Not only is China facing a significant risk of an economic hard landing, but, as we have noted on many occasions, the country is also facing what perhaps may be an even greater risk: social unrest.
Submitted by Mac Slavo via SHTFPlan.com,
Who exactly is the burdensome, broken and disturbingly unsensible welfare system being run for?
A new study found that both illegal and legal immigrants, who typically work low wage jobs, receive more in government assistance each year than struggling American families do.
via the Washington Examiner:
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Submitted by Michael Shedlock via MishTalk.com,
Not satisfied with economic distortions resulting from the redefinition of full-time employment to 30 hours for Obamacare purposes but 32 hours for every other purpose, President Obama is back at it.
Today, by executive order, Obama doubled the threshold for overtime pay to $47,476 a year.
The Labor Department estimates the ruling will affect 4.2 million workers.
Please consider Obama Administration Extends Overtime Pay to Millions.
Twenty percent of pensioners over the age of 75 are living below the poverty line, according to a new report published by a charity group for the elderly. Research by Independent Age found that nearly a million older pensioners who lived through the Second World War were much more likely to live in persistent poverty than younger ‘baby boomer’ pensioners. The report suggests the income of those aged over 75 is, on average, £3,000 a year less than younger pensioners. RT reports: The report revealed some 950,000 older pensioners are living in poverty.