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Monthly Archives: May 2013

World’s cost of living 2013

30 Thursday May 2013

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Costs of living, Japan, Los Angeles, Melbourne, New York City, Sydney, Tokyo, Vancouver, Zurich

tokyo-japan

Tokyo, the most expensive city of the world

TOKYO – After currency swings pushed Zurich to the top of the ranking last year, Tokyo has resumed its place as the world’s most expensive city.

Despite Japanese deflation, a weaker yen and rising prices throughout the world, Tokyo has resumed its position as the world’s most expensive city. Tokyo took over Zurich, which dropped to seventh. A strong local currency powered Sydney in third place and Melbourne in equal fourth place while Singapore rose to sixth.

Asian cities now make up 11 of the world’s 20 most expensive cities in the world. Caracas now makes it in ninth place, making it the most expensive city across the Americas while Vancouver is still he most expensive location in North America at position 21. Los Angeles and New York City tie at 27th as the most expensive U.S. cities.

South Asian locations dominated the cheapest cities to live in.

JMD

 jmdlive@lefuturistedailynews.com

Read More:

https://www.eiu.com/public/topical_report.aspx?campaignid=Wcol2013

The Minimum Wage: Does It Matter?

29 Wednesday May 2013

Posted by JMD Live Online Business Consulting in General

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Costs of living, Inflation, Minimum wage, Poverty

Minimum-Wage

Increase in minimum wage

WORLD – Since minimum wages are not indexed to inflation, they do not systematically increase in proportion to changes in the costs of living. 

Those in favor of increasing the minimum wage will argue that such an increase would lift people out of poverty, helps low-income families make ends meet and narrows the gap between the rich and poor. But forget about all of this. That last argument is underscored by the exorbitant salaries earned by CEOs and other corporate titans, which are also the same people generally arguing against an increase in the minimum wage.

Instead of cutting down on their salaries, which, by the way, is paid by the business and the income that you generate being paid generating revenue at minimum wage to pay their extravagant salaries that they earn sitting ion their office or at the private club, their argument is that allowing you to have a decent wage thus, a decent life, would hurt small businesses, squeeze profit margins, lead to inflation, encourages employers to downsize their staff and increases the cost of goods to the end consumer. What a bunch of baloney I say!

For some others, economically speaking, the theory of supply and demand suggests that the imposition of an artificial value on wages that is higher than the value that would be dictated in a free-market system creates an inefficient market and leads to unemployment. According to this theory, the inefficiency occurs when there are a greater number of workers that want the higher paying jobs than there are employers willing to pay the higher wages. What a bunch of baloney I say!

Keep in mind that earning more than minimum wage does not necessary mean that one is not living in poverty. According to estimates, some 37 millions people lives in poverty in the United States only. What about Canada? What about Spain? Greece? France… What about the world? Unless we all collectively take charge of our life and destiny now and decide to empower ourselves, nothing is going to happen. No matter how high is the minimum wage, too many will still be unemployed or living in poverty.

And this, my friends, is no baloney!

JMD

 jmdlive@lefuturistedailynews.com

One quarter of world’s children struggling to learn because of malnutrition

28 Tuesday May 2013

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Economic growth, Ethiopia, India, Malnutrition, Peru, Save the Children, Vietnam

hungry_kids

Three hungry kids – One in every four in the world!

The Food for Thought report by Save the Children – One in every four children in the world is suffering from chronic malnutrition that is affecting their ability to learn, according The Food for Thought report by Save the Children. The study also revealed that undernourished children were an average of 20 percent less literate than those who had a “nutritious diet.” It is said that that malnutrition could affect global economic growth by $125 billion.

“A quarter of the world’s children are suffering the effects of chronic malnutrition. Poor nutrition in the early years is driving a literacy and numeracy crisis in developing countries and is also a huge barrier to further progress in tackling child deaths. Improving the nutritional status of children and women in the crucial 1,000 day window, from the start of a woman’s pregnancy until her child’s second birthday, could greatly increase a children’s ability to learn and to earn,” says Carolyn Miles, president and chief executive of Save the Children.

The report found that malnourished children: scored 7 percent lower in math tests and were 19 percent less likely to be able to read at the age of 8; were 13 percent less likely to be in the appropriate school grade for their age; were likely to earn at least 20 percent as adults. It says that extrapolating a 20-percent reduction in earnings to a global level would mean childhood malnutrition could potentially cost the global economy some $125 billion in 2030.

The report was based on studies of thousands of children in Ethiopia, India, Peru and Vietnam and noted there had been “huge progress” in helping children over the last two decades. Between 1990 and 2011, the number of children who died before the age of 5 fell from 12 million to 6.9 million, faster than ever before. And since 1999, the number of kids in elementary school had gone up by more than 40 million. However, malnutrition threatens to undermine these impressive advances.

In spite of the reduction in children dying, the global crisis of child mortality remains unsolved, 19,000 children continue to die each day from preventable causes. Meanwhile, a global crisis in education means 130 million children are in school but failing to learn even the basics. They are left without the core skills and abilities they need to fulfill their potential and to lead fulfilling, productive lives. Child malnutrition is a key factor underlying both these crises. Malnutrition is an underlying cause of 2.3 million children’s deaths a year and, for millions more children, contributes to failures in cognitive and educational development. As a result, the life chances of millions of children around the world are devastated.

