CFPB Lambastes Student Loan Servicers for Thwarting Public Servant Debt Relief
CFPB report details errors and practices of student loan servicers that will bar borrowers from qualifying for debt forgiveness.
Read more...Category Archives: The destruction of the middle class
It’s Not (Just) the Working Class. It’s the Service Class
Why the way for Democrats to regain political power is to target the service class…assuming they can bring themselves to do that.
Read more...Americans Tolerate Inequality Because They Over-Estimate Their Odds of Coming Out on Top
How Americans’ optimism leads to self-delusion on their odds of success, and therefore to not supporting policies in their real interest.
Read more...Trump-Style Policies Will Deepen the “American Carnage”
An in-depth look at Trump’s economic plans shows they would enrich the 1% and hurt the “forgotten people” he promised to help.
Read more...Wolf Richter: Amazon to Slash Jobs at Whole Foods, Dump Cashiers, Switch to Cheaper Products in Price War with Wal-Mart
Amazon acquisition likely to crapify Whole Foods by cost-cutting: slashing and degrading jobs, and reducing quality.
Read more...Gaius Publius: The Collapsing Social Contract
Tracing the trajectory of social breakdown in the US.
Read more...The Tragedy of ‘Mountain Dew Mouth’ and the U.S.’s Insane Approach to Dental Care
Lack of dental care weighs as heavily on the poor, particularly the rural poor, as access to what we usually define as “medical” care.
Read more...U.S. Women Disproportionately Burdened by Student Debt
The wage gap hits women hard in paying off student debt.
Read more...Nina Turner: Wall St. Democrats vs. Working Class Democrats
A wide-ranging discussion with Nina Turner from the People’s Summit in Chicago.
Read more...Globalization and Executive Compensation
One way globalization has increased inequality: via executive pay.
Read more...Starved School Budgets Across the US: A Symptom of Education Funding Crisis
School budgets are in worse shape in many parts of the US than you might have imagined.
Read more...Supreme Court Lexmark Patent Decision A Win for State Right to Repair Legislation
Interprets patent exhaustion doctrine to prevent patent holders from imposing use and sale restrictions; implicitly endorses repair.
Read more...Michael Hudson: Are Students a Class?
Students as the new NINJA creditors, and the broader implications of the use of debt as an instrument of social control.
Read more...The New New Deal
The myth of the virtues of markets is past its sell-by date. Time for a new guiding principle, and the New Deal may be the place to start.
Read more...Government Austerity Demands That We Die Within Our Means
Theresa May’s plans to intensify austerity are costing her votes. About time.
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