Subscription expired
RSSbox powered by rssinclude.com

--



CLICK HERE PLACE YOUR ADS ON AMPED STATUS




--
AmpedStatus Report )))

Middle Class Death Watch: As Poverty Spreads, 28% of Americans Who Were Part of the Middle Class Have Fallen Out of It

September 15th, 2011 | Filed under Economy, Feature, Hot List . Follow comments through RSS 2.0 feed. Click here to comment, or trackback.

Email This Email This - Print This Print This

Post to Twitter Post to Facebook Post to Reddit Post to Digg Post to StumbleUpon

Editor’s Note: This is our first Middle Class Death Watch roundup. Building off of our extensive report on the financial destruction of the United States, this will be a regular feature moving forward. Here we present a collection of news reports from the past two weeks detailing the collapse of the middle class.

Overall Snapshot

Middle-Class Americans Often Fall Down Economic Ladder: Study – nearly a third of Americans who were part of the middle class have fallen out of it

“The promise of the American dream has given many hope that they themselves could one day rise up the economic ladder. But according to a study released those already in financially-stable circumstances should fear falling down a few rungs too. The study…  found that nearly a third of Americans who were part of the middle class as teenagers in the 1970s have fallen out of it as adults…  its findings suggest the relative ease with which people in the U.S. can end up in low-income, low-opportunity lifestyles — even if they started out with a number of advantages. Though the American middle class has been repeatedly invoked as a key factor in any economic turnaround, numerous reports have suggested that the middle class enjoys less existential security than it did a generation ago, thanks to stagnating incomes and the decline of the industrial sector.”

Downward Mobility from the Middle Class: Waking Up from the American Dream

“The idea that children will grow up to be better off than their parents is a central component of the American Dream, and sustains American optimism. However, Downward Mobility from the Middle Class: Waking up from the American Dream finds that a middle-class upbringing does not guarantee the same status over the course of a lifetime. A third of Americans raised in the middle class—defined here as those between the 30th and 70th percentiles of the income distribution—fall out of the middle as adults.”

Housing Crisis

More Americans ‘double up’ and share homes in tough economy

“This spring, there were 21.8 million “doubled-up” households across the nation, a 10.7 percent increase from the 19.7 million households in the spring of 2007, the Census Bureau said. That means 18.3 percent of all households were combined households.”

The millions of Americans living in long-stay motels

“They are known as the last resort. Millions of Americans are staying in budget long-stay motels as the country’s economic problems get worse. The grisly rooms are seen as the lowest of the U.S. housing ladder, only just above a cardboard box. In tiny rooms with paper-thin walls and nylon sheets, vulnerable Americans are making their homes for a few hundred bucks a month.”

Homelessness could spread to middle class, Crisis study warns

“The economic downturn and the government’s deep cuts to welfare will drive up homelessness over the next few years, raising the spectre of middle class people living on the streets, a major study warns. The report by the homelessness charity Crisis says there is a direct link between the downturn and rising homelessness as cuts to services and draconian changes to benefits shred the traditional welfare safety net.”

“More than two years into the economic recovery, there isn’t yet a light at the end of the tunnel for California’s economy and stubborn unemployment. The number of job losses in the state is still much higher than the worst moments of the 2001 and 1990 recessions…. The state’s jobless rate hit 12% last month, the second worst in the nation. A broader measure of unemployment — which also includes part-time workers and people outside the labor force who have been looking for a job — is 22% in California and 24% in Los Angeles, while the national average is only 16.5%, according to the Bureau of Labor Statistics. The impact on children has been brutal: since 2007, 7% of the state’s children have had a foreclosure process started on their homes, the fourth-highest level in the nation, according to a study released this month by the Annie E. Casey Foundation. And families can rely less on welfare because state and federal budget crises have cut social services.”

“Doug Hardman wakes up every morning with a song in his head—a vague memory of his days on stage. Inside his tepee in the woods outside Lakewood, NJ, at the homeless Tent City, the roosters wake early and the mornings are already cooler. A musician who lost his Florida home in the housing crisis, Hardman says he floats in and out of Tent City, that he’s proud of his kids, and misses the life he no longer has. He has a lot of company out here.”

US Taxpayers Own 248,000 Foreclosed Homes

“For sale or rent by distressed owner: 248,000 homes. That’s how many residential properties the U.S. government now has in its possession, the result of record numbers of people defaulting on government-backed mortgages. Washington is sitting on nearly a third of the nation’s 800,000 repossessed houses, making the U.S. taxpayer the largest owner of foreclosed properties. With even more homes moving toward default, Fannie Mae (FNMA), Freddie Mac (FMCC), and the Federal Housing Administration are looking for a way to unload them without swamping the already depressed real estate market. Trouble is, they haven’t figured out how to do that. “They’re stuck,” says Karen Shaw Petrou, managing partner of Federal Financial Analytics, a Washington-based consultant that advises banks and other clients on government policy. “They don’t know what to do.””

“It would seem so from the statistics compiled by the New York Times. The article leads in by suggesting the rich are ‘losing their home but given the talk about strategic default earlier in the year, you should wonder whether these are defaults due to distress or out of sheer financial calculation. This statistic jumped out at me: More than one in seven homeowners with loans in excess of a million dollars is seriously delinquent…. By contrast, homeowners with less lavish housing are much more likely to keep writing checks to their lender. About one in 12 mortgages below the million-dollar mark is delinquent. Why would there be this differential given the stress on budgets felt by homebuyers below the million dollar mark? It looks very much like strategic defaults at play.”

“At the end of June 2011, macromarkets.com released the results of a poll in which 108 leading economists and housing market analysts were asked to predict the direction of home prices from now until 2015. All except four of them predicted that housing markets around the country would hit bottom no later than the end of 2012 before climbing again. Only one of them thought that home prices would not hit bottom until the end of 2013. By way of contrast, a survey of consumers released in May by trulia.com and realtytrac.com found that 54% thought that a housing market recovery would not occur until “2014 or later.””

American Dream, downsized: Homeownership not a given

“For decades, Americans have aspired to own homes, and everyone from bankers to government officials has worked to make the dream accessible. But around the country, particularly in places hit hardest by the real estate bust, that’s changing. Legions of homeowners remain underwater on their mortgages or unable to move because they can’t sell their house. Plenty who want homes can’t buy them because credit remains tight.”

