have dropped throughout the eurozone, in part reflecting weak credit demands but also the prospects of ECB stimulus. Amazingly, yields on 10-year government bonds in Ireland and Spain are now trading below those on 10-year U.S Treasuries. The market, at least temporarily, appears to be charging either a small premium or no premium at all for credit risk despite the region's recent history of bailouts and a default by one member state (Greece).
Japan's economy, meanwhile, shrank 7.1% in 2Q following a hike in the country's consumption tax to 10%. Policymakers deemed the tax hike necessary to curb growth in Japan's public debt-to-GDP ratio, which at over 200% is one of the highest in the world. The tax hike, however, now appears to be a replay of the widely criticized decision in 1997 to hike Japan's consumption tax in the face of a weak economy; the tax hike effectively ended an incipient expansion. Plans for a further tax hike, however, have been put on hold. Japan's government, meanwhile, insists it is pushing forward with further QE-type monetary stimulus measures to stimulate the economy, and to follow through on promises of fundamental reforms in the regulatory hamstrung Japanese economy.
In both the euro area and Japan, one of the main results of the extraordinary monetary easing underway has been decline in their currencies. Further declines in the euro and the yen relative to other currencies, including the dollar, are likely, in our view. The weaker currencies will eventually make exporters in the eurozone and Japan more competitive, which will boost growth in the rest of their economies. The short-run effects, however, will include a decline in the value of euro- and yen-denominated stock and bonds for dollar-based investors. The rise in the dollar may also hurt the sectors of the U.S. economy that obtain a large portion of their revenues from overseas sales, such as energy, materials, technology, and — to a lesser extent — industrials. Some caution is in order before concluding that these sectors will underperform, however, because they are among the sectors most likely to benefit from a pickup in growth in the United States and abroad. In the years before the 2008-09 recession the more globalized U.S. sectors outperformed because they benefitted from both a falling dollar and strong growth; those two factors are now working to counteract one another.
In sum, our base case scenario for the outlook is one that allows for cautious optimism. The U.S. economy seems to be getting onto a path of modest, noninflationary growth. Economic performance in Europe and Japan has disappointed, but massive monetary stimulus and weakening currencies point to a pickup in activity within a few quarters. Interest rates appear to be poised to rise gradually in the United States, but not abroad. Stock markets around the world have managed to do well in worse circumstances than these over the past few years, and there might seem no reason to expect otherwise in the near future.
While the outlook for the global economy is generally favorable, it would be foolhardy not to acknowledge the existence of downside risks. In our view the main risks are a pop in inflation, stagnant growth, and a collapse in China's economy. Let's take a look at each in turn.
An upside inflation surprise? Since the Fed began its QE programs in 2008 it has added over $2.2 trillion in Treasury and mortgage-backed securities to its balance sheets. Central banks in the United Kingdom, the euro zone, and Japan have also engaged in substantial monetary easing. Critics have long warned that the extraordinary monetary easing would result in inflation, but inflation has remained low and sometimes slipped into deflation in the world's major economies in recent years. The main reason inflation has not increased is that an enormous amount of slack has existed in the global economy. Even in the fastest growing economy in the developed world, the United States, the pace of the recovery has lagged past recoveries. But the unemployment rate, which was rising when the Fed began its first QE program and eventually reached 10%, has since fallen to 6.1%. In other words, the slack in labor markets is now smaller, suggesting that the likelihood of a pickup in inflation has risen, and is arguably the greatest since the end of the recession in August 2009.
Policymakers are watching labor markets closely because it is unlikely that price inflation could take off without wage inflation. Labor costs, after all, are about 70% of corporate costs. Wage growth has been slow since the recession — certainly slower at the current degree of unemployment than before the recession (Exhibit 5). Paradoxically, this may be a danger sign. As Janet Yellen pointed out in her review of labor market conditions at the Fed's Jackson Hole conference in August, it could be a sign of pent-up wage deflation. The idea is that workers resist nominal wage decreases — and employers are reluctant to insist upon them — in recessions. This means that wages are temporarily above market-clearing levels. When hiring picks up, new workers may be willing to accept jobs at existing wages. Those wages seem attractive because they are abnormally high given labor market conditions. Eventually, however, a tipping point may be reached when the pent-up wage deflation is absorbed, and wages spike upward. This appears to have happened in the United States in the 1930s, the last period of sustained recovery from a severe financial crisis and economic contraction. 1
1 See Michael Feroli, "Pent-up wage deflation: lessons from the Great Depression," JP Morgan Global Data Watch, September 12, 2014.
