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More Poverty in Suburbs Than in Cities December 28, 2011

Posted by tkcollier in Economy & Business, Lifestyle.
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In the wake of the Great Recession, poverty rolls are rising at a more rapid pace in the suburbs than in cities or rural communities. Between 2000 and 2010, the number of suburban households below the poverty line increased by 53 percent, compared to a 23 percent increase in poor households in urban areas, according to a Brookings Institution analysis of census data.

Last year, there were 2.7 million more suburban households below the federal poverty level than urban households, according to the Bureau of Labor Statistics. That was the first time on record that America’s cities didn’t contain the highest absolute number of households living in poverty.

via America’s Dirty Little Housing Secret Is Rocking The Suburbs.

What We Can Learn From Japan February 23, 2009

Posted by tkcollier in Economy & Business.
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“Japan is so dependent on exports that when overseas markets slow down, Japan’s economy teeters on collapse,” said Hideo Kumano, an economist at the Dai-ichi Life Research Institute. “On the surface, Japan looked like it had recovered from its Lost Decade of the 1990s. But Japan in fact entered a second Lost Decade — that of lost consumption.”

via When Consumers Cut Back – A Lesson From Japan – NYTimes.com.

Should We Turn Japanese? February 14, 2009

Posted by tkcollier in Economy & Business, Geopolitics.
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“I thought America had studied Japan’s failures,” said Hirofumi Gomi, a top official at Japan’s Financial Services Agency during the crisis. “Why is it making the same mistakes?”

Japan’s problems did not happen at the time of a world-wide downturn. I think that Geithner is afraid that the World Financial System couldn’t handle the Japanese cure right now – The cure could kill the patient.

via Lessons From Japan in Stemming a Crisis – NYTimes.com.

No Jobs = No Peace February 14, 2009

Posted by tkcollier in Economy & Business, Geopolitics.
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Just last week, the new United States director of national intelligence, Dennis C. Blair, told Congress that instability caused by the global economic crisis had become the biggest security threat facing the United States, outpacing terrorism.

High unemployment rates, especially among young workers, have led to protests in countries as varied as Latvia, Chile, Greece, Bulgaria and Iceland and contributed to strikes in Britain and France.

Worldwide job losses from the recession that started in the United States in December 2007 could hit a staggering 50 million by the end of 2009, according to the International Labor Organization, a United Nations agency. The slowdown has already claimed 3.6 million American jobs.

via Rise in Jobless Poses Threat to Stability Worldwide – NYTimes.com.

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