Posts Tagged ‘Economy’
The average Canadian individual is now wealthier than the average American.
According The Globe & Mail, Canadian households are on average $40,000 richer than American households. And the advantage does not have to do with exchange rates because in the last few years the Canadian dollar has caught up to the American dollar.
The Globe & Mail said that according to the latest Environics Analytics WealthScapes data report, the average net worth of a Canadian household was $363,201 in 2011, while that of an average American household was about $320,000.
Unemployment in Canada is also lower than in the U.S. — the rate is 7.2 percent in Canada, and in America it is hovering at 8.2 percent.
The Globe & Mail’s Michael Adams credits this surge in wealth in Canada a great extent to the 2008 economic and housing market crises that hit the U.S., as well as Canadians’ higher consumer confidence in the last years…
Children ‘dumped in streets by Greek parents who can’t afford to look after them any more’
Children are being abandoned on Greece’s streets by their poverty-stricken families who cannot afford to look after them any more.
Youngsters are being dumped by their parents who are struggling to make ends meet in what is fast becoming the most tragic human consequence of the Euro crisis.
It comes as pharmacists revealed the country had almost run out of aspirin, as multi-billion euro austerity measures filter their way through society…
What a mess!
Lord have mercy…
There are some really angry jobless people out there:
In August, the Atlantic asked readers to share with us the one thing people didn’t understand or appreciate about looking for work. You responded with beautiful, heart-wrenching accounts of the job search that we have published in four parts: The Unemployed Speak and Advice from Employers, Longer Voices of the Jobless, and What It’s Like to Be Jobless in Your 20s.
The response from young people has been so overwhelming that we’ve decided to publish a second round of the most passionate, indignant and poignant dispatches from (or about) Millennials, or Generation Y… Keep reading and sharing.
“I want to blame the universities and grown-ups who should have known better. Instead, like my me-first generation, I blame myself.”
Subject line: MAD AS HELL…
Read on here.