---> Is our Economy "The House of Cards" ready to fall - It may be necessary to restart it :

---> Is our Economy "The House of Cards" ready to fall - It may be necessary to restart it :

A city surrenders to Free Trade

Walmart built in the graveyard of the steel industy in Cleveland

The House of Cards Economy by Paul Donovan predicted the coming of our economic crisis. It was published twice in the Steel Industry Magazine - the first time about ten years ago.
See also Paul's article at Google .. Unions and the value of work - Ethics Box

Nov 10, 2010 ... The letters will be posted here at the Ethics Box. ... Labor news that no one talks about. This is by Paul Donovan a long time steel worker ...
http://www.ethicsbox.com/unions-and-the-value-of-work/

about unions and the value of labor-

HOUSE OF CARDS ECONOMY - Ready to fall _____________________________________

By: Paul M Donovan, Steelworker, Local 188 retired from SteelLabor Magazine 2001/2002.

People get worried because 5,000 (Cleveland) LTV steelworkers may soon lose their jobs and the community will lose millions of dollars because these jobs added dollars for others up the line from raw product to the finished product and then through distribution channels.

If this is dangerous, we should know that once there were 140,000 steelworkers in Ohio (1965 Statistics) represented by five union Districts. There is now only one District left in the State. In our local region, we once had 29,000 steelworkers and now there is less than 8000 left. (since then, 5000 more steelworkers have lost their jobs with only 3000 left in the region now in 2002).

Our region, which led the way in steel and other manufacturing, is now replaced by an economy based on taxpayers with very little value-added stages left. Of the top twenty-five employers, five are government employers. The biggest employer is the Federal Government with the County and Cities close behind. Seven are related to the medical industry. Three are in school systems or colleges. Two are utilitiy companies. Following these employers are banks and insurance, which depend on other value-added stages to exist. So, out of the top twenty-five employers, only two are left who are value-added manufacturers.

This is an economy based on a house of cards. ( and primarily supported by taxpayers.), If only a few more cards are pulled from the base the whole thing will topple. The businesses that are thriving are temporary help offices, payday loan stores and equity loan businesses. This is not a foundation to build your economic house. We have a house of cards economy ready to fall.

(Paul M Donovan )

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On Sweatshops -By Ray W. Tapajna from Catholic Universe Bulletin, 4/4/97

I am afraid the textile industry is not the only one that depends on sweatshop conditions.

We represented the last computer manufacturer who actually made computers in this country. Computers are only assembled here by $5.50 an hour workers with the parts coming from all the sweatshops of the world. Even software is now included with the White House awarding a contract to the lowest bidder from India.

We can also do the same with almost every industry now with only a brand name left as the face to the customer. Everything else of the company like this no longer exist.

I have been trying to get the story out for years with very little success with both parties backing NAFTA and GATT. Both bills were passed in a fast track mode too. GATT was passed by a lameduck Congress which did not answer to the people.

If you just cover one area in clothing goods, you may be doing an injustice because this issue alone will hide the rest.

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