Since 2007, it seems every time the economy picks up, oil prices go up with it, bringing everything to a halt again. It’s a powerful paradox that is stifling the American economy.
Our nerdy friends at Epipheo and author of the book The Third Industrial Revolution, Jeremy Rifkin, explain how oil prices affect the economy and why America needs a third Industrial revolution.
Chocolate Rain by TayZonday is one of the Internet’s top original viral videos. Tay has been super busy since becoming a viral sensation, but that doesn’t stop him from continuing to deliver great original songs. Hist latest is a doozy and not only sounds great, but explains in simple terms why the American economy is in such a mess.
With the economy still shaky since the collapse in 2008, everyone loves to list off ‘truths’ that they know will fix the economy. “We need to cut taxes,” or, “We need to hire more teachers.” So which is it? Robert Reich is a world renown economist, and served for the administration of President Ford, Carter and Clinton. He might know a thing or two about economics. Here, he smashes seven famous economic myths.
Maurice Johnston is 55 years old and has Masters Degree in Plasma Physics, and Electrical Engineering and acoustics from prestigious institutions. But the economy is so bad, when he moved to his new job and he found out they gave it to someone else, he had no where else to go. He had little money and no one is hiring. Sadly, he ended homeless and still is. This is his story. The video is going viral on Reddit.
Robert Reich explains the Real problems with the economy. The economy has doubled since 1980, but wages for workers are basically the same after taking inflation into account. The richest are getting richer, the poor are getting poorer. In just two minute, Reich explains why our economy and our country as a whole are in big trouble. We need to fix our middle class.
