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Behind the September Jobs Report Numbers

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The streak is over, but that is very misleading.

With over three consecutive years of unemployment above 8 percent, September’s still disappointing jobs report shows an addition of a meager 114,000 jobs. That’s enough to make unemployment drop to 7.8 percent from the 8.1 percent after August.

The number of unemployed persons (12.1 million) dropped by 456,000.

The number of persons unemployed (2.5 million) for less than 5 weeks declined by 302,000.

The number of long-term unemployed persons (jobless for 27 weeks or more) was little changed at 4.8 million.

The number of long-term unemployed persons accounted for 40.1 percent of the unemployed.

Total employment rose by 873,000 in September.

The Labor Force Participation rate was little changed at 63.6 percent.

The number of persons employed part-time for economic reasons rose from 8.0 million in August to 8.6 million in September.

If the number of unemployed dropped by 456,000, but only 114,000 jobs were added, that means that 342,000 people left the workforce in some fashion. Couple that with the fact that the number of part-time workers saw an increase of 582,000 while manufacturing unemployment saw a decrease of 16,000 jobs and this drop in unemployment rate begins to looks less and less optimistic, and more like a misleading mathematical equation.

In 2012, employment growth has averaged a gain of 146,000 jobs per month, a drop from the average monthly gain of 153,000 in 2011. Given these numbers, the 114,000 jobs added in September begin to look worse and worse, regardless of what the often-misleading unemployment rate says.

The much more telling U-6 unemployment rate, which accounts for unemployment, underemployment, and those marginally attached to the workforce, remained the same at 14.7 percent. That 7.8 percent number does not include so many factors and does not tell the whole story. For instance, if a worker should be employed full time but could only find part time work in September, they helped the “unemployment rate” decrease from 8.1 to 7.8 percent, but they would not have changed the U-6 number at 14.7 percent.

Source: The Independent Journal

IS IT TRUE October 5, 2012

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The Mole #??

IS IT TRUE October 5, 2012

IS IT TRUE that the 3rd District race for School Board is becoming extremely interesting?…that a newcomer to local politics is getting the attention of the old political guard that has controlled EVSC board for years? D-Patrick Executive Tony Ricketts looks like he is on his way to be elected to this board because of the way he has ran a flawless, aggressive and positive campaign?…that Jeff Worthington is giving a 21 years veteran of the school board a run for his money to win the second slot on this board? …word in the street is that voters are saying that preacher, Terry Gamblin after 21 years of serving on this on this body is long enough?…that a real political upset may be in the making because the mood of the voters is that it’s time for a change?

IS IT TRUE that the race for the other seat on the school board isn’t on the political radar?…that a political backlash is quietly brewing between Mike Duckworth and Karen Ragland supporters because of the negative way she has been allegedly treated by him and his other school board buddies over the last several years?…conventional political wisdom predicts that Karen Ragland shall prevail in this next to nothing public campaign for this seat?

IS IT TRUE don’t be surprised to hear that the Evansville Water and Sewer Department may have a major financial meltdown on their hands?…that Mayor Winnenke’s public statement that all is well with the City of Evansville accounting records that they are now balanced and everything is just fine may be proved to be wrong at this coming City Council meeting?

IS IT TRUE that just as predicted by cynics for a year now the September jobs report is positive and the “official” unemployment rate has dipped below 8% for the first time in nearly 4 years?…the payrolls increased by 114,000 jobs in September to bring the “official” rate down to 7.8% when the expectations as of yesterday were for the job creation number to be 118,000 with an “official” unemployment rate of 8.1%?…that the expectation and the result don’t seem to make sense?…if creating 118,000 jobs would not changed the “official” unemployment rate at all yet adding 4,000 less jobs than expected lowers the rate by 0.3% then all we need to do to be at a healthy 5% “official” unemployment rate is make sure that about 250,000 jobs are eliminated and use the same assumptions and adjustments that were just published?…that is counterintuitive that statistics could work this way but hey, it is from the government that excludes the food and energy prices from inflation numbers so what the heck?…that also in the report was a disturbing figure that the number of people with part time jobs that are seeking full time work INCREASED by 900,000 to 8.6 Million Americans?…that we wonder if those 900,000 were from people getting their hours cut or people who found a part time job that were previously not working?…that is a big enough number to call out for some clarity as it was 689% higher than the “official” job creation number?

