(2022-12-03). Pentagon to Spend $200 Billion on New Nuclear Bomber as Millions Live in Poverty. truthout.org Peace and economic justice advocates responded to the imminent unveiling Friday of the United States Air Force's new $750 million-per-plane nuclear bomber by reiterating accusations of misplaced priorities in a nation where tens of millions of people live in poverty and lack adequate healthcare coverage. Military-industrial complex giant Northrop Grumman is set to introduce its B-21 Raider on… |
(2022-12-03). With No Child Tax Credit, Families Are Slipping Back Into Poverty Amid Inflation. truthout.org Originally published by The 19th A year ago, the expanded child tax credit ended. Between 2020 and 2021, the credit — which gave monthly payments of up to $300 per child — helped reduce child poverty by more than 40 percent. More than 36 million families received the credit in 2021, and the money helped push the child poverty rate below that of adults for the first time. But since the program… |
(2022-12-03). Evangelical Lobbying Threatens Supreme Court's Independence. popularresistance.org 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 evangelical nonprofit Faith and Action executed "Operation Higher Court." It was an organized and systematic campaign "to wine, dine and entertain conservative Supreme Court justices while pushing conservative positions" on social issues pending before the court, *Politico* reports. | Faith…
(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). 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.