Kwazi Nkrumah: Overall, Americans are now carrying about $798.3 billion in revolving debt, a type of debt that is almost entirely made up of credit card balances,
Kathleen Peine: The unemployment report came out recently, and Punxatawny Phil saw a service sector job — that means six more years of growth. Or something like that. It’s all very complicated.
Lydia Howell: Whether it’s debt-ridden college graduates working as baristas or small town youth with only fast-food and Wal-Mart as post-high school career options, high unemployment keeps a volunteer military ranks full.
Guy Laron: Though protesters in Cairo are clamoring for democracy, the underlying cause of the demonstrations may be the economic plight of the Egyptian middle class, according to historian Guy Laron. In this essay, Laron traces the roots of that economic plight back to the 1952 coup that brought the current military regime to power.
Shamus Cooke: The massive One Nation demonstration in Washington, D.C. proved that unions and other progressive groups can unite under a set of demands. But uniting for one demonstration is not enough.
These articles appeared this week in the LA Progressive
In other words, ten percent unemployment really means twenty percent underemployment or anxious employment. All of which translates directly into late payments on mortgages, credit cards, auto and student loans, and loss of health insurance.