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Resource Pages
Mar 31, 2012
Kidney cancers: Major rise 'linked to obesity.'
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Chances of cancer cluster recovery dim for Acreage residents.
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China Beats U.S. With Power From Coal Processing Trapping Carbon - Bloomberg
...By 2006, Wang had his breakthrough in sight. He’d found a way to unlock a chemical stored in the coal that was poisoning his country and to put it to an unlikely use: cleaning China’s air.
The catalyst he discovered speeds reactions that convert methanol extracted from coal into a substance called dimethyl carbonate. By adding dimethyl carbonate to diesel fuel, Wang now plans to cut 90 percent of black carbon soot from the tailpipe emissions of 1,800 Shanghai buses by year-end.
“We said, ‘Let’s go to China, where we can leverage brainpower that’s cheaper and do something important for mankind,” says Wang, 55, a wiry, self-described workaholic who, on this January day, is taking a break from his laboratory to greet visitors in a conference room at Yashentech Corp., the couple’s Shanghai-based company.
Wasting Our Waterways 2012: Toxic Industrial Pollution and the Unfulfilled Promise of the Clean Wate
Clean & Green: Best Practices in Photovoltaics @glrppr
Student Sustainability Educators: A Guide to Creating and Maintaining an Eco-Rep Program @glrppr
Baby boomers had it all, now we and our children are stuck with the mess| The Guardian
How to pay less for healthy food | MNN
Setting the Record Straight...on War Spending. $625 billion of savings comes entirely from the lower caps
EPA pulls order forcing driller to provide water... Driller is pleased
"We are very pleased to see that the EPA's order has been withdrawn," Range Resources spokesman Matt Pitzarella said. "It's important for people to know that their environment, health and safety is protected and hopefully this provides them with that comfort."
Abuse cases in child welfare system hit historic low @jsonline
This is good news:
Threefold increase in the microbial production of biodiesel from glucose
The DSRS is an amazing and powerful new tool, the first example of a synthetic system that can dynamically regulate a metabolic pathway for improving production of fatty acid-based fuels and chemicals while the microbes are in the bioreactor,” says Jay Keasling, CEO of JBEI and one of the world’s foremost practitioners of synthetic biology, who led this research.Keasling, who also serves as the Associate Laboratory Director for Biosciences at Lawrence Berkeley National Laboratory (Berkeley Lab) is the corresponding author of a paper describing this research in Nature Biotechnology. The paper is titled “Design of a dynamic sensor-regulator system for production of FAbased chemicals and fuels.” Co-authors are Fuzhong Zhang and James Carothers of JBEI’s Fuels Synthesis Division, which is directed by Keasling.
Read more at NBF
Illegal ocean dumping persists despite DOJ crackdown
iWatch News...The ship’s owner, Cooperative Success Maritime S.A., was fined $850,000 and sentenced to five years’ probation after its guilty plea. And the chief engineer — after cooperating with authorities — was sentenced to one year of probation. “The oceans must be protected from being used as dump sites for waste oil or other hazardous substances,” said Maureen O’Mara, special agent-in-charge of the Environmental Protection Agency’s criminal enforcement program in Atlanta, in June 2010. A company attorney declined comment.
That Department of Justice prosecution is one piece of a larger federal crackdown targeting dumping on the high seas, a form of pollution that taints global waterways and is drawing increased scrutiny.
The weapons in the government’s arsenal: whistleblowers who can reap six-figure rewards for reporting dumping and sometimes providing secret cell phone photos to inspectors; investigators who hunt for “magic pipe” diversion devices hidden aboard massive ships; and ship operators pressed to change their ways or risk a ban from U.S. waters.
Over the past 10 years, a Justice Department Environment and Natural Resources Division report shows, the Vessel Pollution Program has triggered more than $200 million in fines and 17 years in prison for ship officers and executives. Four corporations that own and operate a Panamanian cargo vessel were fined $1 million last July — and banned from doing business in the U.S. for five years for deliberately dumping waste overboard and trying to hide their crimes.
LEED Commercial Certifications: 12,000 Served @USGBC
earthtechling “Twelve years after the first 12 projects earned LEED certification, the green building community has reached a significant milestone,” said Rick Fedrizzi, president, CEO & founding chair, USGBC, in a statement. “The momentum for green buildings is rippling around the globe, enhancing the built environment for generations to come.”
