40% Struggle To Meet Basic Needs

In the midst of a booming stock market, low unemployment and despite a thriving economy 40% of US families struggle to meet at least one of life’s necessities. That means paying for food, rent, utilities or healthcare. The Urban Institute, a DC based non profit research organization which studies economic and social policy found that the difficulties where mainly among low income families or those with health issues. The study also revealed that these problems Continue reading “40% Struggle To Meet Basic Needs”

Welfare Benefits and Racism

People on the left such as NYT columnist and economist Paul Krugman have long held the view that white Americans resented minorities at least in part because they felt that they received more government benefits than whites did.  A new study now shows him and others right. Having been conducted by academics however, the phrasing of the findings is put in more cautious language. Robb Willer professor of sociology and social psychology at Stanford and Rachel Wetts of UC Berkeley call this the welfare backlash. They explain that as minorities make up an increasing Continue reading “Welfare Benefits and Racism”

Dental Care and Former Inmates

An inmate gets freed from prison, he or she has no job, no money, a prison record, often poor or no skills—and bad teeth. There’s a stigma about bad teeth which compounds reentry into society. It makes it much harder to feel natural in an interview and to be able to get a job. 74 million people in the US lack dental care, and often the former inmate’s dental problem began way before prison. While there, Continue reading “Dental Care and Former Inmates”

Private Equity Funds and Those in Need

Say you get a check in the mail and it says just sign me. You ignore it then some emergency crops up and you can’t cover it and then you remember the check. That’s one way companies owned by Private Equity Funds make money. In this case a company like   Mariner Finance  is  owned by an $11.2 billion  Private Equity Fund called Warburg Pincus, and the president of  Warburg Pincus is Timothy Geithner, former Treasury Secretary under Obama, which makes the activities of Mariner Finance stand out all the more . They charge up to 36% interest to needy people who Continue reading “Private Equity Funds and Those in Need”