Tag: economics

Wealth inequality in America ~ Disturbing graphic

Wealth inequality in America ~ Disturbing graphic

Wealth inequality in America ~ Very interesting video on the how perception of America’s distribution of wealth differs hugely from the reality. Exceedingly well done animated graphics tell a disturbing story of where wealth resides in America, and, as important, where it doesn’t.

Iceland’s response to the economic crisis ~ What can we learn

Iceland’s response to the economic crisis ~ What can we learn

The ascertain here is that during the housing/derivative/financial crisis, bailing out the banks was NOT the ONLY solution. It was merely the best solution for banks that by-and-large caused the crisis. The victims of the crisis, the home owners, did not benefit from the bank bailout. Their debt remained essentially the same.

Bank of America is raging hurricane of theft and fraud

Bank of America is raging hurricane of theft and fraud

Matt Taibbi of Rolling Stone magazine wrote a scathing piece for the OWS movement about widespread illegal practices committed by Bank of America, and how all of us, particularly the U.S. government, have been facilitators in B 0f A’s larceny. Taibbi is a very knowledgeable, ┬ásmart reporter on economic issues, and his piece stirred in …

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Richard Wilkinson ~ Economic inequality harms societies

Richard Wilkinson ~ Economic inequality harms societies

Using historical data, Richard Wilkinson illustrates how income disparities WITHIN a society are strongly correlated with poorer general health, shorter lifespans, increased violence, less upward mobility, and much, much more. Quite shocking. Economic inequality matters.