The 12,000th commercial project to earn LEED designation, in case you were wondering, is the Anahuac National Wildlife Refuge (Texas) headquarters and visitor center, which earned certification at the Gold level. The building—funded through the Recovery Act and rebuilt after the original center was destroyed by Hurricane Ike in 2008—will house new wildlife exhibits, an environmental education center and National Parks employees.
The project takes its place among more than 137,000 LEED registered and certified projects, homes, communities and neighborhoods around the world. (One day, we hope, the website of the USGBC will simply say, “billions and billions served.”)
This announcement comes at a significant time for the USGBC, which is currently deciding on the changes to its current standards via its trademark open voting process among member organizations. These changes are aimed at strengthening the benefit of the program to the environment, as well as to increase its utility to architects, home builders, and other building design professionals seeking those all-important LEED points. (Though this year’s proposed changes, as you may recall, have been met with less than love from the Forest Stewardship Council.)
Please read full and follow at: http://www.earthtechling.com/2012/03/leed-commercial-certifications-12000-served/
Denmark's 50% wind commitment and a path to fully renewable power
Denmark has committed to generating 50 percent of its electricity from wind sources by the year 2020, by which time the country hopes to have reduced CO2 emissions by 34 percent compared to 1990 levels. This renewed commitment to wind forms the central pillar in an energy bill that commits to obtaining 35 percent of the country's energy from renewable sources by that time. And Denmark actively aims to lower energy consumption, with 2020 usage 12 percent lower than that of 2006.
"Denmark will once again be the global leader in the transition to green energy," said Martin Lidegaard, Denmark's Minister for Climate, Energy and Building. "This will prepare us for a future with increasing prices for oil and coal. Moreover, it will create some of the jobs that we need so desperately, now and in the coming years."
The bill passed with a near-unanimous 171 votes out of the parliament's 179 seats.
Managing an OSHA Inspection: Answers to Frequently Asked Questions
Certain questions are asked frequently by clients when the U.S. Occupational Safety and Health Administration (OSHA) shows up unexpectedly at their doorsteps. These questions and many more are addressed in Epstein Becker Green’s OSHA Inspection Checklist desk reference guide, found on its OSHA Law Update blog. Scenario 1: An OSHA Compliance Safety and Health Officer (CSHO) arrives unannounced to begin an inspection, but the representative who the employer wants to manage the inspection is not present. Can the employer request that the CSHO return later or wait to start the inspection until the chosen representative is available? Answer: Yes, the employer can request that the CSHO return at a later time or wait a reasonable amount of time until the employer’s chosen inspection representative is available. The Occupational Safety and Health (OSH) Act grants to employers the right to be represented during an OSHA inspection and to accompany an OSHA CSHO during on-site inspection activities. The employer has the right to designate whoever it wants to fill that role. If that person is not available at the moment OSHA arrives but can be available in a reasonable amount of time, the employer can request that the CSHO wait or return later. OSHA’s Field Operations Manual explains that OSHA believes that waiting approximately one hour is a reasonable amount of time to delay the start of an inspection to wait for the employer’s selected representative to become available: When neither the person in charge nor a management official is present, contact may be made with the employer to request the presence of the owner, operator or management official. The inspection shall not be delayed unreasonably to await the arrival of the employer representative. This delay should normally not exceed one hour. Notwithstanding OSHA’s purported one-hour rule, unless the CSHO has a warrant or other exigent circumstances exist (i.e., imminent danger in plain view), the employer can refuse to consent to the inspection until its chosen representative arrives, so OSHA could not proceed with the inspection without obtaining a warrant, which generally takes at least a couple of days. |
Reports: Environment Agency gives go-ahead for fracking
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Feds, 5 states to push for Great Lakes wind farms
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Canada to speed up approval of big energy projects
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OSHA reaccredited as an authorized continuing education provider
http://www.osha.gov/pls/oshaweb/owadisp.show_document?p_table=NEWS_RELEASES&p...
Nuclear Commission Clears $10.2 billion Reactors in South Carolina - NYTimes.com
http://www.nytimes.com/2012/03/31/business/energy-environment/nuclear-commiss...
#EarthHour 2012 – A dissent and poll
#EarthHour celebrates ignorance, poverty and backwardness. By repudiating the greatest engine of liberation it becomes an hour devoted to anti-humanism. It encourages the sanctimonious gesture of turning off trivial appliances for a trivial amount of time, in deference to some ill-defined abstraction called “the Earth,” all the while hypocritically retaining the real benefits of continuous, reliable electricity.
