Tag Archives: great-recession

Single And Strugglin? Study Claims Unemployment Numbers Among Single People Are Higher Than Married People

Study Claims Single People Hit Harder By Unemployment Than Married Couples A recent research study conducted by a Johns Hopkins economist has found that single people have taken a harder hit in regards to the steady rise in unemployment in recent years. According to a paper presented recently at a major macroeconomics conference by Johns Hopkins economist Robert Moffitt, the rising unemployment that characterized the Great Recession actually started much earlier, in the year 2000. Until then, women’s employment in particular had been steadily rising — but after about 2000 it began to level out, and single women’s employment began a marked decline. Between 1999 and 2007, Moffitt writes, married women’s employment fell by about 0.3%, while the figure for single women dropped by 2.9%, or almost ten times as much (unmarried men also lost more jobs than married ones, but the difference was far smaller). Moffitt isn’t sure what caused the drop — he writes that some of the decline in employment among men between 1999 and 2007 can be explained by known factors like changes in non-labor income (from sources like Social Security), but these factors don’t explain the drop among single women at all. He closes his report with a call for further study. Regardless of causes, though, the effects of unemployment on unmarried women can be severe. They’re more likely to live in poverty, and they don’t have a spouse’s health insurance to rely on if they lose theirs. The fact that they’ve been disproportionately hard-hit for over a decade challenges the currently-popular argument that women are on the way to economic dominance. And it suggests that politicians whose focus of late has been trained on wives and mothers should consider the problems faced by women who are neither. Do you think there’s any truth to these research findings? Source Image via Shutterstock

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Single And Strugglin? Study Claims Unemployment Numbers Among Single People Are Higher Than Married People

Cory Booker: Can The Nation’s Most Energetic, Twitter-prolific Mayor Resuscitate New Jersey’s Largest City?

For press events, President Obama has the Rose Garden. Cory Booker has the Oprah machine — and Twitter. On a good day, Booker wins. Though mayor of a rather troubled city, Booker is as talented as Obama at cranking national headlines. Both he and the President are old hands at fielding questions from the national press corps. Both huddle with CEOs. Both have been called leaders of the “Oprah Winfrey wing of the Democratic Party.” But only Booker, the young and indefatigable mayor of Newark, New Jersey, has wielded a shovel to dig constituents out after a snowstorm, tackled a fleeing crime suspect as though he were on an opposing Super Bowl team, or appeared beside Oprah to break news about the charitable whims of a 26-year-old billionaire. And only Booker has been known to pump 15 Tweets per hour for a million followers of his 140-character messages, some of which include Bruce Springsteen lyrics, showing a keen aptitude for attracting fans of the Boss. In fact, Booker succeeds where every past Newark mayor failed. “You could say that he had very tiny shoes to fill,” said James Hughes, dean of the Bloustein School of Planning and Public Policy at Rutgers University. Booker’s predecessors acted more like candidates for prison than for higher office. Five of Newark’s last seven mayors have been indicted on criminal charges, including the last three — Hugh Addonizio, Kenneth Gibson and Sharpe James. “Booker,” Hughes added, “is one of Newark’s greatest resources.” But as talented, and telegenic, as Booker is, the fate of Newark is iffy. The Great Recession has rocked Newark. Poverty rules in its wards, along with piles of rubble and drug-infestation, and the city, now 54% black, is still licking wounds inflicted a generation ago during the race riots of 1967, which persuaded middle class residents to head for the hills. Combating crime was Booker’s first priority, and the city has made significant progress. Booker named a second-generation New York City cop, Garry McCarthy, as Newark police director, a move for which Booker took heat. (Long-time resident Amiri Baraka was so incensed by the appointment of a white police director in a predominantly black city that he reportedly gave the Mayor a book titled “How to Recover from the Addiction to White Supremacy.”) Read More At AtlantaPost.com

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Cory Booker: Can The Nation’s Most Energetic, Twitter-prolific Mayor Resuscitate New Jersey’s Largest City?

Numbers of Potential Treehuggers Decline As US Birth Rates Drop

photo via flickr Chalk it up to eco-awareness, The Great Recession, or increased availability of pregnancy prevention methods but people in the US are having fewer kids. News stats from the National Center for Health Statistics show that for 1,000 people in the US, there are 13.5 births. That’s down from 14.3 in 2007, and around 30 in early part of the 20th century The question is: Is this good green news or just another statistic that amazes for a minute but carries no consequence?… Read the full story on TreeHugger

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Numbers of Potential Treehuggers Decline As US Birth Rates Drop

Open Thread: An Oily Rebuke of Big Government

The Washington Examiner’s Mark Tapscott argues that ” Big Government is dying in the Gulf oil spill .” It’s not just millions of gallons of black gold spilling into the Gulf of Mexico that are being lost. Also disappearing into watery despair are the last shreds of credibility for progressive Big Government. It’s Day 65 of the Deepwater Horizon spill and the only hope of stopping the flow of thick, gooey crude remains the relief well being drilled by the private sector. None of the ass-kicking political speeches by President Obama, bureaucratic edicts by Interior Secretary Ken Salazar or EPA Administrator Lisa Jackson, or hypocritical posturing for the cameras in Congress has plugged the hole to stop the flow of suffocating oil headed to the beaches. We see this week a remarkable confluence of events signaling the eventual end of Big Government: The bureaucrats and politicians can spend trillions but they can’t plug the Gulf oil spill, agree on a budget in Congress or end the Great Recession’s foreclosures and unemployment. Is Tapscott reading too much into the spill, or will the spill be the straw that breaks the big government camel’s back?

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Open Thread: An Oily Rebuke of Big Government

Voluntary Carbon Market Value Slashed in Half by 2009 Recession

photo: Eric Schmuttenmaer via flickr We know that the Great Recession of 2008 & 2009 helped many nations slash their carbon emissions and lower deforestation rates–decidedly good things–but it also slashed in half the value of the voluntary carbon market , a new report by Ecosystem Marketplace shows…. Read the full story on TreeHugger

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Voluntary Carbon Market Value Slashed in Half by 2009 Recession

Bigger bonuses for bankers! Up 17% in 2009

The NY Times is reporting that bankers had a plum year in 2009. While unemployment creeped above 10% and thousands of Americans saw significant reductions in their income, the big banks on Wall Street who helped kick off our exciting Great Recession paid out $20.3 billion in bonuses. A 17% increase over the previous year. Well that's exciting news for bankers (and for the state of New York, which has come to depend heavily on the taxes raised from Wall Street's bonuses). But what does it mean for the rest of us? Source: http://www.nytimes.com/2010/02/24/business/24bonus.html?ref=todayspaper added by: afitzgerald