Robert Oak's blog

BIS Says Party Over for Quantitative Easing

The Bank for International Settlements has demanded Central Banks stop their quantitative easing in hopes of a global economic recovery.  All that has happened is a stock market love affair while the real economy languishes.  BIS has issued their annual report demanding nations deleverage, which is codespeak for austerity.

Prepaid and Payroll Cards Get a Lawsuit

Every day we have outrage after outrage against the U.S. worker and middle class.  There is so much economic injustice, it's hard to keep up.  Yet some stories are so outrageous you'll swear out loud and scare the dog.  Such is the story of McDonald's workers being paid by debit cards instead of checks, forced to do so.  An McDonald's ex-employee just sued over it:

Outrageous Economic Shorts - Labor Be Damned

Welcome to our round up of economic shorts.  These are the latest outrages that caught our eye which you might have missed.  Probably the biggest disaster happening today is the Senate pushing forward with a corporate written cheap labor immigration bill regardless of the negative impact this will have on jobs and the economy.

Friday Movie Night - Retirement Impending Disaster

Retirement is something most of us don't like to think about.  It is not due to aging and fear of death.  Instead, most of us are just scraping by, if that, and our retirement funds do not exist.  Out of sight, out of mind is a way to deal with the deathly fear of having absolutely no money to take care of ourselves with in old age.

The Great U.S. Worker Sell Out Through Comprehensive Immigration Reform

There is a war going on and it is against the U.S. worker.  Tech companies have formed lobbyist groups, phony think tanks and social media traps.  CEOs luncheon with the President of the United States, whispering their demands in the President's ear and he heartily obliges them  Tech companies even wrote legislation, which was promptly passed by the Senate Judiciary committee under the guise of Comprehensive Immigration Reform.

So Much for the Impending Economic Armageddon Federal Budget Deficit

Surprise, when tax revenues increase the deficit goes down.  Such was the news of a new CBO update on the federal budget deficit.

If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, CBO estimates, the smallest shortfall since 2008.

Employee Abuse Runs Rampant In America

Corporate culture, HR hound dogs who hunt the squeaky wheel, bullying, abuse and politics abound for working America today.  For those who still have a job, America has turned into a survivor game.  No longer are workers respected and treated as human beings.   Even those most educated and skilled are treated like pond scum

Student Financial Aid Goes To The Rich And The Poor Get Debt Instead

Did you know rich students get financial help from colleges while the poor ones get laden with debt instead?  Such is the conclusion of a new report, Demerit Aid, from the New America Foundation.  While Pell grants tallied $35 billion in 2012, universities are reducing their own financial aid based on income and instead, shifting those funds to the wealthy students.

The Great American Wealth Transfer to the Super Rich

The rich get richer and the rest of us get the economic shaft.  That is the theme of this so called economic recovery since 2009.  A new Pew Research report, A Rise in Wealth for the Wealthy; Declines for the Lower 93%, analyzes newly released Census data on wealth.  What they found is the rich got richer and the rest of us got poorer.  The great American wealth transfer continues.

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