The Lost Generation

October 10th, 2009

Via: Business Week:

Bright, eager—and unwanted. While unemployment is ravaging just about every part of the global workforce, the most enduring harm is being done to young people who can’t grab onto the first rung of the career ladder.

Affected are a range of young people, from high school dropouts, to college grads, to newly minted lawyers and MBAs across the developed world from Britain to Japan. One indication: In the U.S., the unemployment rate for 16- to 24-year-olds has climbed to more than 18%, from 13% a year ago.

For people just starting their careers, the damage may be deep and long-lasting, potentially creating a kind of “lost generation.” Studies suggest that an extended period of youthful joblessness can significantly depress lifetime income as people get stuck in jobs that are beneath their capabilities, or come to be seen by employers as damaged goods.

Equally important, employers are likely to suffer from the scarring of a generation. The freshness and vitality young people bring to the workplace is missing. Tomorrow’s would-be star employees are on the sidelines, deprived of experience and losing motivation. In Japan, which has been down this road since the early 1990s, workers who started their careers a decade or more ago and are now in their 30s account for 6 in 10 reported cases of depression, stress, and work-related mental disabilities, according to the Japan Productivity Center for Socio-Economic Development.

When today’s unemployed finally do get jobs in the recovery, many may be dissatisfied to be slotted below people who worked all along—especially if the newcomers spent their downtime getting more education, says Richard Thompson, vice-president for talent development at Adecco Group North America, which employs more than 300,000 people in temporary positions. Says Thompson: “You’re going to have multiple generations fighting for the jobs that are going to come back in the recovery.”

What’s more, the baby boom generation is counting on a productive young workforce to help fund retirement and health care. Instead, young people risk getting tracked into jobs that don’t pay as well, says Lisa B. Kahn of the Yale School of Management. That would mean lower tax payments for Social Security and Medicare.

Only 46% of people aged 16-24 had jobs in September, the lowest since the government began counting in 1948. The crisis is even hitting recent college graduates. “I’ve applied for a whole lot of restaurant jobs, but even those, nobody calls me back,” says Dan Schmitz, 25, a University of Wisconsin graduate with a bachelor’s degree in English who lives in Brooklyn, N.Y. “Every morning I wake up thinking today’s going to be the day I get a job. I’ve not had a job for months, and it’s getting really frustrating.”


The World’s Largest Shopping Mall — Is Empty

October 10th, 2009

Must see. Beyond must see, especially for connoisseurs of the surreal and the absurd.

Via: PBS:

Is nothing American sacred anymore? The largest mall in the world turns out not to be the famous Mall of America in Bloomington, Minn. It’s the South China Mall outside of Guangzhou, China. Outdoing the techniques of American consumerism, South China Mall is Disneyland, Las Vegas and Mall of America rolled into one. There are carnival rides, mini-parks, canals and lakes amid classic Western-style buildings with space for hundreds of shops.

…

And four years after its construction, the mall sits virtually empty of both shops and shoppers. But the Chinese have imported yet another concept familiar to Americans — South China Mall is considered too big to fail. So, employees line up for flag-raising ceremonies and pep talks about “brand building” before going off to maintain the deserted concourses meticulously.


TARP Deadbeats

October 10th, 2009

Via: Reuters:

Thirty-three TARP recipients missed a scheduled dividend payment to taxpayers last month, according to the Treasury Department, including 18 banks that missed a payment for the first time. It’s a powerful indication that the U.S. banking system remains troubled. And it throws cold water on talk that taxpayers are “making money” on the bailout.


China Detects Sarin Gas Along Border with North Korea

October 10th, 2009

Via: AFP:

China has detected deadly nerve gas at its border with North Korea and suspects an accidental release inside the secretive state, a Japanese news report said Friday.

The Chinese military is strengthening its surveillance activities after detecting the highly virulent sarin gas in November last year and in February in Liaoning province, the Asahi Shimbun newspaper reported, citing anonymous sources from the Chinese military.

Sarin gas, which was developed in Germany before World War I, was used in the deadly 1995 nerve gas attack on the Tokyo subway by a doomsday cult.

The Chinese special operations forces found 0.015-0.03 microgrammes of the gas per cubic metre when they were conducting regular surveys while there were winds from the direction of North Korea, the report said.

China suspects that there were some experiments or accidents in its neighbouring country, it said.


