"Secretary of Labor: Elaine Chao-Mein - (She is Chinese)" She is hardly Chinese, http://www.whitehouse.gov/government/chao-bio.html and ethnic remark is totally lack of taste in a forum like this.
Well hopefully the next time Argentina and Brazil default on their debt the chinese alone will bail them out. Somehow I doubt it though.
So, Brazil borrows from US banks, totally screws up and defaults, the IMF bails them out and then SA doesn't like it because the bailout benefits the US banks, not Brazil?? Excuse me but next time try to 1) borrow somewhere else, 2) not screw up so bad you need an IMF bailout. Maybe that would work better??
. lambeosaurus: "Secretary of Labor: Elaine Chao-Mein - (She is Chinese)" She is hardly Chinese, and ethnic remark is totally lack of taste in a forum like this. ************* SouthAmerica: If she is ashamed of her heritage and want to repudiate her roots, then she should arrange to have a plastic surgery to change her face. But remember, the Chinese were a civilized people thousands of years before Europe, and the Americas. The United States has a major crisis related to the creation of jobs, and at the same time today the major American export item to China is good paying American jobs. Besides George Bush could not find a single American born person among 300 million people to be US Labor Secretary. He had to choose a Chinese woman for that job â Look at the mess that she left behind at the âUnited Way of Americaâ when she left that organization. I did not mean to insult your sensibilities, but George Bushâs decision to keep this woman as US Labor Secretary is a major insult to every single person who is unemployed in the United States. That is the âReal Insult.â **************** sputdr: Well hopefully the next time Argentina and Brazil default on their debt the Chinese alone will bail them out. Somehow I doubt it though. ***************** SouthAmerica: You are right about that. If we take as a guide what is happening today here in the US â besides the Chinese it will be necessary also the goodwill of the Japanese government to keep the American economy afloat. Without the Chinese and Japanese governments massive rescue of the US economy today, the US economy would be sinking like the âTitanic.â If you are an American, then you are talking from actual experience. ****************** maxpi: So, Brazil borrows from US banks, totally screws up and defaults, the IMF bails them out and then SA doesn't like it because the bailout benefits the US banks, not Brazil?? Excuse me but next time try to 1) borrow somewhere else, 2) not screw up so bad you need an IMF bailout. Maybe that would work better?? ****************** SouthAmerica: The bailout was in reality a bailout of the major American banks. If they had not put that 2002 bailout together the major US banks were going to lose most of this money. Your statement âBrazil totally screws up and defaultsâ â is not a fair or accurate statement. It is a lot more complex than that, and involves a bunch of things completely out of the control of the Brazilian government. For example: during the decade of the 1990âs Argentina was the poster boy to the world to see it regarding a country that were following all kinds of policies suggested by the US government on how a capitalist country should operate. During that time the Argentinean government privatized even the "Zoo" in Buenos Aires. By the end of the decade the Argentinean government had sold everything in sight; all the patrimony of the Argentinean people. In the early 1990âs when some of the policies adopted by the Argentinean government backfired, the US government abandoned Argentina and let them have a complete collapse and meltdown. Everybody in South America was paying attention, and they still remember the results of what happen to all the countries in the area when you follow the US government suggestions. No wonder, the heads of every government in South America are looking for alternatives somewhere else. But, that Argentinean meltdown had a major impact in all of the other countries economies in that area including Brazil. The Brazilian economic crisis of 2002 was made in America - via Argentina!!!!!!!!!!!!!! By the way, that crisis of 2002 also had a major impact in the economies of Paraguay, Uruguay, Peru, and Chile. .
"The United States has a major crisis related to the creation of jobs, and at the same time today the major American export item to China is good paying American jobs." If the US has a major crisis how do you compare our 5.3% to Germany- 12% France- 11% and your beloved brazil 10% The facts speak for themselves, looks like the US is the only one who knows what it's doing.
