http://www.turbodieselregister.com/forums The Turbo Diesel Register. Dodge diesel owners, you have found the number one resource for Dodge Cummins trucks! en Fri, 20 Nov 2009 20:57:23 GMT vBulletin 60 http://www.turbodieselregister.com/forums/air/misc/rss.jpg http://www.turbodieselregister.com/forums http://www.turbodieselregister.com/forums/politics/217852-real-jobless-rate-17-5-workers-unemployed.html Fri, 20 Nov 2009 18:27:39 GMT The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
Published: Thursday, 19 Nov 2009 | 4:55 PM ET Text Size By: Jeff Cox
CNBC.com

As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed.



According to the government's broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.

The number dwarfs the statistic most people pay attention to—the U-3 rate—which most recently showed unemployment at 10.2 percent for October, the highest it has been since June 1983.

The difference is that what is traditionally referred to as the "unemployment rate" only measures those out of work who are still looking for jobs. Discouraged workers who have quit trying to find a job, as well as those working part-time but looking for full-time work or who are otherwise underemployed, count in the U-6 rate.

With such a large portion of Americans experiencing employment struggles, economists worry that an extended period of slow or flat growth lies ahead.

"To me there's no easy solution here," says Michael Pento, chief economist at Delta Global Advisors. "Unless you create another bubble in which the economy can create jobs, then you're not going to have growth. That's the sad truth."




Jeff Cox
Staff Writer
CNBC.com
Pento warns that forecasts of a double-dip ("W") or a straight up ("V") recovery both could be too optimistic given the jobs situation.

Instead, he believes the economy could flatline (or "L") for an extended period as small businesses struggle to grow and consequently rehire the workers that have been furloughed as the U-3 unemployment rate has doubled since March 2008.

As that trend has happened, the U-6 rate has expanded at an even more dramatic pace. Economists cite several reasons for the phenomenon.

For one, more workers are becoming discouraged as real estate—the focal point for the expansion in the earlier part of the decade—has collapsed and taken millions of directly related and ancillary jobs with it.



Many workers believe those jobs aren't coming back, and have thus quit looking and added themselves to the broader unemployment count.

"In the earlier part of this decade, 40 percent of all new jobs created were in real estate. Attorneys, mortgage brokers, agents, construction—they were all circled around housing," Pento says. "We've had a jobless recovery in the last two recessions. This is going to be the third jobless recovery in a row."

Another factor that may be leading people onto the rolls of those no longer looking for jobs is the government's accommodative extensions of jobless benefits.

"Workers are unemployed for a much longer span than we've seen historically," says David Resler, chief economist at Nomura Securities International in New York. "Part of that may be affected by the longer availability of benefits. It reduces the incentives for an urgent job search."



The U-6 rate debuted in January of 1994 at 11.8 percent, while the U-3 was at 6.6 percent. The measure hit a low of 6.9 percent in April 2000 while U-3 sat at 3.8 percent.

While the current methodology only dates back 15 years, a former U-6 gauge was in existence previously and peaked at 14.3 percent in 1982. Economists predict the current measure would fall just below that number using the same methodology.

"We're in the process of discovering how severe this recession and the long-run impact on certain industries will be and what that will do to overall employment," Resler says. The U-6 rate "portends a very slow, sluggish recovery."

If that holds and the US economy stays weak, that presents challenges for investors.

"People focus too much on that 10 percent number and not on the larger number," says Kevin Mahn, chief investment officer at Hennion & Walsh in Parsippany, N.J. "There's a humongous inventory of people out there looking for work and have been looking for work for a long time. Where are those jobs going to come from?"

Jobless Claims Flatten OutRecovery or Not? Pros Disagree'Jobs Saved' Count to ChangeAvoiding Job Search BurnoutJobless Recovery Game Plan
High unemployment and the resulting pressure on consumers is driving many investors to look for opportunities overseas and in other assets.

Walsh says that trend is going to continue, with clients going to foreign markets, real estate investment trusts, certain bonds—anywhere that can offer profits above the slow-growth mire of US-based investments.

