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
Glen Ford explained the end of affirmative action in 2013, CIA experiments on indigenous children and Black prisoners, and the Peoples' Senate builds its formation.
Black Agenda Report co-founder, the late Glen Ford, spoke to the Real News Network after another affirmative action ruling in 2013.
Orisanmi Burton is an assistant professor at American University’s Department of Anthropology.
Shannon Jones is a member of the Spirit of Mandela’s Peoples' Senate Coordinating Committee.
The Supreme Court has always been a political institution. Racism, political expediency, and outright corruption have always dictated its decisions.