My job is to watch dreams die – We sell houses that were foreclosed on

“I work at a real estate office. We primarily sell houses that were foreclosed on by lenders. We aren’t involved in the actual foreclosures or evictions – anonymous lawyers in the cloud somewhere are tasked with the paperwork – we are the boots on the ground that interacts with the actual walls, roofs and occasional bomb threat. When the lender forecloses – or is thinking of foreclosing – on a property one of the first things that happens is they send somebody out to see if there is actually a house there and if there is anybody living there who needs to be evicted….

When I make first contact and explain that the lender is offering them money to leave sometimes they tell me that they haven’t slept for months, knowing that something was going to happen but never knowing if tomorrow was the day when somebody kicked in their door and threw their kids out on the lawn. Their lenders won’t tell them anything, they have nothing to go on but horror stories from other people that they never knew….

There is no difference between myself and these people other than the intangible twists of experience. And so I listen. I feign dispassion but I’m not fooling anybody. Somehow they can tell that I care and thank me even as they admit that it isn’t my fault, that it isn’t my responsibility to listen. I’ve stood inside another’s dream for an hour as they spoke, not really to be heard but to say goodbye – to leave the ghosts behind. They go to the car and return…. The keys are peeled from a ring. They thank me. Sometimes they cry. And they’re gone. I wait for their car to vanish before I put up the sign. To most everybody else it is just another house on just another block in just another city in just another financial catastrophe. But I was there. I saw the dream end. But at least I don’t make them turn out the lights one last time as they leave. That’s my job.”

Unemployment

“The BLS playbook in full force today: miss expectations of 405K – check, by printing at 414K; another weekly print over 400K – check (21 out of 22 weeks over 400K), revise prior week’s higher – check (from 409K to 412K). Unfortunately, unlike two weeks ago when another blowout miss was reported, this time there is no striking phone carrier to blame it to. And as usual, those coming off their extended claims cliff keeps increasing, with 78K people dropping off EUCs and Extended claims: nearly 2 million people have been cut off from any extended government benefits in the past year. Overall, another weekly data set that confirms that next month’s NFP number will most certainly not be positive… or zero. “

“The job market is even worse than the 9.1 percent unemployment rate suggests. America’s 14 million unemployed aren’t competing just with each other. They must also contend with 8.8 million other people not counted as unemployed — part-timers who want full-time work. When consumer demand picks up, companies will likely boost the hours of their part-timers before they add jobs, economists say. It means they have room to expand without hiring. And the unemployed will face another source of competition once the economy improves: Roughly 2.6 million people who aren’t counted as unemployed because they’ve stopped looking for work. Once they start looking again, they’ll be classified as unemployed. And the unemployment rate could rise.”

A smaller share of men have jobs today than at any time since World War II

“Employers are increasingly giving up on the American man. Men who do have jobs are getting paid less. After accounting for inflation, median wages for men between 30 and 50 dropped 27 percent—to $33,000 a year— from 1969 to 2009, according to an analysis by Michael Greenstone, a Massachusetts Institute of Technology economics professor who was chief economist for Obama’s Council of Economic Advisers. “That takes men and puts them back at their earnings capacity of the 1950s,” Greenstone says. “That has staggering implications.”

“Local and state governments axed more than 200,000 jobs in 2010, according to U.S. Census data that showed the growing threat of public employee layoffs to the economic recovery. According to the Census, local and state governments had 203,321 fewer full-time equivalent employees in 2010 than in 2009 and 27,567 fewer part-time employees. “

“Today, the question is: As the new unemployment “norm” rises, will the “99ers” remain just a number, or will anger and systemic dysfunction lead to the rebirth of movements of the unemployed, perhaps allied, as in the past, with others suffering from the economy’s relentless downward arc? Keep in mind that the extent of organized protest by the unemployed in the past should not be exaggerated. Not even the Great Depression evoked their sustained mass mobilization. That’s hardly surprising. By its nature, unemployment demoralizes and isolates people. It makes of them a transient and chronically fluctuating population with no readily discernable common enemy and no obvious place to coalesce. Another question might be: In the coming years, might we see the return of a basic American horror at the phenomenon of joblessness? And might it drive Americans to begin to ask deeper questions about the system that lives and feeds on it? After all, we now exist in an under-developing economy.

What new jobs it is creating are poor paying, low skill, and often temporary, nor are there enough of them to significantly reduce the numbers of those out of work. The 99ers are stark evidence that we may be witnessing the birth of a new permanent class of the marginalized. (The percentage of the unemployed who have been out of work for more than six months has grown from 8.6% in 1979 to 19.6% today.) Moreover, our mode of “flexible capitalism” has made work itself increasingly transient and precarious. Until now, ideologues of the new order have had remarkable success in dressing this up as a new form of freedom. But our ancestors, who experienced frequent and distressing interruptions in their work lives, who migrated thousands of miles to find jobs which they kept or lost at the whim of employers, and who, in solitary search for work, tramped the roads and hopped the freight cars (even if they could not yet roam Internet chat rooms), were not so delusional.

We have a choice: Americans can continue to accept large-scale unemployment as “natural” and permanent, even — a truly grotesque development — as a basic feature on a bipartisan road to “recovery” via austerity. Or we can follow the lead of the jobless young in the Arab Spring and of protestors beginning to demonstrate en masse in Europe. Even the newly minted proletarians of Ventura, California, sleeping in their cars, may decide that they have had enough of a political and economic order of things so bankrupt it can find no use for them at any price.”

“It is bad enough that President Obama is reversing his campaign pledge and supporting Bush-era trade deals with Korea, Colombia and Panama. Starting this week in Chicago, the US will be hosting the first major trade negotiations since the “Battle in Seattle” World Trade Organisation talks came here in 1999. This occasion is for the Trans-Pacific Partnership (TPP) with a wide range of industrialised and developing Pacific Rim countries. As part of his plan to revive the US economy and create jobs, Obama claims he will be unveiling “a trade agreement for the 21st century”.

Ironically, though, he will be pushing the same “Nafta-style” trade pacts he campaigned against, and to howls of protest from his own electoral base. Let us not forget what he said: “I voted against Cafta, never supported Nafta, and will not support Nafta-style trade agreements in the future,” Obama told Ohio voters in 2008. “While Nafta gave broad rights to investors, it paid only lip service to the rights of labor and the importance of environmental protection.”"

