Risk and Reality with Dr. Franco OboniWhere do we stand now?
A review of the recent world media and cursory gathering of factual data on jobs losses lead us to say that we are at the beginning of GP state (see definition above).
The U.S. unemployment rate increased to 9.5% by June 2009, the highest rate since 1983 and roughly twice the pre-crisis rate. It is now reportedly above 10%. Similar increases are happening in France and other European countries.
Several countries including the US are operating severe cuts in all non vital areas, health programs (let's see what will happen in the US), reduction of salaries (or benefits) of public officers. Protests, criminality increase, and some violence are rampant; as an example, the 2009 May Day protests, a series of international protests that have taken place across Europe, Asia and in the other parts of the world over the current global economic crisis turned violent in Germany, Turkey and Venezuela as riot police battled protesters in their respective countries.
[Series To Be Continued]
- This article was written by internationally-acclaimed risk evaluation expert Dr. Franco Oboni, and edited by Douglas Castle for The National Networker Newsletter.
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