World Events and the Bible

A site dedicated to World Events and Study of the Bible.

Date: August 11, 2015

Bible Verse of the Day – Psalm 119:14-17

Verse-of-the-DayBible Verse of the Day and Thoughts

Psalm 119:14-15
14 “I have rejoiced in the way of thy testimonies, as much as in all riches.”

15 “I will meditate in thy precepts, and have respect unto thy ways.”

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How U.S. Achieves a 5.3% Unemployment Rate: If You Earn No Money, You Can Still Be Counted as Employed

WEB Notes: There are 3,000,000 more Americans not in the labor force compared to just one year ago.

Source: Wall Street on Parade | Last Friday’s nonfarm payrolls report of 215,000 new jobs in July with its attendant announcement of an unemployment rate of 5.3 percent drew mostly yawns from the media. That wasn’t the case on February 3 of this year when Jim Clifton, CEO of the polling company, Gallup, wrote a stunning opinion piece on the company’s web site calling the U.S. unemployment rate “The Big Lie.” Clifton raised more media frenzy the next day when he appeared on CNBC and suggested he might “disappear” for questioning the government’s unemployment rate.

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China “Loses Battle Over Yuan”, And Now The Global Currency War Begins

WEB Notes: There is nothing to see here, move along, everything is fine. The DOW was up nearly 250 points yesterday so everything “must be okay”.

Source: ZeroHedge | Almost exactly seven months ago, on January 15, the Swiss National Bank shocked the world when it admitted defeat in a long-standing war to keep the Swiss Franc artificially weak, and after a desperate 3 year-long gamble, which included loading up the SNB’s balance sheet with enough EUR-denominated garbage to almost equal the Swiss GDP, it finally gave up and on one cold, shocking January morning the EURCHF imploded, crushing countless carry-trade surfers.

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Generation #fail: Social media addicts are more likely to feel inadequate when it comes to their careers and looks

WEB Notes: I think this is true than more people realize. People do tend to put an extra sparkle on their lives on social media. Then you have some people who are weaker in spirit who see that and think wow my life is boring compared to that. This really does happen to people. I suppose I never have really understood social media. To me if I have to follow someones social profile to keep in contact with them, then to me, they are not that good of a friend. I remember when we used to call our friends on the phone and they used to come over to our homes.

Source: Daily Mail | Most people who use Facebook and Instagram have given in to the temptation to put a little gloss on their lives.

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Russian GDP Plunges 4.6%

Source: Bloomberg | Russia’s economy shrank the most since 2009 after a currency crisis jolted consumer demand, while a selloff in oil threatens to drag the country into a deeper recession.

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California Gov. Bans the Word “Alien”

WEB Notes: Everything is upside down these days.

Source: LA Times | Gov. Jerry Brown signed a trio of immigration-related measures Monday, including one removing the word “alien” from California’s labor code because it is seen as a disparaging term for those not born in the United States.

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