The Obama administration is reportedly poised to upgrade the ranking it gives Malaysia on its efforts to stamp out human trafficking. The move is being criticized as an affront to global human rights that could help move forward a pending controversial trade deal. The State Department gives the ranking in its annual Trafficking in Persons (TIP) Report, a tool the …
US home ownership rate hits lowest level in two decades 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 rate, household incomes have fallen, wages have stagnated …
It’s the Planet Stupid!: Capitalism and The Destruction of the Commons – John Atcheson
There is a war going on right now between those who are working to protect the commons and the hard-core capitalists, who are working to privatize our economy, culture, ecology, environment and government. The stakes are high. The outcome will determine whether we live in a dystopian chaos, or a civil society; whether we preserve our natural life support system, …
Most of the world’s workers have insecure jobs, ILO report reveals – Katie Allen
A global shift to more insecure jobs since the financial crisis is fuelling growing inequality and higher rates of poverty, according to a new report that estimates only a quarter of the world’s workers are on permanent contracts. The International Labour Organization (ILO) said the remaining three quarters are employed on temporary or short-term contracts, working informally often without any contract, are …
Agribusiness and the The Four Horsemen Of The Apocalypse. The Globalized System of War, Poverty and Food Insecurity – Colin Todhunter
US citizens constitute 5 percent of the world’s population but consume 24 percent of global energy. On average, one person in the US consumes as much energy as two Japanese, six Mexicans, 13 Chinese, 31 Indians, 128 Bangladeshis, 307 Tanzanians and 370 Ethiopians. The US is able to consume at such a level because the dollar serves as the world reserve currency. …
The Federal Reserve Board’s Plan to Kill Jobs
There is an enormous amount of political debate over various pieces of legislation that are supposed to be massive job killers. For example, Republicans lambasted President Obama’s increase in taxes on the wealthy back in 2013 as a job killer. They endlessly have condemned the Affordable Care Act as a jobs killer. The same is true of proposals to raise …
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