“Ghost Towns” and Other Disturbing Trends

 

 

While home vacancy rates are more than 50 percent in some cities, this is just one of many signs that the U.S. economy isn’t heading for recovery, but for more trouble unless sensible economic and trade policy is enacted.

Over the past 12 months the average price of gasoline in the United States has gone up by about 30 percent. Because of this the average American now spends approximately 23 percent of his or her income on food and gas.

At a time when critical goods are rising in prices, there are 7.25 million less jobs than when the recession began. Employment is lower now than at the start of the last decade. The average length of unemployment is now 39 weeks, an all-time record.

Full Story Here: “Ghost Towns” and Other Disturbing Trends | Economy In Crisis.

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    If we don't change our ways soon...

    A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."
    This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.
    And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.
    -Thom
    (Is there any chance we will learn in time? Tell us here.)
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