Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis […]
The Trump administration wants to redefine the poverty level, which would kick hundreds of thousands with marginal incomes off welfare, while simultaneously reducing poverty rates in America.
KOMO’s Eric Johnson explores the impact the drug and homelessness problem is having on the city and possible solutions in this documentary titled, “Seattle is Dying.” “Let me ask you something. What if Seattle is dying and we don’t even know it?” Johnson asks in the introduction. “This story is about a wave of seething […]
The gap between the super-rich and the rest of the world has never been wider, with 26 people now owning the same amount of wealth as 3.8 billion of the less privileged, global charity Oxfam said in a new report.
The US economy is booming – but fewer and fewer are reaping the benefits. The Keiser Report crunched the numbers behind America’s dwindling middle class, and warned that the country’s young are in for a rough, debt-ridden future.
Economic experts from major international financials, academic circles, and government agencies say the US is facing mounting risks of a recession due to elevated uncertainty in international trade, a possible slowdown in domestic investment, and rising costs of doing business.
It is an epic paradox that President Donald Trump, like previous US presidents, boasts of America’s military supremacy and its vital role as defender of the nation. The Trump administration in its first year in office boosted the annual military budget to $700 billion, up from an already gargantuan average figure of some $600 billion a year.
A report by the UK House of Commons library has warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the coming decade unless action is taken to restore balance. According to the report, seen by The Guardian, if trends seen since the 2008 financial crash were to […]
Thousands of people in one of America’s richest cities live on sidewalks infested with flesh-eating bacteria and tuberculosis. A Redfish Media report looks at the chronic homelessness crisis in Los Angeles. Homelessness in Los Angeles has increased 43 percent in just four years.
The Wall Street Journal is accused by its employees of attempting to suppress its own story after a senior editor allegedly tried to bury a deep dive into the 2008 global financial crisis and its aftermath. The Wall Street Journal (WSJ) published on Tuesday a graphics-heavy in-depth study on the aftermath of the world-shaking 2008 financial crisis, particularly […]
A bitterly-fought political campaign to address the rapidly-growing homeless population in a wealthy southern California county points to the yawning inequality gap in the US. A wide-ranging plan in southern California’s Orange County that was intended to relocate hundreds of homeless — including children, women and the elderly who had been forcefully kicked out of […]
Some 42 percent of elderly US citizens have less than $10,000 put aside for their golden years, according to the report by a personal finance resource GoBankingRates, which polled over 1,000 adults last month. The survey, carried out for the third consecutive year, suggests that a lack of planning and savings, along with a longer […]
Those colorfully-dressed workers making sure your US short-haul domestic flight is properly packed, safely inspected and flight-ready are not paid enough, frequently requiring social services to live. Although employer American Airlines posted a shareholder-pleasing $1.9 billion profit in 2017, many of its workers are scrambling at the poverty line, selling their blood and receiving food stamps to keep their […]
May you live in interesting times, goes the Chinese proverb. Few can doubt that we are indeed living in such an interesting time. Big changes are afoot in the world, it seems. None more so than the collapsing of the American Empire. The US is going through an historic “correction” in the same way that the Soviet Union did […]
It is an age-old statecraft technique to seek unity within a state by depicting an external enemy or threat. Russia is the bête noire again, as it was during the Cold War as part of the Soviet Union. But the truth is Western states are challenged by internal problems. Ironically, by denying their own internal democratic […]