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The De-industrialization of America
On January 6, 2004, Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts on Free Trade.” The article
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US Gov’t Profited $51 Billion Off Student Loans, Bigger Than Any Fortune 500 Company
The majority of Americans view education as the key to a lucrative career and a comfortable lifestyle, but the constant indebtedness of student borrowers has become a looming financial crisis, which Washington fears
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73% of today’s students will still be paying off their tuition fees in their 50s
Three out of four of today’s students will reach their 50s still owing debts from university of around £30,000, according to a major study published today. The study, carried out by the Institute for Fiscal
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Shocking Facts About The Deindustrialization Of America That Everyone Should Know
How long can America continue to burn up wealth? How long can this nation continue to consume far more wealth than it produces? The trade deficit is one of the biggest reasons
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Student loan debts top $1 trln in US
The student loan industry is booming, saddling over 37 million college students and graduates with $1.08 trillion in loans in 2013, even as President Barack Obama and lawmakers work to rein in the crippling
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19 Numbers Which Prove That Americans Are Angrier And More Frustrated Than Ever
Have you noticed that people are becoming angrier? You can see it everywhere – in our homes, in our schools, in our workplaces, in our television shows, in our movies, and certainly in
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The Higher Education Bubble: Student Debts and the Bankers’ New Socially Engineered Trap
According to latest figures from the Nationwide Bureau of Statistics, there is only one job opening for every five college graduate student candidates in America today. In the last 15 years, educational costs in
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Wow – The Holiday Shopping Season Is Off To A Horrible Start
According to the National Retail Federation, Americans spent an average of 4 percent less over the four day Thanksgiving weekend than they did last year. Overall, that means that approximately $1.7 billion less
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Collecting Donations For Wal-Mart Employees That Cannot Afford Thanksgiving Dinner
You may find what is happening at one Wal-Mart in Ohio very hard to believe. At the Wal-mart on Atlantic Boulevard in Canton, Ohio employees are being asked to donate food items so
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30 Statistics About Americans Under The Age Of 30 That Will Blow Your Mind
Why are young people in America so frustrated these days? You are about to find out. Most young adults started out having faith in the system. They worked hard, they got
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The American People Are Angry
The American people are angry. They are angry that they are being forced to live through the worst recession in our lifetimes -- with sky-high unemployment, with millions of people losing their homes and
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How the US Government, Banks, Prison-Industrial Complex, Corrupt Officials, Businesses, Law Enforcement, Racists and the CIA Profit From Illegal Drugs
A recent article in The Guardian UK offers evidence that "while cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the profits." According to
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Starving Greeks queue for food in their thousands as debt-wracked country finally forms a coalition government… but how long will it last?
Starving Greeks queued around the block for free food handouts yesterday as the country's politicians managed to end a crippling stalemate to form a coalition government. Young children as well as the elderly waited in
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Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From Now
There is nothing wrong with being optimistic, but there is something wrong with having blind faith that things are going to get better when all of the evidence is screaming at you that things
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Merkel tells Greece to back cuts or face euro exit
Raising the spectre of a Greek exit, the German chancellor said “solidarity for the euro” was threatened by the ongoing political crisis in Athens. Stock markets around the world fell sharply with fears mounting that
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The 2 Billion Dollar Loss By JP Morgan Is Just A Preview Of The Coming Collapse Of The Derivatives Market
When news broke of a 2 billion dollar trading loss by JP Morgan, much of the financial world was absolutely stunned. But the truth is that this is just the beginning. This
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Economic Alert: If You’re Not Worried Yet…You Should Be
For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once
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5 Ways Robots Are Outsourcing Humans in the Workforce
The outsourcing of human jobs as a side effect of globalization has arguably contributed to the current unemployment crisis. However, a growing trend sees humans done away with altogether, even in the low-wage countries
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Why There Are No Jobs
In fact, it was nearly a year before Lehman Brothers vanished from the face of the earth and black swans relentlessly descended upon the LIBOR like common ravens upon fresh Southern California road kill.
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How Government Policies Hurt Low-Wage Workers
truther January 1, 2014 0Fast-food workers across the county have recently held a number of high profile protests to agitate for higher wages. These protests have been accompanied by efforts to increase the wages mandated by state and
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