Student debt

The Poverty Machine: Student Debt, Class Society, and Securing Bonded Labor – Jeremy Brunger

At the dawn of the 20th century, very few American students attended high school, as the demands of the heavy-industrial and the agricultural economies of that period were ill-suited to an extended education beyond the family sphere. In the middle of the 20th century, most Americans who either aspired to or had to work entered the full-time workforce immediately after high school, …

IMF Greece Financial Crisis

At Behest of IMF, Jamaicans Face Harshest Austerity Policies in World: Report

Thanks to policies imposed by the International Monetary Fund and embraced by the domestic government, the Caribbean nation of Jamaica—saddled with poverty and international debt—has the most severe austerity budget on the planet, a new report from the U.S.-based Center for Economic and Policy Research reveals. Entitled Partners in Austerity: Jamaica, the United States and the International Monetary Fund, the paper …