“She lost her job through no fault of her own. What she hadn’t figured out was why she was still unemployed and why her husband had been bounced from one wretched low-paying job to another. Why, she asked, if they both finished high school, got some post-secondary education, had solid work histories and held off on having kids, was it such a struggle to pay for things like getting the car fixed and visiting the dentist? I think the thing that keeps me going is knowing that we are really lucky, even in spite of the challenges that we are facing,” said Harris in an email. “I can’t help but feel badly for those that I know are worse off than we are.  And I am truly grateful. And knowing that we are not alone helps a great deal, too. But it seems to be getting harder. Harder not to worry, not to cry, not to give up hope. We did everything right, I thought.”

“American workers’ concerns about various job-related cutbacks have returned to the record highs seen in 2009…. In terms of the most significant employment risk measured, 3 in 10 workers currently say they are worried they could soon be laid off, similar to the 31% seen in August 2009 but double the level recorded in August 2008 and for several years prior.”

“Anyone can lose their job and fall behind on bills in this economy. But now that may keep them from finding new employment. This week’s credit check: Six out of 10 employers use credit reports to vet job applicants. More than 20 million Americans may have material errors on their credit reports…. Where should they turn when they’ve lost a steady paycheck, but still have to keep up with bills such as mortgage payments, student loans, and the basics like rent and food? With no money coming in, many understandably have to turn to debt. But taking on debt — and being unable to pay it back, or pay back any of the debt they may have took on when things looked better and they had a job — could be the exact thing that keeps the unemployed from becoming re-employed. In a massive Catch-22, many employers are looking to credit reports when they do background checks on prospective employees, and a bad mark due to an unpaid medical bill or lapsed student loan payment could make the difference in getting the job…. Marketplace recently told the story of Sarah Sholar, just one of those employees with bad credit who has been turned down by prospective employers. “I can’t pay my student loans because I don’t have a job,” she told them. “I can’t get a job because I can’t pay my student loans.””

Debt

U.S. Consumers’ Credit Card Debt Rapidly Increasing

“According to a new study from CardHub.com, we’re on track to increase our collective credit card debt by $54 billion in 2011. We added only $9 billion in new credit card debt in 2010, and actually reduced our credit card debt in 2009 — so this is a significant reversal. All told, Americans now have roughly $772 billion in outstanding credit card balances. “For millions, they were living in a bubble,” says Odysseas Papadimitriou, CEO of CardHub, referring to Americans living on home equity and credit card debt five years ago. “If we end up overleveraging ourselves again, it’s going to be the same thing repeated in a few years.””

“The share of federal student loan defaults rose sharply last year, especially at for-profit colleges and universities, where 15 percent of borrowers defaulted in the first two years of repayment, up from 11.6 percent the previous year. According to Department of Education data released Monday, 8.8 percent of borrowers over all defaulted in the fiscal year that ended last Sept. 30, the latest figures available, up from 7 percent the previous year. At public institutions, the rate was 7.2 percent, up from 6 percent, and at not-for-profit private institutions, it was 4.6 percent, up from 4 percent. “Borrowers are struggling in this economy,” said James Kvaal, deputy under secretary of education. “We see a strong relationship between student default rates and unemployment rates.”

“Take Aleesha Nash, a graduate of New York University. “Logging into the Federal Student Aid website,” she writes…  “I see that today my balance is $104,104.63 for a percentage of the information in my head.” And there’s Jaclyn Cabral, too. Jaclyn chose to attend Elon University in North Carolina because it’s “regarded as one of the most affordable private educations.” Still, she graduated $90,000 in debt. For many of these students, paying off their loans is a nearly unsurmountable challenge. Brandon Woods, a Hampton University alum, finds himself working two jobs — and hardly making a dent in his $58,000 deficit. “

Cash-strapped lawyer ‘Carla’ turns to exotic dancing to pay her debts

“A lawyer has told how she turned to stripping to pay bills after struggling to find a legal job in recession-weary America. The attorney, giving her name only as Carla, graduated from law school ten years ago. But after being made redundant in 2009, she had to take drastic action to avoid drowning in a sea of student loans and other debts. After working as a waitress and a cashier in a gas station, she became so desperate she took a job as an exotic dancer.”

“Instead of creating some sort of overarching institution to protect debtors, they create these grandiose, world-scale institutions like the IMF or S&P to protect creditors. They essentially declare (in defiance of all traditional economic logic) that no debtor should ever be allowed to default. Needless to say the result is catastrophic. We are experiencing something that to me, at least, looks exactly like what the ancients were most afraid of: a population of debtors skating at the edge of disaster. “

Inflation

Food prices stay near record high

“Global food prices remain near a record high, according to the UN Food and Agriculture Organization (FAO). The index reached 231 points in August, up 26% from the same period last year. The index hit an all-time record of 238 points in February. Cereal prices rose on anticipation of a shortfall in production this year, which is expected to be 6 million tonnes less than predicted in July. The FAO’s measure looks at a range of essential foods. Those include cereals, oilseeds, dairy, meat and sugar.”

“Rising inflation means there are now just a handful of accounts that will prevent savers’ capital being eroded by the increasing cost of living. The Office for National Statistics said the cost of living, as measured by CPI, rose from 4.4% in July to 4.5% in August, meaning a basic rate taxpayer now needs to find a savings account paying 5.63% a year to beat inflation and tax, while a higher rate taxpayer needs to find an account paying at least 7.5%.”

Deflation

Median Male Worker Makes Less Now Than 43 Years Ago – Women Make 65% of what Median Male Makes

“While the fact that a record number of Americans are living in poverty should not surprise anyone at this point, what should surprise many is that according to Table P-5 of the Census report on (Lack of) Income, the median male is now worse on a gross, inflation adjusted basis, than he was in… 1968! While back then, the median income of male workers was $32,844, it has since declined to $32,137 as of 2010. And there is your lesson in inflation 101 (which we assume is driven by the CPI, which likely means that the actual inflation adjusted income decline is far worse than what is even reported). The only winner: women, whose median inflation adjusted income over the same period has increased by 188%. That said, it is still at 65% of what the median male makes. So injustice all around.”

Pension Time Bombs

California teachers’ pension system labeled “high-risk issue” by state auditors

“The California state auditor issued a report last month branding the defined benefit program of the California State Teachers Retirement System (CalSTRS) a “high-risk issue.” The pension fund is the eighth largest in the world and the largest teachers’ pension fund in the US. Teachers and administrators contribute a portion of their wages to the fund each year so as to collect pension benefits when they retire. To be considered fully funded, the defined benefit program of CalSTRS must be funded by at least 80 percent. The current funding level is 71 percent. According to financial projections, in 30 years CalSTRS will be depleted of funds.”

