By Nomi Prins with Craig Wilson | (Tomdispatch.com) | – – There’s a pile of money hiding offshore. It’s true that jobs are also leaving the United States because American companies find it convenient to cut labor costs by moving manufacturing abroad, the economic issue you’re hearing most about in this election season. But the […]
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Poverty
Now the 1% Live 15 yrs longer than the Poorest: The Death Gap’s Increasing
By Sam Pizzigati | ( Otherwords.org) | – – Rich people live longer than poor people. No big news there — we’ve known that health tracks wealth for quite some time now. But here’s what we haven’t known: The life-expectancy gap between rich and poor in the United States is actually accelerating. Since 2001, American […]
What is Political Revolution and Can Bernie Sanders Deliver?
By Ali R. Abootalebi | (Informed Comment) | – – The 2016 American presidential election can prove to be a turning point in the development of American politics. This is not because a declared democratic socialist is running for the post or because of Donald Trump’s outrageous statements and proclamations pointing to a serious rise […]
Why Americans are Angry: The Minimum Wage Trap
By Peter Van Buren | ( Tomdispatch.com) | – – When presidential candidate Bernie Sanders talks about income inequality, and when other candidates speak about the minimum wage and food stamps, what are they really talking about? Whether they know it or not, it’s something like this. My Working Life Then A few years ago, […]
Deepening Inequality Driving US Middle Class into Oblivion
By Deirdre Fulton, staff writer | (Commondreams.org) | – – “The hollowing of the middle has proceeded steadily for four decades, and it may have reached a tipping point,” Pew Research Center says A closer look at the shift out of the middle reveals that “a deeper polarization is underway in the American economy,” says […]
After 2008 Wall Street Crash, did US White Working Class Drink itself to Death?
Barbara Ehrenreich | ( Tomdispatch.com) | – – The white working class, which usually inspires liberal concern only for its paradoxical, Republican-leaning voting habits, has recently become newsworthy for something else: according to economist Anne Case and Angus Deaton, the winner of the latest Nobel Prize in economics, its members in the 45- to 54-year-old age group […]
The GOP Race as America’s Hunger Games
Nomi Prins | (Tomdispatch.com) | – – Fact: too many Republican candidates are clogging the political scene. Perhaps what’s needed is an American Hunger Games to cut the field to size. Each candidate could enter the wilderness with one weapon and one undocumented worker and see who wins. Unlike in the fictional Hunger Games for […]
Climate Change to throw 100 mn. People into Poverty
By Thalif Deen | (Inter Press Service) | – – UNITED NATIONS (IPS) – The UN’s heavily-hyped Sustainable Development Goals (SDGs), which were approved by more than 160 world leaders at a summit meeting in September, are an integral part of the world body’s post-2015 development agenda, including the eradication of hunger and poverty by […]