US corporations destroying America

US corporations destroying America


Corporate America has convinced many in Washington that what is good for them is good for America. Naturally, a tax cut would be in line for them in order to keep pace with countries like China, the same countries these corporations outsource jobs too. The Market Ticker's Karl Denninger says shuffling the deck around doesn't change the problem. When you offshore labor, you can effectively hire slaves in places like China and put your production in places where they don't care if you put your toxic waste in the water.

Gerald Celente: "Scenario set up for next war"

Gerald Celente: "Scenario set up for next war"


The Federal Reserve has decided to invest $600 billion into the United States economy in order to spur growth. Gerald Celente from the Trends Research Institute says the US government is ruining the country by causing a trade war, devaluing the dollar and driving the country into poverty

US income gap, worst in developed nations

US income gap, worst in developed nations

As the shaky economy attempts to heal, a census report released shows the United States has the worst income gap ratio out of all the westernized countries in the world. In this day and age where more Americans are using food stamps, how are some profiting so much? Nomi Prins says there have been fewer jobs, which means less income for people which lead them to fall into poverty levels. Coupled with a rise in increased costs the income gap will only get worse.

The Resident: Poverty in America

The Resident: Poverty in America

The Resident asks people on the streets of New York City: About 44 million Americans, or 1 in 7, live below the poverty level. What or who is to blame?

Sarkozy: Tax the banks!

Sarkozy: Tax the banks!

The United Nations General Assembly kicks off with a summit on the millennium development goals with the aim to cut world poverty in half by 2015. The three day summit on the millennium development goals begins with the sobering fact that the organization is $20 billion dollars short on the 2010 commitment. Webster Tarpley says he agrees with French President Nicolas Sarkozy, who says in order to make some progress the obvious solution is tax the banks, the people who caused the economic failure.

Gerald Celente: US Economy = Depression

Gerald Celente: US Economy = Depression


Famous investor and billionaire George Soros referred to the US economy as "blah," saying he expects a further slowdown. US President Barack Obama has insisted however that the US economy is heading in the right direction. Gerald Celente, the director of the Trends Research Institute said the economy is not just blah, it's in a depression. It's the summer of the greatest recession," he said.

US poverty: From bad to worse?

US poverty: From bad to worse?

US President Obama is pushing forward plans to double the country's exports in the next five years. The move, that could generate two million jobs, comes amid hopes that the country is finally pulling out of the depths of recession. But with the number of Americans facing poverty at a 50-year high, millions are still fighting for survival. RT's Lauren Lyster reports from New Jersey about the everyday hardship that Americans must face.

Poverty: The American nightmare

Poverty: The American nightmare


One in seven Americans now live on or below the poverty line, according to figures published by the US Census Bureau. It is the sharpest annual rise for three decades, and analysts predicted next year's figures will be even worse. Rev. Graylan Hagler says that as a Pastor he sees people who have been gainfully employed their whole life and are now suffering due to the slumping economy.