(AMERICA) U.S. Census Data Report: Country’s white population declined for first time in history last decade with increases among peoplewho identify as multiracial, Hispanic and Asian driving much of the population growth between 2010 and 2020 #AceNewsDesk report

#AceNewsReport – Aug.14: The US has also grown more urban over the past 10 years, according to the release from the US Census Bureau: The number of people who identify as multiracial increased by 276 per cent, from 9 million in 2010 to 33.8 million in 2020.

#AceDailyNews says that ‘The Latest Data Census Report: As the country is diversifying, but the population is growing at its slowest rate since the Great Depression as the non-Hispanic white population, which remains the largest race or ethnic group, shrank by 8.6 per cent over the decade and now accounts for 57.8 per cent of the US population — the lowest share on record.

https://www.census.gov/

The Hispanic population grew by almost a quarter over the decade. By comparison, the non-Hispanic growth rate was 4.3 per cent: The number of respondents identifying as Asian jumped more than a third, rising to 24 million people in 2020.

People who identify as a race other than white, black, Asian, American Indian, Native Hawaiian or Pacific Islander — either alone or in combination with one of those races — jumped to 49.9 million people, surpassing the black population of 46.9 million people as the nation’s second-largest racial group, according to the Census Bureau.

“The US population is much more multiracial and much more racially and ethnically diverse than what we have measured in the past,” said Nicholas Jones, a Census Bureau official.

Cities growing but population growth slowing

A person looks towards a built up cityscape from atop a high hill.
The south and west of the US had more growth than the midwest and north-east.

The figures also offered new details on the country’s slowing rate of population growth, which was the lowest for any 10-year period save the Great Depression in the 1930s.

The nation’s 7.4 per cent growth rate over the decade was largely propelled by boom in the Hispanic population.

More than half of all US counties lost population from 2010 to 2020, census officials said, and almost all growth occurred in metropolitan areas.

As in recent decades, the south and west had more growth than the midwest and north-east.

New York, Los Angeles, Chicago, Houston and Phoenix are the five largest US cities.

Phoenix, which grew faster than any other city in the top 10, pushed Philadelphia down to number six.

Adults made up more than three-quarters of the population in 2020, or 258.3 million people, an increase of more than 10 per cent from 2010.

However, the population of children under the age of 18 dropped 1.4 per cent, from 74.2 million in 2010 to 73.1 million in 2020.

Census critical to funding and representation

The data, which offers demographic and racial details of every community, arrived months later than originally expected after the census took longer to complete due to the coronavirus pandemic.

The release of the census data also marks the start of what will be a fierce partisan battle over redistricting, as states use the local data to begin drawing congressional and state legislative districts for the next 10 years.

States use the data to redraw district lines for the US House of Representatives after each census, based on where people now reside: US president is elected via the “Electoral College” system, but what is this system and how has it worked in the current presidential race?

In April, the bureau published state-level totals, showing that six states will gain congressional seats next year based on increased populations, as well as additional Electoral College votes starting with the 2024 presidential election.

Another seven states will lose seats next year.

Electoral analysts have said Republicans, who control more state houses than Democrats, could potentially erase the Democrats’ thin advantage in the House through redistricting alone: US Electoral College system explained

Some experts have questioned whether the census data may have undercounted certain populations, given the pandemic and the Trump administration’s unsuccessful effort to add a citizenship question to the survey: Trump drops census citizenship question

Civil rights groups said the failed attempt could nevertheless have dissuaded some immigrants from filling out census forms.

“While no data is perfect, we are confident that today’s redistricting results meet our high data quality standards,” Ron Jarmin, the bureau’s acting director, said.

Census results are also essential to determining the allocation of billions of dollars in federal funding, especially for schools and hospitals.

Addtional information: ABC/wires/US Census Poll/

#AceNewsDesk report ………Published: Aug.14: 2021:

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#census, #data, #great-depression, #usa

Austerity Kills Political Gain

Austerity

Austerity (Photo credit: Anne Helmond)

When a government imposes #austerity on the people who have less, than themselves they create a world of haves and have-nots! But this eventually leads to a society of l want what he/she has, and in many cases, l do not care how l get it! In the case of successive governments, this has led from bankers, to politicians and finally to the man or woman in the street! Now we are told there are no longer 3 classes of people in this country, but many more. The real truth is we live not in a society of classes, but in a society of people who lie for a living and call it business!

The fact that disturbs me the most, is people make comments like ” l did not steal or lie a lot” and then try to acquit themselves by relating it to bankers or politicians, siting examples as they proceed to justify their actions! But the biggest lie of all is the use of the word #austerity, as a way to convince us all, it is for our own good! The truth is if you tell people enough times, they will believe it! The real truth is they have asked for it, and now this government has given them what they asked for,so they have nobody to blame but themselves! The fact is in the end this party will be un-cloaked for what they are, and all they gained will be lost!

