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?
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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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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.
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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.
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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.
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As the value of money rises, the value of things goes down, and vice versa (illustration by Constance Heffron, Happy Days, 1951, Allyn and Bacon; source).by Gaius PubliusWhy are the world's largest corporations sitting on trillions in cash?
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 […]
Lagarde hinted that the crisis could spread more broadly across the financial system, suggesting that emerging market and energy sector companies defaulting on their payments could “infect” banks and state treasuries.
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Financial capitalism is photophobic; it doesn’t like the light and thrives on opacity”, says Gerardo Pisarello. He is deputy Mayor of Barcelona, where the panel he speaks on takes place. This late November event is the culmination of several days of convergences between NGOs and social movements to formulate a ‘Common Project on Debt for Europe’. Shedding light on the […]
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