Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts

Saturday, October 15, 2016

No wonder! Janet Yellen's repeated assertion that there is full employment is believed implicitly by the mavens of the stock markets. However, smarter people know that (1) 23% of working-age Americans have given up looking for a job, because there are virtually none to be had, whereas (2) Yellen treats those 23% as though dead. However, the not so bright mavens of industry and the stock market read her claim of full employment as a signal that there are millions of Americans out there who can and will buy their products. Wrong! Because of their stupidity the mavens of the stock market push their stocks ever higher. In the meanwhile those with common sense know that the deepest stock market crash of all times will soon take place. Corrolary: The silver and gold presently being depressed will skyrockt when the crash arrives.


The stock market is turning into a sloppy, ugly mess—and it could get worse

Published: Oct 14, 2016 5:06 p.m. ET

Dow industrials on pace for longest streak of monthly losses in 5 years. Here are some of the reasons behind the slide

It is rough out there.

 It is getting dicey out there for Wall Street investors, although stocks eked out a modest rise on Friday.

U.S. equities have been bouncing around lately. And the trend has been predominantly lower. Although it hasn’t been the sort of dizzying tumble for equities that would elicit an instant spike in fear, it has been, however, the kind of plodding descent that has the Dow Jones Industrial Average DJIA, +0.22%  down nearly 300 points since the end of July.
 
In fact, the Dow and the S&P 500 index SPX, +0.02%  are on the verge of tallying three straight months of declines, with October shaping up to be the ugliest monthly fall since January—the month after the Federal Reserve raised rates for the first time in a decade. (Friday’s jump on better bank earnings will have to be factored after the close.)

But, if the Dow posts a loss in October it would be the first time the blue-chip index logged three consecutive monthly declines since the period ended in September 2011. The S&P 500 notched three consecutive monthly loses earlier this year, ended February.

On Friday, stocks ended nearly flat, with only the Dow posting a significant gain buoyed by a rise in the banking sector’s Goldman Sachs Group GS, +1.85% Friday’s wobbly moves, where stocks started off sharply higher before fading, has characterized a market that appears to be increasingly on tenterhooks. Here’s what may be contributing to the recent spike in Wall Street anxiety levels:

1. October trade
Ryan Detrick, senior market strategist at LPL Financial, points out that October is inherently a volatile month for stocks. “October has a reputation as a month you better buckle your seat belts for a reason. Nearly all the volatility records seem to take place during this month,” Detrick said in a recent research note.
 
Read: Will October kill yet another bull market?

Detrick points out that 10 of the largest one-day drops were in October, dating back to 1928 (as the following table shows):



2. Ominous charts point to a crash (a la October 1987)
A number of analysts are pointing to the possibility of a big selloff in stocks, citing bearish technical patterns. Murray Gunn, technical analyst at HSBC, in a Wednesday note said investors should look out below if the S&P 500 closes between 2,116-1,991 and if the Dow industrials breach the 17,992-17,063 level. The thinking behind that call is those levels represent recent lows that may trigger buying by computer-driven traders and other investors. In other words, those levels then tend to act as so-called support. But slipping below them can mean a painful dip into darkness.



Other market statisticians, including Carter Braxton Worth of Cornerstone Macro, have pointed out that although stocks have been hovering around all-time records, their recent crawl lower is a bad sign and suggests that equities are gradually breaking down.

Here’s a chart of important levels for the S&P 500 put together by MarketWatch’s Tomi Kilgore:


On Thursday, the S&P 500 hit a low of 2,114 before bouncing back, while the Dow’s Thursday low was 17,959, before rebounding somewhat. Still, Murray said “the possibility of a severe fall in the stock market is now very high,” and compared recent moves in stocks with those that preceded the 1987 stock-market crash.

