Newspaper logo  
 
 
Local Stories, Events

Ref. : Civic Events

Ref. : Arts & Education Events

Ref. : Public Service Notices

Books, Films, Arts & Education
Letters

Ref. : Letters to the editor

Health Care & Environment

02.20 Young climate strikers can win their fight. We must all help

02.20 Voyage to the Garbage Patch: the female sailors taking on plastic

02.19 Bees brought Bavarians together. And they have a lesson for us all

02.19 Florida is drowning. Condos are still being built. Can't humans see the writing on the wall? [Fear that Trump & Fox News incite makes us avoid unpleasant information we need to know]

02.18 Tesla big battery is holding its own in a burgeoning energy storage market

02.18 Trump administration condemned over delaying action on toxic drinking water

02.16 New experimental drug rapidly repairs age-related memory loss and improves mood

02.16 Toxic black snow covers Siberian coalmining region [0:49 video; If its killing us, stop doing it]

02.16 Renewable energy will be world's main power source by 2040, says BP [But in America's capitalistic bubble, bribed-to-be-biased media and government defy reality]

02.16 My generation trashed the planet. So I salute the children striking back

02.16 US coastal businesses hit by everyday impact of climate change, study shows

02.16 What the pesticides in our urine tell us about organic food [What does inaction tell us about capitalism and our government?]

02.14 Exposure to Glyphosate-Based Herbicides and Risk for Non-Hodgkin Lymphoma: A Meta-Analysis and Supporting Evidence [If its killing us, make it illegal]

02.14 To avoid environmental catastrophe, everything must change [Consider why this headline is laughable or confusing to many, if not most, Americans...]02.13 Study Shows Toxic Pesticide Levels in Families Dropped by 60% After One-Week Organic Diet [2:10 video; Produce and canned vegetables laced with toxic chemicals—from fertilizers and herbicides, too—must be quickly phased out to use safe organic alternatives]

02.12 Biggest offshore windfarm to start UK supply this week

02.12 Scientists Are Totally Rethinking Animal Cognition

02.12 Politicians are complicit in the killing of our insects – we will be next

News Media Matters

Daily: FAIR Blog
The Daily Howler

US Politics, Policy & 'Culture'

02.21 Bezos Says Amazon Drones Ready to Deliver Mueller Report to Every American Household

02.21 Devin Nunes Was Trump’s Mole Inside the Gang of Eight

02.21 Alec Baldwin fears for family's safety after Trump 'retribution' threats [0:40 video]

02.20 Intimidation, Pressure and Humiliation: Inside Trump’s Two-Year War on the Investigations Encircling Him

02.20 ‘Sustained and ongoing’ disinformation assault targets Dem presidential candidates [If you can sense them, block them!]

02.20 The 2020 U.S. Presidential Race: A Cheat Sheet

02.20 Why Bernie Sanders' radicalism can take out Trump

02.20 Why vote for Sanders when you can have Elizabeth Warren instead?

02.19 Democratic party elites silence Ilhan Omar at their peril [2:01 video]

02.19 The Political Revolution Is Back: Bernie Sanders Announces 2020 Run for President

Justice Matters

02.19 California Leads 16 States Suing to Block Trump Border Plan

02.19 Fighting pollution: Toledo residents want personhood status for Lake Erie [Hurrah!]

High Crimes?

02.20 Despite the slaughter in Yemen, Britain is still chasing arms sales [and the Great-Again-America is too...Capitalism without morality is horrible]

02.16 Elliott Abrams Defends War Crimes As Happening Back In The ’80s When Everyone Was Doing It

Economics & Corrupting-Capitalism

02.21 Historian who confronted Davos billionaires leaks Tucker Carlson rant

02.20 A Centuries-Old Idea Could Revolutionize Climate Policy

International & Futurism

02.21 John Oliver Compares Brexit ‘Disaster’ to Will Smith’s Genie in Live-Action ‘Aladdin’ (Video) [21:26 video; we’re approaching an Idiocracy-type of society, where stupidity is “normal”]

02.20 House report lays bare White House feud over Saudi nuclear push [Its hard to keep up with all the criminal crap going on...]

02.20 My grandfather was a Nazi. I’ve seen why we need the EU

02.19 Centrism isn’t the solution to the mess we’re in

02.19 Renewables need urgent investment to ease Australia's transmission bottlenecks, experts warn

02.18 Hate-Fest in Warsaw

02.18 They Used To Hold Hands Through the Wall. Now, There’s Razor Wire.

We are a non-profit Internet-only newspaper publication founded in 1973. Your donation is essential to our survival.

