Report (from the International Labour Organization): “The world faces the ‘urgent challenge’ of creating 600 million productive jobs over the next decade in order to generate sustainable growth and maintain social cohesion, according to the annual report on global employment by the International Labour Organization (ILO).

“The Global Employment Trends Report also said the world faces the additional challenge of creating decent jobs for the estimated 900 million workers living with their families below the US$ 2 a day poverty line, mostly in developing countries.

“‘Despite strenuous government efforts, the jobs crisis continues unabated, with one in three workers worldwide – or an estimated 1.1 billion people – either unemployed or living in poverty,’ said ILO Director-General Juan Somavia. ‘What is needed is that job creation in the real economy must become our number one priority.’

“Global Employment Trends 2012 says 74.8 million youth aged 15-24 were unemployed in 2011, an increase of more than 4 million since 2007. It adds that globally, young people are nearly three times as likely as adults to be unemployed. The global youth unemployment rate, at 12.7 per cent, remains a full percentage point above the pre-crisis level.”

My Comment: There is no solution in the creation of new jobs; on the contrary, production is expected to fall. The solution is to revise the entire economic policy, to train people to exist in the new world with limited employment, and to provide training and education for the entire population to live in the new social conditions, in which people’s participation in training and education is considered their work and is paid at the level, necessary for their existence.

Accordingly, a society that will gradually change under the impact of new integral education will be ready for a more equitable distribution of income.
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Opinion (George Soros, billionaire investor): “‘The measures introduced by the European Central Bank … have relieved the liquidity problems of European banks but they did not cure the financing disadvantage from which the highly indebted member states suffer.

“‘Half a solution is not enough. It leaves the weaker members of the eurozone relegated to the status of third world countries that become highly indebted in a foreign currency,’ he added.

“Germany he said was now acting as the ‘taskmaster,’ instead of the IMF imposing tough fiscal discipline.

“‘This will generate both economic and political tensions that could destroy the political union,’ claimed Mr Soros who was speaking at the annual press lunch at the World Economic Forum in Davos.

“‘There is a real danger that the euro will undermine the political cohesion of the European Union.’

“Mr Soros said he was not sure whether European authorities had ‘deliberately prolonged the crisis atmosphere in order to maintain the pressure on these countries or if they had been driven to their course of action by divergent views which they could not reconcile in any other way.’

“‘Either way it is Germany that dictates European policy because at times of crisis the creditors are in the driver’s seat,’ he added. ‘The trouble is that the austerity that Germany wants to impose will push Europe into a deflationary debt spiral.’”

My Comment: Only an understanding of universal dependence will lead to the solution at a round table, as in a family, where we need to take into account the needs and abilities of all members as a whole. But for this, you must destroy all the barriers. The EU should unite fully. The risk of destruction promotes this. It requires the will and desire, explanatory work and education of the Europeans in the spirit of unity. Otherwise, Europe will collapse and become reduced to the state of a third.
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Opinion (from WND Money): “‘With no existing government or financial institution solvent enough, respected enough or feared enough to lead the required re-balancing in peace, we believe the world will experience a painful re-calibration of economic strength and geo-political standing during 2012 in the midst of widespread civil insurrection and cross-border war,’ writes Charles Ortel, a managing partner with Newport Value Partners, LLC in New York City.

“‘The transformation of a contented and silent Majority into an irascible and vocal Majority will break many conventions in the United States and in other developed nations as incontrovertible evidence piles up weekly and perhaps daily over coming months that the status quo is broken for young and for old, as well as for workers and investors alike,’ he warns.

“Ortel foresees that civil unrest will intensify in the United States and in other developed nations…

“‘Some will manage to contain their activities to peaceful protests. However, we believe the far more likely scenario is that violence will result, especially in the United States where the wider population has more ready access to weaponry and where mobs have proven impossible to restrain.’”

