Articles Archive for July 2009
economic crisis, recession, unemployment »
The rich get richer, the rest of us need income security.
The sad reality and absurdity of our economic situation is on display in today’s New York Times. Two front-page stories, conveniently – thoughtfully? deliberately? – placed next to each other, present two sides of “the economy.”
First, because it’s higher on the page, is:
$3.4 Billion Profit [...]
capitalism, other countries »
Pope Benedict, capitalism, and income security for all
“Pope Benedict XVI says modern capitalism is failing.”
That was the caption on a CNN website story, here, about the Pope’s encyclical published just ahead of President Obama and other G8 leaders arrival in Italy.
Too bad the Pope didn’t go a step further and present the solution: a guaranteed [...]
economic crisis, unemployment »
Will 30 million Americans demand income security?
Official unemployment is now 9.5 percent, according to the U.S. Department of Labor. As reported in the New York Times:
The American economy lost 467,000 jobs in June and the unemployment rate edged up to 9.5 percent in a sobering indication that the most painful downturn since the Great Depression [...]