Economy

7 Mindblowing Economic Trends You Need to Know About

7 Mindblowing Economic Trends You Need to Know About
The U.S. can’t seem to get even a paltry raise through Congress, and falls behind Australia, France, New Zealand, the U.K., Canada, and Japan on minimum wage rates. If you include the robust social services available to many of the low-income workers in those countries, the American rate is even more appalling.
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Euro Top Banker Thinks Maybe Austerity Wasn't Such a Good Idea After All

Euro Top Banker Thinks Maybe Austerity Wasn't Such a Good Idea After All
Low inflation brought on by austerity measures in Europe have made their recovery from the recession of 2008 abysmally slow. Mario Draghi, the European Central Bank's president, will likely take action (finally) to stimulate the sluggish economies of western Europe amidst the backdrop of the crisis in Ukraine.
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Freddie Mac Continues to Make Gobs of Money After Bailout. Those in Foreclosure, Not so Much

Freddie Mac Continues to Make Gobs of Money After Bailout. Those in Foreclosure, Not so Much
Despite its near collapse a decade ago, and the thousands of foreclosed upon homes in its wake, Freddie Mac is financially doing great. Thanks to the taxpayer-funded bailout it received (and has since paid back).
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The Four Biggest Right-Wing Lies About Inequality

The Four Biggest Right-Wing Lies About Inequality
Even though French economist Thomas Piketty has made an air-tight case that we’re heading toward levels of inequality not seen since the days of the nineteenth-century robber barons, right-wing conservatives haven’t stopped lying about what’s happening and what to do about it.
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Dehumanizing the Poor for Fun and Profit

Dehumanizing the Poor for Fun and Profit
When Republicans talk about low-wage workers, they use the language of bigots. Republicans call fast food cashiers, home health aides and hotel maids stupid and unskilled and lazy.
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Why the Super-Rich Should Pay Super Taxes

Why the Super-Rich Should Pay Super Taxes
Senator Lindsey Graham (R-SC) said, "It's really American to avoid paying taxes, legally...It's a game we play...I see nothing wrong with playing the game because we set it up to be a game."
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STUDY: 63,000 'Structurally Compromised' American Bridges

STUDY: 63,000 'Structurally Compromised' American Bridges
The American Road and Transportation Builders Association reviewed data regarding US infrastructure, and the results do not look good. Over 63,000 bridges are structurally compromised, many on heavily traveled highways. Yet, Congress is looking to make even more cuts.
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How To Curb Outrageous CEO Salaries

How To Curb Outrageous CEO Salaries
Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed to 280 times the pay of a typical worker; in big companies, to 354 times.
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Why Are Republicans So Afraid of Paying Poor Workers?

Why Are Republicans So Afraid of Paying Poor Workers?
Republicans in America suffer a crippling anxiety. It’s the terrible fear of corporations paying poor workers too much.
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The Rent is Too Damn High in These Five Cities

The Rent is Too Damn High in These Five Cities
The housing market is supposedly recovering, yet the homeownership rate is dropping. Meanwhile rents in urban areas were already high but now are absolutely skyrocketing.
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