New Research Shows Only Wealthy Recovering From Recession

Frederick Reese Since the 2008-2009 financial crash, the U.S. stock market has more than doubled in value. Since the Dow Jones Industrial Average (DJIA) bottomed out March 2009 at 6,547.05, it has risen to a near-record-breaking 14,075.37, as of Wednesday. For the wealthiest tier of society, the economy is in a boom cycle, with personal and […]

Frederick Reese
By Frederick Reese

Frederick ReeseSince the 2008-2009 financial crash, the U.S. stock market has more than doubled in value. Since the Dow Jones Industrial Average (DJIA) bottomed out March 2009 at 6,547.05, it has risen to a near-record-breaking 14,075.37, as of Wednesday. For the wealthiest tier of society, the economy is in a boom cycle, with personal and

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SimCity Company Beats Out Bank of America For Worst Company Title?

Trisha Marczak A recent consumer poll reveals what bothers Americans most — and it has nothing to do with a corrupt banking industry that has cost taxpayers billions of dollars. Instead, it seems consumers are more focused on the company responsible for the flawed release of the video game, Sim City. Bank of America has […]

Trisha Marczak
By Trisha Marczak

Trisha MarczakA recent consumer poll reveals what bothers Americans most — and it has nothing to do with a corrupt banking industry that has cost taxpayers billions of dollars. Instead, it seems consumers are more focused on the company responsible for the flawed release of the video game, Sim City. Bank of America has notoriously been dubbed

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America’s Retirement Crisis

Decades of class war leave most Americans nearing retirement woefully unprepared. Since the mid-1970s, real wages haven’t kept pace with inflation. Benefits steadily eroded. High-paying jobs disappeared. Improved technology forces wage earners to work harder for less. So-called “free” markets work only for those who control them. A handful of winners benefit at the expense […]

Stephen Lendman
By Stephen Lendman

Decades of class war leave most Americans nearing retirement woefully unprepared. Since the mid-1970s, real wages haven't kept pace with inflation. Benefits steadily eroded. High-paying jobs disappeared. Improved technology forces wage earners to work harder for less. So-called "free" markets work only for those who control them. A handful of

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In A Rising Economy, Politicians Look For Credit

Increased hiring, lower unemployment, stock market on the rise. Who gets the credit? It’s a hotly debated point in Washington, where political scorekeeping amounts to who gets blame and who gets praise. Following Friday’s strong jobs report — 236,000 new jobs and unemployment dropping to a four-year low of 7.7 percent — partisans hurriedly staked […]

Associated Press
By Associated Press

Increased hiring, lower unemployment, stock market on the rise. Who gets the credit? It's a hotly debated point in Washington, where political scorekeeping amounts to who gets blame and who gets praise. Following Friday's strong jobs report — 236,000 new jobs and unemployment dropping to a four-year low of 7.7 percent — partisans hurriedly

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Over The Fiscal Cliff: Soft Or Hard Landing?

Efforts to save the nation from going over a year-end “fiscal cliff” were in disarray as lawmakers fled the Capitol for their Christmas break. “God only knows” how a deal can be reached now, House Speaker John Boehner declared. President Barack Obama, on his way out of town himself, insisted a bargain could still be […]

Associated Press
By Associated Press
House Minority Whip Rep. Steny Hoyer of Md., pauses during a news conference on Capitol Hill in Washington, Thursday, Dec. 27, 2012, where he urged House Republicans to end the pro forma session and call the House back into legislative session to negotiate a solution to the fiscal cliff. (AP Photo/ Evan Vucci)

Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John Boehner declared. President Barack Obama, on his way out of town himself, insisted a bargain could still be struck before Dec. 31. "Call

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Over The Fiscal Cliff: Soft Landing Or Dizzy Dive?

Efforts to save the nation from going over a year-end “fiscal cliff” were in disarray as lawmakers fled the Capitol for their Christmas break. “God only knows” how a deal can be reached now, House Speaker John Boehner declared. President Barack Obama, on his way out of town himself, insisted a bargain could still be […]

Associated Press
By Associated Press
Speaker John Boehner of Ohio, center, departs, with reporters nearby after a House Republicans meeting on Capitol Hill, Thursday, Dec. 20, 2012 in Washington. (AP Photo/Alex Brandon)

Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John Boehner declared. President Barack Obama, on his way out of town himself, insisted a bargain could still be struck before Dec. 31. "Call

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