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Tag Archives: wealth
The pope takes on economics’ pro-rich bias
By Edward Hadas The leading theories of economics and finance are usually produced for the rich. Pope Francis deserves praise for suggesting an economics for the poor. The typical criteria of economic success – such as efficient pricing, fully competitive … Continue reading
Posted in News from the Soul Brother
Tagged Capital Asset Pricing Model, Catholic, Economic, finance, income inequality, poor, Pope Francis, poverty, wall street, wealth
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Trickle-down economics has made America an “indecent society”
By Robert Reich It’s the season to show concern for the less fortunate among us. We should also be concerned about the widening gap between the most fortunate and everyone else. Although it’s still possible to win the lottery your … Continue reading
The United States of financial insecurity
By Suzy Khimm Five years removed from the financial crisis, most Americans no longer feel they’re drowning in debt. But a new poll shows they still have that sinking feeling when it comes to long-term finances—and they feel Washington is … Continue reading
The American Dream rewards few, enslaves millions
By Bhaskar Sunkara I’ve been working odd jobs and starting businesses all my life. It’s a hustler spirit fitting with my immigrant roots, a key part of my identity. Quintessentially American, even. Self-reliance is something I’m proud of – I’ve always … Continue reading
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Tagged American dream, business, equality, inequality, Jacobin, Karl Marx, Leon Trotsky, poverty, Richard Wright, United States, wealth
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Big Lie: America Doesn’t Have #1 Richest Middle-Class in the World…We’re Ranked 27th!
By Les Leopold America is the richest country on Earth. We have the most millionaires, the most billionaires and our wealthiest citizens have garnered more of the planet’s riches than any other group in the world. We even have hedge … Continue reading
Posted in News from the Soul Brother
Tagged AlterNet, American dream, business, economy, investing, life, middle class, money, United States, wealth
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Michael Jackson’s lucrative legacy
This aired on 60 Minutes about a week ago. It’s sad but it reaffirmed sadly the old adage that sometimes a person can be worth more deceased than alive.
Posted in News from the Soul Brother
Tagged debt, estate, Michael Jackson, money, video, wealth
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Jeff Sessions: Saying Millionaires Should Share Pain Is ‘Rather Pathetic’
I believe there is an insult in there, directed to all of us non-millionaires. What’s so pathetic to ask those who have been blessed with material wealth to do more? While they are asking millionaires to do more, why don’t … Continue reading
Posted in News from the Soul Brother
Tagged business, Business and Economy, democrats, economy, Jeff Sessions, middle class, millionaires, money, poor, Republicans, United States, wealth
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Single Moms Crushed by Recession
Black and Hispanic single mothers has zero median wealth. ZERO. That is surprising and depressing. When America encounters an economic recession or depression our community suffers earlier, longer and more dramatically than the majority. When looking at this issue from that … Continue reading
Posted in News from the Soul Brother
Tagged african american, economy, hispanic, Mother, parenting, recession, Single Mothers, Single-parent, wealth, wealth gap
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Race, Wealth, and Intergenerational Poverty
This is an eye opening article from Darrick Hamilton and William Darity Jr. from The American Prospect. A African-American or Latino family will have to work three years and save 100% of their income to even attempt to close the wealth gap? Wow! … Continue reading
In Nigeria, Oil Spills Are a Longtime Scourge
I admit that I have been unusually quiet about the BP disaster in the Gulf. This article in the New York Times peaked my interest. Nigeria, as well as most of the African continent is extremely rich in natural resources, however we … Continue reading
Posted in News from the Soul Brother
Tagged Africa, BP, British Petroleum, greed, Gulf Coast, Nigeria, oil, oil leak, wealth
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