RECENT NEWS

Super Committee Targeted By Lobbyists

Reuters September 16, 2011 WASHINGTON, September 16 (Reuters/Tim Reid) – The special “super committee” tackling U.S. deficit reduction was meant to operate independently and free from outside influence — but Washington’s corps of high-paid lobbyists has found a way in. They ... Read more

The $2 Billion UBS Incident: ‘Rogue Trader’ My Ass

By Matt Taibbi Rolling Stone, September 15, 2011 The news that a “rogue trader” (I hate that term – more on that in a moment) has soaked the Swiss banking giant UBS for $2 billion has rocked the international financial community and threatened to drive a stake through any chance Europe ... Read more

Huge disparity in share of total wealth gain since 1983

By Lawrence Mishel Economic Policy Institute, September 15, 2011 It is widely acknowledged that wealth declined substantially between 2007 and 2009 as the housing bubble burst and stock prices fell. This wealth shrinkage was especially hard on the middle class and those groups (such as ... Read more

As Bad as the Census Bureau Numbers Are; Reality is Worse

Over 56 Million Americans Live in Poverty – How Census Bureau Propaganda Ignores the Suffering of 10 Million Impoverished Americans  Email This –  Print This By David DeGraw Amped Status, September 14, 2011 Here we go again. The government and corporate media are pumping out more ... Read more

50 Percent Teen Unemployment in Washington D.C.

By Brian Koenig August 13, 2011 Well teenagers in D.C. are out of work – that is, 50 percent of them. (CNSNews.com) – An analysis based on U.S. Census Bureau data  by the Employment Policies Institute (EPI) shows that the average  unemployment rate for teens ages 16 to 19 in the District of ... Read more

Wealth, Income, and Power

By G. William Domhoff Who Rules American, September 2005 (updated July 2011) This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators. Some of the information may come as a surprise to many people. In fact, I know it ... Read more

A Huge Housing Bargain — but Not for You

Big Transfer of Wealth to the Wealthiest as Federal Government Sells of Housing for Fraction of the Cost Taxpayers Lose Again to Wealthy Connected in the Crony Capitalist Economy By Roger Arnold The Street, August 18, 2011 NEW YORK (RealMoney) — The largest transfer of wealth from the public to ... Read more