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What Housing Recovery? Real Home Prices Still 16% Below 2007 Peak

What Housing Recovery? Real Home Prices Still 16% Below 2007 Peak

Since the financial crisis, home equity has gone from being America’s biggest driver of (illusory) wealth to one of the biggest sources of economic inequality.

And while the post-crisis recovery has returned the national home price index to its highs from early 2007, most of this rise was generated by a handful of urban markets like New York City and San Francisco, leaving most Americans behind.

Special Prosecutor Mueller Is a Political Hack

The New York Times characterizes special prosecutor Robert Mueller as being independent and fair:

Robert S. Mueller III managed in a dozen years as F.B.I. director to stay above the partisan fray, carefully cultivating a rare reputation for independence and fairness.

Let’s fact-check the Times …

Anthrax Frame-Up

Mueller presided over the incredibly flawed anthrax investigation.

Beware The Collapsing Social Contract

Beware The Collapsing Social Contract

Authored by Gaius Publius via Down With Tyranny blog,

"[T]he super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the poorest five deciles of the world population own about $410 billion in total wealth. As of June 8, 2017, the world's richest five men owned over $400 billion in wealth. Thus, on average, each man owns nearly as much as 750 million people."     —Paul Buchheit, Alternet

 

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