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How Rich Are the Richest? Here’s How

by Tula Connell, Nov 1, 2011

The Occupy Wall Street movement has been proven correct about the wealthiest 1 percent getting vastly richer while the rest of us 99 percent-ers are falling further behind.

Now, United for a Fair Economy parses out just what that wealth really means. The nonprofit economic justice organization notes that the 400 wealthiest families in the United States collectively own $1.37 trillion dollars—a figure that’s nearly incomprehensible. So United for a Fair Economy made that figure real with a list of showing 11 things that $1.37 trillion can buy.

For the full list, click here.

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Corporate Greed Behind Opposition to Employee Free Choice

by Tula Connell, Jan 12, 2009

credit: Muffet

Pundits, journalists and even economists have strained to find the reasons for our nation’s economic meltdown, stumbling over tortured concepts like “structured investment vehicles” and “collateralized debt.”

The underlying problem is much simpler. In fact, it can be described in six words: The corporate search for cheap labor.

While some people may have overextended themselves by taking out loans on their homes or piling up credit card debt for non-essentials, millions of Americans had no choice but to survive through debt. They needed to pay for health care, college tuition and car repairs. Why? Because even working two or three jobs, they aren’t paid sufficiently to support their families. Harvard law professor Elizabeth Warren repeatedly has discussed how the majority of personal bankruptcies happen after a medical crisis or job loss, rather than because of too many 124-inch flat screen TV sets.

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