+++ 7. Juli 2010 +++
U.S. Unemployment Soars,
as Towns, Cities and States Implode
The social significance of the ongoing long-term unemployment in the United States became more clear with the recent release of a May survey of 3,000 American adults by the Pew Research Center. That survey concluded that well over half (55%) of all adults in the labor force say that in the past two years, they have lost their job, taken a cut in pay, taken a reduction in hours, or become involuntary part-time workers. Adding to that their spouses, their parents, or adult children, virtually every American worker has been hit with a job or wage retrenchment during this collapse. This collapse of employment - itself caused by the deliberate deindustrialization of the United States and the replacement of industry by the financial gambling economy, over the past 40 years - lies at the root of the spreading disintegration of social life throughout the United States. In addition to their personal hardships, the unemployed and poor workers do not pay taxes, and the drastic drop of tax revenues has hit localities with hurricane force, causing them to carry out waves of cutbacks in services.
While some of these local cutbacks were temporarily mitigated with Obama's stimulus program, nothing in that program addressed the fundamental problem of the loss of productive employment. But during the same time, the mass of toxic paper dominating the nation's financial system has been protected, and increased. In fact, only a Glass-Steagall reorganization of the U.S. banking system would create the conditions for the massive amount of new investment in infrastructure, which is required to reverse the situation.
As of late June, the disintegration process has become extreme. Municipalities around the country are cutting police departments, fire departments, teaching staffs, libraries, etc. Salary cuts and furloughs are being handed down. Medical services and other social supports are being eliminated for the poor, handicapped, and elderly. Local infrastructure is being sold off to financial sharks, for a minimal amount of money up front, just to pay current bills.
The picture in California is devastating. On July 1, the first day of California's new fiscal year, Governor Arnold the Terminator unilaterally ordered that more than 200,000 of 250,000 state workers will be paid at minimum wage — until a budget is passed to take on the $19 billion budget deficit.
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+++ 2. September 2010 +++
Das NAWAPA-Projekt, das“TVA des 21. Jahrhunderts“
Lyndon LaRouche kündigte am 25. Juli eine Mobilisierung an für den Bau die Nordamerikanische Wasser- und Strom-Allianz (NAWAPA), um die Wirtschaft in den USA und der übrigen Welt wieder in Gang zu bri...
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+++ 2. September 2010 +++
Build NAWAPA, the "TVA of the 21st Century"
At the end of July, Lyndon LaRouche announced a mobilization to build the "TVA of the XXI century", the North American Water and Power Alliance (NAWAPA), to create an economic recovery in the United S...
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+++ 29. Juli 2010 +++
Immer deutlicher sichtbar: Obama „dreht durch“
US-Präsident Barack Obama, der schon immer eine anfällige, narzißtische Persönlichkeit war, dreht nun offenbar psychologisch durch. Er und sein engster Kreis brüsten sich zwar mit seinen „erfolgreiche...
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+++ 29. Juli 2010 +++
Budapest weist IWF zurück
Am 22.7. stimmte das ungarische Parlament mit überwältigender Mehrheit von 301:12 Stimmen (bei 386 Mitgliedern) für das Gesetzespaket von Ministerpräsident Viktor Orban für eine „nationale wirtschaftl...
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+++ 29. Juli 2010 +++
Hungary Tells the IMF to Get Lost
On July 22, the 386-member national parliament of Hungary passed the "national economic revolution" package of Prime Minister Viktor Orban with an overwhelming majority of 301 to 12 votes and one abst...
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+++ 29. Juli 2010 +++
Kesha Rogers Mounts in Polls
The first poll numbers released for the Texas Congressional races caused a stir in "official" circles of both parties, including the results for Kesha Rogers, the Democratic Party nominee in the 22nd ...
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+++ 29. Juli 2010 +++
Russia Funds Ambitious New Cosmodrome
While a certain faction of the Russian leadership around Anatoli Chubais clings to the illusion of creating a new nanotechnology and financial services bubble, others are moving ahead to build up the ...
[weiter]