3. Weak corporate earnings
Alcoa Inc. AA, -1.16% delivered weak third-quarter results to unofficially kick off earnings season. S&P Global Market Intelligence warned that earnings season is turning out to be a story of tepid growth, down 1.2% for the third quarter. S&P said particular attention needs to be paid to the consumer-discretionary sector, which includes brands like Nike Inc. NKE, -0.79% Ford Motor Co. F, +0.00% and Staples Inc. SPLS, -1.18% and is on track to report its lowest quarterly results since 2012 (as the chart below shows):


Why is this bad? Weak earnings can mean there is not a lot of fundamental justification to buy stocks, which are considered risky compared with, say, the U.S. 10-year Treasury note TMUBMUSD10Y, +0.00% Better earnings from stocks mean that investors are getting good value for their buck. Weak or stagnant earnings suggest that investors are overpaying. And there have been a raft of market participants pointing to bubbles forming in the market, citing things like price-to-earnings ratios.


Indeed, S&P 500 companies are expected to post their sixth straight quarter of declining earnings, according to FactSet data. And although it is still early in the season, several corporations have issued profit and/or sales warnings over the past few weeks. That all implies that there is still weakness in the economy, despite a labor market that has been chugging along. Tepid earnings are a big reason the market is bound to sink, or, at the very least, can’t go much higher, some industry experts argue.

4. Biotech woes
The biotech market can be a canary in the coal mine as a measure of risk-taking. And it is starting to lose steam after a nice run, trading below both its 50-day and 200-day moving averages, as gauged by the iShares Nasdaq Biotechnology ETF IBB, -1.86% Falling below or trading above a moving average is usually interpreted as a measure of momentum.
 
Problems in biotech are multiple, but the primary forces could be centered on a scaling back of general risk appetite, as the sector is a proxy for bullish bets on U.S. stocks, and as a bet on the outcome of the U.S. presidential election. Democratic candidate Hillary Clinton has been critical of biotech companies, which can pressure the sector if investors believe she’s likely to win the race for the White House.

5. The pound and the dollar
The pound GBPUSD, -0.5386% which has been battered by intensifying talk of the U.K.’s plan to exit from the European Union, is hovering around its trade-weighted low, while the dollar has been creeping higher.
The dollar DXY, +0.55% has been a headwind for stocks and its abrupt surges higher on shifting views of a rate increase by the Federal Reserve have been disruptive to markets of late. A stronger buck means reduced sales for U.S. multinationals when money is repatriated into dollars. And a sustained rise could cause companies to lower their earnings outlooks for future quarters. The dollar has surged almost 3% so far in October.

Meanwhile, the pound’s steady drop has been a cause for worry because it is unclear how the U.K.’s economy will fare amid the tumbling currency, despite the benefits it offers the FTSE 100 UKX, +0.62% which is comprised predominantly of multinational companies that profit from exporting goods. Uncertainty in Europe is a problem that can cause jitters for the U.S., because it hints at broader global problems.

6. China
Concerns about China’s economy have resurfaced. Lackluster export data on Thursday reminded investors of the view that the world’s second-largest economy is petering. In August 2015, it was China’s stock-market woes and its sluggish economy that sent global markets into a tailspin.

7. U.S. presidential election
Like the market, Trump has been on a losing streak.
 
Republican candidate Donald Trump’s recent debacles have begun to lead some strategists to believe that a victory for Clinton isn't just assured, but that Democrats might see sufficient gains during the November elections to gain control of the House. That is not viewed as a categorical good thing for the market—financials KBE, +0.48% XLF, +0.47%  and the aforementioned biotech sector have been wobbly

To be sure, there is plenty of time to right the stock-market ship. Earnings could surprise to the upside and calm may set in after the election, pushing the S&P 500 and the Dow to fresh records, but right now it is looking a bit iffy.

Market columnist Mark Hulbert says the market is setting up for a monster rally and points out that the Dow has gained an average of 6.8% from its lowest point in October through the end of that same year.


Tuesday, April 08, 2014

"As I write I cannot think of one thing in the entire areas of foreign and domestic policy that the US government has told the truth about in the 21st century. Just as Saddam Hussein had no weapons of mass destruction, Iran has no nukes, Assad did not use chemical weapons, and Putin did not invade and annex Crimea, the jobs numbers are fraudulent, the unemployment rate is deceptive, the inflation measures are understated, and the GDP growth rate is overstated. Americans live in a matrix of total lies." -- Paul Craig Roberts


Another Fraudulent Jobs Report — Paul Craig Roberts

April 6, 2014 | Original Here                                              Go here to sign up to receive email notice of this news letter

Another Fraudulent Jobs Report

Paul Craig Roberts

The March payroll jobs report released April 4 claims 192,000 new private sector jobs.

