Category Archives: News

RECENT NEWSLETTERS

Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America

Retail Apocalypse: 2016 Brings Empty Shelves And Store Closings All Across America
By Tyler Durden in ZeroHedge. Submitted by Michael Snyder via The End of The American Dream blog, Major retailers in the United States are shutting down hundreds of stores, and shoppers are reporting alarmingly bare shelves in many retail locations that are still open all over the country.  It appears that the retail apocalypse that made so many headlines in 2015 has gone to an entirely new level as we enter 2016.  As economic activity slows ... Read more

Baltimore Housing Roundtable Has A Bold Proposal

Baltimore Housing Roundtable Has A Bold Proposal
Above photo: March for the right to housing by HONBaltimore. By Adam Bednar of the Daily Record. The group, consisting of a coalition of various activist organizations, believes its report, “Community + Land + Trust: Tools for Development without Displacement,” shows a path toward a development model in Baltimore encouraging growth that doesn’t cause gentrification. “It’s basically to put forth a new development model, essentially … to ... Read more

Announcing the Bank Whistleblowers’ Group

Announcing the Bank Whistleblowers’ Group
I am writing to announce the formation of a new group and a policy initiative that we hope many of our readers will support and help publicize. By William K. Black in New Economic Perspectives Gary Aguirre, Bill Black, Richard Bowen, and Michael Winston are the founding members of the Bank Whistleblowers’ Group.  We are all from the general field of finance and we are all whistleblowers who are unemployable in finance and financial ... Read more

NYC Set to Triple Number of Worker Cooperatives

NYC Set to Triple Number of Worker Cooperatives
Above photo: The Working World received the largest single grant from NYC’s $1.2 million Worker Cooperative Business Development Initiative. (Credit: The Working World) By Oscar Perry Abello in Next City New York City, NY – Worker cooperatives can sometimes sound too good to be true: a business owned and controlled by its workers, who each usually get an equal share of the profits. Compensation for some has gone from $6.25 an hour to ... Read more

City Could Save Money with Public Bank, Study Finds

City Could Save Money with Public Bank, Study Finds
Above Photo: Mayor Javier Gonzales, accompanied by Katherine Updike of Building Solutions, lead consultant on the public banking feasibility study, speaks Wednesday at the Santa Fe Community Convention Center. ‘It’s a lost opportunity with every debt payment we make’ to not have a public bank, he said. Luis Sánchez Saturno/The New Mexican By Bruce Krasnow, www.santafenewmexican.com A feasibility study released Wednesday concluded that the ... Read more

Davos and its Threat to Democracy

Davos and its Threat to Democracy
Note: The wealth divide is getting more extreme. The 62 wealthiest people in the world have wealth equal to the poorest 3.5 billion, half the world’s population. Five years ago it took 388 people to match half the population. Huffington Post reports that “The wealth of the richest 62 has increased an astonishing 44 percent since 2010, to $1.76 trillion. Meanwhile, the wealth of the bottom half of the world dropped by 41 percent.” By Nick ... Read more

After the Crash – Planning our Demands

After the Crash – Planning our Demands
We seem to be at the beginning of the economic collapse predicted by many for 2016. By Kevin Zeese and Margaret Flowers for Popular Resistance. “We have never had a year start the way that 2016 has started.  In the U.S., the Dow Jones Industrial Average and the S&P 500 have both posted their worst four-day starts to a year ever.  Canadian stocks are now down 21 percent since September, and it has been an absolute bloodbath in Europe over ... Read more

2016 Crash Begins – This Time Isn’t Different

2016 Crash Begins – This Time Isn’t Different
Global stock markets from Japan to China to the European Union to the United States opened the new year this morning with declines. Economists have been predicting that 2016 will be the year when the charade ends. Stocks cannot continue to rise when there is nothing underneath them but hot air. Tyler Durden lays it out below. Jan. 4, 2016 By Tyler Durden in Zero Hedge. [Above photo: “A woman takes a nap as a man looks at an electronic ... Read more

The Brilliant Simplicity of a Guaranteed Minimum Income

The Brilliant Simplicity of a Guaranteed Minimum Income
The working poor need more money. “But retail stores can’t raise wages very much—their profit margins are too small,” say conservatives. Aha—but there is a solution! By Hamilton Nolan for The Gawker All types of people across the political spectrum agree that people who work hard should not have to live in poverty. Movements like The Fight for 15 have focused on raising the incomes of the lowest-paid workers by forcing low-paying industries ... Read more

Central Banks Out of Control

Central Banks Out of Control
Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the announcement that the U.S. Federal Reserve had hiked interest rates for the first time in nearly a decade in New York, December 16, 2015. | Photo: Reuters By Jack Rasmus for TeleSur On Dec. 16, 2015, the U.S. central bank, the Federal Reserve raised short term interest rates. The move ended more than seven years during which the Fed kept rates at a near zero ... Read more