The Congressional Budget Office estimates that the U.S. economy is currently operating at about 4% below its full-employment potential. This is below the 7.2% potential GDP gap reached in 3Q 2009, but still large enough to make the development of a wage-price spiral appear to be many quarters away. Success in avoiding inflation, however, ultimately rests with the Federal Reserve. Fed officials are confident that they have the tools to nip any unwelcome rise in inflation in the bud. Skeptics are not sure that the enormous amount of liquidity added to the financial system since 2008 can be removed easily or quickly.
Stagnant growth? Although the U.S. economy is in its strongest position since the recession began in late 2007, it has managed to eke out an average growth rate of only 2.1% in the five years since the end of that recession. And despite that growth, the economy is still one of surplus labor and surplus capital: Unemployment, while falling, is still above full-employment levels and long-term interest rates are still some of the lowest in decades. Business investment is picking up, but corporations are still sitting on hundreds of billions in idle cash. Loan volumes are also picking up, but most of the trillions in reserves provided to the financial system still reside in banks' excess reserves. The concern is that the economy may lapse back into a slow growth mode, and that the tepid growth could last for years to come.
Explanations for the slow growth of the past five years abound, including political uncertainty that has made firms reluctant to invest, inadequate aggregate demand, a rapidly aging population, infrastructure bottlenecks, and the exhaustion of productivity gains from a more educated population. Analysts will be trying to sort out the influence of these factors on growth for years to come. Our view is that the slow growth is a largely predictable as fallout of the unusually severe 2008-09 financial crisis and recession. As Carmen Reinhart and Kenneth Rogoff noted in their 2009 book This Time is Different (published at the beginning of the current run of slow growth), it is not unusual for economies to take many years to recover from the collapse of a real estate or other bubbles. It takes time for balance sheets to be repaired, net worth to be restored to comfortable levels, and resources to be redeployed to more productive uses. The most likely scenario, in our view, is that for the United States, this adjustment process is mostly over — but a longer period of slow growth must be acknowledged as a possibility.
A collapse in China? It is hard to envisage China's policymakers as walking a tightrope, but that is what they are doing in trying to achieve balanced growth. They are trying to contain an overheated real estate market, keep a lid on inflation, maintain a competitive currency, and reform bank lending practices — all without curtailing growth. Real GDP growth in China, which averaged 9.7% per year in 2002-10, has since slowed to a 7.3% pace, and some economists believe there is considerable risk that it may fall below that pace. A deceleration to 7.3% GDP growth can be attributed mostly to the slowdown in growth in China's major export markets. The slow-growing European Union, for example, is normally the destination for about 19% of China's exports. Some of the slowdown can also be attributed to the maturation of the Chinese economy, and the beginning of a shift from export-led growth to growth intended for the domestic market. Growth in developing countries often slows once the big gains from transfer of rural workers to production in urban centers are over. Any decline in China's growth below 7%, however, would be worrisome and have global implications. It was China's extraordinary growth in the past decade that was one of the main drivers of commodity prices and of growth in emerging economies that supplied China with raw materials. It is no surprise, then, that emerging market equity prices and commodity prices tend to track one another closely (Exhibit 7). It is also no surprise that growth has slowed in several Latin American economies such as Argentina, Brazil, and Chile that have been among the largest suppliers of the commodities that fueled China's growth. But a slowdown in China and other emerging markets affects the developed markets, too. According to IMF research, a one percentage point slowdown in growth in the emerging economies lowers growth in the developed economies by a quarter of a percentage point because of reduced trade. This suggests that trade is a two-way street: While a slowdown in growth in the developed world reduces the demand for exports from the emerging economies, slow growth in the developing world can subtract from growth in the advanced economies, too.
The challenge for investors this year has been to try to determine whether weak patches in the United States, Europe, and Japan are transitory or symptomatic of a longer stretch of stagnation to come. In all three regions the outlook now appears a bit brighter. Fed tapering is coming to a close, and the markets expect a gradual tightening of short-term rates to begin next year. This outlook does not, in our view, imply that large shifts in our investment recommendations are warranted. The main elements of our investment strategy have been to maintain a substantial allocation to equities, to avoid long duration in fixed income and favor bonds that provide a spread over U.S. Treasuries, and to stay diversified using alternatives. Within equities we continue to tilt our allocation toward international markets, especially in the developed world, but have a tactical underweighted position in place in the emerging markets. We will be watching closely as economic developments unfold, with an eye on whether the Fed will be forced by growth and inflation surprises into a more rapid tightening than the markets envisage, or, conversely, growth disappoints once again and inflation remains subdued.
This information is compiled by Cetera Investment Management.
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text:
We thought we'd see Chad Henne this season, just not this soon.
Jacksonville Jaguars coach Gus Bradley announced Monday that starting quarterback Blaine Gabbert has been ruled out for this Sunday's game against the Oakland Raiders after sustaining a laceration on his throwing hand during the team's 28-2 loss to the Kansas City Chiefs.
