THE POOR IN AMERICA: THE BEATINGS WILL CONTINUE UNTIL MORALE IMPROVES. In what Mike Whitney calls the “lousiest recovery of all time,” the U.S. economy has recovered from the recession of 2007 in only one respect: in booming profits in the stock market and elsewhere on Wall Street. Meanwhile unemployment remains high, real wages [...]
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 [...]
` CULTURE CLASH AT UNIVERSITY OF VIRGINIA PORTENDS FUTURE BATTLES AT AMERICAN COLLEGES AND UNIVERSITIES. (Inside Higher-Ed) ` The normally bucolic tranquility of the University of Virginia campus was shattered this week by a shocking turn of events that led to the immediate firing of the institution’s popular president. Students, faculty and alumni engaged in [...]
The world’s most popular — and profitable — social networking brand is increasingly coming under fire for its questionable tax practices even as it is earning praise and adulation from Wall Street on the day it becomes a publicly traded company. The Facebook stock IPO (initial public offering) has become a media and market phenomenon, [...]
AFRICAN PEOPLE’S SOCIALIST PARTY: ENOUGH ALREADY OF BRITISH COLONIALISM IN THE BAHAMAS. (Uhuru News) “Royal” visit of Prince Harry elicits a call for the end of Bahamas membership in the Commonwealth of Nations and for its treatment by the U.K. as a sovereign co-equal rather than a colored-people’s Queen-worshipping colony. ` LEADERSHIP: THIS PAGE [...]
THE “ONE PERCENT” IS DOING BETTER THAN WE THOUGHT. MUCH BETTER… (Wall Street Journal) Between the rise of “Occupy Wall Street” and a nationwide surge in discussion over income inequality, most Americans are aware that the fabled “one percent” — the very top of the country’s economic food chain — are doing far better than the “99 [...]
IRAN AND THE UNITED STATES: WHO IS THREATENING WHOM WITH MILITARY ATTACK? (Turkish Weekly) Faced with a virtual encirclement of U.S. air bases in surrounding countries and a recent incident of a drone being shot down in Iranian air-space, its leaders threaten retaliation with attacks on U.S. military bases “world-wide.” ` U.S. IS PURSUING A [...]
“THE PROBLEM IS NOT THAT PEOPLE LIKE WARREN BUFFETT PAY AT A 17 PERCENT RATE, IT’S THAT THEY CAN USE COMPLEX TRANSACTIONS NOT AVAILABLE TO MOST AMERICANS TO GET CASH FROM THEIR APPRECIATED STOCK WITHOUT PAYING ANY TAXES AT ALL.“ That America’s wealthiest taxpayers enjoy their lowest tax rates in decades is only a fraction [...]
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