Economy

Widening Gap Between US Rich and Poor Is Unsustainable, Says Study

Posted by on September 8, 2014 in Economy with 1 Comment
Widening Gap Between US Rich and Poor Is Unsustainable, Says Study

The study, titled An Economy Doing Half its Job, said American companies – particularly big ones – were showing some signs of recovering their competitive edge on the world stage since the financial crisis, but that workers would likely keep struggling to demand better pay and benefits.

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Makers: Escaping the Pull of Big-Business

Posted by on September 7, 2014 in Economy with 0 Comments
Makers: Escaping the Pull of Big-Business

“The Makers,” features many of the prominent personalities within the maker movement. It also, however, features at least two picked straight from big business – including representatives from Autodesk who helped lead the charge for SOPA/ACTA as well as war profiteer General Electric.

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Homeless People Were Asked To Share a Fact About Themselves. Their Answers May Surprise You

Posted by on September 7, 2014 in Economy with 0 Comments
Homeless People Were Asked To Share a Fact About Themselves. Their Answers May Surprise You

#RethinkHomelessness asked our #homeless friends to write down a fact about themselves that other people wouldn’t know just by walking past them. Their answers may surprise you.

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Low-Wage Workers ‘Movement’ Flexes Its Muscles Nationwide

Posted by on September 4, 2014 in Economy with 0 Comments
Low-Wage Workers ‘Movement’ Flexes Its Muscles Nationwide

Employees of the fast-food industry demand $15 minimum wage and better workplace protections as actions expected in 150 cities across the country

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Nation’s Poor Remain Hungry as Wall Street Feasts

Posted by on September 3, 2014 in Economy with 1 Comment
Nation’s Poor Remain Hungry as Wall Street Feasts

According to the government figures, while a majority of people who were not always able to afford food last year were adults, 16 million children also went hungry at times, with 360,000 households reporting that their kids skipped meals or did not eat for an entire day because there was not enough money.

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Ten Ways We Can Build a Better Economic System

Posted by on September 2, 2014 in Economy with 0 Comments
Ten Ways We Can Build a Better Economic System

We can exist in harmony with our environment if we get rid of capitalism and promote respect for nature and understanding the interdependence of all forms of life.

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Krugman And The Keynesian Chorus Are Lying: Japan’s “Lost Decade” Is A Myth

Posted by on August 29, 2014 in Economy with 0 Comments
Krugman And The Keynesian Chorus Are Lying: Japan’s “Lost Decade” Is A Myth

The only way you can get to the “lost decades” story is if you start your chart exactly when Japan was busting and America booming. Unsurprisingly, this is standard practice of the “lost decades” storytellers.

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Making a Living on a Living Planet

Posted by on August 27, 2014 in Economy with 1 Comment
Making a Living on a Living Planet

Today the American labor movement — like the rest of American society and like labor movements throughout the world—is being forced to grapple with global warming, climate chaos, and climate protection strategies.

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The Winner-Take-All Economy

Posted by on August 25, 2014 in Economy with 0 Comments
The Winner-Take-All Economy

Several factors contribute to the broad sense that something in the economy is not right despite exuberant financial markets and a lower rate of unemployment. In our view, the primary factor is two decades of Fed-encouraged misallocation of capital to speculative uses, coupled with the crash of two bubbles (and we suspect a third on the way). This repeated misallocation of investment resources has contributed to a thinning of our capital base that would not have occurred otherwise. The Fed has repeatedly followed a policy course that sacrifices long-term growth by encouraging speculative malinvestment out of impatience for short-term gain. Sustainable repair will only emerge from undistorted, less immediate, but more efficient capital allocation.

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Bank of America Settlement Only Proves Invincibility of Wall Street

Posted by on August 24, 2014 in Economy with 0 Comments
Bank of America Settlement Only Proves Invincibility of Wall Street

U.S. government’s announced $16.65 billion settlementwith Bank of America announced on Thursday—so far the largest associated with the Wall Street-fueled mortgage malpractice that led to the 2008 financial meltdown—is more stage-acting than justice and more business-as-usual than real punishment

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14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst

Posted by on August 14, 2014 in Economy with 0 Comments
14 Reasons Why The U.S. Economy’s Bubble Of False Prosperity May Be About To Burst

Retail sales are extremely disappointing, mortgage applications are at a 14-year low and growing geopolitical storms around the world have investors spooked. For a long time now, we have been enjoying a period of relative economic stability even though our underlying economic fundamentals continue to get even worse. Unfortunately, there are now a bunch of signs that this period of relative stability is about to end. The following are 14 reasons why the U.S. economy’s bubble of false prosperity may be about to burst…

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Too Big To Fail’ Banks: Bigger, Badder… and Here To Stay

Posted by on August 6, 2014 in Economy with 0 Comments
Too Big To Fail’ Banks: Bigger, Badder… and Here To Stay

Nearly six years after the financial crisis of 2008 that helped spur a global economic meltdown, federal regulators in the U.S. on Tuesday declared that much-touted reforms designed to curb the threat of so-called ‘Too Big To Fail’ banks have done not nearly enough to end the prospect that taxpayers will be left holding the bag when the next bubble bursts or a new wave of Wall Street disasters strikes.

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Beware: Pump & Dump Stock Promoters Back to Their Old Tricks

Posted by on August 5, 2014 in Economy with 0 Comments
Beware: Pump & Dump Stock Promoters Back to Their Old Tricks

Previous generations defeated the Nazis. They stood up to the Soviet Empire and designed magnificent infrastructure. Modern day politicians have blown through it.

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Average American’s Net Worth has Dropped One-Third in 10 Years

Posted by on August 3, 2014 in Economy with 0 Comments
Average American’s Net Worth has Dropped One-Third in 10 Years

The study, conducted by the Russell Sage Foundation, showed that while the housing, stock and job markets have all improved, they’ve done so at different rates. The stock market has done the best, reaching record highs that have allowed Americans who hold equities to recover their lost wealth quickly.

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Labor Board Delivers Victory for Low-Wage McDonald’s Workers

Posted by on July 31, 2014 in Economy with 0 Comments
Labor Board Delivers Victory for Low-Wage McDonald’s Workers

Employers like McDonald’s seek to avoid recognizing the rights of their employees by claiming that they are not really their employer, despite exercising control over crucial aspects of the employment relationship… McDonald’s should no longer be able to hide behind its franchisees.

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