HowardHousing Collapse and the Election
Slave Theatre, Brooklyn NY
The Slave Theatre in Brooklyn NY, is named ironically, in that many events address the problem of the still lingering slave mentality in the Afro-American population, but we must face the slave mentality among all Americans. After this elections, where the Democrats have won the Congress and perhaps the Senate, this is really going to be coming to the fore.
If you want to make some quick money before the deluge, another company has listened to its banking advisors and globalized their production. That is Continental Automotive Systems, in suburban Buffalo NY. It makes sensors for engines and transmission controls. It is moving its production to the Phillipines, eliminating about 380 jobs (AP wire Nov. 2nd). "Rapid globalization and the emergence of lower cost producers are driving the restructuring of virtually the entire automotive industry," said Henner Cnyrim, Continental's senior VP of operations.
The beat goes on as well in the Saddam hanging verdict. Perhaps it would be better to have a trial of Pres. Bush for his war crimes. Hanging Saddam will only create more hate, death and violence.
The housing bubble's popping will create unbelievable pressures on the US economy. EIR magazine is studying a report by Merill Lynch, which documents that housing and its effects accounted for 24% of GDP growth in 2001. Housing construction and inflated prices accounted for almost 50% of growth in 2005. An estimated 1 to 2 million jobs from housing construction to logging, mining and other raw materials industries, and manufacturing industries will rapidly disappear. This is on top of the losses of auto, steel and other manufacturing jobs.