You can also mail a check to:
Baltimore News Network, Inc.
P.O. Box 42581
Baltimore, MD 21284-2581
Google
This site Web
  Thinking About Recovery In The New Year
Newspaper logo

ECONOMIC ANALYSIS:

Thinking About Recovery In The New Year

by Fred Cederholm

A turn-around isn’t going to happen until we see a resurgence of domestic jobs that pay a living wage and offer a full smorgasbord of benefits.

I’ve been thinking about Advent. Actually I’ve been thinking about beginnings, the US economy, Black Friday, Computer Monday, sales, jobs, Afghanistan, health care, hope and expectations. At my home church of St. Johns Lutheran in Creston, we just celebrated the first Sunday in Advent. The first of four holiday candles was lit, and the church year officially began.

As I listened to Pastor Larson’s sermon I couldn’t help but think about a much wider meaning to the holiday season this year. Advent means “coming” (as in second coming) and beginnings. Personally I look forward to 2010 as a year of beginning life with a newly constructed heart. The MRSA infection took me off my feet for a full two months. My body atrophied. I am reprogramming my body to do all the things I had taken for granted, and progress is measured month by month and week by week—NOT in terms of day by day. I’ll get there, but it is going to take awhile.

I wish I could tell you that the US and world economies would be fully recovered in 6 to 9 months. That just isn’t going to happen despite all the smiles and spin we are hearing from our political leaders in Washington D.C. and from Statehouses across America. Our systems are broken (or are breaking down) before our eyes, and the quick fixes of historical “solutions” to past recessions and depressions just aren’t going to cut it this time. In the past we have spent our way to recovery. People then had jobs, or got jobs, that paid a living wage; debt levels were considerable lower; and stimulating the economy was a matter of getting the people out to spend and to consume. This time it is different.

We are now “nose deep” in a “get out there and spend” campaign for Christmas 2009. Last Friday began the make-or-break holiday shopping frenzy. One fifth of a year's sales are made between that Friday and New Year's Day. The figures from Friday are only now coming in—meaning the business community did not get what it desired in terms of shoppers, or spending. This could be terminal for many local shops after the first of next year. Not to worry... the wunderkinds of advertising and marketing have conjured up a new day for redemption if Black Friday didn’t generate the necessary sales. This is “Computer Monday,” which this year falls on November 30th. On this latest addition to the holiday shopping season, gaggles of shoppers stay home and huddle around the family computer(s) to make the “all-salvation” purchases. I will be on-line most of the day, but to research—not to shop. Besides... I like to visit stores. I may use a credit card, but I pay off the balance in full every month.

A turn-around isn’t going to happen until we see a resurgence of domestic jobs that pay a living wage and offer a full smorgasbord of benefits. Every item I‘ve seen (or picked up) was made elsewhere. Such purchases may help China, Mexico, Honduras, Belize, or Korea; but they will do squat in helping the American worker. We have been losing a net 250,000 full time jobs a month since early in the summer of 2008. I predict that such losses will continue for at least 18 more months before we start to see the beginnings of any turnaround. Unless US households are earning decent money, Uncle $ugar cannot expect shoppers to execute a spending recovery. (The next jobs report is due out this coming Friday. The figures should prove quite interesting.)

Any good news we've seen on the jobs front has come from our expanded warfare or the healthcare industry. Many high school graduates have joined the military because they just can’t find a local job, or can’t afford to go to college. Tuesday night we will get the Obama decision on Afghanistan. Expect him to authorize an additional 30,000 to the land of poppies and heroin. This will bring our troops there to just over 100,000 young service men and women. Each will cost US/us a reported ONE MILLION DOLLARS per year. The costs of related support contracts in the private sector are astronomical and will make up a significant chunk of our GDP in 2009 and 2010. I mean, Uncle $ugar is paying an estimated $600 a gallon for fuel there. War may be good for select segments of our economy, but it is killing US/us with a burden of debt which defies all logic and will never be repaid!

Pastor Larson talked of Advent as a time of hope and expectations. I hope and expect to regain my faculties and use thereof in 2010. I wish and pray for the same for the US and world economies. Most especially, I wish us all Peace.

I’m Fred Cederholm and I’ve been thinking. You should be thinking, too.


Copyright 2009 Questions, Inc. All rights reserved. Fred Cederholm is a CPA/CFE, a forensic accountant, and writer. He is a graduate of the University of Illinois (B.A., M.A. and M.A.S.). He can be reached at asklet@rochelle.net.




Copyright © 2009 The Baltimore News Network. All rights reserved.

Republication or redistribution of Baltimore Chronicle content is expressly prohibited without their prior written consent.

Baltimore News Network, Inc., sponsor of this web site, is a nonprofit organization and does not make political endorsements. The opinions expressed in stories posted on this web site are the authors' own.

This story was published on November 30, 2009.

 

Public Service Ads: