The Truth Plain An Simple– St John 5:28-29, Romans 2:6-10
News From A Biblical Perspective -Ordained, Predestined, Called And Justified, By God, Not By Man! – Jeremiah 1:15, Romans 8:29-31, Ephesians 1:5, Ephesians 1:11
Share

Share

Tags: ,
Share

Nearly half of young black men in Chicago are neither in school nor working, a staggering statistic in a bleak new youth unemployment report that shows Chicago to be far worse off than its big-city peers.

To 24-year-old Johnathan Allen, that’s no surprise.

 

“It’s right there in your face, you don’t need statistics,” Allen said as he testified before a room full of lawmakers and public officials Monday at an annual hearing about youth unemployment, where the report was presented. He encouraged everyone to walk down the street and witness how joblessness devastates communities.

“Speaking about it every year ain’t doing it,” he said.

Forty-seven percent of 20- to 24-year-old black men in Chicago, and 44 percent in Illinois, were out of school and out of work in 2014, compared with 20 percent of Hispanic men and 10 percent of white men in the same age group, according to the report from the University of Illinois at Chicago’s Great Cities Institute.

 

The numbers for black men are far worse in Chicago and Illinois than elsewhere in the country. In Los Angeles and New York City, 31 percent of black 20- to 24-year-old men were out of school and out of work, in line with the national average of 32 percent.

While declines in youth employment across all races have raised concerns for a number of years, the new report puts into stark focus the connection between unemployment and Chicago’s racially segregated neighborhoods that also are home to high rates of poverty and crime.

 

The report shows the highest concentration of youth unemployment is in neighborhoods on the city’s South and West sides, especially Fuller Park, Englewood, East Garfield Park and North Lawndale, each of which is more than 90 percent black. The lowest concentration is in mostly white neighborhoods on the North and Northwest sides.

 

“Conditions of joblessness are chronic, concentrated and comparatively worse than elsewhere in the country,” said Teresa Cordova, director of the Great Cities Institute. She called the prevalence of jobless among black males “definitely at crisis proportions.”

 

The report, commissioned by the Alternative Schools Network and based on census data, was presented Monday at the fifth annual hearing on youth unemployment, hosted by the Chicago Urban League at its headquarters in Bronzeville.

A parade of teens and young people from some of the city’s poorest neighborhoods described tough lives that were turned around by a job opportunity. The hearing comes as politicians debate school funding and a continued state budget impasse threatens funding to nonprofits that offer employment programs, some of which have had to be suspended.

 

Allen, who lives in Back of the Yards, said he got in trouble for drug dealing and gang banging — the “same old, same old,” “everybody’s story,” he said — and was on house arrest and on parole when he connected with the Chicago Area Project, a nonprofit that works to prevent juvenile delinquency in disadvantaged communities. The group steered him toward a job in a youth mentorship program at the community group Fellowship Connection in Humboldt Park, where he helped with a documentary project and got his hands on a video camera for the first time.

 

Allen now works as an audiovisual technician for an equipment rental service. He hopes to train to be a security guard.

“I see people in my community who want to do better for themselves, but the only way they can do something better is that they have to make something happen,” he said, referring to illegal activities. “I’m a product of how good a job can be.”

 

That jobs give youths something productive to do with their time, as well as providing needed income, is not a revelation, but a study two years ago showed the measurable effect jobs have on curbing criminal behavior.

 

Working with the One Summer Chicago Plus jobs program, the University of Chicago Crime Lab found a 43 percent reduction in violent crime arrests for youths who secured eight-week-long part-time summer jobs with the program, compared with a control group of kids who didn’t, and the positive effect lasted 18 months after the program ended, said Kelly Hallberg, scientific director at the Crime Lab.

 

David Elam, 25, who testified alongside Allen at the hearing, credited a summer job with redirecting him when he was headed downhill — entrenched in a gang, selling drugs and expecting a child — as it taught him about having a work ethic, managing time and money, and getting up early for work.

