Category Archives: Educate!

Auto Added by WPeMatico

RECENT NEWSLETTERS

US 1% Will Control 70% of Wealth By 2021

US 1% Will Control 70% of Wealth By 2021
Above Photo: America’s oligarchs are set to maintain their grip on the majority of the country’s wealth, with a new study claiming that they will control 70 percent of national wealth by 2021. (AP/Vadim Ghirda) A new study by the Boston Consulting Group has found that while wealth inequality is growing on a global scale, it has kicked into overdrive in the United States – where America’s 1% are expected to control 70 percent of the nation’s ... Read more

Are Robots Keeping Wages Low?

Are Robots Keeping Wages Low?
Above Photo: In this Aug. 21, 2015 photo, a man works amid orange robot arms at Rapoo Technology factory in southern Chinese industrial boomtown of Shenzhen. AP Photo/Vincent Yu It used to be the case that when employers had trouble hiring, wages would increase in places with low jobless rates. Then came the rise of machines. These days, employees aren’t being paid much more than they were in the past, a BMO economist said in a report ... Read more

Companies Can Either Make Things Or Make CEOs Rich

Companies Can Either Make Things Or Make CEOs Rich
Above Photo: Funny Solution Studio / Shutterstock Making breakthroughs for consumers is hard, companies have found. But making fortunes for CEOs is easy. Jeff Immelt, the CEO of General Electric since 2001, is retiring. The 61-year-old will be making a well-compensated exit. Fortune magazine estimates that Immelt will walk off with nearly $211 million, on top of his regular annual pay. Immelt’s annual pay hasn’t been too shabby either. He ... Read more

Are You Unable To Afford Decent Housing? Welcome To The Club

Are You Unable To Afford Decent Housing? Welcome To The Club
Above Photo:  ‘By the time I was seven, I had already moved four times.’ Photograph: Mario Tama/Getty Images The affordable housing crisis is becoming inescapable. We have now reached the point where a minimum-wage worker can only afford to live in about a dozen counties in the entire nation. Even those with college degrees and wages above minimum wage struggle. This problem doesn’t just impact countless poor Americans any more. Now it hits ... Read more

The Hidden Cost Of Privatization

The Hidden Cost Of Privatization
Above Photo: From ineteconomics.org Why some goods and services should stay in the public domain While the business of business is business, the business of government is not.  This piece points out that while there may be a role for public-private partnerships, not only are the cost savings doubtful, but their effect on the ends of government are extremely worrisome.  Public-private partnerships conflate public and private interests, and in ... Read more

U.S. Women Disproportionately Burdened By College Debt

U.S. Women Disproportionately Burdened By College Debt
Above Photo: Women owe $833 billion in college loans, up from $223 billion in 2004.Photo Credit: Pexels The student loan debt crisis is a glaring example of systemic gender inequality in 2017. American women owe nearly twice as much of the nation’s $1.3 trillion in student loan debt as men do, according to a recent study. Since the 1950s, major strides have been made to shrink the gender gap in enrollment at American colleges and ... Read more

Now Just Five Men Own Almost As Much Wealth As Half Of World’s Population

Now Just Five Men Own Almost As Much Wealth As Half Of World’s Population
Above Photo: It’s not a meritocracy. It’s an oligarchy. (Photo: Pixabay/CC0) Last year it was 8 men, then down to 6, and now almost 5. While Americans fixate on Trump, the super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the poorest five deciles of the world population own about $410 billion in total wealth. As of 06/08/17, the world’s richest five men owned over ... Read more

Trump Wants To Privatize Air Traffic Control. What Could Possibly Go Wrong?

Trump Wants To Privatize Air Traffic Control. What Could Possibly Go Wrong?
Above Photo: Private sector corporations’ first priority is to turn a profit—not to serve the public. (Photo by Spencer Platt/Getty Images) Promising “cheaper, faster and safer travel,” the Trump administration announced a plan this week to privatize the nation’s air traffic control system. The announcement Monday marked the first day of the administration’s “infrastructure week,” a series of publicity events around one of the only areas of ... Read more

Climate Change, Hope, And Revolution: Notes For Dark And Gloomy Times

Climate Change, Hope, And Revolution: Notes For Dark And Gloomy Times
Above Photo: Climate change protest in Copenhagen:  source. The other day I was invited to speak in a colleague’s Environmental Studies class, called, simply, “Hope.”  It happened to be the day after Donald Trump had uttered his calculated, genocidal stupidities about the Paris Agreement (which he kept calling the “Paris Accord”).  By now, a hundred thousand words of outrage, resolve, and analysis have been written and spoken.  Let’s go in ... Read more

Rover Pipeline: Climate Disaster Equal To 42 Coal Plants

Rover Pipeline: Climate Disaster Equal To 42 Coal Plants
Above Photo: From priceofoil.org In the wake of damaging spills and Trump’s Paris pullout, study shows the fracked gas project will cause as much climate pollution as 42 coal plants As controversy swirls around a string of spills and air and water violations caused by Energy Transfer Partners’ construction of the Rover gas pipeline, a study released today underlines another reason federal regulators should halt the project: It will fuel a ... Read more