For most of the 20th century, until the 1980s, each generation of retirees had a somewhat higher standard of living than the last. With the Reagan era advent of federal policies encouraging private employers to raid and discontinue defined benefit pensions, that trend stopped. The current generation of retirees are discovering that their 401Ks are almost never sufficient to allow a dignified retirement. They've been robbed. 401Ks are subject to the stock market, which favors insiders, and financial managers and the retirement-industrial complex extract as much as a quarter of all 401K savings in parasitic fees. In this Against the Grain interview James Russell explains why Wall Street loves privatized and individual retirement accounts, and hates defined beneift pensions and social security,
listen
http://www.againstthegrain.org/files/files/atg/atg_2014.11.12_401ks.mp3
Counter-insurgency and Black Studies: An Interview with Tea Troutman
The anniversary of Hurricane Katrina and a new song are reminders that a strong hatred of the poor continues in the U.S.
The Communist Party of Kenya strongly condemns their nation's involvement in the impending occupation of Haiti.
The plan for the next occupation of Haiti involves Caribbean nations Jamaica and the Bahamas. Even far away Kenya is allowing itself to be used to give cover to a racist attack.
The U.S. is instigating a regional attack on Niger, but the people of that nation are in solidarity with others who will resist any aggression.
