Amex Customers – Above-Average-Income Consumers – Are Spending like Drunken Sailors, incl. on Travel & Restaurants
They’re the Big Spenders, they can move the needle. Millennials and Gen Z-ers are now the drivers of this growth.
Read more...Category Archives: The destruction of the middle class
Do Dem Party Leaders Want to Increase Support from Independents?
The US is split between party loyalists and independents who don’t trust either tribe to watch their back.
Read more...Is Labour Purging the Left? Inside the Party’s Embattled Selection Process
‘This is the most fundamental attempt to change the DNA of the Labour Party in its entire history’
Read more...The Presidential Campaign of Convict 9653
Eugene Debs, the socialist who ran for President despite being a convict times two, is again in the spotlight.
Read more...Social Security May Be Failing Well Over a Million People With Disabilities – And COVID-19 Is Making the Problem Worse
Research suggests that well over 1 million people with disabilities are not getting the assistance they need, and even those who receive benefits are likely not getting enough.
Read more...Wall Street, Venture Capital Drive High Drug Prices
How the government enables drug company grifting via giving them the store while funding reserch.
Read more...About That Bipartisanship…
What kind of bipartisanship do we want? Smooth-as-silk to grow our Pentagon and Praetorian Guard? Or disruptive to fight against all that?
Read more...For Uninsured People With Cancer, Securing Care Can Be Like Spinning a Roulette Wheel
Contending with cancer is horrific enough. Fighting to get care is scary, demoraizing, and can be fatal.
Read more...The Impact of Inflation
The IMF takes a wee look at who is hurt by and benefits from inflation.
Read more...The GOP’s Big Bold Plan to Bring Back Child Labor
Back to the era of child labor? Paging Charles Dickens…
Read more...Danny Haiphong and Michael Hudson Discuss The Collapse of Antiquity, the Bank Panic,
Another tour de force by Michael Hudson on how debt dynamics create oligarcies, how the Fed stoked thebank crisis, and the multipolarity push.
Read more...The Non-Profit Industrial Complex Helps Keep the Student Loan Debt Crisis Going
Money made off the backs of students goes back into nonprofits to push college “access” and awareness of financial options.
Read more...Defeat of a School Voucher Program Reveals Motives Behind the ‘School Choice’ Debate
A newfangled school voucher scheme, “education success accounts,” was too much even for the conservative Virginia House to swallow.
Read more...Senators Alarmed By Use of Rent-Setting Algorithm, Say It’s Helping Drive Inflation
How much is “information sharing” between mega property management companies driving the rise in housing costs?
Read more...The Financial Crisis of 2023: Protecting Big Finance, Coming and Going
The financial system needs to provide a safe place for businesses to place their reserves and working capital.
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