* On Tuesday, helicopter maker Bell Helicopter announced 1,100 layoffs at its facility in Lafayette, Indiana.
* On Friday, Pennsylvania-based software developer Unisys announced plans to slash 8 percent of its global workforce, including 1,800 workers in North America.
* On April 24, pharmaceutical company Procter & Gamble announced that it would eliminate up to 6,000 office jobs worldwide. Since 2012, the company has slashed more than 20,000 office and manufacturing jobs.
* On April 20, United States Steel Corp. issued layoffs to 1,404 employees, concentrated mostly in Texas. Since June, the company has announced plans to eliminate 7,800 US positions, according to the Pittsburgh Business Times.
* That same day, oilfield services company Halliburton said it had cut 9,000 jobs, amounting to over ten percent of its workforce.
* On April 16, Halliburton's rival Schlumberger announced another 11,000 job cuts, on top of the 9,000 it implemented in January.
The negative figures follow the announcement by the Labor Department earlier this month that the US economy added only 126,000 jobs in March, the smallest job growth since 2013. The March figure was half the number predicted by economists.
“Goldman Sachs, JPMorgan Chase, Bank of America (ALL MAJOR DONORS TO BARACK OBAMA) and every other major US bank have been implicated in a web of scandals, including the sale of toxic mortgage securities on false pretenses, the rigging of international interest rates and global foreign exchange markets, the laundering of Mexican drug money, accounting fraud and lying to bank regulators, illegally foreclosing on the homes of delinquent borrowers, credit card fraud, illegal debt-collection practices, rigging of energy markets, and complicity in the Bernie Madoff Ponzi scheme.”
“That her candidacy is announced without calling for any particular policies underscores the fact that the election is not about the American people deciding the course of policy, but rather the vetting of candidates to serve the interest of the financial oligarchy.”
“There is, of course, no acknowledgment that Clinton was part of an administration that oversaw and continues to oversee the greatest transfer of wealth from the bottom to “those at the top” in US history.”
HILLARY CLINTON: GLOBAL LOOTER LIKE A THIRD-WORLD DICTATOR IN THE MAKING!
“Schweizer: Clinton Donors, Relatives Got Rich Off Haiti Contracts, US Taxpayers”
“Clinton Cash” author Peter Schweizer reported on the US taxpayer money and contracts in Haiti profited Clinton Foundation donors and Clinton relatives.”
Clinton Foundation Put On Watch List Of Suspicious ‘Charities’
“This decision wasn’t made because of the Clinton Foundation’s remarkably lucrative sideline as a uranium superstore for Russian strongmen, but because its finances are opaque and dishonest, and because such a tiny amount of the money it rakes in actually goes to charitable endeavors. “The Clinton family’s mega-charity took in more than $140 million in grants and pledges in 2013 but spent just $9 million on direct aid,” notes the New York Post. “The group spent the bulk of its windfall on administration, travel, and salaries and bonuses, WITH THE FATTEST PAYOUTS GOING TO FAMILY FRIENDS.”
STATE DEPT. DOCS REVEAL CONCERN ABOUT BILL CLINTON’S ACTIVITIES WITH SAUDI DICTATORS
Hillary Clinton bellies with the 9-11 invading Saudi dictatorship like Obama. She’s collected her bribes for pushing the Bush-Saudi wars against Iraq and Obama smells the dirty Saudis loot coming for his presidential libaray!
“Hillary Clinton takes a course of action that benefits those donors, in many cases, I think, outlined in the book, she is reversing course on policy prescriptions.”
“Schweizer said he had found “a pattern of behavior…the proof is, you look at a series of actions in which money flows to the Clintons, either through speaking fees or Clinton Foundation donors.”
IMF PREDICTS THAT OBAMANOMICS and the GLOBAL LOOTING BY OBAMA’S CRIMINAL CRONY BANKSTERS WILL SOON DESTROY THE AMERICAN ECONOMY.
The International Monetary Fund warned Wednesday that the world economy would remain locked in a pattern of slow growth, high unemployment and high debt for a prolonged period. The forecast, contained in the organization’s updated World Economic Outlook (WEO), marks a shift from previous economic projections in acknowledging that there is little prospect of a return to the growth levels that prevailed prior to the 2008 Wall Street crash.
The document’s grim analysis amounts to a tacit acknowledgement that the crisis ushered in nearly seven years ago by the financial meltdown is of a historical and fundamental character, and that the underlying problems in the global capitalist system have not been resolved.
“By large margins, even in opinion polls conducted by the corporate-controlled media, the American people support sharp increases in taxes on the wealthy to fund social programs and provide jobs for the unemployed; they oppose cuts in Social Security and Medicare and view education, health care and other public services as basic rights; they oppose government spying on the telephone and Internet usage of ordinary Americans, as well as other police-state measures; and they oppose overseas military interventions in the Middle East, Africa and Asia. The Democratic and Republican presidential candidates stand on the other side of the barricades on all these issues.”
The new aristocrats, like the lords of old, are not bound by the laws that apply to the lower orders. Voluminous reports have been issued by Congress and government panels documenting systematic fraud and law breaking carried out by the biggest banks both before and after the Wall Street crash of 2008.
Goldman Sachs, JPMorgan Chase, Bank of America and every other major US bank have been implicated in a web of scandals, including the sale of toxic mortgage securities on false pretenses, the rigging of international interest rates and global foreign exchange markets, the laundering of Mexican drug money, accounting fraud and lying to bank regulators, illegally foreclosing on the homes of delinquent borrowers, credit card fraud, illegal debt-collection practices, rigging of energy markets, and complicity in the Bernie Madoff Ponzi scheme.
MUCH, MUCH MORE ON OBAMA’S ECONOMIC CRIMES PERPETRATED ON BEHALF OF HIS CRONIES ON THE AMERICAN MIDDLE-CLASS
One government-organized settlement has followed another, utilizing “deferred prosecution” deals and other gimmicks to allow Wall Street CEOs to get off scot-free. All the banks have had to do is pay largely fictitious fines, much of the nominal amount written off as tax credits.
“A more recent national survey by the Federal Reserve, based on 2013 data, suggests the problem has not only persisted as the economy recovered but may even have worsened. More than 30 percent of Americans reported spikes and dips in their incomes. Among that group, 42 percent cited an irregular work schedule; an additional 27 percent blamed a span of joblessness or seasonal work.”
“In the two advanced countries with the greatest income inequality, Spain and the United States, job losses and wage cuts accounted for nearly all the increase in inequality.”
Net Job Growth Since Recession Still To Foreign-Born
“The Bureau of Labor Statistics’ March job’s data released Friday — as in previous months — again shows that net employment growth in the U.S. since the beginning of the recession has gone to foreign-born workers.”
“From the beginning of the recession in December of 2007 through March of this year, while the native-born population has experienced a net decline in employment, their foreign-born counterparts have experienced a net increase.”