Announcement

Collapse
No announcement yet.

Updates from the Trenches

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Updates from the Trenches

    not the Tranches....

    For Many, Uncertainty, Fear and Shame Often Follow Pink Slips

    By MICHAEL LUO



    From Allotting Help to Seeking It Out

    In the last year, Evan Gutierrez, 29, has gone from administering a church’s good-will fund to applying to one so his family could pay the rent as he continued to look for work.

    He had been working at a church and community center in Los Angeles, where he was the music director. He also helped dispense money for the church’s crisis fund. He was forced to leave in December 2008 when the organization’s endowment shrank precipitously in the stock market collapse. He was hired shortly afterward as a music teacher at a charter school, but it suddenly folded in March because of cutbacks in financing.

    His wife, who teaches at a Catholic school, recently gave birth to their first child, a son.

    But they had already been forced to move to a smaller, 500-square-foot apartment earlier this year, and they have since exhausted their savings. They have borrowed money from family and received $500 from a church in July after falling behind on their rent.

    Mr. Gutierrez said he had papered the city with résumés but found that he could not land even menial work because he was considered overqualified.
    “We grow up with the impression there’s a correlation between effort and the fruits of your labor,” he said. “To be honest with you, I have very little confidence I’m going to be able to turn this around. It just feels completely, completely out of my control.”



    Safety Net Thins as Search Persists

    Debra Winchell, 50, is single with no siblings, and her mother lives in an apartment complex for the elderly. The combination leaves her feeling especially vulnerable as her quest for work persists.

    “I have no place to go if things fall through,” she said.

    Ms. Winchell, of Latham, N.Y., was laid off in January — the day after President Obama’s inauguration, she recalls — as an administrative assistant in an information technology department at a health insurance company.

    She had been with the company nine years and had just volunteered to work the previous Saturday, the day a software project that her department had worked on was being tested. But the company decided to restructure to save costs.

    “I was summoned downstairs and told my position was eliminated and told I had to leave right then,” she said.

    She had just begun to dig out from filing for bankruptcy the year before, when she had fallen behind on credit card payments after some unexpectedly large bills.

    In two previous layoffs, she was always able to find temporary jobs until she landed work again. But this time, because of some health issues with allergies and medications she needs, she is focused on finding a full-time job with benefits.

    Now she worries that the subsidy she has been receiving from the government to help pay for her health insurance premiums is about to expire.

    “You just get anxious and fearful,” she said. “Some days, you just don’t feel right because there’s this big cloud of uncertainty.”




    'Slow the Bleeding' by Lowering Sights

    Lee Daves, 54, is coming to the end of his unemployment benefits and is not sure what he will do next.

    “I’m going to find something soon,” he said. “I have to. It may not be what I want. If I have to wash dishes, that’s what I’ll do. Hopefully I can do better than that.”

    Mr. Daves, of Springfield, Mo., was laid off in January from a small glass company where he operated a machine that created bevels on mirrors. He lived fairly frugally, owning a mobile home and paying rent only for the lot.
    But his unemployment benefits still failed to cover his expenses. He was forced to liquidate a meager 401(k) retirement account and believes he has enough savings to last a few more months.

    His old job paid $13 an hour. He has lowered his sights to anything that pays around $9 an hour, which would almost equal his unemployment benefits. But once he exhausts his benefits, he said, he will have to resort to finding something that pays the minimum wage.

    “I have a lot of confidence that I can find something that will at least slow the bleeding,” he said.

    He has had trouble sleeping because of the stress, saying he is “generally in a depressed state.” He gets some health care through the Department of Veterans Affairs, but he has had to neglect things like dental work and figures he will probably need to have some teeth removed when — make that if — he gets a job with benefits again.

    The Unemployed Poll:

    taken money out of savings, retirement fund 60%

    borrowed money from friends and family 53%

    more stressed than usual 69%

    trouble sleeping 55%

    anxiety, depression 48%

    embarrassed or ashamed 46%

    cut back on medical care 54%

    no health care 47%

    http://www.nytimes.com/2009/12/15/us...le.html?ref=us

  • #2
    Re: Updates from the Trenches

    I obseved my customary sensation of anxiety in the stomach when I read posts of this nature you like to start.

    Comment


    • #3
      Re: Updates from the Trenches

      As someone who is generally optimistic about the USA, this is the most depressing thing I've read today...

      Comment


      • #4
        Re: Updates from the Trenches

        This is such a touching story. You know the banksters care deeply between after work martinis and discussing how to screw the tax payer out of a couple of extra trillion dollars. No, I really believe they do. You can tell by reading how they live here...:rolleyes:

        http://www.zerohedge.com/article/coc...d-re-greenwich

        Comment


        • #5
          Re: Updates from the Trenches

          Originally posted by don View Post
          “We grow up with the impression there’s a correlation between effort and the fruits of your labor,” he said.
          This is one of the most corrosive fallacies they never teach you about in school. It is a breeder of resentment in some and total apathy in others.