People who see virtue in doing without electricity should shut off their fridge, stove, microwave, computer, water heater, lights, TV and all other appliances for a month, not an hour. And pop down to the cardiac unit at the hospital and shut the power off there too.
U.S. Fish and Wildlife Service Issues Land-Based Wind Energy Guidelines
On March 23, 2012, the U.S. Fish and Wildlife Service (USFWS) released its highly anticipated final Land-Based Wind Energy Guidelines. The Guidelines present a tiered approach for the consideration and analysis of potential impacts to wildlife and habitat from onshore wind energy development. The five-tier process and other guidance found in the Guidelines aim to efficiently avoid and minimize impacts to wildlife and habitat by guiding the decisions of developers from the initial stages of site selection through the development of project design and the ultimate construction and operation of a project.
While the Guidelines are voluntary, this new publication represents the informal rulebook by which the USFWS will judge the appropriateness of a site or project design and the adequacy of mitigation, including for purposes of enforcement. The new Guidelines replace the interim guidance published by the USFWS in 2003 and are effective immediately. The final version of the Guidelines does not significantly differ from the September 2011 draft version that was issued for public comment.
New wastewater treatment system could generate electricity too
The scientists’ report stated that commercial productions of the machine could prove to be a boon for areas facing sewage problems. The prototype is capable of processing five times more sewage than conventional technology at six times the efficiency. Moreover, it is doubly cost effective than its predecessors.
The scientists also improved the prototype’s energy recovery capacity from 2 to 13 percent, a significant leap that could pave the way for generating substantial electricity. According to them, future generations of the machine could provide for efficient waste water treatment for free. If successful, the issue of water scarcity could be addressed to a degree in areas facing water shortage.
'Muckbusters' help in converting food waste to usable, clean electricity
...The technical side of affairs entails the natural processing of the food by bacteria. This process of biological ‘chewing’ results in emanation of gases, which the machine can automatically filter for deriving of methane. This internal stream of methane is then passed through a heat and power system for generation of electricity.
Now, beyond the uniqueness of its functionality, there is clear practical side to this sustainable scope. According to the company, food is the largest single source of waste in California at 15.5 percent, which amounts to a whopping 6 million tons of food being dumped annually by Californians. In fact, figures show that the discarded food from San Francisco alone could account for clean electricity for 22,000 households!
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Increase in US Oil Production...Biofuels have made the largest contribution,
The above graphs shows US liquid fuel production, 1980-2011, broken out into its major components...You can see that at this point a large fraction of the liquid fuel numbers are not actually crude coming out of the ground.
This next picture shows the same data but putting the non C&C components onto the other axis so that they are not stacked on top of the C&C line:
This makes it clear that most of the production resurgence of recent years has come from the non-crude components. Biofuels have made the largest contribution, but NGLs and refinery gains have contributed also.
American Spending Goes Into Overdrive As Savings Plunge To 2008 Levels
The Consumption Dysfunction | ZeroHedge
The latest reports from the Bureau of Economic Analysis on economic growth and personal income and spending have, on the surface, appeared to show improvement. Spending is up more than expected and economic growth is clipping along at a 3% annual growth rate in the fourth quarter. That is the good news. As we have discussed in the past the consumer is the key to this whole economic equation. Consumption is 70% of the economy and, as long as the consumer has the ability to consume, the economy can chug along. However, therein lies the dysfunction as well.
The first chart shows GDP on a 10 year rolling percentage change basis. That massive decline in economic growth occurred even as consumption expanded from below 60% to over 70% of the economy. The belief is that expanding consumption should drive stronger economic growth but in reality the strongest economic growth was occurring while spending and debt levels remained at lower ranges and savings rate were high. Savings, as a function leads to productive investment as money is loaned to businesses for expansion or startup, real estate development, or the purchases of equipment. In turn production is increased which leads to higher levels of employment and income. During the 60-70's savings rates ranged between 6% and 15% versus 3.7% today.
Today, the belief is that if the system is flooded with cheaper dollars that the near-term dysfunction of the economy can be fixed through a consumption driven recovery. The problem, however, as we just discussed, is that production must come first. Production is the real source of healthy consumption in the economy. The debt driven consumption of the 80-90's was a slow moving cancer through the economy. Debt has to be serviced which, as debt levels increased without commensurate increases in income, diverted more and more income away from savings and ultimately productive investment.