Gabbert jogged off the field in the season opener's final minutes Sunday after suffering the cut, which Bradley told reporters was "severe" enough to rip off a portion of the passer's skin on his right hand, The Florida Times-Union reported.
"It's got to heal, and we need to keep it clean," Bradley said. "The big concern would be with the amount of stitches, that it could re-open and then the chance of infection occurring. We're going to handle that right. Hopefully we get him back next week or after the (Week 3) Seattle game."
With Gabbert already playing through the pain of an injured thumb on the hand, the Jaguars sputtered from the start against the Chiefs, advancing past Kansas City's 36-yard line only once in four quarters.
Gabbert hit on 16 of 35 passes for 121 yards with two interceptions, but those numbers are deceiving. He was incapable of sustaining drives or generating points in what turned out to be an ugly beginning for the Bradley regime.
Despite the outing, the Jaguars planned to stick by their man, announcing Sunday night that Gabbert would get the nod against the Raiders if healthy.
Now it's Henne's turn, and he might not leave the lineup if he can move the ball. There's clear commitment in Jacksonville to discover -- once and for all -- what Gabbert is capable of, but not at the expense of winning games.The "Around The League Podcast" is now available on iTunes! Click here to listen and subscribe.


text:
The Kansas Alpaca Association will have its annual Alpaca Farm Day Saturday at the Marion County Fairgrounds 4-H Building, 213 West D St. in Hillsboro.
Exhibits will be open from 7 a.m. to 4 p.m. and will feature live Alpacas and many kinds of Alpaca products. Owners will demonstrate carding and spinning the animal fleece.
For more information e-mail Mike Terry at email@example.com or Ron Dies at firstname.lastname@example.com.


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Mandriva One is one of three desktop Linux distributions published by Mandriva. It is a Live CD edition with the option to install to hard disk. Mandriva One 2010 is the first release of Mandriva One to have support for setting up LVM. LVM had only been possible in the Free and Powerpack editions. This tutorial offers a step by step guide on how to configure LVM on Mandriva One 2010.
Though this tutorial is based on Mandriva One, the same steps would apply if you were setting it up on Mandriva Free and Mandriva Powerpack. You may consider this an updated version of setting up LVM on Mandriva Free 2009.
Updated December 7, 2009: Note that it has been reported (bug report 55503) that Mandriva 2010 cannot mount LVM volumes upon reboot. I've not been able to reproduce this bug with any installation of Mandriva 2010, and I'm pretty sure that if you follow the instructions in this guide, that you'll have a trouble-free (pertaining to mounting LVM volumes) installation of Mandriva 2010. The screenshot below is the output of 'df -h' from a laptop running Mandriva Free 2010 with LVM configured:
What are the benefits of configuring LVM?
Because the partitioning aspect of installing Mandriva One, Mandriva Free and Mandriva Powerpack makes up the bulk of the steps involved in installing them, you might as well consider this a Mandriva 2010 installation guide. The parts that are not covered here need no explanation. Just point and click.
The screenshot below is the first window pertinent to this tutorial that you will be presented with. Depending on the state of the hard disk(s) on the PC, you will get the following options:
- Use free space – if there is no other OS installed on the disk or if there is one already installed and you need to dual boot
- Custom disk partitioning – use this if you want to create something personal
- Use existing partitions – this option is available only if there are existing Linux partitions on the disk.
In this test system used for this tutorial, only the first two options were available – there were no existing Linux partitions on the disk. Select 'Custom disk partitioning' to begin partitioning the disk(s).
With Custom disk partitioning selected, click on the 'Next' button.
This is just a friendly warning. Select 'Exit' and backup any useful data still on the disk, or select 'Continue' and click 'Ok.'
On this screen, you are in normal mode. For this tutorial, it is necessary to be in expert mode. So click on the 'Toggle to expert mode' button.
This is where we need to be, in expert mode. To begin creating partitions, select the disk (the bar under the 'sda' button and click on the 'Create' button.
The first partition we need to create is a non-LVM partition for the /boot directory. /boot should always be created as a non-LVM, primary disk partition. Use the values shown in the screenshot. For size, I've chosen 120 MB, which should be more than enough. Most distros allocate 100 MB to 120 MB to /boot. On a finished Mandriva system, /boot uses just 18 MB of disk space, so 120 MB should be more than enough. 'Ok.'
With /boot out of the way, the next step is to initialize the rest of the disk for use as an LVM volume. That means that we are going to create a Physical Volume (PV). To do that, select the unallocated part of the disk and click 'Create.'
On this screen, don't mess with the 'Start sector.' For size, make sure you select all the unallocated space left on the disk. 'Filesystem type' should be 'Linux Logical Volume Manager.' 'Ok.'