America's rate of unemployment crossed the 10 per cent mark in October to reach a 26-year high after jobless figures rose by 190,000 last month.
The non-farm payroll figure is above forecasts that 176,000 jobs had been lost last month. The rate of unemployment in America is now 10.2 per cent -- the highest since April 1983. The Dow Jones industrial average fell by 45.5 points to 9,960.46.
While October's job losses are above expectations, the total is below the 219,000 cuts recorded in September.
It sounds like a George Lopez joke.
“Times are so bad that I saw an Anglo day laborer standing outside Home Depot the other day.”
Except it’s true.
In the latest sign of the Las Vegas Valley’s economic free fall, U.S. citizens are starting to show up in the early mornings outside home improvement stores and plant nurseries across the Las Vegas Valley, jostling with illegal immigrants for a shot at a few hours of work.
Experts say the slow-starting but seemingly inexorable trend is occurring nationwide.
A
bizarre meeting on the "Future of North America" was scheduled to take place on November 2 and 3. Members of the newly created, self-appointed "
Commission on North American Prosperity" would have gathered in Toronto. Amazingly, the meeting was considered a "summit," even though none of the presidents slated to lead it are sitting presidents. There was George H.W.
On October 15th, La Mesa Nacional Frente a La Minería Metálica en El Salvador, also known as El Salvador's National Roundtable on Mining, won the
Letelier-Moffitt Human Rights Award awarded by the Institute for Policy Studies for their fight against mining in El Salvador.
As the international community's attention is fixed on the coup and crisis in Honduras, another Central American country fights the constraints and inequalities caused by flawed free trade agreements between the United States and the hemisphere.
One of the most cherished items in my possession is a postcard that was sent from Mississippi to the Upper West Side of Manhattan in June 1964.
“Dear Mom and Dad,” it says, “I have arrived safely in Meridian, Mississippi. This is a wonderful town and the weather is fine. I wish you were here. The people in this city are wonderful and our reception was very good. All my love, Andy.”
'I was in this game for the money," wrote
Andrew Lahde, a hedge fund manager, in a letter to the Financial Times last year as the global economy went into meltdown.
It was only a matter of time
before the nation’s skyrocketing unemployment translated into new
recruits for the most powerful military force in the world.
With the official US unemployment
rate at 10 percent and climbing (that’s more than 15 million people
struggling to put food on the table) and nearly double that number if
you include part-time wage-earners who need full-time jobs, never mind
all of those ‘discouraged workers,’ it’s little wonder that so
many of the nation’s jobless are flocking into its military recruitment
offices.
Friends,
It's the #1 question I'm constantly asked after people see my movie: "OK -- so NOW what can I DO?!"
You want something to do? Well, you've come to the right place!
'Cause I got 15 things you and I can do right now to fight back and try
to fix this very broken system.
Here they are:
FIVE THINGS WE DEMAND THE PRESIDENT AND CONGRESS DO IMMEDIATELY:
PRESIDENT OBAMA is far too absent of outrage over Wall Street's continued abuses. As a candidate, he railed against its "greed and irresponsibility.'' He had more to say in his first month in the White House, after finding out that Wall Street firms were still paying $18.4 billion in bonuses despite bringing America to its financial knees and dropping to their own knees for an unprecedented $700 billion taxpayer bailout.
Whenever I think of the
smiley-face icon, I think of Wal-Mart because of its once-ubiquitous ad
campaign. And when I think of Wal-Mart, I think of crappy wages and
insecure employees who probably live paycheck to paycheck. That
metaphor -- the happy face fronting a world of worry -- is the subject
of a new book, Bright-Sided: How the Relentless Promotion of Positive Thinking has Undermined America , by social commentator Barbara Ehrenreich.