 

“Young people can’t be what they can’t see,” said Elam, a youth organizer with a group called Fathers Who Care.

Counting men and women together, 41 percent of black 20- to 24-year-olds were out of work and out of school in Chicago in 2014, compared with 18.7 percent of Hispanics and 6.7 percent of whites in the same age group.

 

The racial divisions are also reflected among teenagers. Among 16- to 19-year-olds in Chicago, 14.3 percent of blacks are neither working nor in school, with boys much more affected than girls, compared with 6.8 percent of Latinos and 6 percent of whites.

 

Overall, 18 percent of 16- to 24-year-olds in Chicago are out of school and out of work, compared with 13.7 percent nationally, 16.4 percent in New York and 13.1 percent in Los Angeles.

 

Including people who are in school but don’t work, the joblessness rate is 57 percent in Chicago, compared with 51 percent nationally. More than 80 percent of 16- to 19-year-olds in Chicago are not working — a problem in poor communities where students are trying to support themselves or their families while they finish their studies.

 

Deshawn Muldrow, 17, who lives in North Lawndale and is a senior at CCA Academy, a charter school in his neighborhood, said he has been struggling to find a job to raise money for college and help support his family. His mother is unwell and can’t work, he said, so his grandmother works at a senior citizens home to support the three of them.

 

Muldrow, who wants to study math or statistics in college, said he has applied to jobs in retail shops, grocery stores and fast-food restaurants and, though he has gotten a few interviews, hasn’t landed an offer. His testimony seemed to stir something in Cook County Commissioner Robert Steele, one of about two dozen legislators in attendance, who called him over and gave him his business card, urging him to call for a possible job opportunity.

 

In the hallway afterward, Audrey Haywood, a history teacher at CCA Academy, gave Muldrow a big hug.

“I’m hopeful,” she said.

 

While the situation of young black men in Chicago is particularly striking, it is not the only group facing challenges. Teen Latinas experienced a 44 percent drop in employment from 2005 to 2014, the steepest drop among the groups measured.

 

Declines in teen employment over the last decade have raised alarms because young people aren’t getting early experience that helps them secure better jobs and higher wages down the road.

 

Related Information

How To Distinguish The Wrath Of God, From The Wrath Of Satan.

 

Epic Texas Flooding, A Blessing And A Curse?

Share

Tags:
Share

 

Related Information

How To Distinguish The Wrath Of God, From The Wrath Of Satan.

 

Epic Texas Flooding, A Blessing And A Curse?

Share

Tags:
Share

 

Related Information

How To Distinguish The Wrath Of God, From The Wrath Of Satan.

 

Epic Texas Flooding, A Blessing And A Curse?

Share

Tags:
Share

Recession Indicators Flashing Red

 

© Jeff Kowalsky/Bloomberg News

 

Every U.S. recession since World War II has been foretold by sharp declines in industrial production, corporate profits and the stock market.

Those ill omens have aligned again.

Does this portend an economy tilting into recession? Or can the declines in profits and production be explained by the collapse in oil prices, and the plunge in stocks be explained by investors’ overreacting to those dynamics?

 

The dark clouds first.

Industrial production has declined in 10 of the past 12 months, and is now off nearly 2% from its peak in December 2014. Corporate profits peaked around the summer of 2014 and were off by nearly 5% as of the third quarter of last year, according to the Commerce Department. Stocks have fallen viciously so far this year, with the Dow Jones Industrial Average down 7.6%, despite a rally late last week.

 

Recommended for you:How To Stock Market – Free Workshop – Locations Near You.
Tradingacademy.com/Stocks | Sponsored
“The economy is like a car with a six-cylinder engine and more and more cylinders are breaking,” said Joseph LaVorgna, chief U.S. economist for Deutsche Bank in New York.

