GLOBALIZE THIS!
Friday, July 02, 2004
  WHOA

It's things like this



that make everything else seem like piddling crap.
  7/02/2004 11:51:06 AM
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  JOBS DOWN THE MEMORY HOLE

The US economy, excluding farmers and fighters, added an anemic 112,000 jobs in June--short of the 150-200,000 needed just to keep pace with population growth, and well short of a pace that would entice back into the labor force the 2.4 million some people who have in frustration given up looking for work.

Particularly troubling, manufacturing employment fell after posting gains in the previous four months which reversed four years of hemorrhaging manufacturing jobs.

To go on public record and to highlight what might otherwise be swept under the carpet by the business press, tepid job growth in June is not the only worrisome point in today's employment situation release. The Department of Labor also revised downward job growth in the previous two months, setting total employment back by another 35,000 jobs--not a heck of a lot, but not as strong as was thought. Still, the 112,000 jobs figure marks growth from a smaller base.

Now that Fed Chairman Alan "Captain Ahab" Greenspan has reached his limit of expansionary monetary policy and fanatically chasing his white whale (i.e. inflation), and considering that Bush already blew his wad as far as expansionary fiscal policy is concerned, it looks like the labor market is in for some dark days ahead.
  7/02/2004 11:06:27 AM
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Thursday, July 01, 2004
  CONSERVATIVES EXPOSE THEMSELVES TO NY "ELITES"

Uncle Brucie takes a break from the paragon of journalistic integrity known as the Washington Times, to moonlight in this morning's New York Times:

After the Republicans won control of Congress in 1994, we all dreamed of the paradise that would be ours if we could just get a Republican in the White House. We could fix the budget and the tax system, rein in the bureaucracy, neuter the trade unions and trial lawyers, and do all those other things that could never be done because Democrats were always blocking the way.

Four and a half out of five ain't bad. No one can deny they have acheived a lot in four years.
  7/01/2004 09:50:21 AM
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Wednesday, June 30, 2004
  TIME TO PANIC?

New data released by the BEA this morning show that US international indebtedness is creeping ever closer to crisis levels. Aye carumba!
  6/30/2004 04:22:56 PM
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Tuesday, June 29, 2004
  WHO'S AFRAID OF A MILITARY JUNTA?

Not these multinational corporations. They love Myanmar. Really, really poor workers combined with militant labor suppression make for a winning combination, at least as far as these MNCs are concerned. (Not to mention the Republican Party, which sees no problem in outsourcing its campaign paraphanalia to a country described by the US State Department as: "an authoritarian military regime [that] suppresses all expression of opposition to its rule."

The FT notes that last year three people were convicted of high treason for passing evidence of forced labor to the International Labor Organization.

Perusing the list of companies above is interesting in that Global Unions sent letters to each of the companies informing them that their names made the list of companies supporting the junta in Myanmar. Global Unions was open in posting their correspondences as well as the companies responses. Check it out.
  6/29/2004 10:44:42 AM
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Monday, June 28, 2004
  CONGRATULATIONS, IT'S A COUNTRY!



Mahdi Mahmoud accepting the keys to his brand new "sovereign" nation-state--2004 model year--from pre-owned sales manager Paul Bremer. For the sake of all its citizens, let's hope Iraq has a lemon law on the books.
  6/28/2004 10:44:51 AM
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