U.S. Economy Topics

Economy

Democracy Now! stories, posts and pages that relate to U.S. Economy

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  • Povertyman
    A new study shows that income inequality in America is at a record high. According to an analysis of tax filings, the income gap between the richest 1 percent of Americans and the other 99 percent widened to unprecedented levels in 2012. The top 1 percent of U.S. earners collected more than 19 percent of household income, breaking a record previously set in 1927. Income inequality in the United States has been growing for almost three decades....
    Sep 12, 2013 | Story
  • Studentloan
    On the heels of President Obama’s signing of a measure keeping federally subsidized student loans at a relatively low rate through 2015, Rolling Stone political reporter Matt Taibbi joins us to discuss how the high price of U.S. college tuition and the federal expansion of student debt to pay for it pose a major threat to the economy. In his new article, "Ripping Off Young America: The College-Loan Scandal," Taibbi writes: "The...
    Aug 20, 2013 | Story
  • Detroitbankruptskyliney
    Facing an estimated $18 billion in debt, Detroit has become the largest U.S. municipality to file for bankruptcy. It is a grim milestone in the decline of what was once the country’s fourth largest city. Known as the Motor City and the birthplace of the middle class, Detroit’s auto industry and manufacturing sector have collapsed. A steady decline in population has decimated its tax base, leaving the city with massive cuts to basic services...
    Jul 23, 2013 | Story
  • Student-loan
    The interest rate for federally subsidized student loans has doubled to 6.8 percent after Congress failed to reach a deal to avoid the hike. A proposal by Democratic Senator Elizabeth Warren to lower student loan interest rates to 0.75 percent — the same rate given to big banks on government loans — also faltered before the deadline. Lawmakers will still have a chance to come to an agreement before the next school year, but whatever...
    Jul 03, 2013 | Story
  • Amys_column_default
    The 50th anniversary of Martin Luther King Jr.’s “I Have a Dream” speech is rapidly approaching, commemorating the historic Aug. 28, 1963, March on Washington. King’s words from that National Cathedral speech ring true today, as we face again the crisis of poverty and hunger.
    Jun 06, 2013 | Columns & Articles
  • Privatization_protest
    The Obama administration is facing increasing scrutiny for the extreme secrecy surrounding negotiations around a sweeping new trade deal that could rewrite the nation’s laws on everything from healthcare and Internet freedom to food safety and the financial markets. The latest negotiations over the Trans-Pacific Partnership (TPP) were recently held behind closed doors in Lima, Peru, but the Obama administration has rejected calls to release...
    Jun 06, 2013 | Story
  • Ralphnader
    Describing the United States as an "advanced Third World country," longtime consumer advocate and former presidential candidate Ralph Nader calls for a new mass movement to challenge the power corporations have in Washington. "It is not too extreme to call our system of government now 'American fascism.' It’s the control of government by big business, which Franklin Delano Roosevelt defined in 1938 as fascism,"...
    Jun 04, 2013 | Story
  • Food_kitchen
    As Republicans move to cut billions of dollars in funding for food stamps, a new report finds one in six Americans live in a household that cannot afford adequate food. In "Nourishing Change: Fulfilling the Right to Food in the United States," the International Human Rights Clinic at New York University’s School of Law reports that of these 50 million people going hungry, nearly 17 million are children. Food insecurity has skyrocketed...
    May 30, 2013 | Story
  • Hauter-foodopoly
    Wenonah Hauter, the executive director of Food & Water Watch, joins us to discuss her new book, "Foodopoly: The Battle Over the Future of Food and Farming in America." Hauter tackles the corporations behind the meat, vegetables, grains and milk consumed by millions every day — including some of the most popular organic brands. "Foodopoly" details how a handful of large corporations control the nation’s food...
    Apr 02, 2013 | Story
  • Richard_wolff
    As Washington lawmakers pushes new austerity measures, economist Richard Wolff calls for a radical restructuring of the U.S. economic and financial systems. We talk about the $85 billion budget cuts as part of the sequester, banks too big to fail, Congress’ failure to learn the lessons of the 2008 economic collapse, and his new book, "Democracy at Work: A Cure for Capitalism." Wolff also gives Fox News host Bill O’Reilly...
    Mar 25, 2013 | Story