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New translation, the Magna Carta

  the terrible plight of america’s poor-2007/8

“The following are facts about persons defined as "poor" by the Census Bureau, taken from various government reports:

  • Forty-three percent of all poor households actually own their own homes. The average home owned by persons classified as poor by the Census Bureau is a three-bedroom house with one-and-a-half baths, a garage, and a porch or patio.

  • Eighty percent of poor households have air conditioning. By contrast, in 1970, only 36 percent of the entire U.S. population enjoyed air conditioning.

  • Only 6 percent of poor households are overcrowded. More than two-thirds have more than two rooms per person.
  • The average poor American has more living space than the average individual living in Paris, London, Vienna, Athens, and other cities throughout Europe. (These comparisons are to the average citizens in foreign countries, not to those classified as poor.)

  • Nearly three-quarters of poor households own a car; 31 percent own two or more cars.

  • Ninety-seven percent of poor households have a color television; over half own two or more color televisions.

  • Seventy-eight percent have a VCR or DVD player; 62 percent have cable or satellite TV reception.

  • Eighty-nine percent own microwave ovens, more than half have a stereo, and more than a third have an automatic dishwasher.

“As a group, America's poor are far from being chronically undernourished. The average consumption of protein, vitamins, and minerals is virtually the same for poor and middle-class children and, in most cases, is well above recommended norms. Poor children actually consume more meat than do higher-income children and have average protein intakes 100 percent above recommended levels. Most poor children today are, in fact, supernourished and grow up to be, on average, one inch taller and 10 pounds heavier than the GIs who stormed the beaches of Normandy in World War II.”

related material
GDP 1: gross domestic product
GDP 2: GDP and other quality of life measurements

 

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euro meltdown continues

Recommended reading for details.

“Professor Roubini said the German Bundesbank and will insist that "severe" conditions are imposed on Spain once the country requests a rescue from the eurozone EFSF/ESM bail-out funds and signs a memorandum ceding budgetary sovereignty.”

“Former Spanish premier Jose Maria Aznar said the EMU crisis had poisoned relations between North and South. "We have a situation where one country has become the hegemon, and that is Germany. This is the first time we have seen anything like this since the Second World War," he said in Cernobbio.”

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EMU (European Monetary Union) and inflation – a civil liberty issue