The Poverty Creation Industry

Recently Joe Brewer, Alnoor Ladha and Martin Kirk had the audacity to describe what they call the “Poverty Creation Industry.”  http://truth-out.org/opinion/item/15726-its-time-to-shine-a-light-on-the-poverty-creation-industry They write that, “Poverty is human-made. It is created – knowingly and with scientific efficiency – by a vastly...

HSBC Funds Suspected Terrorists and Gets a Slap on the Wrist

Have you heard about HSBC’s terrorist funding scandals? How about the many banks involved in LIBOR rigging, essentially playing games our money? If you’re an ordinary person, hearing these things was shocking.  But let me be clear: it’s not shocking that banks have shady deals, what is shocking is the extent to which they were able to commit these crimes...

So, how are the Millennials doing?

Not terribly well. According to a Fall 2013 survey conducted at Rutgers University, the recovery still isn’t so great for the bottom 99% and particularly those under 35. Nearly one-quarter (23%) of all respondents to the survey were laid off from either a full-time or part-time job during and after the recession (over the past four years). According to the...

Rating America: 16 things we’re not good at.

This month the World Economic Forum released “The Global Competitiveness Report 2012-2013,” that ranks 144 countries, on everything from “Organized Crime,” to the “Quality of Overall Infrastructure,” and the “Protection of Minority Shareholders. #1 represents the best nation, and #144 represents the worst nation. America did very poorly almost...

A sustainable economy: it’s not only about the jobs.

Recent research indicates that a green economy is a strong and inclusive one that will help the shift to an economy that is fairer, more sustainable and resilient. Author Ethan Pollack of the Economic Policy Institute outlines the benefits of a green economy in his paper “Counting Up to Green.” More than 3.1 million jobs are considered “green” as of 2010...

How Multi-National Business Holds the US Economy Hostage

In Jeffrey Sachs’ new book, The Price of Civilization, he states in no uncertain terms that the US economy is held hostage to a narrow group of corporate interests. ”Corporate wealth translates into political power through campaign financing, corporate lobbying and the revolving door of jobs between government and industry; and political power...