Economy Archive

  • In honor of Labor Day and the continuing inequality in the U.S. economic system, Christopher Ketcham's essay was published a Occupy Wall Street was taking off in 2011. The problem continues: money given out in Wall Street bonuses in 2014 was twice the amount all minimum-wage workers earned combined.

    On Labor and Inequality: Reign of the One Percenters

    In honor of Labor Day and the continuing inequality in the U.S. economic system, Christopher Ketcham's essay was published a Occupy Wall Street was taking off in 2011. The problem continues: money given out in Wall Street bonuses in 2014 was twice the amount all minimum-wage workers earned combined.

    Continue Reading...

  • Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the "bail-in" template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.

    Detroit Follows Cyprus: Make Pensioners Pay for Bankruptcy

    Ellen Brown writes on how the Detroit bankruptcy seeks to sacrifice pensioners to pay off the big banks, appearing like the "bail-in" template pushed upon Cyprus which restructured their insolvent banks using depositors funds while sparing those from other banks and governments. Stephen Colbert sums up the situation with some levity as Detroit fights its way back to solvency.

    Continue Reading...