As we note, the heightened attention to the crisis, and hopefully proposals for Congressional action, the alarming jobless figures will be repeated over and over. The employment situation is dire and from all indications it is going to get worse.
What’s happening to the lives of the legions out of work – particularly the young men and women – has to take second place to the fortune of the President and his party. The human crisis would be real regardless of who is in the Oval Office and is what should move the President and the Congress to do the right thing.
Rightwing populism is dangerous but the greatest potential peril lies not in the presence of some loony or deluded, irrational people parading through the streets. It arises from the certainty that there will always be someone lurking about in a trench coat to fan the flames for their own cynical purposes.
In the movie “The Year of Living Dangerously,” the little guy Billy Kwan, brilliantly played by Linda Hunt, gives a news reporter Guy Hamilton, played by Mel Gibson, a talk about Indonesian puppets — the kind on sticks, which you can now sometime find in import shops in this country. The figures as shown are [...]
The Lex Column in the Financial Times got it right: “… ‘less down’ is now the new ‘up’ as media watchers search for stabilization in the overall market.” The writer was referring to the world of advertising where some analysts were putting a hopeful spin on revenue that fell 18% over the first three months [...]
The day after the White House talks between U.S. President Barack Obama and Israeli Prime Minister Benjamin Netanyahu the news agency AFP (Agence France-Presse) sent out an unusual story. It seems to have noticed what some of the rest of us did, that the story was being downplayed. The talks, it said, had “earned only [...]
Michael T. Darda, chief economist at the research and trading firm MKM Partners, probably summed up last week’s message from Washington best, telling the New York Times, “Less bad is always a prelude to good.” The things one learns. We are being asked to believe that the results of the “stress tests” were “not as [...]
Joe Biden was quite out front about it. On the same day the newspapers were trumpeting the news that President Obama had felt a “glimmer of hope” in the economic situation, the Vice-President was telling CNN that we can expect unemployment to increase each month for the rest of the year. Joblessness stands at 8.5% [...]
As President Obama begins his first European tour this week, starting with the G20 economic summit, he’s finding that much of the rest of the world has suddenly become quite uppity. If all goes as planned, by the time these word are published, floats will have departed in late morning April 1 on a “Financial [...]
Well, now it appears that, as the New York Times put it Monday, the “Rise in Jobless Poses Threat to Stability Worldwide.” This comes just after the new United States Director of National Intelligence, Dennis Blair, told Congress instability caused by the global economic crisis had become the biggest security threat facing the United States, [...]
This years’ gathering at Davos appears to have been a complete dud. It’s hard for one who wasn’t there to say how complete but if President Obama is reading the reports from the celebrated Swiss mountaintop he has to be glad he didn’t go and that he didn’t send a high powered delegation. And the [...]
Let’s see if I got this right. The prime minister of an allied government disses the U.S. Secretary of State, says he went over her head and got her boss, the President of the United States, to countermand her intention to vote for a resolution at the United Nations and gloats over the fact that [...]
Of all the outrageous statements coming out of the Bush Administration over the course of its eight year reign, perhaps the most odious came from the Secretary of State. It was the summer of 2006. Israel troops had entered Lebanon to wage war against the Lebanese Hezbollah movement and the Israeli Air Force was raining [...]
by Carl Bloice – It’s probable that by the time this is read, officials in San Jose, California, will have eliminated athletic programs from all 11 of the city’s high schools. It might not seem like much to some, given the declining economic situation in the country and the kinds of budget cuts being made [...]
by Carl Bloice – Just a small group of brothers sitting around at my place watching the Oakland Raiders lose again. During a commercial break, the subject of the next week’s election came up. “Seriously, would you have ever thought, in your wildest imagination, that an African American could be elected President in your lifetime?” [...]
When I heard there was a sizable increase in black community joblessness between April and May I mentioned it to a few people and in return got that so-what-else-is-new? stare. “Every month, when unemployment rate data are released, the news for African Americans is bleak,” wrote educator Julianne Malveaux four years ago. Some things change, [...]