A BLUEPRINT for JOB CREATION

DERIVATIVES TRADING CAN BE LINKED TO JOB GROWTH

During this current time of Bank failures, defending banks has become a hard thing to do. So as non-financial companies come to their rescue, President OBAMA's administration has proposed a broad sweeping plan of rules for derivatives trading. This is the right thing to do.

In addition, the blueprintforjustice proposes that those using derivatives for "job creation " be exempt.

At issue are governments' laudable determination that the bulk of derivatives be traded on exchanges and cleared by central counterparties.

Currently, derivatives are mostly privately contracted between counterparties "over the counter", beyond the reach of much regulation. Exchange trading and central clearing would make them cheaper and reduce systemic risk by cutting out intermediaries and netting accumulated exposures.

In the end most companies will gain from lower spreads of derivatives on-exchange. And in the case of these gains-- 9% should be set aside for providing healthcare to our nations uninsured.

An Idea who's time has come! ......Hedging for Job Growth and Healthcare instead of wealth.

WHEN WILL THIS END?

“Unemployment could hit 12.2 percent by Dec. 31” (Dailynews.LA)

The time has come for an overhaul of our economy. Every business school graduate knows that if the supply and demand curve can’t find its “equilibrium” then the economy will continue to tank; Jobs will continue to be loss; and, Wall Street will continue to “talk” its way around the fact that we are in a Depression. Jobless rate is at a 26-year high of 9.7 percent. And,.... check this out, on Tuesday, September,15, 2009, on “Good Morning America” Treasury Secretary Geithner said that a economic rebound depends on a strengthening job market. “REALLY!” …. Might I ad, that “jobs” have to pay beyond the average cost of living to have an impact.

See, the transition issue America faces in its movement towards a service economy is that the old formulas of recovery don’t apply. And, the sooner this is realized by the power players, the sooner American’s will feel a recovery, and not just hear or read that one is occurring. It's like the old saying…”don’t piss on me… and tell me it's raining…” What do I mean? You ask. Well, on Tuesday (9/15/09) the Federal Reserve Chairman Ben Bernanke said in reference to the Recession, “very likely over at this point”. And you know what, he’s right… The recession is over….WE are now in a Depression.

The Blueprintforjustice believes that the necessary economic policy for recovery is a mandatory federal “living wage”. This is not lefty progressive at all. It's required to sustain the American way of life in a “service economy”.

The BLUEPRINT for JUSTICE ANSWER to UNEMPLOYMENT Woes!

UnEmployment Smart: Legislation to create community jobs for College tuition credits

TheBluePrintforJustice proposes an increase (that's right an investment) funding to create new volunteer programs focused on building the communities, such as making them cleaner, providing safety details, volunteer, fire and police, community parks and recreation, healthcare: prevention, and so on... the bill would

• Establish a Rebuild American Workers program for those unemployed over one year. A person would earn 1 year of tuition credits redeemable at any institution for courses focused on management or leadership positions in non-profit organizations. There would be a maximum of 3% of the current unemployment rate persons eligible;

• Allow non-profit organizations who hire these individuals to receive 15% of their employer taxes back as an "America Works Again" grant, 2 years from the date of employment of those who graduate from said particular college programs;

• Create Scholarships that would provide the unemployed with opportunities to enhance their skills in mathematics, and sciences based on a minimum of 450 volunteer hours a year. The scholarship is transferable to their spouses or children between the age of 18-25.

11.9% UNEMPLOYMENT..... WHAT?

WHAT YOU GONNA DO BUT HUSTLE ! .....

11.9% UnEmployed + 22.3% Under-Employed = A REAL BIG MESS !

THE ECONOMY

Unemployment in California hits post-World War II high

The state's rate jumps to 11.9% in July as the U.S. rate declines to 9.4%. Job losses have an outsize effect on Latinos in the state as work in the construction and hospitality sectors vanishes. (LA TIMES 8/22/09)

Thanks for following my blog, but really. First, over 33% of the LA county population have NO reference to WWII. I mention this because the reference point of WWII is used in the article to emphasize the impact of the state's unemployment rate, however, If WWII has no tweet on your twitter, then this serious issue just blows in the wind. However,. . . this is some important stuff. We need for newspapers to hold relevance to our day to day lives, but I guess you get what you can get.....So in my attempt to relate to those most affected by the 11.9% unemployment rate in Cali.... here are some post Vietnam War references..

