By Michael Powell and Motoko Rich Reprinted from NEW YORK TIMES In Atlanta, the Bank of America tower, the tallest in the Southeast, is nearly a fifth vacant, and bank officials just wrestled a rent cut from the developer. In Cherry Hill, N.J., 10 percent of the houses on the market are so-called short sales, in which sellers ask for less than they owe lenders. And in Arizona, in sun-blasted desert subdivisions, owners speak of hours cut, jobs lost and meals at soup kitchens. Less than a month before November elections, the United States is mired in a grim New Normal that could last for years. That has policy makers, particularly the Federal Reserve, considering a range of ever more extreme measures, as noted in the minutes of...

People living in "transition" cities and towns are working together to make their communities more resilient to economic and environmental uncertainty. Reprinted from COMMON DREAMS Moments of crisis offer two options: You can respond out of fear by hunkering down, arming yourself, and planning to shoot anyone that comes near your end-of-days outpost. Or you can embrace a smarter option by banding together and taking creative action toward a positive transition. As our nation grapples with chronic unemployment and the growing negative effects of climate change, the good news is that the transition approach is taking off in more and more places. People living in cities and heartland towns are starting to work together, to make their...

This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators. Some of the information might be a surprise to many people. The most amazing numbers on income inequality come last, showing the change in the ratio of the average CEO's paycheck to that of the average factory worker over the past 40 years. First, though, some definitions. Generally speaking, wealth is the value of everything a person or family owns, minus any debts. However, for purposes of studying the wealth distribution, economists define wealth in terms of marketable assets, such as real estate, stocks, and bonds, leaving aside consumer durables like cars and household items...

"Believe nothing just because a so-called wise person said it. Believe nothing just because a belief is generally held. Believe nothing just because it is said in ancient books. Believe nothing just because it is said to be of divine origin. Believe nothing just because someone else believes it. Believe only what you yourself test and judge to be true." [paraphrased Buddhist saying] Americans have a problem with the truth. They seem to be unable to accept it, which is difficult to understand at a time in history when knowledge plays a larger and larger role in determining human action. Recognition of this problem is widespread. Beliefs and lies somehow always overwhelm truth, even when they are so contradictory that any effective action...