DhafirTrial

An important reason why Europe is in its current debt crisis is because for decades it has been emulating the US example of creating a permanent “culture of debt”. (more…)

(Reuters) – U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows. (more…)

Guardian U.K.

The world’s poor are not begging for charity from the rich – they’re asking for justice and fairness (more…)

Michael Hudson ICH

The inherently symbiotic relationship between banks and governments recently has been reversed. In medieval times, wealthy bankers lent to kings and princes as their major customers. But now it is the banks that are needy, relying on governments for funding – capped by the post-2008 bailouts to save them from going bankrupt from their bad private-sector loans and gambles. (more…)

By Bill Quigley Commondreams

“Our nation, so richly endowed with natural resources and with a capable and industrious population, should be able to devise ways and means of insuring to all our able-bodied men and women, a fair day’s pay for a fair day’s work.” Franklin Delano Roosevelt, 1937 (more…)

Guardian U.K.

Indiana University study says 46 million Americans are living below the poverty line – up 27% since start of recession (more…)

It is a great reflection on the generosity of the people of St. Francisville, and an awful reflection on American society, that at their time of greatest need, Ruthie and Mike Leming had to rely on donations to stave off financial ruin. In what kind of society do we allow teachers and firefighters to rely on charity to help pay their medical bills? (more…)

Washington AP – Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income.  (more…)