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American Independent Mortgage

The American Dream? - FULL LENGTH

You are being robbed before your very eyes! Do NOT allow this to happen anymore! 1. The government borrows money from the privately owned Federal ...

Jobs Openings Surge to Record High 6.2M on Lack of Qualified Workers

U.S. job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers.

The monthly Job Openings and Labor Turnover Survey, or JOLTS , released by the Labor Department on Tuesday also underscored labor market strength that will likely encourage the Federal Reserve to continue tightening monetary policy despite benign inflation and concerns about consumer spending.

"Companies are running out of workers to hire to do the job or even train to do the work, and this is a ticking time bomb for economic growth," said Chris Rupkey, chief economist at MUFG in New York. "Today's JOLTS data bring a September meeting balance sheet unwind announcement a little closer to reality."

JOLTS, is one of the job market metrics on Fed Chair Janet Yellen's so-called dashboard. Economists expect the U.S. central bank will announce a plan to start reducing its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities at its next policy meeting in September.

Buffett Nears a Milestone He Doesn't Want: $100 Billion in Cash

It’s a milestone Warren Buffett probably wishes he weren’t approaching.

Berkshire Hathaway Inc., the conglomerate he’s run for more than five decades, reported Friday that it held just shy of $100 billion in cash at the end of the second quarter.

While that figure highlights the staggering money-making ability of the businesses he’s collected over the years, it’s also a burden. Because Berkshire doesn’t pay a dividend and rarely buys back its own stock, Buffett is on the hook to find ways to invest those funds.

“To put that money to work would be great,” said David Rolfe, chief investment officer at Wedgewood Partners, a money manager overseeing about $6 billion including Berkshire stock. But the “list of companies that he would like to own is very, very small.”

Buffett, 86, addressed the mounting cash pile at Berkshire’s annual meeting in May, saying he hadn’t put his “foot to the floor” on an acquisition for a while and shouldn’t keep so much money earning next to nothing for long periods. The war chest includes some cash-like securities, such as Treasuries.

How can a poor young American be independent these days?

I mean we got a bad economy and prices are going high. I am a green card holder, has a useless AA degree and works in a store for years. What will I do if I lose my job? The mortgage alone, is not half paid.


What is your AA degree in?? If there are no jobs where you are, why aren't you going to the jobs??

I have an AA in information technology. I couldn't find a job where I was - Pacific Northwest. I went to where the jobs are - East Coast.