The problem is that with the media viewing data from only one month, or quarter, to the next the long term trends are being missed.
In order for consumers to continue to consume at rates high enough to support long term economic growth they need increasing wage growth to offset the effects of inflation over time. This is currently not the case. In fact wages have been stagnant and declining since October of 2010. As of today's latest read - the year over year change in real disposable incomes fell 50% from where it stood in January. Even on a monthly basis real disposable incomes fell in both January and February. Mortgage and debt payments, insurance, utilities, food and auto payments must be met every month and these are just the bare essentials that consume a very large portion of the monthly household budget.
Food & Energy On The Rise - Savings On The Decline
Therein lies the obvious problem. As the rate of increase in income declines as food and energy costs rise - the deficit between income and expenses is made up with either decreased personal savings, increased debt or both. However, with credit tight, limited savings and engaged, either by force or choice, in debt deleveraging - consumers are struggling with higher food and energy prices as they try to maintain their current standard of living.
Food Poisoning's Hidden Legacy: Scientific American @marynmck
...It is a scary idea that food poisoning—which we think of as lasting just a few days—could instead have lifelong aftereffects. The incidence of such “sequelae,” in medical parlance, has been thought to be low, but not many researchers studied the problem until recently. New findings by several scientific teams suggest the phenomenon is more common than anyone thought.
A Common Problem?
Foodborne disease has an enormous public health impact even if you count only the initial, acute episodes of illness. The Centers for Disease Control and Prevention estimated in 2011 that the U.S. sees 48 million illnesses, 128,000 hospitalizations and 3,000 deaths every year from foodborne organisms. (The European Union had 48,964 cases and 46 deaths in 2009, the most recent year tallied.) The U.S. Department of Agriculture’s Economic Research Service calculates the cost of foodborne illnesses just from bacterial infection to be at least $6.7 billion, counting medical care, premature deaths and lost productivity. Researchers who attempt to track chronic effects say that the actual bill is much higher.
“People don’t understand the full consequences of foodborne disease,” says Kirk Smith of the Minnesota Department of Health, which lends its investigators around the U.S. “They think you get diarrhea for a few days and then you are better. They don’t understand that there is a whole range of chronic sequelae. And although any of them may not be common individually, when you put them together they add up to a lot.”
Does Foodborne Illness Trigger Lifelong Health Problems? @marynmck
Does Obamacare have a $17 trillion funding gap?
Senate Republican staffers continue to look though the 2010 health care reform law to see what’s in it, and their latest discovery is a massive $17 trillion funding gap.
“The more we learn about the bill, the more we learn it is even more unaffordable than was suspected,” said Alabama Sen. Jeff Sessions, the Republicans’ budget chief in the Senate.
“The bill has to be removed from the books because we don’t have the money,” he said.
The hidden shortfall between new spending and new taxes was revealed just after Supreme Court justices grilled the law’s supporters about its compliance with the Constitution’s limits on government activity. If the court doesn’t strike down the law, it will force taxpayers to find another $17 trillion to pay for the increased spending.
GreenWashing is killing longterm environmental protection efforts
Geothermal energy could generate 3 million megawatts power in US alone
But David Blackwell, one of the leading minds in the field of geothermal energy has reiterated the fact that there is endless potential that is going untapped across the globe in form of the heat generated by earth’s core. While the general perception is that we can harvest geothermal power only in places where there are hot natural springs, much like the Yellowstone national Park and its spectacular geyser field, the fact is that there are many other ways in which we can generate clean power from the endless heat engine that we call Earth’s core.
According to experts, United States alone could easily generate around three million megawatts of power from geothermal energy if the proper infrastructure is in place. This can be done by injecting liquids into sites and creating artificial geysers that can generate clean energy and the use of old and discarded crude oil stations, where an underground reservoir for injection of liquids would be already in place thanks to fuel companies.
Cooking up Energy: Waste gases from fried chicken offer clean power
In essence, the idea of Yu Chin’s invention is to create a cooking unit that will be independent from external power sources and can power itself on with ease. The process of frying a chicken obviously produces plenty of heat and all this heat and the gas produced can be channeled to generate energy in a unique way. It would be interesting to know if other cooking processes too can produce the same result. There are many kitchens across the globe that get uncomfortably hot while cooking and this technology might be translated to achieve similar results.