Sybase Adaptive Server Enterprise Version 11.9; Logitech QuickCam Software Informer version 11.9; WinHex Software version 11.9;Wave MP3 Editor software Informer version 11.9.... now with these references, this generation of workers understand the impact.... just ask a post Vietnam War Californian what it means to have a software package advance to its 11.9 version....

Or, to place the severity of California's unemployment rate in comparison to countries of which many Californians have family, California's unemployment rate is higher than that of Colombia 11.1%; Bulgaria 11.5% ;Bolivia 7.50%;Brazil 8%; Chile 7.5%; El Salvador 6.40%;Guatemala 3.20%.

.... I could go on with the point that it's bad in Cali... however, talking about what everyone can feel, doesn't get us anywhere, so here's a BLUEPRINT for JUSTICE suggestion to well known issue of unemployment in Cali....

-"BOOST COMMUNITY SERVICE JOBS for 'EDUCATION TUITION FEE CREDITS'" redeemable at any university or college in California. I mean let's take the situation of "not working" and turn it into building a more humane, just, and fair society, while ensuring that American workers become the more literate, hence building the opportunity for our country to become a leader again in world innovation.

Stay tuned as I highlight on my next blog how this works.....

Jobs are Scarce ! And Some aren't worth the hassle!

I am back from bloggation [meaning: 10 or more days without blogging]. I had many wonderful conversations with my mom about many issues and as promised I will share those discussions with you. They are.... to say the least... the real deal. But first, let's get back on this unemployment stuff.


Here's the good news [if you want to call it that] fewer jobs were lost in July, the unemployment rate is expected to rise to 9.7% from June's 9.5%. Most economists now expect the jobless rate to peak above 10% later this year or early next year. It is possible that the post-World War II record high of 10.8% could be breached, although few are predicting that. Already, the unemployment rate has risen from 4.4% to 9.5%; the 5.1-percentage-point increase is the largest in any recession since the 5.2-percentage-point increase in the 1948-49 recession.

At 9.7% everyone is feeling the pressure of the rise in unemployment. For example, when I was back in Pittsburgh at a local hang -out in the "Hood' on Frankstown Ave., many of the patrons, would jokingly state the only job that was available was that of becoming a rapper- "because they make mad loot". Well, my dear friends back in the "Hood" and for those young cats, who believe the statement, "rappers make mad loot".

I want to provide you with some facts before interviewing for this job.

#1...rappers are ALWAYS the last to get PAID. The label, the manager get 15%-20% of all the rappers income; the lawyers 5%-10%; accountants get 5% of all income; and UNCLE SAM always gets 30% or more....

#2.... the rapper then gets paid about 12% on average, then after paying back all the advance allowances, he/she is usually in the negative. The results in the artist having to produce on average 3 albums before he/she can see any real income.

Here's an example: (assumption: rappers makes 3 albums, and produces his/her own tracks)

Suggested retail list price (CD) $10.98 (7 tracks or less per unit) less 15% packaging deduction = $9.33. This means the that all mentioned in #1, and #2 above gets paid on 85% of records sold =$7.93.

Yeh, see the point, The rapper's 12%(point #2 above) is equal to 96 cents per record sold. And if the rapper didn't produce all the tracks he/she would have to pay 3% of 96 cents to his/her producers. What does this pan out in real money ? Well take a deep breath.... on a gold album (that means having sold 500,000 copies) a rapper makes about $19,333.

My point, this isn't a job worth the hassle!

The real deal, ....Our youth need to focus on participating in the economy of "real jobs" and the

BLUEPRINT for JUSTICE in seeking "good" jobs.

California Budget Cuts: Equal JobLessness...

The red circle(s) indicate(s) "job lost" California's job loss is so large....... it falls off the chart!

I know this, "the budget cuts" = job loss= high unemployment= lost tax revenue = more budget cuts = more job loss= more unemployment = more lost revenue...... getting the picture

       $250 million in 2009-10 General Fund ($546 million total funds) cut from IHSS

It's Time for the BLUEPRINTforJustice:

What are your thoughts for creating jobs ?

Hit me up !

I asked my "mom" this question and she agreed to share our conversation with you....(I will share it during my next blog.) 

Do You Care About Poverty ?