homeownership rate Q1 2015_0

Death Of The Middle Class: Homeownership Rate Drops To 29 Year Low As Average Rent Hits Record High – Tyler Durden

Overnight Gallup released its latest survey which confirmed just how dead the American Dream has become for tens if not hundreds of millions of Americans. According to the poll, the number of Americans who do not currently own a home and say they do not think they will buy a home in “the foreseeable future,” has risen by one third to 41%, vs. …

TPP

Washington Post Tells Readers the Elite Will Lie, Cheat, and Steal to Pass Their Trade Deals – Dean Baker

The Washington Post has established itself over many decades as a major mouthpiece of elite opinion. Its editorial pages argue strongly for the interests of the wealthy, with scarcely concealed contempt for people who have to work for a living. (They do support alms for the poor, hence they are okay with programs like food stamps and TANF.)  This attitude …

child poverty

The Numbers Are Staggering: U.S. Is ‘World Leader’ in Child Poverty – Paul Buchheit

America’s wealth grew by 60 percent [3] in the past six years, by over $30 trillion. In approximately the same time, the number of homeless children has also grown by 60 percent [4]. Financier and CEO Peter Schiff said [5], “People don’t go hungry in a capitalist economy.” The 16 million kids [6] on food stamps know what it’s like to go hungry. Perhaps, some in Congress would say, those …

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 …

fredgraph

Unemployment Report Shows Labor Force Drop Outs At Record High

The March unemployment rate remained the same, yet once again the BLS survey showed another huge increase in those not considered part of the labor force anymore and as a result the figure hit a record 93.175 million high.  The official unemployment rate is 5.5%.  The labor participation rate is also 62.7% and remains at 37 year record lows.  From …

racial drug disparity

‘Black America in Crisis’: Report Shows Troubling Racial Disparities Across US

“The state of Black America is in crisis—and we see justice challenged at every turn.” Its findings, said Marc Morial, president and CEO of the National Urban League, “are a clarion call that a more comprehensive, inclusive and on-the-ground recovery is necessary to ensure a healthy future for our nation and that we cannot expect to successfully move forward when …