Is the Financial Crash 2.0 Coming? (tags)
Market ideology has been on the advance since the 1980s. Only a few voices warned of the risks and instability of the liberalized financial markets. After they profited from the generous bailout packages, the banks began to speculate against the most indebted countries.
Promote Public Housing! (tags)
A basic principle of the market economy is that the market only reacts to solvent demand, not to needs. If a need is not reflected in a solvent demand, the market simply does not react. The supply side expansion of affordable housing is key, not subject promotion.
The US's Public Housing Crisis May Worsen With Trump Budget (tags)
As of 2016, fully 90 percent of the nation's public housing households were headed by someone who is elderly, has disabilities, worked (or had recently worked) or was subject to work requirements through another program. Many are dependent on public housing...
Economic Inequality Divides Economics and Society (tags)
An unequal distribution of income paralyzes the whole economy... Redistribution from top to bottom in a national economy ultimately depends on which social groups can enforce their interests more strongly.
Rebirth of the One-Thousandth Society (tags)
The richest thousandth (0.1%) could increase their share in the total wealth very intensely since the 1980s. Their share is as much as the bottom 90%..While the millionaires increased their wealth enormously, the mass of the population is exposed to the continuing economic crisis.
Don't Break the Net is Astrotuf (tags)
Comment about this new group advertising on Facebook
hunger
America's Economic Dark Side (tags)
class war
Obama's Anti-Populist Agenda (tags)
class war
Social Inequality in America (tags)
injustice
Republican Paul Ryan's Budget: Cruel and Unusual Punishment (tags)
class war
Legislating Greater Wall Street Theft (tags)
grand theft
Income Inequality Undermining American Democracy (tags)
This is NOT a study of my own, merely a pointer to a piece published by the New York Times, dealing with growing income inequality, undermining US democracy.
America: Land of the Poor (tags)
class war
Banker Occupied Europe and America (tags)
bankers
America's Great Divide Between Rich and Poor (tags)
class war
Financial Terrorism Rules Eurozone (tags)
economy
economy
Obama Capitulates to Republicans (tags)
Obama betrayal
Growing Hunger in America (tags)
a growing unaddressed emergency
abusing Haitian children
Growing Poverty and Despair in America (tags)
what the dominant media won't tell you
The crisis calls for system alternatives and redistribution from top to bottom. Will the financial crisis encourage the transition to a new social order? A certain mix of good functioning markets and a strong welfare state leads to the best results.
The Great Plastic Meltdown (tags)
The real estate crisis turned out more serious than the bank's risk divisions estimated. The prices for new homes fell twelve percent in December 2007. The assets of private households shriveled two trillion dollars within a year.
US Crisis Sends Europe's Housing Market into Free Fall (tags)
Investor George Soros sees the worst economic crisis since the Second World War as the aftermath of heavy debts and the credit crunch. Speculative greed for profits and contempt for whistle-blowers led to the crisis. Will there be system correction or only cosmetics?
Real Estate Crisis in the US (tags)
Credit failures in the real estate business threaten the whole payment system between banks, private businesses and households handled through short-term credits..The US real estate crisis affects other economic sectors and countries and cal also lead to a shift in class relations.
How the Rich Become Richer and the Poor Poorer (tags)
The rich become richer by taking more from the poorer and the poor.. How long will humanity fall to capitalism and the asocial drives of a small clique of beneficiaries?.. We can't afford the rich.
'Hungry' dropped from report (tags)
If they are going to waste money producing all these worthless government reports at least they should write them in English that everybody can understand instead of using "very low food security" to mean "hungry"
Pension cuts and inequality wiping out retirement for American workers (tags)
For a growing number of US workers, dreams of a decent retirement are quickly evaporating as companies shift retirement costs onto workers, in the form of deductions from already declining wages, in order to maintain profits in a competitive global economy. In the wake of the post-World War II business boom, US workers were granted certain limited concessions in a three-legged system of retirement security that included individual savings, government programs and private employer pensions. Between the 1940s and the 1980s, private pensions with a guaranteed payout (also known as defined-benefit pensions), became a standard component of compensation for a large section of the American workforce.
Only the Rich Profit from US Growth (tags)
"The same Congress since 1997 has consistently rerfused to raise the minimum wage from $5.15.. The founding fathers defined their new form of government as government by the people for the people. In the meantime US democracy has become government by the rich for the rich.."
"The US economy grows but depends on the rest of the world supplying hundreds of billions of more goods to the US every year than come from the US.. This will not last forever.."
Iraqis Endure Worse Conditions Than Under Saddam, UN Survey Finds (tags)
A major study by the UN and Iraqi officials found that life in Iraq has decayed significantly since foreign forces invaded, following a general trend seen in most sectors since the imposition of a global embargo in 1990.
The President Plays Poker (tags)
The past tax cuts tore holes of billions in the federal Washington budget.. The ambitious reformer GWBush puts all his eggs in one basket, that his society of owners will not soon be mocked as a society of debtors.
From Robert Rector and Kirk Johnson
Study: Most tax breaks go to wealthy, add to federal deficit (tags)
Most of the benefits of tax-advantaged retirement accounts go to the highest wage earners. The poorest 40 percent of households have only about 5 percent of all the assets in these accounts, while the richest 10 percent have more than half.
Tenants Are Taking Charge in California (tags)
A new movement is building across the state of California in response to one of the most severe housing crises in the Country.