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| Taking a Closer Look at the Stories Ignored by the Corporate Media |
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Archive for the Month of July, 2005.
Viewing Economics NEWS articles 1 through 22 of 22.
- The chances of having a large income but not paying taxes on any of it are growing, according to the data, issued in the Internal Revenue Service's annual report to Congress on well-to-do Americans who live tax free. About one in every 436 high-income Americans paid no taxes in 2002, up from one in 531 in 2001 and one in 1,010 in 2000.
- Worst-ever crisis looms, says analyst · Surging demand to keep prices high
- To anyone who has slogged through a wage-slave job or had a domineering boss, a collectively run cooperative sounds like a workers' paradise. It has no hierarchy and no supervisors because everyone is an owner. Everyone makes the same amount of money and everyone is responsible for making the business work. Everyone does all the jobs. No one gets summarily fired. Decisions are made by consensus. At the end of the year, some money goes to charity and some is invested back into the business. The rest of the profits, instead of enriching one or two individuals, are returned to all the worker-owners -- a rising tide lifting many boats
- Food is energy. And it takes energy to get food. These two facts, taken together, have always established the biological limits to the human population and always will
- The US and Britain are putting the multinational corporations that created poverty in charge of its relief
- Bush and his special interest allies trust politicians to make a one-size-fits-all decision about all cases, regardless of the facts. They don't trust juries made up of people like you, your friends and your neighbors to decide based on the facts and evidence in each individual case.
- The only hope for meeting growing world demand for oil is to tap Saudi Arabia's reserves. A Bush advisor on energy says those reserves don't exist.
- These findings come as the Senate is poised to vote this month on repeal of the estate tax
- The Bush Cheney Regime, as well as Fed Chairman Alan Greenspan, are deliberately doing nothing about the speculative real estate market bubble in the United States, writes economic analyst Al Martin. Why? So that the "stupid money, being sucked in, will finance the exit of smart Republican money."
- "Many of the overheated real estate markets throughout the country have become unaffordable for the majority of the population," said Jack McCabe, a housing industry analyst in Deerfield Beach. "Many people are paying well over 50 percent of their income for shelter. It leaves no money for savings or sometimes even for recreation."
- Pay attention, damnit: More than 6,000 Americans are killed on the job every year. More than three million are injured, at least half of them seriously. Another 60,000 die from cancer, lung and heart ailments and other diseases caused by exposure to toxic substances on the job. - Selina, her husband, and four children are among the 1.2 billion people in the world living on less than a dollar a day -- what the United Nations calls 'extreme poverty.' - What Kind of Country Destroys the Job Market for Its Own Citizens?
- In a startling turn of events, a new commodity has surpassed jobs as the number one US export. Starting with Iraq, President Bush has dedicated himself to exporting economic injustice, which Americans possess in such abundance that it has become our top export. Here in America, we are living one of the biggest lies perpetrated in human history, and if our ruling plutocracy has its way, the rest of the world will one day enjoy the pleasant fiction that they live in a nation of justice and economic opportunity. Sadly, the notion of "of the people, by the people, and for the people" is in its final throes.
- The powers that be absolutely rely on our lethargy, our rampant doubts, the attitude that says that it's just too difficult or too impracticable to break away. After all, to quit a bland but stable job, to follow your own path implies breaking the rules and asking hard questions and dissing the status quo. And they absolutely cannot have that.
- The wars in Iraq and Afghanistan have already cost taxpayers $314 billion, and the Congressional Budget Office projects additional expenses of perhaps $450 billion over the next 10 years.
- As oil prices remain volatile the markets do their best to forecast future prices. Unfortunately this is not an easy task. While it may appear extraordinary to outsiders one of the main problems in the oil market is the reliability of basic statistics.
- Solidarity officially fell apart at the AFL-CIO Monday as the service employees and Teamsters unions -- two of the biggest in the federation -- pulled out of the national labor body, an expected move that could hit the bottom line of labor organizations here. - Immigrants are not swamping the U.S. health care system and use it far less than native-born Americans, according to a study released on Monday.
- Nearly 4 million children live with parents who had no jobs in the previous year, an increase of 1 million since the beginning of the decade, a national charity says. That's 5 percent of all 72.5 million children living in the United States.
- Shaky lending, interest-only loans, no down payments, a US government that is $8 trillion in debt due to Washington’s profligate spending, and a “ticking-time bomb” of adjustable-rate mortgages that will reset within three years -- the table is set for a disaster of Biblical proportions. If we hit a bump in the economic road ahead (rising gas prices? recession?) the “Land of the free” will be knee deep in bankruptcies and foreclosures. We’ll all be fighting for a soft spot under the freeway onramp.
- Washington has reportedly expressed ‘serious concerns’ over India’s plan to buy natural gas from Iran.
Pages for July, 2005
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