“This year has been a nightmare for many in the industry — which controls $35 trillion, or a third of global financial assets — and funding deficits are posting double-digit rises. “We had a credit crisis and government bond crisis, and the third one we have is the pension crisis. This is the one where everything is going wrong and there’s no obvious way out,” said Kevin Wesbroom, UK head of global risk services at consultancy Aon Hewitt. The sharp retreat in stocks through the summer has hurt them again by weakening their asset positions and threatening to erode stock market recoveries seen since the equity collapse surrounding the 2007-2009 credit crisis. Recent data on pension deficits highlight the plight of many pension funds. In the United States, funding deficits of the 100 largest DB plans rose $68 billion to $254 billion in July, according to the Milliman Pension Fund Index. July marked the 10th largest deficit rise in the index’s 11 year history. Even if these companies were to achieve an optimistic annual return of as much as 8 percent and keep the current benchmark yield of 5.12 percent, their funding status is not estimated to improve beyond 93 percent by end-2013 from the current 83 percent.”

Healthcare

“Official estimates by the Census Bureau showing an increase of about 1 million in the number of Americans without health insurance in 2010 – to a 45-year high of 49.9 million persons, or 16.3 percent of the population, under the bureau’s revised calculation method…. Employment-based coverage continued to decline. The bureau said 55.3 percent of Americans were covered by employment-based plans in 2010, down from 56.1 percent in 2009. It was the eleventh consecutive year of decline, from 64.2 percent in 2000.”

“It’s going to be a massive problem if it comes out that families have to buy really expensive employer-based coverage,” said Jocelyn Guyer, deputy executive director at Georgetown University’s Center for Children and Families. “If they don’t fix this and by ‘they’ I mean either the administration or Congress, we’re going to have middle-class families extremely unhappy with [healthcare] reform in 2014, because they’ll basically be facing financial penalties for not buying coverage when they don’t have access to any affordable options.”

“Newly published numbers from the Department of Health and Human Services show that American workers in 2010 paid average premiums of $4,940 for employer-provided health insurance to cover just themselves. That figure increased from $1,992 in 1996. Last year, the average family paid $13,871 for health insurance under employer-provided plans. For the average American household – whose median income is now about $50,000 – the rising price of health insurance is consuming a substantial part of paychecks.”

“Nearly one of every 10 midsized or big employers expects to stop offering health coverage to workers after insurance exchanges begin operating in 2014 as part of President Barack Obama’s health care overhaul, according to a survey by a major benefits consultant.  Towers Watson also found in its July survey that another one in five companies are unsure about what they will do after 2014. Another big benefits consultant, Mercer, found in a June survey of large and smaller employers that 8 percent are either “likely” or “very likely” to end health benefits after the exchanges start. The surveys, which involved more than 1,200 companies, suggest that some businesses feel they will be better off dropping health insurance coverage once the exchanges start, even though they could face fines and tax headaches. The percentage of companies that are already saying they expect to do this surprised some experts, and if they follow through, it could start a trend that chips away at employer-sponsored health coverage, a long-standing pillar of the nation’s health system.”

“Publicly, consumer and patient advocates continue to cheer wildly for last year’s health care law. Behind the scenes, however, some worry that they’re losing a few key battles to the insurance and business communities. They point to a long-sought provision in the law that entitles patients to external reviews if insurers won’t pay for a medical service, and they charge that recent regulations limit its effectiveness. One of their biggest gripes? It allows insurers to choose their own “external” reviewers. “Advocates who have dealt with the external review process believe that it’s pretty clear that if (a reviewer) is being chosen by an employer (or insurer) it’s not independent,” said Timothy Jost, a professor at Washington and Lee University School of Law. “

“To paint an accurate picture of how health care cost growth is affecting the finances of a typical American family, RAND Health researchers combined data from multiple sources to depict the effects of rising health care costs on a median-income married couple with two children covered by employer-sponsored insurance. The analysis compared the family’s health care cost burden in 1999 with that incurred in 2009. The take-away message: Although family income grew throughout the decade, the financial benefits that the family might have realized were largely consumed by health care cost growth…. Had health care costs tracked the rise in the Consumer Price Index, rather than outpacing it, an average American family would have had an additional $450 per month — more than $5,000 per year — to spend on other priorities.”

“It may be a little tough to see but there are four lines, showing long-term spending, as a percentage of GDP, on health care, Social Security, discretionary spending, and other mandatory spending. That blue line that shows the sharp increase? That’s health care. As Sarah Kliff noted in response, “Even as someone who spends a lot of time writing about health policy, this new chart … is still one that gives me a bit of pause.” This should matter in the context of the debate in Washington, because if policymakers want to address long-term debt issues, they should at least realize, to borrow Willie Sutton’s line, where the money is.”

“Though as many as 25 million uninsured Americans have pre-existing medical conditions like heart disease and diabetes, a year-old program to insure them has only 21,000 enrollees…. The Government Accountability Office reported that the government has so far spent just 2 percent of the $5 billion allocated by the health care reform law for the program, which launched last summer as the Pre-Existing Condition Insurance Plan. Administration officials initially said as many as 375,000 people would sign up in 2010 alone. The PCIP offers market-rate monthly premiums and caps out-of-pocket costs for any U.S. citizen who has a pre-existing condition and has been without “creditable” health insurance for at least six months. The GAO found that the six-month requirement is the biggest obstacle to higher enrollment in the program.”

“America’s health-care system differs from its counterparts in other affluent nations in a number of ways: greater fragmentation among payers and price-setters, stronger incentives for overuse of advanced diagnostic and treatment technology, higher administrative costs, less access to care for some. We might therefore expect it to perform less efficiently to achieve poorer health outcomes for a given amount of expenditure…. The chart plots life expectancy at birth by per capita health expenditures as of 2007. Twenty affluent nations are included. Among these countries the U.S. spends by far the most money on health care and yet has the lowest life expectancy.”