Here is what John Williams has to say about the claim:


“The Bureau of Labor Statistics (BLS) deliberately publishes its seasonally-adjusted historical payroll-employment and household-survey (unemployment) data so that the numbers are neither consistent nor comparable with current headline reporting.  The upside revisions to the January and February monthly jobs gains, and the relatively strong March payroll showing, reflected nothing more than concealed, favorable shifts in underlying seasonal factors, hidden by the lack of consistent BLS reporting.  In like manner, consistent month-to-month changes in the unemployment rate or labor force simply are not knowable, because the BLS cloaks the consistent and comparable numbers.”

Here is what Dave Kranzler has to say: “the employment report is probably the most deceptively fraudulent report produced by the Government.”

As I have pointed out for a decade, the “New Economy” jobs that we were promised in exchange for our manufacturing jobs and tradable professional service jobs that were offshored have never shown up. The transnational corporations and their hired shills among economists lied to us. Not even a jobs report as deceptive and fraudulent as the BLS payroll jobs report can hide the fact that Congress, the White House, and the American people have sat sucking their thumbs while corporations maximized profits for the one percent at the expense of everyone else in the United States.

Let’s look at where the alleged jobs are. The BLS jobs report says that 28,400 jobs were created in March in wholesale and retail sales. March is the month that Macy’s, Sears, JC Penny, Staples, Radio Shack, Office Depot, and other retailers announced combined closings of several thousand stores, but more retail clerks were hired.

The BLS payroll jobs report claims 57,000 jobs in “professional and business services.” Are these jobs for lawyers, accountants, architects, engineers, and managers? No. The combined new jobs for these middle class professional skills totaled 10,400. Employment services accounted for 42,000 of the jobs in “professional and business services” of which temporary help accounted for 28,500.

“Education and health services” accounted for 34,000 jobs or which ambulatory and home health care services accounted for 28,000 of the jobs.

The other old standby, waitresses and bartenders, accounted for 30,400 jobs. The number of Americans dependent on food stamps who cannot afford to go out to eat or to purchase a six-pack of beer has almost doubled, but the demand for restaurant meals and bar drinks keeps rising.

There you have it. This is America’s “New Economy.” If the jobs exist at all, they consist of lowly paid, largely part-time employment that fails to produce enough income to prevent the food stamp rolls from doubling.

Without growth in consumer income, there is no growth in aggregate consumer demand. Offshoring jobs also offshores the income associated with the jobs, resulting in the decline in the domestic consumer market. The US transnational corporations, pursuing profits in the short-run, are destroying their long-run consumer base. The transnational corporations are also destroying the outlook for US universities, as it makes no sense to incur large student loan debt when job prospects are poor. The corporations are also destroying US leadership in innovation as US corporations increasingly become marketeers of foreign-made goods and services.

As I predicted in 2004, the US will have a third world work force in 20 years.
The unemployment figures are as deceptive as the employment figures. The headline
unemployment rate of 6.7% does not include discouraged workers. When discouraged
workers are included among the unemployed, the US rate of unemployment is 3.4 times higher than the announced rate.


How many times has John Williams written his report? How many times have I written this article? Yet the government continues to issue false reports, and the presstitute financial media continues to ask no questions.

The US, once a land of opportunity, has been transformed into an aristocratic economy in which income and wealth are concentrated at the very top. The highly skewed concentration at the top is the result of jobs offshoring, which transformed Americans’ salaries and wages into bonuses for executives and capital gains for owners, and financial deregulation, which produced financial collapse and the Federal Reserve’s bailout of “banks too big too fail.” The trillions of dollars of new money created by the Federal Reserve has produced massive inflation of stock prices, making owners even richer.

