FACE OF AN ECONOMY: U.S. household debt hits $13.6 trillion and national debt climbs above $22 trillion

A Journal of People report

 

According to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit, household debt increased for the 19th consecutive quarter to $13.67 trillion.

It has been “boosted by increases in mortgage, auto and student loan balances,” the report explained.

According to the new report, total U.S. household debt is now $993 billion higher than the peak of $12.68 trillion in the third quarter of 2008.

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U.S. household debt hit an all-time high with about $97 trillion in housing debt and about $4 trillion in non-housing debt. (Source: NY Fed)

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Oregon teachers, parents, students walk out to demand more school dollars

by Mark Gruenberg

People’s World | May 09, 2019

Oregon teachers, parents, students walk out to demand more school dollars

Oregon Education Association photo.

PORTLAND, Ore.–More than 20,000 Oregon public school teachers statewide — at least two-thirds of all teachers in the state — walked out of classes on May 8 to demand more state funds to fix crumbling schools and provide up-to-date textbooks.

Tens of thousands of students and parents joined the teachers, with 25,000 people marching in Portland alone. The Oregon Education Association, the state’s NEA affiliate, organized the walkout, and NEA national President Lily Eskelsen-Garcia addressed the crowd.

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Corporate Media Target Gabbard for Her Anti-Interventionism—a Word They Can Barely Pronounce

by Owen Walsh

FAIR MEDIA MONITOR | May 08, 2019

Tulsi Gabbard being challenged on The View (2/20/19) by Ana Navarro: “Why are you so against intervention in Venezuela?”

Presidential hopeful Tulsi Gabbard has not garnered much press coverage since announcing her bid on February 2; she’s the 13th-most-mentioned Democratic candidate on TV news, according to FAIR’s most recent count (4/14/19).

But when corporate media do talk about the Hawaii congressmember, they tend to reveal more about themselves than about her.

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A Time-report on Alexandria Ocasio-Cortez and a difficult political field

A Journal of People report

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The Time cover. Photograph by Collier Schorr for Time.

“Every 10 minutes or so, someone knocks on the big wooden door of Alexandria Ocasio-Cortez’s office on Capitol Hill. The noise makes staffers stiffen.” Thus begins a Time-report on Alexandria Ocasio-Cortez, often identified as AOC, the young, rising star in the political world in the U.S.

The “‘Change Is Closer Than We Think.’ Inside Alexandria Ocasio-Cortez’s Unlikely Rise” headlined report continues its real-life description:Read More »

Political fight in the U.S. Congress between two wings of the ruling classes

A Journal of People report

Political fight in the U.S. Congress between the Democrats and the Republicans is an important issue for knowing bourgeois politics in the country, an advanced bourgeois democracy. Recent incidents are examples of the political fights between the two wings of the ruling classes in the U.S.

On April 3, 2019, a Reuters report said:

“U.S. congressional Democrats on Wednesday (April 3, 2019) authorized a powerful committee chairman to subpoena Special Counsel Robert Mueller’s full report on Russia’s role in the 2016 election, moving closer to a legal clash with President Donald Trump’s administration.Read More »

Russiagate Implodes, Pleasing Trump But Leaving the Left in the Cold

by Glen Ford

The “Deep State” escalated a dispute within the U.S. corporate electoral duopoly into a geopolitical crisis, an “attack on America”.  Robert Mueller has finally put a plug in the noxious fart that has oozed for almost three years from the conjoined bowels of the Democratic Party and the national security state — but the stain remains, and may yet be lethal to us all.Read More »