"If full employment is 4 percent, people are wondering how we're going to get from 10 (percent) to 4. Well, try getting from 17 to 4. We may not get back to full employment for a decade," Mahn says. "As an investor, that causes me to look for different places now. Maybe you can't just put money in US large caps and ride out this recovery." ]]> Politics Sled Dog http://www.turbodieselregister.com/forums/politics/217852-real-jobless-rate-17-5-workers-unemployed.html http://www.turbodieselregister.com/forums/2nd-generation-ram-forum-no-engine-transmission-discussions/217851-poor-cab-heat.html Fri, 20 Nov 2009 18:11:19 GMT Wise TDR members please help. Truck is a 1996. I have poor heat in the cab unless I put the heat selection switch on recirculate. In recir mode it will cook you out but the windows start to fog up. Switch to defrost and the heat is only pee warm. Any ideas. Thank you for your time and input. Wise TDR members please help. Truck is a 1996. I have poor heat in the cab unless I put the heat selection switch on recirculate. In recir mode it will cook you out but the windows start to fog up. Switch to defrost and the heat is only pee warm. Any ideas. Thank you for your time and input. ]]> 2nd Generation Ram Forum (NO engine/transmission discussions) Fish On http://www.turbodieselregister.com/forums/2nd-generation-ram-forum-no-engine-transmission-discussions/217851-poor-cab-heat.html http://www.turbodieselregister.com/forums/2nd-generation-ram-forum-no-engine-transmission-discussions/217850-front-axle-rebound-scary.html Fri, 20 Nov 2009 16:45:56 GMT Hello,

Yesterday, on the road, my front left wheel hurt 2 or three small bumps, I was about at 50/55 mph. My front axle start to bounce and it wouldn't stop until I put the brake on. It was a very big and constant bounce, like an earthquake in the cab, I had one of my daughter in the truck and she was scared. The same thing happened to me few years ago, it was with a Comanche... I've never resolved the intermittent problem before I sold the truck...
It's scary because when it happens it seems that you don't have the control of the truck...

What to check ?
Thanks in advance ! ]]> 2nd Generation Ram Forum (NO engine/transmission discussions) FHerault http://www.turbodieselregister.com/forums/2nd-generation-ram-forum-no-engine-transmission-discussions/217850-front-axle-rebound-scary.html http://www.turbodieselregister.com/forums/24-valve-engine-transmission-1998-5-2002/217849-turbo-spec-s.html Fri, 20 Nov 2009 16:21:47 GMT Was just going over the the rig in prep for a big road trip. As I was looking over the turbo impeller (stock Holset..110K miles) I reached down to see if there if there was any play in the impeller shaft. There was. Not much but I could feel it.
What, if any, is acceptable play in the impeller shaft? I didn't get a measurement but could maybe get a feeler gauge in there and come up with something.
thanks...Mike ]]> 24 Valve Engine and Transmission (1998.5 - 2002) mhenon http://www.turbodieselregister.com/forums/24-valve-engine-transmission-1998-5-2002/217849-turbo-spec-s.html http://www.turbodieselregister.com/forums/3rd-generation-ram-forum-no-engine-transmission-discussions/217848-dash-lights.html Fri, 20 Nov 2009 13:54:11 GMT The light/lights behind my ac/heater controls stopped working. Does anyone have any experience changing them? Know what kind of bulbs they are? Anything really would help. Thanks a lot. Shawn The light/lights behind my ac/heater controls stopped working. Does anyone have any experience changing them? Know what kind of bulbs they are? Anything really would help. Thanks a lot.
Shawn ]]> 3rd Generation Ram Forum (NO engine/transmission discussions) MxShawn http://www.turbodieselregister.com/forums/3rd-generation-ram-forum-no-engine-transmission-discussions/217848-dash-lights.html http://www.turbodieselregister.com/forums/24-valve-engine-transmission-1998-5-2002/217847-looking-set-rv275-s.html Fri, 20 Nov 2009 11:19:25 GMT looking for a set of rv275's. i found new ones for $332 shipped but thought maybe someone here is upgrading and will sell a set of used ones. ]]> 24 Valve Engine and Transmission (1998.5 - 2002) painekiller http://www.turbodieselregister.com/forums/24-valve-engine-transmission-1998-5-2002/217847-looking-set-rv275-s.html http://www.turbodieselregister.com/forums/politics/217846-house-panel-oks-plan-open-fed-policy-audits.html Fri, 20 Nov 2009 07:29:52 GMT House panel OKs plan to open Fed policy to audits

WASHINGTON (Reuters) - A U.S. congressional panel on Thursday approved a measure to open the Federal Reserve's monetary policy decisions to government audits, a surprise blow to the central bank's efforts to shield its independence and a signal of frustration with the central bank.