          Comment


          • #6
            Re: Updates from the Trenches

            I cannot help it, but reading this story kept bringing this passage onto my memory:

            Hosea 4:6 (King James Version)

            6My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee, that thou shalt be no priest to me: seeing thou hast forgotten the law of thy God, I will also forget thy children.
            There is plenty of work out there, the problem is that people have given away the power to issue their currency to a central bank and they need currency to trade.

            Comment


            • #7
              Originally posted by cjppjc View Post
              I obseved my customary sensation of anxiety in the stomach when I read posts of this nature you like to start.
              I'll refrain from talking shop then. The Emergency Department is seeing a lot of desperate people.
              Last edited by Jay; December 16, 2009, 08:47 AM.

              Comment


              • #8
                Re: Updates from the Trenches

                Originally posted by Jay View Post
                I refrain from talking shop then. The Emergency Department is seeing a lot of desperate people.
                If it keeps escalating, I imagine the Emergency Department is going to start seeing a lot of injured officials as well.
                Every interest bearing loan is mathematically impossible to pay back.

                Comment


                • #9
                  Re: Updates from the Trenches

                  Originally posted by Sapiens View Post
                  I cannot help it, but reading this story kept bringing this passage onto my memory:



                  There is plenty of work out there, the problem is that people have given away the power to issue their currency to a central bank and they need currency to trade.
                  Sapiens, too many have given away their power, period. The only way I can end up a pawn for someone else is if I let it be so - I cannot, not believe that. Blindsiding and undeserved circumstances do happen, I'm well aware of that, but the saddest thing I see is when folks have long ago given up on themselves, became a member of the herd, and don't even realize it.

                  In my instance, I have sifted and trialed a good number of prospective employees over the years and the ones I have now - I can NOT live without. Some of them have come to me in the past with news of a better offer and each time I absolutely refused to let them leave. Couldn't afford to let that happen. They may be considered "overpaid" among their peers but that's not my problem.

                  Excuse me for the football pep links below, but my old high school team won the state championship in their respective classification this past weekend. I played on our last team (1981) the last time we won it. (it's Texas, ya know)

                  Classic Al:
                  "...the inches we need are everywhere around us..."
                  http://www.youtube.com/watch?v=WO4tIrjBDkk

                  Billy Bob is not quite as colorful as Al above but this scene is practically verbatim to back in my day:
                  http://www.youtube.com/watch?v=VYN4jnA8fKs

                  Comment


                  • #10
                    Re: Updates from the Trenches

                    Originally posted by ricket View Post
                    If it keeps escalating, I imagine the Emergency Department is going to start seeing a lot of injured officials as well.
                    One can only dream

                    Comment


                    • #11
                      Re: Updates from the Trenches

                      Originally posted by strittmatter
                      Sapiens, too many have given away their power, period. The only way I can end up a pawn for someone else is if I let it be so - I cannot, not believe that. Blindsiding and undeserved circumstances do happen, I'm well aware of that, but the saddest thing I see is when folks have long ago given up on themselves, became a member of the herd, and don't even realize it.
                      [/URL]
                      I agree with you.

                      But let's state the obvious, which is not obvious to the ignorant or "educated" (programmed) individual, product of the state's indoctrination system.

                      1. The State, and its police force is in place to protect the status quo.

                      2. Skill or talent has no substantial effect on your level of political or economic success.

                      3. The large majority of those at the service of the state are nothing more than sanctioned criminals.

                      The fundamental success of those at the service of the state comes from taking advantage of a simple natural process, that is to say, they are able to appropriate the surplus of energy created by the efficiency of the life process. In simple words, the process which enable life forms to get fat, the parasites find a way to appropriate the fat to themselves.

                      It is not until people stop following others blindly and learn to know what is in their own interest that this system will be surpassed.

                      We need more Peers and less sheep.

                      Comment


                      • #12
                        Re: Updates from the Trenches

                        Also from ampedstatus

                        The Critical Unraveling of U.S. Society


                        The Critical Unraveling of U.S. Society


                        By David DeGraw, AmpedStatus Report
                        Report Contents:
                        ———————I: U.S. Societal Breakdown
                        ———————II: Environmental Crisis
                        ———————III: The Obama Myth
                        ———————IV: Economic Coup - Theft of Trillions
                        ———————V: National Emergency


                        The economic elite have launched an attack on the U.S.
                        public and society is unraveling at an increased rate.


