Ellen Brown: The Fed is aggressively raising interest rates, although inflation is contained, private debt is already at 150% of GDP, and rising variable rates could push borrowers into insolvency. So what is driving the Fed’s push to “tighten”?
Mark Dempsey: America’s recent austerity is strictly optional. The U.S. has made money without limit to bail out banks and prosecute wars. Why not improve the infrastructure?
hile Detroit, with a population of just over 700,000 has a violent crime rate of 2,137 per 100,000 residents, it’s no wonder it’s listed as the most dangerous city in America. The city seethes with opportunistic criminals that prey on the weak and vulnerable, but it also has a much darker problem where gangs and police brutality […]
Bobbi Murray: Thanks to Dodd-Frank, companies are now required to publicly disclose their CEOs’ pay in comparison to their median employees’ salaries.
Sharon Kyle: When hatred and fear are linked to tribalism and a xenophobic form of patriotism, murderous war becomes almost a certainty. When the zealots of hate are screaming for blood, it’s very hard to hear appeals for peace based on compassion and reason.
Ellen Brown: The US Postal Service, under attack from a manufactured crisis designed to force its privatization, needs a new source of funding to survive. Postal banking could fill that need.
Eushrah Hossain: At any moment, a renter living in a city without rent control laws can be evicted for no cause with a 30-60 day notice, forcing them to scramble for new housing and even too often raising the spectre of homelessness.
To put a human face on these rent control issues issues, Kate Clark interviewed five Pasadena and Glendale residents, whose lives have been impacted by rising rents and the struggle to hold onto affordable housing.
I’ve lived here for many years. I really like the mixture of people and I don’t like the way they’re being treated. They’re being kicked out of here and being told that they can’t pay, so they should just get away and move some other place.
A ton of our present membership are seniors who are on Social Security, and if they’re hit with a rent increase, they’re homeless. It’s a lot harder to couch surf when you’re 85 years old.
Only when you start threatening them and say, “I’m going to call the City and because it violates the health code,” that’s when they start doing things.
If I look at my income, and how much it goes up each year, and how much my rent increases every year—because right now it’s going up between 5 and 6%—I’ll be at 50% of my income. I have an aging parent, I have my school loans, I just will not be able to afford to stay.
After they had found out that I had called the City, I got a notice of eviction that said there were too many people in my apartment, that my son made too many people.