January 31 Anita Kumar
McClatchy Washington Bureau
President Barack Obama (click here) will announce Friday that more than 300
companies, including 80 of the nation's largest businesses, have agreed
to a new policy spelling out ways they will try to recruit and hire the
long-term unemployed, according to the White House...
The initial estimate to the loss to the USA economy when the global economic collapse occurred was $1.2 trillion. That is a lot of employment loss. And to that Americans seek to fall back on their OWN equity in their homes during troubled times and that wasn't even there.
I also think the private sector found removing employees for the excuse of a loss of monies from the crash was easy and continued it at it's leisure to improve stockholder earnings. The private sector also likes replacing employees with technology.
State governments and federal shut downs caused problems as well. The excoriating of the USA economy for profits and politics have caused a greater problem than actually occurred in 2008. So, this initiative is exceptionally important.
The companies that drive the USA economy have to have employees if they want profits. It's just that simple. If consumers have nothing but subsistence monies as an income there will never be economic growth except for population growth and we have witnessed an entire generation without work. There goes the idea of Republican economic growth.
Wall Street MUST realize they can't manufacture in countries with poor pay and impoverished populations and then merchandize in the USA for profit. IT DOESN'T WORK.
When BRIC countries FINALLY have a significant Middle Class the entire global economy will change. Only then will there be emerging markets worth the attention of investors. It doesn't matter the country, impoverishment and subsistence earnings will not grow an economy.
Wall Street finally has to realize when Nixon went to China it was supposed increase the opportunity of the Chinese people to have a better quality of life while the USA economy continued to perk along. A billion people in China was a POTENTIAL emerging market, but, when Wall Street didn't act morally to include the Chinese people in their COST over profit margin the entire global economy was effected, including Europe. Wall Street built it's own coffin and now that the monies are sequestered to a very few people, they have a real challenge to realize those monies aren't doing them any good except personal creature comforts. That is moral? That is greed and an extremely poor understanding of economic dynamics that keep a company in business.
January 7, 2014
Joshua Green
...The number of long-term unemployed (click here)—those who have been out of work for at least 27 weeks and exhausted their state benefits—remains much higher than the cut-off point for emergency aid in previous recessions. About twice as high, in fact:...
The initial estimate to the loss to the USA economy when the global economic collapse occurred was $1.2 trillion. That is a lot of employment loss. And to that Americans seek to fall back on their OWN equity in their homes during troubled times and that wasn't even there.
I also think the private sector found removing employees for the excuse of a loss of monies from the crash was easy and continued it at it's leisure to improve stockholder earnings. The private sector also likes replacing employees with technology.
State governments and federal shut downs caused problems as well. The excoriating of the USA economy for profits and politics have caused a greater problem than actually occurred in 2008. So, this initiative is exceptionally important.
The companies that drive the USA economy have to have employees if they want profits. It's just that simple. If consumers have nothing but subsistence monies as an income there will never be economic growth except for population growth and we have witnessed an entire generation without work. There goes the idea of Republican economic growth.
Wall Street MUST realize they can't manufacture in countries with poor pay and impoverished populations and then merchandize in the USA for profit. IT DOESN'T WORK.
When BRIC countries FINALLY have a significant Middle Class the entire global economy will change. Only then will there be emerging markets worth the attention of investors. It doesn't matter the country, impoverishment and subsistence earnings will not grow an economy.
Wall Street finally has to realize when Nixon went to China it was supposed increase the opportunity of the Chinese people to have a better quality of life while the USA economy continued to perk along. A billion people in China was a POTENTIAL emerging market, but, when Wall Street didn't act morally to include the Chinese people in their COST over profit margin the entire global economy was effected, including Europe. Wall Street built it's own coffin and now that the monies are sequestered to a very few people, they have a real challenge to realize those monies aren't doing them any good except personal creature comforts. That is moral? That is greed and an extremely poor understanding of economic dynamics that keep a company in business.
January 7, 2014
Joshua Green
...The number of long-term unemployed (click here)—those who have been out of work for at least 27 weeks and exhausted their state benefits—remains much higher than the cut-off point for emergency aid in previous recessions. About twice as high, in fact:...
