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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Death Of The Middle Class: Bottom Falls Out For Average Americans While The 1 Percent Enjoy Record Profits, Growth

Incomes for the vast majority of middle-class Americans have continued to plummet and their future financial security is in tatters even as the worst effects of the 2008-2009 recession are supposed to have been easing.  While private businesses and high earners prosper, most families and individuals are dealing with unprecedented economic pain. The news that [...]

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THE HEADLINES

  WHAT’S THAT IN THE SKY? A BIRD? A PLANE? “NOPE, JUST OUR LOCAL POLICE DEPARTMENT’S 25-POUND DRONE…” (Business Week) Unprecedented police control of the nation’s skies appears imminent after the Federal Aviation Administration and the Obama administration gave hearty approval to the request of undetermined “public safety agencies” to place unmanned drones weighing up [...]

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THE HEADLINES

` IN BRITAIN THE QUEEN MADE A SPEECH BUT SHE DIDN’T SAY MUCH. (UK Independent) The Queen appears in Parliament to give her regular “speech” that articulates whatever is the policy agenda of the elected Prime Minister and cabinet.  The speech given this week marks a signficant slow-down from drastic efforts at reform in the [...]

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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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THE HEADLINES

A QUIVERFULL OF KIDS: DON’T LAUGH, THE “CULT” OF ANTI-CONTRACEPTION MAY BECOME POLITICALLY MAINSTREAM. (In These Times) “Quiverfull” is a movement promoting an agenda of couples having multiple children under an ideological flag of patriarchal domination. It is depicted on a Learning Channel show called “19 Kids and Counting,” a couple who are literally expecting [...]

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THE HEADLINES

WHAT TO DO IN A TIME OF ECONOMIC CRISIS? GO SHOPPING OF COURSE! (In These Times) It wasn’t just George W. Bush exhorting Americans after 9/11 to go shopping to show terrorists they cannot disrupt our normal lives. It becomes a standard of “normalcy” itself in a consumerized culture when, despite a disastrously low level [...]

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The War On Food Stamps

As the number of Americans seeking assistance from states and the federal government swell to record levels in a sluggish post-recession economy, more and more politicians are actually seeking ways to impede the access to government aid for the poor. The question of how much the federal government and states should be doing to aid the tens of millions [...]

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THE HEADLINES

11/11/11 REFLECTION: HOW DID ARMISTICE DAY BECOME VETERANS’ DAY? (Global Research) David Swanson observes the irony that a day that was designated to celebrate the end of World War I, described shortly after its conclusion as the world’s most “unnecessary and expensive war,” into a day devoted to cheering the troops and celebrating the tenth [...]

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Despite Record Use, Food Stamps On Track To Be Whacked In Name Of "Deficit Reduction"

With poverty at record numbers, 14 million people unemployed, and state-level assistance getting axed thanks to lean budgets, federal assistance for economically struggling Americans is more important than ever before. But food stamps, a lifeline for poor Americans that literally keep millions out of hunger, could be the next victim in Washington’s expanding appetite for [...]

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