As their use of the word #austerity, that gave them the upper hand, will kill their political gain! Of course the real losers are the people who are living in our community, who became victims of this governments,#austerity measures!

Posted from WordPress for BlackBerry.

#cash4contracts, #blackberry, #government, #great-depression, #greece, #hiv, #united-states, #wordpress

How The Economy Collapsed As Goldman Sachs Thrived

 

Borrowing Under a Securitization Structure

Borrowing Under a Securitization Structure (Photo credit: Wikipedia)

 

English: Sign of the times - Foreclosure

English: Sign of the times – Foreclosure (Photo credit: Wikipedia)

 

I received a message courtesy of a news alert from New York Times on the morning of April 24 2010 saying breaking news alert. Now remember it was in 2008 when all hell was let loose on our economies and this was now 2010!

 

But the real story goes back to late 2007 as the mortgage crisis gained momentum and many banks were suffering losses! A fact that had never ever happened since well the great depression of 1930’s that started as this extract shows –

 

Extract One –

 

Economic historians usually attribute the start of the Great Depression to the sudden devastating collapse of US stock market prices on October 29, 1929, known as Black Tuesday;[9] some dispute this conclusion, and see the stock crash as a symptom, rather than a cause, of the Great Depression.[3][10]

 

Even after the Wall Street Crash of 1929, optimism persisted for some time; John D. Rockefeller said that “These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again.”[11] The stock market turned upward in early 1930, returning to early 1929 levels by April. This was still almost 30% below the peak of September 1929.[12]

 

 We never saw a return to so-called prosperity but in fact learned to embrace borrowing and lending as a way of life! Was this to protect our interests as consumers or just to play us like a game of chess, my personal believe is to play us and my reason will become clear very soon.

 

So let us return to this news alert of how as banks were suffering losses, Goldman Sachs executives traded email messages saying that they were making ” some serious money” betting against the housing markets!

 

It went onto say the emails released Saturday morning by the Senate Permanent Subcommittee on investigations, appear to contradict some of Goldman‘s previous statements that left the impression that the firm lost money on mortgage related investments!

 

It concluded in saying that in the emails Lloyd C Blankfein the banks chief executive, acknowledged in November of 2007 that the firm had indeed lost money initially. But it later recovered from those losses by making negative bets, known as short positions, ” enabling it to profit as housing prices fell and homeowners defaulted on their mortgages”

 

The final comment tells us all ” Of course we didn’t dodge the mortgage mess ” he wrote ” We lost money, then made more than we lost because of short’s”

 

As matters progressed it was revealed in statements made by people involved such as David A Viniar- In another message, dated July 25, 2007, David A. Viniar, Goldman’s chief financial officer, reacted to figures that said the company had made a $51 million profit from bets that housing securities would drop in value. “Tells you what might be happening to people who don’t have the big short,” he wrote to Gary D. Cohn, now Goldman’s president.

 

The sheer fact that betting on the fact of a falling mortgage market that could so easily have been manipulated by such cavalier attitudes to lending with the growing sub-prime market overheating! With of course the inevitable consequence of defaults was seen as a ” Gold Man” opportunity to make a lot of money, off the backs of people drowning in debt!

 

The additional factors of that selling short and buying long but in this case they had lent long at good over the top interest rates and now were selling short the borrowers.

 

Having used products designed with the intention of investment and utilising them to sell money and then to capitalise on the fact that people were failing to pay, it was a win win situation for making money. The fact that a number of companies set-up specifically to lend in this market were partners of Goldman Sachs made it so much easier and once it was all over just let them fall into bankruptcy or administration as examples of risky lending. This of course left the door open for tighter and tighter financial regulation. The fact that the banks would say yes but all the time having made their money in huge investments, they could now divest themselves of outside investors [The People] and concentrate on internal product design having learned how from this crisis. If they could make a billion then they could make a trillion by tweaking control of their products and sell them through ” third-party intermediaries” who should it all go wrong they would carry the can. As we all saw with a number of smaller financial companies going to the wall!

 

The world eventually recovered from the 1930’s crash and again in the 1990’s [ which  l will cover in more depth in another post] but this disaster is still not over! It looms like a black cloud daily overhead, blighting our lives and the imminent words uttered by governments and politicians alike about austerity. The fact is a lot of people suffered and some are still suffering from the 2008 crisis, but a lot made a lot of money and they made it out of manipulation of your savings, investments and borrowing! They never suffered like so many they have just got wise to the fact of how to avoid taxation and also make more money!

 

So in conclusion l say these banks and especially Goldman Sachs cannot fail not they are too big but they are like so many corporate entities, they know how to manipulate the system and most worrying how to manipulate people, using the simple watchwords! WANT – AND – GREED !

 

 

#david-viniar, #goldman, #goldman-sachs, #great-depression, #john-d-rockefeller, #new-york-times, #united-states, #wall-street-crash-of-1929