poverty

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A superb article by Benjamin Dueholm in Washington Monthly about Foster Parenting and its connection to politics and a whole host of other things. Well worth a read: In a way that we never really anticipated, welcoming Sophia into our home led us into the wilderness of red tape and frustration navigated every day by…

Remembering Wangari Maathai

Dr. Wangari Maathai died on Sunday at 71, of ovarian cancer. It is interesting to me that so many of the obituaries get her work wrong – consider what the New York Times says: Dr. Maathai, one of the most widely respected women on the continent, wore many hats — environmentalist, feminist, politician, professor, rabble-rouser,…

- The basic Rogoff/Reinhart observation that financial collapses due to asset bubbles just take a long time to work through. Given the size of the 2008 collapse, historical evidence suggests that it’s going to take five or six years to recover, and that’s that. – The Tyler Cowen “Great Stagnation” hypothesis. We’ve picked through all…

From Counterpunch, Ehrenreich, who, along with Jonathan Kozol and the late Joe Bageant and a vanishingly few others, tells the true story of American poverty more clearly than anyone else explores how we punish the poor:: The viciousness of the official animus toward the indigent can be breathtaking. A few years ago, a group called…

I have a pretty good track record on the economic crisis. In 2007, I pointed out that the “slowdown” that people were saying was absolutely not a recession, was, in fact, a recession. In 2008, I pointed out that most major economic downturns of the past century haven’t been very brief – although technically the…

And in non-goat news…. According to the study, the inflation-adjusted median wealth among Hispanic households fell 66% from 2005 to 2009. Black households suffered a 53% drop in net worth over the same period. By contrast, whites saw a decline of 16% in household wealth. In 2009, the typical black household had just $5,677 in…

On Friday, in a move that shocked, truly shocked America, President Obama said that food stamps were more important than Defense. Since this sort of prioritization is one of the fundamental differences between the US extreme right (aka Republicans) and the US center-right (also known as the Democrats), the fact that this caused an uproar…

From the current issue of _American Educator_, fascinating research on Equality issues by Richard Wilkinson and Kate Pickett (PDF alert!) that shows that greater economic and social equality don’t make things better just for the bottom: It may seem obvious that problems associated with relative deprivation should be more common in more unequal societies. However,…

If you want to see it in color, all you have to do is google image up a history of the price of oil and superimpose it on the price of various staple crops. Take a look at oil and then rice, soybeans, wheat and corn. Look closely at 2008, and at the present. I…

Mother Jones on Economic Inequity

Mother Jones has a very clear visual presentation of the increase in economic inequity over the last years – 11 charts they say shows it all. I’m not sure it shows it all, but they are well worth looking at, particularly these two: And this one, which shows the perception that Americans have – that…