Sooner or later the dollar’s value will suffer as a result of the massive creation of new dollars. When that occurs, the import-dependent American population will suffer a traumatic drop in living standards. The main cost of the bank bailout has yet to hit.

As I write I cannot think of one thing in the entire areas of foreign and domestic policy that the US government has told the truth about in the 21st century. Just as Saddam Hussein had no weapons of mass destruction, Iran has no nukes, Assad did not use chemical weapons, and Putin did not invade and annex Crimea, the jobs numbers are fraudulent, the unemployment rate is deceptive, the inflation measures are understated, and the GDP growth rate is overstated. Americans live in a matrix of total lies.

What can Americans do? Elections are pointless. Presidents, Senators, and US Representatives represent the interest groups that provide their campaign funds, not the voters. In two decisions, the Republican Supreme Court has made it legal for corporations to purchase the government. Those who own the government will decide what it does, not those who vote.

All Americans can do is to accept the serfdom imposed on them or take to the streets and stay in the streets despite being clubbed, tasered, arrested, and shot by the police, who protect the power structure, not the public.

In America, nothing is done for the public. But everything is done to the public.


Friday, January 03, 2014

One of every two Americans are now in poverty or low income. We’re not just hungry for food. We’re hungry for jobs, homes, for schools, for the basic necessities of life. We are hungry for justice! Democrats and Republicans, the bipartisan corporate parties in Congress (the only parties allowed in our faux democracy), reached a budget deal that will restore full military spending while allowing food stamp and unemployment cuts to move forward. The dominant culture in the United States tells us that we have rights to abstract concepts such as freedom but not to the tangible basic necessities of education, housing, health care, jobs and more. (Exerpts from this highly researched and well written essay)





America Is the Most Inhumane Developed Country on the Planet — Are We Going to Let It Stay That Way?

This week marked the 65th anniversary of the signing of the Universal Declaration of Human Rights. What would it be like if people in the U.S. knew they had these rights?

Photo Credit: Shutterstock.com/corgarashu
December 14, 2013  |   This week marked the 65th anniversary of the signing of the Universal Declaration of Human Rights.  It was drafted by a commission of the United Nations that was chaired by Eleanor Roosevelt. The Convention became effective in 1951, the United States finally ratified it in 1988 and it was signed by President George H.W. Bush.

What would it be like if people in the United States knew they had these rights and demanded to have them realized? We believe it would be a very different world – the economy would be a more equitable with full employment, healthcare for all, no people without housing and more humane on every front. Instead, this week an annual report of Credit Suisse ranked the US as the most unequal of all advanced countries.

As a general guide for understanding human rights there are five principles that should be applied to every policy:  universality, equity, transparency, accountability and participation. In a nutshell, universality means that policies apply to all people. Equity means that people have what they need in order to be at the same level as others. Participation means that people have input into the policies that affect their lives.

Harriet Tubman once said, “I freed a thousand slaves; I could have freed a thousand more if only they knew they were slaves.” Similarly, we have human rights and our rights are being violated every day, yet many are not aware of this.

Economic Inequality and Austerity

Wealth inequality has worsened under the Obama Presidency. This is remarkable because historically after an economic collapse, the wealth divide closes during the recovery phase. According to the 2013 report, “In the U.S., the bottom 90% of the population own only 24.6% of all the privately held wealth, whereas in most of the developed world, the bottom 90% own around 40%; so, the degree of wealth-concentration in the U.S. is extraordinary…”

There hasn’t been any recovery for the bottom 90%. Public policies have continued to funnel wealth to the top while cutting the social infrastructure. Ellen Brown explains that the Federal Reserve Act prevents the Quantitative Easing (QE), the $85 billion created each month, from being used to invest in businesses and create jobs. She describes the Act as being “drafted by bankers to create a banker’s bank that would serve their interests. It is their own private club, and its legal structure keeps all non-members out.” So, instead of assisting Main Street, the QE has gone to Wall Street and has been used for financial trading that places our entire economy at risk of collapse. Activists will begin a yearlong campaign to change the Fed on Dec. 23rd at all 12 Federal Reserve Buildings.  Taxpayers need to take back the power to create money in a transparent way; the government should be spending debt free money on urgent necessities and providing people with the money they need to survive and create full employment.