“Several days ago, I wrote about the ordeal I have been going through trying to move my health insurance from Kentucky to Maryland. Because I had a health insurance policy with Anthem Blue Cross in Kentucky, the local Blue Cross was obligated to offer me what is called a guarantee issue conversion policy that does not require underwriting (a good thing since I have several pre-existing conditions that would otherwise make it difficult for me to obtain health insurance). As I reported earlier, the Maryland conversion policy was almost no insurance at all so one of the options I wanted to explore was what kind of policy CareFirst (the Blue Cross company that serves the Washington, DC metro area, including the Virginia and Maryland suburbs) would offer me if I lived in the District instead of in Maryland. I asked CareFirst to send me the information and when it arrived it was a stunner. We are talking about maybe a 15-mile difference in location and the same company. But the policies were radically different, which CareFirst attributes to insurance laws which vary by location.”

“Not surprisingly, the subsidies have manufactured a price inequality that helps junk food undersell nutritious-but-unsubsidized foodstuffs like fruits and vegetables. The end result is that recession-battered consumers are increasingly forced by economic circumstance to “choose” the lower-priced junk food that their taxes support. Corn — which is processed into the junk-food staple corn syrup and which feeds the livestock that produce meat — exemplifies the scheme. “Over the past decade, the federal government has poured more than $50 billion into the corn industry, keeping prices for the crop … artificially low,” reports Time magazine. “That’s why McDonald’s can sell you a Big Mac, fries and a Coke for around $5 — a bargain.”"

“Now, restaurants, which typically have not participated in the program, are lobbying for a piece of the action. Louisville-based Yum! Brands, whose restaurants include Taco Bell, KFC, Long John Silver’s and Pizza Hut, is trying to get restaurants more involved, federal lobbying records show. More retailers say yes to food stamps. That’s a prospect that anti-hunger advocates welcome, but one that worries some current food stamp vendors and public health advocates. Federal rules generally prohibit food stamp benefits, which are distributed under the USDA’s Supplemental Nutrition Assistance Program (SNAP), from being exchanged for prepared foods.”

“The threat of losing your home is stressful enough to make you ill, it stands to reason. Now two economists have measured just how unhealthy the foreclosure crisis has been in some of the hardest-hit areas of the U.S. New research by Janet Currie of Princeton University and Erdal Tekin of Georgia State University shows a direct correlation between foreclosure rates and the health of residents in Arizona, California, Florida and New Jersey. The economists concluded in a paper published this month by the National Bureau of Economic Research that an increase of 100 foreclosures corresponded to a 7.2% rise in emergency room visits and hospitalizations for hypertension, and an 8.1% increase for diabetes, among people aged 20 to 49.”

Unemployment Is Killing People

“When considering the effects of unemployment, and the desultory, really uncaring response of the current Democratic administration, as well as Republicans in Congress, to the human devastation of joblessness, it is important to consider the terrible emotional and psychological effects of such unemployment. Such effects are well-documented, but rarely mentioned in articles or blog postings. A well-regarded 2010 study by the John J. Heldrich Center for Workforce Development at Rutgers, the State University of New Jersey, “The Anguish of Unemployment,” quantified the tremendous emotional suffering engendered by unemployment. “The lack of income and loss of health benefits hurts greatly, but losing the ability to provide for my wife and myself is killing me emotionally,” wrote one respondent to the survey.”

Senator Sanders: Poverty Is A Death Sentence – Cuts 6.5 Years Off Life Expectancy

“In America today, people in the highest income group level, the top 20 percent, live, on average, at least 6.5 years longer than those in the lowest income group. Let me repeat that. If you are poor in America you will live 6.5 years less than if you are wealthy or upper-middle class.”

Poverty & Inequality

Over 56 Million Americans Live in Poverty – How Census Bureau Propaganda Ignores the Suffering of 10 Million Impoverished Americans

Over 56 Million Americans Live in Poverty“The new Census data reveals that a stunning 46.2 million Americans, 15.1% of the population, lived in poverty in 2010. This is an increase of 2.6 million people since 2009. While these are staggering statistics that represent the highest number of American people to ever live in poverty, and a dramatic year-over-year increase, it significantly undercounts the total. The Census Bureau poverty rate is a highly flawed measurement that uses outdated methodology…. We can estimate that at least 56 million Americans, roughly 18.5% of the population, lived in poverty in 2010 according to NAS methodology, approximately 10 million more than the Census Bureau is reporting.”

Living Wage Calculator

“In many American communities, families working in low-wage jobs make insufficient income to live locally given the local cost of living. Recently, in a number of high-cost communities, community organizers and citizens have successfully argued that the prevailing wage offered by the public sector and key businesses should reflect a wage rate required to meet minimum standards of living. Therefore we have developed a living wage calculator to estimate the cost of living in your community or region. The calculator lists typical expenses, the living wage and typical wages for the selected location.”

The 10 States With the Worst Economies In America

“The global economic crash hurt almost everyone, but not equally so… we’ll consider 10 [states] that aren’t faring so well. What accounts for their relatively poor performance? Three of the four states that saw the biggest real estate bubbles arise in the 2000s are on the list, beaten down by Wall Street hucksters promising them never-ending growth in home prices. People in California, Nevada and Florida, fueled by irrational exuberance, got badly “over-leveraged,” and when the house of cards fell apart, millions were left underwater. These states saw extremely high rates of foreclosures, and steep job losses as people pulled back on spending while credit market tightened. States themselves invested pension funds and other reserves in mortgage-backed securities, thanks to AAA ratings bought from ratings agencies like Standard and Poors, and that, combined with a massive drop in tax revenues, led to budget crises and public sector cuts at the worst imaginable time.”

“For the very richest Americans, low tax rates on capital gains are better than any Christmas gift. As a result of a pair of rate cuts, first under President Bill Clinton and then under Bush, most of the richest Americans pay lower overall tax rates than middle-class Americans do. And this is one reason the gap between the wealthy and the rest of the country is widening dramatically.”

“For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion for banks that have filings with the US Securities and Exchange Commission. Extrapolating over the coming decade, the numbers would approach $5 trillion, an amount vastly larger than what both President Barack Obama’s administration and his Republican opponents seem willing to cut from further government deficits. That $5 trillion dollars is not money invested in building roads, schools, and other long-term projects, but is directly transferred from the American economy to the personal accounts of bank executives and employees. Such transfers represent as cunning a tax on everyone else as one can imagine. It feels quite iniquitous that bankers, having helped cause today’s financial and economic troubles, are the only class that is not suffering from them – and in many cases are actually benefiting.”

To be notified of future reports from this series, please subscribe to our email newsletter.


- This roundup was compiled by AmpedStatus editor David DeGraw. His long-awaited book, The Road Through 2012, will finally be released on September 28th. He can be emailed at David[@]AmpedStatus.com.


