Category Archives: The destruction of the middle class

Payday Lenders Offering Installment Loans to Evade Regulations – But They May Be Even Worse

When is a payday loan still pretty much a payday loan? When it’s an installment loan with annual interest rates over 100%.

Misunderstanding Volcker

A reappraisal of Volcker, who was more hostile to workers and less hard on financiers than the press would have you believe.

Using History to Understand Hidden Wealth in the UK

Between 1920 and 1992, English elites concealed 20-32% of their wealth. Accounting for hidden wealth eliminates one-third of the observed decline of top 10% wealth share over the past century.

The Geography of EU Discontent

The EU’s flyover, meaning areas in economic decline, are also its hotbeds of discontent and anti-EU sentiment.

Financialization of the U.S. Pharmaceutical Industry

A takedown of the pharmaceutical industry’s assertion that it need to price gouge so it can invest in R&D. Profits go almost entirely to various forms of looting.

Tucker Carlson Tears into Vulture Capitalist Paul Singer for Strip Mining American Towns

Tucker Carlson takes on the feared vulture capitalist Paul Singer as an examplar of how hedge funds are destroying American communities.

The Debt Delusion

A short take on John Week’s new book, The Debt Delusion, and why it matters.

AOC Schools Mayor Pete on Why Means Testing Free College Is Such a Bad Idea

AOC rebukes Pete Buttigieg on his plan to means test expanded funding for college tuition.

What’s Behind the Subprime Consumer Loan Implosion?

Subprime loan repayment continues to deteriorate. What is going on?

Federal Prosecutors Initiate Criminal Probe of Six Opioid Manufacturers and Distributors

Federal prosecutors in Brooklyn have initiated an investigation that could lead to criminal charges against at least six opiods companies.

Obama Privately Considered Leading ‘Stop-Bernie Campaign’ to Combat Sanders 2020 Surge: Report

Obama would try and stop Sanders if it looks likely Bernie would get the nomination – regardless of whether that’s the best shot to defeat Trump.

“The UN Is Being Turned into a Public-Private Partnership”: Harris Gleckman Explains Stealth Takeover by World Economic Forum

Lynn Fries speaks to Harris Gleckman about the growing corporate influence over our global governance system – and what can be done to stop it.