Sunday, December 7, 2008

Article Update

Folks-
I've got a bunch of articles you should read.

I'm sure you've heard that the U.S. posted a much higher than expected 533,000 jobs lost last month, bringing the unemployment rate to 6.7%. Now, if you count those who have left the workforce (willingly or not) the underemployment rate is 12.5%. That includes people who only have part-time jobs but want full-time jobs, as well as those who can't find jobs. More at the New York Times.

The Columbia Journalism Review notes how CNN just added to those unemployment figures by canning their entire Science and Tech reporting staff. Guess I won't be going to them for cutting edge science news.

Keeping that information in mind, the Boston Globe has a great article on what the next Great Depression might look like. People huddled around the TV's, long lines at the ER, soup kitchens getting hit hard (like they are already), Detroit a Ghost Town, and nobody willing to call it a Depression because nobody wants to define just what a Depression is. Another fact from the article: At the worst point of the Great Depression the unemployment figures (which were much more like our underemployment figures because there was no Unemployment Insurance then) was at 25%--roughly double our underemployment figures today. We may be getting there folks, even if the Boston Globe doesn't want to call it.

And with all of that, Mark Fitzgerald over at Editor and Publisher notes figures that show that many cities may be without a daily newspaper by 2010.

Randi Rhodes pointed out on her show a few days ago that druggie Limbaugh and other hot-air-wave conservatives are calling this "Obama's Recession." Yep, it's all Obama's fault for going out and getting elected. The Recession, which I might add was recently said to have started a year ago, is entirely Obama's fault, even before he's had a chance to take office. Just goes to show you how reality doesn't have any affect on them. It's always the liberal's fault.

-Edly

1 comment:

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