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
"Everything they touch turns to rubble" is the latest from BAR's Poet-in-Residence.
While Washington DC's political leadership changes, Pan-African Community Action (PACA) is organizing to ensure that Black communities are empowered in decision making processes.
Tennessee's claim of being "tough on crime" means racialized policing and incarceration, and profit making off of marginalized people.
The US has disqualified itself from hosting the World Cup through wars, genocide, and domestic repression.
For years, Israel used the “Dahiya doctrine” in Gaza. Now it’s using the “Gaza doctrine” in Dahiya — and Tehran.