. SouthAmerica: Reply to sputdr I wrote an article published in October 2003 that will answer your question regarding how the US government is able to keep unemployment so low in the United States. Brazzil Economics Wednesday, 01 October 2003 âBrazil: How to Reduce Unemploymentâ To improve the unemployment rate in Brazil overnight, the Brazilian government should adopt the same system of counting the unemployed being used by the United States government. It is a simple method that uses several techniques including lies, deception and misinformation. Written by Ricardo C. Amaral Here is an easy strategy for the Brazilian government to adopt immediately, and reduce the Brazilian unemployment rate overnight from 13 percent to a more reasonable rate of 5 percent. On September 25, 2003 Bloomberg News published an article by Guillermo Parra-Bernal saying: "Unemployment rate in Brazil hits 13 percent." The article also said: "Analysts say the rising number puts pressure on President Luiz Inácio Lula da Silva to boost spending and create more jobs. Brazil's jobless rate rose in August, adding to evidence that South America's largest economy is failing to revive after four months of interest rate cuts. â¦President Luiz Inácio Lula da Silva, who won election last year on promises to create jobs and spur economic growth, appealed to Brazilians to have patience. `'We need to keep calm,'' Lula said at a press conference in New York. "The economy will grow.'' â¦The jobless figures mean `'that the president will be under pressure to deliver on his campaign platform faster than expected,'' said Vitali Meschoulam, Latin America director for political risk advisors Eurasia Group in New York. â¦August's unemployment rate matches June's rate, which was the highest since the government began keeping records of its new index in October 2001. Other evidence also points to a weakening economy: Industrial production fell for a fourth month in July and retail sales fell for a fifth month in August." The Easy Fix To improve the unemployment rate in Brazil overnight, the Brazilian government should adopt the same system of counting the unemployed as the system being used by the United States government today. It is a simple method of counting the unemployed, massaging the figures and various other modern techniques, such as: "Lying, Deception, and Misinformation." Today, if the Brazilian government started using the same method of counting the unemployed as the method being used by the US Labor Department, the Brazilian rate of unemployment would go overnight from its current 13 percent rate to a more acceptable rate of 5 percent. And the country can even be losing and exporting millions of jobs to Asia as in the case of the US economy. The financial markets in Brazil should accept the new rate with open arms, as Wall Street accepts the unemployment rate of 6.1 percent as reported by the US Labor Department. I know there is an 8 percent difference between the two rates (from 13 percent to 5 percent), but that is easy to fix, the Brazilian government doesn't need to lie; they just need to add a footnote to the report; saying that 8 percent of the population is not counted as unemployed because they are discouraged and have abandoned their job searches. (This type of misinformation works in the US, and should work in Brazil as well.) If the people in the labor department in Brazil need an actual example of what I am saying, then they should check the US government's unemployment report for July 2003. They just made a footnote to its unemployment report in July 2003 saying that the report did not include 556,000 unemployed people, because the government claims that these people left the labor force. They want people to believe that a large number of job seekers are discouraged and abandoned their searches. Data from the US Labor Department shows that the current unemployment rate in the US is 6.1 percent. Wall Street commemorates the data by sending the stock market up, up and away. But if you make some rational adjustments to the unemployment rate as reported by the US Labor Department, you get a different picture. It is estimated that at least 3 million people are hiding in the disability figures. They had an explosion in the number of people on disability in the last 2 and half years. Another 4 million are not counted because they left the labor force and are considered discouraged workers who abandoned their job searches. If we adjust the unemployment rate for these items, then the US unemployment rate jumps to over 12 percent. If we make further adjustments for the over 2 million people in the prison system in the US, and for the over 6 million people who are underemployed or decided to further their education because they could not find a job, then a more realistic picture appears of the unemployment rate in the United States, with the actual unemployment rate increasing to over 18 percent. There is something here for Brazilians to learn from the Americans, and the Brazilian Labor Department can use the same type of misinformation as the one being used in the US. The Brazilians can reduce the official unemployment rate in Brazil to 5 percent, or they can be even bolder and reduce to 3 percent; the financial markets will not know the difference. If they get away with that type of garbage in the US, the Brazilian government should be able to get away with it as well. That type of misinformation also works for the local numbers as well. For example: the city of São Paulo should not make public that they have an unemployment rate of over 20 percent. They should use a number in the range of 7 to 8 percent. That type of lie works for New York City; I would not be surprised if the real rate of unemployment in New York City is closer or higher than 15 percent. If you are an ethical person you might be thinking that I am a complete idiot for suggesting such a thing. But that is how things work in the United States today, and as a major economic power, the US sets an example for the other countries of the world. The US government fudges their statistics, and they make footnotes to let everybody know that the figures published are not worth much. But people still use the data anyway, as if the data had any value. We have one fraud after another in Wall Street where trillions of dollars in investors' money have been lost in the last few years, and trillions more will be lost in the future. Wall Street has become