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Showing posts with label #Heatingcosts #FossilFuel #RESOURCES #ENERGY #OIL #NATURALGAS #COAL. Show all posts
Showing posts with label #Heatingcosts #FossilFuel #RESOURCES #ENERGY #OIL #NATURALGAS #COAL. Show all posts

Tuesday, December 6, 2022

#HOUSING CRISIS ALSO #ASSAULTS ALL WORKERS CONFIRMING CLASS #WAR IS #GLOBAL

 JOIN AND SING OUR UNION ANTHEM:


YOU DON' T GET ME, I AM PART OF THE UNION 


Now I'm a union man (GENERIC)Amazed at what I amI say what I think, that the company stinksYes I'm a union man
… When we meet in the local hallI'll be voting with them allWith a hell of a shout, it's "Out brothers (SISTERS), out!"And the rise of the factory's fall
… Oh, you don't get me, I'm part of the unionYou don't get me, I'm part of the unionYou don't get me, I'm part of the unionTil the day I dieTil the day I die
… Us union men are wiseTo the lies of the company spiesAnd I don't get fooled by the factory rules'Cause I always read between the lines
… And I always get my wayIf I strike for higher payWhen I show my card to the Scotland YardAnd this is what I say
… Oh, oh, you don't get me, I'm part of the unionYou don't get me, I'm part of the unionYou don't get me, I'm part of the unionTil the day I dieTil the day I die
COME AND SING ALONG



… Before the union did appear
My life was half as clearNow I've got the power to the working hourAnd every other day of the year
… So though I'm a working man
I can ruin the government's planAnd though I'm not hard, the sight of my cardMakes me some kind of superman
… Oh, oh, oh, you don't get me, I'm part of the union
You don't get me, I'm part of the unionYou don't get me, I'm part of the unionTil the day I dieTil the day I die

The Chris Hedges Report


Know Thine Enemy




The expedited legislation passed by Congress to avert a strike by railroad unions dealt one more blow in the decades long war waged by the two ruling parties against the working class.


THE BETRAYAL OF THE WORKING CLASS


The Congressional decision to prohibit railroad workers from going on strike and force them to accept a contract that meets few of their demands is part of the class war that has defined American politics for decades. The two ruling political parties differ only in rhetoric. They are bonded in their determination to reduce wages; dismantle social programs, which the Bill Clinton administration did with welfare; and thwart unions and prohibit strikes, the only tool workers have to pressure employers. This latest move against the railroad unions, where working conditions have descended into a special kind of hell with massive layoffs, the denial of even a single day of paid sick leave, and punishing work schedules that include being forced to “always be on call,” is one more blow to the working class and our anemic democracy.


The rage by workers towards the Democratic Party, which once defended their interests, is legitimate, even if, at times, it is expressed by embracing proto-fascists and Donald Trump-like demagogues. Dating back to the Clinton administration with NAFTA, the greatest betrayal of the working class since the 1947 Taft-Hartley Act, the Democratic Party has become a full partner in the corporate assault on workers. The cloying feel-your-pain rhetoric, a staple of the Joe Biden White House, is offset by a hypocritical subservience to the billionaire class.


ARE POLITICAL PARTIES MORE EQUL THAN OTHERS?



In 1926, the havoc wreaked by rail strikes led to the federal government passing the Railway Labor Act to give itself the power to impose labor settlements on the rail industry. The Biden administration used this authority to broker a tentative labor agreement that would ensure a 24 percent pay increase by 2024, annual $1,000 bonuses and a freeze on rising health care costs. But workers would be permitted only one paid personal day and no paid sick leave. Of 12 unions  voting on the deal, four of them — representing 56 percent of union membership in the industry — refused to ratify it. Biden signed the legislation into law on Friday.

The railroad barons refuse to permit sick days because they have stripped the railroads down to skeleton crews in a process known as precision scheduled railroading, or PSR. In essence, no spare labor is available, which is why the reduced labor force is subjected to such punishingly short periods of time off and onerous working conditions.


