Economic conditions and income inequality in the United States have been a heavily debated topic over the past several decades, especially since the post-recession economy has further made the most wealthy in the U.S. more wealthy, and has drastically decimated the wealth of the middle class and the poor. Perhaps no other population has been affected more than the elderly, who have seen significant increases in financial inequality.… [Read more]
One of the problems with economics is that economists use complex words like “coefficient,” making a term like “Gini coefficient” unpopular before people even know what it means. If the term referred to some abstract number that people use to explain recessions it probably wouldn’t be worth explaining. This number, however, has been connected to fetal mortality and the likelihood that crazies will go shooting up our preschools, so it’s worth a little more than a dismissive glance.… [Read more]
Fast Food Forward, the group that organised protests in New York City, stated “No one can survive on $7.25 (per hour).” They’re correct — especially when one takes the cost of living in a large metropolitan area into consideration.
Across the country a couple of weeks ago, protesters gathered outside a host of fast-food restaurants to take part in a one day strike that called for higher wages for fast food workers.… [Read more]
America is celebrating the 237th anniversary of its Declaration of Independence from England. There will be cook outs and parties all across the land. Thousands upon thousands of firecrackers, bottle rockets and other noise making fireworks will be exploded to the sheer delight of young and old alike. Hamburgers, hot dogs and other local foods will be consumed as the nation comes together in a state of unity.… [Read more]
Today’s “Say It In Song” post is an oldie but goodie from The Temptations.
“…Just a Ball of Confusion Oh yeah, that’s what the world is today…”
With uprisings, voter suppression efforts, the threat of war, racial and ethnic tensions, and a widening wealth gap between the haves and have-nots it seems “ball of confusion” is an accurate description.… [Read more]
On May 9, 2012 President Barack Obama, in an interview with Robin Roberts of ABC News, became the first president in U.S. history to publicly support marriage equality, stating that “for me personally –- it is important…to go ahead and affirm that I think same-sex couples should be able to get married.” President Obama’s announcement came on the heels of Vice President Joe Biden’s interview on Meet the Press three days earlier, where the Vice President said he was “absolutely comfortable” with gay marriage.… [Read more]
Tracy Chapman said/sang it best:
“Poor people gonna rise up, and get their share…
Poor people gonna rise up, and take what’s theirs.”
I can’t think of a song that is more appropriate to express the frustration felt by the 99%!
Talking ‘Bout A Revolution, single from the album called Tracy Chapman, released in 1988.… [Read more]