This special chicken cart is currently on display at the exhibition of dual use military technology in Lung-Yuan Research Park, Taiwan. The fried chicken power was inspired by military technology that uses heat from vehicles to produce additional power for the vehicle. While the technology in itself might not be revolutionary, it could help those many scores of fried chicken stands that you normally see and could improve quality of working conditions a whole lot.
iZen's Bamboo Keyboard for iPad Takes the Plastic Out of Electronics
Mississippi Residents Find Death Along Oily Gulf Shores
Government to reconsider nerve agent pesticides - Independent
The Government is to reconsider its refusal to ban neonicotinoid pesticides, the nerve-agent chemicals blamed for the collapse of bee colonies worldwide, the chief scientist at the Department of the Environment, Sir Robert Watson, told The Independent.
...The Government has refused previous requests to consider a precautionary suspension of the chemicals, which have been banned in France and Italy, despite mounting evidence that they are harmful to bees and other pollinating insects, even in minute doses.
Bees' role in pollinating crops is worth billions of pounds annually to global agriculture.
Even on Thursday, after the new studies were published, a spokesman for Defra said the new research did not change the Government's position, and that "the evidence shows that neonicotinoids do not pose an unacceptable risk to honey bees".
Mar 30, 2012
U.S. Employment by Industry, 1940 and 2010 » How we fell
Matthew Yglesias posted an image from an infographic released by the Census Bureau showing differences in the U.S. population between 1940 and 2010. This section of the graphic focuses on changes in the industries in which the U.S. workforce is employed. For instance, in 1940 23.4% of Americans worked in manufacturing, down to 10.4% in 2010:
Education, health, and social services have emerged as a major employment sector. On the other hand, while agriculture is a minor sector today (in terms of % of people employed), in 1940 nearly 1 in 5 people worked in agriculture. As Yglesias says,
Neonicotinoid Pesticides Linked To Bee Colony Collapse Disorder - Slashdot
Chinese leader asks Apple's Tim Cook to care for workers - Computerworld
In response to criticism of the working conditions at Foxconn's plants in China, Apple has defended its policies and opened up its Chinese supplier factories for an internal audit by a labor rights group.
On Wednesday, Cook visited a Foxconn factory in China. Apple released photos showing Cook at an iPhone production line at a newly built Foxconn manufacturing plant, which employs 120,000 people.
This is Cook's first visit to China as Apple CEO. Before becoming company head, Cook visited the country in 2010 to investigate working conditions at Foxconn factories following a string of worker suicides.
A Very Long Road for Military Nuclear Waste - NYTimes.com
Slowly, slowly, the Energy Department is moving forward with solidifying the liquid nuclear wastes left over from cold-war weapons production. On Thursday, the department said it had closed two more of the 51 underground tanks at the Savannah River Site in western South Carolina. The high-level waste was mixed with molten glass to keep it chemically locked up for millennia, and the lower-level material was mixed with a kind of cement that is supposed to keep it in place until the radioactivity dies down.
The department has 22 tanks at Savannah River that do not meet Environmental Protection Agency standards, mostly because they are single-wall tanks rather than double-wall. It closed two of them in 1997 but has faced numerous technical problems. Now it says it will have four more done by 2014 or 2015, and all of them by 2028. It is starting with the tanks that are closest to the water table because their contents would spread most rapidly if they leaked. (The area has a high water table.)
Please continue reading at:http://green.blogs.nytimes.com/2012/03/29/a-very-long-road-for-military-nuclear-waste/
Scripps Institute develops simple blood test to predict heart attacks and strokes
The rise of the machines, as told by workplace safety signs
Featured below is a small sampling from an incredibly amusing set of mechanical warning labels, collected by the folks at NOTCOT during this year's WESTEC manufacturing convention in Los Angeles.
For those unfamiliar with it, NOTCOT describes the convention as "the ultimate manufacturing show from the Society of Manufacturing Engineers… [featuring] amazing tools, waterjets, 3D printers, CNCs, microCNCs, robot arms, welding devices… and SO much more." In other words: The perfect birthplace for a robot insurrection.
May we all learn from the mistakes of these hapless stick figures, that we might be prepared for the very worst in the years ahead.
Check out the rest of the set over on NOTCOT.
Michigan Economy Shifts Into High Gear in January as Economic Activity Index Reaches 6-Year High
Comerica Bank's Michigan Economic Activity Index rose seven points in January, up to a level of 98. The January index level is 38 points, or 63%, above the index cyclical low of 60, and marks the highest index reading since January 2006 (see chart above).
