Yeah right:
“I’m not a class-warfare guy. That’s the Democrats’ gig. They like to divide and play the class card. We don’t have classes in America — I don’t even like the term ‘middle class.’ People are lower income or middle income, and the dynamism of this country is that you can rise, and sometimes fall, [...]
Not in your pocket:
[...] the globalism and “free trade” that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn’t tell us that the “global economy” would mean that middle class American workers would eventually have to directly compete for [...]
The United States is currently drowning under the weight of 9.3% unemployment. Millions who could work are out of work, and there are many more underemployed – stuck in jobs they are overqualified for – and earning far less than they should. With people unemployed or earning less, demand for goods and services is naturally [...]
A brilliant animation set to a brief lecture by Professor David Harvey on the roots of the global economic crisis. Animation provided by RSA Animate. Theoretical foundations provided by Karl Marx.
The G20 Summit in Toronto concluded with a declaration that the “advanced economies have committed to fiscal plans that will at least halve deficits by 2013 and stabilize or reduce government debt-to-GDP ratios by 2016.” The non-binding agreement follows shortly after the Greek debt crisis, which in turn has sparked a crisis of confidence regarding [...]
Have you been unemployed since the crash of 2008? Are you on Medicaid or Medicare? If so, your situation is gonna get a lot worse:
Democratic leaders in the Senate have apparently failed to win enough support to overcome a Republican filibuster of a bill to help the poor, the old and the jobless, despite making [...]
While the debt crisis in Greece threatens Europe and markets all over the world, many Americans want to draw parallels between the United States and Greece. The story goes like this: The Greeks borrowed too much, Americans are doing the same and the only way out is to cut back spending. Sharply.
But as Paul Krugman [...]
Yesterday, U.S. markets took a substantial plunge. In a 16 minute span, the Dow fell under 10,000 then rebounded to about 10,500. On Wednesday it had been in the 10,900 range. We’re talking about big money disappearing very quickly. Apparently it happened because of a mistaken trade which set off a bunch of computer automated [...]
Thanks Greece:
As demonstrators took to the streets in Greece to protest the government’s austerity plan, traders, worried that the Greek debt crisis would spread, sent indexes into disarray for a second day on Wednesday.
Indexes on Wall Street, which started the day sharply lower, had regained most of that ground by midday.
The euro, however, continued to [...]
April 23, 2010 – 11:40 am
Chris Hayes dropping truth bombs on MSNBC:
“The culture of Washington is totally and completely corrupt and that the country is ruled and I know this sounds radical, but true—by a very intense financial oligarchy that basically has purchased on both parties.
I mean, what you see here—and I don‘t want to downplay the import of the [...]