~ We are fighting to remain 100% independent, completely free from partisan influence. If you respect our work, please donate to support our efforts here.

Post to Twitter Post to Facebook Post to Reddit Post to Digg Post to StumbleUpon

Email This Email This - Print This Print This


Facebook Comments:

23 Responses - Place Your Comment:

    Previous Comments:

  1. [...] Cross-posted from AmpedStatus.com [...]

  2. Arouete said:

    This may interest you. See “46.2 Million in Poverty”? How to Lie With Statistics.” at Open Salon.com http://open.salon.com/blog/f_arouete/2011/09/17/462_million_in_poverty_how_to_lie_with_statistics

  3. Strayhorse said:

     AMERICA – MILLIONS OF JOBS ARE AVAILABLE NOWI have sent this economic recovery act plan to every presidential candidate, to other congresspersons, and to the jobs czar in the current administration, and I am bewildered that the President would rather spend $300 billion on programs that will never get to the average American in any way that would raise their standard of living at more than a living wage i.e. the recent $500 million for the solar company that went bankrupt; or the $13 billion unemployment benefits that were paid out in error; or the $1 trillion that was lost and unaccounted for by the Pentagon according to the GAO, and on and on. What is needed is what is proposed in the following Economic Freedom and Stability Act. Can anyone help me get this word out?ECONOMIC FREEDOM AND STABILITY ACT  Dear Sir/Madam: Considering some of the recent wasteful expenditures by the United States such as $360 million lost to insurgents and criminals in Afghanistan, $300 million spent on two naval ships that were never used, which are now on their way to the scrap yards; and the United States NIH sending more than $90 million in taxpayer-funded grants to China, the time has come for thinking out of the box; for thinking critically about drafting a resolution for and taking action on pressing matters that if precautions are not initiated soon regarding our country’s current economic crisis, the continued wellbeing of every man, woman and child in America may result in irreparable economic despair.   The Social Security system, Medicare, Medicaid and many state social services programs are at dire risk of imploding; employment has stagnated and is growing more dire; military personnel may or may not be coming home due to the lack of employment and supports for veterans; and current high school and college students face a bleak future of unemployment and debt.   To relieve the pressure, prevent the collapse of a once vibrant and beneficial system of assistance to those in need; and to encourage support for those who have worked hard to support others, the time has come to initiate the following ECONOMIC FREEDOM AND STABILITY ACT.The simplicity of the following program is exactly what America needs to take the pressure off burdening supports, and encourage re-investment in the American way of life.   THE ECONOMIC FREEDOM AND STABILITY ACT (EFSA)This is an INVEST AMERICA (I AM) – SOLUTIONPlease find below a simplistic compilation of suggestions for fixing America’s economy. Instead of giving any further bail-outs of billions of dollars to the banks, financial houses, or corporations that will squander the money on obscene and unearned bonuses without giving any thought to using those funds for the betterment of the poor and middle class, the following plans are presented instead:PLAN A:  There are 50-60 million baby boomers who remain employed in the work force. We suggest that the United States government offer each of those employed baby boomers $1 million dollars each, tax free, as severance to retire from their employment within 30 days of receipt of the $1 million dollar severance with the following stipulations:I.          The new EFSA retiree MUST cease their current employment and not hire on as an employee anywhere in America ever again. 50-60 million job openings will occur – Younger potential employees and college graduates are then hired.  Unemployment costs saved and employment opportunities will immediately be resolved. (The new retirees CAN start a business, and they can eventually hire new employees too).II.         The new EFSA retiree MUST buy a new AMERICAN made energy saving, green rated automobile. With 50-60 million new American made vehicles ordered the auto industry will once again become stable and solvent with jobs and needed resources enjoying economic growth- Employment, Environment and Auto Industry fixed.III.        The new EFSA retiree MUST either buy an American house/condo or pay off their existing mortgage thereby increasing jobs, and stabilizing the housing and mortgage issues – Employment and Housing Crisis fixed.IV.       The new EFSA retiree MUST purchase a life insurance policy to insure that those who depend on them for support will be taken care of in the event of untimely death or medical setback. –Dependents and Caregiver Coverage Fixed.V.        The new EFSA retiree MUST purchase and carry yearly medical, dental and vision coverage for themselves and their dependents, decreasing healthcare costs and burdens for the nation, and ensure continued wellbeing and quality of life.  – Financial, Employment and Healthcare Coverage Fixed.VI.       The new EFSA retiree MUST forfeit all future Social Security, Medicare, and/or Medicaid benefits decreasing trillions of dollars of social welfare costs; eliminating the financial burdens on the coming generations, and encouraging self-determination.  Budget Deficit fixed.*** Certainly even some of the noted suggestions warrant further consideration, or the opportunity to be further elaborated on and implemented.  Such an economic and stability program could be in effect by the end of 2011 without much financial investment considering the billions of taxpayer dollars being wasted each minute as you read this proposal. AMERICAN VETERAN ACKNOWLEDGEMENT OF SACRAFICE ACT (AOS)PLAN B:THE AMERICAN VETERAN ACKNOWLEDGEMENT OF SACRIFICE ACT– AOS1.      20-40 ACRES OF AMERICAN LAND AND AN AMERICAN MADE TRUCK (NEW OR USED) WILL BE PROVIDED ALL HONORABLY DISCHARGED VETERANS.2.      VETERANS MUST GROW SOMETHING FOR THE GOOD OF THE COMMUNITY ON THE LAND (FOOD, LIVESTOCK, WILD GAME, PRODUCTS, ETC)3.      VETERANS CANNOT SELL, CONVEY, USE AS COLLATERAL OR TRANSFER OWNERSHIP OF THE LANDFOR 20 YEARS.  THE TRUCK CAN BE SOLD OR OWNERSHIP CONVEYED AFTER FIVE YEARS.4.      THE LAND CAN BE INHERITED BY DEPENDENTS OF THE VETERAN BUT CANNOT BE SOLD, CONVEYED, USED AS COLLATERAL OR TRANSFERRED OUT OF THE FAMILY FOR 20 YEARS.5.      VETERANS ARE RESPONSIBLE FOR STEWARDSHIP OF THE LAND TO INCLUDE ALL WASTE CREATED ON THE LAND.6.      THE LAND CANNOT BE A BLIGHT ON THE COMMUNITY, OR THE LAND CAN BE RECOVERED BY THE GOVERNMENT AS FORFEITURE FOR FAILURE TO MAINTAIN THE LAND AS IT WAS INTENDED TO BE USED.With the implementation of the SEVERANCE AND VETERAN ACTS, America’s students will see a brighter future to invest their efforts and talents while creating plentiful jobs without fear of increasing the unemployment ranks. STUDENTS TO PROFESSIONALS ACT – (STP)PLAN C:THIS PROGRAM WAS CREATED TO CONNECT HIGH SCHOOL AND COLLEGE STUDENTS TO EMPLOYERS WHO WILL ACT AS BENEFACTORS, MENTORS AND INVESTORS IN THE STUDENTS’ FUTURE PROFESSIONAL AMBITIONS BY FUNDING A STUDENT’S EDUCATION OR SKILL TRAINING ON A 1:1 RATIO: ONE YEAR OF EMPLOYMENT WITH THE SPONSORING COMPANY FOR ONE YEAR OF COLLEGE OR SKILL TRAINING.1.      A SPONSORED STUDENT WILL WORK SIX TO EIGHT WEEKS OF EACH SUMMER ATER THEIR SOPHOMORE YEAR IN HIGH SCHOOL UNTIL THEY GRADUATE FROM HIGH SCHOOL, AS AN INTERN WITH THE EMPLOYER-SPONSOR WHO HAS CONTRACTED TO INVEST IN THE STUDENT’S COLLEGE OR TRADE SCHOOL TUITION.2.      ONCE THE STUDENT GRADUATES FROM THE COLLEGE OR TRADE SCHOOL OF THEIR CHOICE, THE STUDENT WILL WORK ONE YEAR FOR THE EMPLOYER-SPONSOR FOR EVERY YEAR THE EMPLOYER-SPONSOR FUNDED THAT STUDENT’S EDUCATION OR TRAINING.3.      SAID EMPLOYMENT WILL BE AT A COMPETITIVE RATE OF PAY, WAGE, SALARY AS DETERMINED BY THE MARKET AT THE TIME OF COMPLETION OF COLLEGE OR TRAINING.4.      CONTRACT AND NEGOTIATIONS REGARDING COLLEGE/TRAINING TUITION/EXPENSES AND EMPLOYER REIMBURSEMENT WILL BE DEFINED BY ARBITRATION AND STANDARDS DETERMINED BY THE DEPT OF LABOR.*** THIS PROGRAM WILL CREATE AN AMERICAN TRANSITIONAL VIABLE WORK FORCE WITH PRACTICAL WORK EXPERIENCE FOR PROSPECTIVE EMPLOYERS-SPONSORS TO ACCESS AND MENTOR. *** THIS PROGRAM WILL CREATE JOBS AND DIRECTLY CONNECT THE WORKFORCE WITH THE INDUSTRIES IN NEED OF HUMAN CAPITAL.*** THIS PROGRAM WILL ENABLE STUDENTS TO TRANSITION TO EMPLOYMENT WITH A DIRECT INVESTMENT IN THEIR FUTURE, WHILE BOLSTERING THE ECONOMIC GROWTH OF THE NATION.With the implementation of these simple SEVERANCE, VETERAN & STUDENT ACTS, America’s economy, spirit, and future will exponentially expand beyond the nation’s current burdens and constraints, with prosperity and renewed re -INVEST in AMERICA (I AM) – SOLUTION.signed,Randall Stephens

