Bits, bites and blurbs from Michael Cervieri.
Most of my Tumbling is at the Future Journalism Project.
On Twitter I'm bMunch.
On G+ I'm here.
Trust the invisible hand.
Via.
Jon Stewart on taxes, debt, class warfare and math.
Economic casualties pile into tent cities
“Now I’m thinking, ‘Where am I going to sleep tonight? Where do I eat? Where do I shower?’” — USA Today
China Fears Tremors as Jobs Vanish From Coast
As the global economic crisis deepens and the demand for Chinese exports slackens, manufacturing jobs in the Pearl River Delta and all along the once-booming coast are disappearing at a stunning pace. Over the last few months, more than 20 million migrant workers have been cast into the ranks of the unemployed, depriving impoverished towns like Tanjia of the much-needed income the workers sent home…
…In a nation obsessed with social harmony, the well-being of China’s mobile work force has become the top priority for a government that has long seen its fortunes tied to those of the country’s 800 million rural dwellers. Mao’s revolution, after all, was fueled by embittered peasants, and it has not gone unnoticed in Beijing that decades of heady growth has fed a widening gap between urban residents and those who live in the rural interior. — NY Times
Economy Shed 598,000 Jobs in January
…It was the biggest monthly job loss since the economy tipped into a recession more than a year ago, and it was even worse than most forecasters had been predicting. — NY Times
In the first major census of people living on the streets since the recession, thousands of volunteers across the country are fanning out in the thick of night this week to count the most desperate members of their communities.
On the streets and in shelters, volunteers conducting the count in the wintry dead of night have found an untold numbers of hard-luck stories from those homeless for the first time, working poor victimized by the foreclosure and unemployment crises.
“I call it the double trouble,” said Philip F. Mangano, executive director of the United States Interagency Council on Homelessness. “You would have to be naive to believe that the loss of over 850,000 homes and over two million jobs wouldn’t have an impact.” — Associated Press, photo: Pockmark Registrar)
