Charting Poverty In Ferguson: Then And Now
Submitted by Tyler Durden on 08/17/2014 17:05 -0400
While there have been many socio-economic 'explanations and justifications' for the recent events in Ferguson, many of which have exceeded the realm of the factual and have brazenly encroached on feelings, emotions, heartstrings, and various other of the media's favorite manipulative mechanisms to achieve a desired outcome, the unpleasant reality is that much of what has transpired not only in the small 21,000-person St. Louis suburban community, but what is taking place across all of America has to do with a far simpler phenomenon: the rise of poverty and the destruction of America's middle class.
Here are some facts:
Ferguson has been home to dramatic economic changes in recent years. The city’s unemployment rate rose from less than 5 percent in 2000 to over 13 percent in 2010-12. For those residents who were employed, inflation-adjusted average earnings fell by one-third. The number of households using federal Housing Choice Vouchers climbed from roughly 300 in 2000 to more than 800 by the end of the decade.
Amid these changes, poverty skyrocketed. Between 2000 and 2010-2012, Ferguson’s poor population doubled. By the end of that period, roughly one in four residents lived below the federal poverty line ($23,492 for a family of four in 2012), and 44 percent fell below twice that level.
These changes affected neighborhoods throughout Ferguson. At the start of the 2000s, the five census tracts that fall within Ferguson’s border registered poverty rates ranging between 4 and 16 percent. However, by 2008-2012 almost all of Ferguson’s neighborhoods had poverty rates at or above the 20 percent threshold at which the negative effects of concentrated poverty begin to emerge. (One Ferguson tract had a poverty rate of 13.1 percent in 2008-2012, while the remaining tracts fell between 19.8 and 33.3 percent.)
Below are charts of Ferguson poverty in 2000 and 2012:
Then: Census Tract-Level Poverty Rates in St. Louis County, 2000
and Now: Census Tract-Level Poverty Rates in St. Louis County, 2008-2012
The biggest concern, however, is that Ferguson is merely the canary in the coal mine. According to Brookings, within the nation’s 100 largest metro areas, the number of suburban neighborhoods where more than 20 percent of residents live below the federal poverty line more than doubled between 2000 and 2008-2012.Almost every major metro area saw suburban poverty not only grow during the 2000s but also become more concentrated in high-poverty neighborhoods. By 2008-2012, 38 percent of poor residents in the suburbs lived in neighborhoods with poverty rates of 20 percent or higher. For poor black residents in those communities, the figure was 53 percent.
Martin Armstrong Warns "We Are Witnessing The Collapse Of Democracy"
Submitted by Tyler Durden on 08/15/2014 22:00 -0400
Submitted by Martin Armstrong via Armstrong Economics blog,
Part of the war cycle is just the general feeling or attitude shifts due to economics. We seem to be headed for such a fateful turn.
The police domestically have turned militaristic.
This is a very serious issue far beyond what most people would even guess. It tends to show the changing attitudes within society.
Couple this with Obama who seems to think he was elected to start a war. We are approaching a serious turning point that may reshape the world as did 1932 following the economic trend of the Great Depression.
We are witnessing the collapse of democracy or to put it in the proper perspective – the right of the people to vote even in a republic. Europe is hell-bent on removing any democratic process because Brussels believes they know best and the people are just too stupid to know what is best for them.
NAFTA Is 20 Years Old – Here Are 20 Facts That Show How It Is Destroying The Economy
Submitted by Tyler Durden on 08/15/2014 20:36 -0400
Submitted by Michael Snyder of The Economic Collapse blog,
Back in the early 1990s, the North American Free Trade Agreement was one of the hottest political issues in the country. When he was running for president in 1992, Bill Clinton promised that NAFTA would result in an increase in the number of high quality jobs for Americans that it would reduce illegal immigration. Ross Perot warned that just the opposite would happen. He warned that if NAFTA was implemented there would be a "giant sucking sound" as thousands of businesses and millions of jobs left this country. Most Americans chose to believe Bill Clinton. Well, it is 20 years later and it turns out that Perot was right and Clinton was dead wrong. Butnow history is repeating itself, and most Americans don't even realize that it is happening. As you will read about at the end of this article, Barack Obama has been negotiating a secret trade treaty that is being called "NAFTA on steroids", and if Congress adopts it we could lose millions more good paying jobs.
It amazes me how the American people can fall for the same lies over and over again. The lies that serial liar Barack Obama is telling about "free trade" and the globalization of the economy are the same lies that Bill Clinton was telling back in the early 1990s. The following is an excerpt from a recent interview with Paul Craig Roberts...
I remember in the 90′s when former Presidential candidate Ross Perot emphatically stated that NAFTA (North American Free Trade Agreement) would create a giant “sucking sound” of jobs being extracted away from the U.S. He did not win the election, and NAFTA was instituted on Jan. 1, 1994. Now, 20 years later, we see the result of all the jobs that have been “sucked away” to other countries.According to an article by the Economic Policy Institute on 1/3/14:“Clinton and his collaborators promised that the deal would bring “good-paying American jobs,” a rising trade surplus with Mexico, and a dramatic reduction in illegal immigration. Considering that thousands of kids are pouring over the border as we speak, well, how’d that work out for us?
Many Americans like to remember Bill Clinton as a "great president" for some reason. Well, it turns out that he was completely and totally wrong about NAFTA. The following are 20 facts that show how NAFTA is destroying the economy...
#1 More than 845,000 American workers have been officially certified for Trade Adjustment Assistance because they lost their jobs due to imports from Mexico or Canada or because their factories were relocated to those nations.
#2 Overall, it is estimated that NAFTA has cost us well over a million jobs.
#12 Overall, the United States has lost a total of more than 56,000manufacturing facilities since 2001.
#13 Back in the 1980s, more than 20 percent of the jobs in the United States were manufacturing jobs. Today, only about 9 percentof the jobs in the United States are manufacturing jobs.
#14 We have fewer Americans working in manufacturing today than we did in 1950 even though our population has more than doubled since then.
#15 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, only 65 percent of all men in the United States have jobs.
#18 When adults cannot get decent jobs, it is often children that suffer the most. It is hard to believe, but more than one out of every five children in the United States is living in poverty in 2014.
#19 In 1994, only 27 million Americans were on food stamps. Today, more than 46 million Americans are on food stamps.
Freedom's just another word for nothing left to lose....