Sunday, April 24, 2011
Sunday, August 29, 2010
From February 1, 2009 - August 29, 2010
The economic uncertainty and turmoil is still impacting The Bayne Street Project and could conceivably hinder our work for years to come.
America and the rest of the world are changing and we have to accept this fact. Where these changes will lead us? No one really knows. However, there is a growing consensus that America is losing its middle class. The following article by Michael Snyder might give you some insight.
Here are the Stats to Prove It
Blogger's note: Michael Snyder is editor of theeconomiccollapseblog.com
The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America. The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.
So why are we witnessing such fundamental changes? Well, the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn't tell us that the "global economy" would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.
The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker 10 times more (plus benefits) to do the same job? The world is fundamentally changing.
Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new "global" labor pool. What do most Americans have to offer in the marketplace other than their labor? Not much. The truth is that most Americans are absolutely dependent on someone else giving them a job.
But today, U.S. workers are "less attractive" than ever. Compared to the rest of the world, American workers are extremely expensive, and the government keeps passing more rules and regulations seemingly on a monthly basis that makes it even more difficult to conduct business in the United States. So corporations are moving operations out of the U.S. at breathtaking speed. Since the U.S. government does not penalize them for doing so, there really is no incentive for them to stay.
What has developed is a situation where the people at the top are doing quite well, while most Americans are finding it increasingly difficult to make it. There are now about six unemployed Americans for every new job opening in the United States, and the number of "chronically unemployed" is absolutely soaring. There simply are not nearly enough jobs for everyone. Many of those who are able to get jobs are finding that they are making less money than they used to.
In fact, an increasingly large percentage of Americans are working at low wage retail and service jobs. But you can't raise a family on what you make flipping burgers at McDonald's or on what you bring in from greeting customers down at the local Wal-Mart. The truth is that the middle class in America is dying -- and once it is gone it will be incredibly difficult to rebuild.
22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America
1. 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
2. 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
3. 66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.
4. 36 percent of Americans say that they don't contribute anything to retirement savings.
5. A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
6. 24% of American workers say that they have postponed their planned retirement age in the past year.
7. Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
8. Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
9. For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
10. In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
11. As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
12. The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
13. Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
14. In the United States, the average federal worker now earns 60% as much as the average worker in the private sector.
15. The top 1% of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.
16. In America today, the average time needed to find a job has risen to a record 35.2 weeks.
17. More than 40% of Americans who actually are employed are now working in service jobs, which are often very low paying.
18. For the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
19. This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
20. Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
21. Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.
22. The top 10% of Americans now earn around 50% of our national income.
Even the sober Center on Budget and Policy Priorities says 46 states are facing a Greek-like crisis. These state governments must inaugurate an austerity regime to cut spending by $112 billion for FY2011.
FY2011 begins on Thursday, July 15, 2010. States have already cut over $300 billion from budgets in the past two years to make up for rising costs and disappearing revenue. For California and New York, this means some of the bloodshed is over. For other states, it's getting much worse. Unlike the Federal government, states can't just print their way out of a crisis. Except for Vermont, all states MUST balance the budget.
Pennsylvania -- 16% Cuts
Iowa -- 19% Cuts
Colorado -- 21% Cuts
Florida -- 22% Cuts
South Carolina -- 23% Cuts
Georgia -- 24% Cuts
Wisconsin -- 25% Cuts
Minnesota -- 26% Cuts
Oregon -- 29% Cuts*
Connecticut -- 29% Cuts
North Carolina -- 31% Cuts
Vermont -- 31% Cuts
Maine -- 32% Cuts
Arizona -- 35% Cuts
THIRD WORST: Illinois -- 36% Cuts
SECOND WORST: New Jersey -- 37% Cuts
THE WORST: Nevada -- 57% Cuts
BONUS: New York
For these reasons and many others, we recommend joining a permanent income network to protect yourself and your family. For more information on the largest permanent income network in the world. Click the following link.