a fools' paradise, and they have the record to back that up. The US government has lost most of its credibility around the world since the Bush administration took office. It is not a secret that the current administration doesn't make much distinction from good information and garbage; if it is useful information to further their agenda they'll use it. The United States Labor Department It is depressing to think of how far the United States declined in the last three years, it has been a steep decline for such a short time. Contrast the high quality of the people in Bill Clinton's administration, with the pathetic group of people in George W. Bush's administration. President Bill Clinton, one of the best Presidents the United States had in the last hundred years, had a number of high caliber people in his administration including the outstanding members to his economic team such as Treasury Secretary Robert E. Rubin, and his Labor Secretary Robert B. Reich. During the eight years of the Clinton administration the US economy created 23 million new jobs. Labor Secretary Robert B. Reich was one of the stars of that administration and it was hard to miss him, because he was in the news all the time. The economy was growing, creating new jobs and Americans knew whom the Labor Secretary of the United States was. Jeremy Rifkin wrote in one of his published articles: "Former Secretary of Labor Robert Reich, for example, talks incessantly of the need for more highly skilled technicians, computer programmers, engineers, and professional workers. While Secretary, he barn stormed the country urging workers to retrain, retool, and reinvent themselves in time to gain a coveted place on the high-tech express." Even though the United States economy has been going through a severe economic decline and has lost over 3.5 million jobs since George W. Bush became President, I had no idea who the Labor Secretary was in this administration. The current Labor Secretary, must be hiding somewhere in Washington D.C. I asked a number of people who was the Labor Secretary of the current Bush administration, and not a single person knew his name. I do read various newspapers every day including The New York Times, and The Financial Times of London, and I had no idea who was the Labor Secretary in the United States. I had to go to the US Labor Department website to find out who was the invisible Labor Secretary of the Bush administration. I was surprised to find out that the current Labor Secretary was a Chinese-woman called Elaine L. Chao. Now, I am beginning to understand why so many jobs in the United States are being outsourced to Asia. (Maybe there is a connection here.) Copyright © 2003 All rights reserved. By: Ricardo C. Amaral Author / Economist brazilamaral@yahoo.com Published on Brazzil magazine at: http://www.brazzil.com/content/view/1073/27/ .
. June 16, 2005 SouthAmerica: The May 16, 2005 issue of âFortuneâ magazine had a cover story â50 and Fired - â¦is bad enough. But now out-of-work execs are facing a permanent vacation.â The article said: âGetting fired during your peak earning years has always been scary. Youâd scramble for a few months, but youâd find something. Today itâs different. Get fired and you can scramble for years - and still find nothing. Welcome to the cold new world of the prematurely, involuntarily retired.â The article also said: â that 3.5 million people between the ages of 40 and 58 vanished from the American workforce from 2001 to 2004. Thatâs about 5 percent of all baby boomers.â These are not blue-collar workers, these are people of high caliber and a very well educated bunch of people, seasoned and ready to go. Most of these people are trying desperately to keep up appearances: âYou go into upscale suburbs, and what you see is lots of guys with laptops and cellphones, trying to look busy at the Starbucks.â The article also quoted Paul Kostek of the Institute of Electrical and electronics Engineers-USA. â¦A November survey of 983 IEEE-USA members, median age 49, found that 42 percent were unemployed. The US government and the US population are in denial, but we have a major crisis going on in the United States regarding the unemployment today. Some day in the near future Americans will have a reality check regarding the very serious growing unemployment problem in the US. .
Freaking idiots must have outsourced all their employees to India and China. Now they have nobody to manage, no wonder they are getting laid off. What did they expect, cheap clothing at Walmart? They can have it now. Here is the whole article: http://www.mutualofamerica.com/articles/Fortune/May2005/Fortune.asp
There are several problems with ommission of facts in the article. 1. It ignores the survey of the self employed. 2. It ignores that people can collect and then become retired to collect SS. 3. Everybody knows how anti-us brazil is. I fully agree with you though, the US is in decline. The major problem with it is that when the US declines the rest of the world does too and much much worse. and if you think China is gonna save you, think again. They don't care about their own people, what makes you think they care about you brazillians?
This is incredible! This guy southamerica (a comunist) is saying that Chavez is helping the poor in venezuela??? jajajajajajajajajajaja Bro, there's 7 million poor people in venezuela since Chavez took power... Unemployment is at its highest level in 50 years!! the PDVSA is totaly broke Now since he became president taxes are over 60% overthere everytihing is a big mess and you're saying that he's helping the poor??? NO my man, He's Helping Himsefl!! That's why His family Now own Citgo gas stations in miami and central america.. let me tell you a thing man... While Chavez talks craps on TV against the US At the other hand Chavez gave 60 billion dollar contract to US Oil companies.. Only in the Orinoco region Chavez gave a 20 Billion dollar contract to ExxonMobil... Chavez is not more than a US puppet, that's why Washington put him out and in jus t 48 hours.. Politics is the Art of what you CAN'T see.. PD: if you think that US is loosing economic,military political influence. then my man you need to stop smoking weed.. be real..... its Unbelievable how in the 21 century there's still socialist people in southamerica!! maybe that's why its the 3 world.. they haven't stop thinking with the stomach.. BTW, if you haven't notice, China is becoming Capitalist...