Monday, January 30, 2012
24/7 Wall street reports that at the end of 2010 7.3% of Americans 75 and older were employed which is the highest level since 1966. Many older Americans lost retirement money and need to work in order to survive. More retirement-age people are searching for work, more are unemployed, and more are having a difficult time paying their bills.
The high unemployment rates among the 65 and over are not necessarily the same cities that have a high unemployment rate. Metropolitan regions have the unemployment rate lower than the national average, and other cities are harder hit. For those seeking to reenter the work force for 65 and over have a higher challenge in cities that rely on finance, telecommunications and technology.
The highest ranked cities for those 65 and older to find jobs:
Austin, Round Rock and San Marcos, Texas; rate 10.3% general rate: 7.1%
Bridgeport, Stamford, Norwalk, Conn: rate 11.3%; general rate 11.3%
Las Vegas, Paradise, NV; rate 13.4% general rate 14.7%
Seattle, Tacoma, Bellevue, WA: rate 14.2% general rate: 10.6%
Tampa, St.Petersburg, Clearwater FL, rate 14.5%; general rate 11.3%
Charlotte, Gastonia, Rock Hill, NC/SC; rate 15.5% general rate 10.8%
Sunday, January 29, 2012
Occupiers feel that the "leaders are not listening" or paying attention to their concerns about the failing of our country. "The banks have been bailed out but the people have been left out"
Some CEO's have been leaving their corporations with high payoffs:
USA News reports that, "Nabors Industries' former CEO, Gene Isenberg, due $126 million when he exits as chairman, and IBM CEO Sam Palmisano, due $170 million. They follow Google's Eric Schmidt, who received $100 million in stock after leaving as CEO."
"Incoming inequality, global greed" Protesters say that their is less communication, more meetings, the "movement has been given an alienation of their voice". The gap between rich and poor, but what is their next move to have their voice heard and to make changes.
Do they need to enter into politics?
"We speak so much truth, the other candidates, do not make a difference, and we stand to make that difference in real values." This is a comment by occupiers who decided to go out and start feeding the poor.
"We are not going anywhere until you address our grievances" In Tennessee, oppose the rise of taxes to the poor by 3%. "We want a bottom up Democracy". "Our representatives are easily bribed by the rich and the corporations, will you take our bribe to work for us?
The Washington Posts explains that the corporate world sets executive pay known as "peer benchmarking, to keep the talented corporates from leaving. "This is how it’s done in corporate America. At Amgen and at the vast majority of large U.S. companies, boards aim to pay their executives at levels equal to or above the median for executives at similar companies. Amgen's board just decided to give Sharer $21 million annually, a 37 percent increase than the previous year.
Research has found that "90 percent of major U.S. companies expressly set their executive pay targets at or above the median of their peer group. This creates just the kinds of circumstances that drive pay upward."
The Washington Post reports, "Since the 1970s, median pay for executives at the nation’s largest companies has more than quadrupled, even after adjusting for inflation, according to researchers. Over the same period, pay for a typical non-supervisory worker has dropped more than 10 percent, according to Bureau of Labor statistics."
Now do we remember why we still Occupy?