Economy - Part 12

Scotland united in curiosity as councils trial universal basic income
Universal basic income is, according to its many and various supporters, an idea whose time has come. The deceptively simple notion of offering every citizen a regular payment without means testing or requiring them to work for it has backers as disparate ...[Read more]
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California’s middle class homeless living in parking lots
The rising cost of rent and housing in California is forcing residents into alternative accommodation with middle class workers taking up residence in their cars and RVs by the side of the road to make ends meet. Hundreds of people, including nurses and ...[Read more]
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Asian Dawn: Think Tank Claims China Will Supplant US as Largest Economy in 2032
A new report from a London think tank claims that China will totally overtake the US economy in size by 2032, with four other Asian nations – India, Japan, South Korea, and Indonesia – joining it in the top 10. ...[Read more]
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The Pathology of the Rich
On RAI with Paul Jay, Chris Hedges discusses the psychology of the super rich; their sense of entitlement, the dehumanization of workers, and mistaken belief that their wealth will insulate them from the coming storms ...[Read more]
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$21 trillion of unauthorized spending by US govt discovered by economics professor
The US government may have misspent $21 trillion, a professor at Michigan State University has found. Papers supporting the study briefly went missing just as an audit was announced. Two departments of the US federal government may have spent as much as $ ...[Read more]
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A New Study Shows How Severe U.S. Inequality Is — and How Little We’re Doing About It
In 1980, the average worker on the bottom half of America’s income ladder earned about $16,000 a year (in today’s money). Over the ensuing three-and-a-half decades, the average national income in the United States grew by 61 percent. That rising tide ...[Read more]
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See here how screwed Millenials are in today’s USA
Why millennials are facing the scariest financial future of any generation since the Great Depression. ...[Read more]
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You are Working Harder and Getting Paid Less
A research paper titled “Decomposing the Productivity-Wage Nexus in Selected OECD Countries, 1986-2013,” studied 11 advanced-capitalist countries and found that in eight of them median wages have not kept pace with growth in labor productivity. To put ...[Read more]
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A journey through a land of extreme poverty: welcome to America
The UN’s Philip Alston is an expert on deprivation and he wants to know why 41m Americans are living in poverty. The Guardian joined him on a special two-week mission into the dark heart of the world’s richest nation ...[Read more]
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Families with stable jobs at risk of homelessness in Britain, report finds
Homelessness is now a serious risk for working families with stable jobs who cannot find somewhere affordable to live after being evicted by private-sector landlords seeking higher rents, the local government ombudsman has warned. Michael King said nurses ...[Read more]
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Top .001% Making 636% More Since 1980, But GOP Tax Scam Will Turbocharge Inequality
A new report released Thursday finds that economic inequality has soared in nearly every country around the world, with the United States' income and wealth gaps widening to a particularly extreme degree compared to European and other countries. The World ...[Read more]
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