Poverty

Ann Arbor (Informed Comment) – UN World Food Program surveys in August and September, Al Jazeera reports, found that 93 percent of Afghans already are not getting sufficient food, for the most part because they lack the cash to purchase it. Things are about to get worse, as Afghanistan under the Taliban is cut off […]

Featured

On Labor Day, Poverty for Workers has fallen from 12.8% to 8.5%

Juan Cole

Revised. Ann Arbor (Informed Comment) – This Labor Day, American workers finally have something have to celebrate, by virtue of having voted for a Democratic president and Congress. The pandemic-driven labor shortage has raised wages. Direct payments from the government, including an expanded child tax credit and expanded unemployment benefits added $3,200 to the income […]

Debt

Only $3 Bn. of Federal $46 Bn rental assistance dollars reach renters, as eviction moratorium ends

Cronkite News Arizona PBS

By Brooke Newman | – ( Cronkite News) – WASHINGTON – The federal government’s COVID-19 moratorium on renter evictions ended Saturday, leaving thousands of Arizona renters vulnerable while state and local officials have distributed just a fraction of the funding aimed at keeping people in their homes. Government agencies in Arizona received almost $495 million […]

Debt

Why we need a Debt Jubilee for Renters as the Covid eviction Moratorium expires

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – What is going to happen when the eviction protections now scheduled to expire at the end of July finally do so? The rental deficits hanging over some tenants’ heads are so extreme that default is virtually inevitable, and the numbers affected so many that rental debt is […]

Employment

Dear National Public Radio: The Stock Market is not the Economy– Tell us about Hunger and the Real Unemployment Rate

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – I have a pet peeve with NPR. Why do so many of its top- of- the- hour five minute newscasts begin and end with short stock market updates? Is there no more important factoid its news editors could be passing along to us? NPR likes to portray […]

Plutocracy

How global tax dodging costs lives: new research shows a direct link to increased death rates

The Conversation

By Bernadette O’Hare and Stephen Hall | – Tax abuse is an expensive business. According to a recent report by the Tax Justice Network, avoiding or evading tax deprives governments across the world of around US$427 billion (£302 billion) every year. This is money that could otherwise be spent on things like clean water, sanitation, […]

Epidemics

Pfizer and Big Pharma need to waive Patents on Covid-19 Vaccine to Save the World

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – It is a familiar story. A Pharma giant sells life- saving vaccine , which costs no more than 7 dollars a dose, to most nations at almost 20 dollars per shot. Knowing that unseemly profits in the midst of a global pandemic may elicit outrage and perhaps […]

Inequality

Just how Bold is Biden’s Plan to Pay for Infrastructure by Making Rich Pay their Fair Share?

Sam Pizzigati

( Inequality.org) – President Joe Biden has made no secret of his admiration for Franklin D. Roosevelt. He’s even given a painted portrait of FDR the most prominent place of honor in the White House Oval Office. A bit more significantly, Biden has just announced the most ambitious gameplan — since FDR’s New Deal — […]

African-Americans

Systemic Racism won’t End with One Trial, But Biden-Harris can enlist Government in addressing Economic Inequality at its Root

Juan Cole

Ann Arbor (Informed Comment) – African-Americans face aggressive policing in part because, on average, they lack resources. Household wealth allows a family to donate to political campaigns, to ensure a good education for their children, and to join influential civic clubs and organizations. The Center for American Progress reports that in 2019, before the distortions […]