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August 22, 2014
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Tag: Economy

John Oliver on Why You Should Resort to ‘Anything Else’ Before Taking Out a Payday Loan

Payday loan providers have been around for 20 years or so, and in that time their growth rate has been exponential for one reason alone: The services they provide are a huge, undeniable, legal scam. Watch John Oliver and comedian Sarah Silverman explain why you need to avoid them at all costs.

Posted on Aug 12, 2014 READ MORE


California Income Chasm

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Posted on Aug 11, 2014 READ MORE



The Rebirth of Stakeholder Capitalism?

We’re all stakeholders in the American economy, and many stakeholders have done miserably.

Posted on Aug 11, 2014 READ MORE



How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

Politicians wanted upfront cash from a legal victory over Big Tobacco, and bankers happily obliged. The price? A handful of states promised to repay $64 billion on just $3 billion advanced.

Posted on Aug 9, 2014 READ MORE



pio3 / Shutterstock.com

Juking the Job Stats

A decade ago, as the United States hemorrhaged manufacturing jobs, the federal government considered reclassifying fast food as a manufacturing industry.

Posted on Aug 8, 2014 READ MORE



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What ‘War on Whites’?

If there really were a “war on whites,” as a Republican congressman from Alabama ludicrously claims, it wouldn’t be going very well for the anti-white side.

Posted on Aug 8, 2014 READ MORE


Banks

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Posted on Aug 8, 2014 READ MORE



The Disconnect Between Workers’ Pay and Social Worth

Does anyone seriously believe hedge-fund mogul Steven A. Cohen is worth the $2.3 billion he raked in last year, despite being slapped with a $1.8 billion fine after his firm pleaded guilty to insider trading?

Posted on Aug 4, 2014 READ MORE



Lobbyists Bidding to Block Government Regs Set Sights on Secretive White House Office

When Washington lobbyists fail to derail regulations proposed by federal agencies, they often find a receptive ear within the Office of Information and Regulatory Affairs, an arm of the White House Office of Management and Budget that conducts much of its business in secret.

Posted on Aug 2, 2014 READ MORE



And Now for a Little Good News About the Economy

The Federal Reserve released some positive news Wednesday about the state of the U.S. economy, pointing to better figures than expected in the second quarter of 2014 while registering ongoing concern about unemployment.

Posted on Jul 30, 2014 READ MORE



Obama to Congressional Foes: ‘Stop Just Hatin’ All the Time’ (Video)

Doesn’t he know that this would leave them with no purpose? President Obama, facing a House vote Wednesday to sue him for overextending his powers in pushing the Affordable Care Act through, took some shots at his opponents.

Posted on Jul 30, 2014 READ MORE



The Increasing Irrelevance of Corporate Nationality

“You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayers,” President Obama said Thursday.

Posted on Jul 29, 2014 READ MORE



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Trapped in Qatar: Workers Say They Haven’t Been Paid in a Year (Video)

The rush to build up Qatar’s infrastructure ahead of the 2022 World Cup has come at an appalling human cost.

Posted on Jul 28, 2014 READ MORE



Gage Skidmore (CC-BY-SA)

Paul Ryan’s New Clothes

Paul Ryan is counting on this: Because he says he wants to preserve a safety net, speaks with concern about poor people and put out a 73-page report, many will elide over the details of the proposals he made last week in his major anti-poverty speech.

Posted on Jul 28, 2014 READ MORE


Kristen Bell Sings Revamp of Mary Poppins Tune With Minimum Wage Message

The hit “Funny or Die” video casts Kristen Bell as a fed-up Mary Poppins, quitting her “choice” nanny position in protest of earning a minimum wage that has her living below the poverty line. But the timeless Disney character has a good idea about what will make her stay.

Posted on Jul 26, 2014 READ MORE



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Kansas Experiment Blows Up Laboratory of Democracy

When Louis Brandeis wrote in 1932 that a “single courageous state may, if its citizens choose, serve as a laboratory,” he surely wasn’t imagining anything quite like Brownbackistan.

