"Recovery"

The companies found some methods to deal with their economy problems, firms in the S&P 500 index rises its sales up 7.7 percent. Earnings have improved and sales are up, but workers still mad with their wages. According to HuffPost, the unemployed rate fell 9 percent from 9.4 percent; however employees left jobs because the wage is not enough. This unbalanced situation between the growth progress of the companies and the high rate unemployed is part of a recovery. 

Companies and statistic talk about a thriving recovery showing us numbers and techniques to improve our economy, but the reality of 9 percent of unemployed is another. If this destabilize is a normal step to solve the problem, so how much money the employees have to lose???

Walmart Controversy

On Thursday,  The New York Council let Walmart sets up the super new store. Even though Walmart  did not send any official represent to heard this decision,  there were many supporters out there. According to The Huffington Post, people against was there and protest against this harm project. However, when the pros and cons came up from the crown were not very clear.

Walmart:

• 62% of small businesses in New York City favor bringing a Walmart to town.
• Walmart CEO of US business Bill Simon, New Yorkers spent nearly $200 million at Walmart stores outside the city last year, which means the state is already losing tons of money.
• A typical store manager at Walmart apparently earns more than $130,000 a year. 
• In 2009 138,000 Walmart employees who were earning an hourly wage got promotions.

Small business owners:

• Walmart destroys three jobs for every two that it creates.
• Walmart workers earn sub-poverty wages
• Walmart is heavily subsidized by taxpayer dollars.

Even though the cons are less than pros, they are strongly enough to keep this area clean of Walmart idea. In this time of recession, we have to encourage the business owners in Brooklyn.