Since early 2010, the Obama administration with Congress has pursued austerity with the federal budget, which is the opposite of what is needed in order to stimulate the economy and reduce unemployment. Working closely with deficit hawks such as Alan Simpson and Erskine Bowles and the Peterson Foundation, whose mission is to end social insurances, necessary programs such as unemployment benefits, food stamps, Medicare and Head Start have been cut.

Pascal Robert writes that this year alone, the Sequester forced “$9.9 billion in cuts to Medicare, $840 million in cuts to special education programs, and $400 million in cuts to Head Start, in addition to the nearly $2 billion slashed from housing aid.” He calls this “Obama’s war on the poor.” Economist Robert Reich calls the new budget “dumb” because itdoesn’t close tax loopholes for wealthy, restore food stamps to poor, or extend unemployment benefits for jobless.” He calls for investment in repairing our failing infrastructure which would solve critical safety concerns and create jobs.

The economic trends look bad for most of us. College students are graduating with higher levels of debt each year into an employment environment in which they are forced to delay their desired career path and work for poverty wages. While the official unemployment rate for college graduates has dropped, that doesn’t consider the 1.7 million who have stopped looking for work.

The combination of poverty wages, the foreclosure crisis and the buying up of distressed homes by investors has caused the percentage of renters to rise dramatically to 35% of households, the highest in ten years. And more than half of renters are paying over 30% of their incomes on rent alone. It is a landlord’s market and some renters are wondering if it is time to revolt.

And there is no end in sight to this economic situation. The Guardian writes that the State Policy Network, funded by the Koch brothers and Kraft, is gearing up to push legislation in a number of states that will undermine public employee pay and pensions, further privatize education, oppose Medicaid and even try to stop efforts to mitigate climate change. They are even pushing to get rid of income tax in certain areas, a move that will appeal to some but will force more cuts to important social programs.

The simultaneous transfer of wealth to the top and austerity measures for the rest looks like certain social suicide, but it seems that those in power are sick with greed and cannot help themselves. Chris Hedges describes the problem to Paul Jay of The Real News this week in an interview called The Pathology of the Rich, saying “They will extract more and more and more, because they have no self-imposed limits, without understanding the economic, political, and social consequences of what they’re doing.”

Trade Agreements and the Federal Budget

The wealth divide is created by policy choices made by those in power. We can see how they rig the economy for their wealthy donors and big business interests, at the expense of local businesses, entrepreneurs, workers and the poor. Right now this economic rigging is playing out in the secret negotiations for the Trans Pacific Partnership (TPP).

We are witnessing the acceleration of a global neoliberal economic agenda through the TPP and the Atlantic version, TAFTA. In Europe a document was leaked that described the strategy of lying to the people of Europe of the “management of stakeholders, social media and transparency” to give a false appearance of listening to them and silencing them. At the same time their TAFTA communications strategy will promise jobs and economic growth – when we know from past corporate trade agreements those are false promises.  The approach in Europe is taken from the playbook of the Obama administration in the United States: mislead the public, hide the truth and keep the contents secret.  

Stan Sorscher writes that these trade agreements are about more than trade. They are “political, social, cultural and moral documents, which set political and social standards for countries and communities.” They create a legal system that overrules the ability to pass laws that protect the public and environment if that protection interferes with corporate profits.

Fortunately, because of public protests and exposure that the US is pushing polices that violate international norms, the TPP negotiations this week in Singapore broke down. Wikileaks revealed that the US remains inflexible pushing extreme pro-corporate policies as other negotiating countries try to represent the interests of their people.

The World Trade Organization concluded its meetings this week in Bali. Hundreds of people from civil society groups protested both inside and outside of the meetings. An agreement was reached but still has to go to each country for ratification before it takes effect. The reaction of civil society showed great concern about the contents of the agreement in particular because of the expansion of corporate rights and the threats to food sovereignty. They write, “No country should have to beg for the right to guarantee the right to food.”