Posted on Jul 25, 2014 READ MORE



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Under Water: The EPA’s Struggle to Combat Pollution

For years, the U.S. Environmental Protection Agency has been frustrated in its efforts to pursue hundreds of cases of water pollution — repeatedly tied up in legal fights about exactly what bodies of water it has the authority to monitor and protect.

Posted on Jul 24, 2014 READ MORE



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2.2 Billion People Are Poor

According to a new United Nations report, almost one-third of all humans are living in poverty, or very close to it. But there’s something else that should alarm us.

Posted on Jul 23, 2014 READ MORE



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Unpaid Interns Can Collect Back Pay Without Hurting Their Careers

After a year scrutinizing the intern economy, ProPublica’s internship investigation is coming to an end. But before signing off, we wanted to do our own end-of-semester review.

Posted on Jul 23, 2014 READ MORE


Income Inequality

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Posted on Jul 21, 2014 READ MORE



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A Local Fight for the Future of the Internet

The front line in this fight is Chattanooga, Tenn., where officials at the city’s public electric utility, EPB, realized that smart-grid energy infrastructure could also provide consumers super-fast Internet speeds at competitive prices.

Posted on Jul 18, 2014 READ MORE


Climate Deniers, All Washed Up

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Posted on Jul 17, 2014 READ MORE


Atlantic City

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Posted on Jul 16, 2014 READ MORE



The Rise of the Nonworking Rich

The real nonworkers are the wealthy who inherit their fortunes. And their ranks are growing.

Posted on Jul 16, 2014 READ MORE



AP/Damian Dovarganes

‘Sons of Wichita’: An Unauthorized Examination of the Koch Dynasty

Until the run-up to the 2010 congressional elections, Daniel Schulman—like much of America—had barely heard of Charles and David Koch, billionaire industrialists who were primary backers of the tea party and were determined to take down President Obama.

Posted on Jul 15, 2014 READ MORE



Radu Bercan / Shutterstock.com

Citigroup: The Original Gangsta

The prototypical too-big-to-fail bank will pay $7 billion in fines, a move that will avoid a humiliating trial dealing with its role in the financial meltdown.

Posted on Jul 14, 2014 READ MORE


John Oliver Puts His Finger on the Reason Income Inequality Is So Prevalent in the U.S.

“Just because politicians can’t talk about income inequality,” the “Last Week Tonight” host starts on one of his characteristic rants, “doesn’t mean we shouldn’t.”

Posted on Jul 14, 2014 READ MORE



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Our Progressive Constitution

Many kinds of conservatives contend that everything they believe is thoroughly consistent with the views and intentions of our 18th-century founders.

Posted on Jul 7, 2014 READ MORE


Corporate Personhood

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Posted on Jul 7, 2014 READ MORE



The Limits of Corporate Citizenship: Why Walgreen Shouldn’t Be Allowed to Influence U.S. Politics

Dozens of big U.S. corporations are considering leaving the United States to reduce their tax bills.

Posted on Jul 7, 2014 READ MORE



The Politics and Economics of Inequality: A Lecture to the Top One-Tenth of 1 Percent (Video)

Here’s a lecture I gave recently at this year’s Aspen Ideas Festival. The irony of talking about inequality with an audience composed almost entirely of the richest one-tenth of 1 percent of Americans was not lost on me.

Posted on Jul 5, 2014 READ MORE



Almedalen: A Swedish Export the U.S. Could Use

Sixty miles off the coast of Sweden, in the Baltic Sea, sits the island of Gotland. Every summer, for one week, tens of thousands flock here to participate in a unique public event known as Almedalen.

Posted on Jul 2, 2014 READ MORE



AP/Dario Lopez-Mills

The People’s Game, Part Three: The 2014 Copa do Mundo as a Window to the World

The World Cup is the world’s most popular spectacle and, as such, speaks volumes about the state of humanity today.

Posted on Jun 28, 2014 READ MORE



Shutterstock

Is Drinking Urine the Answer to California’s Drought?

It may sound a bit unpalatable, but pee may be a better option for the Golden State than the desalination of ocean water.