U.S. Government Considers Dealings with Telecommunications Companies as “Intra-Agency”

October 9th, 2009

att.gov?

Via: Wired:

The Department of Justice has finally admitted it in court papers: the nation’s telecom companies are an arm of the government — at least when it comes to secret spying.

…

The feds argued that the documents showing consultation over the controversial telecom immunity proposal weren’t subject to the Freedom of Information Act since they were protected as “intra-agency” records:

“The communications between the agencies and telecommunications companies regarding the immunity provisions of the proposed legislation have been regarded as intra-agency because the government and the companies have a common interest in the defense of the pending litigation and the communications regarding the immunity provisions concerned that common interest.”

Directly Related: Wiring Up The Big Brother Machine…And Fighting It by Mark Klein


NYPD Tracking Cell Phone Owners

October 9th, 2009

Via: New York Post:

The NYPD is amassing a database of cell phone users, instructing cops to log serial numbers from suspects’ phones in hopes of connecting them to past or future crimes.

In the era of disposable, anonymous cell phones, the file could be a treasure-trove for detectives investigating drug rings and other criminal enterprises, police sources say.

“It’s used to help build cases,” one source said of the new initiative.

“It doesn’t replace the human element, like debriefing prisoners, but it’s another tool to use that we didn’t have in the past.”

A recent internal memo says that when cops make an arrest, they should remove the suspect’s cell phone battery to avoid leakage – then jot down the International Mobile Equipment Identity number.

The IMEI number is registered with the service provider whenever a call is made.

And that data could allow a detective to match, for example, a cell phone used by one suspect to a phone used by another.

There are limits to the data’s usefulness – all Chinese-made cells sold in India have the same number and some overseas cells are embedded with fake numbers.

Still, civil libertarians are alarmed by the new policy since normally a warrant is needed to obtain information such as calls made or numbers in an address book.

New York Civil Liberties Union associate legal director Christopher Dunn said it appears the NYPD is “taking phones apart to get information” without warrants.

“It’s hard to believe they feel there’s a real need to take out the battery to prevent leakage,” he said. “Instead, it looks like they’re doing this to circumvent the warrant process.”

The cell phone information joins another database of more than 20 million 911 callers that the NYPD has been building. It has paid off.

In one case involving a 911 call, detectives solved a burglary pattern after the suspect left a slip of paper with his cell number on it at a crime scene, Deputy Commissioner Paul Browne said.

The phone was disposable so no owner information was available, but police were able to track it to the suspect because he had used it to make a 911 call after he was assaulted.

The NYPD started collecting 911 data for incidents involving a police response in 2003. Four years ago, it began putting the information into its new computer nerve center, the Real Time Crime Center.


Fly, Colt, Fly: Police Suspect ‘Barefoot Burglar’ is Stealing, Crashing Planes

October 9th, 2009

The kid should have become a CEO of a large, crooked corporation. Then he would have been rewarded with taxpayer funded bonuses for his sociopathic behavior…

Hmm. Why aren’t hundreds of cops and helicopters, etc. trying to apprehend those CEOs for doing pretty much the same thing as Colton “Colt” Harris-Moore, but on a planetary scale?

In any event, the product placement on this one is incredible.

“Harris-Moore…posed in a shirt with a telltale Mercedes-Benz insignia.”

Via: CNN:

Who is stealing — and crashing — airplanes in Washington state?

The 18-year-old man police call the prime suspect does not have a pilot’s license. But he does have a nickname — “The Barefoot Burglar” — and a Facebook fan club, which compares him to Jesse James “without the murders” and exhorts: “Fly, Colt, Fly.”

Police say Colton “Colt” Harris-Moore has been linked to crimes in five counties involving planes, luxury cars and boats. He’s known to alternate between squatting in vacant vacation homes, which he allegedly burglarizes, and roughing it in the woods.

Since November, police say, at least three small, private planes have been stolen and flown away. The latest to go missing crash-landed last week in a clearing in Granite Falls, Washington, after running out of fuel, police said.

The rough landing damaged the Cessna 182, which along with its instruments is worth more than $500,000. But authorities said the plane’s pilot appears to have walked away unhurt.

Harris-Moore has not been charged in any of the plane thefts. But authorities are testing vomit found in the cockpit of one plane to see whether they can place the teen inside.

Harris-Moore has been on authorities’ radar for years. “Colt,” as he is called, was first arrested for burglary at age 12, said Detective Ed Wallace, a spokesman for the Island County Sheriff’s Office. The break-in at a local school earned Colton a few weeks in a juvenile facility, Wallace said.

