You are here

Home

Economics

Economics Logo

It's Our Economy

Wed, 12/05/2012 - 17:37 — Dave Culver

 

 

  • The economy becomes OUR economy when people have a say over economic issues and when the economy works for all of us rather than funneling wealth to the top 1%.
  • Five Facts About America's Pathological Wealth Distribution

 

Kevin Zeese, It's Our Economy

 

Tuition is rising, college debt is at an all time high, as well as are defaults on student loans. Some may ask if college is even a worthwhile endeavour in this environment. Certainly the chart on the left raises the question of the value of a bachelor's degree. For the collection agencies, however, the student debt crisis is a windfall. Danny Weil takes an in-depth look at how we got into this situation through privatization of higher education and predatory lending practices.

 

It is Wall Street greed that is at the root of our many financial crises. The affordable housing crisis is largely due to investors buying distressed property to use as rentals and financial institutions keeping low-cost houses off the market in order to keep home prices artificially high and give homeowners who want to sell some confidence. Mike Whitney shows the smoke and mirrors behind the 'housing recovery' and why it may tank again.

 

Full story...

 

Related:

 

Five Facts About America's Pathological Wealth Distribution, Paul Buchheit, Common Dreams

  • Americans are beginning to realize that years of preferential tax treatment for the rich, under the guise of "supply-side job creation" nonsense, have bloated the fortunes of the super-rich to a level that would make Rockefeller and Carnegie envious.
  • Iceland Did It Right...and Everyone Else Is Doing It Wrong

 

Section(s): 
Home Page
Economics

Five Facts About America's Pathological Wealth Distribution

Wed, 12/05/2012 - 17:14 — Dave Culver
  • Americans are beginning to realize that years of preferential tax treatment for the rich, under the guise of "supply-side job creation" nonsense, have bloated the fortunes of the super-rich to a level that would make Rockefeller and Carnegie envious.
  • Iceland Did It Right...and Everyone Else Is Doing It Wrong

Paul Buchheit, Common Dreams

 

At a time when corporations are buying up elections - not to mention the 24-hour news cycle - help ensure that a source for truly independent journalism lives on. Support all reader supported Evergreene Digest today by using the donation button in the above right-hand corner. 

 

(Photo by ItzaFineDay)

 

Most people associate inequality with the income gap. As distorted as the distribution of income may be, our wealth distribution is even more extreme. Americans are beginning to realize that years of preferential tax treatment for the rich, under the guise of "supply-side job creation" nonsense, have bloated the fortunes of the super-rich to a level that would make Rockefeller and Carnegie envious.

1. We're close to being the most unequal country in the world.

Among countries with at least a quarter-million adults, only Russia, Ukraine, and Lebanon are more unequal, according to the most recent figures from Credit Suisse Research.

 

Full story...

 

Iceland Did It Right...and Everyone Else Is Doing It Wrong, Nation of Change

  • Where everyone else bailed out the bankers and made the public pay the price, Iceland let the banks go bust and actually expanded its social safety net.
  • The "BS" Austerity Plan Nobody Wants ... and We May Get Anyway
  • Report Warns "Fix the Debt" a Front for More Corporate Bailouts
  • 'Fix' the Debt: A Trojan Horse for Massive Corporate Tax Breaks.'
 
Section(s): 
Home Page
Economics

The “fiscal cliff” fraud

Tue, 12/04/2012 - 18:25 — Dave Culver


 

The working class must insist that all people have the right to the necessities of life: a secure and decent-paying job, economic security, food, housing, education and medical care. The realization of these rights, however, is not compatible with the continued rule of the corporate and financial elite.

 

Andre Damon, World Socialist Web Site

 

Submitted by Evergreene Digest Contributing Editor John Stoltenberg

 

This article is made possible with the generous contributions of all reader supported Evergreene Digest readers like you. Thank you!

 

27 November 2012 | As the US Congress reconvenes following the Thanksgiving Day holiday, the media is once again ratcheting up its propaganda offensive over the so-called “fiscal cliff.”

 

Behind the orchestrated wrangling between the Obama administration and congressional Republicans over averting the supposed catastrophe of automatic tax increases and budget cuts due to take effect January 1, the details of plans to impose unprecedented cuts in Medicare, Medicaid and Social Security are being worked out behind the backs of the American people.

 

Full story...

