Finance


antiwar.com

Bitcoin is a new paradigm that fundamentally challenges the way we do finance. It is an open source protocol that enables peer-to-peer distributed consensus at a large scale without any governing center and with no command from above. (more..)

Zerohedge.com

The drip-drip-drip of Fed-induced inflation is hardly felt by most Americans even on an annual basis; but take a step back over a generation of currency debasement and it becomes clear. As the following image shows, the cost of living since 1938 has, simply put, exploded. With incomes up just 30x in those 76 years, the cost of a home has risen 70x, the cost of bacon has risen 100x, and the biggest of all, the cost of a Harvard education has risen 142x.  (more…)

Washington Post

Aggressive police take hundreds of millions of dollars from motorists not charged with crimes (more…)

The Hill

As if aging in America isn’t hard enough these days, a new government report has uncovered that seniors are facing yet another barrier to a secure retirement: their student debt. Once thought to be a young person’s issue, new data released by the Government Accountability Office shows that older Americans are also finding themselves buried under the weight of their student loans.  (more…)

Truthout

I messed up. But I’m not alone. Seven out of ten college graduates have an average of $29,000 in debt along with their diploma. It sucks, and I’m one of the lucky ones. Since I’ve put off grad school primarily for this reason, I’m only looking at my student loan debt for the next seven-ish years. My heart breaks for those who don’t see an end. (more…)

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…)

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