Salvatore Babones (@sbabones) is a senior lecturer in sociology & social policy at the University of Sydney and an associate fellow at the Institute for Policy Studies (IPS).
Department of Sociology
& Social Policy
R.C. Mills Building A-26
The University of Sydney
NSW 2006 AUSTRALIA
sbabones@inbox.com
Absolute poverty in America higher than in 1969
Originally published at: http://poverty.ac.uk/editorial/absolute-poverty-america-high ...America’s official poverty line has remained fixed in real terms for over 40 years. Despite this, poverty is higher than it was at the end of the 1960s. READ MORE
ILO: U.S. Inequality now literally off the chart
Originally published at: http://inequality.org/ilo-report-inequality-literally-chart/ ...Among the world’s major nations, documents the UN agency dedicated to labor matters, only one currently has a level of inequality both high and rising. READ MORE
If world’s big corporations prefer to sit on trillions of dollars in order to avoid paying taxes, let them. If they won’t invest, we should. READ MORE
The debt ceiling debate that wasn’t
Originally published at: http://truth-out.org/opinion/item/16504-the-debt-ceiling-deb ...Just like the United States, Australia has a debt ceiling. Australian borrowing bumps up against this ceiling on a regular basis. But there the similarity ends. READ MORE
The inequality and growth debate is a red herring. It just doesn’t matter. The problem is inequality, and its solution is simple. READ MORE
OECD: Inequality rising faster than ever
Originally published at: http://inequality.org/oecd-report-inequality-rising-faster/ ...The Great Recession has widened the gap between the developed world’s affluent and everyone else, details a new report from researchers at the Paris-based OECD. In fact, inequality increased more in the three years after the global crisis first hit in 2007 than in the previous 12 years. READ MORE
Why are luxury car sales growing at record rates — in a recession?
Originally published at: http://inequality.org/luxury-car-sales-growing-record-rates- ...How can sales of super-luxury cars grow at super-fast rates during a recession? The answer is simple: it’s not a recession for everyone. READ MORE
Exploding the debt threshold myth
Originally published at: http://truth-out.org/news/item/16011Following on the heels of the 2008 global financial crisis and the associated spike in government borrowing in Europe and the United States, the Reinhart-Rogoff paper quickly became a touchstone for the small-government crowd. Austerity is the order of the day. Reinhart and Rogoff are its prophets. READ MORE
