The United States is a low-wage country. (Here a chorus of Republicans pipes up: Yes, but it's the greatest low-wage country in the world, and don't you forget it!) In fact, in 2009 the United States led developed nations, with 24.8 percent of workers earning less than two-thirds of the median income. By comparison, the United Kingdom, Canada, Ireland and Germany all came in at between 20 and 21 percent of workers earning less than two-thirds of their respective median incomes.
World grain reserves are so dangerously low that severe weather in the United States or other food-exporting countries could trigger a major hunger crisis next year, the United Nations has warned. [Guardian] Failing harvests in the ... Read Post
Republicans have been kvetching today about the fact that, as of Sunday, the U.S. will have the highest statutory corporate tax rate in the world following a scheduled cut in Japan’s corporate tax. “The United States is a world lead... Read Post