I will be reading the "Hazard Communication Answer Book (Answer Books) by Mark Moran this weekend.
One day, this system will let you flush the toilet to keep the heat on.
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Great Lakes residents clash over water levels.
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Tightening up antibiotics on US farms.
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Occupational cancer rates in China climb as Several cancer rates decrease in USA
Li and colleagues estimate that in China about 3% of all cancer deaths in men and about 2% in women are due to workplace exposures. However, these figures are likely to underestimate the true situation.
http://johncherrie.blogspot.co.uk/2012/03/occupational-cancer-in-china.html
Several cancer rates decreasing in the USA
The US Centers for Disease Control (CDC) have published the latest "Annual Report to the Nation on the Status of Cancer", which shows that death rates from all cancers combined for men, women, and children continued to decrease between 2004 and 2008.
http://johncherrie.blogspot.co.uk/2012/03/several-cancer-rates-decreasing-in-usa.html
A proposed study could help determine a link between living near nuclear facilities and risk of cancer
living near U.S. nuclear facilities and having a higher risk of
cancer, but challenges and limitations exist, says a new report from
the National Research Council. To evaluate the feasibility of such a
study, the report recommends that a pilot study of seven nuclear
facilities be completed first, although the ultimate decision about
whether to perform either would be the responsibility of the U.S.
Nuclear Regulatory Commission. Please continue reading at:
http://www.nationalacademies.org/morenews/20120329.html
CBO | S. 1023, Haiti Reforestation Act of 2011... environmental recovery of 35% of Haiti’s land area within five years
increase efforts to restore forest cover, and improve management of
natural resources. The bill would set specific targets for those
efforts: promote the environmental recovery of 35 percent of Haiti’s
land area within five years, restore forest cover to at least 10
percent of Haiti within 30 years, and increase agroforestry (the
simultaneous production of trees with crops or livestock) cover to
more than 25 percent of Haiti within 10 years. Please continue reading at:
http://www.cbo.gov/publication/43145
Capsule removes radioactive substances from beverages
US $16.394 Debt Ceiling D-Day: September 14, 2012
Floating wind turbines to produce low cost renewable energy
Wind turbines that use human-like learning to improve efficiency
Australia: No emission limit on new coal plants.
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CDC - Severe Hand, Foot, and Mouth Disease Associated with Coxsackievirus A6 — Alabama, Connecticut,
http://www.cdc.gov/mmwr/preview/mmwrhtml/mm6112a5.htm?s_cid=mm6112a5_w
Researchers generate liquid fuel using solar generated electricity.
The Chart Of The Decade - ZeroHedge & infiniteunknown
The Chart Of The Decade (ZeroHedge):
This chart tells millions of stories. I’m trying to get my head around its implications.
That’s right: since 1984 (surely an appropriate year) while the elderly have grown their wealth in nominal terms, the young are much worse off both in inflation-adjusted terms, as well as nominal terms (pretty hard to believe given that the money supply has expanded eightfold in the intervening years). So why are the elderly doing over fifty times better than the young when they were only doing ten times better before?
Are young people a stupefied generation coddled by parents and government, addicted to welfare, junk food, drugs and reality TV?
To some extent, but are they any less fiscally and morally responsible than the marijuana-smoking, free-love-embracing, national-debt-accruing baby boom generation? That’s a matter of opinion, but my answer is probably not. Baby boomers hate Ron Paul, while the under-35s seem to love him.
Is it due to government policies that favour the elderly and screw the young?
America is suffering from excessive consumer debt:
Net worth is calculated by subtracting debt from assets. The biggest debt for most people is a mortgage. So having more mortgage debt or less mortgage debt tends to be a pretty good determinant of net worth. (And no — unlike in the United Kingdom and Australia which have a severe problem with housing affordability — housing in the USA is still cheap today priced in wages)
The biggest issue though, is this:
The truth may be that the inability of the unemployed to become self-employed is the force that is squeezing the jobless most. Certainly, job migration overseas has changed America, but why should it mean continued elevated unemployment? There is enough money to keep the economy flowing so long as there are opportunities for people to make themselves useful in a way that pays. With the crushing burden of overregulation and the problem of barriers to entry, these opportunities are often restricted to large corporations.
These issues of youth unemployment and growing inequality between the generations are critically important. Unemployed and poor swathes of youth have a habit of creating volatility in response to restricted economic opportunity.