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Former Brazilian Minister: “PT stole too much”

Former Brazilian Minister of Labor, Carlos Lupi, said that one of the reasons for the political crisis in Brazil is that the ruling Workers Party (PT) “stole too much”. Lupi, who now chairs the Democratic Labor Party (PDT), which integrates the coalition government, was Minister of Labour during the last two years of the Lula da Silva administration. The current president, Dilma Rousseff, ratified Lupi’s position in 2011, when ...Read full article...

Corruption and Poverty govern over Latin America

Corruption is the great plague that invades many countries in Latin America and the world. It will be perceived more and more as the threat of economic crisis looms, which will cause even greater rejection of corrupt practices. Social and economic developments in Latin America over the past decade have failed to circumvent a harsh reality: 40% of the population is in vulnerable conditions. That is, the risk of ...Read full article...

Global Governors have purposely failed to curb poverty and inequality

Poverty, hunger and instability are not consequences of a polarized world, but the result of policies implemented by industrialists and bankers to force the poor to live in misery. Eradicating poverty and misery is cheaper than maintaining it. This reality is well-known by those in power. Yet, year in and year out, the ‘governors’ of the international financial syndicate refuse to put an end to endemic poverty worldwide, even ...Read full article...

Richest 1% will grab more than half of world’s wealth by 2016

Tax evasion by corporations and wealthy individuals to invest in universal and free public services is one of the ways in which the richest 1% will increase its share. As we had announced in 2013, the wealth accumulated by the most powerful and influential 1% population will exceed that of the remaining 99% next year, if current trends of rising inequality continue as they are. Every year, the richest multiply their ...Read full article...

America is Truly a Country Run for the Few

The Bureau of Labor Statistics headline this morning reads:  “Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%.” How can this be?  US corporations are investing in buying back their own stocks, not in new business ventures that produce new jobs. According to the Census Bureau’s Poverty Report, US real median family income has declined to the level of twenty years ago.    Consumer credit and ...Read full article...

Economic Recovery in America? US Poverty Report Contradicts GDP Claims

2013 Real Median Household Declined to 1994 Level It is amazing how the government manages to continue selling Brooklyn Bridges to a gullible public. Americans buy wars they don’t need and economic recoveries that do not exist. The best investment in America is a highly leveraged fund that invests only in large cap companies that are buying back their own stocks. Many of the firms repurchasing their stocks are ...Read full article...

IMF Lowers Expectations of American Economic Growth

Still under the impact of a harsh winter, the International Monetary Fund (IMF) estimates that the U.S. economy will grow no more than 2% over 2014. The organization’s previous estimate was 2.7%. This latest report, released Monday, even downgrades forecasts for the Federal Reserve, and highlights structural weaknesses in the largest economy in the world due to a weak labor market, the impact of poverty, fiscal policy and poor ...Read full article...

Global Famine

Humanity is undergoing in the post-Cold War era an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the World population. National economies are collapsing, unemployment is rampant. Local level famines have erupted in Sub-Saharan Africa, South Asia and parts of Latin America. This “globalization of poverty” –which has largely reversed the achievements of post-war decolonization– was initiated in the Third World ...Read full article...

There is no ‘legitimate redistribution’ of wealth

Who is it that calls for social justice, equality and legitimate redistribution of wealth while living in luxury and opulence? As the world attempts to stay in balance during the harshest economic times since the 1929 Great Depression, there are those who believe that wealth redistribution is a good way to end social injustice or to give to those deemed worthy whatever they supposedly deserve. For the past 100 ...Read full article...

America’s Hidden Hunger Crisis

Imagine tens of millions hungry in the world’s richest country. Imagine bipartisan complicity ignoring a growing crisis. Imagine uncaring policymakers. Imagine them cutting vital programs able to help when sizable increases are needed. Imagine serving monied interests at the expense of popular ones. Imagine enriching themselves in the process. Outnumber Hunger (OH) is a nationwide campaign. It enlists people in the growing fight against hunger. It works cooperatively with ...Read full article...

Inequality Grows in Large American Cities

As it often happens, lack of better living conditions in less urbanized areas results in massive migration to large cities, where most newcomers become victims of urban inequality. The growing income inequality in America has its greatest reflection in large cities, where the pressing income gap between rich and poor becomes more palpable and real. Inequality is such a deep problem that even Barack Obama labeled it as “the greatest challenge of our time”. The ...Read full article...

South Africans Protest for lack of Basic Services

The poorest in South Africa are vociferously protesting the lack or inadequacy of basic services such as clean water or electricity. More and more former black ghettos of the apartheid era and slums are being added to the list of places where people do not enjoy the minimum conditions. Residents have taken to the streets to demand a modicum of dignity after 20 years of so-called democracy. The civil ...Read full article...

Obama’s phony campaign against inequality

By Andre Damon WSW January 10, 2014 President Obama, announcing his so-called “economic promise zone” initiative in a White House speech on Thursday, gave a performance that expressed the cynical and contemptuous attitude of his administration and the entire ruling class to the plight of working people in America. The event was staged as part of the administration’s supposed campaign against inequality, whose entire substance, besides the “promise zones,” ...Read full article...

The Case of the Missing Economic Recovery

Have you seen the economic recovery?  I haven’t either.  But it is bound to be around here somewhere, because the National Bureau of Economic Research spotted it in June 2009, four and one-half years ago. It is a shy and reclusive recovery, like the “New Economy” and all those promised new economy jobs.  I haven’t seen them either, but we know they are here, somewhere, because the economists said ...Read full article...

Hunger in America

It’s hard giving thanks when you’re hungry. It’s harder living in the world’s richest country. It’s harder still knowing government officials don’t care. It’s hardest of all wondering how you’ll get by. More below on growing hunger and deprivation. It’s increasing in America at a time trillions of dollars go for warmaking, corporate handouts, and other benefits for rich elites. Giving thanks predated the republic. In 1621, Plymouth Pilgrims ...Read full article...
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