The GOP may concede the election

Be sure to check out the income charts near the bottom of the article.  While the average annual household income for the bottom 60% of households has remained at a steady $50,000, the income for the top 1% has skyrocketed from under $300,000 to well over $1,000,000…
The GOP is already pulling the financial plug on [...]

The Shadow (Gambling) Economy – Video

Naomi Klein Explains How Economic Timebomb Has Yet to Explode – Video

The Great Consumer Crash of 2009

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I hate to tell you, but the storm has reached your location and it is a Category 5 hurricane. The levees are leaking. Ignore it at your own peril. The 6,000 sq ft McMansion buying, BMW leasing, $5 Starbucks latte drinking, granite countertop upgrading, home equity borrowing days are coming to an end. [...]

79 Million Americans Struggle to Pay Medical Bills

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In 2007, 41 percent of working-age Americans — 72 million people — reported having medical bill problems or trouble paying off medical debts, up from 34 percent in 2005.

Wholesale inflation surged in July

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Wholesale inflation surged in July, leaving prices for the past year rising at the fastest pace in 27 years, according to government data released Tuesday.

California nightmare for the global economy?

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Will the California budget crisis tip the United States into recession? The California economy is certainly large enough to inflict such damage. It’s the seventh-largest economy in the world and home to close to 38 million Americans.

After the Housing Bill: Time to Address Foreclosures

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The bill allows lenders to bring failing mortgages to the Federal Housing Authority (FHA), which will guarantee a new mortgage at 85 percent of the current appraised value of the home. The Congressional Budget Office (CBO) estimates that lenders will bring 400,000 mortgages to [...]

The Do-It-Yourself Economy

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We are expected to interact with “labor-saving technology” without realizing that it’s labor-transferring technology. The job has not been “saved”; it’s been taken out of the paid sector, where employees have a nasty habit of expecting salaries, and put into the unpaid sector, where suckers ’r’ us.

Women turn to pole dancing due to rising gas & food prices, other expenses

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During these tough economic times, many people are struggling to make ends meet. The city’s housing market is in a slump, gas and food prices are rising, and some say it’s either sink or swim. Now, some women are going to great lengths to make some extra cash right in Baton Rouge.