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The Depressing Jobs Report Certainly Offers Some Short Ideas

Oh, God, please don’t make me do it. The U.S. stock market’s extraordinary, positive reaction to a nonfarm payrolls report that was about 50% below expectations — with only 245,000 jobs created in November — forced me to go to the BLS website and actually read the report. This is a horrible report. While some financial news networks attempt to spin it positively, I instead, try to find investment implications. As I mentioned in yesterday’s RM column, virtually no one does this type of analysis when the market hits all-time highs. Finding inflection points is the way to produce returns above systemic market returns, or alpha.

This report paints a picture of an American labor market that has been fundamentally, not temporarily, changed by the Covid-19 crisis. The jobs report is composed of two surveys, the Household Survey and the Establishment Survey. Most observers focus on the Establishment Survey and

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  • December 4, 2020
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While Balboa Park’s Museums Endure COVID-19 Closures, They Look To The Future

In a two-part series, KPBS reporter John Carroll examines how some of the park’s cherished institutions are holding up during the pandemic.

The International Lawn at Balboa Park's International Cottages is shown on De...

Photo by John Carroll

Above: The International Lawn at Balboa Park’s International Cottages is shown on Dec. 1, 2020.

Balboa Park is many things. Among them, the jewel of San Diego is home to most of the city’s museums. But in a transcendental sense it is also a place of peace.

It is the primary mission of the International Cottages to take the concept of peace and make it reality. The House of Pacific Relations is the umbrella group that oversees the Cottages, pacific of course meaning peace. Eugenie King is its vice president.

“They are a jewel of the park. They are something to explore, to develop, to discover,” she said.

At some point in 2021, probably in the spring, visitors will discover new cottages, the first

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  • December 4, 2020
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US Hiring Falls Sharply | Manufacturing.net

A man pushes carts as a hiring sign shows at a Jewel Osco grocery store in Deerfield, Ill., Thursday, April 23, 2020. Friday, Dec. 4, monthly U.S. jobs report will help answer a key question hanging over the economy: Just how much damage is being caused by the resurgent coronavirus, the resulting restrictions on businesses and the reluctance of consumers to shop, travel and dine out?

A man pushes carts as a hiring sign shows at a Jewel Osco grocery store in Deerfield, Ill., Thursday, April 23, 2020. Friday, Dec. 4, monthly U.S. jobs report will help answer a key question hanging over the economy: Just how much damage is being caused by the resurgent coronavirus, the resulting restrictions on businesses and the reluctance of consumers to shop, travel and dine out?

AP Photo/Nam Y. Huh

WASHINGTON (AP) — America’s employers sharply scaled back their hiring last month as the viral pandemic accelerated across the country, adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

At the same time, the unemployment rate fell to a still-high 6.7%, from 6.9% in October as many people stopped looking for work and were no longer counted as unemployed, the Labor Department said. November’s job gain was down from 610,000 in October.

Friday’s report of another

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  • December 4, 2020
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What it’s like for 49ers after temporary move to Arizona

To cap an already unprecedented season happening during an unprecedented pandemic, the San Francisco 49ers had two days to pick up their entire operation and move more than 700 miles to the Arizona desert.

“It’s honestly just the exact same as we were in Santa Clara,” linebacker Fred Warner said Thursday.

That’s because the team’s work schedule hasn’t changed and their routines are largely the same after they were annexed to Glendale. There’s still a locker room, training room, makeshift food area and even a newly constructed weight room available as the team prepares to spend at least the next three weeks, and likely more, away from the Bay Area.

It’s all been installed inside of the Glendale Renaissance Hotel’s event space. The hotel is within walking distance of State Farm Stadium and the team’s practice field, which it used for the first time Thursday by getting players there on

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  • December 4, 2020
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Here’s What to Know About Refinancing Your VA Mortgage

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

If you’re a veteran or active military with a VA-backed mortgage, there are two ways to take advantage of historically low interest rates: by taking out an Interest Rate Reduction Refinance Loan (IRRRL) or by taking out a cash-out refinance loan. Each has their pros and cons, but both  of them can earn you serious monthly savings if you qualify for a good interest rate.

What Is a VA Mortgage Refinance?

