The True Reason Behind The 40-Hour Work Week

By EV, AnonHQ Economic slavery, or wage slavery, refers to one’s total and immediate dependence on wages to survive. Although people throughout history have had to work to get by, we now live in a culture where we are led to believe we have economic freedom, when unbeknownst to most citizens, we are in fact bound in servitude. We automatically accept a 40-hour workweek with meager hourly pay as normal, even though many work overtime and still struggle to survive. There are also those who make enough to live comfortably but are unable to request less hours—you either work 40 hours a week, or you don’t get to work at all. We submit when told what to wear, when we have to arrive and depart, when we’re allowed to eat, and even when we’re allowed to use the restroom. How is it we have come to allow this? The […] Read More

Retailers Panic: 63% Of Americans Plan Not To Shop On Black Friday

The day after Thanksgiving, also known as Black Friday, is when the holiday shopping season in the United States traditionally begins and is the day when retailers (at least in the past) finally turned a profit, going from “being in the red” to “in the black.” However, in recent years, this trend has seen turned upside down, with sales on Black Friday slipping, as retailers offer pre-Thanksgiving deals ever earlier than in recent years to capture heavily discounted market share (think OPEC) and draw shoppers as “Black Friday” no longer marks the spending peak at brick-and-mortar chains. According to National Retail Federation data, the number of Thanksgiving weekend shoppers has fallen by nearly a third in just the past three years to 102 million in 2015, from 147 million in 2012, not only as a result of bricks and mortar stores starting the selling season earlier but due to […] Read More

Hightower: How Can a CEO Feel Good About Price Gouging to Get Rich?

Gouging people on the price of a life-saving medicine in order to jack up CEO pay. Corporate price gouging is never nice. But gouging people on the price of medicines they rely on to stay alive is worse than not nice — it’s predaceously evil. And if you think corporate morality can’t go lower than that, how about gouging people on the price of a life-saving medicine in order to jack up the personal pay of a drug maker’s CEO? That’s the bottom level of grotesque immorality where Heather Bresch dwells. She is chief executive of Mylan, a pharmaceutical profiteer that markets the EpiPen medical device, which literally is a lifesaver for people who suffer deadly anaphylaxis allergy attacks. These allergy attacks kill nearly 200 people a year in the U.S. alone. Within seconds, something as common as peanuts or a bee sting can cause sever rash, swelling of […] Read More

Almost Two-Thirds of People in the Labor Force Do Not Have a College Degree, and Their Job Prospects Are Dimming

Stable, middle class jobs are on the decline for those without college degrees. The Trans-Pacific Partnership is not helping. Almost two-thirds of people in the labor force (65.1 percent) do not have a college degree. In fact, people without a college degree (which includes those without a high school degree, with a high school degree, some college education, and an associates’ degrees) make up the majority of the labor force in every state but the District of Columbia. Mississippi has the highest share of non-college educated workers (75.7 percent) while Massachusetts and the District of Columbia have the lowest shares (51 percent and 33.7 percent, respectively). It is no secret that wages for typical workers have stagnated over the past 35 years. The lagging recovery of construction and manufacturing sectors, two sectors which traditionally provide strong wages for workers without college degrees, is one reason for this wage stagnation. Trade agreements like the Trans-Pacific Partnership threaten to make the […] Read More

Corporate Debt Defaults Explode To Catastrophic Levels Not Seen Since The Last Financial Crisis

If a new financial crisis had already begun, we would expect to see corporate debt defaults skyrocket, and that is precisely what is happening.  As you will see below, corporate defaults are currently at the highest level that we have seen since 2009.  A wave of bankruptcies is sweeping the energy industry, but it isn’t just the energy industry that is in trouble.  In fact, the average credit rating for U.S. corporations is now lower than it was at any point during the last recession.  This is yet another sign that we are in the early chapters of a major league economic crisis.  Yesterday I talked about how 23.2 percent of all Americans in their prime working years do not have a job right now, but today I am going to focus on the employers.  Big corporate giants all over America are in deep, deep financial trouble, and this […] Read More

23 Percent Of Americans In Their Prime Working Years Are Unemployed

Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working age Americans that do not have a job right now?  I have written about this before, but today I want to focus just on Americans that are in their prime working years.  When you look at only Americans that are from age 25 to age 54, 23.2 percent of them are unemployed right now.  The following analysis and chart come from the Weekly Standard… Here’s a chart showing those in that age group currently employed (95.6 million) and those who aren’t (28.9 million): “There are 124.5 million Americans in their prime working years (ages 25–54). Nearly one-quarter of […] Read More

