(2022-12-02). Tax the Rich? We Did That Once. inequality.org
(2022-12-02). Railway Vote Benefits One of the Least Deserving Industries. inequality.org
(2022-12-02). The Secret Reason the US Is Still in Syria. mintpressnews.com It's tough to overstate how bad things are in Syria. According to the UN, "90 percent of all Syrians today are forced to live below the poverty line with around 12 million grappling with severe food insecurity."
(2022-12-02). Unemployment Steady at 3.7 Percent as Economy Adds 263,000 Jobs in November. truthout.org The economy added 263,000 jobs in November, again coming in ahead of expectations. Perhaps more importantly, wages continue to grow at a rapid pace, as the October average hourly wage was revised up by 6 cents. The annual rate of wage growth over the last three months was 5.1 percent, the same as the rate over the last year. The rapid pace of wage growth paints a very different picture than we… |
(2022-12-02). Economy Adds 263,000 Jobs in November, Unemployment Steady at 3.7 Percent. cepr.net Wages grew at a 5.1 percent annual rate over the last three months. | The economy added 263,000 jobs in November, again coming in ahead of expectations. Perhaps more importantly, wages continue to grow at a rapid pace, as the October average hourly wage was revised up by 6 cents. The annual rate of wage growth over the last three months was 5.1 percent, the same as the rate over the last year. | Wage Growth is Still Rapid | The rapid pace of wage growth paints a very different picture than we were looking at in October, where the annualized rate was just 3.9 percent. Since we should expect some shift back to wage…
(2022-12-02). US youth observe Cuba's elections and learn about real democracy. multipolarista.com 
A delegation of youth from the United States observed Cuba's November 2022 municipal elections and offer an inside look into a true people's democracy, where workers decide who will govern them, not wealthy oligarchs and corporations.
(2022-12-02). Richard Wolff: The Fed's response to inflation is another upward transfer of wealth. therealnews.com 
The Federal Reserve has responded to runaway inflation by hiking up interest rates at the same time that Americans are drowning in historic levels of personal debt. With interest rates up, prices will only rise faster than wages, hitting the vast majority of people with stagnant or declining wages in real terms. The result is yet another upward transfer of wealth to the minority of capitalists responsible for the crisis in the first place. Economist Richard Wolff joins The Chris Hedges Report to discuss the origins of the inflation crisis, the Fed's response, and what this all means for working people. | <...
(2022-12-02). Evangelical Lobbying Threatens Supreme Court's Independence. scheerpost.com 
By Marjorie Cohn / Truthout Recent exposés have uncovered an emerging pattern of improper lobbying of right-wing Supreme Court justices by wealthy evangelicals. They reveal serious threats to the independence of the judiciary. But equally alarming is that the Supreme Court is unconstrained by a code of judicial ethics. From 1995 to 2018, the right-wing …
(2022-12-02). 2022 global art market benefits from an "explosion of wealth" at the top. wsws.org The "robust" character of the art market mirrors the stratospheric rise in the wealth of the world's richest people over the same period.
(2022-12-01). Populist climate action requires thinking about freedom from specific oppressors—not just species survival. nationofchange.org The climate crisis is a form of oppression by a wealthy few.
(2022-11-30). Forecasts suggest 2023 may be good for China GDP and local equities. ecns.cn China's economy is expected to rebound next year and sustain the rally in Chinese equities, though market volatility could remain elevated, prominent investment banks and wealth managers said on Wednesday.