Jobs Numbers Reflect Crisis for Young and Old

jobs crisis

RJ Eskow: There was a time in the not-so-distant past when working people were able to consider retirement at the age of 60 or 62. But households that saw their net worth gutted by the financial collapse can no longer consider that option.

Did the Occupy Movement Actually Happen?

occupy la eviction

Randy Shaw: Even its critics thought the Occupy movement raised important questions about dramatically rising income inequality in the United States. And that’s why I doubt Obama would be considering Summers if the Occupy movement were still dominating the public debate.

What’s Really at Stake

"Detroit" Linh Dinh

Robert Reich: But before the hostilities start again and we all get lost in puerile politics and petty tactics, it’s useful to consider what’s really at stake for our economy and democracy.

Lousy Jobs for Labor Day

"Gold Line" Linh Dinh

Robert Reich: The percent of Americans living below the poverty line has been increasing even as the economy has started to recover — from 12.3 percent in 2006 to around 14 percent this year. More than 35 million Americans now live below the poverty line.

The Leveraged Buyout of America

linh dinh

Ellen Brown: Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. How have they pulled this off, and where have they gotten the money?

Seized for “Inactivity”

fighting death

Jim Rhodes: As for stealing bank accounts for “inactivity,” that has to be a new moral low-even for Washington. Apparently robbing unsuspecting elderly is not enough, now the banking industry wants children’s college funds as well?

How Dare D.C Demand Fair Wages from Walmart!

walmart protest

Jim Hightower: This Mother Teresa of Global Retailing is now wailing that its generosity has been spurned by an impudent city council that says it’s not interested in corporate pretensions of “charity,” but in tangible fairness.

Bulworth on Obama

bulworth and obama

Brent Budowsky: Lawrence Summers fought for the worst economic idea since FDR, repealing Glass-Steagall — a super-disastrous mistake.

City-Owned San Francisco Bank Gets Green Light

san-francisco-skyline-590

Ellen Brown: The question today is whether cities and counties can afford not to set up their own municipal banks, both to protect their money from confiscation and to take advantage of the very low interest rates and other perks available exclusively to the banking club.

Alicia Keys Should Get a Divorce — From Walmart

alicia keys

Peter Dreir: Walmart invites big-name celebrities not only to entertain the shareholders but also to lend legitimacy to the company, which for years has been the target of substantial criticism from human rights groups, environmentalists, women’s and immigrant rights activists, unions, small business organizations, and many others.

Detroit: Wall Street’s Wet Dream

detroit wet dream

Lauren Windsor: Don’t believe the canard that Detroit is dead… Detroit is the wet dream of Wall Street, the canary in our economic coal mine, the true legacy cost of our greed is good ethos.

Will Feds Bail Out Detroit Pensions?

detroit bankruptcy

RJ Eskow: If Detroit fails it will hurt our nation as a whole. It will send a message to minority and urban youth that their futures are as hopeless as they seem and the country doesn’t care.

Wall Street Pulls an Enron With Commodities

wall street and elizabeth warren

Joseph Palermo: Even before we’ve had a chance to recover from the Great Recession caused by their earlier malfeasance, the usual suspects among Wall Street’s “too big to fail” banks continue to plunder our society by artificially driving up commodity prices.

While Washington Sleeps, a Nation Crumbles

crumbled bridge

RJ Eskow: Americans have been treated to the bread-and-circuses spectacle of “Deficit Commissions,” debt hysteria, and a cult of economic austerity that demanded spending cuts across the globe despite the utter absence of real-world evidence for its harsh and untested prescriptions.

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