Economy

Walmart: The Waltons Get the Goldmine, the Workers Get the Shaft

Walmart: The Waltons Get the Goldmine, the Workers Get the Shaft
Gosh, time flies when it’s pushed along by a jet stream of greed. It seems like only yesterday that Wal-Mart announced, with much self-congratulatory fanfare, that the super-rich retailing colossus wasn’t a scrooge after all.
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Back to the No Future: Wealth Bottoms Out to 1986 Levels for 90% of Americans

Back to the No Future: Wealth Bottoms Out to 1986 Levels for 90% of Americans
Just in case you need a reminder of how lopsided the economy has become, a new paper from economists at the London School of Economics and the University of California at Berkeley shows the bottom 90 percent of American families are no wealthier than they were in 1986. While the top one percent have seen their share of wealth steadily grow, the vast majority of Americans are making due with less.
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Senior Regulator Says Bank CEOs Meant Well. Documents Say Otherwise.

Senior Regulator Says Bank CEOs Meant Well. Documents Say Otherwise.
The head of one of Wall Street’s most important regulatory agencies argued recently that big-bank CEOs never intended to break the law or engage in foreclosure fraud. Instead, Thomas Curry of the Office of Comptroller of the Currency tells us they weren’t cautious enough.
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You've Paid For It: MN Rep Reminds Voters Social Security Is Not an 'Entitlement'

You've Paid For It: MN Rep Reminds Voters Social Security Is Not an 'Entitlement'
Rep. Rick Nolan explains that social security and medicare are not "entitlements", but something you've paid for. He says his Republican opponent Stewart Mills will consider cutting social security, an option Nolan says is "off the table" for him.
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When Poverty Was the Enemy, Not the Poor

When Poverty Was the Enemy, Not the Poor
It has been 50 years since America launched the War on Poverty. The Economic Opportunity Act and legislation to outlaw racial discrimination were the centerpieces of President Lyndon B. Johnson’s vision to create a Great Society.
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The Three Million Forgotten Victims of the Great Recession

The Three Million Forgotten Victims of the Great Recession
Washington greeted the latest jobs numbers with enthusiasm. In September, the unemployment rate fell below six percent for the first time since July, 2008. We’ve netted 2.64 million jobs over the past 12 months, and are on pace to add more jobs in 2014 than in any year since 1999.
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MI's Flat Tax Debacle: Poor Pay More, No One Wins

MI's Flat Tax Debacle: Poor Pay More, No One Wins
Michigan Governor Rick Snyder promised everyone in his state lowering taxes on business (and conversely, raising them on the poor) would help the economy. The evidence is in: the economy is stagnant, and the poor hurting like never before.
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Amazon Wage Theft Case Comes Before Supreme Court

Amazon Wage Theft Case Comes Before Supreme Court
Picture this: You are supposedly “off work” but every day after the end of your shift you have to wait in a line for up to 25 minutes to get “checked” to see if you are stealing things. The Supreme Court is going to decide if you should be paid for your time. This is part of the larger issue of “wage theft.”
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Extreme Inequality: 14 People Made More Money Than the Entire Food Stamp Budget

Extreme Inequality: 14 People Made More Money Than the Entire Food Stamp Budget
For the second year in a row, America's richest 14 individuals made more from their annual investments than the $80 billion provided for people in need of food. Nearly half of the food-deprived are children. Perversely, the food stamp program was CUT because of a lack of federal funding.
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Smoking Cigs, Smoking Tailpipe and Smoking Gun of The New World Order

Smoking Cigs, Smoking Tailpipe and Smoking Gun of The New World Order
Friedrich von Hayek could best be described as the father of modern neoliberalist economics – the slash and burn policies that have cut taxes, maximized corporate profits, and widened inequality to levels not seen since The Gilded Age.
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