Sunday, October 31, 2010
U.S.A. - Where did all the jobs go ?
Globalization and U.S. Employment
It's time for the U.S. Midterm Elections, and President Obama
finds himself in an akward position. Even though he has reached
a compromise in his healthcare reform and brought initiatives on
their way to stop the financial crisis, he is steadily losing voters,
due to increasing unemployment that is above all hitting his Afro-
American supporters. Even the "American Dream" seems to be
damaged for those who are desperately looking for a job in one
of the most developed countries in the world.
But jobs did not simply vanish; instead, they have gone abroad to
all those people who are willing "to work more for less". That effect
of globalization could be predicted and handled if it had not been
accelerated by an unexpected global financial crisis and by national
development in China and India where an own infrastructure of
highly skilled workers and employees came into being.
It's a CNN feature that makes us understand what has happened in
the U.S. and what might influence European economy as well sooner
or later. Four CEOs, representing powerful U.S. companies like
Coca Cola, IBM, the world's greatest Aluminium smelter Alcoa and
Google, tell us what has happened in the frame of an unrestricted
Another feature, produced by AL-Jazeera, is dealing with Obama's
Federal Stimulus Act that was intended to boost small enterprises
in areas characterized by high unemployment. Here, it seems that
government stimulus helped in some cases while others are doomed
because the stimulus plan ended too early for them after the U.S.
Congress showed itself unwilling to extend that program.
Further News of the Day:
As both, the U.S.A. and the European Union, are on the alert
because of explosive parcels from Jemen reaching their countries
via UPS cargo planes, the Jemenite government now decided to
investigate that affair. On October 30, the Jemenite president
declared that the residence of one suspect has been besieged
by Jemenite security forces (picture 1 below). The UPS office
in Sanaa, capital of Jemen, has been closed (picture 2 below).
In the meantime, the German government decided to stop all
passenger and cargo flights from Jemen and ordered to search
every item that has already arrived.
Latest news from November 1st have it that a 22-year-old woman
and who had been arrested as a suspect the day before has been
released only some time later. Jemenite efforts are now concentrated
on hunting Ibrahim Hassan al-Asiri (picture 3 below), regarded as
"Al-Qaeda's senior bombmaker" in Jemen while he is still at large
in an area of the country that is difficult to be controlled by regular