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The Gulf of Mexico oil spill is a national nightmare that seems to have no ending. Every day new details come out that are even more shocking than what we learned the day before. The truth is that life will never be the same in the Gulf of Mexico or for those who live along the Gulf coast. Now Barack Obama has made a big Oval Office speech and has tried to convince all of us that he is in charge of the crisis. Well, perhaps if he had tried to take decisive action a month ago the American people may have rallied around him. But right now the BP/government response to this disaster remains completely and totally chaotic. Nobody seems to be able to stop the leak, and BP has made the environmental nightmare far worse by dumping over a million gallons of highly toxic dispersants into the Gulf. U.S. government officials are running around holding press conferences and waiting for BP to do something. Meanwhile oil is pouring ashore and toxic gases are being detected at very alarming levels. The biggest environmental disaster in U.S. history is also quickly becoming one of the biggest economic disasters and potentially one of the biggest public health disasters. (Read More....)
There are quite a few U.S. cities that are complete and utter economic disaster zones in 2010 (Detroit for example), but there is something about the demise of Las Vegas that is absolutely stunning. In recent decades, Las Vegas has become a symbol for the over-the-top affluence and decadence of America. But now it is a microcosm of the economic nightmare that has gripped the entire nation. When the subprime mortgage crisis stuck, no major U.S. city was more devastated than Las Vegas. When the recession went from bad to worse, Americans decided that they really didn't need to gamble so much and casino revenues plummeted. Suddenly unemployment started to increase dramatically in Vegas and even today it continues to soar. Like so many other cities that are highly dependent on tourism and entertainment, Las Vegas has gone from boom to bust. Local officials are hoping that the worst will soon be over, but the truth is that the worst is yet to come. As the U.S. economy continues to unravel, average Americans will be spending what little money they do have to put a roof over their heads and to feed their families. The truth is that the glory days of Las Vegas are over and they are not coming back. (Read More....)
Perhaps the greatest victims of the economic nightmare that is unfolding right in front of our eyes are our children. The overall economic numbers are really bad, but when you examine the impact that this economy is having on children things get really horrifying. Today, 1 in 5 American children live in poverty and 1 in 4 American children are on food stamps. Experts tell us that about 50 percent of all U.S. children will be on food stamps at some point before they reach the age of 18. Up to half a million American children are homeless even as you read this. And yet we continue to insist that we are the wealthiest nation in the world. Well, if we are so wealthy, then why are so many millions of our children suffering so desperately? (Read More....)
As oil continues to pour into the Gulf of Mexico at a staggering rate, many are now starting to realize that the pain from this oil spill will be felt not just for months or years - but for decades. At least 4.2 million gallons of oil (and some estimates put the total at far higher than that) are already in the Gulf of Mexico causing untold damage to the ecologically fragile Louisiana coast. The oil has already made contact with the Chandeleur Islands off of the coast of Louisiana, and over the next few days more areas are expected to see oil come ashore. But just because this disaster is unfolding in slow-motion does not mean that this is not going to be a complete and utter tragedy for the Gulf Coast region. In fact, many of those living along the Gulf Coast now fear that this oil spill is going to do far more damage to the region than Hurricane Katrina did. And after Hurricane Katrina and everything else that folks living down there have been through over the past several years, the thought of weathering another massive tragedy is almost too much. (Read More....)
As a silent blanket of black goo that is now about the size of the state of Florida slowly but relentlessly drifts towards the Gulf Coast, communities in the region are bracing for an economic catastrophe that is being described as a "slow motion Katrina". Still reeling from the effects of Hurricane Katrina after all these years, many who depend on the Gulf of Mexico for their livelihood fear that the massive oil spill heading their way could prove to be an economic disaster from which they will never recover. Thousands of businesses in the region could go under before all of this is over, and millions could lose their jobs. As the gigantic mass of black oil kills and maims all the wildlife it encounters, and as it pushes dangerously close to the coastal wetlands, many residents are predicting that two of the most important industries in the region - seafood and tourism - will be completely and totally destroyed. (Read More....)
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16 Burning Questions About The Gulf Of Mexico Oil Spill That We Deserve Some Answers To
The Death Of Las Vegas
More Than 1 In 5 American Children Are Now Living Below The Poverty Line
8 Reasons Why The Pain From The Gulf Of Mexico Oil Spill Is Going To Be Felt For Decades
Will The Gulf Of Mexico Oil Spill Be An Economic Disaster That The Gulf Coast Will Never Recover From?