The economy: You’re right to be skeptical

Democrats in office and their media apologists push the story that the economy is doing great — look at low unemployment and improving inflation. Everything’s fine! Why isn’t the public getting it, they ask? Simple. Their numbers don’t reflect people’s everyday reality. And that’s not by accident. Employment and inflation fictions Let’s take job figures. Logically, unemployment numbers should include all the people who want to work but can’t find a job. [...]

June 2024 Change Links Community Calendar

Change Links can’t publish without your support. Send items, articles or poems to changelinks2@gmail.com or via change-links.org/submit/ Please subscribe as well. Subscriptions to the print edition are $12/25/50 a year, low income, regular or sustainer (sliding scale), payable to “AFGJ,” our fiscal sponsor, with “Change Links” in the memo. All events announced are encouraged to donate $5 (per event), payable to AFGJ, mail to: Change Links, PO Box 34236, LA 90034. It [...]

National Security Adviser advises business that war is still good business

According to a report in Breaking Defense, a news service for the "defense" industry (AKA the masters of war), "Even as the White House has pushed billions of dollars towards Ukraine and Israel, the American defense industry has been wary of standing up production capacity over fears that it will invest and then suddenly see government demand drop quickly." National Security Advisor Jake Sullivan assured investors and weapons manufacturers that they have [...]

The Incredible Disappearing Stock Market

The number of public owned stocks listed on US stock exchanges has declined almost 50% since 1996, with a slight uptick recently that probably won't last long. There are two main reasons for this -- private equity firms, so called vulture capitalists, putting up the money for operations like Space-X that are not subject to the regulations and required public financial accounting that publicly-held stock companies are required to provide, and even [...]

The End of Homeownership in Canada

For generations, middle-class Canadians have been sold on the promise of homeownership.  The promise was always flawed. Today it’s simply broken.                     https://macleans.ca/longforms/the-end-of-homeownership/      By Michelle Cyca [Excerpt - full article at link above] I was born in Vancouver in 1987, and I’ve lived here nearly all my life. Anyone of my generation who grew up in this city spent their youth hearing constantly about the twin dangers that imperiled our future: a [...]

By |2023-07-08T16:43:05-05:00July 8th, 2023|Banks, Canada, Capitalism, Economy, Homelessness, Housing|0 Comments

Inflation is Worse than They Say

The Real Cost of Inflation Corporate media and government statistics claim inflation is now running between 4 and 7% per year, and has cooled down.  But read the fine print, and you will see this is so-called "core inflation" leab=ving out supposedly "volatile" prices for gas and food, which are of course necessities for most people in this capitalist economy. And inflation there is much higher, as a trip to grocery or [...]

By |2023-04-29T01:27:57-05:00April 29th, 2023|Anti-capitalism, Banks, Capitalism, Economy, Labor|0 Comments

News on Climate Action Around the World

Summary of reports on DEMOCRACY NOW! by Terrie Brady On Democracy Now! on December 23 there was a report about an effort by Exxon Mobil to start off shore oil drilling off Guyana.  There is a lawyer, Melinda janki,  who is from Guyana trying to stop this. Antonia Juhasz wrote in WIRED magazine about this.  Antonia Juhasz also wrote a book , The Tyranny of Oil  on this subject. Also on Democracy [...]

Crenshaw Mall Quietly Sold to Failed Developer, not Black Community

The Battle For The Crenshaw Mall Continues by Downtown Crenshaw We have confirmed the Crenshaw Mall was quietly sold to the corrupt, racist and failed developer David Schwartzman of Harridge Development Group. This is of course disappointing. At its root, the decision by the sellers of the mall (public pension funds and Deutsche Bank/DWS) to sell to Schwartzman instead of the Black community illustrates that systemic and generational racism in real estate [...]

Fauxgressives on Neighborhood Councils: Liberal Slogans Encasing Developers’ Agenda

Fauxgressives on the march, winning recent Neighborhood Council elections By Dick Platkin* https://www.citywatchla.com/index.php/cw/los-angeles/22421-fauxgressives-on-the-march-winning-recent-neighborhood-council-elections Planning Watch: Lately my in-box has included emails from local community activists dealing with “progressives” who won recent Neighborhood Council elections.  One email included a recent on-line article from Knock-LA, written by an LA Forward organizer who spearheaded these successful election campaigns.  This article, however, revealed little about what these winners hope to achieve through LA’s Neighborhood Councils. Do [...]

Housing & Gentrification Issues

Community Control of the Crenshaw Mall! Fight Gentrification! The major players involved in the sale of the Crenshaw Mall trying to gentrify Black L.A. are some of the world’s most powerful people and shady characters. It can get complicated, so we broke it all down. Several of America's largest public pension funds #LACERA #NYCERS #UCRegents #TRSNYC #TexasTeachers are the investors in Capri Urban Investors, a private equity fund that owns the Crenshaw [...]

Corporate Landlords Are Taking Over L.A.

Corporate Landlords Are Taking Over L.A. Will Politicians Do Anything About it? by Patrick Range McDonald https://www.housinghumanright.org/corporate-landlords-are-taking-over-l-a-will-politicians-do-anything-about-it/ A new, must-read report by Strategic Actions for a Just Economy (SAJE) has made one thing eye-poppingly clear: corporate landlords are taking over Los Angeles. With that, SAJE points out, L.A. renters are increasingly dealing with predatory practices — such as sudden evictions and unfair, excessive rents — that turn their lives upside down. The [...]

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