                        I: U.S. Societal Breakdown



                        Y
                        ou may have missed it in the mainstream news media, but statistical societal indicators are reading red across the board. Before exposing the root causes of this breakdown, let’s look at some vital statistics and facts:

                        * The inequality of wealth in the United States is soaring to an unprecedented level. The US already had the highest inequality of wealth in the industrialized world prior to the financial crisis. Since the crisis, which has hit the middle class and poor much harder than the top one percent, the gap between the top one percent and the remaining 99% of the US population has grown to a record high.

                        * As the stock market went over the 10,000 mark and just surged to a 13-month high, the three big banks that took taxpayer money and benefit the most from the government bailout have just set a new global economic record by issuing $30 billion in annual bonuses this year, “up 60 percent from last year.” Bloomberg reported: “Goldman Sachs, the most profitable securities firm in Wall Street history, had a record profit in the first nine months of this year and set aside $16.7 billion for compensation expenses.” Goldman Sachs is on pace for the best year in the firm’s history, they are also benefiting by only paying 1% in taxes.

                        * The profits of the economic elite are “now underwritten by taxpayers with $23.7 trillion worth of national wealth.”

                        As the looting is occurring at the top, the US middle class is just beginning to collapse.

                        * Workers between the age of 55 - 60, who have worked for 20 - 29 years, have lost an average of 25 percent off their 401k. During the same time period, the wealth of the 400 richest Americans went up by $30 billion, bringing their total combined wealth to $1.57 trillion.

                        * Home foreclosure filings “hit a record high in the third quarter [of 2009]… They were the worst three months of all time… 937,840 homes received a foreclosure letter” in this three month period. “3.4 million homes are expected to enter foreclosure by year’s end, with some experts estimating that next year will be even worse.”

                        President Obama has enacted a $75 billion taxpayer funded program that has been a spectacular failure in stemming the foreclosure crisis and has proven to be another massive waste of billions of taxpayer dollars.

                        * 25 Million people are unemployed or underemployed.
                        This means we have 25 million people who urgently need to increase their income, and they’re quickly running out of options. The unemployment rate is expected to rise further and remain high for several years. “The president’s chief economic adviser warned that the nation’s unemployment rate could stay ‘unacceptably high’ for years to come.”

                        The NY Times reports: “Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse. Job seekers now outnumber openings six to one, the worst ratio since the government began tracking…” As this ratio continues to grow, it will lead to a further reduction in wages - average worker wages have seen a sharp decline over the past year.

                        Economist Nouriel Roubini, a man who accurately predicted our current crisis, just reported on unemployment stating: “Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening…. So we can expect that job losses will continue until the end of 2010 at the earliest. In other words, if you are unemployed and looking for work and just waiting for the economy to turn the corner, you had better hunker down. All the economic numbers suggest this will take a while. The jobs just are not coming back.”

                        * As the few elite banks thrive, there have been 123 US bank failures thus far this year. Recently, three banks that the government declared “healthy” and gave taxpayer money to have folded. The Wall Street Journal reports: “U.S. regulators have seized or threatened at least 27 banks that got capital infusions from the Troubled Asset Relief Program, including some lenders government officials knew were troubled when they awarded the money. The troubles put taxpayers at risk of losing as much as $5.1 billion invested in the banks since TARP was launched in October 2008.”

                        * As bankruptcies surge across the board, 10 US states are on the verge of bankruptcy, with several ready to declare a financial state of emergency. California, Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin are all “barreling toward economic disaster, raising the likelihood of higher taxes, more government layoffs and deep cuts in services.”

                        This is occurring at a time when the “federal budget deficit for the fiscal year that just ended was $1.4 trillion, nearly a trillion dollars greater than the year before.” In total, “US public debt topped 12 trillion dollars for the first time in history… The public debt topped 10 trillion dollars in September 2008. The debt is quickly approaching the statutory limit of 12.104 trillion dollars, meaning Congress would have to raise the ceiling to prevent a shutdown of government operations.”

                        Economist Dean Baker explains the risk of running such a large deficit: “The debt limit must be increased at regular intervals in order to allow the government to function normally because the government is currently operating at a deficit. If the debt limit is not passed, then at some point the government will not be able to pay workers and contractors. It won’t be able to send out Social Security checks or make payments for Medicaid and unemployment insurance to state governments. And, it will not be able to make interest payments on government bonds, effectively defaulting on the national debt.”

                        Needless to say, all of this will make life drastically more difficult for citizens of the US. As the middle class continues on the path of economic decline, the number of citizens living in poverty has already hit an all time high.

                        * Although the government’s official figure tries to low-ball the number, 47.4 Million US citizens live in poverty, and the US poverty rate is the highest in the industrialized world.

                        Predictably, homelessness is rising at an increased rate as well. “The US government does not tally the numbers but interested organisations say that more than 3 million people were homeless at some point over the past year…. The fastest growing segment of the homeless population is families with children.”