Posted on Jun 25, 2014 READ MORE



Drowning in Profits

A story of a private equity firm, a missing pool fence, and the death of a two-year-old child raises troubling questions about how, as a nation, we define security in housing and why, in the midst of what’s regularly termed a “recovery,” many neighborhoods may actually be growing increasingly vulnerable.

Posted on Jun 23, 2014 READ MORE



Real Business Leaders Want to Save Capitalism

A few weeks ago I was visited in my office by the chairman of one of the country’s biggest high-tech firms who wanted to talk about the causes and consequences of widening inequality and the shrinking middle class, and what to do about it.

Posted on Jun 21, 2014 READ MORE



Shutterstock

How America’s Real Business Leaders Want to Save Capitalism

A few weeks ago I was visited in my office by the chairman of one of the country’s biggest high-tech firms who wanted to talk about the causes and consequences of widening inequality and the shrinking middle class, and what to do about it.

Posted on Jun 18, 2014 READ MORE


Student Loan Debt

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Posted on Jun 18, 2014 READ MORE



AP/Andre Penner

The People’s Game Part Two: Brazil Rejects Neo-Liberal Soccer

What FIFA has imposed on Brazil is a kind of soccer that is nearly unrecognizable, and thus heretical, to the people who have, over the course of more than a century, made the sport into a national religion.

Posted on Jun 17, 2014 READ MORE



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The Three Biggest Right-Wing Lies About Poverty

Rather than confront poverty by extending jobless benefits to the long-term unemployed, endorsing a higher minimum wage or supporting jobs programs, conservative Republicans are taking a different tack.

Posted on Jun 16, 2014 READ MORE



Ververidis Vasilis / Shutterstock.com

Where’s the Bread and Butter?

The 2014 campaign is being waged against a backdrop of national news dominated by everything except the core economic worries of most Americans.

Posted on Jun 16, 2014 READ MORE



stocklight / Shutterstock.com

Al Gore’s Warnings About Inequality and Democracy

The former vice president recently told a tech industry conference when “95 percent of all the additional national income in the U.S., since the recovery began in ’09, goes to the top 1 percent, that’s not an Occupy Wall Street slogan, that’s a fact.”

Posted on Jun 13, 2014 READ MORE



Student Debt: Blame Lawmakers, Tax-Shirking Rich, War on Drugs, Not Universities

Why is tuition so high in state universities that The New York Times is wondering whether families will go on being able to afford it?

Posted on Jun 10, 2014 READ MORE



Seattle Is Right

By raising its minimum wage to $15, Seattle is leading a long-overdue movement toward a living wage.

Posted on Jun 7, 2014 READ MORE



Marcio Jose Bastos Silva / Shutterstock.com

Private Equity Is Becoming a Public Problem

A few weeks ago, a top official at the Securities and Exchange Commission reported on what he called a “remarkable” amount of potentially illegal behavior in the private equity industry—aka the industry that buys up, changes and sells off smaller companies.

Posted on Jun 6, 2014 READ MORE


Elizabeth Warren and Thomas Piketty Explain How Wealth Trickles ‘Up,’ Not Down

The two best-selling authors discuss the American economy and the growth of income disparity plaguing the nation in a HuffPost Live segment that shouldn’t be missed.

Posted on Jun 4, 2014 READ MORE



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Saving the World One Coal Plant at a Time

Even for people who don’t believe in it, climate change just got real. It’s about time.

Posted on Jun 3, 2014 READ MORE


Stephen Colbert to Thomas Piketty: ‘Why Are You Trying to Tear Down the Western Economic System?’

The writer of the best-selling book “Capital in the Twenty-First Century” that’s on everybody’s mind these days stopped by “The Colbert Report” on Monday for a reckoning with the faux-conservative host.

Posted on Jun 3, 2014 READ MORE



White House/Pete Souza

Sending Drones Not Divisions

In the post-Cold War era, it was possible to hold grand illusions and chase utopian dreams. As President Obama understands, and his foreign policy critics fail to grasp, that time is past.

Posted on Jun 2, 2014 READ MORE



Freedom Summer II

It took guts to take on the power structure of Mississippi a half-century ago. It takes guts to take on the power structure of giant companies like Walmart and McDonalds now.

Posted on Jun 2, 2014 READ MORE


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