Like any home loan, mortgages backed by the U.S. Department of Veterans Affairs (VA) can be refinanced to get better loan terms—including a lower interest rate, which means cheaper monthly payments and money saved in

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  • December 4, 2020
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Mystery Takes Downtown Back To Future

Thomas Breen photos

Archaeologists from the future have sent a backpack of clues back to present-day New Haven. They need our help solving an outdoor puzzle.

If you solve the challenges laid out below by the end of this article, it will reveal to you the secrets behind a new brain-crunching, pandemic-safe way to explore downtown.

This new outdoor puzzle is called The Chauncey Conundrum.

It was created by the real-life adventure game designers at Escape New Haven. It launched two weeks ago.

The game starts with 19th-century industrialist Chauncey Jerome.

It turns out that, when he wasn’t running the Hamilton Street clock factory, Jerome was tinkering away on quite the novel discovery: time travel.

According to the game, Elm City archaeologists from the future need the help of present-day puzzle solvers to crack the code on how Jerome’s time-hopping tech really works.

So they’ve sent a backpack full of objects, maps, instructions,

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  • December 4, 2020
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What happens when you go over your credit limit?

Exceeding your credit limit could trigger fees and negative credit score impacts. (iStock)

A credit card is convenient for paying bills, covering everyday expenses, or booking travel but it’s not a free pass to spend. Your credit limit determines how much purchasing power you have at any given time.

While some credit card issuers allow you to go over your spending limit, there can be negative consequences for doing so. Those can include paying over-limit fees and potentially dinging your credit score.

What happens when you exceed your credit limit? 

When you exceed your credit limit, you’re making purchases beyond what your credit card issuer normally allows. Whether the transaction goes through depends on your credit card company’s over limit policy.

“You may only go over your credit card limit if you sign up for over-limit protection,” said Brian Meiggs, founder of the personal finance site My Millennial

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  • December 4, 2020
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These Amazon towels feel like the ones at a luxurious hotel

Our team is dedicated to finding and telling you more about the products and deals we love. If you love them too and decide to purchase through the links below, we may receive a commission. Pricing and availability are subject to change.

Since people are likely not going to a hotel anytime soon, one of the easiest ways to recreate that luxurious experience while at home is great bedding, home decor and of course, fabulous towels.

If you want to swap out your towels for luxe-feeling options that won’t break the bank, these top-selling towels on Amazon are your best option.

Shop: Hammam Linen 4-Piece Set Bath Towels, $39.99

Credit: Amazon

The towels — made of Turkish cotton — are perfect for anyone looking to make a quick home upgrade. Because they’re made from terry towel material, these towels are fast-absorbing and easy to care for. Even better, they make

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  • December 4, 2020
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Tips for buying a house sight-unseen during the pandemic

Most buyers who make sight-unseen offers are familiar with the community or have family members or friends who already live in the area.


Getty Images

This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2020. All rights reserved. 

My Aunt Deloris had a bold and adventurous nature. As a young woman, instead of taking a “normal” job in an office like most of her siblings, she accepted a job on a luxury ocean liner and spent the next 25 years traveling around the world, visiting hundreds of ports of call on every continent.

One day she was reading a newspaper that a passenger left behind. In it, she noticed a classified advertisement offering a house for sale in Monticello, a village in the Catskills mountains of upstate New York. The price was $10,000

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  • December 4, 2020
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‘We’re rooting for you’: Fitness centers struggle to stay afloat with 10% capacity restrictions

 

Ruth Nash leads a class at Studio B Dance Center. Fitness center capacity in Summit County was recently reduced from 25% to 10% amid level red restrictions, which is negatively affecting businesses like Studio B.
Photo from Kelsey Booth Photography

 

The fitness industry has taken a big hit with the new level red restrictions. Gym and fitness center capacity has shrunk from 25% to 10%, resulting in significant cuts to the number of participants allowed per class at local studios.

With these changes, some businesses are struggling to break even.

Lauren Hitchell, owner of Studio B Dance Center, can have only two clients at a time under the new restrictions and said she has had to let all of her teachers go because she can’t afford to pay them.

“It absolutely sucks, to be quite frank. Unfortunately, the fitness industry has really gotten the brunt of everything, and I think

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  • December 4, 2020