POLITICS - 651,000 U.S. jobs were lost in February, bringing the total number of unemployed Americans to "an astounding 4.4 million" the number lost in the current recession, bringing the American unemployment rate to 8.1%, the highest since late 1983.
Calling the latest job losses astounding, United States President Barack Obama promised today to get Americans back to work and put an end to the American recession.
As part of Obama's action plan, the U.S. Labor Department said it was making more than $3.5 billion available to states for education, training and re-employment services. Today Obama spoke at the graduation ceremony for 25 police recruits who owe their jobs to the $787 billion USD economic recovery bill he signed into law less than three weeks ago.
Obama's stimulus package will save or create 3.5 million jobs within the next two years.
Meanwhile in China...
STRONG GROWTH IN CHINA, NO RECESSSION
Premier Wen Jiabao put the Chinese people on notice yesterday: Get ready for the rockiest year of the new century. 2009 will be "the most difficult year for China's economic development since the beginning of the 21st century," said Wen Jiabao at the opening of the annual National People's Congress. Wen said he believes China's economy will continue to grow, at approx. 8% for 2009.
Wen said yesterday the Chinese government is "fully confident" that its stimulus package of about $730 billion announced last November will help China overcome all difficulties.
Investors overseas were hoping for another stimulus package, but this is wholly unnecessary as China's economy is geared for growth right now and is in no danger of a recession.
China's market contractions have already thrown more than 20 million people out of work and economists worry that the total number of unemployed – not including the farming sector – could hit 50 million people by the end of 2009.
China is still very much a developing country in parts. More than 48 million Chinese gained access to clean drinking water last year for the first time in their lives; billions of yuan were allocated to providing heat to schools in the north; and daily sewage treatment capacity increased by more than 11 million tonnes.
American, Canadian, Toronto & International News Commentary: Spreading Freedom in the Face of Tyranny
March 6, 2009
United States unemployment at 25-year high
Labels:
Asian News,
Barack Obama News,
Chinese News,
Economic News,
USA News
Subscribe to:
Post Comments (Atom)
Affordable Website Design & SEO
|
Featured Posts
The Sarcasm Symbol
Ever had some confusion online or with your cellphone when someone fails to catch the sarcasm? Well now with the SarcMark you can ge... |
|
Behold, the Scorpion Hydrogen Supercar
CARS - To the right is the future of supercars... it is a hydrogen supercar called the Scorpion. The Scorpion from Ronn Motors in Texas is t... |
|
Documents show Stephen Harper misusing public funds
CANADA - According to 950+ pages of documents obtained by the Canadian Press under the Access to Information Act the Privy Coun... |
|
Pink's Rosie the Riveter
ENTERTAINMENT - What I like about this video is how it meshes different social movements like feminism, veganism, anti-capitalism... |
|
California's Dustbowl
ENVIRONMENT - The photo on the right is a farm in California that has been put up for sale. Its just one of thousands of farms that are n... |
|
Is Steampunk the New Goth???
GOTHIC - Watch out what you see on the subway late at night because while in 2001 you might have seen some pretty freakish goths, by 20... |
|
Do you have enough Ice Water in your diet?
HEALTH - A Calorie (large C) is a measurement of the amount of energy needed to raise the temperature of a litre of water (1 kg's worth) ... |
|
North Korean timeline towards Inevitable War
POLITICS - The following is timeline of events that have occurred on the Korean Peninsula. 1945 - Japan surrenders to the United States a... |
|
Judgment Day is Tomorrow, so sayeth Cult
RELIGION - According to a cult based in California, Judgement Day is tomorrow (May 21st 2011) and Jesus Christ will return to the Earth a... |
|
Sex in Space Forbidden
SEX/TECHNOLOGY - Sex in outer space is a big no-no according to NASA. Not for professional astronauts at least, but the growing numb... |
Popular Posts / Last 30 Days
-
Visit amazon.com/author/moffat to get free short stories and huge discounts on fantasy books by Charles Moffat. Sale ends on October 20th.
-
When was the last time you read a poetry book? If you enjoy poetry by Canadian poets do check out Gail M. Murray 's book: Reflections &a...
-
Note About Images: In this post are 7 examples of North Korean propaganda posters, as well as two images of women in the North Korean army. ...
-
CANADA - Seriously... who was going to vote for a bald guy named Rocco Rossi??? According to polls 4% of Torontonians were thinking of voti...
-
POLITICS - CIA interrogators used waterboarding, the near-drowning torture technique that top Obama administration officials have describe...
-
Peasant Magazine is seeking submissions for Issue #2. Specifically it is looking for fantasy, historical fantasy, historical fiction an...
-
Talk to anyone who is in the business of selling archery equipment and they will tell you that archery equipment sales are through the roof....
-
CANADA - An increasing number of Canadian soldiers may be using, dealing and becoming addicted to drugs, say reports from Canadian Forces of...
-
HEALTH - Some of you may have heard about the health benefits of being vegetarian or vegan. And there is a tonne of health benefits (and ...
-
By Ai Lung Nguyen - February 2011. TECHNOLOGY - It really boils down to a battle for market share... Facebook and Google have been conduct...
No comments:
Post a Comment
Comments containing links will be marked as spam and not approved. We moderate every comment. If you want to advertise on this blog it is $30 per link.