Saturday, January 10, 2009
December 2, 2008 - January 31, 2009
The Bayne Street Project (TBSP) supports the statement of the U.S. Broadband Coalition entitled, "A Call to Action for a National Broadband Strategy". A comprehensive national Broadband Strategy will benefit every American citizen.
TBSP has authorized the Coalition to identify the Bayne Street Project publicly as a supporter of the statement. The "Confirmation of Support" for "Call to Action" was signed December 23, 2008 by the Chairman - George M Sistrunk.
In other news, because of continuing problems with the U.S. economy, tightening credit, rising unemployment and uncertainty concerning the financial viability of local businesses and government agencies in Orangeburg, South Carolina, the Bayne Street Project will curtail field activity until further notice effective January 2, 2009. During the interim, the Chairman will continue investigating ways and means to help families in Orangeburg and around the country earn part time income and acquire home computers.
The program concepts alluded to in a previous post are in the final stages of development and should be ready before March 2009.
Monday, November 10, 2008
The vast majority of websites that are currently online are inadequate for "21st Century" community needs and reality. Many local clubs, organized groups and churches do not even have a website. The following are just a few of the reasons why having a more proactive and interactive website is beneficial:
1. Increased productivity - Important messages can be posted, rather than typed and distributed.
2. Improved accessibility to leaders, administrators and/or staff - Message services and boards can be easily added to any site. Forms and documents can also be completed online; rather than in person.
3. Lower operating expenses - More meetings can be done online as well, thus lowering the cost of utility services and fuel.
4. Lower expenses mean a greater savings to members as a unit -These additional savings should encourage members to increase donations and contributions.
5. Improved operational efficiency - Bulletins, schedules, communications and forms can also be posted online and downloaded.
6. Members can shop locally, nationally or internationally and compare quality or prices , thus reducing the cost of fuel and maintenance on vehicles.
7. If dotws is used instead of dotcoms, increased revenues for community programs and sponsored activities.
8. The more individuals and families can do online, the more money and fuel individuals and families can save.
9 am - 6 pm - Monday thru Friday
After Hours: 1-585-406-2746
Mr. Murray and his staff can not answer your questions about Bayne Street. To find out more about The Bayne Project, contact us directly or read our blogs.
We have also solved the problem of paying for computers and staying online. The money saved in the Bayne Street Project's grocery service alone will pay for the computer, continued Internet access, essential household items, fuel for the car, van or truck and pay bills. If there are families or individuals that you know of in your community with online computers that need to save more money or increase their income, send them to the Bayne Street Project at:
Examine our services and programs for yourself for authenticity, accuracy and legitimacy. If you are satisfied this is a start, have them find my name (George Sistrunk) and join all the programs. All programs are free to join. You can even join yourself, setup your own blog or website and organize your community, neighborhood, friends, family, co-workers, congregation (If a church), members (if an organization) or other groups or clubs to work with you.
Even though the online programs and opportunities we have investigated, researched and represent will explain themselves, someone from "The Bayne Street Project" will be there to assist them and answer any additional questions they or you might have.
9:00 a.m. - 7:00 p.m. - Monday - Saturday
Ask for George Sistrunk if I do not answer the phone personally.
1-800-331-1274 Extension 39125
All anyone has to do is leave his/her name, telephone number and the best time to contact him/her. Someone from Bayne Street will call you back as soon as possible. If you establish your own project, have them call you or someone you designate for this purpose. Thank you for reading... Naturally, any computer/s you purchase and donate to a church or any non profit community based program organization is tax deductible.
Sunday, November 9, 2008
October 17, 2008 - November 9, 2008
In order to take advantage of Bayne Street's programs or any Internet-based resource, program, information or service, individuals and families must have their own home computer, a printer and Internet access.
