By Michael Snyder Just when you think that the depravity of the United States cannot possibly get any worse, something else comes along to surprise us. Many of the things that you are about to read about in this article are incredibly disturbing, but it is important that we face the truth about how far […]
Just when you thought it couldn’t get much worse for McDonald’s, it did. The six-month outlook for franchisees is at an all-time low, according to a small survey by Mark Kalinowski, a long-time restaurant industry analyst. Some 29 franchisees, who collectively own and operate 208 McDonald’s restaurants in the United States, were asked to give […]
LOS ANGELES – (INT) – Almost 1 in 3 California households struggle each month to meet their basic needs, according to a report released Tuesday by United Ways of California. The report finds that 3.2 million California households do not earn enough income to account for the types of expenses-food, rent, health care-that are essential […]
By Mike Whitney There’s been a virtual blackout of news from this year’s seventh annual BRICS summit in Ufa, Russia. None of the mainstream media organizations are covering the meetings or making any attempt to explain what’s going on. As a result, the American people remain largely in the dark about a powerful coalition of […]
By Andre Damon The economic recession that began with the collapse of the housing market in 2007 officially came to an end in June 2009—more than six years ago. But by most indications, American households are significantly worse off than they were at the depth of the downturn. Despite the drop in the official unemployment […]
Congress should not grant President Obama authority to conclude another free trade agreement in Asia, because it would lower American wages and exacerbate income inequality. The Trans-Pacific Partnership would eliminate tariffs and lower other regulatory barriers to trade and investment among the United States, South Korea, Japan, and nine other Pacific Rim nations. If successful, […]
BY JIM OWEN President Obama shares some of the responsibility for the nation’s wealth inequality, New Jersey Gov. Chris Christie alleged Tuesday. The potential Republican presidential candidate cited the policies of the president’s administration and the Federal Reserve as contributing factors in the income gap, Thomson / Reuters reported. Obama has made the situation worse […]
Obama sanctions, poor foreign policy, massive US debt and warmongering in Ukraine have led to improved relations between India and China creating a clear path for the three BRICS nations to function as the world’s new economic and strategic powerhouse. SV Press Indian Prime Minister Narendra Modi travelled to China on Thursday May 14, for […]
The homeless population of Los Angeles County – already the second largest in the nation – grew by 12% over the last two years, amid hard times for low-wage workers and a sluggish economic recovery. The homeless population of the nation’s second largest metropolitan area rose to 44,300 people, about a 5,000 person increase from 2013, according to a report […]
HSBC chief economist Stephen King is already thinking about the next recession. In a note to clients Wednesday, he warns: “The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers.” Here’s King (emphasis added): Whereas previous recoveries have enabled monetary and fiscal […]