Local media reports tally nine arrests for Harris-Moore before the age of 15. Now police in five counties in Washington state are looking for him.


Obama Awarded 2009 Nobel Peace Prize

October 9th, 2009

I thought that this was a hoax, and that, if I left it alone for an hour, all the media will have to admit that they got punked by 4chan or something similar… Nope. It’s real.

And, well, why not? Obama is only perpetuating two illegal wars and a global network of 737 military bases.

Oh yeah, let’s keep in mind what war criminal/Nobel Peace Prize recipient Henry Kissinger said about Obama:

Via: CNN:

President Obama was awarded the 2009 Nobel Peace Prize on Friday.

The first African-American to win the White House, Obama was praised by the Norwegian Nobel Committee for “his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.”

“Only very rarely has a person to the same extent as Obama captured the world’s attention and given its people hope for a better future,” the committee said. “His diplomacy is founded in the concept that those who are to lead the world must do so on the basis of values and attitudes that are shared by the majority of the world’s population.”

The committee also said Obama has “created a new climate in international politics.”

The announcement came as a surprise — Obama’s name had not been mentioned among front-runners — and the roomful of reporters in Oslo, Norway, gasped when he was named.

In his short time in office, Obama has acted on a wide range of issues from the economy to terrorism and wars in Afghanistan and Iraq.


Geither and “A Revelation Likely to Fuel Conspiracy Theorists”

October 9th, 2009

Via: Times Online:

President Barack Obama has “tremendous confidence” in Timothy Geithner, the US Treasury Secretary, even though he has spoken to executives from Citigroup, Goldman Sachs and other banks more than 80 times in his first seven months in office, the President’s spokesman Robert Gibbs said last night

A Freedom of Information request by Associated Press revealed that Mr Geithner had spoken most often to Lloyd Blankfein, having met or spoken to the chief executive of Goldman Sachs more than 15 times between January and July – a revelation likely to fuel conspiracy theorists who believe that the bank has an undue influence on Government policy.

Associated Press speculated that Mr Geithner’s closeness to the banks could be considered inappropriate given that his department oversaw the sector’s bailout with billions of dollars of taxpayers’ funds and plays a role in the banks’ regulation.

Mr Gibbs said: “Secretary Geithner is somebody who has helped steer the financial sector back to stability and has worked on a range of issues and will be heavily involved in regulatory reform as we go forward.”


10,000 Applicants for 90 Factory Jobs

October 9th, 2009

Via: Courier Journal:

In the latest sign of weakness in Louisville-area employment, about 10,000 people applied over three days for 90 jobs building washing machines at General Electric for about $27,000 per year and hefty benefits.

The jobs dangle medical, eye care, prescription and dental benefit packages, as well as pension, disability, tuition assistance and more, said GE spokeswoman Kim Freeman. And despite the recession, no union workers have been laid off from Appliance Park since the company negotiated lower wages with workers in 2005.

“There are no jobs out there paying these kinds of wages that also offer these kind of benefits,” said Jerry Carney, president of IUE-CWA Local 761 at Appliance Park.

Just four years ago, the same jobs paid $19 per hour. But that was before Local 761 approved wage cuts for new workers aimed at preventing the closure of Appliance Park.

“People still value these jobs,” Freeman said.

With the Jefferson County unemployment rate at 10.6 percent in August and more than 38,000 unemployed people looking for work, the opportunity for moderate pay and health care was an attractive lure.

“In this recession, there are lot of people who are just about to run out of unemployment benefits,” said Richard Hurd, a labor relations professor at Cornell University. The national average of time unemployment benefits collected now stands at 26 weeks, Indiana University Southeast Professor of Business Uric Dufrene said.

That’s about a third of the maximum that can currently be collected.

Larissa Roos, 38, never worked in a factory, but was one of the thousands who bid on jobs assembling appliances.

Until she was laid off from Bank of America in February, Roos said she made $18 per hour fielding calls, often from irritated merchants, about credit card glitches. Roos took that job just out of high school. But severance payments end this month, and Roos said she is looking everywhere to try to replace the income.

“I need something so I can live day to day. The job market is horrible,” Roos said Thursday, adding the family relies on her husband’s job as a printer to pay the mortgage on their Fern Creek home as well as utility, fuel and other bills.


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