The percentage of U.S. households that have zero or negative wealth increased from 15.5 percent in 1983 to 21.2 percent today.
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Economy
Not the Onion: Ivanka Trump in running for World Bank Head
WASHINGTON (Ma’an) — Former United States Ambassador to the United Nations, Nikki Haley, and US President Donald Trump’s daughter, Ivanka Trump, are reportedly among possible US candidates to replace the outgoing World Bank President Jim Yong Kim. Earlier this week, Jim Yong Kim announced he would be stepping down as the World Bank’s president three […]
Could Trump’s Gov’t Shutdown send US Economy into Tailspin?
Payments to farmers and poor families, craft beer labels, food inspections and economic data all have fallen victim to the budget impasse.
Is Alexandria Ocasio-Cortez Right that Tax Justice is Key to our Democratic Prospect?
US “much greater shares of national wealth and income going to the richest 1% than any other country.”
Rashida Tlaib and Working Class Authenticity v. Trump’s Plutocrat Pretense
Ann Arbor (Informed Comment) – Why does Donald Trump get a pass on speaking and acting obscenely but Rashida Tlaib is pilloried for calling him a Mofo? It is because US corporate media and political elites expect the wealthy to do bad imitations of working class profanity (so as to fool the rubes into voting […]
How Corporate Monopolies and High Prices are Making you Poor and Rich Richer
The more industries monopolize, the wider the gap between our richest and everyone else.
Wall Street, Inequality and the Anger of the People
( Tomdispatch.com ) – As we head into 2019, leaving the chaos of this year behind, a major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around […]
Trump’s Trade Czar, The Latest Architect of Imperial Disaster
Trump’s Trade Czar, The Latest Architect of Imperial Disaster Five Academics Who Unleashed the “Demon” of Geopolitical Power By Alfred W. McCoy ( Tomdispatch.com ) – As Washington’s leadership fades more quickly than anyone could have imagined and a new global order struggles to take shape, a generation of leaders has crowded onto the world […]
What Does Inequality Cost the Average American? About $150,000
Americans pay a steep price for not spreading their wealth around as well as other developed countries.