The Israel Minister of Housing and Construction, Uri Ariel, on Friday expressed his wish to see the construction of a “Third Temple” in place of the Al-Aqsa Mosque that is currently occupying the temple mount. Uri Ariel said “The first Temple was destroyed in 586 BCE, the second Temple in 70 CE, and ever since the Jewish People have been mourning its loss.”
He then went on to say “Al-Aqsa Mosque is currently in place of the temple, despite the temple being much holier than it. Al-Aqsa Mosque is only the third most holy mosque in Islam.” “Now that Israel has once again become a Jewish sovereign state, the desire to rebuild the Temple is growing stronger….
The Bureau of Labor Statistics headline this morning reads: “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.”
How can this be? As I reported yesterday, US corporations are investing in buying back their own stocks, not in new business ventures that produce new jobs. http://www.paulcraigroberts.org/2014/10/02/poverty-report-contradicts-gdp-claims-paul-craig-roberts/
According to the Census Bureau’s Poverty Report, US real median family income has declined to the level of twenty years ago. http://www.census.gov/content/dam/Census/library/publications/2014/demo/p60-249.pdf
Consumer credit and real retail sales are not growing. Construction is limited to rental units. Construction shows 16,000 new jobs, half of which are “specialty trade contractors” or home remodelers.
The payroll jobs report lists 35,300 new jobs in retail trade. How is this possible when J.C. Penny’s, Macy’s, Sears, and the dollar store chains are in trouble and closing stores, and shopping centers are renting space by the day or hour?
At a time when there is a surfeit of office buildings and only 500 new jobs in “heavy and civil engineering construction,” the jobs report says 6,000 new jobs have been created in “architectural and engineering services.” What work are these architects and engineers doing?