The provision, co-sponsored by Republican Representative Ron Paul and Democrat Alan Grayson, would allow a congressional watchdog agency to conduct a broad review of the U.S. central bank's policy and lending. Fed officials have strongly opposed it, saying it would cast doubt on the central bank's independence from political pressure.

The House of Representatives Financial Services Committee approved the amendment to broader legislation to revamp financial rules. The panel put off a vote on the broader measure.

House Financial Services Committee Chairman Barney Frank, who opposed the Paul-Grayson measure, predicted it would be revisited when financial reform legislation is debated by the House.

"I think it's going to be seen as weakening the independence of monetary policy with consequent negative implications," he told reporters after the vote. "I think people will be worried about the impact on the dollar and on interest rates, and I think that one may be revisited when we get to the floor."

However, Paul's measure has earned support from more than half of the members of the House.

The amendment is a further congressional slap at the U.S. central bank after a Senate regulatory overhaul proposed stripping the Fed of its regulatory authority. Some lawmakers fault the Fed for failing to anticipate or prevent the financial crisis that pitched the economy into deep recession, while others are angry at its extensive emergency support for financial institutions.

The Fed objected to the provision, saying it could raise financial market questions about its independence and could result in higher long-term interest rates as investors worry about inflation risks.

"History provides numerous examples of non-independent central banks being forced to finance large government budget deficits," Fed Vice Chairman Donald Kohn said in July. "Such episodes invariably lead to high inflation."

Paul is an outlier in U.S. politics who advocated abolishing the U.S. central bank well before the financial crisis. He ran for president as a Republican in 2008 and recently published a book called "End the Fed."

However, the Texas lawmaker was able to tap into widespread congressional frustration with the Fed.

"The Fed currently has no political capital," conceded Representative Mel Watt, a Democrat who opposed the Paul-Grayson provision. "Everybody would like to beat up on the Fed and call them the bad guy," Watt said. "(But) are we going to so substantially castrate the Fed so it cannot do what it was set up to do?"

Watt had promoted a compromise amendment that would have allowed audits of the Fed's balance sheet and lending but would have drawn a clear line at leaving monetary policy alone. Frank, the committee chairman, backed Watt's proposal.

A Fed representative declined to comment on the vote, and cited earlier comments from senior Fed officials expressing concern that monetary policy audits would undermine the central bank's independence.

(Reporting by Mark Felsenthal; Editing by Gary Crosse, Gary Hill) ]]> Politics Sled Dog http://www.turbodieselregister.com/forums/politics/217846-house-panel-oks-plan-open-fed-policy-audits.html http://www.turbodieselregister.com/forums/5-9l-engine-transmissions-2003-2007/217845-shift-light.html Fri, 20 Nov 2009 04:00:59 GMT I would like to install a shift light on my steering column in front of my gauge cluster.Could someone help me on how to wire it? Where do i go with the wires? I was looking at Autometer's skinny little shift light. Do i need a certain kind for my truck or will anyone do the job? Thanks ]]> 5.9L Engine and Transmissions (2003-2007) SShafranko http://www.turbodieselregister.com/forums/5-9l-engine-transmissions-2003-2007/217845-shift-light.html http://www.turbodieselregister.com/forums/politics/217844-intersting-about-obama-long-but-interesting.html Fri, 20 Nov 2009 03:10:01 GMT YouTube - The Obama Deception HQ Full length version ]]> Politics domehead http://www.turbodieselregister.com/forums/politics/217844-intersting-about-obama-long-but-interesting.html http://www.turbodieselregister.com/forums/5-9l-engine-transmissions-2003-2007/217843-grid-heater.html Fri, 20 Nov 2009 03:05:35 GMT Good to be back in the good ole US and back on the TDR after being deployed. Hoping someone can explain to me the grid heater purpose, I have a 06 2500 Mega Cab, in the last week the weather has really turned cold here in Montana, low 20's. If I am somewhere were I can not plug my heater in and go to start my truck the amp guage will be really low and then will bounce back and forth from high to low. After I run for a bit it settles to normal and is fine, read this has something to do with grid heater but I'm not sure what that does. I do have OEM batteries and should probably replace them before winter really sets in.

