Posted by Rosa Maria Young on
September 3, 2010
Unemployment in the US inching towards 10%
Not good news for the Obama administration and specially not good for the many unemployed US workers . While the American economy created 67,00 jobs in the private sector in August, which was slightly better than expected , it was still not enough to bring down the unemployment rate which in fact went up slightly to 9.6 percent. Read the rest of this entry »
Posted by Rosa Maria Young on
July 6, 2010
Stubborn unemployment
If one looks at it from Europe, the unemployment rate in the US does not look so bad. The problem is that the rate does not tell exactly what is going on. For instance, in May the rate declined to 9.5% from 9.7% but that did not mean that more jobs were available. Read the rest of this entry »
Posted by Rosa Maria Young on
July 5, 2010
After the celebrations, back to reality
Yesterday the country was celebrating. After all the depressing news of the past months, it was a kind of catharsis that everybody needed. Unfortunately the problems did not disappear and we have to continue facing them. Read the rest of this entry »
Posted by Rosa Maria Young on
April 23, 2010
Greece request activation rescue aid
George Papandreu, the Greek prime minister, said on television that due to pressure from the markets, which had not responded in a positive way to Greece austerity measures, it was now a pressing necessity to get aid. Read the rest of this entry »
Posted by Rosa Maria Young on
February 9, 2010
Saving the Euro
On this coming Thursday, the European Union 27 leaders will gather in Brussels for a summit dedicated to revive the European economy. While the summit was called by the new European president, Herman Van Rompuy, not much action has yet been seen or heard from his office. Read the rest of this entry »
Posted by Rosa Maria Young on
January 25, 2010
Fighting for the middle class?
Never mind what the White House officials are spinning about their reaction to the Massachusetts defeat of the Democrats, it is quite evident that they are worried and upset. And that is probably a good thing. It is time that they realize, from the president on, that their fellow citizens are not happy with the state of the country. Read the rest of this entry »
Posted by Rosa Maria Young on
October 20, 2009
America: the unemployed and Wall Street bonuses
“Safety Nets for the Rich” was the title of the column Bob Herbert wrote on Monday in the New York Times. I have to say that I agreed with him totally and not only because he commented in the passivity of the American population, something that has always puzzled me. I have many times talked about that with friends and family both in the US and abroad. Many of us thought that American patience does not go with the so much talked about American violence. Read the rest of this entry »