  4. Ptrmoore said:

    After graduating with a degree,I did not stay in USA long due to complete lack of consideration even when I had law on my side from draft board.I had hard time in Canada.So much so I left for Australia where it was even worse it appeared.I suffered from malnutrition.But today living a easy life on pension,I feel sorry for kin folk in USA who it appears no hope hardly.The longer I stayed here even after death threats from previous government the better the future looks even if I was forced to go to Overseas due to death threats before.In Philippines I received no death threats but was poisoned with arsenic frequently and in a smash up which looked phoney.I was lucky to survive.Not much different in Honduras.Still happy I left the great USA.

  5. [...] Middle Class Death Watch: As Poverty Spreads, 28% of Americans Who Were Part of the Middle Class Have Fallen Out of It Reply With [...]

  6. [...] The Rest…With Links…HERE [...]

  7. David said:

    Has anyone hear of the Public Stimulus Plan yet ?

    The largest and easiest public assistance plan
    ever launched in the history of the Internet.

    http://www.PublicStimulusPlan.com

  8. Jen said:

    Good ideas but they will not work unless the US government and corporations stop exporting jobs to China and other countries that pay lip service to worker rights and offer labour at cheap prices to lure profit-hungry multi-nationals to their shores. You will also need some kind of incentive or reward program to encourage small business formation and growth and entrepreneurial creativity and innovation as these have the potential for future growth and sources of long-term employment. Looking at your plans, Plan B Point 2 looks like a starting point for encouraging agricultural entrepreneurship and should be extended to include retired baby-boomers as well as veterans.

  9. [...] David DeGraw, Amped Status Saturday 17 September [...]

  10. [...] http://ampedstatus.org/middle-class-death-watch/ Categories: Uncategorized Tags: class, DeathAmerica, Middle Related PostsOTN: Don’t mess with the middle classMiddle Class Unrest To Hit U.S. – Zbigniew Brzezinski22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America-by ” Accident” or ” Design” ????22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America-by ” Accident” or ” Design” ????Jobs in Middle EastWork Positions in Middle EastClass: Religion becoming more, not less, importantVacant Jobs – Middle EastJobs in Middle EastBabies to be banned from First Class cabins Comments (0) Trackbacks (0) Leave a comment Trackback [...]

  11. [...] 2) Middle Class Death Watch [...]

  12. The poor need livable wage jobs and most people understand this fact to be true. I believe the question is who will pay to create livable wage jobs? Most people won’t pay or can’t pay. Ygf page helper com is the real change we need and it will cost us no extra money. We are a real change to help the poor 99% and the wealthy. We are a real change to help the Independents, Republicans and Democrats. We are a real change to help the banks, credit unions, corporations and Wall Street. We are a real change to help all nationalities and religions. America has always been a melting pot of ideas, hopes and dreams. We must stop fighting each other and come to some common ground like our Forefathers and mothers did. America needs a job creation program that helps us all! We must find the middle way without raising taxes on anyone. We must create our new American Dream together and for everyone. Please become part of our job creation solution at Ygf page helper com so everyone can work and earn livable wages.Fred Tappan

  13. [...] Middle Class Death Watch: As Poverty Spreads, 28% of Americans Who Were Part of the Middle Class Have Fallen Out of It http://ampedstatus.org/middle-class-death-watch/ [...]

