NAFTA is as precarious as a slow-spinning plate on a stick. Mexico and Canada are both taking half-hearted turns recharging the momentum – while simultaneously looking for trade options due to, well,.. the inevitable. The basic issue is a simple one; for the U.S. NAFTA has a fatal flaw. Canada and Mexico are used by […]
Food Stamp Enrollment Drops by Four Million in One Month…
Four million people dropped off the food stamp rolls in one month, according to the latest numbers on food stamp enrollment from the U.S. Department of Agriculture (USDA). The latest USDA data show that the number of participants in the Supplemental Nutrition Assistance Program (SNAP), the government program that administers food stamps, dropped from 45,666,795 […]
Report: Companies Pay Imported Workers with Citizenship Cards…
Many low-wage employers are importing cheap foreign labor by offering them immigration and citizenship instead of pay, so helping boost profits by sidelining blue-collar Americans. The companies can sideline Americans and hire lower-wage foreigners because of the federal citizenship-instead-of-pay EB-3 green card immigration program. Each year, the federal governments EB-3 program offers 5,000 green cards […]
How to Wipe Out Puerto Rico’s Debt Without Hurting Bondholders by Ellen Brown…
During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt. He said on October 3rd: You know they owe a lot of money to your friends on Wall Street. We’re gonna have […]
Missouri Rolling Back Minimum Wage From $10 To $7.70…
As rallies across the country have demanded an increase in the minimum wage to $15 per hour, one state is reducing its legal lowest rate. Missouri is rolling back its minimum wage from $10 to $7.70. Missouri Gov. Eric Greitens, in office since January, is allowing a bill passed by the Republican-controlled state legislature to […]
Socialists Spearhead Victory on $15 in Minneapolis…
Occupy Silicon Valley: The Next Populist Movement…
Standout gains in large technology stocks like Amazon.com and Apple show just how much the sector is disconnected from the sluggish growth on the rest of Main Street, one notable strategist said in a report titled “Occupy Silicon Valley.” The tech stock rally “could ultimately lead to populist calls for redistribution of the increasingly concentrated […]
Spending Deal Has Border Wall Money After All…
Public Employees and the Shadow World of American Carnage…
A new report from the Congressional Budget Office provides an eye-opening answer to the question by examining a sector of the labor market whose wages have been largely shielded from the effects of trade deals, immigration, and job-killing regulation. These workers receive wages and benefits that are, on average, about 17 percent higher than workers […]
Trump: ‘We’re Very Happy with’ Republican Budget Agreement…
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