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Thomas Frank – With Trump certain to lose, you can forget about a progressive Clinton

And so ends the great populist uprising of our time, fizzling out pathetically in the mud and the bigotry stirred up by a third-rate would-be caudillo named Donald J Trump. So closes an era of populist outrage that began back in 2008, when the Davos dream of a world run by benevolent bankers first started to crack. The unrest has …

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Alex Henderson – 10 Economic Woes Generation X Faces

You hear a lot about millennials being in a tight spot financially, but less about the generation sandwiched between them and the baby boomers: Generation X. The oldest Gen-Xers were born in the mid-1960s and are now in their early 50s; many other Xers are well into their 40s, and they’ve suffered the brunt of several economic downturns. Gen-X, which …

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Daniel Schultz – Can the Religious Left Be Effective Again? Short Answer: No

Every four years, when the presidential election cycle comes around, news junkies are treated to some iteration of the following stories: Is This The End Of The Religious Right? Can Evangelicals Be Liberals? Can Democrats Win People of Faith? Do The Democrats Have A Religion Problem? Can The Religious Left Be Effective Again? You could set your watch to the …

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Richard Eskow – What’s Killing the American Middle Class?

A new study by the Pew Research Center spurred a rash of headlines last week about “the dying middle class.” But the word “dying” might be more appropriate if we were watching the regrettable but inevitable effects of natural forces at work. We’re not. We’re seeing the fruits of deliberate action – and sometimes of deliberate inaction – at the …

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BOB LORD – Inequality Will Increase Until There’s a Revolution

Imagine, after a deep sleep, you suffered the fate of Rip Van Winkle and woke in the spring of 2040. What might you find? Among other things, maybe a presidential candidate railing against America’s concentration of wealth. Except this time, it’s not the 1 percent that owns as much wealth as the bottom 90 percent — it’s the top hundredth of …

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Revealed: the 30-year economic betrayal dragging down Generation Y’s income

The full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world. A combination of debt, joblessness, globalisation, demographics and rising house prices is depressing the incomes and prospects of millions of young people across the developed world, …

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William K. Black – Wall Street’s Message to Young Adults: ‘You Are Clueless’

Wall Street CEOs are very upset with young adults. They believe you are “clueless” and “voting against [your] own interests” when you support Bernie Sanders. A Wall Street CEO took to the pages of the Wall Street Journal to decry the fact that, “Millennials are flocking to Sanders.” It would be cruel to note that one has to be clueless to believe …

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‘Richest Generation’? Baby Boomers Face Deep Inequalities

It’s a familiar trope in U.S. society that baby boomers are the “richest generation.” But a report released online Thursday by the Population Reference Bureau shows that wealth is unequally distributed among this demographic, with people born between 1946 and 1964 facing pronounced disparities along race and gender lines. For people 65 and older, the poverty rate has decreased dramatically …

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Isaiah J. Poole – Millennials in Poll Fake Right, Go Left

At first glance, a poll released this week by USA Today and Rock the Vote, done by Ipsos, seems to confound our narrative that a majority of millennials identify more with progressives than conservatives. In fact, when asked that question point-blank when it comes to economic policy, 38 percent of respondents in the poll identified as conservative to some degree, …

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Sanders is Right. The Childcare System in the US is a Disaster

One presidential hopeful’s assessment is that the child care system in the U.S. is disastrous. And based on the findings of a new survey, many working parents in the U.S. have reason to agree. The Pew Research Center report, which surveyed over 1,800 parents of kids under 18, offered a reflection of the widening inequality gripping the country. It found, …