"Renaissance Thinking About the Issues of Our Day"
One day after downgrading Ireland’s credit rating to junk status – Moody’s Investors Service turned its sights on the United States. In an announcement released yesterday – Moody’s said the United States is in danger of losing its “AAA” credit rating – and has put our nation under review for a credit downgrade. A credit downgrade for the United States could be the first step toward other nations dropping the dollar as thei
Homeowners are screwed again. Banksters are laying the groundwork for a second financial crisis. The Wall Street Journal is reporting that private investment firms are once again giving out subprime mortgages to interested homeowners who normally wouldn’t qualify for a home loan. It was these exact subprime mortgages that inflated the housing bubble and crashed the economy 3 years ago.
A new report by Brookings shows how corporations are forcing Americans to work to the bone for meager wages. Today – the typical two-parent family has to work 26% longer than back in 1975. And since 1975 – wages have failed to keep up with the longer working hours. In other words – fat cat CEOs are getting a lot more “bang for the buck” out of their workers today.
Our unequal society is killing off hundreds of thousands of Americans every year. A new study by the American Journal of Public Health takes a look at how certain social factors contribute to early deaths. Looking at just the year 2000 – the study found that 245,000 Americans died because they didn’t receive a quality education.
Media moguls like Rupert Murdoch suffered a blow yesterday in their bid to take over the nation’s news media. The US Court of Appeals for the Third Circuit struck down an FCC rule that allowed companies to own both a newspaper and a broadcast station in the same market. Back in 1997 – the FCC relaxed laws regarding cross-ownership in the media.
Is wealth inequality in America hurdling our nation toward civil unrest? In a television interview this morning – former National Security Advisor Zbigniew Brzezinski warned that the growing wealth imbalance in America – now reaching levels not seen since the Great Depression – could lead to civil unrest in the streets. As the middle-class in America falls deeper and deeper into desperation – Brzezisnki said, “we’re
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