Finance


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…)

Four years ago, the US government passed this absurd law requiring every bank in the world to enter into an information-sharing agreement with the IRS. (more…)

Truthout

A tiered system has evolved where the top 20 percent of the population is able to afford a university education. The bottom 80 percent is increasingly burdened with debt if they pursue post-secondary education (more…)

Johnston stress that inequality is primarily a result of political and economic arrangements, including anti-trust policy and how much investment society and parents make in their children’s health and education. (more…)

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