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	<title>Comments on: India: Gujarat Diamond Workers Suicide in the Face of Crisis</title>
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		<title>By: Roy G</title>
		<link>http://www.balkingpoints.com/balk/archives/329#comment-247</link>
		<dc:creator>Roy G</dc:creator>
		<pubDate>Sun, 05 Apr 2009 05:13:41 +0000</pubDate>
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		<description>Welcome aboard Kayapyalalt. We&#039;re very interested in voices from around the world here on Balkingpoints. Let us know your nation please when you post again!</description>
		<content:encoded><![CDATA[<p>Welcome aboard Kayapyalalt. We&#8217;re very interested in voices from around the world here on Balkingpoints. Let us know your nation please when you post again!</p>
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		<title>By: Kayapyalalt</title>
		<link>http://www.balkingpoints.com/balk/archives/329#comment-245</link>
		<dc:creator>Kayapyalalt</dc:creator>
		<pubDate>Sun, 05 Apr 2009 01:18:36 +0000</pubDate>
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		<description>Great site this www.balkingpoints.com and I am really pleased to see you have what I am actually looking for here and this this post is exactly what I am interested in. I shall be pleased to become a regular visitor :)</description>
		<content:encoded><![CDATA[<p>Great site this <a href="http://www.balkingpoints.com"  rel="nofollow">http://www.balkingpoints.com</a> and I am really pleased to see you have what I am actually looking for here and this this post is exactly what I am interested in. I shall be pleased to become a regular visitor :)</p>
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		<title>By: Roy G</title>
		<link>http://www.balkingpoints.com/balk/archives/329#comment-237</link>
		<dc:creator>Roy G</dc:creator>
		<pubDate>Sun, 29 Mar 2009 17:20:41 +0000</pubDate>
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		<description>Hello Karen - I hope not! Good question actually because nearly all mutual funds and stock portfolios with normal diversity, are way down over the last 18 months. And so is real estate of course.

But I&#039;m a believer that the U.S. bill for the crisis - now in the trillions for various bailouts and stimulus - should be divided amongst today&#039;s citizens on a pro-rata basis, instead of being passed on to future generations in national debt. That means workers would pitch in some based on the assets they have left / could be deferred over a few years. But the very wealthy, whom I believe remain very wealthy after all devaluations, should be paying the brunt of it - especially after 3 decades of tax holidays they&#039;ve received during the failed Reagan / Bush era.</description>
		<content:encoded><![CDATA[<p>Hello Karen &#8211; I hope not! Good question actually because nearly all mutual funds and stock portfolios with normal diversity, are way down over the last 18 months. And so is real estate of course.</p>
<p>But I&#8217;m a believer that the U.S. bill for the crisis &#8211; now in the trillions for various bailouts and stimulus &#8211; should be divided amongst today&#8217;s citizens on a pro-rata basis, instead of being passed on to future generations in national debt. That means workers would pitch in some based on the assets they have left / could be deferred over a few years. But the very wealthy, whom I believe remain very wealthy after all devaluations, should be paying the brunt of it &#8211; especially after 3 decades of tax holidays they&#8217;ve received during the failed Reagan / Bush era.</p>
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		<title>By: Karen USA</title>
		<link>http://www.balkingpoints.com/balk/archives/329#comment-236</link>
		<dc:creator>Karen USA</dc:creator>
		<pubDate>Sun, 29 Mar 2009 03:18:35 +0000</pubDate>
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		<description>Diamonds are still getting bought for engagement rings, but maybe more smaller stones or lower clarity or something. I suppose other jewelry sales are down probably in the recession, or are the rich really broke?   ;)</description>
		<content:encoded><![CDATA[<p>Diamonds are still getting bought for engagement rings, but maybe more smaller stones or lower clarity or something. I suppose other jewelry sales are down probably in the recession, or are the rich really broke?   ;)</p>
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		<title>By: Roy G</title>
		<link>http://www.balkingpoints.com/balk/archives/329#comment-216</link>
		<dc:creator>Roy G</dc:creator>
		<pubDate>Tue, 24 Mar 2009 04:37:39 +0000</pubDate>
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		<description>Thanks for writing it Juliana. The videos are important to the story indeed. They are not something that would be very often aired on U.S. television, with the exception of our publicly and donor-funded network PBS (pbs.org)

And we&#039;ve received some hits from India to B/P, so I hope someone with close proximity to the polishing industry may post their remarks.

