Former Maccabi Tel Aviv manager Moni Fanan is not unique in his tragic suicide. The last year, characterized by the current recession, has been responsible for countless other suicides and tragic incidents.
Ronan Bell, a 35-year-old Venice man from Venice, California, killed himself last month at a beach pier, when his financial debts drove him insane.
On April 16, a pharmacist opened fire on the Long Beach Memorial Medical Center, in California. He killed two co-workers before turning the gun on himself. An article in China View says about this particular incident, that Police cited the “tension going on in our society” as a contributing factor.
William Parente, a New York lawyer, who had lost roughly a collective 27 billion dollars for his clients, killed his wife and his two daughters, before killing himself in his Maryland Hotel Room on April 19.
The most famous suicide report in the last year was that of Freddie Mac CFO, David Kellerman, who was found hanging in the basement of his Washington home on April 22.
A report done by the U.S. Centers for Disease Control and Prevention exposed that in Los Angeles alone the suicide count went from 695 in 2007 to 805 in 2008.
Americans have nothing to compare this era to except for the Great Depression, in which, suicide rates rose from 14 to 17 for every 100,000 Americans from 1929 to 1933, as unemployment rates soared from 3.2 per cent to 24.9% in the same period.
An article in China Views says that, “Based on previous experience, researchers predict that suicide rates will go higher if the economy continues to deteriorate.” We all pray that this will not be the case, as we all can realistically expect lay-offs and unemployment to increase yet slightly more, as the economy does begin to pick itself up off of the floor.
The chief of psychiatry at Emory University Hospital in Atlanta, Steven Garlow said, “There is very clearly a relationship between macroeconomic conditions and suicideâ€¦in times of financial hardship, financial distress, upheaval, there is an increase in suicide.”
Since the recession does not only hurt the United States, but the whole world, the suicide back lash is also being observed globally. France Telecom, a bankrupt, state-run, French company has already lost 25 employees to suicide. The company has laid-off 22,000 workers between 2006 and 2008.