For most of the 20th century, until the 1980s, each generation of retirees had a somewhat higher standard of living than the last. With the Reagan era advent of federal policies encouraging private employers to raid and discontinue defined benefit pensions, that trend stopped. The current generation of retirees are discovering that their 401Ks are almost never sufficient to allow a dignified retirement. They've been robbed. 401Ks are subject to the stock market, which favors insiders, and financial managers and the retirement-industrial complex extract as much as a quarter of all 401K savings in parasitic fees. In this Against the Grain interview James Russell explains why Wall Street loves privatized and individual retirement accounts, and hates defined beneift pensions and social security,
listen
http://www.againstthegrain.org/files/files/atg/atg_2014.11.12_401ks.mp3
"Boss Tweet’s Trial V. Trial of a Freedom Fighter" is the latest from BAR's Poet-in-Residence.
Cuba hosted its international peace seminar during May Day celebrations on the island.
African Liberation Day should serve as a time to ground ourselves in the history of our people and take those lessons with us as we continue the struggle toward liberation.
Recent global and domestic events have put the United States in a defensive posture that presents an opportunity for the movement to step up.
Our future survival as a nation depends on what foreign policy decisions are made by our government
