Economy

Chris Hedges at Flood Wall Street: “Capitalism Exploits Humans”

Posted by on September 23, 2014 in Economy, Videos with 0 Comments
Chris Hedges at Flood Wall Street: “Capitalism Exploits Humans”

Hundreds of protesters crammed the streets of Lower Manhattan, clashing with the NYPD as they attempted to march down Wall Street. Kmele Foster, co-host of Fox Business’ The Independents, met up with Pulitzer-Prize winning author Chris Hedges for a heated debate on the merits of capitalism.

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Rigged Gold Price Distorts Perception of Economic Reality

Posted by on September 22, 2014 in Economy with 0 Comments
Rigged Gold Price Distorts Perception of Economic Reality

The Fed and its agents rig the gold price in the New York Comex futures (paper gold) market. The bullion banks have the ability to print an unlimited supply of gold contracts which are sold in large volumes at times when Comex activity is light.

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Child Poverty Rate Declines In America For First Time Since 2000

Posted by on September 18, 2014 in Economy with 0 Comments
Child Poverty Rate Declines In America For First Time Since 2000

The poverty rate for children fell nearly 2 full percentage points last year, according to the US Census Bureau.

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Poor Americans Debt Burden Highest in History

Posted by on September 16, 2014 in Economy with 0 Comments
Poor Americans Debt Burden Highest in History

The poorest Americans now owe 156% of their pretax income to creditors, according to a new study by the Federal Reserve Bank. The poorest have more debt relative to their net worth in American history, owing $1.37 for every dollar they own.

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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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