Vision: Everyday Brits Are in Revolt Against Wealthy Tax Cheats -- Can We Do That Here?

Imagine a parallel universe where the Great Crash of 2008 was followed by a Tea Party of a very different kind. Enraged citizens gather in every city, week after week—to demand the government finally regulate the behavior of corporations and the superrich, and force them to start paying taxes. The protesters shut down the shops and offices of the companies that have most aggressively ripped off the country. The swelling movement is made up of everyone from teenagers to pensioners. They surround branches of the banks that caused this crash and force them to close, with banners saying, You Caused This Crisis. Now YOU Pay.

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We're Better off Than Egypt -- Right? Let's Take a Look.

A tourist who was interviewed last night from Cairo spoke for millions of his fellow Americans when he said he couldn't imagine living a country like Egypt. It is hard, isn't it?

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The 'New Normal' of Unemployment

The American Economics Association held its annual meeting in Denver last weekend. Most attendees appeared to be in a very forgiving mood. While the economists in Denver recognized the severity of the economic slump hitting the United States and much of the world, there were few who seemed to view this as a serious failure of the economics profession.

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Liberals warn of Democratic schism if Obama backs Social Security cut

The battle lines are forming within the Democratic Party over the charged question of reforming Social Security in the days leading up to President Obama’s State of the Union address.

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Report: Austerity Policies Worsen Racial Economic Inequalities, Hit Blacks and Latinos Hardest

BOSTON -- The official unemployment rate is 15.8 percent among Blacks and 13 percent among Latinos; Blacks earn only 57 cents for each dollar of White family income, Latinos earn 59 cents; and Blacks have only 10 cents of net wealth while Latinos have 12 cents to every dollar of net wealth that Whites have. As documented in the "State of the Dream 2011: Austerity for Whom?," this is the precarious state in which Blacks and Latinos find themselves as the nation, still struggling amidst the Great Recession, remembers the life of Dr. Martin Luther King Jr. who was gunned down while leading the Poor People's Campaign in 1968.

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The Class War Launched by America's Wealthiest Is Getting More Savage

We’re in a class war. It’s the corporations and the very wealthiest against all the rest of us. We’re losing. In 1962 the wealthiest 1 percent of American households had 125 times the wealth of the median household. Now it’s 190 times as much. Is that a case of a rising tide lifting all boats, just a few of them a little bit higher? No.

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