It was a low-down , no-good, godawful bailout. But it paid. - The Washington Post: "a Fortune analysis shows that U.S. taxpayers are also coming out ahead on it — by at least $40 billion, and possibly by as much as $100 billion eventually. This is our count for the entire bailout, not just the 3 percent represented by the massively unpopular Troubled Assets Relief Program. Yes, that’s right — TARP is only 3 percent of the bailout, even though it gets 97 percent of the attention.
- Sent using Google Toolbar"
Sunday, July 10, 2011
Saturday, July 9, 2011
Black economic gains reversed in Great Recession - Post-Tribune
Black economic gains reversed in Great Recession - Post-Tribune: "- Sent using Google Toolbar"
Buy the book! Buy the book Eighteen Months and Short Stories, Real Life today!
Buy the book! Buy the book Eighteen Months and Short Stories, Real Life today!
Friday, July 8, 2011
Saturday, July 2, 2011
Thursday, June 30, 2011
How the Debt Ceiling Issue Will Hit Ordinary Americans in the Wallet - DailyFinance
How the Debt Ceiling Issue Will Hit Ordinary Americans in the Wallet - DailyFinance: "- Sent using Google Toolbar"
It is our congressional leaders who are being "dicks." Debt ceiling issues usually get bipartisan support. Call your congressman or woman and tell them to raise the debt ceiling.
"It also matters because all the parts of our economy are intricately intertwined, like a woven basket where each reed relies upon the next for support. Say the government postpones payments to a contractor. That contractor may decide to hold off on that new ad campaign it had planned to launch. Now, people working in the advertising industry, and maybe the newspapers and television channels that rely on advertising dollars, start to feel the pinch, and so those people decide to start saving more and spending less, in case the economy takes a downturn. Because consumers are now spending less money, stores start seeing a decrease in sales, and respond by reducing employees' hours or even engaging in outright layoffs. And it spirals downward from there."
Buy the book! Buy the book Eighteen Months and Short Stories, Real Life today!
Buy the book! Buy the book Eighteen Months and Short Stories, Real Life today!
It is our congressional leaders who are being "dicks." Debt ceiling issues usually get bipartisan support. Call your congressman or woman and tell them to raise the debt ceiling.
"It also matters because all the parts of our economy are intricately intertwined, like a woven basket where each reed relies upon the next for support. Say the government postpones payments to a contractor. That contractor may decide to hold off on that new ad campaign it had planned to launch. Now, people working in the advertising industry, and maybe the newspapers and television channels that rely on advertising dollars, start to feel the pinch, and so those people decide to start saving more and spending less, in case the economy takes a downturn. Because consumers are now spending less money, stores start seeing a decrease in sales, and respond by reducing employees' hours or even engaging in outright layoffs. And it spirals downward from there."
Buy the book! Buy the book Eighteen Months and Short Stories, Real Life today!
Buy the book! Buy the book Eighteen Months and Short Stories, Real Life today!
Wednesday, June 29, 2011
If this world were mine: Economic Diversity in the Black Community
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| Photo courtesy of usslave.blogspot.com |
Where are our advertising agencies? Where are our television and radio stations? We should have them by the 100s of thousands, constantly telling ourselves what ever it is we want to be reminded of or know. Have you ever noticed that we as a country don't share our local news readily? How would the vast majority of us know whether or not we were all experiencing the same thing if network news did not tell us? It would be back to word-of-mouth and telephones just like the olden days.
The lack of these items in our community relates to a deficiency in jobs or rather viable career paths. Plenty of black folks major in these areas in college (if we are allowed and yeah, I said it) but then we have to go a beggin' to other community groups for the work. Those groups are selective amongst themselves between rich and poor. Blacks deserve the same opportunity to make those decisions but we do not get the chance to do so. We have not given ourselves the right to make these places viable work options.
It is for this reason our communications and news is filtered mostly though sets of eyes and minds that do not work like ours do and do not understand what we know. Gatekeepers of another color, creed, race, religion in some instances a whole 'nother agenda. That is why we do not know every little thing our favorite black celebrity is doing. Now, if given the choice of more privacy and freedom or more money, many of the black glitteratti would choose the latter--bet. And there would be more black glitterati--maybe you or another person you know.
It is for this reason, our nation's first black president has to have his message spun in a million different directions. There are no black news or communication agencies that broadcast nationally. None. Not everyone is on the Web. The bulk of our black wealth is not on the Internet. They look on television broadcasts and newspapers for a reflection of self but all they see is criminality--a concept many cannot relate to as they follow the law and God.
So let us decided to do this thing for ourselves because from that point, businesses will erupt and create commerce like a seedling in the springtime. We all have to provide food, clothing and shelter for ourselves so we need black farms, black textile factories and black construction companies. Competition in the economic arena in the form of capitalism leads to flourishing advertising and marketing. And there we have our economically viable black community. All we would have to do is to populate it, educate it, guide and direct it.
The black farm needs workers and heavy equipment so let us, like we do in Farmville, create the means of production to do this. We would need a steel foundry--Gary has plenty but not owned by blacks or Americans for that matter however, I'm sure at the right price we would be in business together. The company that creates heavy earth moving equipment gets steel from them and the black farmer buys the tractor. Everybody works and makes money. The few black banks we have would have to finance our endeavors, so on and so forth.
Of course this is a simplistic, Stone Soup way of looking at a very layered and complicated mission but if we were ever in the position to have to do this, we would be able to do so. There would be a group of like minded individuals who would rise about the rest and become the true black bourgeois, keeping us fed, sheltered and clothed because they would not be able to afford selfishness and greed to lead their decisions because that would lead to death very quickly. And there would be jobs aplenty--so much so that black women would go back to the old days and start having babies earlier in life to keep up with the demand our society would place on itself. Those women would be charged with the duty of being a mom and wife and her husband would be able to support his family legally, ethically and morally.
Editor's Note:
I prefer the Stone Soup analogy to the one of Allumette the original. I grew up reading Grimm Brother's Fairy Tales--the American version of Allumette. (Whatever dudes, the girl starved to death outside of the French bakery but she died hallucinating that she had a cornucopia of delicious baked goods.)
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