Average weekly earnings of private services sector and goods producing sector jobs, 1964-2018. Graphic: Cornell Law School

Quality of U.S. jobs declining drastically – “The long-term loss of good-paying manufacturing jobs over the past thirty years has produced troubling ripple effects for many Americans”

WASHINGTON, 14 November 2019 (CPA) – The Coalition for a Prosperous America (CPA) today announced the launch of a comprehensive new economic indicator, the US Private Sector Job Quality Index (JQI). CPA has partnered with Cornell University, the University of Missouri, and the Global Institute for Sustainable Prosperity (GISP) to unveil a new measure of America’s changing […]

The Rieckmann’s mantle in their home in Fremont, Wisconsin, on 20 November 2019. Photo: Jason Vaughn / TIME

Small American farmers are nearing extinction – “They’re trying to wipe us off the map”

By Alana Semuels 27 November 2019 FREMONT, Wisconsin (TIME) – For nearly two centuries, the Rieckmann family has raised cows for milk in this muddy patch of land in the middle of Wisconsin. Mary and John Rieckmann, who now run the farm and its 45 cows, have seen all manners of ups and downs — […]

Cars block a street during a protest against a rise in gasoline prices, in the central city of Isfahan, Iran, Saturday, 16 November 2019. Demonstrators angered by a 50 percent increase in government-set gasoline prices blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire. Photo: AP Photo

Protests grip major Iran cities over gas prices – Internet access sees disruptions and outages – “The ongoing disruption is the most severe disconnection tracked in any country in terms of its technical complexity and breadth”

By Jon Gambrell 16 November 2019 DUBAI, United Arab Emirates (AP) – Protesters angered by Iran raising government-set gasoline prices by 50 percent blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The protests put renewed […]

Former HSBC employees protest about unfair cuts, or “clawbacks”, to their pensions outside of the HSBC annual general meeting at the International Convention Centre in Birmingham, England, 13 April 2019. Photo: The Telegraph

“Their house is on fire”: the pension crisis sweeping the world – “We just have to explain to millennials that their parents might have to move back in with them”

By Josephine Cumbo and Robin Wigglesworth 16 November 2019 LONDON/OSLO (Financial Times) – Jan-Pieter Jansen, a 77-year-old retiree from the Netherlands, had high hopes for a worry-free retirement after having saved diligently into a pension during his working life. But Mr Jansen, a former manager in the metal industry, has been forced to reappraise his […]

Members of security forces detain a demonstrator during an anti-government protest in Santiago, Chile. Photo: Edgard Garrido / REUTERS

Chile president cancels Apec and climate summits amid wave of unrest

SANTIAGO (30 October 2019) – Chile’s embattled president has cancelled the Apec trade summit in November and the Cop 25 climate summit in December, as his government struggles with the largest wave of political unrest since the end of the Pinochet dictatorship. Sebastián Piñera made the announcement on Wednesday after 12 days of massive demonstrations […]

Illustration from The New York Times review of “13th Gen: Abort, Retry, Ignore, Fail?”, by Neil Howe and Bill Strauss, titled “The Boomers’ Babies”. Graphic: Rob Shepperson / The New York Times

Only half of U.S. Gen Xers have a retirement account, and that’s a disaster in the making

By Tanza Loudenback 22 October 2019 (Business Insider) – Millennials may bear the brunt of bad press, but Gen X is arguably in worse financial shape. Insider recently teamed up with Morning Consult to survey 2,096 Americans about their financial health, debt, and earnings for its new series, “The State of Our Money.” Of the total respondents, 566 were […]

Clip from BP’s “Energy Illustrated” web series. Graphic: Spencer Dale / BP

BP chief economist to youth conference: “The haves must remember the have nots”

By Spencer Dale 23 October 2019 LONDON (BP) – It’s a great pleasure to be here this morning. One Young World is a big deal in BP. As you just heard, Bob Dudley is a massive fan. And many friends and colleagues have been delegates in the past and raved about it. So I’ve heard […]

Map of Zimbabwe showing the Acute Food Insecurity Phase for June 2019 to September 2019 and October 2019 to January 2020. Graphic: FEWS NET

“It’s a nightmare”: Zimbabwe struggles with hyperinflation – Extreme poverty surges to 34 percent as 1 million more added to poor bracket – “People should brace for worse”

By Alois Vinga 18 October 2019 (New Zimbabwe) – Extreme poverty in Zimbabwe has risen to 34 percent, with 1 million more citizens now added to the existing 4.7 million, World Bank (WB) said in a recent Poverty and Equity brief. The global lender said there has been a significant growth in the country’s poverty […]

A protester shakes hands with a security officer in Quito, Ecuador, on Sunday, 13 October 2019, as they celebrate the government’s announcement that it has cancelled an austerity package and restored fuel subsidies. The package had triggered violent protests that paralyzed the economy and left seven people dead. Photo: Dolores Ochoa / AP

Ecuador reaches fuel subsidy deal to end violent protests

By Chris Arnold 14 October 2019 (NPR) – Ecuadorian President Lenin Moreno and leaders of the country’s indigenous peoples have reached a deal to cancel a disputed austerity package. The move follows nearly two weeks of violent, widespread protests. The unrest began after Moreno ended government subsidies that have helped keep fuel prices low in […]

Total U.S. Tax Rate (Federal, State and Local), 1950-2018, by income decile. Graphic: The New York Times

For the first time in history, U.S. billionaires paid a lower tax rate than the working class in 2018

By Christopher Ingraham 8 October 2019 (The Washington Post) – A new book-length study on the tax burden of the ultrarich begins with a startling finding: In 2018, for the first time in history, America’s richest billionaires paid a lower effective tax rate than the working class. The Triumph of Injustice, by economists Emmanuel Saez […]

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