The destruction of the middle class Archives - Page 100 of 213

American Life Expectancy Continues to Fall: Rise in Suicides, Overdose Deaths the Big Culprit

America’s falling life expectancy is a symptom of rising social distress.

Don Quijones: Wall Street Mega-Landlord Blackstone Turns Screw on Spanish Government & Property Market

Blackstone is a major operator in the Spanish property market. This post discusses the Spanish government’s plans to enact modest protections for tenants by reforming rent laws. Will the government respond to tenant needs, or give way to the private equity firm’s implicit threat to reduce its Spanish property investments? Alas, it looks likely that the government will fail to deliver on its reform pledge.

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

Another look at the ugly Sears bankruptcy.

New York Media Touts Private Equity Obamist Deval Patrick as Presidential Candidate

Why is the media covering up that Deval Patrick became wealthy via asset-stripping at Bain Capital?

When the Middle Class Lost Its Wealth

Until 2008, rising home values gave the middle class a cushion amid growing income inequality. But following the financial crisis, that wealth has failed to return.