The political everybody has an opinion not based in fact pundit world is ablaze over a new Romney ad claiming Chrysler is planning on building a plant in China and making Jeeps there. The ad references this Bloomberg article, from October 22nd, which reports Fiat, the majority shareholder in Chrysler, wants to move some production to China.
Ah, the never ending word gotcha games of Election 2012. The Internets went abuzz with binders as a symbol of female oppression after the second Presidential debate. We even have Amazon office binder reviews being carpet bombed with political statements. While funny as hell, economic oppression of women is not so funny. Nor is it a word game.
So says the Economic Policy Institute in an updated study. Over the last decade, from 2001 to 2011, the United States has lost a whopping 2.7 million jobs to China alone and this estimate is conservative. The China PNTR trade agreement was signed by President Clinton on October 10th, 2000 and China entered the WTO in 2001.
The more than 2.7 million jobs lost or displaced in all sectors include 662,100 jobs from 2008 to 2011 alone—even though imports from China and the rest of the world plunged in 2009.
Below is EPI's map showing China unfair trade's job losses as a percentage of total state employment. These are not just a few minor localized pockets of jobs. We're talking significant payroll percentages per state being lost just due to China trade.
Ah, we all know the claim offshore outsourcing is good for America. Seems offshore outsourcing is great for drug dealers and money launders too. Did you know offshore outsourcing enabled money laundering, flash crashes and failed projects?
The DFS probe found that SCB had assured the New York state in May 2010 that it would take immediate steps to comply with the US Office of Foreign Assets Control (OFAC) sanctions. However, another regulatory examination in 2011 found continuing and significant Anti Money Laundering failures.
Among these, the bank was outsourcing its "entire OFAC compliance process for the New York branch to Chennai, India, with no evidence of any oversight or communication between the Chennai and the New York offices."
Almost daily we have article plants by corporate lobbyists claiming a dire shortage in skilled labor, specifically Scientists, Technologists, Engineers and Mathematicians. These occupational areas are collectively known as STEM. Yet the Washington Post, normally a bastion of corporate drum beating propaganda and economic nonsense, called cash on the cry for more Science, Technology, Engineering and Mathematics workers. They point to the glut of PhDs in the United States, in part due to the offshore outsourcing of pharmaceutical research.
Michelle Amaral wanted to be a brain scientist to help cure diseases. She planned a traditional academic science career: PhD, university professorship and, eventually, her own lab.
But three years after earning a doctorate in neuroscience, she gave up trying to find a permanent job in her field.
Dropping her dream, she took an administrative position at her university, experiencing firsthand an economic reality that, at first look, is counterintuitive: There are too many laboratory scientists for too few jobs.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
Employers Demand Your Facebook Password
Surely this should be illegal, but for now it isn't. Potential employers, during an interview, are demanding applicants private passwords to personal online accounts.
When Justin Bassett interviewed for a new job, he expected the usual questions about experience and references. So he was astonished when the interviewer asked for something else: his Facebook user name and password.
Bassett, a New York City statistician, had just finished answering a few character questions when the interviewer turned to her computer to search for his Facebook page. But she couldn't see his private profile. She turned back and asked him to hand over his log-in information.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
You may wonder why to create jobs, government doesn't just stop offshore outsourcing them? We sure do. With that, the theme of this week's links is offshore outsourcing.
The Council of Foreign Relations has released a new study with the benign title, The Evolving Structure of the American Economy and the Employment Challenge. Contained within are some horrifying statistics for American workers. From 1990 to 2008, all of the job growth was in non-tradable jobs. In other words, your suspicions are true, any job that could be offshore outsourced....was offshore outsourced. You were traded for a cheaper offshore counterpart.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly under the radar finds that made our eyes pop. 
Ah, the never ending word gotcha games of Election 2012. The Internets went abuzz with binders as a symbol of female oppression after the second Presidential debate. We even have Amazon office binder reviews being 
Ah, we all know the claim offshore outsourcing is 
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy! 
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