In the US, a coalition of civil society groups also responded to the budget passed this week in Congress with their own People-Peace-Planet Budget announced on December 10, Human Rights Day, which contained up to a 50% reduction in military spending and investment in domestic needs. They said “One of every two Americans in now in poverty or low income. We’re not just hungry for food. We’re hungry for jobs, homes, for schools, for the basic necessities of life. We are hungry for justice!” A small delegation brought the budget to Congress and presented it to the offices of Rep. Paul Ryan and Senator Patty Murray unannounced. Dennis Trainor, Jr. of the Resistance Report covered their response.

A few hours later, Democrats and Republicans, the bipartisan corporate parties in Congress (the only parties allowed in our faux democracy), reached a budget deal that will restore full military spending while allowing food stamp and unemployment cuts to move forward. The agreement has been described as “awesomely destructive” because it continues austerity, does not extend unemployment or restore cuts to food stamp. It cuts pensions, cuts Medicaid and taxes Medicare but restores military spending. It is a job-killing, economy-weakening budget. “This deal asks essentially nothing of the richest Americans while placing terrible burdens on the unemployed as well as new federal employees, and continuing the fiscal policy drag on our still-unfinished recovery,” said Lawrence Mishel, executive director of the Economic Policy Institute.   

Fighting For Our Human Rights

Many in civil society are beginning to understand that human rights are not being respected. Our rights outlined in the Universal Declaration of Human Rights and illustrated in this graphic, such as the right to healthcare and other basic necessities, privacy and unrestricted travel, are being violated. It is up to us to organize and mobilize to demand that these rights are honored.

In fact, one of those rights according to international covenants is the right to resist, which US founders called Freedom of Speech, Freedom of Assembly and the Right to Petition Government for Redress of Grievances. Maciej Bartkowki and Annyssa Bellal write that the international community must support nonviolent civil resistance so that “a ‘people polity’ may represent a decisive force for a final push away from traditional state-driven discourse and practice … towards people-oriented, popular sovereignty based on the rights and responsibility to uphold them.”

On December 10, we participated in a meeting at the office of the National Economic and Social Rights Initiative (NESRI) in New York City. NESRI facilitates organizing by groups around the country that use a human rights framework. The first step is for activists and their communities to understand that they have certain rights. The dominant culture in the United States tells us that we have rights to abstract concepts such as freedom but not to the tangible basic necessities of education, housing, health care, jobs and more. And the second step is to identify where these rights are being violated and organize to restore and protect them.

When the human rights framework is applied to any issue, the solution becomes evident.  For example on healthcare, it would not  treated as a commodity that is a profit center for wealthy investors, but a public good provided as a public service to all. For employment, it would mean a full employment economy where workers were paid a livable, not a poverty, wage. These are two examples of many.

One area where there is an aggressive fight for human rights is the campaign for $15 an hour minimum wage.  We examined the breadth of this class war conflict in a recent weekly review: the 1,500 Walmart protests and the 100 cities where low-wage workers walked out being two recent examples. People are realizing this is not just a struggle for a fair wage but for a different kind of country that respects human rights. And people realize that our tax dollars are subsidizing the unethical practices of Walmart, McDonalds, Starbucks and others who pay poverty wages while taxpayers subsidize their employees’ food, healthcare, housing and CEO income.

In SeaTac, the town where the Seattle-Takoma airport is located, people voted to raise the minimum wage to $15.  This is an incredible victory. Not only do workers get $15 an hour (about $31,000 annual wage) but they get paid sick days.  Of course, the people who profiteer from low-wage workers do not want to give up their virtual slave labor. Alaska Airlines and the Washington Restaurant Association have challenged the new law in court. This is often part of the battle for fairness. 

In another victory Schneider Logistics, a company that runs warehouses for Walmart has agreed to pay $4.7 million to as many as 568 workers after they sued over stolen wages, i.e. failing to pay overtime and deducting wages from their paychecks among other things.  Walmart, well known for forcing contractors and suppliers to reduce their prices, tried to escape public blame by saying the workers did not work directly for them. This does not pass the straight face test because we know this is part of the Walmartization of the economy.