IS IT TRUE that the brain trust of Democratic Vice Presidents for the last 32 years provided us with even more entertainment that just makes you want to ask if they were dropped on their head as children?…that former Vice President Al Gore was trying to explain away President Obama’s butt thrashing in the debate by blaming it on the altitude in Denver?…that one ranks up there with blaming the President’s poor performance on the Hale-Bopp comet, the leprechauns in the basement, or even the Easter bunny?…that current VP Joe Biden spoke another INCONVENIENT TRUTH in a very loud and enthusiastic manner?…this time Biden was in your face with a new chant of “YES WE WILL”?…he was talking about a $1 Trillion tax increase?…that the gifts of entertainment just keep on coming from the peanut gallery of the Democrat VP Club?

METS Adds Fall Festival Express Bus

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Due to the volume of passenger METS is adding a Fall Festival Express Bus. The bus will express between the Downtown Transfer Terminal and the Fall Festival temporary bus stop at Wabash and Franklin during the evening hours.

Click here for a map of the bus route

USI hosts reorganization debate October 17

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USI
Mayor Lloyd Winnecke and Sheriff Eric Williams (Yes) will debate County Treasurer Rick Davis and the Rev. Adrian Brooks (No) on city-county reorganization at 7 p.m. Wednesday, October 17, in Carter Hall in University Center West. Doors will open at 6:30 p.m.

The moderator for the event is Brad Byrd, lead anchor for Eyewitness News and Local 7.

The debate is sponsored by the USI Master of Public Administration (MPA) program and the MPA Society.

For more information, call Dr. Matthew Hanka, assistant professor of political science, director of the MPA program, and advisor to the MPA Society, at

Ribbon-cutting for USI-Burdette Trail on October 10

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USI
A ribbon-cutting for the USI-Burdette Trail, a three-mile paved pedestrian, bicycling, and nature trail stretching between the University of Southern Indiana campus and Burdette Park, will be held at 10:10 a.m. Wednesday, October 10, at the trailhead near the USI Broadway Recreational Complex on Broadway Avenue.

USI President Linda L. M. Bennett, Marsha Abell, president of the Vanderburgh County Commission, and Cheryl Musgrave, president of Keep Evansville Beautiful and former president of the County Commission, will offer brief remarks. Other individuals and public officials who have supported the project over the years will be in attendance.

If it rains, the event will be held at Burdette Park’s Discovery Lodge.

The public is welcome to attend. Refreshments will be served.

The USI-Burdette Trail was designated as a National Recreation Trail by the Secretary of the Interior in 2008. This trail also is part of the American Discovery Trail (ADT) that passes through Indiana as part of the “Crossroad of America.” For more information, go to www.usi.edu/trails.

VANDERBURGH COUNTY FELONY CHARGES

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VANDERBURGH COUNTY FELONY CHARGES

This feature is sponsored by Chris Walsh For Vanderburgh County Clerk. Chris Walsh is a veteran county administrator that strongly supports our local law enforcement professionals . Chris Walsh is a candidate that possess a non-partisan attitude with a consumer friendly demeanor. Chris also stands against unification of city and county governments.
This ad paid for by the committiee to elect Walsh Clerk.

VANDERBURGH COUNTY FELONY CHARGES

Evansville, IN – Below is a list of felony cases that were filed by the Vanderburgh County Prosecutor’s Office on Wednesday, October 03, 2012.

Ryan King Domestic Battery – Class A Misdemeanor
(Enhanced to a Class D Felony due to Prior Convictions)
Public Intoxication – Class B Misdemeanor

Hubert Mayhugh, III Criminal Mischief – Class D Felony

For further information on the cases listed above, or any pending case, please contact Carly Settles at 812.435.5688 or via e-mail at csettles@vanderburghgov.org.