The Clinton Backed Honduran Regime Is Picking Off Indigenous Leaders

Hillary Clinton will be good for women. Ask Berta Cáceres. But you can’t. She’s dead. Gunned down yesterday, March 2, at midnight, in her hometown of La Esperanza, Intibuca, in Honduras. Cáceres was a vocal and brave indigenous leader, an opponent of the 2009 Honduran coup that Hillary Clinton, as secretary of state, made possible. In The Nation, Dana Frank and I covered that coup as it unfolded. Later, as Clinton’s emails were released, others, such as Robert Naiman, Mark Weisbrot, and Alex Main, revealed the central role she played in undercutting Manuel Zelaya, the deposed president, and undercutting the opposition movement demanding his restoration. In so doing, Clinton allied with the worst sectors of Honduran society. Despite the fact that he was a rural patriarch, Zelaya as president was remarkably supportive of “intersectionality” (that is, a left politics not reducible to class or political economy): He tried to […] Read More

Top Bank Issues Cataclysmic Warning To American Can Expect (VIDEO)

By now your ears are tirelessly ringing by the repeated conversations of a coming economic crisis spoken of by top economists, alternative news sources, and your every day average joe. The talks have gotten so excessive that when one hears the term “crisis” they no longer grasp the impacts it will have when it finally does make its lasting blow. The truth is, it is going to hit, and when it does, it will have catastrophic effects on our economy.  In fact the 20th largest bank in the entire world, Royal Bank of Scotland, has just urged investors to “Sell everything” and that “2016 is going to be a cataclysmic year for the economy.” With warnings like these one can’t help but ponder the idea that the economic crisis is truly right around the corner, if not already here, especially considering the latest 1,500 drop in the DOW just […] Read More

Dr Judy Wood : Evidence of Breakthrough energy technology on 911

Dr.Judy Woods The post Dr Judy Wood : Evidence of Breakthrough energy technology on 911 appeared first on We Are Change. Related articles Energy Efficiency and Renewables Are Lowest Risk/Cost Investments for Utilities Epigenomics and How Natural Nutrients Heal Genes How To Get Out Of Survival Mode & Into Living Life Mode New Power Plant Rule: Strong, Smart, and Legally Sound India Won’t Suppress Tewari’s Free Energy Generator A Major Petition Is Presented For The Government To Review 9/11 Truth Evidence – See What Was Said Why There Will Be No Suppression Of New Energy Technology

American Cops Now Steal More Property Than All US Burglars Combined

By Matt Agorist For decades now, federal government and their cohorts in law enforcement have been carrying out theft of the citizenry on a massive scale. We’re not talking about taxes, but an insidious power known as Civil Asset Forfeiture (CAF). The 1980s-era laws were designed to drain resources from powerful criminal organizations, but CAF has become a tool for law enforcement agencies across the U.S. to steal money and property from countless innocent people. No criminal charge is required for this confiscation, resulting in easy inflows of cash for law enforcement departments and the proliferation of abuse. This phenomenon is known as “policing for profit.” In the last 25 years, the amount of “profit” stolen through CAF has skyrocketted. According to the US Department of Justice, the value of asset forfeiture revoceries by US authorities from 1989-2010 was $12,667,612,066, increasing on average 19.5% per year. In 2008, law […] Read More

Mexico Bracing for Massive Default That Could Set Off Global Debt Bomb: “Perversely Ironic Twist”

The debt avalanches. Once it accumulates enough mass, and momentum is not sufficient to stop its collapse, it overwhelms its host, and will come crashing down on the rest of the system, too. Across the planet, there are hundreds of governments – local, state and national – as well as business and households who are reaching a breaking point. Already drowning in debt, many are about to default on loan repayments, and thus set off a series of debt crises that will be met with market chaos and a tightening of easy credit for those who are most vulnerable to implosion. With Puerto Rico also timed for a major default that will burden the United States, Mexico is ready to crash, and bracing for impact. Its biggest construction firm, which has been dependent upon government contracts that are now drying up, is facing default on a $31 million interest […] Read More

Dr. Marc Faber: Markets Are Manipulated By Clowns In Central Banks (VIDEO)

I had the good fortune to sit down with Dr. Marc Faber, Economist and Market Forecaster, publisher of GloomBoomDoom Report to discuss the current state of economic affairs from a global perspective. We touched on the failures and criminality that have become U.S. economic policy and how this is impacting the rest of the world. We also discussed how the Eastern world is rapidly taking over every aspect of commerce, finance and economics the world over. The economic situation we find ourselves is very delicate at this time. We have major economies, like the U.S. and Europe, that are either at a standstill or in a full blown recession/depression. It really depends on which set of numbers one uses as a guide. Most of the government statistics are either “massaged” or simply made up to fit the political agenda of the day. With this being the case, on a […] Read More

The Number of Americans Living on Less Than $2 a Day Is Skyrocketing

Research shows 1.5 million households and 3 million children are living in desperate economic conditions. The World Bank and other global institutions use a very specific measure to record global poverty rates. They gather data designed to record the number of people in a country who live on less than $2 a day, and then use the information to make a “poverty headcount ratio”— the percentage of people in a country who live under this standard. In most recent data, Sierra Leone, for example, had a staggering 82.5% of its citizens living in poverty by this count. What is less known is that millions of Americans are living in situations of similar poverty. A new book, $2.00 a Day: Living on Almost Nothing in America, explores the status of Americans who face this extreme level of poverty “Most of us would say we would have trouble understanding how families in a […] Read More