With U.S. President Joe Biden still under fire for proposing a $753 billion national defense budget for the next fiscal year—the bulk of which would … Execs at Top Pentagon Contractors Raked in $276.5 Million Last YearRead more
Economics
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May Day and the United States of Amnesia
May Day is celebrated in more than 90 countries around the world as International Workers’ Day, with large-scale marches and protests, in honor of the … May Day and the United States of AmnesiaRead more
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Why rich parents have rich children
The children of rich families tend to go to better quality schools, have higher cognitive skills, and complete more years of schooling. This column exploits … Why rich parents have rich childrenRead more
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Why minimum wage law created
Arlie Hochschild – “Strangers in Their Own Land: Anger and Mourning on the American Right” Economic Update [youtube https://www.youtube.com/watch?v=ZnA5oIjqfLY&rel=0&feature=relmfu] [if not the wages will reach … Why minimum wage law createdRead more
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Additional 230 Million Indians Fell Below Poverty Line Due to the Pandemic
At a time when the second wave of the COVID-19 pandemic is ravaging India, a report prepared by the Centre for Sustainable Employment at Azim … Additional 230 Million Indians Fell Below Poverty Line Due to the PandemicRead more
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Finally a Tiny Sales Tax On Stocks
James Henry Economic Update [youtube https://www.youtube.com/watch?v=IZEX4fYZl4s&rel=0&feature=relmfu]
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A ‘Superbug’ Resistant To All Our Antibiotics
The issue of antibiotic resistance has been getting worse for quite some time. Today, well over five thousand Americans will acquire serious infections that are … A ‘Superbug’ Resistant To All Our AntibioticsRead more
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Private donors: the pied pipers of ‘modern slavery’?
As the director of an anti-slavery charity in London at the turn of the century, I would have welcomed a substantial injection of cash to … Private donors: the pied pipers of ‘modern slavery’?Read more
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America’s Neoliberal Financialization Policy vs. China’s Industrial Socialism
Nearly half a millennium ago Niccolo Machiavelli’s The Princedescribed three options for how a conquering power might treat states that it defeated in war but … America’s Neoliberal Financialization Policy vs. China’s Industrial SocialismRead more
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Hospitals Sued Patients over Medical Debt
We look at pandemic profiteering in the medical system as a new report by Kaiser Health News reveals some of the nation’s richest hospitals recorded … Hospitals Sued Patients over Medical DebtRead more