Class struggle defines human history. We are dominated by a seemingly omnipotent corporate elite. Hostile to our most basic rights, this elite is disemboweling the nation; destroying basic institutions that foster the common good, including public schools, the postal service and health care; and is incapable of reforming itself. The only weapon left to thwart this ongoing pillage is the strike. Workers have the collective power to slash profits and cripple industry, which is why the ruling class has gone to such lengths to defang unions and outlaw strikes. A rail freight strike, it is estimated, would cost the U.S. economy $2 billion a day, with daily losses increasing the longer a strike continued.


100 YEARS LATER WITH LITTLE WORKER IMPROVEMENT



THIS IS AN ASSAULT ON DEMOCRCY AND WORKERS' RIGHTS EVERYWHERE




Sunday, November 20, 2022

INVISIBLE #ENERGY #SHORTAGES HIDE HUGE #ECONOMIC #CRISIS AHEAD

 

Our Finite World

Exploring how oil limits affect the economy



Today’s Energy Crisis Is Very Different from the Energy Crisis of 2005



Back in 2005, the world economy was “humming along.” World growth in energy consumption per capita was rising at 2.3% per year in the 2001 to 2005 period. China had been added to the World Trade Organization in December 2001, ramping up its demand for all kinds of fossil fuels. There was also a bubble in the US housing market, brought on by low interest rates and loose underwriting standards.

ENERGY KEY TO SUSTAINING CIVILIZATION


Figure 1. World primary energy consumption per capita based on BP’s 2022 Statistical Review of World Energy.

The problem in 2005, as now, was inflation in energy costs that was feeding through to inflation in general. Inflation in food prices was especially a problem. The Federal Reserve chose to fix the problem by raising the Federal Funds interest rate from 1.00% to 5.25% between June 30, 2004 and June 30, 2006.

Now, the world is facing a very different problem. High energy prices are again feeding over to food prices and to inflation in general. But the underlying trend in energy consumption is very different. The growth rate in world energy consumption per capita was 2.3% per year in the 2001 to 2005 period, but energy consumption per capita for the period 2017 to 2021 seems to be slightly shrinking at minus 0.4% per year. The world seems to already be on the edge of recession.

The Federal Reserve seems to be using a similar interest rate approach now, in very different circumstances. In this post, I will try to explain why I don’t think that this approach will produce the desired outcome.

EXPONENTIAL POULATION GROWTH WILL EXHAUST ENERGY RESOURCES


IS HUMANITY SUSTAINABLE?


KEY TAKEAWAYS

[1] The 2004 to 2006 interest rate hikes didn’t lead to lower oil prices until after July 2008.

[2] The purpose of the US Federal reserve raising target interest rates was to flatten the growth rate of the world economy. Looking back at Figure 1, the growth in energy consumption per capita was much lower after the Great Recession. I doubt that now in 2022, we want even lower growth (really, more shrinkage) in energy consumption per capita for future years.*

[3] While the growth rate in energy consumption per capita was much lower after 2008, the price of crude oil quickly bounced back to over $120 per barrel in inflation-adjusted prices in the 2011-2013 time frame.

[4] High prices in the 2006 to 2013 period allowed the rise of unconventional oil production. These high oil prices also helped keep conventional oil production from falling after 2005.

[5] A better way of looking at world crude oil production is on a per capita basis because the world’s crude oil needs depend on world population.

[6] Unconventional oil, if analyzed by itself, seems to be quite price sensitive. If politicians everywhere want to hold oil prices down, the world cannot count on extracting very much of the huge amount of unconventional oil resources that seem to be available.

[7] Figure 1 at the beginning of this post indicated falling energy consumption per capita. This problem extends to more than oil. On a per capita basis, both coal and nuclear energy consumption are falling.

[8] The world seems to be at a difficult time now because we don’t have any good options for fixing our falling energy consumption per capita problem, without greatly reducing world population. The two choices that seem to be available both seem to be far higher-priced than is feasible.


[9] Conclusion. Figure 1 seems to imply that the world economy is headed for troubled times ahead.


TOP BILLIONAIRE INVESTOR NOT POSITIVE ABOUT FUTURE


AGAINST ALL THE ODDS

AGAINST ALL THE ODDS
FREEDOM STANDS UNITED IN STRENGTH

Overpopulation plus Resource Exhaustion = Housing Crisis

Overpopulation plus Resource Exhaustion = Housing Crisis