Rania Khalek Dispatches from the Underclass

Tag / recession

A few months ago Democrats bragged that Americans were so supportive of President Biden’s “unprecedented” Russia sanctions turning the ruble into rubble, that they couldn’t wait to pay higher gas prices. But now that prices are higher with no end in sight, Americans are irate with high costs eating into their earnings, and Democrats and […]

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Rania Khalek was joined by Arnaud Bertrand, a commentator on economics and geopolitics based in Shanghai, to discuss the sanctions blowback on the West, the narrative management surrounding it, and growing tensions between the US and China.

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Nearly half of Americans are one medical emergency or job loss away from poverty, says a report released today by the Corporation for Enterprise Development (CFED). According to CFED’s Assets and Opportunities Scorecard, 43.9 percent of American households are “liquid asset poor” meaning they “lack adequate savings to cover basic expenses at the federal poverty level […]

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