Tag Archives: Income Inequality

Turkey’s currency collapse shows just how vulnerable its economy is to a crisis

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Sometimes you have to look back to move forward. AP Photo/Lefteris Pitarakis

Can Erbil, Boston College and Umit Ozlale, Özyeğin University

If you happen to be a tourist in Turkey right now, consider yourself lucky. Otherwise, things look grim.

The Turkish lira has lost as much as a third of its value relative to the U.S. dollar in less than a month and recently hit a record low. As a result, all imported goods became more expensive practically overnight. And because Turkey is heavily dependent on foreign goods, most everything was affected, including gasoline, food, furniture and clothing. Turks are worried that more price hikes and possible shortages of imported medicine are on the way. Continue reading

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Trump’s Drastic Cuts to UNRWA Spell More Poverty, Hopelessness, and Radicalization in Palestine

In an attempt to pressure the Palestinian people to accept his “deal of the century,” Trump decided to drastically cut the annual U.S. contribution to UNRWA from about $350 million to $65 million and pressured other countries, including Britain and Australia, to reduce their contributions as well.

By Hisham H. Ahmed, Ph.D. Published 8-17-2018 by MintPress News

Schoolgirls at the UNRWA Rimal Girls Preparatory School in Gaza. Adel Hana | AP

UNRWA, the United Nations Relief and Work Agency for Palestine Refugees, was established in December 1949 by United Nations General Assembly Resolution 302 to address the basic humanitarian needs of the hundreds of thousands of Palestinians who became refugees in the first Arab-Israeli war in 1948.

As its name reveals, UNRWA’s mission was centered on providing relief rations, basic healthcare, education and employment opportunities for the refugees who lost all of their livelihood. Underlying UNRWA’s establishment was the goal to integrate refugees into the neighboring Arab host countries, so as to diffuse tensions and promote regional peace and stability. Continue reading

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Demanding Wide-Reaching Reforms and an End to Slavery, Inmates in 17 States Plan Prison Strike

“Every single field and industry is affected on some level by prisons, from our license plates to the fast food that we eat to the stores that we shop at.”

By Julia Conley, staff writer for Common Dreams. Published 8-18-2018

Supporters of Florida’s prison strike in January. (Photo: @IWW_IWOC/Twitter)

Incarcerated Americans in at least 17 states will go on strike this coming week, refusing to perform labor and engaging in sit-ins and hunger strikes to demand major reforms to the country’s prison and criminal justice systems.


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In Latest Attack on Fair Housing Act, Carson Moves to Gut Anti-Segregation Rule

“Without this rule, communities will not do the work to eliminate discrimination and segregation.”

By Julia Conley, staff writer for Common Dreams. Published 8-14-2018

Under President Donald Trump, the Housing and Urban Development Department—tasked with ensuring that fair housing practices are followed—has all but abandoned its mission, critics say. (Photo: Culture:Subculture Photography/Flickr/cc)

With much of the corporate media’s attention focused on Tuesday on President Donald Trump’s latest reported racist remarks, the president’s Department of Housing and Urban Development (HUD) made its latest move away from its core mission of ensuring all Americans of all races have access to fair housing.


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Debunking Trump’s Racist Myth, Study Shows Immigrants Boosting US Healthcare, Not Draining It

“The Trump administration’s narrative is not based in fact but is simply part of a much broader attempt to penalize and disparage immigrants.”

By Jake Johnson, staff writer for Common Dreams. Published 8-8-2018

“Recent immigrants are substantially healthier than native-born Americans, which benefits the American healthcare economy. But to maintain their health over the long-term, new immigrants—and all Americans—need access to good healthcare,” said Lila Flavin, a medical student at Tufts University School of Medicine. (Photo: OverpassLightBrigade/Twitter)

With the Trump administration reportedly close to unveiling a xenophobic proposal that portrays immigrants as leeches who exploit government healthcare programs at tremendous cost to U.S. taxpayers, a new study published on Wednesday shows that—contrary to the White House’s narrative—immigrants effectively subsidize the care of native-born Americans by paying more into the healthcare system than they receive in treatment.

“Overall, immigrants almost certainly paid more toward medical expenses than they withdrew, providing a low-risk pool that subsidized the public and private health insurance markets,” researchers from Harvard Medical School and Tufts University write in a summary of their findings, which were published in the International Journal of Health Services. “We conclude that insurance and medical care should be made more available to immigrants rather than less so.” Continue reading

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‘Insidious’: Emails Show Trump White House Lied About US Poverty Levels to Discredit Critical UN Report

With its attempt to falsify statistics and whitewash uncomfortable facts about poverty in America, the White House once again demonstrated its “contempt” for the poor, one critic argued

By Jake Johnson, staff writer for Common Dreams. Published 8-3-2018

Photo: Storify archive

Infuriated by a scathing United Nations report estimating that over 18 million Americans are living in “extreme poverty” and accusing the Trump administration of “deliberately” making such destitution worse with its tax cuts for the rich, the White House insisted in its June response to the U.N. analysis that the United States is overflowing with “prosperity” and that claims of widespread poverty are “exaggerated.”

