Tagged: Depression

“The easy money antics of the Federal Reserve and other central banks are delusional and bound to lead to a global crack-up, according to Yale University economist Stephen Roach. Roach, former chairman of Morgan Stanley Asia, suggested the ‘big bazooka’ of quantitative easing has led to inflation of assets like stocks and encouragement of currency depreciation — ingredients for disaster. ‘The world economy is in the grips of a dangerous delusion,’ he declared in a column for Project Syndicate. ‘Not only have wealth and currency effects failed to spur meaningful recovery in post-crisis economies, they have also spawned new destabilizing influences that threaten to keep the global economy trapped in a continuous series of crises.'”

It can’t be too much longer before “it all falls down”…

Source: John Morgan. “Stephen Roach: Fed Is Laboring Under a ‘Dangerous Delusion.'” Newsmax. May 4, 2015. http://www.newsmax.com/Finance/StreetTalk/Roach-Fed-economy-policy/2015/05/01/id/642078/.

“Although I am a typical loner in my daily life, my awareness of belonging to the invisible community of those who strive for truth, beauty, and justice has prevented me from feelings of isolation.” — Albert Einstein

“‘America is coming back,’ President Obama declared late last month, touting strong job creation and rising wages. ‘We’ve risen from recession.’ But for Ferguson, Missouri – and black America as a whole – the recovery still hasn’t come. ‘Black unemployment rates are still at the height of the national unemployment rates during the Great Recession,’ the Center for Popular Democracy’s Connie Razza told msnbc. ‘We’re still in a recession in black America.'”

Source: Jane C. Timm. “Economic Recovery? Not For Ferguson or Black America.” msnbc. March 13, 2015. http://www.msnbc.com/msnbc/economic-recovery-not-ferguson-and-black-america.

the Wall Street Journal reports that “[u]nemployment fell in every state and the nation’s capital last year—something that ha[s]n’t happened since 1984,” but makes absolutely no mention of the FACT that the LABOR PARTICIPATION RATE is at a 36-year LOW!!!!

These unemployment figures are not accurate and they know it, yet they keep misleading the American people into believing that our economy is IMPROVING! This is what you call FRAUD…and IRRESPONSIBLE JOURNALISM on the part of Josh Mitchell and the WSJ.

Source: Josh Mitchell. “For the First Time in 30 Years, Unemployment Fell in Every State in 2014.” Wall Street Journal. March 4, 2015. http://blogs.wsj.com/economics/2015/03/04/for-the-first-time-in-30-years-unemployment-fell-in-every-state-in-2014/; Compare with Ali Meyer. “Labor Force Participation Matches 36-Year Low; 92,898,000 Out of Labor Force.” CNS News. January 9, 2015. http://cnsnews.com/news/article/ali-meyer/labor-force-participation-matches-36-year-low-92898000-out-labor-force; See also, Allison Schrager. “Why Labor Force Participation Is Still So Low.” Bloomberg. January 19, 2015. http://www.bloomberg.com/news/articles/2015-01-19/why-labor-force-participation-is-still-so-low.

“The head of the Gallup polling firm recently backpedaled on his claim that the official unemployment rate being trumpeted by the White House, Wall Street and the media is a ‘big lie.’ Jim Clifton, the Chairman and CEO of Gallup, recently told CNBC that he was worried he might ‘suddenly disappear’ if he disputed the accuracy of what the U.S. government is reporting as unemployed Americans, Wall Street on Parade reported. ‘I think that the number that comes out of BLS [Bureau of Labor Statistics] and the Department of Labor is very, very accurate. I need to make that very, very clear so that I don’t suddenly disappear. I need to make it home tonight.'”

I’ve been saying these unemployment stats are being manipulated and are not a true reflection of how bad things truly are with our economy for quite some time. I began to feel this way after I saw the African American unemployment rate miraculously improved for blacks a month after it was reported that Af. Am. unemployment reached a 27 year peak at 16.7 percent in August of 2011. [I thought this was strange due to the fact that the Obama administration took no explicit measures to address this issue.] Over the last three and a half years, the unemployment rate for African Americans has steadily declined and is currently at 10.3 percent. Now that the CEO of a company well known for conducting polls has said something similar and then downplayed his statements (out of fear) is all the proof I need to know that we are all being lied to when it comes to the overall health of the American economy. Don’t be surprised when they start saying we’re in a “Depression” again…

Source: “Gallup CEO: I May ‘Suddenly Disappear’ For Telling the Truth About Obama Unemployment Rate.” MoneyNews. February 8, 2015. http://www.moneynews.com/StreetTalk/unemployment-rate-big-lie-barack-obama-gallup/2015/02/08/id/623489/?ns_mail_uid=55914059&ns_mail_job=1607371_02092015&s=al&dkt_nbr=tjhwtgu6.

almost near the 9,000 word limit for this petition for a writ of certiorari. off to a great start!! i know the republican appointed justices on the supreme court are not going to like it…and they comprise a 5-4 majority. *kanye shrug* lol.

read WME’s Premotion Letter to P. Kevin Castel Seeking a Filing Injunction Against Marcus I. Washington.

How could any non-racist and non-corrupt institution proclaiming to administer justice impartially, allow William Morris and Loeb & Loeb LLP to continue engaging in highly unethical and criminal conduct without any repercussions?

