Tuesday, September 13, 2011

Poverty hits 50-year high, U.S says - latimes.com: Census Bureau's grim statistics show recession's lingering effects, as young adults move back home and 1 million more Americans go without health insurance.

Wednesday, August 31, 2011

Thursday, August 25, 2011

Many seniors keep working-wsj
More than three in five U.S. workers in their 50s and 60s plan on working past 65 — and 47% of that group say they'll do so because they'll need the money or health benefits, according to a 2011 study from the nonprofit Transamerica Center for Retirement Studies.

Wednesday, August 24, 2011

Druckversion - Out of Control: The Destructive Power of the Financial Markets - SPIEGEL ONLINE - News - International
Speculators are betting against the euro, banks are taking incalculable risks and the markets are in turmoil. Three years after the Lehman Brothers bankruptcy, the financial industry has become a threat to the global economy again. Governments missed the chance to regulate the industry, and another crash is just a matter of time.
Home Prices Decline 5.9% in Second Quarter - Bloomberg

Thursday, August 18, 2011

Is the SEC Covering Up Wall Street Crimes? | Rolling Stone Politics: A whistle-blower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals.

Monday, August 15, 2011

Stefan Stern: Marx was right about change - Commentators, Opinion - The Independent

Stefan Stern: Marx was right about change - Commentators, Opinion - The Independent
...

Even now, most global financial institutions and political leaders are advocating wholly orthodox approaches to managing budget deficits and currency volatility, even as their efforts are revealed as being more or less futile, or worse. The truth is perhaps too scary for some to contemplate. Either that, or the temporary winners of the current system are simply filling their boots with as much as they can before the next, potentially even bigger crash.

Those who regard the recent actions of rioters in English cities as "criminality pure and simple" will not see any connection between Roubini's declaration that "Marx was right" and the decision to steal a 42-inch TV from a burning electricals store. But, for some, looting may have seemed a sensible (if illegal) response to the apparently continuous turmoil of the economy. If everything about your financial future seems at best uncertain and at worst desperate, why not carpe diem, or carpe television at any rate? Rational economic man (and woman) has finally been sighted, legging it down Tottenham High Street in a new pair of trainers.

...


Tuesday, June 21, 2011

Why IT Workers Should Unionize - Llewellyn Hinkes-Jones - Technology - The Atlantic

Why IT Workers Should Unionize - The Atlantic
There is power in a union for the information technology industry, one of The Atlantic's own developers argues, even though programmers often resist collective organizing.

Friday, June 17, 2011

Saudi Women Driving Cars with Relative Impunity - Global - The Atlantic Wire

Saudi Women Driving Cars with Relative Impunity - The Atlantic Wire

Guest Post: Corporate America Really Really Cares About Its Employees (Really) - A Distributed Rant | zero hedge

Corporate America Really Really Cares About Its Employees (Really) - A Distributed Rant | zero hedge: "In a recent blog post on the Harvard Business Review web site – and praise be to them for publishing it – Haque let rip on some of the absurdities of contemporary business and economic life. “Just ask yourself,” he wrote, “if you were to walk into any corporation, would you find faces brimming over with deep fulfillment and authentic delight – or stonily asking themselves, ‘If it wasn’t for the accursed paycheck, would I really imprison myself in this dungeon of the human soul?’”"

Thursday, June 09, 2011

UPDATE 1-US economy at tipping point,double-dip risk-Shiller | Reuters

US economy at tipping point,double-dip risk-Shiller | Reuters:
"'My gut feeling is we might see a continuation of the decline' in home prices, Shiller said earlier on Thursday at a Standard & Poor's housing summit. He added that a 10 percent to 25 percent slump in real home prices 'wouldn't surprise me at all,' though he cautioned that was not a forecast."

Tuesday, June 07, 2011

More Homeowners With Second Mortgages Are Underwater - WSJ.com

More Homeowners With Second Mortgages Are Underwater - WSJ.com: "Almost 40% of homeowners who took out second mortgages—extracting cash from their residences to cover everything from vacations to medical bills—are underwater on their loans"

Friday, May 20, 2011

A Defiant 'Spanish Revolution' - Alan Taylor - In Focus - The Atlantic

A Defiant 'Spanish Revolution' - The Atlantic
Ever since Sunday, May 15th, residents from many cities around Spain have been demonstrating against the country's ongoing financial crisis, its politicians, and its bankers. The spontaneous protests are the largest since the country plunged into recession in 2008, and they're made up mainly of young people who have set up camps in main squares across the country. Called "los indignados" (the indignant), the May 15 Movement, or simply 15-M, they are fueled by frustration with austerity measures, apparent indifference from politicians, and serious joblessness...

Fund My Mutual Fund: NYT: Nearly 50% of 2009 College Graduates are Either Jobless, or Working in Jobs That Don't Require a College Degree

Nearly 50% of 2009 College Graduates are Either Jobless, or Working in Jobs That Don't Require a College Degree

Thursday, March 17, 2011

"Jeffrey Sachs: "The American People Are Going to Reach a Breaking Point""

http://finance.yahoo.com/tech-ticker/article/536035/Jeffrey-Sachs%3A-%22The-American-People-Are-Going-to-Reach-a-Breaking-Point%22

 http://snipurl.com/27lgmv