Thanks
Brian ]]> 5.9L Engine and Transmissions (2003-2007) CBowden http://www.turbodieselregister.com/forums/5-9l-engine-transmissions-2003-2007/217843-grid-heater.html http://www.turbodieselregister.com/forums/24-valve-engine-transmission-1998-5-2002/217842-engine-oil-leak-vaccum-pump.html Fri, 20 Nov 2009 02:10:31 GMT I have an oil leak that looks like it coming from between the PS pump and vacuum pump where the shaft comes out the back of the vacuum pump. Can this be fixed or do I need to replace the whole thing? I have an oil leak that looks like it coming from between the PS pump and vacuum pump where the shaft comes out the back of the vacuum pump. Can this be fixed or do I need to replace the whole thing? ]]> 24 Valve Engine and Transmission (1998.5 - 2002) HookMeUp http://www.turbodieselregister.com/forums/24-valve-engine-transmission-1998-5-2002/217842-engine-oil-leak-vaccum-pump.html http://www.turbodieselregister.com/forums/2nd-generation-ram-forum-no-engine-transmission-discussions/217841-who-owned-my-truck.html Fri, 20 Nov 2009 01:20:35 GMT I bought a 98, 12 valve, not too long ago. It seems to have a few mods done on it, but I would realy like to talk to who ever owned it before me. I bought it from a used auto dealer in upper Michigan, he told me it came from Texas. But, he couldnt tell me who had owned it. Does anyone out there in TDR land have some way to help me track down the ones who owned it before me? Many thanks! I bought a 98, 12 valve, not too long ago. It seems to have a few mods done on it, but I would realy like to talk to who ever owned it before me. I bought it from a used auto dealer in upper Michigan, he told me it came from Texas. But, he couldnt tell me who had owned it. Does anyone out there in TDR land have some way to help me track down the ones who owned it before me? Many thanks! ]]> 2nd Generation Ram Forum (NO engine/transmission discussions) edgeman http://www.turbodieselregister.com/forums/2nd-generation-ram-forum-no-engine-transmission-discussions/217841-who-owned-my-truck.html http://www.turbodieselregister.com/forums/3rd-generation-ram-forum-no-engine-transmission-discussions/217840-wif-warning-light.html Fri, 20 Nov 2009 00:45:50 GMT Has anyone ever seen a wif (water in fuel) light on in a 3rd gen truck yet? Was used to it on after car wash on the 96 sometimes but never the 06.:confused::confused: Do they even work? Has anyone ever seen a wif (water in fuel) light on in a 3rd gen truck yet?
Was used to it on after car wash on the 96 sometimes but never the 06.:confused::confused:
Do they even work? ]]> 3rd Generation Ram Forum (NO engine/transmission discussions) DBentley http://www.turbodieselregister.com/forums/3rd-generation-ram-forum-no-engine-transmission-discussions/217840-wif-warning-light.html http://www.turbodieselregister.com/forums/24-valve-engine-transmission-1998-5-2002/217839-no-start.html Fri, 20 Nov 2009 00:25:51 GMT --------------------------------------------------------------------------------

wife drove it and parked in driveway, when I went to move it, no start. 42k miles and the dealer replace the injection pump and installed an IN TANK lift pump. Last week I noticed the pressure was low, about 5 psi. It never had more than 7 with the new pump and the same gauge I had before. I'm afraid the pump has died, still showing 1/8 th fuel tank level. Darn we have put less than 3k miles since the new pump was installed.
should I drop the tank or is there an easier way to check; where is a good spot to trace the wire from the ECM to the pump? ]]> 24 Valve Engine and Transmission (1998.5 - 2002) emarsh http://www.turbodieselregister.com/forums/24-valve-engine-transmission-1998-5-2002/217839-no-start.html http://www.turbodieselregister.com/forums/2nd-generation-ram-forum-no-engine-transmission-discussions/217838-no-start-no-fuel-transfer-pump-coming.html Thu, 19 Nov 2009 23:55:46 GMT wife drove it and parked in driveway, when I went to move it, no start. 42k miles and the dealer replace the injection pump and installed an IN TANK lift pump. Last week I noticed the pressure was low, about 5 psi. It never had more than 7 with the new pump and the same gauge I had before. I'm afraid the pump has died, still showing 1/8 th fuel tank level. Darn we have put less than 3k miles since the new pump was installed.
should I drop the tank or is there an easier way to check; where is a good spot to trace the wire from the ECM to the pump? ]]> 2nd Generation Ram Forum (NO engine/transmission discussions) emarsh http://www.turbodieselregister.com/forums/2nd-generation-ram-forum-no-engine-transmission-discussions/217838-no-start-no-fuel-transfer-pump-coming.html