Four hundred investigative journalists are diving into over 11 million leaked documents from the Panamanian law firm Mossack Fonseca that creates shell companies for the rich and powerful to hide their assets, launder dirty money, and shelter income from taxes.
If either Trump or Cruz is elected president, we could see the largest redistribution in American history from the poor and middle-class of America to the rich.
Either Trump or Cruz's tax plan would be the biggest redistribution of wealth - upward - in the history of the United States.
New data shows no change in the poverty rate in most states for the past two years. Only two states have poverty rates below their 2007 level, before the state of the Great Recession. However, the data suggest that the lack of real income growth over the past decade and a half has been even more pronounced for households at the bottom of the income scale. Click below to see where your state stands (or doesn't).
Systemic problems require systemic solutions. Police alone cannot stop urban violence; it requires action on every front. Rising poverty in the nation's capital has been experienced primarily by black and Latino residents. The average white family's income is $110,757, according to Census estimates. For black families it's $39,081. There's a growing income gap nationwide. This kind of disparity breeds hopelessness, which drives people to acts of desperation and violence.
The Trans Pacific Partnership (TPP) - what's at stake? Why the secrecy, why the rush, why cut-off debate and input? The reason is - Money, big money, says the New York Times. Major American business interests, from Nike to Boeing and Hollywood to Silicon Valley, want the deal badly. Labor and environmental groups see it as a threat to American workers at the expense of profits.
Reader Comments - Baltimore, other cities as "Occupied Territory"; Drop the Charges against those arrested; Government-Sponsored Segregation; Bernie Sanders - a Long Tradition of American Socialism; Alberta NDP Victory; $15 per Hour or Bust; Israeli Soldiers Speak Out-Gaza Atrocities Were Orders; Labor Union Membership Now Just 11%; Feliks Tych - R.I.P.; Announcements - New York, Boston
Reader Comments - Baltimore and Martin Luther King on Protesters Who Use Violence; How to Help - Baltimore-Ferguson Legal Defense Committee; US `World Leader' in Child Poverty; FBI Faked Testimony; Yemen; El Salvador; Venezuela; Ukraine; South Africa; Turkey; Peace Movement; The Symbolic Left; 2016 Elections; TPP; More Responses to The Tragedy of Party Communism;
Announcements (all New York): May Day Against Waltons; She's Beautiful When She's Angry; Mayor 1% - Forum
How the minimum wage hurts us all. Is $15 an Hour a Realistic Goal for Fast-Food Workers? -- Even the Wall Stree Journal says YES -- If all workers earned at least $15 an hour, there would be a ripple effect through hundreds of occupations.
The Democratic Party finds itself with some serious divides that ought to be settled by the electorate. Some are clear-cut policy differences, such as the Trans-Pacific Partnership, an enormous free-trade agreement with Pacific Rim nations that Warren opposes and Clinton backs. The big-picture debate on financial regulation and income inequality is what's most at peril if the Democratic primaries come and go without top-notch opponents for Clinton.
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