In a similar fashion to the lies contained in Arbitrator Timothy K. Lewis’s fraudulent Order dismissing my case with prejudice, Loeb & Loeb LLP also intentionally misrepresent that I did not submit a response to their Motion to Terminate. [meeting of the mind] This is a blatant LIE because both parties received confirmation e-mails from Carol Placella of the AAA, stating that the two e-mails that I asked to serve as my response (dated March 15th and 19th), were forwarded to Lewis. Although they discuss Lewis’ adverse Orders, they also continue to omit the fact that Timothy K. Lewis was unlawfully appointed and that he unlawfully vacated the Partial Final Award of the original arbitrator, David L. Gregory. This just adds to the list of their ethical violations under the New York Rules of Professional Conduct and is further reason why Zweig and his co-conspirators need to be sanctioned, disbarred and imprisoned.

I wonder how many days it will take P. Kevin Castel to respond to William Morris’ Motion (Docket No. 47). I ask because the arguments raised in their “letter” diametrically opposes the arguments made in support of my Em. Motion to Disqualify and Motion for Reconsideration and only one party is telling the truth. My Motion for Reconsideration (Docket No. 46) — a pleading which addressed the pattern of “fraud upon the Court” engaged in by Loeb & Loeb LLP and sought their disqualification, amongst other things — was submitted on April 11, 2014 and is still awaiting a decision. Castel also refused to acknowledge those arguments, as well as the evidence in support of those arguments, when he issued his March 27, 2014 Order (Docket No. 43) refusing to disqualify himself in response to my March 17, 2014 Emergency Motion to Disqualify (Docket No. 40). As a matter of law, only the court can decide a motion which seeks the disqualification of a law firm. When I gave Castel notice that I would be filing this Motion, he instructed me not to after Loeb & Loeb LLP submitted a letter response. When I filed the exhaustive Em. Motion to Disqualify, Castel ignored all arguments made against Loeb & Loeb LLP, Michael P. Zweig and Christian Carbone (similar to Republican appointed federal judge Robert P. Patterson in Leonard Rowe’s case), while instructing ME to continue arbitrating the case in “good faith.” When I brought these intentional omissions to Castel’s attention and requested an oral hearing on March 28, 2014 (Docket No. 44), he stated in a handwritten note on April 2, 2014 (Docket No. 45), that my request for an oral hearing was “moot” and again, refused to address the serious accusations that Loeb & Loeb LLP and its attorneys were engaging in a pattern of “fraud upon the Court” on William Morris’ behalf,  so that ultimately, the merits of these legitimate civil rights cases could never be heard in a public forum and decided by an impartial jury.

At this stage, I am left with no other choice than to sue all parties responsible for conspiring to interfere with the human rights of people of African descent and depriving me of my rights under the color of law. Nearly four years of my life have been wasted fighting against a law firm that should have never been allowed to represent William Morris based on what occurred in Rowe and this Republican appointed, racially biased judge cannot give himself the authority to decide whether or not I can sue him (as well as the other parties named) for depriving me of my constitutional, statutory and God-given rights under the color of law.

An impartial jury must correct this manifest injustice. If not, our nation’s democracy is nothing more than a hypocrisy.

PLEASE hurry up and issue your fraudulently procured “FINAL” decision, so this case – as well as my complaint against Loeb & Loeb LLP and the AAA – can officially go back to the Southern District of New York.

If God made man in his own image,  and the first man on this planet was black and from Africa, what color would God be? White? LMAO! #FUCKracism

“United States government figures which revealed that 26 percent of male Negro youths were unemployed during July of 1964. The jobless rate among Negro male youth for all of 1963 was 25.4 per cent, nearly twice as high as the figure among their white counterparts.” “The unemployment rate for black youth reached a high of 49.1 percent in November 2009 and as of January 2012 had fallen to 38.5 percent.”

50 years later, the unemployment rate disparities between blacks and whites in America is still the same — at least based on the numbers provided to us by the government. This means, things are actually worse than what’s reported. What’s conveniently omitted from the conversation on employment is that we are typically over-represented in lower skilled, lower waged positions in this country.

Sources: Herbert Hill. Racial Inequality in Employment: The Patterns of Discrimination. The ANNALS of the American Academy of Political and Social Science. 357:30, 32 (1965); http://www.dol.gov/_sec/media/reports/blacklaborforce/.

new york times falsely reports that U.S. unemployment at “4-year low,” as African American unemployment for teens skyrockets to 43.1 percent!

The U.S. unemployment rate fell to 7.7 percent in February, the Labor Department reported on Friday. That’s still rather high, but it’s nothing compared to what black teens are grappling with: an unemployment rate that grew to 43.1 percent.

That’s higher than when the recession ended. It’s also substantially higher than in November 2007, right before the recession started. Back then, the black teen unemployment rate — teen being defined as anyone between the ages of 16 and 19 years old — was 28.9 percent, according to Labor Department data.

(An alternative measure paints the same bleak picture: Just 15.6 percent of black teens had a job in February, down from 21.2 percent before the recession started, according to the Labor Department.)

For years, the black teen unemployment rate has been roughly double that of white teens. The overall teen unemployment rate was 25.1 percent in February, up from 16.2 percent right before the recession started.

Source: http://www.huffingtonpost.com/2013/03/08/black-teen-unemployment_n_2836816.html?utm_hp_ref=business and http://www.nytimes.com/2013/03/09/business/economy/us-added-236000-jobs-in-february.html?hp&_r=0.