One reason worries for the U.S. are elevated is that so much of the world is beset with low or declining growth. Last week, the International Monetary Fund forecast the eurozone would grow just 1.7% and Japan 1% in 2016.

 

Growth in the world’s second-largest economy, China, is expected to slow further this year, amid doubts over Beijing’s ability to make the Chinese economy more reliant on domestic consumption and less dependent on debt-fueled infrastructure projects. Russia and Brazil are forecast to contract, the IMF said.

“It is going to be a year of great challenges,” IMF chief economist Maurice Obstfeld said. “Unless the key transitions in the world economy are successfully navigated, global growth could be derailed.”

Of the warning signs, the decline in U.S. industrial production has one of the best track records. The output from mines, factories and utilities has always begun to decline before recession strikes.

 

“Manufacturing tends to lead the economic cycle and it tends to be an indicator of the swings,” said Thomas Costerg, senior economist at Standard Chartered. “Manufacturing is struggling.”

A strong U.S. dollar and weak economies internationally are taking a toll. But unlike past declines in industrial production, today’s decline has been driven primarily by the collapse in the oil industry. The output from U.S. factories has been little changed over recent months. But mining output has fallen over 10%, driven by a 62% decline in oil- and gas-well drilling.

 

Corporate profits, too, have been weighed down by the energy industry. An analysis from Goldman Sachs Global Investment Research found that profit margins among the companies in the S&P 500 stock index—if energy companies are excluded—have been little changed over the past year. It is only by including major laggards like Exxon Mobil Corp., Chevron Corp. and Valero Energy Corp. that U.S. corporate profit margins shrink.

 

If it were just oil companies in decline, the worries would be easier to dismiss, but the falling stock market could unnerve many consumers who hadn’t previously been alarmed. In a recession, falling confidence—which hasn’t shown up so far—typically leads households to pull back on purchases, causing a more widespread decline in company profits and layoffs.

 

Industrial production, corporate profits and stocks have sounded false warnings before. Industrial production, for instance, declined about as much as today in the mid-1960s and mid-1980s, and those weren’t immediately followed by recessions. And multiple bear markets have come without an economic downturn.

 

On the bright side, the U.S. job market is perhaps the best recession indicator of all, and it isn’t flashing trouble.

In the past 50 years, every recession has seen the number of jobs in the economy decline by at least 1%. And jobs have never declined by that much outside of a recession.

Today, the number of jobs in the U.S. has been growing briskly—up 292,000 in December and up 2.7 million over the past year. This is why many economists remain confident the U.S. can avoid recession.

 

“I just don’t buy for a second the idea that U.S. households are so terrified by what’s happening that they’re going to behave like Germans and wean themselves off buying stuff,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics, referencing the high-saving and low-consumption German economy.

 

Many households have spent the past seven years bracing for tough economic times, paying down debts (or reducing them through foreclosures), and stepping up their saving rates.

“Financially speaking, consumers are collectively in the best shape they’ve been in a decade or more,” said Amy Crews Cutts, chief economist for the credit-reporting firm Equifax.

 

The ultimate call on whether the U.S. has entered a recession would be made by a group of economists known as the business cycle dating committee at the National Bureau of Economic Research.

The committee studies gross domestic product and income, employment, inflation-adjusted retail sales and industrial production, to determine the timing of when precisely economic activity began to shrink. In the past, they have waited until the turning points are clear and the data has been through revisions. Their views become closely monitored when the economy starts to get wobbly.

 

For now, it is far too soon for any NBER pronouncement. Asked for his personal assessment, Robert Hall, a Stanford University economist who heads the committee, said, “I’m plenty worried about the world and U.S. economies.”