The potential cost to the global economy runs to billions of dollars.

JMD

 jmdlive@lefuturistedailynews.com

Read More:

http://worldnews.nbcnews.com/_news/2013/05/28/18550564-one-quarter-of-worlds-children-struggling-to-learn-because-of-malnutrition-study?lite

 

New U.N. “Low” Population Projection for 2050

25 Saturday May 2013

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Developing country, Natural resources, Population growth, United Nations, World Population Groth

un-black

United Nations Population Division

UNITED NATIONS – In a report released a few weeks ago, the United Nations Population Division slightly increased the projection usually used to forecast the size of the human population, predicting a world with 9.2 billion people by mid-century, up from nearly 6.8 billion today.

According to the report, in its low population estimate, nearly 8 billion people are to be expected on Earth by 2050. The high projection, however, foresees some 10.5 billion people; the medium projection being 9.2 billion people, all the growth coming from developing countries, developed countries having now largely painted themselves into a corner. In the near future, however, families in wealthier countries may decide to prolong or reconsider having children due to the economic recession.

According to the United Nations Population Division, for the next forty years, the overall world’s population growth is inevitable. As a result, natural resources such as fossil fuels, timber, minerals, and water will likely be severely depleted in many regions. According to the United Nations World Water Development Report, feeding the world’s expanding population will increase water demand by 70 to 90 percent in 2050. Population growth will also compounds global challenges like climate change and biodiversity loss.

Wake up everyone, this is less than forty years from now.

It is now, time to act!

JMD

 jmdlive@lefuturistedailynews.com

Read More:

http://www.worldwatch.org/node/6038

World’s Population will stop growing by 2050

25 Saturday May 2013

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Autonomous University of Madrid, San Pablo University, United Nations, World Population Predictions

Logo_UAM

Autonomous University of Madrid

April 2013 — Global population data spanning the years from 1900 to 2010 have enabled a research team to predict that the number of people on Earth will stabilize around the middle of the century.

The results, obtained with a model used by the physicists from the Spanish research team coincide with the actual United Nation’s downward forecasts. According to United Nations’ estimates, the world population in 2100 may well be sitting somewhere within a range of 15.8 billion people according to the highest estimates and 6.2 billion according to the lowest estimate, a figure that stands below the current level of 7 billion people.

The mathematical model developed by the Spanish researchers from, the Autonomous University of Madrid and the San Pablo University, seems to confirm this lower estimate. The team of researchers also predicts standstill of the population level and even a slight drop in the number of people by the mid-21st century.

JMD

 jmdlive@lefuturistedailynews.com

Read More:

http://www.sciencedaily.com/releases/2013/04/130404072923.htm

Dubai, an Empire entirely built on slavery

24 Friday May 2013

Posted by JMD Live Online Business Consulting in General

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Arabtec, Burj Khalifa, Dubai, Slavery, United Arab Emirates

Burj Dubai

The Burj Khalifa

DUBAI, United Arab Emirates – A strike at Arabtec has ended after police entered labour camps and immigration services issued a series of deportation notices.

Backed by security forces, bosses at Arabtec, a massive Dubai construction firm with massive interests across the oil-rich Gulf States, ended their construction workers strike, but the fallout continues as more workers are receiving deportation orders.

The strike ended after management refused to accept demands for increased wages from people earning about $200 a month to complete mega-projects in 40 degree Celsius heat. Unions and strikes are illegal in Dubai and across the Gulf. Worker demands varied from a monthly pay raise of between $100-$135, while others wanted free food. Arabtec, Dubai’s largest construction firm, has tens of thousands of employees and contracts to work on the city’s airport, the Abu Dhabi branch of the Louvre museum, and other high-profile projects.

Unions and strikes are illegal across the Gulf and in Dubai, an autonomous city and part of the United Arab Emirates where the press is censored; even public demonstrations are considered illegal. Most of the cheap labour of Dubai lives in Sonapur, a barracks-style labour camps guarded by private security and home to about 200,000 migrant workers. Known for its Ferraris, “seven-star” hotels and other ostentatious displays of wealth, less than 20 percent of the UAE’s roughly 7.9 million residents are citizens. To attain citizenship, a person must usually demonstrate a blood connection on the father’s side to the Emirates’ original inhabitants and under the kefala system, a worker’s legal status in the country is tied to his employer.

Supporters of Dubai’s economic model say a lack of collective bargaining rights is good for workers, as it leads to more growth and job creation.

To what I say: Fuddle duddle!

JMD

 jmdlive@lefuturistedailynews.com

Read More:

http://www.aljazeera.com/indepth/features/2013/05/201352375248751541.html

 

The Preacher’s quest for progress

24 Friday May 2013

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Denomination, Faith, Religion, Spiritual Belief, Tradition

The Preacher

The Preacher

 “The Preacher does not celebrate any particular faith, spiritual belief, tradition, religion or notion of God.”

