Skip to main content

Posts

Showing posts with the label recession

Recession forces Change

The current economic climate is forcing people to take a long hard look at their lives. Unemployment, foreclosures and losses of savings and pensions mean that many people have to change their behavior and lifestyles to acclimatize to this new world order. A recent story on CNN profiled Ernie Casillas , a former investment banker who has had to face the harsh reality of unemployment. Since losing his high paying job, his upscale lifestyle vanished overnight, forcing him to post a ‘job wanted’ ad on Craigslist . CNN reports: ‘ Casillas said he teared up when he first began typing the message -- that his life had come unraveled so hard and so fast. But ultimately, he said, he decided, "I'm just going to put it out there. I'm not going to be embarrassed. I'm just going to tell the whole world: I'm unemployed, and I need a job today. And the response was great."’ This situation is becoming more and more commonplace where people who were once high rollers now ha...

American Women and the Great Recession, Part 2 of 4

On Wednesday evening, the U.S. House of Representatives and the Senate came to an agreement about the Economic Stimulus and Recovery Package , which will tally $789 billion dollars in total, and hopefully give much-needed aid to states, local municipalities, working people, families, and some individuals who have been hit hardest by this Great Recession. The bill, which President Obama has been urging members of Congress to agree upon and push through all week long, emerges with much controversy still surrounding it, even among some seasoned Democrats who were unhappy with the outcome of Wednesday’s inter-Congressional talks. Some of these lawmakers feel that too much money was taken from education and social programs as a way to strike a compromise with the Recovery Package’s detractors. Nevertheless, the bill is ostensibly set to move forward in Congress and may even be on the President’s desk - ready to be signed, sealed, and delivered - by as early as Friday. As I described in Par...

American Women and the Great Recession Series, Part 1 of 4

Among many Americans, especially lower-income women and families, hopes are high for the economic stimulus and recovery package, which now feels long-anticipated in the run-up to President Obama and the 111 th Congress’ transition to power . In the swirl of rumors and speculation that bind new expectations for modern economic stimulation with social recovery reminiscent of FDR’s New Deal , many advocates for women and families have been weighing in heavily and hoping to affect the economic policies that are currently being considered in Washington. This week, predictions were rampant in the mainstream political discourse about what the outcomes of the House debate on the economy would look like, and whether or not the resulting legislation would make the everyday needs of women visible again. Today, the US House of Representatives passed an economic stimulus and recovery package , which carries with it a total cost of $819 billion dollars . Although the recovery package now makes its...

'Tis the Season to Reflect, Share, and Listen

We are a few days away from Christmas and are undoubtedly being reminded about the joys of giving. But what if you don't have much to give? What if this year money has been more than tight—it has been nearly non existent? What if emotionally you have been so drained that most days you would like to just sit home and cry? What if the merriment of the season leaves you feeling disillusioned and excluded? Then don't give. We are told it is better to give than to receive and now is the time to put aside all selfishness and give to everyone you love and to the less fortunate. But it isn't that easy and for many people it never has been. Poverty doesn't take a holiday. The recession didn't go away on vacation. We are still struggling. Instead, reflect and open up. Openness is a gift in and of itself. It takes a great deal of our personal strength to open up to others and to listen to others. Too many of us are raised to value the suppression of negative emotions—...