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Another Reading of Milanovic: Worlds of Inequality - Globalization's Winners and Losers

Miles Corak The American Prospect
Branko Milanovic offers us not just a plethora of facts about income inequality but brings them into a sound and rigorous global perspective, showing that what are too often treated as isolated national issues are on a world scale income massively maldistributed. While some nations saw the growth of a middle strata (China, for one) the real increase in world income is owned by the unprecedented 50-percent rise in incomes for the top 1 percent globally.

Panama Papers: Shadow Economy for the World's Elites

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.

Republican Tax Plan

Either Trump or Cruz's tax plan would be the biggest redistribution of wealth - upward - in the history of the United States.

In Virtually Every State, the Poverty Rate is Still Higher than Before the Recession

David Cooper Economic Policy Institute (EPI)
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).

Why Police Can't Fix Urban America's Violent Crime Problem - Here's the Solution We Keep Overlooking

Maurice Jackson Washington Post
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.

After Lobbying by Obama, Senate Agrees to Vote on Trade Bill After All; Why Elizabeth Warren is Fighting the TPP

Jonathan Weisman; Bud Meyers
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.

Tidbits - May 7, 2015 - Baltimore; Cities as "Occupied Territory"; Bernie Sanders; Alberta NDP Victory; $15 per Hour; Israeli Soldiers Speak Out...more

Portside
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

Tidbits - April 30, 2015 - Baltimore; Martin Luther King on Protesters Who Use Violence; How to Help; US `World Leader' in Child Poverty; and more...

Portside
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
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