 

Share

Tags:
Share
Thursday, 14 November 2013

Australia Rejects UN “Socialism Masquerading as Environmentalism”

Written by 

 

Australia Rejects UN “Socialism Masquerading as Environmentalism”

The new Australian government, elected by a landslide on a platform opposing carbon taxes and “global-warming” schemes as United Nations climate theories were imploding, delivered a blunt message to UN alarmists this week: No more “socialism masquerading as environmentalism.” With the new conservative-leaning cabinet taking a stand against UN machinations and radical domestic restrictions imposed under the previous Labor Party government, Australian authorities also publicly refused to sign up for any new contributions, taxes, or charges at this week’s embattled UN global-warming summit in Poland. 

 

 

Despite the tough talk by officials and the fact that global temperatures actually stopped rising 17 years agodebunking every one of the UN’s “climate models” — Australia is still ensnared in more than a few dubious international “climate” commitments. In a move supposedly aimed at stopping “climate change,” the nation’s previous rulers agreed to force Australians to drastically reduce their emissions of carbon dioxide — a gas exhaled by all people and critical to life on Earth, which constitutes a mere fraction of one percent of all gases in the atmosphere.

 

According to an official document outlined in The Australian newspaper, the new government plans to remain “a good international citizen” and is still “committed to achieving a 5 percent reduction” in CO2 emissions by 2020. However, the document, reportedly produced after a cabinet meeting last week, noted that authorities will not agree to any international “climate” agreements that involve squandering more taxpayer money or levying taxes.

 

 

Australia “will not support any measures which are socialism masquerading as environmentalism,” the document also states. The new government, led by conservative-leaning Prime Minister Tony Abbott (shown), also explicitly declared that it would not make any payments or accept any liabilities as part of any potential new UN global warming agreement. That means Australia will refuse to play “any role in a wealth transfer from rich countries to developing nations to pay them to decrease their carbon emissions,” the paper reported.

 

 

With rulers of poor countries demanding $100 billion per year from taxpayers in wealthier nations to deal with alleged man-made “climate change” this week in Warsaw, the Australian decision represents a potentially major blow to the UN-led extortion effort. The new leadership also refused to send senior Australian officials — Environment Minister Greg Hunt and Foreign Minister Julie Bishop — to the ongoing UN summit. Predictably, climate alarmists and wealth redistributionists were up in arms. Analysts and commentators in Australia and other Western nations, however, celebrated the move. 

 

 

Abbott has also spoken out forcefully on international schemes that involved extracting funds from taxpayers to buy “permits” from a scandal-plagued system supposedly aimed at cutting carbon emissions in foreign countries. According to news reports, the new Australian government blasted the policy based on official forecasts showing that the anti-emissions regime would eventually end up costing $150 billion per year. “This is by far the biggest wealth transfer from Australians to foreigners that’s ever been contemplated,” Abbott was quoted as saying about the controversial scheme.

 

 

While the new government has not completely ruled out signing on to an international “climate” treaty, it did lay down some serious obstacles to foisting the scheme on Australians. For one, any new agreement would be considered only if all “major global economies” sign on as well — a prospect that is seen as close to impossible. The U.S. Senate, for instance, is highly unlikely to agree to any such deal, not to mention the regime ruling mainland China. Any more “greenhouse gases” ploys will also be conditioned on “fiscal circumstances,” the government said.    

 

 

On top of that, the official document highlighted in media reports said the new Australian leadership would review its positions in 2015 “in light of the science and international developments,” which analysts said could result in a range of policy outcomes. The document also pointed out, however, that if the alleged “science” underpinning UN global warming theories becomes even more questionable, Australia might also rein in its “climate” efforts even further. Indeed, the supposed “science” has already imploded with the complete failure of 73 out of 73 UN “climate models.”    

 

 

As UN and national government “climate” dignitaries assemble in Poland to work on foisting a devastating planetary carbon regime on humanity, UN global-warming theories have become a laughingstock. Meteorology Professor Richard Lindzen at the Massachusetts Institute of Technology (MIT), who served as a lead author for the third UN climate report, said the UN body had “truly sunk to a level of hilarious incoherence” with its latest assessment.

