Strike Debt Announces Abolishment Of Student Debt On Occupy Anniversary

By: Thursday September 18, 2014 6:59 am

Strike Debt, an offshoot of the Occupy Wall Street movement, announced yesterday that it has abolished $4 million worth of student loan debt as part of its Rolling Jubilee program. The group was able to purchase the debt for around $100,000. The announcement came on September 17th, which is the anniversary of the beginning of [...]

Poverty Unchanged By Wall Street Recovery

By: Wednesday September 17, 2014 9:19 am

Though the federal government and Federal Reserve moved heaven and earth to ensure the 1% were made whole after the financial crisis, those unable to buy influence in Washington remain frayed. According to the Census Bureau over 14% of Americans remain below the poverty line while financial markets have made a considerable recovery from 2008 [...]

Jobs Lost Due To Financial Crisis Replaced With Ones That Pay 23% Less

By: Tuesday August 12, 2014 8:11 am

The top 1% are richer than we thought. http://t.co/AE4PGTyKR3 pic.twitter.com/ov34ipuZaG — Bloomberg VisualData (@BBGVisualData) August 11, 2014 It’s the fake recovery, stupid. Despite lavish talk of an economic “recovery”, consumer confidence has remained low. Unlike the 1% who are seeing their wealth climb higher on the back of juiced financial markets and tax cheating the [...]

Study: When States Lower Business Costs They Contribute To Wealth Inequality

By: Thursday July 17, 2014 6:59 am

When state governments try to create a better business climate they run the risk of encouraging a more stratified society, according to a new study by David Neumark and Jennifer Muz of the University of California. The study compares two different policy approaches to improve the business climate of a state – those that attempt [...]

Poll: Americans No Longer Believe In American Dream

By: Wednesday December 11, 2013 8:44 am

With even President Obama lamenting the loss of social mobility in America it now seems the majority of the American people no longer believe in the American Dream. According to a Bloomberg Poll the “land of opportunity” meme, long established irrespective of evidence, has finally been smothered by the realities of plutocracy. The widening gap [...]

Economic Confidence Craters As Shutdown, Income Stagnation, and Poverty Roil Americans

By: Tuesday October 8, 2013 10:32 am

We are now in day 8 of the federal shutdown and it seems Americans are rapidly losing faith that the powers that be can turn the economy around. Confidence in the economy has deteriorated more in the past week than in any week since Lehman Brothers collapsed on Sept. 15, 2008. And why not? Is [...]

Census: Poverty Still Historically High As Median Incomes Remain Stagnant

By: Tuesday September 17, 2013 10:10 am

The recovery that wasn’t and isn’t. On the day Occupy Wall Street marks its second anniversary the US Census Bureau has published its report on income, poverty and health insurance coverage in America. The results of the study provide more evidence that while the top 1% have gotten even richer, the 99% have stagnated. Median [...]

Obama Rehashes Old Economic Speech Despite Record

By: Thursday July 25, 2013 7:59 am

President Obama gave an economic speech yesterday that mirrored many of his earlier statements on his goals for the economy. According to some observers the speech was near identical to others Obama has given. You could be forgiven if you thought you had heard President Obama’s speech on the economy today before. Because you have. [...]

Second Largest Employer In America Is Temp Agency

By: Tuesday July 9, 2013 10:01 am

If we keep saying recovery over and over again, maybe it will become true. Until then the facts are harsh. The job market is atrocious with most Americans coming off the unemployment rolls by either giving up working or taking low-paying part time and temporary jobs. This phenomenon is perhaps best exemplified in that the [...]

Unemployment Rate Remains At 7.6%

By: Friday July 5, 2013 6:43 am

According to the report by the Bureau of Labor Statistics the official unemployment rate remained at 7.6%. In some quarters the report is seen as good news despite the rate stasis because private sector job growth increased by 202,000 as government jobs decreased by 4,000. Unemployment steadied at 7.6 percent for the month, as nonfarm payrolls [...]

Average Americans Still Have Not Recovered From Crash

By: Friday May 31, 2013 5:59 am

According to a new study by the Federal Reserve, American households have regained less than half of the wealth lost during the recession. While the wealthiest have actually gained since the crash the 99% are still not nearly whole. From the peak of the boom to the bottom of the bust, households watched a total [...]

support firedoglake
Follow FDL News Desk
TODAY’S TOP POSTS
Advertisement
FROM PR NEWSWIRE

Close