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Jobs Are Being Sent To China And They Aren't Coming Back

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Did you see the huge crowds of protesters that flooded the Michigan Capitol on Tuesday? They were there to protest two bills there were being considered by the state legislature that would limit the power of unions in the state. Michigan lawmakers approved the bills and this absolutely infuriated the protesters. There is a lot of passion on both sides of this debate, but I am afraid that both sides... 

Eurozone jobless rate at record high of 11.7% amid debt crisis

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Workers marching in downtown Naples, in southeast Italy, during a protest to demand new job opportunities. Official data show that the unemployment rate in the eurozone hit a new record high of 11.7 percent in October as the 17-nation bloc continues to grapple with a worsening financial crisis. The Eurostat data agency said on Friday that a total of 18.7 million people were out of work in October,... 

Major US chipmaker to slash 1,700 of its workforce

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Major US electronics corporation Texas Instruments Inc. (TI) plans to eliminate 1,700 jobs. Major US electronics corporation Texas Instruments Inc. (TI) has announced plans to slash its global workforce by 1,700 people as a ‘cost-cutting’ measure. The move, announced Wednesday by the Dallas-based chipmaker, is part of the TI’s plan to discontinue its mobile business, according to the company’s... 

EU jobless rate to peak at about 12% in 2013

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Reuters polls show that the global economy is expected to improve only slightly in 2013. New projections on unemployment in eurozone show that the jobless rate among member countries will hit a new peak at about 12 percent next year. The European Union’s autumn forecast on Wednesday said that unemployment would hit a new peak at 11.8 percent among the 17-nation EU in 2013 and go down slightly to... 

Italy economy expected to contract in 2012, 2013

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A man looking for job opportunities on newspapers in a shop in Naples, Italy. Newly-released figures show that Italy’s economy will shrink further in 2012 and 2013 as the country’s recession continues to take its toll. Italy’s National Institute for Statistics (Istat) said on Monday that gross domestic product (GDP) is expected to fall by 2.3 percent due to a decrease in domestic demand. According... 

Spain jobless rate exceeds 25 percent in 3rd quarter

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People wait in line at a government employment office in the center of Madrid on September 4, 2012. Official data show that Spanish unemployment rate has exceeded 25 percent in the third quarter of 2012 as the country continues to grapple with economic woes. New figures released by Spain’s National Statistics Institute on Friday showed that the country’s unemployment rate climbed to 25.02 percent... 

Mass Death Fears Rock US Underground

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It is imperative for us to report that some of the most dire reports to date we’ve received in the past decade from the American Underground Movement (AUM) involve a new US law that mandates that the Federal Emergency Management Agency (FEMA) begin new a system of “mass fatality planning” as the “wheels,” so to speak, continue to fall off the present global economic system. Making these... 

France public debt exceeds 90% of GDP

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The public sector debt in France soared to over 90 percent of the GDP in the second quarter of 2012. New figures show that France’s public sector debt soared to over 90 percent of the crisis-hit country’s gross domestic product (GDP) in the second quarter of 2012. According to official figures released by France’s National Statistics Institute (INSEE) on Friday, the debt has increased by 43.2... 

Bank of America plans to cut 16,000 jobs by end of 2012

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Major US financial services corporation Bank of America plans to slash 16,000 jobs by the end of the year as part of an extensive cost-cutting measure to make the institution more profitable. Following the planned reduction in the Bank’s workforce, the multinational US company would no longer hold its current title as the American banking industry’s largest employer, the Wall Street Journal reported... 

HP Expands Job Cuts To 29,000

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Hewlett-Packard (HP) is planning to cut 2,000 more jobs, expanding total job cuts to nearly 29,000 in its latest reorganization efforts, the company said in a document Monday. In a regular filing with the U.S. Securities and Exchange Commission, the world’s largest personal computer maker said it expects to “eliminate approximately 29,000 positions in connection with the 2012 Plan through... 

Number of French job seekers rises, hits monthly record of 2.99 million

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Job seekers wait in line at a French job center in Paris The number of registered job applicants in France has hit the sharpest monthly rise in three years and rose to 2.99 million people in July as the country’s unemployment line continues to increase. The French labor ministry announced on Monday that the number of registered job seekers rose by 41,300 people from the previous month of June, AFP... 

Greek jobless rate record high in May

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Jobless Greeks line up outside an unemployment bureau in Athens Unemployment rate in crisis-struck Greece hit an all-time high of 23.1 percent in May as the country struggles through a fifth year in recession, says the national statistics agency. New data, released by Elstat on Thursday, showed that 1.15 million people were out of work in Greece, compared with 3.82 million, who had jobs. The jobless... 

Eurozone’s unemployment at record high amid debt crisis

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People look for job offers outside a local employment office in Ahens on May 22, 2012. The number of people unemployed across the 17 countries that share the euro currency has hit a record high in June, official figures show. New data released by the Eurostat, the EU’s statistics office on Tuesday shows that 17.801 million people were out of work in the eurozone in June. The new figure is 123,000... 

UN migration chief wants EU to 'undermine national homogeneity'

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Peter Sutherland’s global migration forum brings together 160 nations to discuss policy Anyone who doubts that there is a deliberate plan to destroy Europe should carefully read this BBC news story, which reports: “The EU should do its best to undermine the homogeneity of its member states, the UN’s special representative for migration has said. Peter Sutherland told peers the future prosperity... 

US poverty to jump highest since 1960s

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Poverty is spreading at record levels across many groups in the United States, from underemployed workers and suburban families to the poorest poor. Poverty in the United States is projected to climb to the highest level in nearly half a century as the recession threw millions of people out of work last year. According to a survey conducted by The Associated Press, US poverty could reach a 46-year... 
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