Finance


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…)

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…)

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