By MICHAEL COOPER and MARY WILLIAMS WALSH When the city of Scranton, Pa., found itself down to its last $5,000 in the bank last week, its Democratic mayor took a highly unusual step: he unilaterally cut the pay of city… Read More ›
Economy
IMF reduces US economic growth forecast
WASHINGTON — The International Monetary Fund on Tuesday lowered its estimates for US economic growth for this year and next, and urged policy makers to do more to help the housing sector and support the tepid recovery. In its annual… Read More ›
Major Rent Strike Against Millionaire Slumlord Catches Fire in Brooklyn
By Laura Gottesdiener As foreclosures continue to put historic pressure on the nation’s rental market, slumlords now have more opportunity than ever to prey on the most vulnerable of tenants. The electrical box in the basement of multifamily brownstone on… Read More ›
On Individualism
Introduction: A Fetish for the Individual Above All People in the United States are taught that all of life’s fortunes and misfortunes are brought about solely by the actions of the individual. We are taught that a person, by virtue… Read More ›
Success at the Third Congress of the American Party of Labor (APL)
On Monday, the 25th of June, 2012, the American Party of Labor successfully concluded its Third Party Congress. The “Congress of the Flags,” as the Third Party Congress has been named, was held in Chicago, Illinois between 22 and 25… Read More ›
On the Day of American Independence
Today is the 4th of July, a holiday celebrated all over the nation as the date of American Independence from the British crown. I was considering burning an American flag to protest US foreign policy, imperial aggression, indigenous holocaust, sponsorship… Read More ›
Conn. nursing home workers begin strike at 5 homes
HARTFORD, Conn. — About 700 staff members at five Connecticut nursing homes followed through with a threatened strike on Tuesday to protest what they say are labor concessions imposed by the New Jersey company that owns the facilities. Nurses, nursing… Read More ›
Regulators release ‘living wills’ for big banks
By Peter Schroeder Banking regulators released public portions of “living wills” submitted by nine of the world’s largest banks, which details how they could be dissolved if trouble strikes. The documents, required as part of the Dodd-Frank financial reform law,… Read More ›
Chris Collins: ‘People Now Don’t Die From Prostate Cancer, Breast Cancer’
By Elise Foley GOP congressional candidate Chris Collins knows health care is expensive these days, but he argues it’s for good reason: People are no longer dying from deadly forms of cancer. “People now don’t die from prostate cancer, breast… Read More ›
Homeless Students Top 1 Million, U.S. Says, Leaving Advocates ‘Horrified’
by Saki Knafo and Joy Resmovits Back in November of 2005, Diane Nilan had what she now concedes may have struck some people as a “crazy notion.” She’d been working as advocate for homeless families in Illinois, getting frustrated by… Read More ›
World’s Richest Gain $21.4 Billion as Batista Falters
The world’s richest people added a combined $21.4 billion to their collective net worth this week as the wealth gap between billionaire Carlos Slim and Eike Batista widened to more than $50 billion. Batista’s net worth fell $4 billion. Shares… Read More ›
Game Over: Scans of Over 50 Ron Paul Newsletters
For a certain segment of the Ron Paul fanbase, no evidence of his disseminating hateful, paranoid material will ever be enough. Citing James Kirchick’s piece in The New Republic wasn’t sufficient, because Kirchick could have just been “making everything up.”… Read More ›
Study: Mega Bank JP Morgan Chase Receives A $14 Billion Annual Subsidy From The U.S. Government
By Pat Garofalo JP Morgan Chase CEO Jamie Dimon testified on Capitol Hill today for the second time in two weeks, appearing before the House Financial Services Committee to discuss the trading debacle that has cost his bank billions of… Read More ›
These 6 Corporations Control 90% Of The Media In America
by Ashley Lutz This infographic created by Jason at Frugal Dad shows that almost all media comes from the same six sources. That’s consolidated from 50 companies back in 1983. NOTE: This infographic is from last year and is missing… Read More ›
The Red Phoenix 