This is the first of a two-part series on how the combined impact of the COVID virus and corporate giveaways on state unfunded pension liabilities and how it will only make a serious underfunding problem more critical and possibly insurmountable. This may mean that state
The cover story behind the multi-trillion-dollar COVID bailout is that it will benefit big businesses, the unemployed, and small businesses. But that is not the real story. This money will largely benefit hedge funds, private equity firms and global corporations, not average Americans or the unemployed. Sure, they will get
One of the lessons people are supposed to learn from yesterday’s Joe Biden’s primary victory in South Carolina is that his legacy is intertwined with that of Barack Obama. But there is a problem: Aside from being the nation’s first black president, Obama was never a progressive.
One indicator that the Democratic Party is very tepid about making the needed changes to the current broken political, economic, health care and judicial systems has now come directly from former President Barak Obama. In a Nov. 17, 2019 speech before wealthy donors in Washington DC, Obama
One of the key messages of the 2020 election is that capitalism is in trouble and is not working for millions of Americans. From the wealth gap to unchallenged monopolies to wage stagnation, it’s clear that the corporations have taken over the nation. This is what allowed the corrupt Trump
This evening’s second Democrat presidential debate will feature the two leading progressive candidates against other more conservative contenders on a range of policy issues. But the progressives–Bernie Sanders and Elizabeth Warren–have set the direction for the policies being addressed by the others, especially in the areas of
Here is why the U.S> political system became so corrupt, and how it got a corrupt businessman elected president of the U.S.
How bad is the wealth disparity in the U.S.? This chart should help explain it.
Political commentators and the financial media are breathless over the latest economic numbers showing the lowest jobless rate in 49 years, but there is a big problem: These are quarterly, short-term numbers, and they do not indicate the financial health of the average American. If they
JP Morgan CEO Jamie Dimon (salary: about $21 million annually) knows a lot about banking, but not much about how average people manage their finances, including a minimum wage teller who works for his bank. In this interesting video exchange, Dimon is dumbfounded when asked how