Kim Jong Il, Detroit, Morocco
Scary Arab Clown update of the news, quick and dirty for ya…
First of all, congratulations to Kim Jong Il for winning an election that no one could predict:
Now, it has been pointed out that 10% unemployment is considered pretty good here in Morocco, we think that pretty soon, it will also be considered pretty good in the USA (Thanks Bambs!)
With “no end in sight” for U.S. job losses amid a recession that could stretch into 2010, American workers will soon have to contend with another blow to their confidence: stagnant, or even falling wages.
Job seekers — already coping with the highest unemployment rate in a quarter century, their savings mugged by a plunging stock market — can also expect lower pay once they land a new job, labor market experts say, because the current downturn shows no signs of turning around anytime soon.
Lower wages, in turn, could further erode the outlook for the U.S. economy by hurting consumers’ spending power.
The unemployment rate leaped to 8.1 percent last month from 7.6 percent in January, the highest number in 26 years
And for those of you who think a graduate degree might be the answer, the news is even more grim as reported by the New York Times. Link
How bad can it get? We notice that Vago and others have been warning about just how bad it will get for quite some time, but if you prefer to listen to the optimists have a look here link and then read about the improving conditions in Detroit. Link
For decades, scribes from America’s coasts and beyond have been parachuting into Detroit to marvel at its horrors. The city never fails to deliver colourful copy: the urban decay, the $1 houses that still go unsold, the tragicomic city politics. Jerry Herron, a writer and scholar at Detroit’s Wayne State University, likens journalists’ morbid delight at Detroit to that of Victorian travellers reaching Pompeii. “City of the dead, city of the dead,” Thackeray wrote. The words might as well apply here.
We might point out that here in Morocco, things are improving, even if it looks like complete chaos to a wanna-be evel arab clown like Vago.
Led by Morocco and Tunisia, the region of 84 million people is attracting serious investment—more than $30 billion over the past five years—to build everything from auto and aerospace factories to five-star resorts and call centers for multinationals.
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