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February 13 2014

08:00

The Rise (and Rise and Rise) of the 0.01 Percent in America - Derek Thompson - The Atlantic

Atlantic Monthly - By Derek Thompson - Feb. 13 (News) - The average 1 percenter is quite rich. But she lives in a state of relative poverty compared to the astronomical wealth of "the 1 percent of the 1 percent."

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Tags: U.S. Economy
08:00

Even Among the Richest of the Rich Fortunes Diverge

New York Times - By Annie Lowrey - Feb. 13 (News) - WASHINGTON — YES, we know the economic fortunes of the 99 percent and 1 percent have diverged over the last three or four decades. But the fortunes of the 1 percent and the 0.1 percent, or the 0.01 percent, or the 0.001 percent, have diverged even more. Economists have taken to calling it “fractal inequality.” It is not just that the rich have pulled away from the average American. It is that the richer you are, the more you have pulled away.

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February 05 2014

06:20

Senate Passes Farm Bill That Cuts Food Stamps, but Not Agribusiness

New York Times - Feb. 05 (News) - Senate Passes Long-Stalled Farm Bill

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January 29 2014

08:00

The Dangers of Obama Aiming Too Low on Inequality Issues in the State of the Union

AlterNet - By Steven Rosenfeld - Jan. 29 (Opinion) - Wage suppression is not just an issue facing the poor. It has been a decades-long trend across every American income bracket except for the very top. Oxfam recently released a global report on inequality and said that had the share of income going to the richest one percent stayed the same as 1980, each American would have about $6,000 more today. That equates to an 11 percent raise for the average U.S. income of roughly $51,000.

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08:00

You're Worth What You're Worth

Common Dreams - By Jon Stewart - Jan. 29 (Comedy News) - video

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January 25 2014

08:00

Republicans believe rich people just work harder. So how do they explain these statistics?

Daily Kos - By Laura Clawson - Jan. 25 (Opinion) - Rich people are rich because they worked harder, my ass. This is a convenient belief if you're wealthy, but in the vast majority of cases, reality it is not. And on that mistaken—and often self-interested—belief rests a long list of Republican policy positions that are increasing inequality and poverty, year by year by year.

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December 29 2013

08:00

A Rare Elected Voice for Socialism Pledges to Be Heard in Seattle

New York Times - By By KIRK JOHNSON - Dec. 29 (Special Report) - Kshama Sawant will join the City Council on Jan. 1 as one of the nation’s few elected socialists, a political brand most officials run from.

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December 28 2013

08:00

December 26 2013

08:00

A Step Toward Affordable Housing - New York Times

New York Times - By The Editorial Board - Dec. 26 (Editorial) - Editorial: A Step Toward Affordable Housing

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08:00

Women Are Swelling the Ranks of People Living in Extreme Poverty in America

AlterNet - By Ruth Rosen - Dec. 26 (Special Report) - Republicans find women’s appetite, as opposed to that of children, an embarrassment, hinting of sexual desire. Perhaps it is because this is part of the Republican war on women’s reproductive freedom: a single mother with children is somehow guilty of bringing on her own poverty. Whatever the reason, the rhetoric does not match the reality.

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08:00

Massive Inequality Didn't Just Happen—It Was Engineered by Conservative Government Policies

AlterNet - By Dean Baker - Dec. 26 (Opinion) - Trade is probably the best place to start just because it is so obvious. Trade deals like NAFTA were quite explicitly designed to place our manufacturing workers in direct competition with the lowest paid workers in the world. The text was written after consulting with top executives at major companies like General Electric. Our negotiators asked these executives what changes in Mexico's law would make it easier for them to set up factories in Mexico. The text was written accordingly. When we saw factory workers losing their jobs to imports from Mexico and other developing countries, this was not an accident.

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December 23 2013

08:00

In No One We Trust

readersupportednews.org - By Joseph Stiglitz - Dec. 23 (Opinion) - In America today, we are sometimes made to feel that it is naïve to be preoccupied with trust. Our songs advise against it, our TV shows tell stories showing its futility, and incessant reports of financial scandal remind us we’d be fools to give it to our bankers. That last point may be true, but that doesn’t mean we should stop striving for a bit more trust in our society and our economy. Trust is what makes contracts, plans and everyday transactions possible; it facilitates the democratic process, from voting to law creation, and is necessary for social stability. It is essential for our lives. It is trust, more than money, that makes the world go round.

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08:00

Op-Ed Columnist: Inequality for Dummies

New York Times - By By BILL KELLER - Dec. 23 (Opinion) - Op-Ed Columnist: Inequality for Dummies

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December 19 2013

08:00

Eight Immigration Wins in 2013

Think Progress - Dec. 19 (Opinion) - Although the year ended without a victory on an immigration reform bill, the reform movement achieved eight crucial victories in 2013.The post Eight Immigration Wins in 2013 appeared first on ThinkProgress.

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December 14 2013

08:00

Federal Judge Describes, Then Supports Plot to Rob Detroit Pensioners

AlterNet - By Frank Joyce - Dec. 14 (News Analysis) - It is important to understand that at no point has Detroit declared or requested bankruptcy. Indeed Detroiters and others in Michigan have resisted as best they could, only to be overpowered at every turn. As Judge Rhodes explains below, bankruptcy has been orchestrated from Lansing (the state capitol) with a lot of help from Wall Street banks and other financial players.

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December 12 2013

08:00

Is there $200 billion in duplicative federal spending?

Washington Post - By Glenn Kessler - Dec. 12 (Fact Check) - “I’m real disappointed in the [budget] deal. The GAO says we’ve got $200 billion in wasteful, duplicate spending every year. And what we do is we raise fees, raise money, steal money, raise the cost of pensions for federal workers.” –Sen. Tom Coburn (R-Okla.), interview on MSNBC’s “Morning Joe,” Dec. 11, 2013 In expressing his […]    

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08:00

House Republicans appear to be rallying behind $85 billion budget deal

Washington Post - By Lori Montgomery - Dec. 12 (News) - House Republicans appear to be rallying behind $85 billion budget deal - Washington Post

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Tags: U.S. Economy

December 11 2013

08:00

USW Criticizes TPP Trade Deal Negotiations

DigitalJournal.com - Dec. 11 (Press Release) - Leo W. Gerard, International President of the United Steelworkers (USW), today issued the following statement on the lack of transparency and other outcomes being negotiated in the current proposed trade deal with 11 Asian nations known as Trans-Pacific Partnership (TPP). Gerard participated in a media call with Members of Congress and a labor-environmental trade coalition earlier today.

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December 10 2013

08:00

Study: U.S. poverty rate decreased over past half-century thanks to safety-net programs

Washington Post - By Zachary A. Goldfarb - Dec. 10 (News Analysis) - Government programs such as food stamps and unemployment insurance have made significant progress in easing the plight of the poor in the half-century since the launch of the war on poverty, according to a major new ...

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08:00

A Future Rests on a Fragile Foundation

New York Times - By By ANDREA ELLIOTT. PHOTOGRAPHS by RUTH FREMSON - Dec. 10 (Special Report) - There are more than 22,000 homeless children in New York, the highest number since the Great Depression. This is one of their stories.

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