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All items tagged unemploymentGlobal Must Read ArticlesNovember 1, 2011 | Europe Threatens Obama's ReelectionThe biggest danger to Obama’s re-election bid is the possibility of the European crisis spilling over to the US. ++ While the US economy is starting to show signs of gradual recovery, mounting European debt could send the American economy in a downward spiral. ++ Republican presidential candidates will use this opportunity to chastize Obama as ‘too European’ for trying to bring the US closer to a ... MoreAugust 3, 2010 | Embracing the Myth of Structural UnemploymentThe American governing elite has begun to define high levels of economic distress as the new normal for workers. ++ Politicians are in the process of repudiating their responsibility to create jobs by labeling high unemployment as “structural” and permanent. ++ The Federal Reserve is complicit in defining success down, which will quickly become a self-fulfilling prophecy. ++ “A ... MoreApril 3, 2009 | Economic Crisis Forces China to its Knees - If Only TemporarilyIn China signs of the crisis are highly visible: abandoned factories and container ships, bankruptcies, massive migration to the Chinese countryside, and ironically clean air. Due to the large quantities of goods produced in China, which currently find no buyers, the country seems to suffer more under today’s economic situation than any other. Many, therefore, consider this the end of the Chinese ... MoreMarch 3, 2009 | The Dark Side of BrusselsBehind its image of Eurocapital, seducing people from all over the globe, Brussels is in many ways comparable to a city of a developing country. ++ Dirty, bad economic conditions; 35% of the people aged under 25 are unemployed and this number rises significantly for foreigners. ++ According to Eurostat only three regions rank worse on the European continent ++ But who can help Brussels? ++ The ... MoreFebruary 17, 2009 | The Party is Over, Go HomeThe financial crisis spares none as it rains down economic havoc around the globe. ++ Dubai, the “shrine” of capitalism, is now in the heart of the storm, and extravagant projects costing billions of dollars are quickly being abandoned. ++ Loan provision has dried up, the stock and property market are in equal distress, and as unemployment rises, visa permits expire and both workers ... MoreFebruary 13, 2009 | New Bail-Out: Go See Obama!The curious case of Henrietta Hughes shows American attitudes towards social assistance. ++ Before, she was unemployed and homeless, living in a small car with her adult son. ++ Now, she lives in a spare home of a Republican representative and has a job. ++ Her life changed in front of Obama, and the TV-cameras. ++ This shows “Yes, we can”-attitude, but also miserable American social support, ... MoreFebruary 4, 2009 | Britain: Immigrants Are Target of Domestic WoesWhen will people start to understand that immigrants are vital for a functioning economy and kicking them out of Britain would mean depriving people of doctors, nurses, teachers and so forth? ++ In addition, immigrants don’t just take national jobs, they also create them by spending in shops and making the economy run. ++ Free movement of labor is one of the legal requirements of EU membership. ... MoreJanuary 27, 2009 | What's With the Republicans?Republicans are very slow to understand that their policies have worked against America. ++ Their illusions are reflected in their doubts over the President’s stimulus plan: they argue that it legitimates excessive spending at a time when the continuous shedding of labour requires conservative spending. ++ G.O.P policies which redistributed wealth to those on the top of the income ladder ... MoreJanuary 27, 2009 | Finally, the End of ImmigrationThe financial crisis may produce an “automated” solution to migration: as jobs lessen immigration currents are reduced. ++ In the US, the numbers of those “caught trying to sneak in […] from Mexico is at its lowest level since the mid-1970s.” ++ While many are sighing with relief, it should be remembered that it is thriving nations which attract immigration flows. ++ ... MoreJanuary 9, 2009 | Obama: Big On Words, Small On Action?When President Obama speaks of the current state of the US economy, his rhetoric reveals the gravity of the situation. ++ Yet, his actions fall short of his words, with US analysts arguing that his stimulus plan will do little to address the fast forming “output gap” and the expected upsurge in unemployment rates that will follow from lost production. ++ Whatever the reasons for his ... MoreSeptember 24, 2008 | UK: Take Action, Cut Interest RatesUnemployment in Britain will rise by 2 million by the end of the year. ++ Just last month 81,000 more British citizens were without jobs, causing the unemployment rate to rise from 5.3% to 5.5%. ++ Job activity is on a sharp decline. ++ Employers are not hiring, and unemployment among the youth is very high. ++ Unfortunately, the UK economy tends to follow the path of the US economy, simply six ... More |
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