Monday, September 22, 2008
O'Donnell on Hiring During a Lockout, California Unemployment, Prescient Books, and the Lack of a Worker and Consumer Buyout
Although our paper is precipitously shrinking in content, some important news is still being covered: "8 indicted over hiring during Ralphs lockout."
And the bad news: "California unemployment rate soars to 7.7% in August: The jump from 7.4% in July puts the state in a tie with Mississippi for the third-highest jobless rate in the U.S."
Fortunately, we have Kevin Phillips to help us put all this in proper perspective within the bigger picture.
As Phillips noted yesterday evening in conversation with Bill Moyers, workers and consumers aren't being bailed out....
Good stuff (or should I say bad stuff), Patrick, but thanks for bringing this all to our reader's attention.