Economy

Families with stable jobs at risk of homelessness in Britain, report finds
realnews.today
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
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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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Think our governments can no longer control capitalism?
realnews.today
Seen in the simplest terms, the story of political economy over the past four decades is a class war between capital and labour, which capital has won hands down. The battlefield is littered with evidence of labour’s defeat: nugatory pay awards, precari ...[Read more]
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Security robot bullied and forced off the street in San Francisco
realnews.today
A robot patrolling a street in San Francisco to ward off homeless people has been removed after complaints from locals, who also knocked it over and smeared it with feces. The Knightscope K5 security robot was deployed by the San Francisco branch of the S ...[Read more]
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The US Military Is the Biggest Entitlement Program on the Planet
realnews.today
The US economy is caught in a trap. That trap is the Department of Defense: an increasingly sticky wicket that relies on an annual, trillion-dollar redistribution of government-collected wealth. In fact, it's the biggest "big government" program on the pl ...[Read more]
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Why are America’s farmers killing themselves in record numbers?
realnews.today
We were growing food, but couldn’t afford to buy it. We worked 80 hours a week, but we couldn’t afford to see a dentist, let alone a therapist. I remember panic when a late freeze threatened our crop, the constant fights about money, the way light swe ...[Read more]
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Republicans Now Turn Their Attention to Deregulating Wall Street With Key Hearing Tuesday
realnews.today
With GOP tax plan moving ahead and the Obamacare fight in the rearview mirror, Republicans in Congress are setting their sights next on deregulating Wall Street. Ten Democrats have co-sponsored a bill that would deregulate Wall Street. That makes the GOP- ...[Read more]
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Student Loan Debt Is Now As Big as the U.S. Junk Market
realnews.today
U.S. student loan debt now equals the size of the $1.3 trillion U.S. high-yield corporate bond market, presenting investors with a whole different range of risks. “Delinquency rates on student loans are much higher than those on auto loans or mortgages, ...[Read more]
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Ryan pledges ‘entitlement reform’ in 2018
realnews.today
House Speaker Paul Ryan (R-Wis.) on Wednesday said House Republicans will aim to cut spending on Medicare, Medicaid and welfare programs next year as a way to trim the federal deficit. “We’re going to have to get back next year at entitlement reform, ...[Read more]
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Why the UN is investigating extreme poverty in America, the world’s richest nation
realnews.today
The United Nations monitor on extreme poverty and human rights has embarked on a coast-to-coast tour of the US to hold the world’s richest nation – and its president – to account for the hardships endured by America’s most vulnerable citizens. The ...[Read more]
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America’s War on America
realnews.today
The vultures have started circling. In a sane world, legislation that adds $1.5 trillion to America’s debt (already over $20 trillion and rising by the second) would not be celebrated as “just what the country needs to get growing again.” Yet here w ...[Read more]
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