  14. [...] Middle Class Death Watch: As Poverty Spreads, 28% of Americans Who Were Part of the Middle Class Have Fallen Out of It http://ampedstatus.org/middle-class-death-watch/ [...]

  15.  There is no answer in the economic circumstance we currently believe in. It’s like religion. Before I had the time to do true investigation and research, I tended to believe in an outdated concept. Start thinking outside the box. The Venus Project and The Zeitgeist Movement are good starts.

  16. If you wish for to grow your experience simply keep visiting
    this web site and be updated with the most up-to-date
    gossip posted here.

    Look at my site delete AVASoft Antivirus Professional virus

  17. [...] Middle Class Death Watch: …Middle Class Have Fallen Out of It [...]

  18. clarence swinney said:

    WILL WE EVER GET ANOTHER GOVERNANCE SCHOLAR?
    Spent entire adulthood studying governance
    In college worked in a a senators office
    12 years developing budgets
    Best background to be president
    After presidency spent life helping in the poorest nations.
    GDP–rose from 6300 to 11,600
    NATIONAL INCOME-5,000 to 8,000 Billion–took 20 years to grow 2500B before Clinton
    JOBS CREATED–over 22 million–record by far
    AVERAGE WEEKLY EARNINGS–$360 to $478
    AVERAGE WEEKLY HOURS WORKED–never hit 35.0–hit that  mark 4 times in 80′s
    UNEMPLOYMENT–from 7.2% down down down to 3.9%
    WELFARE TO WORK—11,533,710 on federal roll in 1996 and 3,880,321 in 2007.
    MINIMUM WAGE–$4.25 to $5.15
    MINORITIES–did exceedingly well
    HOME OWNERSHIP–hit all time high
    DEFICIT–290 Billion to whoopee a SURPLUS
    DEBT—-+28%—300% increase over prior12 years
    FEDERAL SPENDING–+28%—80% under Reagan- who da true conservative?
    DOW JONES AVERAGE–3,500 to 11,800  all it’s history to get to 3500 and Clinton zooms it
    NASDAQ–700 to 5,000—all of it’s history to get to 700 and Clinton zooms it
    VALUES INDEXES– almost all bad went down–good went up in zoom zoom zoom
    FOREIGN AFFAIRS–Peace on Earth good will toward each other—Mark of a true Christian–what has Bush done to Peace on Earth?
    POPULARITY—highest poll ratings  in history during peacetime in  AFRICA, ASIA AND EUROPE even 98.5% in Moscow–left office with highest gallup rating since it was started in 1920′s.
    STAND UP FOR JUSTICE–evil conservatives spent $110,000,000 on hearings and investigations and caught— ONE— very evil man who took a few plane rides to events.
    BOW YOUR HEADS–Thank you God for sending us a man of Bill Clinton’s character, intelligence, knowledge of governance, ability to face up to crises without whimpering and a great leader of the world.
    THANK YOU GOD FOR THE GOOD TIMES THE CLINTON YEARS.

  19. clarence swinney said:

    On Monday, North Carolina became the first state to halt its welfare program, called Work First in the state and funded through the Temporary Assistance for Need Families (TANF) program, thanks to the government shutdown. While current enrollees will get October benefits, county offices have been instructed to stop processing new applications and November benefits won’t go out if the shutdown isn’t resolved in time. More than 20,700 state residents are enrolled in the program.

    When Congress failed to pass a continuing resolution to keep the government funded, it also failed to extend funding for TANF, meaning that state programs haven’t been getting any federal funding since October 1. Before Monday, all states had stepped up to cover the costs themselves. Arizona originally cut off benefits but later reversed course.

    But experts have warned that if the shutdown lasted more than a month some would start cutting off benefits. “After a month states [will] start to get nervous,” wondering when they will get federal funding, Elizabeth Lower-Basch, policy coordinator at CLASP, previously told ThinkProgress. As it wears on, more states are likely to join North Carolina.

    The state had also previously said it would cut off benefits to 50,000 low-income mothers and children from the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) program, which is also not seeing any federal funds in the shutdown. But two days later it reversed that decision and continued issuing benefits.

    TANF lifted 650,000 children out of deep poverty in 2005. Without the benefits, poverty would be 0.3 percent higher

  20. clarence swinney said:

    OBAMA SEQUESTRATION
    The deficit is declining at fastest pace since WWII.
    The president has introduced a plan that would avoid Sequestration
    awful cuts and proposes to boost the economy and restrengthen the middle class.
    His plan cuts spending wisely, gets savings in entitlements and closes tax loopholes that favor the rich. Total Deficit Reduction to date has been $2500 Billion and additional $1800 Billion is in his long range plan. Spending increases in first six years=Reagan + 65%–Bush II—+50%–Obama -+5% (projected).
    His plan is not approved by Tea Party Sequesters who want more spending cuts especially in entitlements. Will AHC cut spending? It seems unlikely.
    No one mentions Revenue like canceling Bush Tax Cuts. And Payroll Tax Cuts.
    We will never get close to reducing spending and balancing the budget without Revenue increases on the wealthiest. Why? Simple. They have all the money. When 20% have 85% of wealth it does not leave much with which to work.

  21. They operate from China and Russia, and are totally without morals or scruples.
    David Maron, a Vanderbilt University cardiologist who helped
    lead the new study. Taking drugs without any physical check up can be harmful to your health and may
    even cause death. Now, brace yourself for a statistic that boggles the mind.

    Here is my blog: international removals

  22. clarence swinney said:

    SPENDING
    calendar years-current dollars-average per year-
    Clinton–$1360 Billion
    Bush—–$2480 Billion
    Obama–$3710 Billion (5 years)
    Source: 2013 Global Almanac

  23. This article is in fact a fastidious one it assists new web users,
    who are wishing in favor of blogging.

23 Responses - Place Your Comment:





-------------------
Since February 2010, we have built the 99% Movement by surviving off of individual donations from people like you. Unlike most other so-called "independent" sites, we are not funded by partisan foundations or political organizations. We are fiercely independent and committed to citizen empowerment through the dissemination of critical information.

If you respect our work, please get a subscription here:



You can also make a one-time donation here.

Your information will be kept confidential.

If you have any questions, please e-mail AmpedStatus[@]AmpedStatus.com.

Our future is in your hands.


----- -------------------