Time to Rain Money on Main Street

Give Money to Main Street

Ellen Brown: When an article appears in Foreign Affairs, the mouthpiece of the policy-setting Council on Foreign Relations, recommending that the Federal Reserve do a money drop directly on the 99%, you know the central bank must be down to its last bullet.

Burger King’s Subjects Royally Pissed Off

Burger King Canada

RJ Eskow: The actual rate paid by American corporations, once they’re done applying all the loopholes their lobbyists in Washington have designed, their actual rate is at the low end of the global tax spectrum – and this at a time when many corporations are achieving record-breaking profits.

Stock Market Reaches Milestone, But Who Cares?

Stock Market Reaches Milestone

RJ Eskow: We need to start thinking about our nation’s “economies,” of which there are at least two. There is the one that is inhabited by corporations, the wealthy, and the investor class. Call that one the “elite economy.” Then there’s the other economy, the one where most of us live.

Work and Worth

Work and Worth

Robert Reich: Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?

Amazon Pricing Drives Me Bot-ty

Amazon Books Pricing

Randy Shaw: My battle is with the bots and algorithms Amazon uses to price its books. I can’t reason with them, because they are not human. Yes, it’s true. We have a book industry whose dominant market decides prices based entirely on a computer formula.

Economic Ponzi Scheme

Janet Yellen and International Monetary Fund Managing Director Christine Lagarde

Ellen Brown: The rules have been changed before and can be changed again. Depressions, credit crises and financial collapse are not acts of God but are induced by mechanical flaws or corruption in the financial system. Credit may stop flowing, but the workers, materials and markets are still there. The system just needs a reboot.

Rise of the Non-Working Rich

inherited wealth

Robert Reich: The “self-made” man or woman, the symbol of American meritocracy, is disappearing. Six of today’s ten wealthiest Americans are heirs to prominent fortunes.

Let’s Cut Our Taxes — Sensibly

Cutting Taxes

Norman Solomon: When a drone or cruise missile implements an assumed right to snuff out a life, without a semblance of due process, the presidential emulation of divine intervention is implicit.

Passing Gas to the Consumer

#147409718 / gettyimages.com

Walt Brasch: Gas prices at the pump during the July 4th extended weekend were the highest they have been in six years. This, of course, has little to do with supply-and-demand economics. It has everything to do with supply-and-gouge profits.

The Looming Foreclosure Crisis

foreclosure crisis 2014

Ellen Brown: Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won’t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.

The GDP Fiasco: It’s Been One Snafu After Another

Shrinking Economy

Richard “RJ” Eskow: Granted, everybody gets it wrong sometimes, but this time our economists were really wrong. We were told the economy grew slightly in the first quarter of this year. Now, two revisions later, the latest GDP estimate concluded that the economy actually shrank.

Buying Up the Planet

central banks buying stocks

Ellen Brown: Today, however, central banks are on a global corporate buying spree not to bail out bankrupt corporations but simply as an investment, to compensate for the loss of bond income due to record-low interest rates. Indeed, central banks have become some of the world’s largest stock investors.

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