The number of seniors living in poverty across the US is much higher than official figures suggest, says a new report by the Kaiser Family Foundation, with the rate twice that shown by US Census figures in twelve states. Released on Tuesday, the analysis by Kaiser also predicts that these troubling …
It is a sure sign of the systemic breakdown of the global capitalist system that the very measures put in place to try to prevent a crisis are creating the conditions for a financial meltdown beyond even the scale of 2008. For almost five years the world’s major central banks …
What is going to happen when the greatest economic bubble in the history of the world pops? Themainstream media never talks about that. They are much too busy covering the latest dogfights in Washington and what Justin Bieber has been up to. And most Americans seem to think that if the …
What do a zombie, handcuffs, a steamroller and a legislative luge run for job-killing trade agreements all have in common? They’re all apt metaphors of an expired, scandalously anti-democratic procedure called Fast Track. And, I should know. I just wrote the book on it. How this little-known but extremely dangerous procedure was …
You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold. Certainly, Soros himself doesn’t believe it, as the 13-F release issued by the Securities …
It is a sure sign of the systemic breakdown of the global capitalist system that the very measures put in place to try to prevent a crisis are creating the conditions for a financial meltdown beyond even the scale of 2008. For almost five years the world’s major central banks …
The latest poll of Morgan Stanley’s top clients from across the world says it all. Chief economist Joachim Fels tells us that not a single investor at the bank’s Florence forum thought the world economy would rebound with any strength later this year. Just a quarter expect a return to …
Given the current legislative efforts to reform health care, it’s not surprising that there are plenty of articles being written on the subject. But I was surprised that in just one day last weekend I managed to read three articles that blamed doctors for a decent chunk of our out …
As many doctors struggle to keep their practices financially sound,some are buckling under money woes and being pushed into bankruptcy. It’s a trend that’s accelerated in recent years, industry experts say, with potentially serious consequences for doctors and patients. Some physicians are still able to keep practicing after bankruptcy, but …
Israel has the highest poverty rate in the developed world, Haaretz concludes based on a new study by the Organization for Economic Cooperation and Development (OECD). The newspaper notes that with a poverty rate of 20.9 percent, Israel scores lowest out of 34 economically developed countries. The country also has one of …
As the recession that began in late 2007 drags through its sixth year, people are finally starting to ask if maybe inequality is to blame. After all, slow growth throughout the 2000s was associated with rising inequality, and inequality today is greater than it has ever been. Perhaps America’s falling …
As global capital becomes ever more powerful, giant corporations are holding governments and citizens up for ransom — eliciting subsidies and tax breaks from countries concerned about their nation’s “competitiveness” — while sheltering their profits in the lowest-tax jurisdictions they can find. Major advanced countries — and their citizens — …
Underwater homeowners and hundreds of allies barricaded the front door of the Department of Justice building Monday afternoon to protest the “too big to jail banks” who have shirked punishment despite having destroyed “homes, savings and livelihoods.” Organized by Occupy our Homes, Home Defenders League, Campaign for a Fair Settlement, along with a …
European Union Launches Investigation Into Manipulation of Oil Prices Since 2002 CNN reports: The European Commission raided the offices of Shell, BP and Norway’s Statoil this week as part of an investigation into suspected attempts to manipulate global oil prices spanning more than a decade. None of the companies have been accused of …
Bucking longstanding patterns in the United States, more poor people now live in the nation’s suburbs than in urban areas, according to a new analysis. As poverty mounted throughout the nation over the past decade, the number of poor people living in suburbs surged 67% between 2000 and 2011 — …