Under Indiana law, all criminal defendants are considered to be innocent until proven guilty by a court of law.
SENTENCE CHART

Class Range
Murder 45-65 Years
Class A Felony 20-50 Years
Class B Felony 6-20 Years
Class C Felony 2-8 Years
Class D Felony ½ – 3 Years
Class A Misdemeanor 0-1 Year
Class B Misdemeanor 0-180 Days
Class C Misdemeanor 0-60 Days

Judge Carl A. Heldt III: Recipient of 2012 CCO Mole Award

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Honorable Judge Carl A. Heldt III

Carl A. Heldt III entered into this world on March 14, 1944 as all of us do without title, without education, and certainly without the respect of the robe of a judgeship commands.

Seeing education as a way not only to prosper but to contribute to the greater good young Heldt attended St. Paul’s Lutheran Grade School and went on to graduate from Evansville’s Central High School in 1962 where he was class president, lettered in football, basketball, and baseball. This son of Southwest Indiana then headed to the northern part of the state to attend Valparaiso University and earning a Bachelor of Arts Degree in 1966. He followed up on that learning experience by graduating from the Indiana University School of Law with a Juris Doctorate in 1969.

With the new and lucrative prospects of a legal career at his disposal Carl chose instead to serve the United States of America in both the US Army and the Indiana Army National Guard where he earned the rank of 1st Lt., Infantry.

As an attorney Heldt served as a partner of the law firm of Lacey, Terrell, Annakin, Heldt and Baugh from 1970 through 1998 when he was appointed to the honorable position of Vanderburgh Circuit Court Judge by Indiana Governor Frank O’Bannon. Judge Heldt still serves the people of Vanderburgh County as their Circuit Court Judge successfully re-elected in both 2000 and 2006.

The desire to serve the public was strong in Judge Heldt’s character as was demonstrated by his service as Assistant City Attorney, Deputy Prosecuting Attorney, and as Assistant County Attorney while maintaining his partnership in private practice.

Judge Heldt’s career has afforded him the privilege of serving as a member of the Board of Directors of the Judicial Conference of Indiana, member of the House of Delegates of the Indiana State Bar Association where he has been honored with both a Civility Award and the Outstanding Judge Award in 2010. He has served as the President of the Evansville Bar Association where he has been honored with the Doran Perdue Service Award and the James Bethel Gresham Freedom Award. The Evansville Bar Foundation called on Judge Heldt to serve as its President and the Indiana Bar Foundation named him a Fellow.

The private life of many highly accomplished people sometimes pays the price of ambition, but in the case of Judge Heldt, he has balanced his responsibilities to make room for his wisdom and energy as a member of the St. Mary’s Catholic Church, to serve on the Board of Directors of the Media Ministries, and as a President of the Evansville Downtown Quarterback Club

Judge Heldt’s passion for the game of golf lead him to become a Director of the Rolling Hills Country Club, to serve as an Official of the USGA, NCAA, and City Tournament Golf Rules and maintain an active membership in the United States Golf Association.

Judge Heldt enjoys life with his wife Jeanene Heldt and their four children Carl IV, Carrie, Thomas, and Joshua. The crowning reward for Judge Heldt’s life of humble accomplishment is the joy of being a meaningful part in the life of ten grandchildren.

For a life of service to the Evansville community, the State of Indiana, and the United States of America the City County Observer is pleased to name Judge Carl A. Heldt as the recipient of one of five 2012 “Mole” Awards.

IS IT TRUE Part 2 October 4, 2012 (The Presidential Debate)

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IS IT TRUE Part 2 October 4, 2012 (The Presidential Debate)

IS IT TRUE that debate and giving a speech are very different skills as the art of debate involves thinking quickly and clearly communication a response in real time to ones opponents claims while giving a speech with the aid of speechwriters and a teleprompter really is more like a performance without feedback?…we have all known for a long time that President Obama is perhaps the best speechmaker in the history of the presidency?…the limited debate skills of John McCain in the 2008 election coupled with the manic embrace of candidate Obama’s message of hope and change made for a situation where President Obama really was not tested as a debater until last night?…that many charismatic preachers are quite good at delivering a sermon to the converted but would get destroyed in a formal debate on any subject at all?…that last night was one of those nights when President Obama who is a magnificent deliverer of speeches ran into a brick wall when it comes to the skills needed to compete in a formal debate setting?…that Mitt Romney took President Obama to school in last night’s nights Presidential debate in every way possible?…many people are surprised but that was just the way it was on the evening of October 3, 2012 in Denver, CO?

