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
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
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
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
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.
– 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
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
Americans are screwed by the food we eat. On the heels of a report by the Center for Disease Control showing a drastic 78% increase in cases of autism in America since 2002 – a new study suggests that the food we eat might be responsible. The peer-reviewed journal, Clinical Epigenetics, links increased autism cases to the widespread use of high-fructose corn syrup in the American diet.
As the study’s co-author Dr.
As banks have once again returned to making pre-recession profits – thanks mostly to their taxpayer bailout – they’re once again preying on the poor with subprime lending. A new report by Experian shows that credit cards lender handed out 1.1 million new credit cards to people with damaged credit in December of last year. That’s 12% jump from just one year ago.
The banks prefer those with low credit because they can jack up i
Had George Zimmerman shot and killed 17-year-old Trayvon Martin on a battlefield in Iraq – he would have been punished. But on the streets of Florida – Zimmerman walks free. The organization VoteVets.org points out today that Florida’s Stand Your Ground law gives more leeway to shooters on the streets of America than our armed forces have to deal with hostile insurgents in Iraq.
According to the Rules of Engagement