Anti Wage-Slavery Pro-Freedom Quotations Of The Week 1410-1412

The increased cost of living in B.C. coupled with the country’s highest rate of working-age people living in poverty is likely behind a sharp increase in the use of payday loans in this province, according to Canada’s largest credit union.

A study by Vancity shows the use of payday loans in B.C. jumped 58 per cent between 2012 and 2014 to the point where nearly 200,000 adults use the service.

“The surprise for us is just how the numbers have changed so rapidly,” said Vancity senior vice-president Linda Morris. “To see payday loan usage up nearly 60 per cent [is] troubling to us."

...

She said even more troubling is more people now have many loans — “people with 15 payday loans has skyrocketed by 600 per cent.”

B.C.’s increase in payday loans deemed troubling trend
Andrew Duffy / Times Colonist

January 29, 2016 06:00 AM
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 Crowds of young people milled in the streets as residents inspected the damage. Few voiced support for the looting, but they warned that people were cracking under economic hardship and unemployment.

“What happened here was mostly stealing,” said Moez Hlel, 28, who works as a cook.

He said he had seen looters carrying off a refrigerator the night before. “But in other places people are poor; they do not have enough to eat.”

“People are fed up; they cannot take it anymore,” he said, grasping his throat in a choking gesture.

“From the top to the bottom, the officials are corrupt,” he said.

Tunisia Sets Nationwide Curfew Amid Growing Unrest
By CARLOTTA GALL and FARAH SAMTI
New York Times
JAN. 22, 2016
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 Over five million jobs may be lost over the next five years globally due to the fourth industrial revolution and other socio-economic and demographic changes, but India and GCC countries are among a few countries with positive employment outlook, a new study showed on Monday.

...redundancy, automation or disintermediation, with the greatest losses in white-collar office and administrative roles.

Over 5 million jobs may be lost globally in 5 years

PTI/Davos
Filed on January 18, 2016
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