This week, Apple CEO Tim Cook was questioned in a Congressional Hearing about his company's complex scheme to avoid paying taxes. According to Mr. Cook, the company's stash of billions of dollars in overseas shell corporations was not tax dodging – it was ingenuity. And, just in case anyone actually fell for the tech company's creative explanation, Mark Gongloff of the Huffington Post shared an incredible chart, which illustrates exactly how unjust our nation's tax system has really become.
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The following chart measures the growth of hunger over the past few years in Europe and the US:.
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Another aging highway bridge falls, cars and people in the water… This problem was well-known and urgent years ago! But Republicans block it, saying fixing our infrastructure is “more government spending.” Fixing our infrastructure is also jobs and economic growth. And after you fix or build a bridge you have the bridge. A continuing seriesRead [...]
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The Federal Reserve Bank of New York’s recent data on college graduates has been a gift that keeps on giving. The plethora of information has provided great insight into the millennial generation’s current economic predicament. In their most recent report, Jaison Abel and Richard Dietz of the New York Fed found that only 27 percent [...]
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On Tuesday, a “sinkhole” suddenly sank in Washington D.C. three blocks from the White House. Not a metaphor, but a massive hole in the road as “long as a Ford Explorer,” double the width of a train car and 17 feet deep. The asphalt eroded around a metal plate covering potholes in the street and [...]
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The upcoming Trans-Pacific Partnership (TPP) agreement is using a process that is rigged from the start. It is not being negotiated by governments for the benefit of their people, it is being negotiated by executives (or future executives/lobbyists currently in government) largely for the benefit of the giant corporations they serve. The process has these [...]
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As I noted in my previous post, even before the winds died down in his home state, Oklahoma Republican Sen. Tom Coburn insisted that additional disaster relief approved by Congress must be “paid for” by cuts elsewhere in the federal budget. Coburn even defended his insistence on further slashing the federal budget to pay for [...]
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Anyone who thinks education is the “civil rights issue of our time” needs to look at what’s going on in Chicago. In three days of protests over the weekend and lapping into Monday, people who look like they would be involved in a civil rights cause – mostly African-American and Latino/a teachers, parents, and students, [...]
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