It is hard to believe a mere industrial shift, wrecks lives to the point of suicidal hopelessness and starvation. Like India, we also lack an adequate social safety net in the U.S. - we let displaced workers and an underclass of some 20 million, languish unemployed - yet still will rarely have people reach those levels of despair and deprivation.

India has been the recipient of some industry moved from the U.S., but 
this story shows how global economic currents can shift anywhere at anytime. And I still say it shows how the experiences and economic interests of workers in all parts of the world, are more connected now. 

And for Republicans reading, no that does not connote a socialist theory. With new technologies have incredible capacities now in the modern free-market system, to build new layers of prosperity all over the globe given time enough.

But you&#039;ll never get there, leaving those who power the engine - workers - exposed to total ruin every time market forces change. For we are also 
the consumers, whom are essential to a growing demand for goods and 
services of all kinds. Leave us unprotected, and the wheels come off of 
the consumption economy - as we are seeing precisely in this current 
worldwide recession.</description>
		<content:encoded><![CDATA[<p>Thanks for writing it Juliana. The videos are important to the story indeed. They are not something that would be very often aired on U.S. television, with the exception of our publicly and donor-funded network PBS (pbs.org)</p>
<p>And we&#8217;ve received some hits from India to B/P, so I hope someone with close proximity to the polishing industry may post their remarks.</p>
<p>It is hard to believe a mere industrial shift, wrecks lives to the point of suicidal hopelessness and starvation. Like India, we also lack an adequate social safety net in the U.S. &#8211; we let displaced workers and an underclass of some 20 million, languish unemployed &#8211; yet still will rarely have people reach those levels of despair and deprivation.</p>
<p>India has been the recipient of some industry moved from the U.S., but<br />
this story shows how global economic currents can shift anywhere at anytime. And I still say it shows how the experiences and economic interests of workers in all parts of the world, are more connected now. </p>
<p>And for Republicans reading, no that does not connote a socialist theory. With new technologies have incredible capacities now in the modern free-market system, to build new layers of prosperity all over the globe given time enough.</p>
<p>But you&#8217;ll never get there, leaving those who power the engine &#8211; workers &#8211; exposed to total ruin every time market forces change. For we are also<br />
the consumers, whom are essential to a growing demand for goods and<br />
services of all kinds. Leave us unprotected, and the wheels come off of<br />
the consumption economy &#8211; as we are seeing precisely in this current<br />
worldwide recession.</p>
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		<title>By: Juliana</title>
		<link>http://www.balkingpoints.com/balk/archives/329#comment-214</link>
		<dc:creator>Juliana</dc:creator>
		<pubDate>Tue, 24 Mar 2009 02:30:56 +0000</pubDate>
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		<description>Thanks for reposting. I hope you do visit the linked videos, they add quite a bit of information to the text!</description>
		<content:encoded><![CDATA[<p>Thanks for reposting. I hope you do visit the linked videos, they add quite a bit of information to the text!</p>
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		<title>By: Roy G</title>
		<link>http://www.balkingpoints.com/balk/archives/329#comment-203</link>
		<dc:creator>Roy G</dc:creator>
		<pubDate>Sat, 21 Mar 2009 22:25:47 +0000</pubDate>
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		<description>Well done Juliana, quite a stark expose of both the terrible ravages of the global recession, and also industrial shifts that were happening even before it.

We have seen many industries lost to the developing world, or gutted by new technologies, etc. But we get very little in the major U.S. media about how these shifts affect real people in other nations. (Owned by wealthy corporate interests, they&#039;ll barely cover domestic hardship circumstances either)

So, these are very important stories to tell - not just for illumination on those hardships, but I think they help us understand our commonalties as workers, wherever we may be stationed in the ever more inter-connected, commercial world.</description>
		<content:encoded><![CDATA[<p>Well done Juliana, quite a stark expose of both the terrible ravages of the global recession, and also industrial shifts that were happening even before it.</p>
<p>We have seen many industries lost to the developing world, or gutted by new technologies, etc. But we get very little in the major U.S. media about how these shifts affect real people in other nations. (Owned by wealthy corporate interests, they&#8217;ll barely cover domestic hardship circumstances either)</p>
<p>So, these are very important stories to tell &#8211; not just for illumination on those hardships, but I think they help us understand our commonalties as workers, wherever we may be stationed in the ever more inter-connected, commercial world.</p>
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