Global economy

Rich get richer from fewer labor unions, study says

RT | February 28, 2015 A study by the International Monetary Fund tracked three decades of income and found that as unionization declined, the wealth of the richest 10 percent in advanced countries showed a continuous increase. More specifically, the study’s authors found that when researching income levels during the period of 1980-2010, the decline […]

America’s wealthiest families smash income ceiling, middle-class left far behind

By Robert Bridge | RT | December 18, 2014 Despite, or because of, the fallout from the 2007 Great Recession, annual earnings between the richest Americans and everybody else have exploded to record levels. Meanwhile middle- and lower-class wealth growth remains stagnant. The median wealth for high-income families hit $639,400 last year, a whopping 7 […]

Russia’s Vulnerability to EU – US Sanctions and Military Encroachments

Image: Four oligarchs very close to Putin: Guennadi Timtchenko, Iouri Kovaltchouk, Igor Setchine and Arkady Rotenberg (Image credit: voltairenet.org)
 
 

The restoration of Russian power engineered by Vladimir Putin is compromised by the economic war waged against him by the United States and the European Union. Western aggression, observes Professor James Petras, will compel Russia to either eliminate the oligarchs on whom it has relied so far or die.

 
 

US bans Europol from releasing its own documents to European officials

RT | September 9, 2014 The United States has instructed Europol, the European Union’s police agency, to withhold its own annual internal data-protection review from EU lawmakers because the report was written without the US Treasury Department’s permission. Europol drafted the data-protection report “without prior written authorisation from the information owner (in this case the […]

Wall Street wins again: Bank of America settlement with US government is insufficient, critics say

RT | August 22, 2014 While the US government touted its “record” settlement reached this week with Bank of America for mortgage fraud that helped fuel the 2008 recession, the details of the agreement indicate yet another light punishment for an offending Wall Street titan. Bank of America agreed to a $16.65 billion settlement with […]