Economy

The Pathology of the Rich
realnews.today
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
realnews.today
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
realnews.today
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
realnews.today
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
realnews.today
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
realnews.today
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
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
realnews.today
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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