But internal State Department emails and documents obtained by Foreign Policy and the non-profit journalism website Coda Story show that the Trump administration ignored advice of White House economic analysts and knowingly lied to the public about the severity of American poverty, which the U.N. Special Rapporteur on Extreme Poverty and Human Rights Philip Alston described as “shocking.” Continue reading

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Koch-Funded Hit Piece Backfires: Shows Medicare for All Would Save ‘Whopping $2 Trillion’ Over Ten Years While Covering Everybody

“If every major country on Earth can guarantee healthcare to all, and achieve better health outcomes, while spending substantially less per capita than we do, it is absurd for anyone to suggest that the United States cannot do the same.”

By Jake Johnson, staff writer for Common Dreams. Published 7-30-2018

If the billionaire Koch brothers really want to undermine the economic case for Medicare for All, they have a funny way of showing it.

Judging by the headlines alone, it would appear that the newly published study projecting that Sen. Bernie Sanders’ (I-Vt.) widely popular Medicare for All plan would cost $32.6 trillion over the next decade was conducted by an official, neutral body seeking the facts, not pushing an agenda.

Read a bit further, though, and you’ll discover that the analysis—released Monday morning—was produced by the George Mason University-based Mercatus Center, which has received millions of dollars in funding from the right-wing billionaires Charles and David Koch, who have previously expressed support for abolishing Medicare and Medicaid entirely. Continue reading

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“You Can’t Eat GDP”: Reminder That Most Workers Are Struggling as Trump and Corporate Media Tout Economic Growth

“Any administration would tout a strong GDP report like today’s, but if it’s not reaching workers’ paychecks, which it isn’t, then cease the applause.”

By Jake Johnson, staff writer for Common Dreams. Published 7-27-2018

Photo: SEIU/Twitter

As President Donald Trump and corporate media outlets on Friday enthusiastically touted new GDP figures showing that the U.S. economy grew by 4.1 percent in the second quarter of 2018, many economists and progressive commentators were quick to counter the glowing headlines by pointing out that corporations and the rich are feasting on most of the growth while workers see their wages fall.

“What the president won’t talk about is that there is slow—and even negative—growth in real wages adjusted for inflation. So if GDP is rising, but wages [are] falling, the money is going to the top,” Timothy McBride, a health economist at Washington University in St. Louis, noted in response to Trump’s celebratory speech on the White House lawn on Friday. Continue reading

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Putting Common Good Over Billionaires and War Profiteers, House Progressives Introduce “People’s Budget”

The Congressional Progressive Caucus’ plan “invests in our neglected infrastructure, ends the systematic inequality in our tax system by making corporations pay their fair share, and stops the rising cost of drugs.”

By Jake Johnson, staff writer for Common Dreams. Published 7-24-2018

“The People’s Budget embodies that new vision by investing in the interests of the people over the interests of the arms industry and the billionaire class,” Paul Kawika Martin, senior director for policy and political affairs at Peace Action, noted in a statement on Tuesday. (Photo: Congressional Progressive Caucus)

Offering an ambitious alternative to the House GOP’s “morally bankrupt” 2019 budget proposal—which demands over $5 trillion in cuts to Social Security, Medicaid, and other life-saving programs—the Congressional Progressive Caucus (CPC) on Tuesday unveiled a budget that calls for massive investments in infrastructure, healthcare, and education while proposing significant cuts to the completely “out-of-control” Pentagon budget.

Titled The People‘s Budget: A Progressive Path Forward (pdf), the CPC’s plan also calls for a ban on “any expansion of U.S. combat troops in Syria, Iraq, Yemen, Afghanistan, and many other countries,” demanding an immediate end to “the policy of funding endless wars.” Continue reading

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‘This Is Zero Hour’: Youth-Led Marches Across the Globe Demand Immediate and Ambitious Climate Action

“Climate change is our last chance to either fix colossal systems of inequality or reach a chaotic state where your privilege ultimately decides if you live or die.”

By Jake Johnson, staff writer for Common Dreams. Published 7-21-2018

“This isn’t something that’s going to affect us 70, 80 years in the future. This is going to affect us. Our futures, our careers, our lives,” said Talia Grace, social media director for Zero Hour, the movement behind this weekend’s mass actions. (Photo: Zero Hour)

Declaring that climate change is “an issue of survival” that must be confronted with urgency, young activists across the globe on Saturday kicked off three days of marches and demonstrations to pressure elected officials to “reject the corrupting monetary influence of fossil fuel executives,” ban all new dirty energy developments, and safeguard the planet for both its current inhabitants and future generations.

“Climate change is our last chance to either fix colossal systems of inequality and emerge as a more efficient, better equipped society as a whole, or reach a chaotic state where your privilege ultimately decides if you live or die,” said 16-year-old climate activist Ivy Jaguzny ahead of Saturday’s events, which are expected to take place “in cities from Washington, D.C. to Butere, Kenya.Continue reading

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