Reading the tea leaves for the 2024 economy is challenging. On January 5th, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages rising faster than prices in 2023. But critics are questioning the official figures, and prices are still high. Surveys show that consumers remain apprehensive. There are other concerns. On Dec. 24, 2023, Catherine Herridge, […]
The purpose of this article is to create unity instead of the current animosity between the good and decent people who identify as “pro-Israel” and the good and decent people who identify as “pro-Palestine.” How? By demonstrating that the PURPOSE of Israeli government violence against Palestinians—including one of its openly declared purposes of enlarging Israel geographically while making the Palestinian population in it […]
Eric Zuesse On 1 June 2023, Benzinga headlined “Elon Musk’s Twitter Loses Yet Another Head Of Trust And Safety”, and reported that, Since Musk’s takeover, the microblogging platform has faced mounting criticism for its perceived lack of effective safeguards against harmful content. Irwin’s departure comes at a challenging time for Twitter as it grapples with […]
Eric Zuesse It’s the extreme concentration of wealth in the hands of just a tiny fraction of the richest 1% of the richest 1% of the richest 1% of wealth-holders that makes the country be an aristocracy instead of a democracy. This extreme inequality of wealth does that, by distorting Government-expenditures in the directions that […]
Liberte-Egalite-Fraternite: under Macron’s pass sanitaire guillotine? For the few of us who are students of history, and its aficionado travelers, meaning those who muse and wonder, at times, about how significant figures of the past would view our often dire predicament, it is rather obvious that, for example, the founding fathers of the French Revolution […]
Eric Zuesse The most-reliable information-source regarding the distribution of wealth inside each country is the periodic nearly 200-page Credit Suisse “Global wealth databook,” which is produced by a large team and is therefore too costly to generate annually, but the latest freely available edition of it is their “Global wealth databook 2019”. Wealth-data are far […]
The staggering concentration of wealth at the top has deformed our governing institutions — new window dressing will not end oligarchy.
The post Chris Hedges: Papering Over the Rot appeared first on MintPress News.
Historic protests are taking place across Latin America as people take to the streets to voice their displeasure at the IMF, government corruption, and the spread of fascism.
The post Protests Against Greed and Inequality Are Spreading Like Wildfire Through Latin America appeared first on MintPress News.
Regardless of what Bernie Sanders says, Denmark is not a socialist country: it does not refrain from imperialistic wars; it fails to subject its bankers and billionaires to the same laws that “ordinary” citizens must obey; and it decreases social welfare benefits. Bernie Sanders has apparently convinced much of the American leftwing that Denmark is a […]
The post Debunking the Myth of Denmark appeared first on CovertAction Magazine.
Millionaires and billionaires hold a remarkable 79.2 percent of the United States’ household wealth. That is according to a newly released triennial study into consumer and household finances from the Federal Reserve. The report paints a picture of an unequal America, where a small minority of the rich control the vast majority of household wealth. 11.9 percent of American households have at least $1 million in wealth. Overall, mean family wealth declined by three percent across the country between 2016 and 2019.
