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
The African Union reversed its decision to suspend Israel's observer status.
Joe Biden says that Latin America is "in our front yard." Nations in the region declare independence by deepening their ties with China.
The mass incarceration state was built to lock up as many Black people as possible and discussion of even modest reforms is shut down.
…
As part of the Black Agenda Report Book Forum, we interview scholars about a recent article they’ve written for either an academic journal or popular publication.