IS IT TRUE the topics chosen for the debate were the right topics and that the moderator continuously asked the two candidates to differentiate between themselves?…that Jim Lehrer while not keeping the stallions in check and on schedule did lay down the right ground rules?…Mr. Lehrer has been getting some guff in the press this morning for failing to herd the candidates well but telling the President of the United States to stop talking when he is 6 minutes into a 2 minute segment does take some nerve?…both candidates did seem to run all over Mr. Lehrer when it came to the 2 minute segments but much good information was aired and some answers with respect to their differences did come out?…that in the after debate discussions with undecided voters it seemed as though most of them did gather some information to help them make up their minds?…we are certain that President Obama is glad that he will have two more chances to debate Mitt Romney and that he is especially pleased that the next debate is a Town Hall forum that is more friendly to a speech maker than a straight up in your face debate?

IS IT TRUE that when Bill Maher, who hates Mitt Romney and donated $1 Million to the Obama campaign starts tweeting “it looks like the President really does need a teleprompter” and “in my opinion Romney won this debate” instead of trying to spin the outcome that the wheels really did come off of the Obama bus last night?…that when Andrea Mitchell (Mrs. Alan Greenspan) and Mika Brzezinski are on NBC discussing how “sick to their” stomach they are about the President’s poor performance then something went seriously wrong with President Obama’s Wednesday?…when the cast of liberals that crow each morning on the “Morning Joe” show on MSNBC seriously discuss the possibility that Obama went on his own and must have ignored his advisors while praising Mitt Romney for the best Republican debate performance since President Reagan’s game changing debate against President Carter in 1980 then all is not well in the Obama Nation?…it is safe to say that when ones best supporters admit defeat rather than claim some platitudinal moral victory that you got your butt whipped?…last night’s debate was in much likelihood a good warm up act for next week’s Vice Presidential debate at Centre College in Danville, KY?…VP Joe Biden has already made the opening statement for Paul Ryan with his “the middle class has been buried in the last 4 years” speech?…it will be interesting?

IS IT TRUE of the things to learn last night one was that President Obama clearly does not understand the expanding economy model of revenue generation?…most kids can understand that 20% of a 10 pound pie is more than 25% of a 7 pound pie?…that concept of cutting tax rates while increasing revenue was not something that President Obama seemed to understand?…he clearly understands redistributing pie but does not have a grasp on how to make the pie in the first place?…if he should win we sure hope he learns something about making pie because the pie we have is just about gone?…the other thing we learned as was echoed on the Morning Joe Show is that President Obama is a poor debater and according to the host he always has been?…it is scary to think of last night’s version of President Obama engaging in a debate with Mr. Putin, Angela Merkel, Syria’s Assad, Akminijad, or the rabble in the streets of the Arab world screaming for American blood?…debate skills and collaboration are more essential to being an effective president than preaching a sermon to the choir?…if America is to achieve its former glory it will be the skills of debate and collaboration that lead us there?

IS IT TRUE October 4, 2012

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The Mole #??

IS IT TRUE October 4, 2012

IS IT TRUE that the morale of employees working in the Building Commission and Codes and Enforcement departments are rock bottom. …it been alleged by 6th Ward City Councilmen, Al Lindsey that one of the Mayor’s political patronage appointees working in these department may be getting special treatment from the Director, Ben Miller? … it may be worthwhile for Mr. Miller sit down and have a serious talk with Mr. Lindsey about his concerns?

IS IT TRUE that Terry White, Atty. candidate for Indiana State Senate has just released press statement committing to sponsoring legislation to assist our returning military Heroes and Wounded Warriors with tax credits and job assistance?… that we from reliable sources that State Senate Candidate Terry White campaign has received a major political jolt from this announcement?…we are now hearing that this race may becoming too close to call?

