Finance


Joseph T. Salerno Mises Daily

All governments past and present, regardless of their formal organization, involve the rule of the many by the few. In other words, all governments are fundamentally oligarchic. (more…)

MOSCOW, November 14 (Sputnik) – Russia plans to leave the “dollar dictatorship” of market oil prices and turn to using the country’s national currency and the Chinese yuan, Russian President Vladimir Putin said Friday. (more…)

Commondreams.org

The amount of personal debt being accrued by college students in the nation’s private and public colleges continues to rise at shocking rates with current graduates of four-year schools exiting with a national average of nearly $30,000 in loans to repay, according to a new report released Thursday. (more…)

A new study has revealed that 0.01 percent of the population holds more and more of America’s wealth. The share of wealth in the hands of middle class families has tumbled to levels not seen since before the Wall Street Crash in 1929. (more…)

RT

President Vladimir Putin and Chinese leader Xi Jinping have signed a memorandum of understanding on the so-called “western” gas supplies route to China. The agreement paves the way for a contract that would make China the biggest consumer of Russian gas. (more…)

By Henry A. Giroux  Truthout

Across the globe, a new historical conjuncture is emerging in which the attacks on higher education as a democratic institution and on dissident public voices in general – whether journalists, whistleblowers or academics – are intensifying with sobering consequences. (more…)

NYTimes

ARNOLDS PARK, Iowa — For almost 40 years, Carole Hinders has dished out Mexican specialties at her modest cash-only restaurant. For just as long, she deposited the earnings at a small bank branch a block away — until last year, when two tax agents knocked on her door and informed her that they had seized her checking account, almost $33,000. (more…)

Commondreams.org

The annual report, Children of the Recession: The impact of the economic crisis on child well-being in rich countries, was released Tuesday in Rome. It finds that in the 41 richest countries at least 76.5 million children live in poverty. (more…)

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