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The slowdown in Latin America threatens the rise of the Middle Class

Most of Latin Americans who have entered the middle class in the last decade remain vulnerable. According to the United Nations Program for Development (UNDP), although 56 million Latin Americans have moved out of poverty between 2000 and 2012, about 200 million, a third of the total population, could again be poor in case of a major economic crisis. The UN, which provided the data in August, has now ...Read full article...

Brazilians rapidly reaching worrisome indebtedness level

The Brazilian Household debt has reached a record in March since the Central Bank began measuring this index, says a report from the bank. In the first quarter of this year the debt reached 43.99%, which means that families owe financial institutions almost half of what they earn each year. In 2009, this rate was 18.39% and since then it has not stopped growing. Over 60% of families began ...Read full article...

Obama’s plan to improve the economy calls for more taxes and cuts in social programs

The U.S. president, Barack Obama, plans to present his budget proposal Wednesday for fiscal year 2014, a plan that includes spending cuts in social programs in an attempt to win the support of Republicans and more taxes on households millions of middle class families. With Obama’s plan for fiscal year 2014, which runs from October 2013 to September 2104 – the White House seeks to achieve a deficit reduction ...Read full article...

America’s 99 percent to be hit with 50% increase in taxes

By KEITH FITZ-GERALD | ETF | DECEMBER 11, 2012 If I didn’t know any better, I’d think there’s a small but growing group of people in Washington who think it would actually be good if we temporarily went over the fiscal cliff. I say that because I am seeing a smattering of articles recently suggesting that somehow going over the cliff “won’t be all that bad” or that we’re “really ...Read full article...

75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year

By JIM HOFT | WSJ | JULY 1, 2012 Take Your Medicine, America… Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends this morning that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year. “It’s a big punch in the stomach to middle class families.” Read full article...

Who Destroyed the Middle Class? An Amoral Financial Oligarchy

BURNING PLATFORM | JUNE 20, 2012 “Over the last thirty years, the United States has been taken over by an amoral financial oligarchy, and the American dream of opportunity, education, and upward mobility is now largely confined to the top few percent of the population. Federal policy is increasingly dictated by the wealthy, by the financial sector, and by powerful (though sometimes badly mismanaged) industries such as telecommunications, health care, ...Read full article...

No More ‘Miraculous’ Obama

The Holy President highlights his petty list of achievement that is way short than the one he filled with empty promises four years ago. The American dream has gone from owning a home to renting By Erica Werner Associated Press February 21, 2012 This time around, President Barack Obama’s message can sound decidedly down-to-earth. Four years after winning the White House, Obama is dealing with a different economic and ...Read full article...

9-9-9: The Devil is in the Details

By Steven Thomma McClatchy Newspapers October 12, 2011 WASHINGTON — Republican presidential candidate Herman Cain’s proposed 9-9-9 tax plan would shift the tax burden in the United States, raising taxes on the poor while cutting taxes for the wealthy. Cain proposes to scrap the current tax code and replace it with a flat 9 percent tax on personal income, a second 9 percent tax on corporate income, and a ...Read full article...

America’s Disappearing Black Middle Class

AP July 10, 2011 Millions of Americans endured financial calamities in the recession. But for many in the black community, job loss has knocked them out of the middle class and back into poverty. And some experts warn of a historic reversal of hard-won economic gains that took black people decades to achieve. “History is going to say the black middle class was decimated” over the past few years, ...Read full article...