economy

POLL

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Do you think 2011 will bring changes to the economy? After voting, please EXPLAIN your answer by ADDING a comment.

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Angela

Am I Forgotten?

So, I have been long time unemployed. I no longer receive unemployment benefits. I also do not receive any other public assistance. I am fortunate to have a family member helping me out, I use my dwindling retirement monies and am very frugal.

I want to know if I am still counted as being unemployed?

When the numbers come out, who do they count?

How is this data collected?

I am still looking for work, so I am not in that category.

Since I am basically 'flying under the radar' I assume many many more people are also.

The recession is over when...

[edit from Chuck: I'm truncating this post. While I really appreciate that it has been shared, I want to give the author proper due so I'm clipping the quote and linking to the author's blog rather than posting the whole thing. Please observe Fair Use when quoting the work of others, folks.]

I found this on AOL a couple of weeks ago and wanted to share it here.

This really sums up what I try and tell people all the time.

Is the recession over???

It seems so strange that the news is reporting that the recession ended 15 months ago. I am finding the the recession is turning to a depression at a rapid rate. Every month I find it harder and harder to do the things that 2 years ago I took for granted. You know things like going out to lunch after a volleyball meet of your kids or going to a luncheon that you have to pay for, or paying for treats for the PTA meeting when it is your turn. I have found that in the last fifteen months I have told my kids we can not afford something more than I have the rest of their lives.

Recession cutback city - Even the rich people are doing it!

Recession cutback city - Even the rich people are doing it!

Wealthy people have been doing the spending with the economy needing to be stimulated. Even those who have many money have quit spending money casually, reports the New York Times. The American economy has come deadly close to halting as noted by the Federal Reserve. Another stimulus could possibly be around the corner with the economy getting any worse.

Wealthy spend, jobs created

Majority of U.S. Jobs Now Filled by Women

One of the great blessings of my semi-charmed kinda' life (love that song!) is the Atlantic subscription my dear Grammy renews for me every year at Christmas. The quality of the writing reassures me that the battle is not lost; our world is not yet entirely post-literate. Hope persists. My Atlantic subscription is not an expense I could justify myself, even though it keeps me sane on some level.

Despite the bourgeois poseur tone of some articles, there is no disputing the quality. The depth of perspective is unmatched.

Reaching Out

Have you heard of Connecting Us All – The Global Giving network? Well, this organization was designed out of necessity to structure a support system and allow people to help people no matter a person’s age, religion, gender or economic position. I am sure you’ve heard of all the situations with people losing their homes, jobs, savings and all the situations of violence here and around the world? Have you or anyone you know been effected by these situations?

Foreclosures Reach Insane Levels

To think, 500 million mortgage payments of $2000 could have been made with the TARP bailout money.

Yeah, I did the math three times -- once in my head, once with a calculator, and once on paper just to be sure. We gave them enough to make not 500,000 $2000 mortgage payments. Not 5,000,000. Not 50,000,000. 500,000,000 payments of $2000 is one trillion dollars, which is less than what we gave the banksters.

U.S. Jobs Picture Catastrophic

David Leonhardt noticed the right thing. Maybe there is hope that the mass-market media will wake up one day and realize that its not doing its job is kind of a bad thing for its own profits and society at-large. (Actually, Leonhardt is one of the best out there when it comes to economic commentary. That explains why he writes for The New York Times while people like me are exiled to the outer bands of a far-off galaxy in cyberspace.)

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