 

 

“They are proclaiming increased confidence in their models as the discrepancies between their models and observations increase,” added Dr. Lindzen, who has published hundreds of scientific papers and is just one of countless scientists lambasting the latest round of UN climate hysteria. The UN-promoted theory dubbed “The Ocean Ate My Global Warming” by critics, meanwhile, is really an admission that its climate models do not accurately simulate natural internal variability in the system.

 

 

Because the claim that human activity is responsible for global warming depends on the models being able to accurately simulate natural internal variability, the UN Intergovernmental Panel on Climate Change (IPCC) is essentially admitting, “somewhat obscurely,” that its crucial assumption is unjustified, the MIT expert explained. “Finally, in attributing warming to man, they fail to point out that the warming has been small, and totally consistent with there being nothing to be alarmed about,” the scientist and professor concluded. “It is quite amazing to see the contortions the IPCC has to go through in order to keep the international climate agenda going.”

 

With many of the world’s top experts in the field — including more than a few who have worked for the disgraced UN IPCCtearing apart and ridiculing the UN’s now-debunked claims, the climate alarmists know that the clock is ticking on their bid to foist a global-warming treaty on the world. While the Abbott administration and even senior UN climate alarmists do not expect much out of the Warsaw meeting, climate profiteers, power-hungry governments, international bureaucrats, and other increasingly desperate forces are hoping the summit will lay the groundwork for a strong, binding regime to emerge at the 2015 climate summit in Paris.          

 

In Australia, where voters came out in droves to crush the deeply unpopular carbon tax, Prime Minister Abbott is also working onfollowing through with campaign promises. Having already quashed the “Climate Change Commission,” the new government is now working to repeal carbon taxes — which contributed to soaring business failures in recent years. Despite facing some opposition in the Senate, Abbott and his cabinet appear determined to follow through.

 

 

“You’ve already voted on the carbon tax but now it’s the parliament’s turn,” he said in comments apparently aimed at extremist lawmakers seeking to ignore the will of voters by keeping the taxes in place. “This is my bill to reduce your bills…. Abolishing the carbon tax will reduce the average household’s cost of living by $550 a year.” Also on the new ruling coalition’s agenda is scrapping a massive tax on mining profits and scaling back taxpayer-funded handouts to foreign governments. 

 

 

While Australia’s government takes tepid steps to rein in the increasingly discredited climate juggernaut, the Obama administration continues to spew lawless executive decrees purporting to foist radical schemes on the American people under the guise of preventing “global warming” — despite the fact that there has been none in 17 years. Most recently, the unconstitutional Environmental Protection Agency unveiled new regulations that would effectively prohibit the building of any new coal-fired power plants.

 

 

Meanwhile, as the wheels come off the climate bandwagon, the UN is hoping to foist what it calls a “carbon budget” on humanity. The overarching agenda was summarized concisely last year by UN “climate” boss Christiana Figueres, who announced that the mission was to secure a “complete transformation of the economic structure of the world.” Individual liberty, free markets, national sovereignty, and more will all have to go, the UN has admitted on numerous occasions.  

 

 

If the UN, the EPA, and other power-hungry alarmist outfits are not stopped, the consequences will be disastrous, according to experts. For already-struggling Americans and Westerners, the schemes will ensure dramatically higher energy bills — not to mention soaring costs for virtually everything, as well as bigger, more intrusive government at all levels. For the world’s poor, the fruits of a “carbon budget” would be even more devastating. But with UN global-warming theories already thoroughly discredited and Australia’s government beginning to lead the way back to sanity, as some observers put it, it is not too late to stop the machinations.

 

Photo of Australian Prime Minister Tony Abbott: AP Images
  
Alex Newman, a foreign correspondent for The New American, is normally based in Europe. He can be reached atanewman@thenewamerican.com.