The Preacher celebrates no particular faith tradition, religion or notion of God, but rather the quest for progress in humanity’s efforts to comprehend the many and diverse manifestations of the Divine.

The Preacher is non denominational

The Preacher

The Preacher

A JMD Publication

thepreacher@live.fr

 

Italy: “A political horror show”

21 Tuesday May 2013

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Italy, Pope Francis, Récession, Rome, Unemployment

pb-130521-vatican-da-01.photoblog900

Marcello Di Finizio: “Stop this massacre! Help us Pope Francis”

ROME  – May 20, 2013, a man climb onto a ledge of the St-Peter’s Basilica to protest against austerity measures.

May 2o 2013, Marcello Di Finizio climbs onto a ledge on the dome of St Peter’s Basilica and unfurls a banner protesting against a “political horror show,” an apparent reference to Italy’s embattled coalition struggling with recession and high unemployment. 

Italy is stuck in its longest recession since quarterly records began in 1970, and jobless rates are close to record highs.

JMD

 jmdlive@lefuturistedailynews.com

Read More:

http://www.nbcnews.com/id/51942602#.UZuRl-AcggM

http://photoblog.nbcnews.com/_news/2013/05/21/18395572-unhappy-italian-climbs-onto-dome-of-st-peters-in-protest-again?lite

Un taux de chômage sans précédent pour l’Italie

20 Monday May 2013

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Équité Salariale, Enrico Letta, Finances Publiques, Italie, Justice sociale, Mesures d'austérité

Enrico-Letta-getty

ENRICO LETTA, Le nouveau premier ministre Italien sur la sellette

ROME – Plusieurs dizaines de milliers de personnes manifestent à Rome contre la politique d’austérité Italienne et le taux de chômage élevé.

Samedi 18 mai, à l’appel du syndicat des métallos Fiom et réunis sous le mot d’ordre “le droit au travail, à l’instruction et à la santé”, des milliers de manifestants ont enjoint au gouvernement de coalition d’Enrico Letta de se concentrer sur la création d’emplois. “Nous espérons que ce gouvernement finira pas nous entendre, parce que notre patience est à bout”, a déclaré un manifestant, au milieu d’une foule réclamant plus de droits pour les travailleurs et de meilleures conditions de travail. Plus de 100000 participants et manifestants étaient rassemblés et scandaient des slogans tels : “On ne peut plus attendre” et “Il nous faut de l’argent pour vivre”.

La confiance dans le gouvernement de coalition piloté depuis avril dernier par Enrico Letta, élu sur sa promesse de faire de la création d’emplois sa priorité commence déjà à s’éroder. Samedi, certains manifestants lui ont reproché de revenir sur son engagement D’autres participants à la manifestation ont émis des doutes quant à la capacité du successeur de Mario Monti et à sa coalition fragile d’agir avec efficacité. “Ce gouvernement ne va pas durer longtemps. Ce qu’il nous faut, c’est un nouveau parti de gauche qui se batte pour les droits des gens.” avance un manifestant.

L’Italie s’enfonce dans sa plus longue récession enregistrée depuis qu’elle établit des statistiques trimestrielles, en 1970. Le taux de chômage approche un sommet, avec notamment 38 % des jeunes sans emploi.

JMD

 jmdlive@lefuturistedailynews.com

United Arab Emirates construction workers strike for more wages

20 Monday May 2013

Posted by JMD Live Online Business Consulting in General

≈ 1 Comment

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Abu Dhabi, Blue-collar worker, Dubai, Oppression, Strike action, United Arab Emirates, Worker's rights

workers

Arabtec  underpaid and exploited Construction Worker

DUBAI – Thousands of construction workers at Arabtec, the emirate’s largest construction company, hold second day of action over poor pay.

Thousands of workers employed by Dubai’s largest construction company have gone on strike for a second day to back their wage demands in a rare labour protest in the Gulf emirate, where trade unions are banned.

Workers employed by Arabtec, the company behind projects including the world’s tallest building Burj Khalifa, did not show up for work on Sunday. Employees said the strike began on Saturday and that the workers were determined not to end it without a pay rise. “They are upset at the low wages and also about not being paid for overtime work,” one employee told the Reuters news agency. He said workers at his site were paid between $160 and $190 a month. The protest started in Abu Dhabi on Saturday and workers in Dubai have joined. Most blue-collar workers in the Gulf Arab states are migrant workers hired on a contract basis from South Asian countries such as India, Pakistan, Bangladesh and Nepal.

Migrant workers in Dubai are often employed at wages that are extremely low by Western standards and housed in dormitory-style accommodation on the outskirts of the city, part of the UAE, a regional business and tourism hub. The United Arab Emirates Labour Ministry told Reuters that a team of the ministry’s labour crisis management committee was “closely following the work stoppage”. The ministry added that Arabtec was paying the workers according to contracts it had signed with them, and said their accommodation was in compliance with labour regulations. It said the workers were receiving meals and had free transportation, housing and health insurance, services that it said were at least equal to their salaries.

JMD

 jmdlive@lefuturistedailynews.com

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