Blogs

Forget QE, Send in the Helicopters!

After the Great Recession had officially began (but prior to the stock market crash of 2008/09) George W. Bush responded to the early signs of economic trouble with a "helicopter drop" in the form of lump sum tax rebates to wage earners to help stimulate the economy. They were provided for in the Economic Stimulus Act of 2008, with support from both the Democrats and the Republicans. The bill was signed into law on February 13, 2008.

The Great Walmart Worker Squeeze

Walmart is at it again, slashing benefits for their workers.  This time Walmart will deny health insurance to employees working less than 30 hours a week.  That's about 28,000 Walmart workers.  Walmart isn't alone in throwing part-time workers under the healthcare bus as Target, Home Depot, Walgreens and Trader Joe’s. have already denied healthcare coverage for their workers.

Big Pharma Ripoffs on Cancer Patients Makes 60 Minutes

How much would you pay for a year of life?  It seems Big Pharma has figured that number out and are charging over $100,000 a year for life saving Cancer drugs.  Yes, surprise, surprise, the more dire the disease, the more the great for profit pharmaceutical industry is charging for the cure.  In 2012 alone, of the 12 cancer drugs approved by the FDA, 11 cost over $100,000.

The Ugly Face of Shareholder Value Exposed By Inversions

Something strange is happening to familiar American companies:  Burger King has become Canadian, Pfizer seems to be trying to be British, and Walgreens has backed away from becoming Swiss only because of the outcry over their plan for a new nationality.  Seeing what our companies are willing to do to escape paying income tax, people are beginning to wonder about how American our American companies are.

 

Wall Street and Multinationals Get Theirs While America Suffers

While America still suffers with repressed wages, increasing poverty and a vanishing middle class, Wall Street and big Multinational Corporations are having a party.  Bonuses increased 15% and are back to their pre-financial crisis excesses  Corporations hording cash offshore increased 11.8% in 2013 to a whopping $1.95 trillion.

How to Create 5.8 Million Jobs Pronto - Stop Currency Manipulation

Want to know how to create up to 5.8 million jobs in three years?  End currency manipulation.  So says a new study released from the Economic Policy Institute.  If currency manipulation was stopped, the U.S. trade deficit would shrink by up to $500 billion in three years, annual GDP would increase up to $720 billion, the federal budget deficit would be reduced by $100 billion each year and 40% of the new jobs created would be in manufacturing.

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