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
This week color-blindness on the left and the Black Misleadership Class were on your minds.
We must realize what we’ve lost in the demolition and sale of public housing units.
Increasing levels of LGBT/community organization, social mobilization, and political activism can be observed in different parts of the continent.
Biden is taking the position that the US will not rejoin the agreement or drop its unilateral sanctions until Iran first comes back into compliance.
“President” Jovenel Moïse has dismantled the democratic institutions of the state and rules unilaterally with the support of the police, military and western allies.
