As inequality gradually worsened there have been attempts to redefine the middle class or deny its imminent destruction. But now there can be little doubt.
The Laura Flanders Show: From climate change to black liberation. Ecuador revolutionized its economy to benefit the people. Lessons of an ancient statue.
Corporate America is cannibalizing the economy through stock buybacks, allowing the 1% to pocket more corporate earnings than ever before.
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 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.
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
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
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.
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
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.