 

Related:

 

Fiscal cliff deal: both parties plan to throw workers off the cliff, Liberation News

  • Act Two of ‘debt deal’ goes after Social Security, Medicaid and Medicare
  • Report Warns "Fix the Debt" a Front for More Corporate Bailouts

 

 

 

Section(s): 
Economics
Government & Politics

RJ Matson | Butch Boehner and the Sundance President / media.caglecartoons.com

Tue, 12/04/2012 - 15:05 — Dave Culver

 

 

Section(s): 
Economics

Ralph Nader | The Gift of a Sustainable Economy

Tue, 12/04/2012 - 14:45 — Dave Culver
  • By supporting local shops, businesses and co-ops that have a tangible investment in the local community -- far more so than the powerbrokers running national retail giants -- and by encouraging new ideas and programs that focus on sustainability, you'll do far more good for your community. What's a better gift than that?
  • Capitalism’s grossest win: The final triumph of Black Friday

Ralph Nader, Huffington Post 

 

This article is made possible with the generous contributions of all reader supported Evergreene Digest readers like you. Thank you!

 

November 30, 2012 | As the end of the year approaches, so does the biggest consumer rush of the year, as millions flock to the stores and online vendors for the latest TVs, gadgets, trendy toys, clothes and more. The Friday after Thanksgiving, now popularly known as "Black Friday" has, in recent years, been hyped beyond the bounds of decency by marketers hoping to motivate thousands of people across the country to line up outside of stores in the wee hours of the morning in hope of securing discounts on big ticket items. One could even make the case that Thanksgiving is now overshadowed by the next-day shopping extravaganza -- in some communities, stores even opened on Thursday night, so intrepid shoppers could leave their holiday festivities and get right to it. And don't forget about "Cyber Monday" just days later, for those inclined to get their deals online.

 

The holidays, once considered a sacred time for family and celebration, have been hijacked by big companies sending out a message to the American people, playing on an endless loop from as early as November 1st all the way to the New Year: "Buy, buy, buy!" Think of all of those products that millions of Americans are purchasing as gifts for their friends and family. Where were they manufactured? Who profits from their sale? What happens to them when they break or become obsolete?

 

Full story...

 

Capitalism’s grossest win: The final triumph of Black Friday, Andrew Leonard, Salon

  • From Plymouth Rock to Thanksgiving at Best Buy: The Puritan ethic went spectacularly astray, all for an iPad mini
  • Genocide and the Thanksgiving Myth
 
Section(s): 
Home Page
Economics

Iceland Did It Right...and Everyone Else Is Doing It Wrong

Sat, 12/01/2012 - 16:53 — Dave Culver

  • Where everyone else bailed out the bankers and made the public pay the price, Iceland let the banks go bust and actually expanded its social safety net.
  • The "BS" Austerity Plan Nobody Wants ... and We May Get Anyway
  • Report Warns "Fix the Debt" a Front for More Corporate Bailouts
  • 'Fix' the Debt: A Trojan Horse for Massive Corporate Tax Breaks.'

Nation of Change

 

Pasted Graphic_1.tiffAt a time when corporations are buying up elections - not to mention the 24-hour news cycle - help ensure that a source for truly independent journalism lives on. Support all reader supported Evergreene Digest today by using the donation button in the above right-hand corner. 

 

istickle113012.jpg

 

 

November 30, 2012 | Nobel prize winning economist Joe Stiglitz notes: What Iceland did was right. It would have been wrong to burden future generations with the mistakes of the financial system.

 

Nobel prize winning economist Paul Krugman writes: What [Iceland's recovery] demonstrated was the … case for letting creditors of private banks gone wild eat the losses.

 

Full story...

 

Related:

 

The "BS" Austerity Plan Nobody Wants ... and We May Get Anyway, Richard (EJ) Eskow, Nation of Change

  • Seventy percent of voters polled were either "somewhat" or "highly uncomfortable" with the Simpson Bowles plan when it was released.
  • They may get it anyway.
  • Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy

Report Warns "Fix the Debt" a Front for More Corporate Bailouts, Amy Goodman, Democracy Now!

We are joined by Sarah Anderson, director of the Global Economy Project at the Institute for Policy Studies and co-author of the new report, "The CEO Campaign to 'Fix' the Debt: A Trojan Horse for Massive Corporate Tax Breaks.'

 

 

 

 

 

Section(s): 
Home Page
Economics

Pages

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.