Tag Archives: Poverty

14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People

14 People Made More Money Than the Entire Food Stamp Budget for 50,000,000 People
Above: Billionaire investor Warren Buffett.  (Photo: Fortune Live Media / flickr / cc) For the second year in a row, America’s richest 14 individuals made more from their annual investments than the $80 billion provided for people in need of food. Nearly half of the food-deprived are children. The fruits of American productivity go to the richest Americans, who can afford to hold onto their fortunes, defer taxes indefinitely, and then ... Read more

Number of Children Living in Poverty Drops Sharply, Census Bureau Reports

Number of Children Living in Poverty Drops Sharply, Census Bureau Reports
Median household income was 8 percent lower last year than in 2007, and the poverty rate was two percentage points higher By Robert Pear The New York Times, September 16, 2014 WASHINGTON — The poverty rate declined last year for the first time since 2006, the Census Bureau reported on Tuesday. But at the same time, it said, there was no statistically significant change in the number of poor people or in income for the typical American ... Read more

The Expanding World of Poverty Capitalism

The Expanding World of Poverty Capitalism
By Thomas B. Edsall Originally published in the www.nytimes.com Above photo: People at Sacramento County family court wait for a number, before standing in another line for a service window. Dennis McCoy | Sacramento Business Journal In Orange County, Calif., the probation department’s “supervised electronic confinement program,” which monitors the movements of low-risk offenders, has been outsourced to a private company, Sentinel Offender ... Read more

Will Detroit’s Water be Privatized or Recognized as Commons?

Will Detroit’s Water be Privatized or Recognized as Commons?
When it comes to a person’s fundamental needs being met - nothing is more basic and human, than to share. Right now the people of Detroit are being attacked by an unelected regime that represents the interests of the banks and large corporations. Their latest campaign has been to turn residents’ water off. Approximately300,000 people shut off from water, because this makes sense in their corporate model. Detroiters sharing with neighbors ... Read more

Leveling the Playing Field for Worker Cooperatives

Leveling the Playing Field for Worker Cooperatives
A quiet revolution is rumbling through New York's municipal offices as they retool to support the creation of worker cooperatives as a way to fight poverty. Spurred by the powerful example of immigrant-owned cleaning cooperatives and the longstanding example of Cooperative Home Care Associates in the Bronx - the largest worker cooperative in the country - progressive city council members are allying with a new network of worker cooperatives, ... Read more

Report: Charters Creating Two-Tier Education

Report: Charters Creating Two-Tier Education
As an antidote to the “grow grow grow” mentality of the elected officials and business leaders pushing charter schools, a recent report by University of Oregon professor and political economist Gordon Lafer outlines what’s wrong with privatization of public schools. The report, titled Do Poor Kids Deserve Lower-Quality Education than Rich Kids? Evaluating School Privatization Proposals in Milwaukee, focuses on the model of Rocketship, a ... Read more

Fracking Could Cause People to Die of Thirst

Fracking Could Cause People to Die of Thirst
You cannot live without water, but the fossil fuel industry is counting on squeezing the last drop out of the Earth to extract oil and natural gas. On March 21, Bloomberg news ran an article, "Global Energy Thirst Threatens Water Supplies, UN Says." It's rather grim to foresee that when the fresh water runs out or becomes too polluted to drink -- and desalination plants can only provide a small portion of drinking water -- the only option ... Read more

Overwhelming Evidence that Half of America is In or Near Poverty

Overwhelming Evidence that Half of America is In or Near Poverty
The Charles Koch Foundation recently released a commercial that ranked a near-poverty-level $34,000 family among the Top 1% of poor people in the world. Bud Konheim, CEO and co-founder of fashion company Nicole Miller, concurred: "The guy that's making, oh my God, he's making $35,000 a year, why don't we try that out in India or some countries we can't even name. China, anyplace, the guy is wealthy." Comments like these are condescending and ... Read more

Housing and the Construction of the Racial Wealth Gap

Housing and the Construction of the Racial Wealth Gap
Yesterday, apropos of Paul Ryan’s remarks on “inner-city poverty” and a culture that “doesn’t value work,” I wrote about the policy that went into building our inner-cities and depriving whole communities of wealth and opportunity. Likewise, at MSNBC, Ned Resnikoff wrote an excellent piece on the wide income and wealth disparities between blacks and whites. “ In 1984,” he writes, “the white-to-black wealth ratio was 12-to–1…But over the next ... Read more

High Minimum Wage Equals Jobs Growth

High Minimum Wage Equals Jobs Growth
When Washington residents voted in 1998 to raise the state’s minimum wage and link it to the cost of living, opponents warned the measure would be a job-killer. The prediction hasn’t been borne out. In the 15 years that followed, the state’s minimum wage climbed to $9.32 -- the highest in the country. Meanwhile job growth continued at an average 0.8 percent annual pace, 0.3 percentage point above the national rate. Payrolls at Washington’s ... Read more