April M. Short – Why Now Is the Worst Time in American History to Be a Renter

If you’re having trouble keeping up with rent, you’re not alone. Renting in the U.S. has never been as expensive as it is right now. According to a new report [3] by the online real estate database Zillow, rents have never taken up this much of the American paycheck. Mortgage prices have remained relatively stable over the last several years, …

Rory Hall – Something Is Broken In The Gold And Silver Markets

Earlier today I was speaking with Dave Kranzler and we fell into a discussion regarding the current state of gold and silver. This is how I described everything to Dave as we talked: Beginning in December, as Dave pointed out in Is The Global Financial System On The Brink Of Collapse?, something happened in the derivatives market and I believe …

At Wall Street Journal, Government-Enforced Monopolies = ‘Free Market’ By Dean Baker

Those folks at the Wall Street Journal are really turning reality on its head. Today it ran a column by Robert Ingram, a former CEO of Glaxo Wellcome, complaining about efforts to pass “transparency” legislation in Massachusetts, New York and a number of other states. This legislation would require drug companies to report their profits on certain expensive drugs, as well as government funding …

Donald Trump Is Fox News Incarnate. Why Republicans can’t disown their presidential frontrunner By Elspeth Reeve

Several media companies are struggling with how to deal with Donald Trump. He can’t be ignored on ideological grounds—many actual elected Republicans have said far worse things about undocumented immigrants. He can’t be ignored because of paperwork, because for once he filed with the Federal Elections Commission. So now some news outlets, from The Huffington Post to The Wall Street …

China’s Millionaires Are Leaving China

The jury may be out permanently on the old question of if money can buy happiness, but that hasn’t stopped wealthy Chinese families from trying. There is a growing trend among China’s richest to use their wealth to move themselves and their families abroad. This is done primarily in the form of investment visas. On the flip side, a number …

We Are All Greeks Now By Chris Hedges

The poor and the working class in the United States know what it is to be Greek. They know underemployment and unemployment. They know life without a pension. They know existence on a few dollars a day. They know gas and electricity being turned off because of unpaid bills. They know the crippling weight of debt. They know being sick …

OECD report documents growth of financial parasitism By Nick Beams

A report issued by the Organisation for Economic Cooperation and Development (OECD) last Wednesday is confirmation that the financial crisis of 2008 was not a temporary downturn in the world economy, but arose from fundamental contradictions at the very heart of the global capitalist system. Seven years on, those contradictions are deepening. They have been exacerbated by the policy pursued …

Why Jamie Dimon Is One of the Biggest Economic Polluters in America By Lynn Stuart Parramore

Ed Kane, a professor of finance at Boston College and grantee at the Institute for New Economic Thinking [3], studies the dangerous risk-taking of giant banks. He sees the cultures of Wall Street and regulators coming together to turn taxpayers into victims of theft and great harm. Like extreme drunk drivers before MADD or smokers on airplanes prior to the 1980s ban, …

The Hidden Toxins In Your Clothing By Dr. Edward F. Group III

Popular clothing stores, like H&M, Levi’s, and Gap, are beginning to turn their attention toward producing healthier and more environmentally-friendly clothing. [1] Increased consumer awareness around the dangers of synthetic dyes, polychlorinated biphenyls (PCBs), and phthalates in conventional clothing is fueling a drastic revolution in the fashion industry. Keeping in line with current trends, clothing retailers are finally attempting to appeal to health-conscious buyers …

Ignoring Reality, Subverting Morality: GMOs and the Neoliberal Apologists By Colin Todhunter

Monsanto is often called one of the most ‘evil’ companies on the planet. It has a history of knowingly contaminating the environment and food with various poisons, cover ups and criminality (see this, outlining the company’s appalling history). In recent times, there has been much focus on its promotion and patenting of GMOs, the deleterious impacts of its glyphosate-based herbicide Roundup and how …