Unemployment Extension Info?

[RobPA]

I heard President Bush just signed a Federal Unemployment extension bill. MY friend has been laid off for 3 months from his job in the Financial sector. Can anyone give me a link or information on this bill? I have tried Yahoo, Google etc etc and I cannot get the full details of this extension (how long, who qualifies etc etc). Thanks in advance to anyone who can help!

[DTRave420]

Sorry to hear about your friend...I got laid off on Wednesday after a 5 year run in the constuction trades...I'll be going on line to file a claim next week so I'll let you know if I hear anything...Getting kind of slow out there...

[RobPA]

Sorry to hear about your friend...I got laid off on Wednesday after a 5 year run in the constuction trades...I'll be going on line to file a claim next week so I'll let you know if I hear anything...Getting kind of slow out there...

Hey I understand. I was on Unemplyment for 3 weeks a couple months ago. Im actually BACK in the construction trade just for the $$$, good luck man!

[GoldenBoy812]

Ask and you shall receive: Unemployment insurance benefits: What you should know - Nov. 20, 2008 (http://money.cnn.com/2008/11/20/news/economy/unemployment_benefits/?postversion=2008112112)

AT the end of the article, it will provide another link for individual states. Just in case, here it is:America's Service Locator - Map Search for state links (http://www.servicelocator.org/OWSLinks.asp)

In my state, Indiana, the headline was:
The United States Congress and President Bush have approved a second federal extension of unemployment benefits to qualified individuals. The Department of Workforce Development will notify all potential claimants on the Uplink homepage about how to apply for the federal extension once details are available. Claimants can visit their Uplink homepage beginning on Monday, November 24, for the latest information about the federal extension.

Source:DWD: Home (http://www.in.gov/dwd/)

I too am deemed unemployed until January.

[maladroit]

sorry to hear that GB...do you qualify for UI?

[GoldenBoy812]

My firm gave me an ultimatum, either take a 40% cut in base pay or leave. Personally, i would not care one bit, because the majority of my pay was quarterly bonus based. But they eliminated all bonuses until Q1 '09, so i currently make the same amount sitting home as i would be punishing pip scalpers minus 40% without incentive bonuses.

Besides, my new job will consist of less stress and begins in mid January. I also trade currency on the side:jointsmile:

[maladroit]

oh well that's not too bad...it will be like an extended christmas vacation...pick up a couple ounces of pot, load the frig with beer, duct tape the remote control to your hand, and set your alarm clock for january

whut is a pip scalper?

[GoldenBoy812]

Already completed. Just built a bar in the living room and purchased a volcano.

A pip scalper is an extremely short term volatility trader of currency.

[maladroit]

are there enough pip scalpers to drive a currency up or down?

now you'll have more time to punish me instead of the pippies!

[GoldenBoy812]

Never, because in reality the basis of forex trading is through the use of leverage given by the investment banks you trade in facilitation with. Barring an unforeseen event, banks tend to limit trends by moving in the opposite position of the majority of their traders. Strong traders usually get out, because they have price sets built in. The weak ones are those who get punished, and play the game as if it were stocks.

In a time such as now where the dollar is in ultra high demand, because firms face less opportunity cost when repaying dollar debt with dollars, no amount of bank manipulation can compete with a fundamental market mechanism.