IS IT TRUE that Executive Director Diane Clements of the Human Relations Commission has rolled up her sleeves and done the legwork to uncover an agreement between the City of Evansville and Vanderburgh County that calls for an 87% – 13% contribution ratio as opposed to the 91% – 9% asserted as justification for reducing the contribution approved unanimously by the County Commissioners?…Ms. Clements in a very real way by her research and her willingness to release it to the media has made the Vanderburgh County Commissioners look rather misinformed?…she should be commended for her thoroughness on behalf of her employer, the HRC?…that good diligence does not excuse the runaway pursuit of settlements at the expense of the Evansville Rescue Mission but it does show good management skills?…there have been many people who have shown good management skills and sound judgment in the non-profit world of Evansville, IN who have made elected officials look like dopes before and all of these people are no longer serving in the positions they once held?…the CCO encourages Ms. Clements to reflect on the agency that she has run, to expose any SNEGAL activities she has had to deal with, and to out any individuals whether elected or not for being dopes?…she can then look forward to a better job in another location as the dopes in charge in Evansville are very skilled at protecting their territory?

IS IT TRUE that it has now been 6 days since the City of Evansville was exposed for having failed to reconcile their accounts for 21 months?…there has been no one called on the carpet for an explanation, no accountability administered, and even a proclamation from Mayor Winnecke that it is all better now?…that it seems as though the powers that be just do not understand the gravity of failing to comply with Indiana law and not having the ability to count the taxpayer’s money for 21 months?…of all of the idiotic things that make one’s head spin that has been exposed in the last 3 years this one is the most serious yet the powers that be are cavalier about it?…that next Monday night at the regular meeting of the Evansville City Council there had better be some call for explanation and accountability demanded by Councilman John Friend, CPA and at least 4 other members of the Council?…the CCO invites all 9 members of the City Council to write position papers on what they think about the City of Evansville’s random and chaotic method of accounting that has been concealed for 21 months until last week’s release of the State Board of Accounts Audit that came with a DISCLAIMER?…that in all fairness current Mayor Lloyd Winnecke and Controller Russ Lloyd Jr. were dealt a rotten hand straight from the bottom of the deck by the Weinzapfel Administration in this matter?…that the CCO believes that the people of Evansville deserve to know if former Mayor Weinzapfel even gave Mayor Winnecke the courtesy of advising him that the accounts were never reconciled in 2011?…if the Winnecke Administration was hung out to dry and had to learn this information in February 2012 when trying to reconcile as opposed to learning it from the outgoing administration that is a real problem that needs to be dealt with?

Berry Plastics Prices IPO at $16: Stock Symbol to be BERY

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October 4, 2012

News Release

EVANSVILLE, Ind. — Today, Berry Plastics Group, Inc. (Berry Plastics) announced that it has priced an initial public offering of 29,411,764 shares of its common stock at $16.00 per share. The common shares are expected to begin trading on the New York Stock Exchange on October 4, 2012, under the ticker symbol “BERY.” The underwriters have the option to purchase up to an additional 4,411,764 common shares from Berry Plastics, at the same price. The offering is expected to close on or about October 9, 2012 subject to customary closing conditions.

BofA Merrill Lynch, Citigroup, Barclays, Deutsche Bank Securities, Credit Suisse, Goldman, Sachs & Co. and Baird are acting as joint book-running managers for the offering.

Lazard Capital Markets, Wells Fargo Securities, SunTrust Robinson Humphrey, Lebenthal & Co., LLC and Apollo Global Securities are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission (SEC). A copy of the registration statement can be obtained from the SEC’s website at www.sec.gov.

The offering is being made only by means of prospectus. A copy of the final prospectus relating to the offering may be obtained from: BofA Merrill Lynch, 222 Broadway, 7th Floor, New York, NY 10038 Attn: Prospectus Department, email: dg.prospectus_requests@baml.com or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone: 800-831-9146.

About Berry Plastics

Berry Plastics Group, Inc. is a leading manufacturer and marketer of plastic packaging products. The Company is a major producer of a wide range of products, including open top and closed top packaging, polyethylene-based plastic films, industrial tapes, medical specialties, flexible packaging, heat-shrinkable coatings, specialty laminates, and FIBCs. With headquarters in Evansville, Indiana, the Company serves over 13,000 customers, ranging from large multinational corporations to small local businesses.

Source: Berry Plastics Group Inc.