Thom's blog

If we don’t change our ways soon...

A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: “The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choos

Two years of trickle-down austerity has The U.K. officially in a second recession

The U.K. is officially in a second recession as the British economy shrank for the second straight quarter. Conservative Prime Minister David Cameron whose government has been pushing trickle-down austerity for nearly the last two years called the new economic numbers, “very, very disappointing.” The U.K.

The blowback against Austerity rages throughout Europe

The continental rejection of austerity continues in Europe. In the Netherlands – the Dutch government coalition collapsed on Monday – after lawmakers failed to agree upon a series of austerity measures. And in Ireland – the nation’s largest trade unions are pressuring the government to vote against more austerity measures being pushed by Germany.

These latest protests – coupled with the early electoral defeat of French Presid

The Worldwide Recession & Austerity has led to Global Unemployment & Civil Unrest

The United States isn’t the only nation dealing with chronic unemployment – the rest of the world is too! A new report by the World Bank says that the global economy needs to create 200 million jobs to recover from the worldwide recession and reach full employment. Twenty-seven million jobs were lost around the world when the economy went in the tank in 2008 – and subsequent job growth hasn’t been nearly strong enough to keep up wit

It pays to be a greedy CEO and screw over your workers

The AFL-CIO is out with their new Executive Pay Watch report – revealing that CEOs at Fortune 500 companies made on average $12 million each in 2011. They’re now getting paid 380-times more than their average worker. That’s a slight increase since 2010 – and a massive increase since 1980 – when, before Reaganomics, CEOs were paid only 42-times more than their average worker.

On top of that – CEO pay increased nearly 14% in 20

Children are the biggest victims of the current housing crisis

In 2008 - Wall Street got bailed out – and homeowners got sold out. And now – it’s the children who are the biggest victims of the ongoing housing crisis. According to a new report from First Focus and the Brookings Institute – more than 8.3 million children are facing the direct consequences of home foreclosures.

Already – more than two million children have seen their homes foreclosed on since 2008, and another six million

ALEC drops its campaigns for 'Stand Your Ground' & Voter ID laws

In response to pressure from several progressive organizations – and an exodus of corporate members – the American Legislative Exchange Council announced on Tuesday it’s dismantling its non-economic taskforces responsible for writing radical legislation like “Shoot First” laws and “Voter ID” laws.

While this is a small progressive victory – ALEC promises to continue writing economic legislation that repeals environmental regulations, bus

As the ice cap melts, the war for the North Pole is heating up

The oil barons of the world – and the militaries that rely on that oil – are seeing new opportunities in the North Pole as global climate change kicks into high gear. Warming weather is leading to the Northern ice cap melting – uncovering a treasure trove of oil and natural gas reserves. Scientists believe that the Arctic is storing 13% of the world’s untapped oil – and nearly a third of the world’s undiscovered natural gas.

The Buffett rule will get a vote in the Senate today...

– but it likely won’t be able to overcome a unified Republican filibuster. President Obama’s proposal would force millionaires and billionaires like Warren Buffet and Mitt Romney to pay at least the same tax rate as working Americans. Currently – America’s super rich take advantage of loopholes created by the Bush tax cuts – and pay far lower rates than even a lot of middle class Americans.

Making the rich pay their fa

Giant Transnational Corporate Tax Dodgers are eating our towns

Small businesses are screwed. Giant transnational corporate tax dodgers are costing small businesses thousands of dollars. Not only have 26 major American corporations used tax loopholes to avoid paying any federal taxes over the last four years, but roughly $60 billion in revenue is lost every single year thanks to corporations stashing cash in offshore bank accounts. And guess where that money has to be recouped from – worki

Syndicate content

Latest Headlines

Obama to veto legislation on refugee screening

President Barack Obama would veto a Republican bill introduced in the wake of the Paris attacks to toughen the screening process for Syrian refugees

New York officials: No credible ISIS threat against city

There is no credible threat to New York City at this time, officials said

China denies torturing political prisoners

A Chinese delegation denied mistreatement of prisoners held in police stations and deaths in custody

Blog Archives