New Orleans A conundrum becomes a contradiction when we look at regulators concerns about the size and operations of huge, non-bank financial institutions that were such a sizeable factor in triggering the Great Recession and find that they are moving to protect the financial system and ignoring citizen and consumer interests. The Treasury Department has …
Tag: Great Recession
The Destruction of Citizen Wealth
New Orleans It is hard to miss the markers of the precipitous slide of US citizen wealth flowing from the Great Recession. New figures from the Census Bureau indicate another dive for the 4th straight year (obviously starting in 2007 in the Bush era). We now stand a hair above $50,000 in median household …
Cultural Shift: The Media Suddenly Rediscovers Poverty
New Orleans I swear there’s a shift suddenly in the recognition that poverty is a big freaking problem. Everywhere I turn in recent days commentators, columnists and reporters feel obligated to at least mention poverty and the poor either directly or euphemistically. In a cultural shift from recent decades, folks feel they should at least …