Saturday, January 21, 2012

U.S. Cities Still in Depression

Few Cities Have Regained Jobs They Lost, Report Finds by Micheal Cooper. The New York Times. Jan 18, 2012:

[excerpted] "Less than a tenth of the nation’s metropolitan areas have regained the jobs they lost in the economic downturn, according to a report being released Wednesday by the nation’s mayors as they gather in Washington to express their exasperation that the federal government seems

Only 26 of the nation’s 363 metropolitan areas had recovered their lost jobs by the end of 2011, and only 26 more are projected to recover them by end of this year, according to the report, which was commissioned by the United States Conference of Mayors. It will take at least five years for the 80 hardest-hit areas to recover the jobs they lost, the report forecast..."

1 comment:

  1. On January 22, 2012 we had a "Wake Up Call"

    It didn't turn out to be too serious. Picture the sun being 93,000,000 miles away and firing a shotgun blast the size of the earth, towards the earth. Well it is not likely to be a direct hit. Apart from some Satellite disruption, and a few pieces of "space junk" falling out of the sky (indeed the atmosphere changes and causes drag on space junk which then falls out of the sky), some really neat northern lights, and some detectable electric currents in Norway, well it wasn't too bad.

    But it could be bad. In 1989 a mini-Carrington burnt up some industrial size transformers, and shut down the grid for 6 million people. Serious enough stuff.

    Just think what would happen if it wasn't just one power company and a few big transformers, what if it was 400 power companies, 5000 transformers, and 400 nuke plants melting down? We have been set up for this, we are living on borrowed time.

    Troll Jousting Fodder here, check it out.


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