                        Children have been hit especially hard by the economic crisis:

                        * 50% of US children, one out of every two children, will need to use food stamps to eat.

                        One out of every two children in the United States of America will need to use a food stamp… to EAT!

                        If you didn’t think starvation was a serious threat in the US, just read this new Washington Post report: “The nation’s economic crisis has catapulted the number of Americans who lack enough food to the highest level since the government has been keeping track, according to a new federal report, which shows that nearly 50 million people — including almost one child in four — struggled last year to get enough to eat… Several independent advocates and policy experts on hunger said that they had been bracing for the latest report to show deepening shortages, but that they were nevertheless astonished by how much the problem has worsened. ‘This is unthinkable. It’s like we are living in a Third World country,’ said Vicki Escarra, president of Feeding America.”

                        The United States Department of Agriculture released these findings in a study that was completed in December 2008, which means these numbers don’t take into account the millions more unemployed throughout 2009. The numbers of people living in poverty and struggling to eat has seen a significant increase since then.

                        This a national tragedy. But it gets much worse.

                        * In 2008, according to the Census Bureau, the number of US citizens without healthcare grew to a record 46.3 million. “The new figures, however, understate the severity of the economic downturn because a large portion of nation’s job losses and unemployment rate increases occurred after the Census survey data was collected in March as part of the annual Current Population Survey.”

                        * Lack of health Insurance has caused 45,000 preventable U.S. citizen deaths in the past year. The American Journal of Medicine recently released a study that stated “Nearly two out of three bankruptcies stem from medical bills, and even people with health insurance face financial disaster if they experience a serious illness.”

                        A Johns Hopkins Children’s Center study reported that 17,000 children have died due to lack of healthcare. You can also add in a recent report that revealed that 2,266 US Veterans have died in 2008 due to lack of insurance.

                        The 50 million now uninsured and the 45,000 preventable deaths per year statistics are expected to drastically rise over the next few years. As the Senate continues to strip meaningful amendments from a healthcare bill that wouldn’t even take effect until 2013, it has become clear that, despite the media hype, the healthcare bill is going to fall far short of meaningful reform and continue to rig the game in favor of large insurance company profits at the expense of the US population. With the highest cost healthcare in the world, current trends will continue and much needed change is not on the horizon.

                        Never before has the United States had so many citizens with so little means, little to no income and heavy debt. Debt and costs of living have now shackled US citizens just as it has shackled people throughout the world. The economic hit men have now hit the US as well and millions of US citizens are now effectively sentenced to a slow death.

                        Economic Imperial blowback has hit the mainland.

                        And the clock is ticking louder by the day…

                        Here’s another fact for you:

                        * The gun and ammunition manufacturing industry in the United States has over 200 companies producing billions of dollars in annual revenues. This huge manufacturing base cannot fulfill demand quickly enough. The demand for guns and ammunition has hit a record high and the gun industry cannot produce enough bullets to keep up with orders.

                        American’s are arming themselves to the teeth!

                        * In the past year, 100 new armed militia groups have been formed, as militia members have doubled in numbers. Federal authorities are gravely concerned about the “uptick in militia activities.” One federal authority recently said, “All it’s lacking is a spark. I think it’s only a matter of time before you see threats and violence.”

                        So let’s breakdown these numbers.

                        You have a population of 50 million people who are in desperate need of money, they most likely have no health insurance and can’t afford to get healthcare or help of any kind. Part of this population probably also has loved ones who can’t get life sustaining medical treatments, or loved ones that have already died due to lack of costly medical treatment. The clock is ticking loud for these people and they are running out of options fast, and time delayed is time closer to death.

                        While the richest one percent have never had it so good, a significant percentage of the US population now has firsthand experience in this. Millions upon millions of Americans are poor, broke, struggling, starving, desperate… and armed.

                        We are sitting on a powder keg!

                        We are now witnessing the critical unraveling of US society.
                        .
                        .
                        .
                        .
                        .
                        .
                        .
                        .
                        .

                        Comment


                        • #13
                          Re: Updates from the Trenches

                          Fractures in the bedrock.

                          I was at our local ACE Hardware yesterday. It's a longtime family-owned hardware store- very popular and up till now, recession proof. It has a history of beating off all and every corporate competition (HD, Loews, etc) in town. I was told that they've let 4 people go (unheard of), can't raise anyone's salary, and pricing is going up across the entire inventory.

                          Comment


                          • #14
                            Re: Updates from the Trenches

                            Seeing Lee Daves on that couch brought back memories of when I was laid off once. I managed to get through it after a year long effort.

                            Today's situations however must simply be a Horror Show for people like him. :-(

                            Comment

                            Working...
                            X