In another remarkable story , Flor Molina, who came to the United States so she could feed her family in Mexico, was promised a job because of her sewing skills. When she got here she found out that she had become a slave, locked into a room with other slaves in Los Angeles and forced to work.  After 40 days she escaped and found a group, the Coalition to Abolish Slavery and Trafficking (CAST). The group helped her to deal with the abuse she suffered and she is now a pioneering member of CAST’s Survivor’s Caucus, a group of women from 13 countries who escaped slavery in the United States. They work to craft policies that meet the needs of trafficking victims on issues like health care and visa protections. “Now that I’m a grandmother, I want a world free of slavery,” Molina says. “Now that I survived, I want to change something.”

Others who stand up and fight back need our support. We urge everyone to boycott Dominos Pizza because of their mistreatment of workers. In one case, Dominos workers who complained about being paid less than the minimum wage were fired. Wage theft is very common. In New York, one survey found 84% of workers reported forms of wage theft. The Dominos in Washington Heights on 181st street practices a type of wage theft. Let @Dominos know that you will not buy their products until this injustice is corrected. Solidarity is critical to defeating these human rights abuses.

Starbucks, which is in the top ten companies with poverty wages, has a contractor that provides them with their paper coffee cups. The union is fighting for a fair contract but the owner is trying to force them to accept cuts to the salaries and benefits, including losing a paid lunch hour. Recently the workers took their fight public with the help of the Starbucks Workers Union (SWU), a small grassroots network of baristas and shift supervisors. They organized an international Week of Action in 15 major cities to call attention to the injustices they’re facing. They want Starbucks to step in and join their call.  Tweet @Starbucks and tell them – respect their workers, support the workers at their Paciv Stockton paper cup company.

Another major area of human rights is the right to education. The Universal Declaration says “Everyone has a right to education” and that “Education shall be directed to the full development of the human personality and to the strengthening of respect for human rights and fundamental freedoms.” These rights are being violated in the United State as austerity and corporatization undermine education. 

People are standing up to fight for their right to education – this includes students, parents and teachers.  We especially need to support the efforts of students who stand up for their rights like the inspiring Algebra Project youth. This week, there was a day of actions across the country to take back public schools.

One more area where human rights are violated in the United States is housing.  Not only are economic policies making housing unaffordable, but people who can no longer afford housing are being widely criminalized, as are those who provide food to the hungry. This week in San Francisco, housing activists blocked a google bus to protest the evictions resulting from tech-driven gentrification that makes housing too expensive for many.

These are just a few examples. We can look to almost every issue and find the violation of human rights. And, we can also see that if the five principles of human rights were applied, the policies would be very different and we would see a country that met the necessities of people and protected the planet from ecological destruction.

Time for Outrage

In 2010 Stephane Hessel (here’s a website inspired by his work) who fought in the French Resistance and was the youngest member of the staff of the drafters of the Universal Declaration of Human Rights wrote a short book “Time for Outrage” (Indignez-vous!).  He was 95 when he died in 2013. His book is credited with being one of the catalysts of the Indignado movement, the forerunner of the Occupy Movement. It has sold millions of copies and been translated into 17 languages.

Hessel begins by piercing the false rhetoric of the type we hear from the bi-partisans in Washington and neoliberals around the world:

“We are told, shamelessly, that the state cannot bear the cost of certain civil measures any longer. But how can we lack the funds when our nations enjoy greater wealth than any time since Liberation, when Europe lay in ruins? How else to explain this but for the corrupt power of money … which is now greater, more insolent, and more selfish than ever.
“The wealthy have installed their slaves in the highest spheres of state. The banks are privately owned. They are concerned solely with profits. They have no interest in the common good. The gap between rich and poor is the widest it’s ever been, the pursuit of riches and the spirit of competition are encouraged and celebrated.”

