Progressive Media Advocates
The two most important features of the administration’s plan to help homeowners are, first, its support for amending bankruptcy laws to allow judges to modify mortgages. This will give homeowners bargaining leverage with mortgage servicers (and give the servicers more leverage with securitized creditors on up the line) to get better terms; and, second, a [...]
Why is this recession so deep, and what can be done to reverse it? Hint: Go back about 50 years, when America’s middle class was expanding and the economy was soaring. Paychecks were big enough to allow us to buy all the goods and services we produced. It was a virtuous circle. Good pay meant [...]
by Robert Reich – This is not the Great Depression of the 1930s, but nor is it turning out to be merely a bad recession of the kind we’ve experienced periodically over the last half century. Call it a Mini Depression.
The latest numbers are just in from the United States Census Bureau. According to analyses from the California Budget Project (CBP) they show that for low and middle income Californians there has been a decline in the real (inflation adjusted) household income. A separate analysis by Health Access California shows that more Californians are uninsured [...]
Angola 3 News: Hidden behind the walls, huge numbers of human beings have their spirits broken daily. Secretly, many suffer false disciplinary reports, illegitimate confiscation or destruction of personal property, physical beatings, rape, and sometimes fraudulent criminal penalties.
Tina Dupuy: Because these giant corporations are getting a free pass by the very premise they create jobs, they’re in essence piling their tax burden onto their workers.
Ivan Eland: Unfortunately, even if the law is not changed, civil liberties groups already have a perpetual war on their hands–despite the decimation of the main al Qaeda group.
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