Monday, May 21, 2012

More men enter women-dominated areas; Unpaid work experience in UK; China property prices fall; Rescuing Greece or the euro?; SA children's misery


1 More men enter women-dominated areas (The New York Times) After years of economic pain, Americans remain an optimistic lot, though they define the American dream not in terms of mansions and luxury cars but as something more basic — a home, a college degree, financial security and enough left over for a few extras like dining out, according to a study by the Pew Center on the States’ Economic Mobility Project. That financial security usually requires a steady full-time job with benefits, something that has become harder to find, particularly for men and for those without a college degree. While women continue to make inroads into prestigious, high-wage professions dominated by men, more men are reaching for the dream in female-dominated occupations that their fathers might never have considered.
The trend began well before the crash, and appears to be driven by a variety of factors, including financial concerns, quality-of-life issues and a gradual erosion of gender stereotypes. An analysis of census data by The New York Times shows that from 2000 to 2010, occupations that are more than 70 percent female accounted for almost a third of all job growth for men, double the share of the previous decade.
That does not mean that men are displacing women — those same occupations accounted for almost two-thirds of women’s job growth. But in Texas, for example, the number of men who are registered nurses nearly doubled in that time period, rising from just over 9% of nurses to almost 12%. Men make up 23% of Texas public schoolteachers, but almost 28% of first-year teachers. The shift includes low-wage jobs as well. Nationally, two-thirds more men were bank tellers, almost twice as many were receptionists and two-thirds more were waiting tables in 2010 than a decade earlier.
2 Unpaid work experience scheme in UK (The Guardian) A hospital trust is planning to extend a scheme under which dozens of unpaid jobseekers help deliver patient care in its wards. After a pilot involving six jobseekers working unpaid for eight weeks to help feed patients and clean wards, Sandwell and West Birmingham hospitals trust said it was aiming to extend the government work experience programme to all three of its hospitals.
Union representatives confirmed they had been consulted , and had initially consented to, plans that meant unemployed people could gain experience of work at the hospital. But they said they had not agreed that the jobseekers would "play a direct role in patient care" and said they were very worried about the prospect of this happening. After protests over the work expereince scheme earlier this year, ministers changed the rules to make it possible for jobseekers to pull out of their placements without having their benefits docked.
3 China property prices fall (The Guardian) Chinese property prices have continued to fall during April after the government kept policies in place to curb speculation. Newly built home prices fell in 46 of 70 mainland cities in April from a year earlier, the National Bureau of Statistics said. That compares with a decline in 38 cities during March.
The worry is that if property prices fall further then it will hurt growth in the world's second-largest economy.This fear was underlined by a Chinese government think tank on Friday which forecast that the country's economic growth may slow to an annual rate of 7.5% on the back of a property slump. During the first quarter of 2012, the Chinese economy grew at a pace of 8.1%. Last year, the Chinese government stopped providing nationwide home price statistics, and now only reports data on specific cities.
4 Rescuing Greece or the euro? (Eric Margolis in Khaleej Times) The last time Greece faced a crisis of this magnitude was in 490 BC when the armies and fleets from across the oceans were converging on Athens. The great Athenian leader Themistocles rallied his countrymen and defeated the invaders. Alas, this time the Greeks face Germany’s very tough, stern and able Frau Doktor Angela Merkel who has vowed to impose  “zucht und ordnung” (order and discipline) on the unruly Greeks. A potentially fatal run on Greeks banks is underway, with over 800 million euros withdrawn last week. The sky is indeed falling.

Who can blame Greek depositors? Default and an exit from the euro zone appear likely, meaning their money in Greece’s wobbly banks could end up being converted into re-born drachma, worthy only 50 to 30% of the euro. Greece’s recent political turmoil and inability to form a government shows its voters want the benefits of staying in the euro zone, but don’t want to pay their dues through taxes and slashing deficits.

What would happen to Greece if it quit the euro? Financial chaos, capital flight, riots and bank failures. But after the apocalypse, Greece would eventually revert to its 1960’s status: a poor but proud nation living off tourism, shipping, agriculture and fishing. Admitting Greece to the euro zone was a bridge too far. Euro membership should be limited to those nations that have solid finances and honest reporting. In short, a club of northern European nations that follow Germanic good government. Unprepared nations, like Greece, Romania, Bulgaria, Serbia, Moldova or Ukraine do not belong in the euro zone. Most have no business in the EU either.

5 SA children’s misery (Johannesburg Times) A yet to be released Unicef report gives detailed insight into unnecessary deaths and devastating living conditions of SA's children and demands that government take immediate action. With 11.5million of the country's 19million children living in poverty the report shows poor children are 17 times more likely to experience hunger and three times less likely to complete school than children from wealthier backgrounds.
South Africa is one of the most unequal countries, said Unicef's South African representative, Aida Girma. "The government must increase its understanding of inequity and its causes or lose the chid rights battle. The major problem is the government's lack of accountability and priorities. Four out of 10 children live in homes where no one is employed. In cases of dire poverty, this figure increases to seven in 10 children. More than 5million children are HIV-positive, with between 2,50,000 and 3,00,000 babies born to HIV mothers annually. 

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