Finance


Truthout

On remote Deer Isle, Maine, the movement for a more just and democratic economy won a major victory this summer. More than 60 employees of three retail businesses – Burnt Cove Market, V&S Variety and Pharmacy, and The Galley – banded together to buy the stores and create the largest worker cooperative in Maine and the second largest in New England (more…)

Rawstory.com

“That’s right. Student debt is the U.S. is now bigger than credit cards and auto loans, and it is second only to mortgages,” Oliver explained. “Essentially student debt is like HPV. If you go to college, you’re almost certainly going to get it. And if you do, it will follow you for the rest of your life.” (more…)

Truthout

The Washington Monthly calls David Cay Johnston “one of this country’s most important journalists” and the Oregonian newspaper says his work is the equal of the great muckrakers Lincoln Steffens, Ida Tarbell and Upton Sinclair. (more…)

According to the Bureau of Labor Statistics, Fernandes was one of an estimated 7.5 million people around the country working multiple jobs to make ends meet in the wake of losing their jobs during the 2008 recession.(more…)

Forbes.com

The Sourouvelis family, along with thousands of others in Philadelphia, is living a Kafkaesque nightmare: Their property is considered guilty; they must prove their innocence and the very prosecutors they’re fighting can profit from their misery. (more…)

Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. (more…)

Ellen Brown  ICH Argentina was the richest country in Latin America before decades of neoliberal and IMF-imposed economic policies drowned it in debt. A severe crisis in 2001 plunged it into the largest sovereign debt default in history. In 2005, it renegotiated its debt with most of its creditors at a 70% “haircut.” But the opportunist “vulture funds,” which had bought Argentine debt at distressed prices, held out for 100 cents on the dollar. (more…)

Business Insider

Qatar is purchasing $11 billion in Patriot missile batteries and Apache attack helicopters from the United States, according to AFP. It’s the largest single sale of U.S. weaponry in 2014, and it’s to a country with only 278,000 citizens (and about 1.5 million expatriates). (more…)

Next Page »