Keeping Track Of Economic News

William Maclean wrote "Oil prices will stay at current high levels for the rest of this year due to speculation and geopolitical tensions, Algerian state media on Monday reported OPEC President Chakib Khelil as saying."

To say that the money financial news reporters are the historians of our time would be a fair assumption. For the past seven years of GW Bush, I have read many articles from news websites: abcnews.go.com, CNN.com, MSNBC.com, cbsnews.com on different stories on the economy yet there always seemed to be a glimmer of hope. I have even read news reports of associated press and Reuters news service from websites like yahoo, msn, google. Each time there were signs in the articles that the economy was not doing well, but there was always a statement added that it could turn around for the better.

However with the current stories of our economy continuing on the decline with our shrinking green money I can't help but notice that in this new found world economy created by the most wealthiest in the world just how much the value of a single worker or human being has also declined as well. Big business and employers don't even bat an eye when they lay off and fire workers to balance the companies budget. It seems the more experienced and skilled knowledge the workers have, they end up being the first to go. I even heard on CNN a money news reporter suggest that the manager of manufacturing may find it necessary to retrain for the High Tech jobs.

Only retraining to go into the High Tech jobs would end up being a mistake. That CNN news reporter must have been asleep when a lot of the High Tech jobs were being Out Sourced to India, leaving a lot of highly skilled, educated with degrees, experienced and knowledgeable in the field unemployed and constantly scrambling to get temporary contract jobs in that field like my husband. Only those jobs are becoming more far in-between and shorter term. I guess that CNN money expert who was giving advice on TV was no expert on the fact that many of the jobs which did remain are only temporary short term jobs with NO job security at all, and are lower in hourly pay since those jobs do NOT have any of the benefits which used to come from having a permanent position with a company. And after paying your own taxes and paying your own medical insurance, dental insurance, and coverage for seeing an eye doctor and glasses you end up with a lot less money than what used to be paid with secured jobs plus benefits. But then my husband at 52 in 2002 was laid off when his job was Out Sourced.

Holding on is just not easy any more.