My Comment: Many of my students are economists, and I see how difficult it is for a person to accept a new vision of society, world, family, and his, his family’s, and national sources of income. It is necessary, as Baal HaSulam points out, to create an example of a small town, which had undergone bankruptcy, plant closures, and revived itself in a new integral style.
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Opinion: (Richard Quest, CNN Anchor and Correspondent): “On Monday, Klaus Schwab, the World Economic Forum’s founder and executive director, told me he was disappointed with the progress made by leaders during 2011. He had been ‘hopeful that the economy would grow again. That is not the case.’ Schwab admitted he was ‘irritated by an increasing lack of willingness to deal with global issues.’

“Klaus Schwab is not a man noted for hyperbole or exaggeration. So when he told me of his worries about a ‘bunker mentality’ or ‘burnout’ in voters who ‘cannot cope anymore,’ then it’s probably time to worry.

“The reason this is so worrying is that there are still so many problems to be solved. Some, like Greece, are in danger of getting worse. There is still no solution, and the politicians are miles away from agreeing on the future direction for the euro crisis.”

My Comment: There are plenty of possibilities to delay the decision. Perhaps, this is useful and necessary. After all, it takes time and courage, developed due to the feeling of gradual suffering, to realize the hopelessness of the situation and the inadequacy of the previous models.

In the meantime, the method of integral global education (the transformation of the individual and society) and the new economic model of an integral society begin to emerge. Time will reveal “a time to cast away stones….”
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In the News (from BBC News): “Companies around the world are getting gloomier about the economic future again, according to an annual survey of global chief executives.

“For its survey, PricewaterhouseCoopers interviewed 1,258 chief executives in 60 countries during the last three months of 2011.

“Nearly half of bosses interviewed by accounting firm PricewaterhouseCoopers are forecasting that the global economy will decline this year.

“The number of business leaders that are ‘very confident’ their firms will grow has also fallen, from 48% to 40%.

“The survey was released as the annual meeting of the World Economic Forum in the Swiss mountain resort Davos got under way.

“With the eurozone crisis still unresolved, it is no surprise that chief executives of Western European companies are most pessimistic.

“But even Asian bosses are feeling economic pressures. Overall, just 42% are very confident, a fall from 52% a year before

“Most surprisingly, even in China – where year-on-year economic growth still runs at 8.9% – only a smidgen over half of the number of bosses surveyed expects to grow this year. That’s down a massive 21 percentage points from last year, when 72% were bullish about their business.

“Indian business confidence has plummeted as well, down from 88% to 55%.”

My Comment: Evidently, they have not fallen completely yet to admit that the new laws of the world are in effect now, which must be studied and obeyed. And therefore, the decisions of the Forum will be based on the old paradigm and will result in the decline of all economies, the growing number of the unemployed, homeless, hungry, and…those who protest. The latter will shake up society and lead to freedom from the control of the rich.
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Opinion: (Klaus Schwab, Executive Chairman of the World Economic Forum in Davos, from ntv.ru): “2012 is extremely important. We must do everything possible to prevent the crisis of the euro.

“It is important to hear the voice of the young generation, but they have big problems today, and the greatest of them is unemployment. We need to create about six million jobs. This is the question of social and political stability.”

My Comment: Unfortunately, they bet on the wrong horse. Who will speak there on behalf of the “young generation” and to whom? What a pathetic show of concern for the unemployed! The leaders have not yet realized that they no longer have time for PR.
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Opinion: (Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF)): “‘One can get the impression that we are faced with a global burnout syndrome,’ said Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), held annually in the Swiss mountain resort.

“‘Capitalism, in its current form, no longer fits the world around us’…

“‘We have failed to learn the lessons from the financial crisis of 2009. We have a moral divide, we are overindebted, we have neglected investments in our future, we have undermined social cohesion,’ he warned. ‘And we run the risk of completely losing the trust of future generations.’

The WEF’s 2012 Global Risks Report lists 50 dangers that echo these ideas.

“The authors said the most serious and credible risks included long-term imbalances of national budgets, income disparities, food and water crises, climate change, cybercrime and corruption.

“Many of these problems could lead into a dark future, ‘undoing the progress that globalization has brought,’ they found.

“Heads of state from nearly 40 countries are expected to travel to Davos to discuss these issues under the motto ‘The great transformation: shaping new models.’

