Tag Archives: unemployment

Chomsky’s “Plutonomy & the Precariat” Explains Why Jobs aren’t Coming Back

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Earlier this month Noam Chomsky published an incisive essay entitled: “Plutonomy & the Precariat: On the History of the U.S. Economy in Decline*, which elucidates how the extreme concentration of wealth with the 1% has transpired because our country no longer manufactures actual things — bankers, stock brokers and financiers simply manipulate the idea of money. The United States has mutated into a vastly economically stratified oligarchy, 99% of whom have almost no political power or influence in our nation’s “democracy”.

Mapping Poverty and the Riots: Correlation or Causation?

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The British Guardian has just published a fascinating interactive map which plots out where violence has taken place in the last week, in relation to the regions in England where poverty and unemployment are the most severe. Data journalist Matt Stiles took the newspaper’s data on economic poverty, and all the information available about the recent riot incidents, and overlaid the two together. The darker red colors represent poorer neighborhoods, while the blue areas highlight the richer regions. A correlation does not equal a causation, but this data map is definitely a wake up call.

Institutionalized Racism and Police Abuses Fueled British Riots

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As the angry riots continue to rage on in England, on this side of the pond we are trying to understand why this is happening. It is difficult to comprehend the many factors that have contributed to these violent uprisings after the murder of a 29 year old black man named Mark Duggan. These destructive incidents have been called everything from a class war and egregious opportunistic theft, to the beginning of a popular revolution.

Geography of a Depression

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According to the U.S. Department of Labor’s Bureau of Labor Statistics, there are over 31 million people presently unemployed; and from the economic desperation that I have seen around this nation, those seem like very conservative estimates. This is a very disturbing animation of just how rampantly unemployment has spread across the United States in […]

Spending the Stimulus Money – What to Expect in LA

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There’s more than $50 billion coming your way, Californians! That’s the amount that the California Budget Project expects the State and its residents to receive. The goal is the creation of 400,000 jobs, many of them “green jobs”. The funding comes none too soon, since California’s unemployment rate hit 10.5% in February. But how will […]