Trickle Down Economics? Corporate Profits Hit New Record High, Employee Wages Plummet To Record Low

Escalating inequality in the American economy and its most recent “turnaround” has led to a disturbing juxtaposition of record corporate profits and soaring executive pay while wages for average workers hit record lows as a percentage of the nation’s economic output. It’s the ultimate repudiation of “trickle down” economics that busts the myth of business [...]

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THE HEADLINES

  A LESSON THAT AMERICAN FOREIGN POLICY NEVER SEEMS TO LEARN: IF YOU FEED A SCORPION IT WILL BITE YOU. British columnist Robert Fisk cites this saying in a survey of the dismal history of U.S. efforts to arm insurgent and opposition elements: from the support of the Afghan insurgency against the Soviet Union to [...]

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THE HEADLINES

` OBAMA AND HIS FRIENDS LAUNCH NEW ERA OF FRANCO-AMERICAN RELATIONS WITH A LESS-THAN CONCILIATORY TAKE ON THE NEW FRENCH SOCIALIST PRESIDENT.  (Buzz Feed) ` The overwhelming defeat on Sunday of incumbent French President Nicolas Sarkozy has already sent “ripples” across the pond to America, where Sarkozy’s successor, Socialist Francois Hollande, has received a decidedly chilly reception [...]

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Apple To American Taxpayers: 'Give Us An $80 Billion+ Corporate Tax Holiday, Or Else!'

With its constantly expanding roster of iPod’s, iPhone’s and iPad’s, Apple has become one of the most respected and well-liked brands on the planet. It’s ability to get consumers to splurge on upscale tech devices has made it one of the most profitable, too: Apple has the largest cash reserves of any corporation in the world. But [...]

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