“Activists of the global Occupy movement plan to let forum attendees know that they disagree with this argument, based in an igloo village they have set up in Davos.

“Forum participants were ‘incredibly arrogant,’ said David Roth, a young Socialist politician and co-organizer of the Occupy camp.

“‘All those who caused the crisis meet and pretend to be able to solve these problems,’ he said.”

My Comment: Neither the participants nor their opponents know how to solve the problem. However, the opponents of the forum are right: The arrogance—of both the participants and opponents—will not let them pay attention to the solution offered by Kabbalah.
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In the News (from NBC): “Thirty years ago, the average American owned 1.3 electronic devices — one TV, and a third of a radio.

“In 2008, that number jumped to 24 devices: cell phones, iPods, computers, digital cake batter mixers, and the like. In 2011, with the iPad, Kindle and competitors, Android phones, and even more technological treasures for the trove, the number is — still 24.

“This is a ‘gadget plateau,’ in which the consumer of consumer goods can consume no more. This means that companies, rather than creating more and more different gadgets and whizbangs for people to purchase, must improve on what’s already out there, and ensure that different extant devices are compatible with one another, according to the newspaper.

“The slowing down or even decline of consumers’ electronics purchases was inevitable, according to some industry experts.… But after a certain point, there are no more goods to replace or acquire.”

My Comment: The only choice is to either make products with planned defects or to reduce production. Alternatively, we can develop a new attitude to production, society, and life. In any case, we will have to sit down and think….
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Opinion (Chris Richardson , Deloitte Access Economics director, from ABCNews): “The latest quarterly Business Outlook by Deloitte Access Economics forecasts that Europe will be the key to growth globally and locally this year.

“The report, titled ‘Eurogeddon,’ warns that 2012 could easily bring a deep recession and widespread bank failures in Europe.

“Deloitte Access Economics director Chris Richardson says there is a 50-50 chance that Europe will muddle through the crisis….

“Mr Richardson says the European Central Bank is containing the situation by pumping money to the banks in the form of discount loans.

“’The money that Europe’s central bank is pumping out is working very effectively as sticky tape,’ Mr Richardson said.

“’It is going to the banks, but the banks in turn are passing indirectly some of it back to governments and that combination is holding Europe together.’

“But even if the sticky tape does hold, Deloitte still expects Europe’s problems to weigh on parts of the Australian economy.

“More finance jobs are likely to go, the unemployment rate is expected to rise to 5.5 per cent, and Mr Richardson, who describes Europe as a “seething cauldron of risk”, says the effects already are being seen in workplaces around Australia.

“’You’re getting employers who are giving employees overtime rather than taking on new people,’ he said…

“’At some stage China will have an ugly year and when they do it will be pretty bad news for Australia.’”

Comment: The sooner politicians and economists learn that the world is completely interdependent, the more chance there is to overcome the global Armageddon peacefully. In the meantime, everyone cares only about himself, blinded by his egoism, not realizing our total interdependence.
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In the News (From Reuters): “Standard & Poor’s downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday the 13th for the troubled single currency area.

“S&P cut the ratings of Italy, Spain, Portugal and Cyprus by two notches and the standings of France, Austria, Malta, Slovakia and Slovenia by one notch each.

“It put 14 euro-zone states on negative outlook for a possible further downgrade, including France, Austria, and still triple-A-rated Finland, the Netherlands, and Luxembourg.

“Germany was the only country to emerge totally unscathed with its triple-A rating and a stable outlook.

“French Finance Minister Francois Baroin, speaking after an emergency meeting with President Nicolas Sarkozy, played down the impact of Europe’s second-biggest economy being downgraded to AA+ for the first time since 1975.”

My Comment: It is time for the governments to revise their outlook on the interconnection of the world and draw conclusions: We must bring ourselves to full integration, to a society of reasonable consumption, and to raise everyone to the level of decent existence. This can be achieved gradually through total mandatory integral education and upbringing.

We need to gradually build this system of virtual learning and make everyone’s participation in listening to the lectures on integral education a condition for receiving salaries or benefits, and so on. In this case, we will appease the frustrated population and with its help, create the network of mutual assistance.
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