Why Nations (and organizations) Fail: Self-Serving Elites
A nation is poor precisely because it has been ruled by a narrow elite.
by Charles Hugh Smith
Massachusetts unemployment rises despite job gains
The economy is a house of cards.
by Jim Kinney

Over 48 million Americans live in poverty
High cost of living outweighs the government benefits poor people receive.
by Patrick Gillespie
Platinum Falls Below Gold for First Time Since April 2013
Platinum is mostly used for automotive catalytic converters, with industry accounting for more than 50 percent of usage.
by Nicholas Larkin

Obamacare likely to cost $300 billion more than thought – Congressional Budget Office
CBO hasn’t officially investigated the cost of Obamacare since the summer of 2012.
by RT
Greece to Test Minimum Guaranteed Income Program
Negative income tax—has been gaining tepid but bipartisan support in America.
by Elizabeth Nolan Brown

Russia's Tumbling Ruble Zooms Past 41 to Dollar
Tension over Ukraine and Western sanctions on Moscow have driven a slide in the ruble’s value.
by Moscow Times
Richest of the world’s population are getting wealthier
Inequality could be a trigger for recession.
by Jill Treanor


Email alias of former Fed chair Bernanke comes out in AIG trial
Bernanke took the stand to defend U.S. government’s bailout of AIG.
by Reuters
NSA spying damages US economy, may end up ‘breaking the Internet’
NSA surveillance could cost the US up to $180 billion in global technology sales by 2016.
by RT

China angered after FBI head says Chinese hacking costs billions
Charges over hacking and internet spying have increased tension between the two countries.
by Reuters
Wal-Mart's insurance move reveals Obamacare truth
Company announced on Tuesday it was cutting health benefits for 30,000 employees who work fewer than 30 hours a week.
by Anthony Zurcher

18 Sobering Facts About The Unprecedented Student Loan Debt Crisis In The United States
The student loan debt bubble in America is spiraling out of control, and it is financially crippling an entire generation of young Americans.
by Michael Snyder
Fear of Ebola could have “catastrophic” economic costs, World Bank predicts
World economic outlook expects global growth to be 3.3% in 2014, down from its April forecasts as countries fail to recover strongly from recession.
by Max Ehrenfreund

China Overtook US As World's Largest Economy
IMF measures both GDP in market exchange terms.
by Mike Bird
No Disney Fun for Orlando Workers as Poverty Nears 20%
Disney World workers earn less than it costs to visit the park.
by Toluse Olorunnipa