Showing posts with label social unrest. Show all posts
Showing posts with label social unrest. Show all posts

Sunday, October 3, 2010

Global employment crisis will stir social unrest, warns UN agency

Global employment will not recover to pre-crisis levels until 2015 if current policies are pursued, creating social tension, the International Labour Organisation has warned

...The extended loss of employment and growing perceptions of unfairness risked increasing social tension, the ILO said.

In 35 countries for which data exists, nearly 40 per cent of jobseekers have been without work for more than one year, running risks of demoralisation and mental health problems, and young people were disproportionately hit by unemployment.

It noted that social unrest related to the crisis has been reported in at least 25 countries, including some recovering emerging economies.

This week riot police were on the streets as protesters in Spain, Belgium, Italy and Greece demonstrated against tough austerity measures....

[Full Article]

Wednesday, September 15, 2010

IMF fears 'social explosion' from world jobs crisis

America and Europe face the worst jobs crisis since the 1930s and risk "an explosion of social unrest" unless they tread carefully, the International Monetary Fund has warned.


Duration of unemployment in the US - Bureau of Labor Statistics
Duration of unemployment in the US, Bureau of Labor Statistics.

"The labour market is in dire straits. The Great Recession has left behind a waste land of unemployment," said Dominique Strauss-Kahn, the IMF's chief, at an Oslo jobs summit with the International Labour Federation (ILO).

He said a double-dip recession remains unlikely but stressed that the world has not yet escaped a deeper social crisis. He called it a grave error to think the West was safe again after teetering so close to the abyss last year. "We are not safe," he said...

[Full Article]

Sunday, July 11, 2010

More and more Americans preparing for social unrest

From the outside, Jerry Erwin's home in the northwestern US state of Oregon is a nondescript house with a manicured front lawn and little to differentiate it from those of his neighbors.

But tucked away out of sight in his backyard are the signs of his preparations for doomsday, a catastrophic societal collapse that Erwin, 45, now believes is likely within his lifetime.

"I've got, under an awning, stacks of firewood, rain catching in barrels, I've got a shed with barbed concertina wire, like the military uses," he told AFP.

He and his wife also have also stockpiled thousands of rounds of ammunition and enough food for about six months.

"Several years ago I worked on paying off the house, replacing all the windows, and just very recently, I'm proud to say, we've replaced all our exterior doors with more energy-efficient ones, with as much built-in security features as I could get," he told AFP...

[Full Article]