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Nobel Prize economist warns of U.S. stock market bubble
By Reuters An American who won this year’s Nobel Prize for economics believes sharp rises in equity and property prices could lead to a dangerous financial bubble and may end badly, he told a German magazine. Robert Shiller, who won … Continue reading
Are the Rich Getting Too Much of the Economic Pie?
Posted in Soul Brother Presents
Tagged business, Economic Inequality, economy, pie, poor, poverty, rich, video, wealthy bailouts
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Digital Inequality Holds Back Millions in U.S.
The Obama administration has poured billions of dollars into expanding the reach of the Internet, and nearly 98 percent of American homes now have access to some form of high-speed broadband. But tens of millions of people are still on … Continue reading
Getting A Loan Is Just As Easy For African-American Females As White Males, Study Shows
Black borrowers have faced higher hurdles to getting loans, even before the Great Recession’s infamous credit crunch. But one subsection of the community has managed to evade financial institutions’ discriminatory practices, a new study from the University of Iowa shows. … Continue reading
Posted in News from the Soul Brother
Tagged Black Women, economy, Great Recession, loans, money, Perception, United States, White Males
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Did You Know the Deficit Is Shrinking? Most Americans Don’t, Thanks to Shameless Deficit Hawk Propaganda
By Lynn Stuart Parramore Remember all those deficit hawks who screamed that the federal deficit is spiraling out of control and must be stopped with spending cuts that have a funny way of hurting the pocketbooks of the most vulnerable Americans? … Continue reading
Higher wages won’t increase unemployment!
By Emily Chong Fast food workers are going on strike from New York to Seattle to demand higher wages, highlighting the never-ending controversy over the consequences of raising the minimum wage. Many news stories seem to suggest that economists have … Continue reading
How One State Succeeded in Restricting Payday Loans
In 2009, consumer advocates in Washington State decided to try a new approach to regulating payday loans. Like reformers in other states, they’d tried to get the legislature to ban high-cost loans outright — but had hit a brick wall. … Continue reading
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6 Signs Our Culture Is Sick With Greed
By RJ Eskow The love of money for money’s sake is the social disease of our time. We see it all around us: in the celebration of ill-gotten stock gains, public admiration for the heads of criminal banks, the words … Continue reading →