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News Economic distress

  1. Apr 23, 2009 #1

    Astronuc

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    There have been reports of increased domestic violence and child abuse in parts of the country.

    Apparent suicides and homicide/suicides which may be related to the economic problems.

    Police investigating death of Freddie Mac official
    http://news.yahoo.com/s/ap/20090423/ap_on_bi_ge/us_freddie_mac_official_dead_43 [Broken]

    FBI probes finances of man believed to kill family
    http://news.yahoo.com/s/ap/20090423/ap_on_re_us/us_hotel_bodies [Broken]


    Countries trying to cope with severe global slump
    http://news.yahoo.com/s/ap/20090423/ap_on_bi_ge/us_world_economy [Broken]


    Global recession worst since Depression, IMF says
    http://finance.yahoo.com/news/Global-economy-is-expected-to-apf-14996307.html [Broken]
     
    Last edited by a moderator: May 4, 2017
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  3. Apr 23, 2009 #2

    Vanadium 50

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    If one were to attack this scientifically, one would ask if there is a statistically significant increase in these incidents, and if and only if this is true, investigating the cause. I don't think the media has done step one of this - they have found some anecdotes and are leaping to conclusions.
     
  4. Apr 23, 2009 #3
    It is a bit early to do a statistical analysis. The media has only reported the tip of the iceberg regarding economic stress. Most of the incidents involving suicide and contemplated suicide in relation to economic stress are local. They don't make the national news.

     
    Last edited: Apr 23, 2009
  5. Apr 23, 2009 #4

    turbo

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    A county sheriff from eastern Maine was interviewed last night on the local news in conjunction with a story about a woman he had served eviction papers on. She had medical bills and no insurance, and she failed to qualify (by about $30 according to her) for low-income guidelines at the hospital. She took out a mortgage on her house to pay the medical bills but ongoing problems made it impossible for her to keep up the mortgage payments and the mortgage company foreclosed. The sheriff said that his department had served more eviction notices in the first quarter of this year than in all of last year.

    Situations like this are playing out all over the country, and it would be impossible to try to keep up with them all in real-time because the conditions are so fluid. We may know the effects of job-losses, uninsured health problems, and home mortgage foreclosures eventually, but it will come in the form of a post-mortem a few years from now.
     
  6. Apr 23, 2009 #5
    Does anyone recall the movie "Falling Down", with Michael Douglas?

    Unfortunately, this type of trend often follows regional or industry-specific economic crisis. The recent increase in gun sales is not reassuring in any way.

    Family, friends and community are very important in troubled times.

    I'm going to lose of few of you with this comment, but...this is why I happen to like Glen Beck...when you cut through all of his "stuff"...his underlying message is don't depend on the government or a company...think for yourself, help yourself and focus on family, friends and community.

    The way he gets to the point is absolutely debatable, but I think the final message is valid.
     
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