 

Related articles:

Australia Reining in Climate Schemes After Voters Reject Carbon Tax

Top Scientists Slam and Ridicule UN IPCC Climate Report

UN Carbon Regime Would Devastate Humanity

Australia Votes to Crush Carbon Tax and Big Government

Arctic Ice Expands, Dispelling Myths of Climate Change

Australia’s Carbon Tax Contributing to Record Business Failures

Carbon Tax Bad for Australian Hospitals’ Health

Climate Theories Crumble as Data and Experts Suggest Global Cooling

Poll: Australian “Carbon Tax” Wildly Unpopular

“Climate Science” in Shambles: Real Scientists Battle UN Agenda

Global-warming Alarmism Dying a Slow Death

Despite Lack of Global Warming, UN Sure Humanity Is to Blame

Obama & Allies Tell UN to Cover for Lack of Global Warming

Amid UN Climate Deception, Experts Decry Corruption of Science

Obama EPA Climate Decrees Will Further Damage U.S. Economy

The Real Agenda Behind UN “Sustainability” Unmasked

IPCC Researchers Admit Global Warming Fraud

Share

Tags:
Share

 

I’m of the belief that not all cops are bad but there are bad cops on the police force. The video above exposes corrupt police behavior. One bad cop is one too many and this is just additional proof that there are corrupt and racist cops on the force. How anyone can suggest there isn’t a problem is beyond me. With the advent of video much more corrupt police behavior is coming to light. These are the kinds of issues America needs to quickly address to avoid God’s wrath and to insure it survives as a nation. 

 

Related Information

How To Distinguish The Wrath Of God, From The Wrath Of Satan.

 

Epic Texas Flooding, A Blessing And A Curse?

Share

Tags: ,
Share


 Related Information

Trans Humanism: Mans Foolish Blind Rush To Make Himself Equal With God?

Share

Tags:
Share

Share

Tags:
Share

 

 

U.S. stocks opened sharply lower Friday after a slew of disappointing U.S. data, a fresh plunge in oil to below $30 a barrel and a sell-off in Chinese stocks that added to mounting concerns about slowing global growth.
The Dow Jones industrial average fell more than 350 points in the open to dip below the psychologically key 16,000 level. Financials led decliners in the S&P 500 as the major averages fell more than 2 percent.

 

“Obviously it started with growth concerns overseas and now we’re (hitting) ourselves with the same growth concerns as retail sales were weak and Empire manufacturing that collapsed,” said Peter Boockvar, chief market analyst at The Lindsey Group.

 

Dow futures briefly fell 400 points and the 10-year Treasury yield dipped below 2 percent after retail sales declined 0.1 percent in December. Ex-autos, retail sales also fell 0.1 percent.

 

U.S. crude oil traded about 5 percent lower ahead of the U.S. market open, below $30 a barrel to hit its lowest in more than 12 years. Brent crude was also sharply lower below $30 a barrel.

 

The January Empire manufacturing was minus 19.4.

The Producer Price Index fell 0.2 percent in December after rising 0.3 percent in November.

Industrial production for December fell 0.4 percent. Capacity utilization was 76.5 percent.

 

Consumer sentiment and business inventories are set to come out at 10:00 a.m. Friday also marks an options expiration day that could bring more volatility.

Traders on the floor of the New York Stock Exchange.

 

New York Federal Reserve President William Dudley said that future rate hikes depend on data and that rates are set to continue on gradual upward path. He added that overseas economies pose risk to the United States and there’s little change in outlook since the Fed meeting.

 

Core inflation is quite stable despite lower energy, Dudley said, noting 2016 growth is to be slightly above 2 percent.

 

The Shanghai composite fell about 3.5 percent. European stocks were down more than 2.5 percent in morning trade ET.

 

The U.S. dollar index was down more than half a percent. The euro was at 1.09 and the yen at at 116.8 yen against the greenback.

Share

Tags:

Powered by Wordpress
Theme © 2005 - 2009 FrederikM.de
BlueMod is a modification of the blueblog_DE Theme by Oliver Wunder
Translate »