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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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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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Leaked memos reveal GCHQ efforts to keep mass surveillance secret
The UK intelligence agency GCHQ has repeatedly warned it fears a "damaging public debate" on the scale of its activities because it could lead to legal challenges against its mass-surveillance programmes, classified internal documents reveal. Memos contai ...[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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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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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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Crypto-crackdown: EU agrees on new rules to curb bitcoin anonymity
The EU is targeting bitcoin anonymity, saying the measure is needed to tackle tax evasion and other crimes. Anonymity of the cryptocurrency holders is a built-in feature that the EU hopes to undermine. The new rules concerning cryptocurrency passed on Fri ...[Read more]
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Wheelchair-bound man with no legs killed by IDF in Gaza during Jerusalem protest
A disabled Palestinian man missing both legs is among those killed by Israeli security forces that opened fire on demonstrators in the West Bank and along the border with Gaza, Gaza’s health ministry said. Abu Thurayeh, 29, was shot dead east of Gaza Ci ...[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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Sharing the Wealth: Bitcoin Mogul Moves to Donate $86 Million to Charities
"Bitcoin has changed my life, and I have far more money than I can ever spend. My aims, goals, and motivations in life have nothing to do with having XX million or being the mega rich. So I'm doing something else: donating the majority of my bitcoins to c ...[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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