Skip to main content

austerity triplex (conforming loans only, please)

And here's the "real news" from Germany where a political leader, representing the more marginalized citizens, states, and pardon my possible paraphrase, that "austerity is the ideology of the ruling class." As you might imagine, it's the poor who go with less or without under such policies, and the video considers how German businesses are also hurt when citizens in Greece and Spain have little to no spending power beyond that which will go to the most basic necessities.

Back home, a recent year's worth of Bureau of Labor Statistics jobs-growth reporting was revised upward by almost 400,000, and although that is but a small dent in the supposed 23 million without work, or without as much work as they'd like, it is somewhat ironic that the "year" reported on seems almost entirely contained within the period where there was intense gridlock and a blocked jobs bill in Congress. Here's an excerpt from the Forbes article:

The Bureau of Labor Statistics is out with its annual update to benchmark unemployment numbers (for the more cynical among you, the BLS does this every fall so this is not a number being ‘timed’ for the election), and the numbers reveal that 386,000 more non-farm jobs were actually created between March, 2011 and April 2012 than what had been originally reported.

The figures represent a variance from the previous data of 0.3 which sits right at the norm for annual benchmark adjustments which are typically up or down by 0.3 percent.

As a result of the revision, the Obama administration can now claim a net job increase of 125,000 rather than what had previously been believed to be a net loss of 261,000 jobs.

Of course, it remains a muddle, but it still feels like things are bad and not improving, or not improving fast enough, for millions and millions of workers throughout Europe and America. And, in some countries and counties, of course, they seem to be getting worse.


Comments

Popular posts from this blog

Top Ten Russian Novels!

L.U.S.K. is excited to feature a guest post from Aisha O'Connor-Fratus, writer, editor, parent, and blogger at Hell's Domestic Backside. Enjoy this list of Aisha's ten favorite Russian novels:
1. Anna Karenina (Lev Tolstoy, 1873 to 1877). Anna is rich and bored. Anna hates the way her husband chews his food. Count Vronsky—played by Christopher Reeve, so handsome) sweeps Anna off her feet! But things do not end well for Anna.
2. The Brothers Karamazov (Fyodor Dostoevsky, 1880). Not about a traveling circus acrobatic troupe. Its sweeping explorations of God, free agency, and morality are timeless and haunting. My favorite part is Ivan’s reciting of the poem “The Grand Inquisitor” in which Christ is resurrected during the Spanish Inquisition.
3. Crime and Punishment (Dostoevsky, 1866). Life-long graduate student Rodion Raskolnikov tries to justify an unspeakably immoral act with eugenics and hey—a guy needs to eat.
4. Rudin (Ivan Turgenev, 1856). Dmitry Rudin talks the talk, but…

The Writing Life Starring Iain Levison

Iain Levison's Dog Eats Dog was published in October, 2008 by Bitter Lemon Press and his even newer novel How to Rob an Armored Car will be published by Soho Press in October, 2009. Back in '00 or so, L.U.S.K. first discovered Levison's A Working Stiff's Manifesto in hardcover with its original subtitle, "Confessions of a Wage Slave." That memoir established Levison's scalding wit and ability to hold the attention of an ever-tweeting audience. It was later released as a trade paperback with a supercharged second subtitle, and Levison has managed to survive, publish, and publish again. With long-terms roots in Scotland and Philadelphia, Levison currently resides in Raleigh, North Carolina where he commits literature and carpentry as much as he can.

USK: When did you first know you wanted to be a writer and when did you first identify as a writer?
IL: Writing is the only thing I've ever been any good at. Well, the only legal thing. Early on, I realized t…