Jobs
Fortune Magazine suggests that mainstream economists are "completely oblivious" to the fact that the jobs may never come back. Doesn't bode well for the rest of us.
It's estimated that in the next 10 years more than 40 percent of jobs could be such temporary positions; and that within the next few decades, full-time employees might become the minority of workers in this country. That means most workers won't have benefits like health care, paid vacation and retirement plans - all things many of us have taken for granted for years and years.
Increased work hours make up for the people that have been cut.
While some economists have declared that the recession is technically over, the black jobless rate has grown from 9 percent to 15.3% and the jobless rate for hispanics grew from 10.2 percent to 13.1%.
Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.
Detroit's Unemployment Rate Is Nearly 50%, According to the Detroit News
Ten years ago, the "employment rate" in the United States was about 64%. Since then it has been constantly declining and now the "employment rate" in the United States is only about 58%. So where did all of those jobs go?
Wasteland: Europe stalked by spectre of mass unemployment
Economics
It Is Now Mathematically Impossible To Pay Off The U.S. National Debt. the U.S. government now owes more dollars than actually exist.
Fed Chairman Ben Bernanke predicted that our national debt will double to $20 trillion or 100 percent of our gross domestic product by 2020.
The U.S. national debt will reach 100 percent of GDP by the year 2015.
The FDIC's list of problem banks recently hit a 17-year high.
In March, the price of fresh and dried vegetables in the United States soared 49.3% - the most in 16 years.
Foreclosures continue to set records across the United States. RealtyTrac, the California-based authority on property trends and valuations, projects that there will be 4.5 million home foreclosures before the end of this year.
According to the U.S. Department of Agriculture, about 39.4 million Americans, a new all-time record, received food stamps in January.
Ten years ago, the "employment rate" in the United States was about 64%. Since then it has been constantly declining and now the "employment rate" in the United States is only about 58%. So where did all of those jobs go?
Japan now manufactures about 5 million more automobiles than the United States does.
China has now become the world's largest exporter of high technology products.
The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.
Beginning in the month of March, the U.S. Postal Service will begin shutting down up to 2,000 post offices across the United States.
China credit agency: cut US debt rating From “AA” to “A+”
June, 210
US Credit Rating Outlook Downgraded by S&P
In an absolutely stunning move, Standard & Poor's has downgraded Japanese government debt from AA to AA- .
The U.S. government is currently borrowing about 40 cents of every single dollar that it
spends.
14 percent of all homes in America are vacant.
Poverty
Census: 1 in 7 Americans lives in poverty
Homelessness Up 50% In New York City
In the United States, 40 million people die every year because they don't have health insurance.
44 million Americans receive food stamps