Our services and programs are packaged together for a reason. Each service or income program supports the other; thus making it possible to increase savings or maximize potential income. By encouraging adults, young adults and especially families with school-age children to engage in and pursue legitimate and beneficial activities on the Internet, we can begin the process of developing beneficial or more productive mind-sets that can impact and change an individual's or group's precepts and concepts.
More taxes increase financial burdens on families that are already struggling with declining discretionary income. Working minority families have been behind the proverbial "8 ball" for hundreds of years. Using advanced, in-home, computer technology can move many of these families out in front of it for the first time in modern world history. Having an online home computer system with a printer to distribute information or to print documents, puts the power of advanced technology in every home.
As stated previously, the rising cost of living is depleting available financial resources for many families. In addition, Bayne Street's field testing has revealed many families across America also have credit related problems. Therefore, whatever in-home computer system an individual or family can use beneficially becomes a problematic acquisition issue.
The Bayne Street Project has taken the first major step to empower individuals and families. It is now possible for any and every family to be empowered with advanced in-home computer technology. Any person can purchase a highly advanced, Internet- ready, home computer system, direct from the manufacturer at the lowest possible price. We even have a national lender for all 50 states.
Even these efforts are not enough. Consequently, we are also contacting churches, entertainers, clubs, associations, civic organizations, business groups, professional athletes, authors, radio and television personalities, celebrities and foundations to help purchase computers for families that need them. However, non profit community based groups and churches must contact these individuals and organizations that have the financial means to purchase computers. By doing so, more individuals and families that need them, can acquire them and use them.
Anyone can help in this massive project by encouraging relatives, families and people he/she knows with school-age children to acquire a complete home computer system, either locally or online. Individuals and families can also purchase an advanced computer system at factory direct prices from the manufacturer we have contacted for this specific purpose. If purchased from the manufacturer, online and telephone assisted training and support services are available for first-time users.
That's why it is important to encourage first-time users and others to go online. You can also encourage intelligent, influential and concerned others in your commuity to do the same by making it possible for credit challenged families to acquire low cost; affordable, but, highly advanced computer systems. Individuals or families with good credit or cash money can acquire their own. Entire communities, towns and cities can organize themselves for this purpose.
Wednesday, October 15, 2008
Since May 31, 2008, the members of Bayne Street's Ad Hoc Committee have been continually immersed in personal, family, business and professional matters.
These personal, but extemely important matters have severely limited and restricted the amount of time we have been able to devote to the project. We had hoped that the situations, circumstances and the series of events that descended on the committee at the end of May would have subsided by now, but they haven't.
In fact, in many cases, personal situations worsened and this includes the passing of beloved family members. However, we are undaunted and will continue our work and commitment to bring more working families and computers together. We firmly believe this is most effective strategy to cope with new actualities that will emerge as the 21st Century nears.
The recent upheavels in the world's financial markets that have wiped out billions in investment portfolios are just the beginning of a worsening economic crisis. The world's oil crisis that exploded the price of fuel and consumer goods and services upward is not over either.
The news is not all bad, in fact, for Bayne Street participants in South Carolina, the news is exceptional good. We have recently allied ourselves with a national effort to accumulate $30,000,000.00 (Thirty Million Dollars) over the next 5 years, barring any unfortunate circumstances and events. The lessons we learned earlier this year played a significant role in our decision to join this effort.
More about this in our next blog post.
Tuesday, August 5, 2008
June 1, 2008 - August 5, 2008
Currently all members of the Bayne Street Project's Ad Hoc Committee are immersed in personal, family, business or other concerns.
There is very little time on a daily basis to devote to the Project. Even the acting Chairman, George Sistrunk, is heavily involved in personal and family matters that are consuming the majority of his time.
Since being on the Ad Hoc Committee is voluntary and not mandatory, the Project is not growing as rapidly as it did during the first 4 months. However, all the members are looking forward to the day when the situations, circumstances and problems that have arisen over the past few months abate, so they can return to building and growing Bayne Street.