A 25-year-old fast food worker from the Brownsville section of Brooklyn went on record in the newspaper of record to say that life earning just above minimum wage is not desirable for herself or her children.
The new cost-of-living index proposed in Obama’s latest budget is really a means to push lower living standards on people who need Social Security, University of Missouri economist Michael Hudson says.
A survey found that more than half of Americans have less than $25,000 in savings and investments excluding their homes, while 28 percent doubt they will have enough money to retire comfortably—a high in more than two decades of study.
Watch out Whole Foods. The Sri Lankan army, having triumphed in its long fight against the rebel Tamil Tigers, has now turned to selling vegetables to the country’s poor at reduced prices to help them through hard times.