Average US household worth 1/3 less, while assets of the 1% keep soaring…

Average US Household Now Worth a Third Less, While Assets of the 1% Soar

Mark Karlin

It would be an understatement to assert that The New York Times (NYT) was never sympathetic to the Occupy Movement. NYT reporting on Occupy and income inequality has generally served as a mini-me transcript of former Mayor Michael (“I’m with the titans of Wall Street”) Bloomberg.

BuzzFlash isn’t funded by corporate advertising, but by readers like you. Can you help sustain our work with a tax-deductible donation?

Yes, The New York Times does post Paul Krugman and occasional op-eds on income inequality, but usually, its coverage of economic issues leans heavily toward the financial interests of the top percentage earners – the people who buy the luxury goods and services advertised in the paper. When it comes to the economy, the NYT is not the paper of record; it is the paper promoting the interests and lifestyles of the rich.

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.