Now that the Greek government has survived a confidence vote in Parliament, the stage is set in Greece for further confrontations ahead of next week’s decision on the new “austerity” plan demanded by the “troika” – the International Monetary Fund (IMF), the European Central Bank (ECB), and the European Union (EU). While the origins of […]
Continue readingTag: Recession
The Progressive Economics Forum: Incomes in Canda – Booming and Busted
Today’s release of the annual Income in Canada report is Statistics Canada’s first word on the impact of the Great Recession on Canadians’ incomes. The report in The Daily was presented as a non-event, but the data reveal important stories about the winners and losers since the recession. What comes through loud and clear is […]
Continue readingThe Progressive Economics Forum: Incomes and the Recession
Today’s Statscan release “Incomes of Canadians” provides data for 2009 and a partial reading on the impacts of the recession. (I say partial because the 2008 annual average data were impacted by the onset of the recession in the last quarter of the year, and since these impacts continued well into 2010.) The data give […]
Continue readingRedBedHead: Today’s U.S. Economic News: This Parrot Is Dead
The jobs report is out and like all of the other economic indicators, it shows that the US economy is going nowhere fast. The whole of this year has been about watching the optimism that started the year turn sour bit by bit as the remaining effects fr…
Continue readingRedBedHead: The Tories’ Bankrupt Brains
“I see, said the blind man to the deaf dog, who wasn’t listening anyway” is a phrase that comes to mind reading reports of federal Finance Minister Jim Flaherty’s press conference on the economy. Generally speaking we expect governments to do more to s…
Continue readingRedBedHead: The Return Of Stagflation?
Those of us around in the 1970s will remember the term stagflation – a combination of economic stagnation and inflation that created a conundrum for bourgeois economists: do you move to rein in inflation by tightening credit and imposing wage and price…
Continue readingbastard.logic: Montreal Massacre: “Remember, then organize.”
by matttbastard Record snowfall may have forced the cancellation of local commemorative events, but the memories of December 6th, 1989 remain fresh, regardless of where we wrestle with them. Though we take time today to reflect on the untimely murders of 18 … Continue reading →
Right of Center Ice: The Tea Party Strikes Back
How dare President Obama attempt to the Bush-era tax cuts for the rich expire, adding a whopping 4.6% to an already “overtaxed” population! But America shouldn’t worry, ’cause the Tea Party has got their backs. And I don’t mean “America” in the collective sense, I mean those Americans who came
Continue readingWorld Headlines Review: Seoul G20: Perplexing Conclusion, Clear Result
The conclusion of the most recent G20 summit in Seoul last Friday, hailed as a success for political reasons by attending politicians, was punctuated with the following agreed upon statement: “Uneven growth and widening imbalances are fueling the temptation to diverge from global solutions into uncoordinated action… uncoordinated policy actions
Continue readingTime Heals All Wounds
Today, Bank of Canada Governor Mark Carney spoke in Windsor on the state of Canada’s economy and made his predictions for the future. The outlook seems that the economy will remain at a crawl, for the time being, with gradual growth.
Still recovering …
Continue readingThe Global Express: "Operation Iraqi Freedom Has Ended"
As one of the most controversial wars to ever take place, the War in Iraq is drawing to its anticipated conclusion. Keeping up with his campaign promise, President Obama addressed the nation from the Oval office to announce the end of the war after mor…
Continue readingredjenny: ‘Tent cities’ of homeless on the rise across the US
Homeless encampments dubbed “tent cities” are springing up across the US, partly in response to soaring numbers of home repossessions, the credit crunch and rising unemployment, according to a report.
Homelessness, car camps and tent cities are certainly not new, but they are growing rapidly. 
In Reno, Nevada, the state with the nation’s highest repossessions rate, a tent city recently sprung up on the city’s outskirts and quickly filled up with about 150 people. Many, such as Sylvia Flynn, 51, who came from northern California, ended up homeless after losing their jobs and home.
Officials say they do not know how many homeless the city has. “But we do know that the soup kitchens are serving hundreds more meals a day and that we have more people who are homeless than we can remember,” Jodi Royal-Goodwin, the city’s redevelopment agency director, said.
In California, the upmarket city of Santa Barbara is housing homeless people who live in their cars in city car parks while Fresno, has several tent cities. Others have sprung up in Portland in Oregon, and Seattle, where homeless activists have set up mock tent cities at city hall to draw attention to the problem.
Meanwhile, new encampments have appeared, or existing ones grown, in San Diego, Chattanooga in Tennessee, and Columbus, Ohio.Story>
Some quick internet searching uncovered many others, in Dallas, Olympia, L.A., Athens, Georgia, Columbus. Others, like Tenessee and St. Petersburg have been shut down.
MSNBC has a photo essay on a large tent city in Sacramento, juxtaposing it with the Sacramento tent city of the Great Depression.
There are homes sitting empty, while people have no place to live. Excess supply coexisting with excess demand. The invisible hand has failed these people.
Continue readingredjenny: ‘Tent cities’ of homeless on the rise across the US
Homeless encampments dubbed “tent cities” are springing up across the US, partly in response to soaring numbers of home repossessions, the credit crunch and rising unemployment, according to a report. Homelessness, car camps and tent cities are certainly not new, but they are growing rapidly. In Reno, Nevada, the state
Continue readingredjenny: ‘Tent cities’ of homeless on the rise across the US
Homeless encampments dubbed “tent cities” are springing up across the US, partly in response to soaring numbers of home repossessions, the credit crunch and rising unemployment, according to a report. Homelessness, car camps and tent cities are certainly not new, but they are growing rapidly. In Reno, Nevada, the state
Continue reading