Real estate housing and economic news round up for December 27 2016…
Short post today as I am coming down with a cold:
Speaks volumes about what is really happening with the economy:
The conventional full-time job is disappearing. Survey research conducted by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” jumped from 10.7% to 15.8%.
Alternative work is characterized by being temporary or unsteady—such as work as an independent contractor or through a temporary help agency. “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other words, nearly all of the 10 million jobs created between 2005 and 2015 were not traditional nine-to-five employment.
More somber news:
Over time, automation has generally had a happy ending: As it has displaced jobs, it has created new ones. But some experts are beginning to worry that this time could be different. Even as the economy has improved, jobs and wages for a large segment of workers – particularly men without college degrees doing manual labor – have not recovered.
Big Brother is pleased:
Late on Friday, with the US population embracing the upcoming holidays and oblivious of most news emerging from the administration, Obama quietly signed into law the 2017 National Defense Authorization Act (NDAA) which authorizes $611 billion for the military in 2017.
But while the passage of the NDAA – and the funding of the US military – was hardly a surprise, the biggest news is what was buried deep inside the provisions of the Defense Authortization Act.
Also called the Countering Information Warfare Act of 2016 (S. 2692), when introduced in March by Sen. Rob Portman, the legislation represents a dramatic return to Cold War-era government propaganda battles.
A ranking that REALLY matters:
Climbing from a No. 41 ranking just five years ago, Clemson University was ranked 24th on Kiplinger’s Personal Finance magazine list of 2016 best public college values in America.
May Not Be Smart to Have a Smart Home:
Experts expect the number of attacks on the Internet of Things (IoT) will likely increase in 2017. IoT includes devices like webcams, DVRs and connected thermostats that make life easier for homeowners, but are susceptible to cyber-intrusions.
These gadgets add conveniences like locking your door or shutting off the lights all from a smartphone app, but they come with certain risks, experts warn.
The concerns about technological vulnerabilities come as experts say smart home devices are hot gifts this holiday season. The growing reach of smart devices makes the dangers more acute, some say.
I really do not trust any f the new smart home technology yet.