via Laura Bassett, The Huffington Post When 24-year-old preschool teacher Katherine Fenton stood up at the second presidential debate and asked the candidates what they planned to do about the gender wage gap, both candidates dodged the question, and conservatives collectively rolled their eyes at the mention of one of their least favorite of the … Continue reading
via The Economist Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing … Continue reading
via Ellen Brown, Alternet Among the demands of the Wall Street protesters is student debt forgiveness – a debt “jubilee.” Occupy Philly has a “Student Loan Jubilee Working Group,” and other groups are studying the issue. Commentators say debt forgiveness is impossible. Who would foot the bill? But there is one deep pocket that could … Continue reading
Google Chairman Eric Schmidt called on Washington to think big about solutions for the nation’s struggling economy calling the current emphasis on cutting spending instead of new stimulus “ludicrous.” The economy would need “not just something like the jobs bill, but also significant government stimulation in terms of buying power and investment,” said Schmidt on … Continue reading