Authored by Michael Hudson, via NakedCapitalism.com,
Students usually don’t think of themselves as a class. They seem “pre-class,” because they have not yet entered the labor force. They can only hope to become part of the middle class after they graduate. And that means becoming a wage earner – what impolitely is called the working class.
Authored by Mac Slavo via SHTFplan.com,
Every year the Sydney Peace Foundation bestows their Global Peace Prize on extraordinary people who advocate for “true and lasting peace” by ending “war and violent conflict” through addressing “deep injustices and structural inequality.”
Previous years have seen such individuals as Noam Chomsky, Hans Blix and Archbishop Desmond Tutu receive the esteemed prize.
It used to be that low state income taxes and practically non-existent property taxes, at least compared the neighboring county of Westchester in New York, was more than enough to lure Manhattan's hedge fund billionaires out to Greenwich, CT. But, it seems that a festering pension crisis and resulting state income tax hikes in Connecticut has resulted in many of NYC's gazillionaires choosing a trophy 3,000 square foot apartment in "the city" over a 10,000 square foot Greenwich mega-mansion.
The Military/Security Complex Is Bankrupting America
Corrupt politicians and neoliberal economists tell the lie that America cannot afford Medicare and Social Security. How then can America afford the $1.1 trillion annual military/secrity budget?
http://news.antiwar.com/2017/05/30/us-eyes-1-1-trillion-national-security-budget-for-2018/
The post The Military/Security Complex Is Bankrupting America appeared first on PaulCraigRoberts.org.
The monetary problems plaguing the state of Illinois (not to mention its public pensions) have been widely documented here over the past few years, and today the rating agencies finally noticed, when in the span of a few hours, first S&P, then Moody's downgraded Illinois to BB+/Baa3, respectively, both just one notch above junk, the lowest rating ever given to a U.S. state, as both agencies cited a long-running political stalemate over a budget shows no signs of ending.