As the New Year gets underway, the highest-paid CEOs of many large corporations have already paid themselves more than the average worker will earn in the entire year! By the end of the first week of January, the highest-paid CEOs had already made as much as their average workers will earn over 8 years.
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Inequality gap widens ‘dramatically’ as super-rich get richer. THE WORLD’S 62 wealthiest people own as much as the globe’s poorest half— around 3.6 billion people, Oxfam revealed yesterday. The total riches of the group — just nine of whom are women — has increased to £1.22 trillion since 2010, yet their wealth has not led to higher tax revenues to […]
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Why is the economy barely growing after seven years of zero rates and easy money? Why are wages and incomes sagging when stock and bond prices have gone through the roof? Why are stocks experiencing such extreme volatility when the Fed increased rates by a mere quarter of a percent?
The post The Chart That Explains Everything appeared first on BSNEWS.
Thousands fear being forced out as 73 landlord MPs vote down motion to ensure housing is ‘fit for humans’ MULTIMILLIONAIRE PM David Cameron was accused of “social cleansing” yesterday after threatening to bulldoze thousands of working families’ homes without guarantee of replacement and denying millions the right to live somewhere “fit for humans.” In a panicked response to the housing […]
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More than 30,000 junior doctors across England have staged a walk-out in a dispute with the government over new contracts. RT spoke to trainee medics in London who fear the crippling changes will “kill” the National Health Service (NHS).
The post #JuniorDoctorStrike: ‘Contract proposals will kill the NHS,’ London medics tell RT appeared first on BSNEWS.
Soon after Columbus launched his business enterprise on the pristine beaches of the New World, each native discovered there above the age of puberty was required to remit a “hawk’s bell’s worth” of gold dust to the Spaniards every two weeks. The hands of all those failing to do so were cut off and strung about their necks – so that they bled to death, thus motivating the compliance of others.
The post How Debt Conquered America appeared first on BSNEWS.
If anything happens in the banking sector – Britain will be one of the first to feel its effects and your hard-earned, tax paid savings will be used to save them this time.
The post UK Banking Industry – Most Unstable in G7 Implements Depositor Bail-in Scheme appeared first on BSNEWS.
NGOs like Amnesty end up providing a kind of “idea laundering” for the U.S. government and its allies. Many years ago, that’s how Canadian writer Linda McQuaig described the function of corporate funded think tanks in debates about domestic policy. Not everybody will be happy to believe what the U.S. government or corporate journalists say. It’s useful to have “independent”, and preferably liberal, organizations like Amnesty promote the required assumptions and deceit.
The Washington Post‘s Catherine Rampell devoted a column to a popular Washington pastime: trying to get young people angry at their parents and grandparents so that they are not bothered by the enormous upward redistribution of income taking place in this country.
The post Convincing the Young to Blame the Old, Not the Rich appeared first on BSNEWS.
The IMF is the leading international monetary agency whose public purpose is to maintain the stability of the global financial system through loans linked to proposals designed to enhance economic recovery and growth. In fact, the IMF has been under the control of the US and Western European states and its policies have been designed to further the expansion, domination and profits […]
