“When I first arrived in LA 40 years ago, the town smelled of orange blossoms. Now the streets stink of urine.” Veteran publicist Ed Lozzi says that the middle class and wealthy are fleeing Los Angeles, noting that whereas the town once smelled of orange blossoms, it now smells of urine. Lozzi noted that coronavirus was just the final blow to a city already reeling as a result of its progressive... 

WikiLeaks has released a fourth batch of emails from Hillary Clinton’s campaign chairman John Podesta. They cover a number of issues highlighting the campaign’s cozy relation with media outlets and more scathing remarks about the Bernie Sanders campaign. The latest leak contains 1,193 new emails and it comes just a day after the whistleblowing website released another batch of 1,190. Bernie... 

An audience attending a Hillary Clinton rally in Omaha, Nebraska, Monday cheered enthusiastically as the Democratic nominee announced a tax hike for Americans struggling to maintain their middle class status. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” Clinton says as Warren Buffett – the third richest man in the world worth an estimated... 

The Republican presidential frontrunner laid out a set of tax proposals on Saturday, including a zero rate for those with low incomes and tax cuts for corporations; however, Wall Street financiers would have to pay more. Republican presidential frontrunner Donald Trump gave an outline of his tax plans for the presidency on Saturday, including a proposal to impose higher taxes on Wall Street bankers,... 

The middle class has shrunk consistently over the past half-century. The middle class has shrunk consistently over the past half-century. Until 2000, the reason was primarily because more Americans moved up the income ladder. But since then, the reason has shifted: There is a greater share of households on the lower rungs of the economic ladder. – From yesterday’s New York Times article: Middle... 

Brazil’s leftist president Dilma Rousseff has been re-elected for another term with over 51 percent of the vote in a tight presidential run-off on Sunday. Rousseff, who has been in power since 2011, has been re-elected for a second term, winning 51.6 percent of the vote according to the official tally. With over 99 percent of the ballots counted, her opponent, the centrist opposition leader Aecio... 

Tens of thousands of Australians are out on the streets nationwide to condemn the government’s envisaged budget cuts in the education sector. On Sunday, tens of thousands of Australians hit the streets in several cities to show their anger at the government’s economic and social policies. The protest rallies were held in Sydney, Adeline, Brisbane and Melbourne. They slammed the government... 

The number of Americans that renounced their citizenship was 221 percent higher in 2013 than it was in 2012. That is a staggering figure, and it is symptomatic of a larger trend. In recent years, a lot of really good people with very deep roots in this country have made the difficult decision to say goodbye to the United States permanently. A few actually go to the trouble to renounce their citizenship,... 

An American economist says the country’s middle class population is being pushed further down the scale of economic capability. “…the income distribution has been severely hurt. It is so badly skewed now that all of the evidence is clear – a very small percent of the population receives almost the entire gain and income increases and the wealth is being concentrated in the top, is extremely... 

Gourmet cheese and beef joints are among the top stolen items in the UK, a new report has shown. Middle class shoppers have turned to stealing out of need for food, due to the weak economy, with the total cost of retail theft hitting £3.4bn last year. Shoplifting has proved to be the biggest concern for UK retailers, accounting for 36 percent of total losses, or £1.224 billion, according to the... 

America’s middle class is disappearing as growing income inequality creates more families in areas either mostly rich or poor, a report says. Around 44 per cent of families live in middle-income neighbourhoods – down from 65 per cent in 1970, the Stanford University study shows. Meanwhile a third of families in the U.S. now live in either rich or poor areas, which has more than doubled on... 

Obama’s $450 billion employment package to save ONE job: his! Struggling President unveils plan to cut tax for middle class but who pays? Facing a barrage of criticism over his handling of the economy, President Obama last night unveiled a massive $450bn plan to combat the country’s unemployment crisis – and try to save his own job. In a rare address to a joint session of US Congress... 

This file photo shows members of a group called 'The Other 95 Percent' hold a rally to thank US President Barack Obama for their middle class tax cuts as a counter-protest to anti-tax groups rallying on the National Mall in Washington April 15, 2010. The American middle class is on the verge of disappearing, while the United States, itself, is in danger of becoming a third world country, a... 

61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007. The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America. The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States...