Obama wants to ‘break up’ white, Republican-voting neighbourhoods

The Obama administration is moving forward with regulations designed to help diversify America’s wealthier neighborhoods, drawing fire from critics who decry the proposal as executive overreach in search of an “unrealistic utopia.”

A final Department of Housing and Urban Development … Read the rest

Rupert: The rich will want to conceal their wealth

Johann Rupert, the South African who has made billions peddling Cartier jewelry and Chloe fashion, said tension between the rich and poor is set to escalate as robots and artificial intelligence fuel mass unemployment.

“We cannot have 0.1 percent of … Read the rest

US middle class wages plummet with immigration

Wages of America’s middle class have dropped below 1970s levels as immigration has surged 325 percent, according to a new congressional report that questions claims that native Americans are economically helped by greater immigration.

The nonpartisan Congressional Research Service report … Read the rest

Shocking energy price hikes for SA

As from today, Johannesburg residents will pay 7% more for electricity.

Ten other municipalities, including Cape Town, asked National Energy Regulator of SA (Nersa) for increases ranging between 7.63% and 12.11%.

Cape Town’s proposed 7.63% electricity increase would compensate for … Read the rest

As from today, Johannesburg residents will pay 7% more for electricity.

Ten other municipalities, including Cape Town, asked National Energy Regulator of SA (Nersa) for increases ranging between 7.63% and 12.11%.

Cape Town’s proposed 7.63% electricity increase would compensate for … Read the rest

SA’s middle class falling through the cracks

dstvA good television seems to be just as important as preparing for retirement.

Drawing on data from Statistics SA’s income and expenditure survey, and other sources, such as company results, market analysis firm Eight20 yesterday revealed some telling spending priorities … Read the rest

Poverty engulfing SA’s white middle class

The white middle class struggling
The white middle class struggling

It was not only the poor who were hard hit last year. As many as 116000 “financially comfortable” households have fallen on bad times.

Slowing economic growth and rising unemployment hit many a household classified … Read the rest

US: A third world country in 20 years?

Dr Paul Craig Roberts

During the second half of the 20th century the United States was an opportunity society. The ladders of upward mobility were plentiful, and the middle class expanded. Incomes rose, and ordinary people were able to achieve … Read the rest