Category Archives: The destruction of the middle class

Fears Over Cost of Living ‘Solutions’ Proposed by Truss-Backed Think Tanks

Liz Truss looks set to shaft ordinary Britons when the UK is already reeling from a cost of living crisis.

The Hope of What Was Once Called a Decent Living Has Departed for the Average Household

The UK is a serious and worsening cost of living crisis that’s impoverishing the former middle class. What will the political fallout be?

Companies Are Paying Inflation Busting Dividends at Cost to the Rest of the Economy, Including Their Employees

How companies are paying dividends rather than investing in their business or paying employees better……and often borrow to do so.

Economists Fear Fed Minutes Show Central Bank Bent on ‘Unleashing Mass Unemployment’

The Fed confirms its true colors of being in the business of disciplining labor, whether it makes sense of not.

Energy Workers to Stage More Protests as Companies Raise Bills but Not Pay

Employees at Drax, Grangemouth and other energy sites will walk out every fortnight as firms rake in huge profits.

How Employers Are Trying to Thwart a Wave of Union Drives

Union organizers are making headway, as measured by the more-aggressive cororate efforts to hobble them.

America, Land of the Dying? Alarming Study Shows U.S. Killing Its Own Population

American became an outlier among rich countries in mortality rates pre pandemic, and Americans are dying younger than their peers abroad.

Recession Mongers Shocked & Horrified by This Surge in Employment

Perversely, investors want a recession to force the Fed to pivot. But it’s tough to have an official recession with employment growing.

Hubert Horan: Can Uber Ever Deliver? Part Thirty-One: Uber’s Legitimate Cumulative Losses Top $32 Billion; P&L Improvements Driven by Much Higher Fares and Multi-Billion Dollar Transfers From Drivers to Shareholders

Even big fare hikes and cuts to driver pay have failed to produce profits at Uber. And these pricing changes are not likely to be sustainable.

Think the Financial Crisis Is Over? Mortgage Servicers Still Abusing Borrowers For 10+ Years, Thanks to Lax Fannie/Freddie Oversight

Mortgage servicers are torturing borrowers who have been unable to pay for over a decade. All they are doing now is ripping off governments.