Hessel final chapter calls for a “Peaceful Insurrection” and concludes by putting forward a charge for all of us today, one we should take seriously as we work for a better world built on the foundation of universally recognized human rights. In his final paragraphs he writes:

“How can I conclude this call for indignation?
“By reiterating that on the sixtieth anniversary of the Program of the National Council of the Resistance – March 8, 2004 – we, veterans of the Resistance who fought for Free France between 1940 and 1945, said the following: ‘Yes, Nazism was defeated, thanks to our brothers and sisters of the Resistance who sacrificed their lives, and thanks to the nations united in their opposition to fascist barbarity. But the threat persists; we are not entirely rid of it. And against injustice, our anger remains intact.
“Indeed, the threat persists. We therefore maintain our call for ‘a rebellion – peaceful and resolute – against the instruments of mass media that offer our young people a worldview defined by the temptations of mass consumption, a historical amnesia, and relentless competition of all against all.
“To the men and women who will make the twenty-first century, we say with affection:

“TO CREATE IS TO RESIST

TO RESIST IS TO CREATE”

Every day, rights guaranteed by US laws as well as the Universal Declaration of Human Rights are violated against the people of the United States and around the world.  Let us recognize that these rights are our inalienable rights and that only we can ensure that we have them. They will not be given to us; we must take them and be indignant in our constant demand that they be respected.

Sign up for the daily news digest of Popular Resistance, here.

This article is produced by PopularResistance.org in conjunction with AlterNet.  It is based on PopularResistance.org’s weekly newsletter reviewing the activities of the resistance movement.



Kevin Zeese and Margaret Flowers are participants in PopularResistance.org. They also co-direct It’s Our Economy and are co-hosts of Clearing the FOG, shown on UStream TV and heard on radio. They tweet at @KBZeese and MFlowers8.

Wednesday, May 29, 2013

Number 8 below: "According to The Economist, the United States was the best place in the world to be born into back in 1988. Today, the United States is only tied for 16th place." Were we a great country ...or what?





Tuesday, May 28, 2013

40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe

By Michael Snyder (The Economic Collapse Blog | Original Link)

















































#7 According to the World Bank, U.S. GDP accounted for 31.8 percentof all global economic activity in 2001. That number dropped to 21.6 percent in 2011.
#8 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.
#9 According to The Economist, the United States was the best place in the world to be born into back in 1988. Today, the United States is only tied for 16th place.
#10 Incredibly, more than 56,000 manufacturing facilities in the United States have been permanently shut down since 2001.
#11 There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.
#12 According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit.
#13 When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars. By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.
#14 Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year. In 2012, our trade deficit with China was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in the history of the world.
#15 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.
#16 According to the Economic Policy Institute, the United States is losing half a million jobs to China every single year.
#17 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
#18 At this point, an astounding 53 percent of all American workers make less than $30,000 a year.
#19 Small business is rapidly dying in America. At this point, only about 7 percent of all non-farm workers in the United States are self-employed. That is an all-time record low.
#20 Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.
#21 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.
#22 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.
#23 The six heirs of Wal-Mart founder Sam Walton have as much wealth as the bottom one-third of all Americans combined.
#24 According to the U.S. Census Bureau, more than 146 million Americans are either “poor” or “low income”.
#25 According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.
#26 Overall, the federal government runs nearly 80 different “means-tested welfare programs”, and at this point more than 100 million Americans are enrolled in at least one of them.
#27 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse. It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#28 As I wrote recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
#29 At this point, Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years. That comes to approximately$328,404 for every single household in the United States.
#30 Right now, there are approximately 56 million Americans collecting Social Security benefits. By 2035, that number is projected to soar to an astounding 91 million.
#31 Overall, the Social Security system is facing a 134 trillion dollar shortfall over the next 75 years.
#32 Today, the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.
#33 According to a report recently issued by the Pew Research Center, on average Americans over the age of 65 have 47 times as much wealth as Americans under the age of 35.
#34 U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.
#35 As I mentioned recently, the homeownership rate in America is now at its lowest level in nearly 18 years.
#36 There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
#37 45 percent of all children are living in poverty in Miami, more than 50 percent of all children are living in poverty in Cleveland, and about 60 percent of all children are living in poverty in Detroit.
#38 Today, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history.
#39 When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now, more than 47 million Americans are on food stamps.
#40 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”