America Is No Superpower
By: Paul Craig Roberts|24 April, 2006|Categories: Articles & Columns|Tags: America . Superpower
Is the United States a superpower? I think not. Consider these facts: The financial position of the US has declined dramatically. The US is heavily indebted, both government and consumers. The US trade deficit both in absolute size and as a percentage of GDP is unprecedented, reaching more than $800 billion in 2005 and accumulating to $4.5 trillion since 1990.…
Read more »Another Grim Report on the Jobs Front
By: Paul Craig Roberts|17 April, 2006|Categories: Articles & Columns|Tags: Front . Grim . Jobs . Report:
Is your job safe? Not if it can be done abroad. The only safe jobs are in domestic services that require a “hands-on” presence, such as barbers, hospital orderlies, and waitresses. For a number of years the Bureau of Labor Statistics’ monthly payroll jobs reports have been sending US policymakers dire warnings, only to be ignored. The March report repeats…
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