Posts Tagged: The Middle Class
12

Why Does Verizon Hate America?

Verizon, who has recently been quite happy to secretly turn over millions of loyal Americans' phone records to the government (and then lie about doing so!), now has a much more difficult choice to make about what's right. Do they cater to anti-union bias and Wall Street profit-grabbing? Or do they engage just a little in trying to make America better by not helping to destroy the middle class?

With global operating revenues last year of $106 billion (and only $31 billion in real costs), the company doesn't feel a need to really engage with its 45,000 striking workers. Last year, Verizon laid off lots of staff—2500 directly, [...]

7

Israel's Yuppie Revolt

Writing about Israel is tough when the Israeli-Arab conflict isn't front and center. It's been a geopolitical nightmare for decades; it hangs in the background during the discussion of even innocuous topics. But a massive new protest movement in Israel is centered around financial issues instead—and could give a sneak preview of what could happen if European and American economies hit the fan again.

A gigantic tent city in downtown Tel Aviv was organized via Facebook and is now home to hundreds of protesters. They are mainly middle-class urbanites, angry at the rapidly rising Israeli cost of living and at Tel Aviv's lack of affordable [...]