File: The New York Stock Exchange trading floor during the May 15, 2014 IPO of Zendesk. (Flickr / Scott Beale / Laughing Squid)
17 Nov 2015

Report: Corporate America’s Higher Earnings Due To Stock Buyback Scams

Corporate America is cannibalizing the economy through stock buybacks, allowing the 1% to pocket more corporate earnings than ever before.

A factory worker adjusts his safety goggles fit over his ear in this March 2, 2011 photograph. His work shirt has a patch reading "Perfection is our Direction." (Flickr / Nick Harris)
09 Nov 2015

Support For Neoliberalism Is Killing Working-Class Whites

Middle-aged, working-class whites are dying faster than ever before, according to new research from Princeton. Are they voting away their own futures?

A collection of dirty coins seen inside the bottom of a piggy bank. (Flickr / JJ)
30 Oct 2015

100 CEO Retirement Accounts Equal To Savings Of 50M Families

A new report calculates that the retirement assets of just 100 CEOs add up to as much as the entire retirement account savings of 41% of American families.

Top wealth holders share of financial assets, Source: Credit Suisse
16 Oct 2015

Global 1% Own Half Of World’s Wealth, Social Security And Worker Pay Frozen

According to the 2015 wealth report by Credit Suisse, the global top wealth percentile now own half of all household assets in the world. The increased financialization of the world economy combined with political systems bent towards the wealthy has led to an incredibly unequal world where a relative handful of

Pyramid with the all-seeing eye , Public domain
13 Oct 2015

Less Than 400 Families Contribute Most Of 2016 Presidential Funds

How much longer can America’s plutocracy be denied? A recent report by The New York Times reveals that 158 of the richest families are now providing a “financial check on demographic forces” that are moving the country in a more progressive direction by contributing nearly half of all early money

Fight for 15 at annual McDonald's shareholders meeting in Oakbrook, IL, in May | Photo by peoplesworld
09 Oct 2015

Fight For 15: Minimum Wage Jobs No Longer Short Term

Though many Americans may still be under the impression that those working minimum wage jobs are just young people in their first job, evidence continues to show that a sizable and increasing portion of the minimum wage workforce are over 40 and staying in the “entry level” jobs for years.

Ben Bernanke participates in a discussion at the Ford School in 2003 (via Ford School on Flickr)
06 Oct 2015

Former Fed Chair Bernanke Says Bankers Should Have Been Jailed For ’08 Crash

Former Federal Reserve Chairman Ben Bernanke, who engaged in his own questionable conduct while head of the Fed, has now said that individuals should have gone to jail for engaging in the financial crimes that led to the 2008 financial crisis. Bernanke’s statement came last week during a book promotion

File: At an Occupy Wall Street march on March 15, 2012, a banner reads "Foreclose On Banks Not People." (Flickr / Michael Fleshman)
18 Aug 2015

Report: Cost Of Financial Crisis Reached $20 Trillion

Last month, the nonpartisan financial reform organization Better Markets put out a report claiming that the total cost for the 2008 financial crisis and resulting recession reached$20 trillion. The number comes from an estimate of how much of a toll the crash put on the gross domestic product with high unemployment/underemployment and the hollowing out of the middle class through foreclosures, deferred education, and bankruptcies.

12 May 2015

Victory for Grassroots as Fast Track Goes Down in Crucial Senate Vote

‘We know the forces pushing the job-killing TPP won’t stop here, and they should know, neither will we,’ says Democracy for America By Deirdre Fulton Update (3 pm EDT): In what was immediately heralded as a victory for the grassroots, Senate Democrats on Tuesday stymied President Barack Obama’s corporate-driven trade