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Federal Bank Regulator Drops A Bombshell As Corporate Media Snoozes

Federal Bank Regulator Drops A Bombshell As Corporate Media Snoozes
Above Photo: Andrew Harrer/Bloomberg Graphic Provided by Thomas Hoenig, Vice Chair of the FDIC, to the Senate Banking Committee in his Letter of July 31, 2017 Last Monday, Thomas Hoenig, the Vice Chairman of the Federal Deposit Insurance Corporation (FDIC), sent a stunning letter to the Chair and Ranking Member of the U.S. Senate Banking Committee. The letter contained information that should have become front page news at every business ... Read more

Britain Spent ‘Twice As Much On Overseas Fossil Fuels As Renewables’

Britain Spent ‘Twice As Much On Overseas Fossil Fuels As Renewables’
Above Photo: A vendor weighs coal for a customer in Lucknow, India. The country has been one of the top five beneficiaries of UK energy support this decade. Photograph: Rajesh Kumar Singh/AP Nearly half of £6.1bn energy spending in developing countries from 2010-14 went on oil, coal and gas-fired schemes, data shows The UK has spent more than twice as much overseas support on fossil fuels projects as on renewable ones so far this decade, ... Read more

Fossil Fuel Subsidies Are A Staggering $5 Tn Per Year

Fossil Fuel Subsidies Are A Staggering $5 Tn Per Year
Above Photo: In this photo taken on November 19, 2015, smoke belches from a coal-fired power station near Datong, in China’s northern Shanxi province. Photograph: Greg Baker/AFP/Getty Images A new study finds 6.5% of global GDP goes to subsidizing dirty fossil fuels Fossil fuels have two major problems that paint a dim picture for their future energy dominance. These problems are inter-related but still should be discussed separately. First, ... Read more

Five Indigenous Farming Practices Enhancing Food Security

Five Indigenous Farming Practices Enhancing Food Security
Above Photo: From FoodTank.com On the 2017 International Day of the World’s Indigenous Peoples, the United Nations is celebrating the 10th anniversary of the Declaration on the Rights of Indigenous Peoples (UNDRIP). The Declaration, formally adopted in 2007, is an international human rights instrument that sets a standard for the protection of indigenous rights. UNDRIP addresses the most significant issues affecting indigenous peoples ... Read more

Don’t Lie To Poor Kids About Why They’re Poor

Don’t Lie To Poor Kids About Why They’re Poor
Above Photo: Shutterstock Those at the bottom — and the top — deserve to know why their experiences are so different. Work hard and you’ll get ahead — that’s the mantra driven into young people across the country. But what happens when children born into poverty run face first into the crushing reality that the society they live in really isn’t that fair at all? As new research shows, they break down. A just released study published in the ... Read more

Black Women Work 7 months In 2017 Equal Pay Of White Men In 2016

Black Women Work 7 months In 2017 Equal Pay Of White Men In 2016
July 31st is Black Women’s Equal Pay Day, the day that marks how long into 2017 an African American woman would have to work in order to be paid the same wages as her white male counterpart was paid last year. Black women are uniquely positioned to be subjected to both a racial pay gap and a gender pay gap. In fact, on average, black women workers are paid only 67 cents on the dollar relative to white non-Hispanic men, even after controlling ... Read more

In 40 Years: CEO Pay Up 937%, Worker Wages Stagnant

In 40 Years: CEO Pay Up 937%, Worker Wages Stagnant
Above: Image credit: Sergei Bachlakov / Shutterstock.com US inequality problem continues to be the worst in the industrialized world. A new report, published by the Economic Policy Institute (EPI) this week, shows that while wages for American workers have essentially remained stagnant for decades, CEO pay has soared at an “outrageous” clip.  A study by the Pew Research Center (PRC) in 2014 found that economic analyses show a “lack of ... Read more

What Happened To America’s Wealth? The Rich Hid It

What Happened To America’s Wealth? The Rich Hid It
Above Photo: Jeff Smallwood/Flickr There’s actually trillions that could be used to fix our roads and schools. The wealthy just don’t want you to know where it is. If you find yourself traveling this summer, take a closer look at America’s deteriorating infrastructure — our crumbling roads, sidewalks, public parks, and train and bus stations. Government officials will tell us “there’s no money” to repair or properly maintain our tired ... Read more

Student Debt Means Fewer Public Servants — And More Bankers

Student Debt Means Fewer Public Servants — And More Bankers
Above Photo: Flickr/Donkeyhotey Indebted students trained for public service are instead cutting bait and heading for Wall Street. Cum laude, my diploma reads — “with honor.” But cum debitum, “with debt,” is a bit more accurate. Collectively, America’s student borrowers owe $1.7 trillion. On average, each graduating senior this year is beginning their life around $37,000 in the hole. That looks like a lot, but when you’re living with student ... Read more

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