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44 Percent Of Unemployed Americans Have Been Jobless For Six Months Or Longer

Last month, the U.S. economy gained 162,000 jobs, which was the largest gain in three years and a far cry from the 700,000 jobs a month that were being lost in the beginning of 2009. But still, the unemployment rate remained steady at 9.7 percent and the underemployment rate actually ticked up to 16.9 percent. And as this new report from the Pew Fiscal Analysis Initiative shows, long-term unemployment is reaching scary new levels:

The federal government defines “long-term unemployment” as a jobless period of six months or longer. In March 2010, over 44 percent of unemployed Americans met or exceeded that standard — the highest rate since World War II. In contrast, during the severe recession of the early 1980s, the percentage of workers unemployed for six months or longer peaked at 26 percent in 1983. The high long-term unemployment rate represents the continuation of a decades long trend, one that has worsened after downturns but has persisted even during periods of growth.

6.5 million Americans have been out of work for 27 weeks or more, according to the Bureau of Labor Statistics. And this is a problem facing particularly older workers, with the rate for workers 55 and older almost double that of workers younger than 24.

Sadly, this epidemic of long-term unemployment coincides with the expiration of some tiers of extended unemployment benefits, courtesy of Sen. Tom Coburn (R-OK) and Republican obstructionism. So, if nothing else, these numbers make the case for a more robust system of “triggers” for fiscal stabilizers like unemployment benefits, so the unemployed don’t get hurt by political gamesmanship.

“Relying on Congress to extend benefits episodically to the long-term unemployed is not a good policy solution. The United States is a large nation with a variety of different local labor markets, and Congress may not have the political will to act when only a few states are in dire straits,” wrote Jeffrey Wenger and Heather Boushey. “In contrast, an automatic system that works would help states over multiple ups and downs over time—and really help the country by not having lagging states dragging down the national economy.”

Then, of course, there’s the matter of getting the long-term unemployed back to work, particularly for workers who lost their jobs in industries that may be permanently resetting at a lower level. But there doesn’t seem to be the widespread will in Congress for taking the major steps necessary.

As Boushey noted, “the private sector employs fewer people today than it did at the end of 1998, but our economy has an additional 32 million people over the age of 16. This means that the recovery we are in now must be a strong one, since we have a lot to make up for.” In terms of both the current and future strength of the economy, Congress needs to step up, or we’ll be stuck in this slow job-creation slog for a long time.

Exxon Paid Zero U.S. Income Tax In 2009, While Big Oil Defends Billions In Senseless Tax Subsidies

Over at ThinkProgress, Ben Armbruster highlighted a Forbes report on the taxes paid by top corporations last year. According to Forbes, General Electric managed to make $10.3 billion in pretax income, but paid nothing into the U.S. Treasury, as it counted its losses in the U.S., while registering its profits overseas. As Forbes put it, “GE Capital has displayed an uncanny ability to lose lots of money in the U.S. (posting a $6.5 billion loss in 2009), and make lots of money overseas (a $4.3 billion gain).”

And then there’s Exxon-Mobil, which paid more in income taxes than any other U.S. company last year, just none of it to the U.S.:

Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.

Instead, the $15 billion was divided among the countries where Exxon has set up one of its hundreds of foreign subsidiaries. In total, Exxon 122 foreign subsidiaries, including 32 in countries that are officially labeled tax havens by the U.S. government. It has 18 subsidiaries in the Bahamas, and 3 each in the Cayman Islands, Hong Kong, and Singapore.

In each of the last two years, the Obama administration has proposed eliminating the loopholes and incentives in the tax code that allow companies to set up subsidiaries in these low- or no-tax countries, which help them lower their effective tax rate by 20 points or more. Both times, the administration saw its efforts rebuffed by Congress and the Big Business lobby, which means that a $100 billion annual tax burden will continue to be shifted onto U.S. taxpayers (including corporations) that don’t engage in this sort of tax evasion.

But Exxon is not only avoiding U.S. taxes. As Mother Jones’ Adam Weinstein pointed out, the company also has the chutzpah to complain about high taxation, as its website claims that “energy innovation is already on the ropes because of excessive taxes, and it will be forever consigned to the dustbin by any new taxes on windfall profits.” Plus, the Big Oil lobby is currently running ads against what it calls “new energy taxes,” which is actually an effort by the Obama administration to cut $36 billion in senseless tax loopholes and subsidies for the oil industry.

So, to sum up, oil companies complain about high taxation, while paying no taxes and receiving corporate welfare from the federal government. I understand why they’d want to go to great lengths to protect such a sweetheart deal, but there’s no reason for the rest of us to buy it.

Deadly Record: Massey’s Mine In Montcoal Has Been Cited For Over 3,000 Violations, Over $2.2 Million In Fines

Massey Energy is actively contesting millions of dollars of fines for safety violations at its West Virginia coal mine where disaster struck yesterday afternoon. Twenty-five miners were killed and another four are missing after a explosion took place at 3 pm Monday at Massey subsidiary Performance Coal Co.’s Upper Big Branch Mine-South between the towns of Montcoal and Naoma. It is “the most people killed in a U.S. mine since 1984, when 27 died in a fire at Emery Mining Corp.’s mine in Orangeville, Utah.” This deadly mine has been cited for over 3,000 violations by the Mine Safety and Health Administration (MSHA), 638 since 2009:

Since 1995, Massey’s Upper Big Branch-South Mine has been cited for 3,007 safety violations. Massey is contesting 353 violations, and 127 are delinquent. [MSHA]

Massey is contesting over a third (34.7%) of the 516 safety citations the Upper Big Branch-South Mine received in 2009, its greatest count in the last 15 years. [MSHA]

In March 2010, 53 new safety citations were issued for Massey’s Upper Big Branch-South Mine, including violations of its mine ventilation plan. [MSHA]

Thousands of Safety Violations at Upper Big Branch Mine

Massey is now contesting $1,128,833 in fines for safety violations at the deadly Upper Big Branch-South Mine, with a further $246,320 in delinquent fines:

Over $2.2 million in fines have been assessed against Massey’s Upper Big Branch-South Mine since 1995, with $791,327 paid. Massey is contesting $1,128,833 in fines. Massey’s delinquent fines total $246,320. [MSHA]

Massey is contesting $251,613 in fines for citations for Upper Big Branch-South Mine’s ventilation plan. [MSHA]

Millions of Dollars in Safety Fines at Upper Big Branch Mine

Before yesterday’s tragic explosion, there have been three fatalities at Massey’s Upper Big Branch-South Mine in the last twelve years — one each in 1998, 2001, and 2003. Massey’s corrupt CEO, U.S. Chamber of Commerce board member Don Blankenship, has previously told employees that it was more important to “run coal” than follow safety regulations.

In 2002, President George W. Bush “named former Massey Energy official Stanley Suboleski to the MSHA review commission that decides all legal matters under the Federal Mine Act,” and cut 170 positions from MSHA. Bush’s MSHA chief, Dick Stickler, was a former manager of Beth Energy mines, which “incurred injury rates double the national average.” On October 21, 2009, the Senate confirmed President Barack Obama’s choice to replace Stickler, Joe Main, a “career union official and mine safety expert.” Massey’s Suboleski is still an active review commissioner.

Update

Although Upper Big Branch-South is a non-union mine, the United Mine Workers of America has sent expert personnel to the site of the accident, said United Mine Workers President Cecil Roberts:

We are all brothers and sisters in the coalfields at times like this.


Update

,Suboleski served out his term as a commissioner in 2006, and 2008 returned to Massey Energy on its board of directors.

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