Corporations Hoard Cash While Americans Go Without A Job

The amount of cash multinational corporations are stashing is at an all time high and economists are wondering why.  A recent Federal Reserve research paper examined some of the reasons.  A big one is multinationals pay no taxes on profits if they park them offshore.  A stash of cash is building and the miser pile is now a mountain.

The World's Top 1% has 50% of the Wealth

The wealth of the entire world is now divided in two, with almost half going to the richest one percent, and the other half to the remaining 99 percent.

In November 2013 the World Economic Forum released a 49-page report titled Outlook on the Global Agenda 2014. It says that, based on those surveyed, inequality is "impacting social stability within countries and threatening security on a global scale."

Fifty Years Later the War on Poverty Is Lost

Fifty years ago Lyndon B. Johnson declared War on Poverty.  Great strides were made.  Between 1964 and 1965 Medicaid and Medicare were enacted, food stamps made permanent, a flurry of work and volunteer grants were passed, and educational opportunities were made more egalitarian.  Unfortunately later administrations have been tearing apart Johnson's weapons against poverty one by one.

Outsourcing Pays Big to Private Companies While Americans Suffer

Remember how outsourcing was shoved down the throats of the American people by claiming it would save money and was more efficient?  Guess what, not only is costing more, the services now provided are dismal failures.  A new report, Out of Control describes the abysmal state and consequences of outsourcing public services.

Happy New Year From The Economic Populist!

Happy New Year from the Economic Populist!  Let's hope 2014 is better economically for most of us as 2013 was another real dog for most of America.  Wall Street was on fire and the investor class made out like bandits while real robust job growth still has not materialized.  2013 is the year the middle class was completely ignored.  Still broke, still jobless or working with low wages and eroding worker's rights, America's middle class was pummeled yet again.

Safeway Skewered for Throwing 6,000 Workers Under the Bus in Video Parody

Safeway closed a whopping 72 Dominick's grocery stores resulting in 6,000 jobs lost.  They acquired Dominck's grocery chain, engaged a hedge fund, hyped up the stock price and then promptly shuttered the Illinois neighborhood grocery.  The excuse is these Dominick's grocery stores serve low profit margin geographical locations.  In other words, Safeway doesn't want to offer grocery access to poor people.